AQUA TEAM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AQUA TEAM
Largest movements
- Financial fixed assets -€19,050
no longer reported in 2025 (was €19,050)
- Receivables within one year -€11,065
no longer reported in 2025 (was €11,065)
- Tangible fixed assets -€6,282
down €6,282 (-55.9%), from €11,240 to €4,958
of which Land and buildings: -€4,958
- Profit (loss) carried forward -€32,420
down €32,420 (-43.2%), from -€74,973 to -€107,393
- Trade debts -€3,707
no longer reported in 2025 (was €3,707)
- Gross operating margin +€20,076
no longer reported in 2025 (was -€20,076)
- Other operating charges +€16,847
up €16,847 (+831%), from €2,028 to €18,875
- Depreciation -€6,505
no longer reported in 2025 (was €6,505)
- Financial charges -€219
no longer reported in 2025 (was €219)
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,430 | €4,958 | -€36,472 | -88.0% |
| Fixed assets | 21/28 | €30,290 | €4,958 | -€25,332 | -83.6% |
| Tangible fixed assets | 22/27 | €11,240 | €4,958 | -€6,282 | -55.9% |
| Land and buildings | 22 | €9,916 | €4,958 | -€4,958 | -50.0% |
| Plant, machinery and equipment | 23 | €210 | - | -€210 | |
| Leasing and similar rights | 25 | €1,114 | - | -€1,114 | |
| Financial fixed assets | 28 | €19,050 | - | -€19,050 | |
| Current assets | 29/58 | €11,140 | - | -€11,140 | |
| Amounts receivable within one year | 40/41 | €11,065 | - | -€11,065 | |
| Trade receivables | 40 | €11,065 | - | -€11,065 | |
| Cash at bank and in hand | 54/58 | €75 | - | -€75 | |
| Total equity and liabilities | 10/49 | €41,430 | €4,958 | -€36,472 | -88.0% |
| Equity | 10/15 | €25,570 | -€6,850 | -€32,420 | |
| Contributions | 10/11 | €49,579 | €49,579 | -€0 | 0.0% |
| Contributions outside capital | 11 | - | €49,579 | +€49,579 | |
| Other | 1109/19 | - | €49,579 | +€49,579 | |
| Reserves | 13 | €50,964 | €50,964 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €50,964 | €6,000 | -€44,964 | -88.2% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Own shares acquired | 1312 | €44,964 | - | -€44,964 | |
| Distributable reserves | 133 | - | €44,964 | +€44,964 | |
| Profit (loss) carried forward | 14 | -€74,973 | -€107,393 | -€32,420 | -43.2% |
| Amounts payable | 17/49 | €15,860 | €11,808 | -€4,052 | -25.5% |
| Amounts payable within one year | 42/48 | €15,860 | €11,808 | -€4,052 | -25.5% |
| Trade debts | 44 | €3,707 | - | -€3,707 | |
| Suppliers | 440/4 | €3,707 | - | -€3,707 | |
| Other amounts payable | 47/48 | €12,153 | €11,808 | -€345 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,505 | - | -€6,505 | |
| Other operating charges | 640/8 | €2,028 | €18,875 | +€16,847 | +831% |
| Non-recurring operating charges | 66A | - | €6,359 | +€6,359 | |
| Gross operating margin | 9900 | -€20,076 | - | +€20,076 | |
| Operating profit (loss) | 9901 | -€28,609 | -€25,234 | +€3,375 | +11.8% |
| Financial charges | 65/66B | €219 | - | -€219 | |
| Recurring financial charges | 65 | €219 | - | -€219 | |
| Profit (loss) for the period before taxes | 9903 | -€28,828 | -€25,234 | +€3,594 | +12.5% |
| Profit (loss) for the period | 9904 | -€28,828 | -€25,234 | +€3,594 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,828 | -€25,234 | +€3,594 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.