AQUA-THERMIC: 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-THERMIC
Largest movements
- Cash -€30,030
down €30,030 (-50.4%), from €59,603 to €29,573
mainly Contributions, distributions and other (-€14,118) and Net result for the year (-€12,151)
- Receivables within one year -€6,973
down €6,973 (-18.9%), from €36,968 to €29,996
of which Trade receivables: -€32,756
- Tangible fixed assets -€4,479
down €4,479 (-28.4%), from €15,793 to €11,313
of which Furniture and vehicles: -€7,440
- Profit (loss) carried forward -€26,268
down €26,268 (-33.1%), from €79,414 to €53,146
- Trade debts -€9,824
down €9,824 (-49.7%), from €19,752 to €9,929
- Tax, wage and social debts -€3,346
down €3,346 (-84.6%), from €3,954 to €609
- Debts after one year -€1,241
down €1,241 (-100%), from €1,241 to €0
- Gross operating margin -€38,344
down €38,344, from €24,860 to -€13,484
- Taxes -€12,609
down €12,609 (-94.5%), from €13,338 to €729
- Financial income +€8,850
up €8,850 (+335%), from €2,643 to €11,493
- Financial charges -€1,389
down €1,389 (-80.9%), from €1,717 to €327
- Other operating charges +€385
up €385 (+41.8%), from €921 to €1,306
From the 2024 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,364 | €70,882 | -€41,482 | -36.9% |
| Fixed assets | 21/28 | €15,793 | €11,313 | -€4,479 | -28.4% |
| Tangible fixed assets | 22/27 | €15,793 | €11,313 | -€4,479 | -28.4% |
| Plant, machinery and equipment | 23 | €358 | €3,318 | +€2,960 | +828% |
| Furniture and vehicles | 24 | €15,435 | €7,995 | -€7,440 | -48.2% |
| Current assets | 29/58 | €96,571 | €59,568 | -€37,003 | -38.3% |
| Amounts receivable within one year | 40/41 | €36,968 | €29,996 | -€6,973 | -18.9% |
| Trade receivables | 40 | €32,966 | €210 | -€32,756 | -99.4% |
| Other amounts receivable | 41 | €4,002 | €29,786 | +€25,784 | +644% |
| Cash at bank and in hand | 54/58 | €59,603 | €29,573 | -€30,030 | -50.4% |
| Total equity and liabilities | 10/49 | €112,364 | €70,882 | -€41,482 | -36.9% |
| Equity | 10/15 | €85,414 | €59,146 | -€26,268 | -30.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,414 | €53,146 | -€26,268 | -33.1% |
| Amounts payable | 17/49 | €26,949 | €11,735 | -€15,214 | -56.5% |
| Amounts payable after more than one year | 17 | €1,241 | €0 | -€1,241 | -100% |
| Financial debts | 170/4 | €1,241 | €0 | -€1,241 | -100% |
| Amounts payable within one year | 42/48 | €25,708 | €11,735 | -€13,973 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €2,001 | €1,198 | -€803 | -40.1% |
| Trade debts | 44 | €19,752 | €9,929 | -€9,824 | -49.7% |
| Suppliers | 440/4 | €19,752 | €9,929 | -€9,824 | -49.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,954 | €609 | -€3,346 | -84.6% |
| Taxes | 450/3 | €3,954 | €609 | -€3,346 | -84.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,162 | €7,797 | -€365 | -4.5% |
| Other operating charges | 640/8 | €921 | €1,306 | +€385 | +41.8% |
| Gross operating margin | 9900 | €24,860 | -€13,484 | -€38,344 | |
| Operating profit (loss) | 9901 | €15,778 | -€22,587 | -€38,365 | |
| Financial income | 75/76B | €2,643 | €11,493 | +€8,850 | +335% |
| Recurring financial income | 75 | €2,643 | €11,493 | +€8,850 | +335% |
| Financial charges | 65/66B | €1,717 | €327 | -€1,389 | -80.9% |
| Recurring financial charges | 65 | €1,717 | €327 | -€1,389 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €16,704 | -€11,421 | -€28,125 | |
| Income taxes | 67/77 | €13,338 | €729 | -€12,609 | -94.5% |
| Profit (loss) for the period | 9904 | €3,366 | -€12,151 | -€15,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,366 | -€12,151 | -€15,517 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.