AquaBull: 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.
AquaBull
Largest movements
- Receivables within one year -€28,295
down €28,295 (-74.0%), from €38,215 to €9,920
of which Trade receivables: -€31,032
- Cash -€2,335
down €2,335 (-62.5%), from €3,737 to €1,402
mainly Other debts (-€10,240) and Accrued charges and deferred income (-€10,000)
- Other debts -€10,240
down €10,240 (-59.4%), from €17,233 to €6,993
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward -€5,728
down €5,728 (-131%), from -€4,376 to -€10,104
- Trade debts -€3,162
down €3,162 (-84.3%), from €3,752 to €590
- Tax, wage and social debts -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin -€22,090
down €22,090, from €17,492 to -€4,598
- Depreciation -€2,343
no longer reported in 2025 (was €2,343)
- Taxes -€1,340
down €1,340 (-89.3%), from €1,500 to €160
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 | €46,709 | €16,079 | -€30,630 | -65.6% |
| Fixed assets | 21/28 | €4,757 | €4,757 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,757 | €4,757 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,757 | €4,757 | = | 0.0% |
| Current assets | 29/58 | €41,952 | €11,322 | -€30,630 | -73.0% |
| Amounts receivable within one year | 40/41 | €38,215 | €9,920 | -€28,295 | -74.0% |
| Trade receivables | 40 | €36,244 | €5,212 | -€31,032 | -85.6% |
| Other amounts receivable | 41 | €1,971 | €4,708 | +€2,737 | +139% |
| Cash at bank and in hand | 54/58 | €3,737 | €1,402 | -€2,335 | -62.5% |
| Total equity and liabilities | 10/49 | €46,709 | €16,079 | -€30,630 | -65.6% |
| Equity | 10/15 | €14,224 | €8,496 | -€5,728 | -40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,376 | -€10,104 | -€5,728 | -131% |
| Amounts payable | 17/49 | €32,485 | €7,583 | -€24,902 | -76.7% |
| Amounts payable within one year | 42/48 | €22,485 | €7,583 | -€14,902 | -66.3% |
| Trade debts | 44 | €3,752 | €590 | -€3,162 | -84.3% |
| Suppliers | 440/4 | €3,752 | €590 | -€3,162 | -84.3% |
| Taxes, remuneration and social security | 45 | €1,500 | - | -€1,500 | |
| Taxes | 450/3 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €17,233 | €6,993 | -€10,240 | -59.4% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,343 | - | -€2,343 | |
| Other operating charges | 640/8 | €769 | €785 | +€16 | +2.1% |
| Gross operating margin | 9900 | €17,492 | -€4,598 | -€22,090 | |
| Operating profit (loss) | 9901 | €14,380 | -€5,383 | -€19,763 | |
| Financial charges | 65/66B | €62 | €185 | +€123 | +198% |
| Recurring financial charges | 65 | €62 | €185 | +€123 | +198% |
| Profit (loss) for the period before taxes | 9903 | €14,318 | -€5,568 | -€19,886 | |
| Income taxes | 67/77 | €1,500 | €160 | -€1,340 | -89.3% |
| Profit (loss) for the period | 9904 | €12,818 | -€5,728 | -€18,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,818 | -€5,728 | -€18,546 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.