AQUADESIGN STUDIO: 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.
AQUADESIGN STUDIO
Largest movements
- Stocks and contracts +€8,701
new in 2025: €8,701
- Receivables within one year -€6,529
down €6,529 (-14.9%), from €43,749 to €37,220
of which Trade receivables: -€3,742
- Tangible fixed assets +€4,735
new in 2025: €4,735
- Other debts -€120,124
down €120,124 (-99.5%), from €120,708 to €584
- Debts after one year +€79,996
up €79,996 (+169%), from €47,275 to €127,271
- Profit (loss) carried forward +€58,035
up €58,035 (+26.3%), from -€220,776 to -€162,741
- Trade debts -€14,217
down €14,217 (-29.6%), from €48,066 to €33,850
- Current portion of long-term debt +€2,562
up €2,562 (+7.9%), from €32,441 to €35,004
- Gross operating margin +€50,529
up €50,529 (+340%), from €14,883 to €65,412
- Financial charges -€2,231
down €2,231 (-24.7%), from €9,020 to €6,789
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 | €46,314 | €53,210 | +€6,896 | +14.9% |
| Fixed assets | 21/28 | - | €4,735 | +€4,735 | |
| Tangible fixed assets | 22/27 | - | €4,735 | +€4,735 | |
| Furniture and vehicles | 24 | - | €4,735 | +€4,735 | |
| Current assets | 29/58 | €46,314 | €48,474 | +€2,160 | +4.7% |
| Stocks and contracts in progress | 3 | - | €8,701 | +€8,701 | |
| Stocks | 30/36 | - | €8,701 | +€8,701 | |
| Amounts receivable within one year | 40/41 | €43,749 | €37,220 | -€6,529 | -14.9% |
| Trade receivables | 40 | €27,255 | €23,513 | -€3,742 | -13.7% |
| Other amounts receivable | 41 | €16,495 | €13,708 | -€2,787 | -16.9% |
| Cash at bank and in hand | 54/58 | €2,565 | €2,553 | -€11 | -0.4% |
| Total equity and liabilities | 10/49 | €46,314 | €53,210 | +€6,896 | +14.9% |
| Equity | 10/15 | -€202,176 | -€144,141 | +€58,035 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,776 | -€162,741 | +€58,035 | +26.3% |
| Amounts payable | 17/49 | €248,490 | €197,351 | -€51,140 | -20.6% |
| Amounts payable after more than one year | 17 | €47,275 | €127,271 | +€79,996 | +169% |
| Financial debts | 170/4 | €47,275 | €127,271 | +€79,996 | +169% |
| Amounts payable within one year | 42/48 | €201,216 | €70,079 | -€131,136 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €32,441 | €35,004 | +€2,562 | +7.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €48,066 | €33,850 | -€14,217 | -29.6% |
| Suppliers | 440/4 | €48,066 | €33,850 | -€14,217 | -29.6% |
| Advances received on contracts in progress | 46 | - | €643 | +€643 | |
| Other amounts payable | 47/48 | €120,708 | €584 | -€120,124 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €265 | +€265 | |
| Other operating charges | 640/8 | €1,047 | €429 | -€619 | -59.1% |
| Gross operating margin | 9900 | €14,883 | €65,412 | +€50,529 | +340% |
| Operating profit (loss) | 9901 | €13,835 | €64,718 | +€50,883 | +368% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €9,020 | €6,789 | -€2,231 | -24.7% |
| Recurring financial charges | 65 | €9,020 | €6,789 | -€2,231 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €4,816 | €58,035 | +€53,220 | +1,105% |
| Profit (loss) for the period | 9904 | €4,816 | €58,035 | +€53,220 | +1,105% |
| Profit (loss) for the period to be appropriated | 9905 | €4,816 | €58,035 | +€53,220 | +1,105% |
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 20 October 2026 via checked.be.