AQUADIS: 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.
AQUADIS
Largest movements
- Tangible fixed assets -€78,746
down €78,746 (-6.8%), from €1.2m to €1.1m
of which Other tangible fixed assets: -€41,406
- Cash +€52,840
up €52,840 (+62.5%), from €84,501 to €137,341
mainly Depreciation (+€78,746) and Net result for the year (+€28,698)
- Reserves +€28,600
up €28,600 (+6.4%), from €445,500 to €474,100
of which Distributable reserves: +€28,600
- Debts after one year -€24,772
down €24,772 (-4.1%), from €603,839 to €579,067
- Other debts -€21,233
down €21,233 (-37.7%), from €56,301 to €35,068
- Gross operating margin -€31,675
down €31,675 (-17.2%), from €183,675 to €152,000
- Taxes -€10,014
down €10,014 (-48.2%), from €20,768 to €10,754
- Financial charges +€4,212
up €4,212 (+22.2%), from €18,938 to €23,150
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,481,462 | €1,469,642 | -€11,820 | -0.8% |
| Fixed assets | 21/28 | €1,155,420 | €1,076,674 | -€78,746 | -6.8% |
| Tangible fixed assets | 22/27 | €1,155,420 | €1,076,674 | -€78,746 | -6.8% |
| Land and buildings | 22 | €958,388 | €921,736 | -€36,652 | -3.8% |
| Plant, machinery and equipment | 23 | €1,719 | €1,031 | -€688 | -40.0% |
| Other tangible fixed assets | 26 | €195,313 | €153,907 | -€41,406 | -21.2% |
| Current assets | 29/58 | €326,042 | €392,968 | +€66,926 | +20.5% |
| Stocks and contracts in progress | 3 | €3,897 | €4,086 | +€188 | +4.8% |
| Stocks | 30/36 | €3,897 | €4,086 | +€188 | +4.8% |
| Amounts receivable within one year | 40/41 | €137,644 | €151,541 | +€13,897 | +10.1% |
| Trade receivables | 40 | €137,644 | €92,905 | -€44,739 | -32.5% |
| Other amounts receivable | 41 | - | €58,636 | +€58,636 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,501 | €137,341 | +€52,840 | +62.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,481,462 | €1,469,642 | -€11,820 | -0.8% |
| Equity | 10/15 | €721,460 | €750,158 | +€28,698 | +4.0% |
| Contributions | 10/11 | €274,000 | €274,000 | = | 0.0% |
| Reserves | 13 | €445,500 | €474,100 | +€28,600 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €445,500 | €474,100 | +€28,600 | +6.4% |
| Profit (loss) carried forward | 14 | €1,960 | €2,058 | +€98 | +5.0% |
| Amounts payable | 17/49 | €760,002 | €719,484 | -€40,518 | -5.3% |
| Amounts payable after more than one year | 17 | €603,839 | €579,067 | -€24,772 | -4.1% |
| Financial debts | 170/4 | €603,839 | €579,067 | -€24,772 | -4.1% |
| Amounts payable within one year | 42/48 | €136,721 | €113,880 | -€22,841 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €23,663 | €24,772 | +€1,109 | +4.7% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €10,038 | €6,529 | -€3,509 | -35.0% |
| Suppliers | 440/4 | €10,038 | €6,529 | -€3,509 | -35.0% |
| Taxes, remuneration and social security | 45 | €46,719 | €47,500 | +€780 | +1.7% |
| Taxes | 450/3 | €43,633 | €44,372 | +€739 | +1.7% |
| Remuneration and social security | 454/9 | €3,087 | €3,128 | +€42 | +1.3% |
| Other amounts payable | 47/48 | €56,301 | €35,068 | -€21,233 | -37.7% |
| Accrued charges and deferred income | 492/3 | €19,442 | €26,537 | +€7,095 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,026 | €78,746 | +€720 | +0.9% |
| Other operating charges | 640/8 | €10,462 | €11,158 | +€696 | +6.7% |
| Gross operating margin | 9900 | €183,675 | €152,000 | -€31,675 | -17.2% |
| Operating profit (loss) | 9901 | €95,187 | €62,095 | -€33,092 | -34.8% |
| Financial income | 75/76B | €634 | €506 | -€128 | -20.2% |
| Recurring financial income | 75 | €634 | €506 | -€128 | -20.2% |
| Financial charges | 65/66B | €18,938 | €23,150 | +€4,212 | +22.2% |
| Recurring financial charges | 65 | €18,938 | €23,150 | +€4,212 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €76,883 | €39,451 | -€37,432 | -48.7% |
| Income taxes | 67/77 | €20,768 | €10,754 | -€10,014 | -48.2% |
| Profit (loss) for the period | 9904 | €56,116 | €28,698 | -€27,418 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,116 | €28,698 | -€27,418 | -48.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.