AQUADRAAT: 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.
AQUADRAAT
Largest movements
- Cash -€250,742
down €250,742 (-62.2%), from €403,386 to €152,644
mainly Net result for the year (-€89,819) and Receivables within one year (-€58,179)
- Receivables within one year +€58,179
up €58,179 (+7.2%), from €803,574 to €861,753
of which Trade receivables: +€70,763
- Profit (loss) carried forward -€89,819
down €89,819 (-32.7%), from €274,721 to €184,902
- Tax, wage and social debts -€43,135
down €43,135 (-74.2%), from €58,121 to €14,986
of which Taxes: -€47,393
- Trade debts -€35,986
down €35,986 (-6.2%), from €583,789 to €547,803
- Staff costs +€73,809
up €73,809 (+25.9%), from €285,079 to €358,888
- Gross operating margin -€36,166
down €36,166 (-11.1%), from €324,361 to €288,196
- Taxes -€6,102
down €6,102 (-94.9%), from €6,429 to €327
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 | €1,214,566 | €1,032,239 | -€182,327 | -15.0% |
| Fixed assets | 21/28 | €7,606 | €15,613 | +€8,008 | +105% |
| Tangible fixed assets | 22/27 | €7,606 | €15,613 | +€8,008 | +105% |
| Plant, machinery and equipment | 23 | - | €10,174 | +€10,174 | |
| Furniture and vehicles | 24 | €7,172 | €5,301 | -€1,872 | -26.1% |
| Other tangible fixed assets | 26 | €434 | €138 | -€295 | -68.1% |
| Current assets | 29/58 | €1,206,960 | €1,016,625 | -€190,335 | -15.8% |
| Amounts receivable within one year | 40/41 | €803,574 | €861,753 | +€58,179 | +7.2% |
| Trade receivables | 40 | €597,916 | €668,679 | +€70,763 | +11.8% |
| Other amounts receivable | 41 | €205,658 | €193,074 | -€12,584 | -6.1% |
| Cash at bank and in hand | 54/58 | €403,386 | €152,644 | -€250,742 | -62.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,228 | +€2,228 | |
| Total equity and liabilities | 10/49 | €1,214,566 | €1,032,239 | -€182,327 | -15.0% |
| Equity | 10/15 | €329,721 | €239,902 | -€89,819 | -27.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,721 | €184,902 | -€89,819 | -32.7% |
| Amounts payable | 17/49 | €884,845 | €792,337 | -€92,508 | -10.5% |
| Amounts payable after more than one year | 17 | €26,545 | €17,258 | -€9,287 | -35.0% |
| Financial debts | 170/4 | €26,545 | €17,258 | -€9,287 | -35.0% |
| Amounts payable within one year | 42/48 | €850,802 | €772,076 | -€78,726 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €8,892 | €9,287 | +€396 | +4.4% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €583,789 | €547,803 | -€35,986 | -6.2% |
| Suppliers | 440/4 | €583,789 | €547,803 | -€35,986 | -6.2% |
| Taxes, remuneration and social security | 45 | €58,121 | €14,986 | -€43,135 | -74.2% |
| Taxes | 450/3 | €48,948 | €1,555 | -€47,393 | -96.8% |
| Remuneration and social security | 454/9 | €9,173 | €13,431 | +€4,258 | +46.4% |
| Accrued charges and deferred income | 492/3 | €7,498 | €3,003 | -€4,495 | -60.0% |
| Remuneration, social security and pensions | 62 | €285,079 | €358,888 | +€73,809 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €3,852 | +€897 | +30.3% |
| Other operating charges | 640/8 | €1,905 | €2,769 | +€864 | +45.4% |
| Gross operating margin | 9900 | €324,361 | €288,196 | -€36,166 | -11.1% |
| Operating profit (loss) | 9901 | €34,423 | -€77,313 | -€111,736 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €12,953 | €12,180 | -€773 | -6.0% |
| Recurring financial charges | 65 | €12,953 | €12,180 | -€773 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €21,470 | -€89,492 | -€110,962 | |
| Income taxes | 67/77 | €6,429 | €327 | -€6,102 | -94.9% |
| Profit (loss) for the period | 9904 | €15,042 | -€89,819 | -€104,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,042 | -€89,819 | -€104,861 |
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 19 October 2026 via checked.be.