AQUADRAAT ENGINEERING: 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 ENGINEERING
Largest movements
- Receivables within one year +€150,313
up €150,313 (+114%), from €132,267 to €282,580
of which Trade receivables: +€129,833
- Cash +€16,607
up €16,607 (+118%), from €14,103 to €30,710
mainly Net result for the year (+€77,629) and Trade debts (+€26,042)
- Intangible fixed assets -€11,147
down €11,147 (-37.6%), from €29,627 to €18,481
- Deferred charges and accrued income -€4,432
down €4,432 (-28.3%), from €15,657 to €11,225
- Profit (loss) carried forward +€77,629
up €77,629 (+390%), from €19,911 to €97,540
- Trade debts +€26,042
up €26,042 (+23.4%), from €111,362 to €137,404
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€23,811
up €23,811 (+56.0%), from €42,531 to €66,342
of which Remuneration and social security: +€24,561
- Gross operating margin +€368,282
up €368,282 (+113%), from €326,349 to €694,631
- Staff costs +€183,272
up €183,272 (+44.7%), from €410,025 to €593,298
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 | €195,803 | €348,285 | +€152,483 | +77.9% |
| Fixed assets | 21/28 | €33,775 | €23,771 | -€10,005 | -29.6% |
| Intangible fixed assets | 21 | €29,627 | €18,481 | -€11,147 | -37.6% |
| Tangible fixed assets | 22/27 | €4,148 | €5,290 | +€1,142 | +27.5% |
| Plant, machinery and equipment | 23 | €2,342 | €4,103 | +€1,761 | +75.2% |
| Furniture and vehicles | 24 | €1,807 | €1,188 | -€619 | -34.3% |
| Current assets | 29/58 | €162,027 | €324,514 | +€162,487 | +100% |
| Amounts receivable within one year | 40/41 | €132,267 | €282,580 | +€150,313 | +114% |
| Trade receivables | 40 | €118,184 | €248,017 | +€129,833 | +110% |
| Other amounts receivable | 41 | €14,083 | €34,563 | +€20,479 | +145% |
| Cash at bank and in hand | 54/58 | €14,103 | €30,710 | +€16,607 | +118% |
| Deferred charges and accrued income | 490/1 | €15,657 | €11,225 | -€4,432 | -28.3% |
| Total equity and liabilities | 10/49 | €195,803 | €348,285 | +€152,483 | +77.9% |
| Equity | 10/15 | €41,911 | €119,540 | +€77,629 | +185% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,911 | €97,540 | +€77,629 | +390% |
| Amounts payable | 17/49 | €153,892 | €228,745 | +€74,853 | +48.6% |
| Amounts payable within one year | 42/48 | €153,892 | €228,745 | +€74,853 | +48.6% |
| Trade debts | 44 | €111,362 | €137,404 | +€26,042 | +23.4% |
| Suppliers | 440/4 | €111,362 | €137,404 | +€26,042 | +23.4% |
| Taxes, remuneration and social security | 45 | €42,531 | €66,342 | +€23,811 | +56.0% |
| Taxes | 450/3 | €750 | €0 | -€750 | -100% |
| Remuneration and social security | 454/9 | €41,781 | €66,342 | +€24,561 | +58.8% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €410,025 | €593,298 | +€183,272 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,726 | €12,139 | -€2,587 | -17.6% |
| Other operating charges | 640/8 | €5,148 | €6,968 | +€1,820 | +35.4% |
| Gross operating margin | 9900 | €326,349 | €694,631 | +€368,282 | +113% |
| Operating profit (loss) | 9901 | -€103,550 | €82,227 | +€185,777 | |
| Financial income | 75/76B | €38 | €0 | -€38 | -100% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -100% |
| Financial charges | 65/66B | €3,922 | €4,018 | +€96 | +2.4% |
| Recurring financial charges | 65 | €3,922 | €4,018 | +€96 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€107,435 | €78,209 | +€185,643 | |
| Income taxes | 67/77 | €704 | €580 | -€124 | -17.7% |
| Profit (loss) for the period | 9904 | -€108,139 | €77,629 | +€185,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108,139 | €77,629 | +€185,768 |
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 21 October 2026 via checked.be.