AQUADRI: what changed
Two fiscal 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.
AQUADRI
Largest movements
- Cash +€25,023
up €25,023 (+91.9%), from €27,218 to €52,242
mainly Depreciation (+€41,032) and Net result for the year (+€10,767)
- Stocks and contracts +€9,268
up €9,268 (+11.4%), from €81,140 to €90,408
of which Stocks: +€9,268
- Current investments -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Tangible fixed assets +€4,457
up €4,457 (+6.0%), from €74,663 to €79,120
of which Plant, machinery and equipment: +€20,863
- Receivables within one year +€4,042
up €4,042 (+98.2%), from €4,118 to €8,160
of which Other amounts receivable: +€3,213
- Reserves +€10,767
up €10,767 (+10.4%), from €103,721 to €114,488
- Other debts +€10,066
up €10,066 (+49.3%), from €20,423 to €30,490
- Debts after one year +€9,385
up €9,385 (+16.4%), from €57,293 to €66,678
- Tax, wage and social debts +€9,212
up €9,212 (+4499.9%), from €205 to €9,416
- Trade debts -€3,126
down €3,126 (-43.4%), from €7,195 to €4,070
- Depreciation +€3,500
up €3,500 (+9.3%), from €37,532 to €41,032
- Taxes -€2,187
down €2,187 (-44.4%), from €4,923 to €2,736
- Gross operating margin +€2,141
up €2,141 (+3.7%), from €58,550 to €60,691
- Financial income +€991
up €991 (+1805.9%), from €55 to €1,046
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.
Cash bridge derived
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 | €218,164 | €256,746 | +€38,582 | +17.7% |
| Fixed assets | 21/28 | €80,688 | €84,284 | +€3,596 | +4.5% |
| Intangible fixed assets | 21 | €6,025 | €5,164 | -€861 | -14.3% |
| Tangible fixed assets | 22/27 | €74,663 | €79,120 | +€4,457 | +6.0% |
| Land and buildings | 22 | €22,768 | €15,208 | -€7,560 | -33.2% |
| Plant, machinery and equipment | 23 | €38,149 | €59,012 | +€20,863 | +54.7% |
| Furniture and vehicles | 24 | €13,746 | €4,900 | -€8,847 | -64.4% |
| Current assets | 29/58 | €137,476 | €172,462 | +€34,986 | +25.4% |
| Stocks and contracts in progress | 3 | €81,140 | €90,408 | +€9,268 | +11.4% |
| Stocks | 30/36 | €81,140 | €90,408 | +€9,268 | +11.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,118 | €8,160 | +€4,042 | +98.2% |
| Trade receivables | 40 | €394 | €1,224 | +€830 | +210.5% |
| Other amounts receivable | 41 | €3,724 | €6,937 | +€3,213 | +86.3% |
| Current investments | 50/53 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €27,218 | €52,242 | +€25,023 | +91.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,652 | +€1,652 | |
| Total equity and liabilities | 10/49 | €218,164 | €256,746 | +€38,582 | +17.7% |
| Equity | 10/15 | €113,721 | €124,488 | +€10,767 | +9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,721 | €114,488 | +€10,767 | +10.4% |
| Distributable reserves | 133 | €103,721 | €114,488 | +€10,767 | +10.4% |
| Amounts payable | 17/49 | €104,444 | €132,259 | +€27,815 | +26.6% |
| Amounts payable after more than one year | 17 | €57,293 | €66,678 | +€9,385 | +16.4% |
| Financial debts | 170/4 | €57,293 | €66,678 | +€9,385 | +16.4% |
| Amounts payable within one year | 42/48 | €44,258 | €62,301 | +€18,043 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €16,435 | €18,325 | +€1,890 | +11.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,195 | €4,070 | -€3,126 | -43.4% |
| Suppliers | 440/4 | €7,195 | €4,070 | -€3,126 | -43.4% |
| Taxes, remuneration and social security | 45 | €205 | €9,416 | +€9,212 | +4499.9% |
| Taxes | 450/3 | €205 | €9,416 | +€9,212 | +4499.9% |
| Other amounts payable | 47/48 | €20,423 | €30,490 | +€10,066 | +49.3% |
| Accrued charges and deferred income | 492/3 | €2,892 | €3,280 | +€387 | +13.4% |
| Remuneration, social security and pensions | 62 | €0 | €294 | +€294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,532 | €41,032 | +€3,500 | +9.3% |
| Other operating charges | 640/8 | €1,514 | €1,499 | -€16 | -1.0% |
| Gross operating margin | 9900 | €58,550 | €60,691 | +€2,141 | +3.7% |
| Operating profit (loss) | 9901 | €19,503 | €17,867 | -€1,636 | -8.4% |
| Financial income | 75/76B | €55 | €1,046 | +€991 | +1805.9% |
| Recurring financial income | 75 | €55 | €1,046 | +€991 | +1805.9% |
| Financial charges | 65/66B | €5,692 | €5,410 | -€282 | -5.0% |
| Recurring financial charges | 65 | €5,219 | €5,368 | +€149 | +2.9% |
| Non-recurring financial charges | 66B | €473 | €42 | -€431 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €13,866 | €13,502 | -€363 | -2.6% |
| Income taxes | 67/77 | €4,923 | €2,736 | -€2,187 | -44.4% |
| Profit (loss) for the period | 9904 | €8,943 | €10,767 | +€1,824 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,943 | €10,767 | +€1,824 | +20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.