AQUADRILL: 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.
AQUADRILL
Largest movements
- Cash +€181,618
up €181,618 (+116%), from €156,142 to €337,759
mainly Net result for the year (+€649,914) and Depreciation (+€98,693)
- Current investments +€147,179
up €147,179 (+8.5%), from €1.7m to €1.9m
- Receivables within one year +€112,880
up €112,880 (+38.4%), from €293,840 to €406,720
of which Trade receivables: +€113,245
- Tangible fixed assets -€98,693
down €98,693 (-13.3%), from €743,950 to €645,257
of which Land and buildings: -€74,433
- Reserves +€349,914
up €349,914 (+13.5%), from €2.6m to €2.9m
of which Distributable reserves: +€349,914
- Tax, wage and social debts +€60,257
up €60,257 (+79.1%), from €76,177 to €136,434
of which Taxes: +€56,758
- Debts after one year -€42,091
down €42,091 (-22.3%), from €189,093 to €147,003
- Short-term financial debts -€38,840
down €38,840 (-100%), from €38,840 to €0
- Financial income +€64,421
up €64,421 (+21.5%), from €299,275 to €363,696
- Gross operating margin +€63,913
up €63,913 (+12.1%), from €529,949 to €593,862
- Taxes +€28,888
up €28,888 (+18.4%), from €156,664 to €185,551
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 | €3,235,245 | €3,603,073 | +€367,828 | +11.4% |
| Fixed assets | 21/28 | €1,028,643 | €929,950 | -€98,693 | -9.6% |
| Tangible fixed assets | 22/27 | €743,950 | €645,257 | -€98,693 | -13.3% |
| Land and buildings | 22 | €694,660 | €620,227 | -€74,433 | -10.7% |
| Other tangible fixed assets | 26 | €49,290 | €25,030 | -€24,260 | -49.2% |
| Financial fixed assets | 28 | €284,693 | €284,693 | = | 0.0% |
| Current assets | 29/58 | €2,206,602 | €2,673,122 | +€466,520 | +21.1% |
| Amounts receivable within one year | 40/41 | €293,840 | €406,720 | +€112,880 | +38.4% |
| Trade receivables | 40 | €293,401 | €406,645 | +€113,245 | +38.6% |
| Other amounts receivable | 41 | €440 | €75 | -€365 | -83.0% |
| Current investments | 50/53 | €1,733,120 | €1,880,299 | +€147,179 | +8.5% |
| Cash at bank and in hand | 54/58 | €156,142 | €337,759 | +€181,618 | +116% |
| Deferred charges and accrued income | 490/1 | €23,500 | €48,343 | +€24,843 | +106% |
| Total equity and liabilities | 10/49 | €3,235,245 | €3,603,073 | +€367,828 | +11.4% |
| Equity | 10/15 | €2,870,544 | €3,220,457 | +€349,914 | +12.2% |
| Contributions | 10/11 | €275,162 | €275,162 | = | 0.0% |
| Capital | 10 | €275,162 | €275,162 | = | 0.0% |
| Issued capital | 100 | €275,162 | €275,162 | = | 0.0% |
| Reserves | 13 | €2,595,382 | €2,945,296 | +€349,914 | +13.5% |
| Non-distributable reserves | 130/1 | €27,516 | €27,516 | = | 0.0% |
| Legal reserve | 130 | €27,516 | €27,516 | = | 0.0% |
| Distributable reserves | 133 | €2,567,866 | €2,917,779 | +€349,914 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €364,701 | €382,615 | +€17,914 | +4.9% |
| Amounts payable after more than one year | 17 | €189,093 | €147,003 | -€42,091 | -22.3% |
| Financial debts | 170/4 | €189,093 | €147,003 | -€42,091 | -22.3% |
| Amounts payable within one year | 42/48 | €175,608 | €235,612 | +€60,005 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €41,675 | €42,091 | +€416 | +1.0% |
| Financial debts | 43 | €38,840 | €0 | -€38,840 | -100% |
| Credit institutions | 430/8 | €38,840 | €0 | -€38,840 | -100% |
| Trade debts | 44 | €8,513 | €40,442 | +€31,929 | +375% |
| Suppliers | 440/4 | €8,513 | €40,442 | +€31,929 | +375% |
| Taxes, remuneration and social security | 45 | €76,177 | €136,434 | +€60,257 | +79.1% |
| Taxes | 450/3 | €76,177 | €132,935 | +€56,758 | +74.5% |
| Remuneration and social security | 454/9 | €0 | €3,499 | +€3,499 | |
| Other amounts payable | 47/48 | €10,403 | €16,646 | +€6,243 | +60.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,351 | €98,693 | +€2,342 | +2.4% |
| Other operating charges | 640/8 | €16,803 | €17,622 | +€819 | +4.9% |
| Gross operating margin | 9900 | €529,949 | €593,862 | +€63,913 | +12.1% |
| Operating profit (loss) | 9901 | €416,795 | €477,547 | +€60,752 | +14.6% |
| Financial income | 75/76B | €299,275 | €363,696 | +€64,421 | +21.5% |
| Recurring financial income | 75 | €299,275 | €363,696 | +€64,421 | +21.5% |
| Financial charges | 65/66B | €8,269 | €5,778 | -€2,491 | -30.1% |
| Recurring financial charges | 65 | €8,269 | €5,778 | -€2,491 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €707,801 | €835,465 | +€127,664 | +18.0% |
| Income taxes | 67/77 | €156,664 | €185,551 | +€28,888 | +18.4% |
| Profit (loss) for the period | 9904 | €551,137 | €649,914 | +€98,776 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €551,137 | €649,914 | +€98,776 | +17.9% |
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 14 October 2026 via checked.be.