Aquaductia: 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.
Aquaductia
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year +€99,342
up €99,342 (+360.6%), from €27,552 to €126,894
of which Other amounts receivable: +€116,276
- Tangible fixed assets -€31,514
down €31,514 (-3.0%), from €1.0m to €1.0m
of which Land and buildings: -€20,400
- Profit (loss) carried forward +€126,265
up €126,265, from -€77,410 to €48,855
- Reserves -€125,000
down €125,000 (-84.2%), from €148,383 to €23,383
of which Non-distributable reserves: -€125,000
- Other debts -€67,550
down €67,550 (-51.5%), from €131,200 to €63,650
- Current portion of long-term debt +€45,607
up €45,607 (+93.1%), from €49,011 to €94,618
- Debts after one year -€22,753
down €22,753 (-2.9%), from €789,839 to €767,086
- Gross operating margin -€28,540
down €28,540 (-19.2%), from €148,585 to €120,045
- Staff costs -€14,611
down €14,611 (-32.8%), from €44,506 to €29,895
- Financial charges +€13,297
up €13,297 (+54.2%), from €24,547 to €37,844
- Write-downs -€4,708
down €4,708, from €3,965 to -€743
- Depreciation -€2,228
down €2,228 (-5.0%), from €44,805 to €42,577
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 | €1,221,671 | €1,166,952 | -€54,719 | -4.5% |
| Fixed assets | 21/28 | €1,039,854 | €1,008,340 | -€31,514 | -3.0% |
| Tangible fixed assets | 22/27 | €1,039,854 | €1,008,340 | -€31,514 | -3.0% |
| Land and buildings | 22 | €1,023,432 | €1,003,032 | -€20,400 | -2.0% |
| Plant, machinery and equipment | 23 | - | €1,063 | +€1,063 | |
| Leasing and similar rights | 25 | €16,422 | €4,245 | -€12,177 | -74.2% |
| Current assets | 29/58 | €181,817 | €158,612 | -€23,205 | -12.8% |
| Amounts receivable within one year | 40/41 | €27,552 | €126,894 | +€99,342 | +360.6% |
| Trade receivables | 40 | €25,326 | €8,392 | -€16,934 | -66.9% |
| Other amounts receivable | 41 | €2,226 | €118,502 | +€116,276 | +5223.5% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €26,760 | €28,978 | +€2,218 | +8.3% |
| Deferred charges and accrued income | 490/1 | €2,505 | €2,740 | +€235 | +9.4% |
| Total equity and liabilities | 10/49 | €1,221,671 | €1,166,952 | -€54,719 | -4.5% |
| Equity | 10/15 | €191,433 | €192,698 | +€1,265 | +0.7% |
| Contributions | 10/11 | €120,460 | €120,460 | = | 0.0% |
| Reserves | 13 | €148,383 | €23,383 | -€125,000 | -84.2% |
| Non-distributable reserves | 130/1 | €125,000 | - | -€125,000 | |
| Reserves not available under the articles | 1311 | €125,000 | - | -€125,000 | |
| Distributable reserves | 133 | €23,383 | €23,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,410 | €48,855 | +€126,265 | |
| Amounts payable | 17/49 | €1,030,238 | €974,254 | -€55,984 | -5.4% |
| Amounts payable after more than one year | 17 | €789,839 | €767,086 | -€22,753 | -2.9% |
| Financial debts | 170/4 | €789,839 | €767,086 | -€22,753 | -2.9% |
| Amounts payable within one year | 42/48 | €231,419 | €190,527 | -€40,892 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €49,011 | €94,618 | +€45,607 | +93.1% |
| Trade debts | 44 | €25,826 | €5,514 | -€20,312 | -78.6% |
| Suppliers | 440/4 | €25,826 | €5,514 | -€20,312 | -78.6% |
| Advances received on contracts in progress | 46 | €19,532 | €23,247 | +€3,715 | +19.0% |
| Taxes, remuneration and social security | 45 | €5,850 | €3,498 | -€2,352 | -40.2% |
| Taxes | 450/3 | €2,603 | €3,178 | +€575 | +22.1% |
| Remuneration and social security | 454/9 | €3,247 | €320 | -€2,927 | -90.1% |
| Other amounts payable | 47/48 | €131,200 | €63,650 | -€67,550 | -51.5% |
| Accrued charges and deferred income | 492/3 | €8,980 | €16,641 | +€7,661 | +85.3% |
| Remuneration, social security and pensions | 62 | €44,506 | €29,895 | -€14,611 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,805 | €42,577 | -€2,228 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,965 | -€743 | -€4,708 | |
| Other operating charges | 640/8 | €4,776 | €6,025 | +€1,249 | +26.2% |
| Gross operating margin | 9900 | €148,585 | €120,045 | -€28,540 | -19.2% |
| Operating profit (loss) | 9901 | €50,533 | €42,291 | -€8,242 | -16.3% |
| Financial charges | 65/66B | €24,547 | €37,844 | +€13,297 | +54.2% |
| Recurring financial charges | 65 | €24,547 | €37,844 | +€13,297 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €25,986 | €4,447 | -€21,539 | -82.9% |
| Income taxes | 67/77 | €2,603 | €3,182 | +€579 | +22.2% |
| Profit (loss) for the period | 9904 | €23,383 | €1,265 | -€22,118 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,383 | €1,265 | -€22,118 | -94.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.