AQUAHEATING: 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.
AQUAHEATING
Largest movements
- Receivables within one year +€115,045
up €115,045 (+446%), from €25,780 to €140,825
of which Trade receivables: +€105,938
- Other debts +€84,780
up €84,780 (+204%), from €41,636 to €126,417
- Trade debts +€16,466
up €16,466 (+205%), from €8,038 to €24,504
- Tax, wage and social debts +€4,836
up €4,836 (+208%), from €2,325 to €7,161
- Gross operating margin -€4,934
down €4,934 (-37.9%), from €13,021 to €8,087
- Taxes -€1,100
down €1,100 (-47.3%), from €2,325 to €1,224
- Other operating charges +€742
up €742 (+563%), from €132 to €874
- Depreciation -€612
down €612 (-18.3%), from €3,337 to €2,725
- Financial charges -€184
down €184 (-21.8%), from €843 to €659
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,169 | €262,307 | +€111,138 | +73.5% |
| Fixed assets | 21/28 | €124,961 | €121,482 | -€3,479 | -2.8% |
| Intangible fixed assets | 21 | €37,125 | €34,650 | -€2,475 | -6.7% |
| Tangible fixed assets | 22/27 | €87,661 | €86,657 | -€1,004 | -1.1% |
| Land and buildings | 22 | €84,506 | €84,506 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,905 | €2,151 | -€754 | -26.0% |
| Furniture and vehicles | 24 | €250 | €0 | -€250 | -100.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €26,208 | €140,825 | +€114,618 | +437% |
| Amounts receivable within one year | 40/41 | €25,780 | €140,825 | +€115,045 | +446% |
| Trade receivables | 40 | €19,545 | €125,483 | +€105,938 | +542% |
| Other amounts receivable | 41 | €6,235 | €15,342 | +€9,107 | +146% |
| Deferred charges and accrued income | 490/1 | €428 | - | -€428 | |
| Total equity and liabilities | 10/49 | €151,169 | €262,307 | +€111,138 | +73.5% |
| Equity | 10/15 | €99,169 | €101,775 | +€2,605 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,760 | €10,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,900 | €8,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,809 | €72,415 | +€2,605 | +3.7% |
| Amounts payable | 17/49 | €51,999 | €160,532 | +€108,533 | +209% |
| Amounts payable within one year | 42/48 | €51,999 | €160,532 | +€108,533 | +209% |
| Financial debts | 43 | - | €2,451 | +€2,451 | |
| Credit institutions | 430/8 | - | €2,451 | +€2,451 | |
| Trade debts | 44 | €8,038 | €24,504 | +€16,466 | +205% |
| Suppliers | 440/4 | €8,038 | €24,504 | +€16,466 | +205% |
| Taxes, remuneration and social security | 45 | €2,325 | €7,161 | +€4,836 | +208% |
| Taxes | 450/3 | €2,325 | €7,161 | +€4,836 | +208% |
| Other amounts payable | 47/48 | €41,636 | €126,417 | +€84,780 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,337 | €2,725 | -€612 | -18.3% |
| Other operating charges | 640/8 | €132 | €874 | +€742 | +563% |
| Gross operating margin | 9900 | €13,021 | €8,087 | -€4,934 | -37.9% |
| Operating profit (loss) | 9901 | €9,552 | €4,488 | -€5,064 | -53.0% |
| Financial income | 75/76B | €1 | €1 | -€0 | -47.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -47.4% |
| Financial charges | 65/66B | €843 | €659 | -€184 | -21.8% |
| Recurring financial charges | 65 | €843 | €659 | -€184 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €8,710 | €3,830 | -€4,881 | -56.0% |
| Income taxes | 67/77 | €2,325 | €1,224 | -€1,100 | -47.3% |
| Profit (loss) for the period | 9904 | €6,386 | €2,605 | -€3,780 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,386 | €2,605 | -€3,780 | -59.2% |
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 13 October 2026 via checked.be.