AQUALAB: 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.
AQUALAB
Largest movements
- Cash -€35,171
down €35,171 (-13.6%), from €259,316 to €224,146
mainly Investment in fixed assets (net) (-€61,814) and Debts after one year (-€24,652)
- Tangible fixed assets +€29,685
up €29,685 (+9.8%), from €303,920 to €333,605
of which Furniture and vehicles: +€50,027
- Receivables within one year +€19,235
up €19,235 (+70.6%), from €27,229 to €46,464
of which Trade receivables: +€22,960
- Debts after one year -€24,652
down €24,652 (-49.1%), from €50,232 to €25,580
- Reserves +€24,491
up €24,491 (+31.2%), from €78,606 to €103,096
of which Distributable reserves: +€36,544
- Tax, wage and social debts +€8,130
up €8,130 (+29.7%), from €27,396 to €35,526
- Gross operating margin -€43,526
down €43,526 (-36.1%), from €120,651 to €77,125
- Taxes -€12,388
down €12,388 (-45.2%), from €27,396 to €15,008
- Depreciation +€8,752
up €8,752 (+37.4%), from €23,376 to €32,129
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 | €591,909 | €605,613 | +€13,704 | +2.3% |
| Fixed assets | 21/28 | €303,920 | €333,605 | +€29,685 | +9.8% |
| Tangible fixed assets | 22/27 | €303,920 | €333,605 | +€29,685 | +9.8% |
| Land and buildings | 22 | €297,404 | €277,062 | -€20,342 | -6.8% |
| Furniture and vehicles | 24 | €6,516 | €56,543 | +€50,027 | +767.8% |
| Current assets | 29/58 | €287,989 | €272,008 | -€15,982 | -5.5% |
| Amounts receivable within one year | 40/41 | €27,229 | €46,464 | +€19,235 | +70.6% |
| Trade receivables | 40 | €23,504 | €46,464 | +€22,960 | +97.7% |
| Other amounts receivable | 41 | €3,725 | - | -€3,725 | |
| Cash at bank and in hand | 54/58 | €259,316 | €224,146 | -€35,171 | -13.6% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,398 | -€46 | -3.2% |
| Total equity and liabilities | 10/49 | €591,909 | €605,613 | +€13,704 | +2.3% |
| Equity | 10/15 | €484,511 | €509,001 | +€24,491 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,606 | €103,096 | +€24,491 | +31.2% |
| Tax-exempt reserves | 132 | €12,054 | - | -€12,054 | |
| Distributable reserves | 133 | €66,552 | €103,096 | +€36,544 | +54.9% |
| Profit (loss) carried forward | 14 | €387,305 | €387,305 | = | 0.0% |
| Amounts payable | 17/49 | €107,399 | €96,612 | -€10,787 | -10.0% |
| Amounts payable after more than one year | 17 | €50,232 | €25,580 | -€24,652 | -49.1% |
| Financial debts | 170/4 | €50,232 | €25,580 | -€24,652 | -49.1% |
| Amounts payable within one year | 42/48 | €57,166 | €71,032 | +€13,865 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €23,758 | €24,652 | +€894 | +3.8% |
| Trade debts | 44 | - | €3,294 | +€3,294 | |
| Suppliers | 440/4 | - | €3,294 | +€3,294 | |
| Taxes, remuneration and social security | 45 | €27,396 | €35,526 | +€8,130 | +29.7% |
| Taxes | 450/3 | €27,396 | €35,526 | +€8,130 | +29.7% |
| Other amounts payable | 47/48 | €6,012 | €7,559 | +€1,547 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,376 | €32,129 | +€8,752 | +37.4% |
| Other operating charges | 640/8 | €1,654 | €2,844 | +€1,191 | +72.0% |
| Gross operating margin | 9900 | €120,651 | €77,125 | -€43,526 | -36.1% |
| Operating profit (loss) | 9901 | €95,621 | €42,152 | -€53,469 | -55.9% |
| Financial charges | 65/66B | €3,533 | €2,654 | -€880 | -24.9% |
| Recurring financial charges | 65 | €3,533 | €2,654 | -€880 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €92,088 | €39,499 | -€52,590 | -57.1% |
| Income taxes | 67/77 | €27,396 | €15,008 | -€12,388 | -45.2% |
| Profit (loss) for the period | 9904 | €64,692 | €24,491 | -€40,201 | -62.1% |
| Transfer from tax-exempt reserves | 789 | - | €12,054 | +€12,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,692 | €36,544 | -€28,148 | -43.5% |
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 11 October 2026 via checked.be.