AQUALAIN: 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.
AQUALAIN
Largest movements
- Cash +€15,457
up €15,457 (+91.9%), from €16,815 to €32,272
mainly Receivables within one year (+€7,611) and Net result for the year (+€7,079)
- Receivables within one year -€7,611
down €7,611 (-53.4%), from €14,243 to €6,633
of which Trade receivables: -€6,060
- Reserves +€7,079
up €7,079 (+43.1%), from €16,418 to €23,497
- Trade debts +€697
up €697 (+79.6%), from €876 to €1,574
- Gross operating margin -€10,321
down €10,321 (-53.6%), from €19,246 to €8,926
- Depreciation -€8,296
down €8,296 (-98.5%), from €8,420 to €124
- Taxes +€708
new in 2025: €708
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 | €37,820 | €46,275 | +€8,455 | +22.4% |
| Fixed assets | 21/28 | €162 | €38 | -€124 | -76.6% |
| Tangible fixed assets | 22/27 | €157 | €33 | -€124 | -79.0% |
| Furniture and vehicles | 24 | €157 | €33 | -€124 | -79.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €37,659 | €46,237 | +€8,578 | +22.8% |
| Stocks and contracts in progress | 3 | €5,870 | €6,222 | +€352 | +6.0% |
| Stocks | 30/36 | €5,870 | €6,222 | +€352 | +6.0% |
| Amounts receivable within one year | 40/41 | €14,243 | €6,633 | -€7,611 | -53.4% |
| Trade receivables | 40 | €12,364 | €6,304 | -€6,060 | -49.0% |
| Other amounts receivable | 41 | €1,879 | €329 | -€1,550 | -82.5% |
| Cash at bank and in hand | 54/58 | €16,815 | €32,272 | +€15,457 | +91.9% |
| Deferred charges and accrued income | 490/1 | €730 | €1,110 | +€380 | +52.0% |
| Total equity and liabilities | 10/49 | €37,820 | €46,275 | +€8,455 | +22.4% |
| Equity | 10/15 | €28,818 | €35,897 | +€7,079 | +24.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,418 | €23,497 | +€7,079 | +43.1% |
| Distributable reserves | 133 | €16,418 | €23,497 | +€7,079 | +43.1% |
| Amounts payable | 17/49 | €9,003 | €10,379 | +€1,376 | +15.3% |
| Amounts payable within one year | 42/48 | €8,796 | €9,885 | +€1,090 | +12.4% |
| Trade debts | 44 | €876 | €1,574 | +€697 | +79.6% |
| Suppliers | 440/4 | €876 | €1,574 | +€697 | +79.6% |
| Taxes, remuneration and social security | 45 | €2,856 | €3,125 | +€269 | +9.4% |
| Taxes | 450/3 | €13 | €708 | +€695 | +5563.0% |
| Remuneration and social security | 454/9 | €2,844 | €2,417 | -€426 | -15.0% |
| Other amounts payable | 47/48 | €5,064 | €5,187 | +€123 | +2.4% |
| Accrued charges and deferred income | 492/3 | €207 | €493 | +€286 | +138.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,420 | €124 | -€8,296 | -98.5% |
| Other operating charges | 640/8 | €833 | €964 | +€130 | +15.6% |
| Gross operating margin | 9900 | €19,246 | €8,926 | -€10,321 | -53.6% |
| Operating profit (loss) | 9901 | €9,993 | €7,839 | -€2,155 | -21.6% |
| Financial income | 75/76B | €86 | €1 | -€85 | -98.7% |
| Recurring financial income | 75 | €86 | €1 | -€85 | -98.7% |
| Financial charges | 65/66B | €79 | €53 | -€26 | -32.8% |
| Recurring financial charges | 65 | €79 | €53 | -€26 | -32.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €10,000 | €7,787 | -€2,214 | -22.1% |
| Income taxes | 67/77 | - | €708 | +€708 | |
| Profit (loss) for the period | 9904 | €10,000 | €7,079 | -€2,922 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,000 | €7,079 | -€2,922 | -29.2% |
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 7 October 2026 via checked.be.