AQUALEC: 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.
AQUALEC
Largest movements
- Cash +€27,620
up €27,620 (+589%), from €4,689 to €32,309
mainly Net result for the year (+€60,377) and Other debts (+€11,283)
- Receivables within one year +€19,288
up €19,288 (+54.0%), from €35,712 to €55,000
of which Trade receivables: +€24,288
- Tangible fixed assets -€5,511
down €5,511 (-32.7%), from €16,835 to €11,324
- Profit (loss) carried forward +€50,377
up €50,377 (+114%), from €44,143 to €94,519
- Debts after one year -€28,961
down €28,961 (-23.2%), from €125,082 to €96,121
- Other debts +€11,283
up €11,283 (+62.5%), from €18,048 to €29,330
- Tax, wage and social debts +€8,670
up €8,670 (+52.0%), from €16,664 to €25,334
of which Taxes: +€11,170
- Gross operating margin +€4,684
up €4,684 (+5.8%), from €80,670 to €85,353
- Depreciation -€4,411
down €4,411 (-44.5%), from €9,922 to €5,511
- Taxes +€2,540
up €2,540 (+18.5%), from €13,711 to €16,251
- Financial charges -€2,144
down €2,144 (-39.1%), from €5,480 to €3,336
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,236 | €299,296 | +€42,061 | +16.4% |
| Fixed assets | 21/28 | €216,835 | €211,324 | -€5,511 | -2.5% |
| Tangible fixed assets | 22/27 | €16,835 | €11,324 | -€5,511 | -32.7% |
| Furniture and vehicles | 24 | €16,835 | €11,324 | -€5,511 | -32.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €40,401 | €87,973 | +€47,572 | +118% |
| Amounts receivable within one year | 40/41 | €35,712 | €55,000 | +€19,288 | +54.0% |
| Trade receivables | 40 | €30,712 | €55,000 | +€24,288 | +79.1% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €4,689 | €32,309 | +€27,620 | +589% |
| Deferred charges and accrued income | 490/1 | - | €664 | +€664 | |
| Total equity and liabilities | 10/49 | €257,236 | €299,296 | +€42,061 | +16.4% |
| Equity | 10/15 | €69,143 | €119,519 | +€50,377 | +72.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,143 | €94,519 | +€50,377 | +114% |
| Amounts payable | 17/49 | €188,093 | €179,777 | -€8,316 | -4.4% |
| Amounts payable after more than one year | 17 | €125,082 | €96,121 | -€28,961 | -23.2% |
| Financial debts | 170/4 | €125,082 | €96,121 | -€28,961 | -23.2% |
| Amounts payable within one year | 42/48 | €63,011 | €83,656 | +€20,645 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €28,300 | €28,961 | +€662 | +2.3% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €16,664 | €25,334 | +€8,670 | +52.0% |
| Taxes | 450/3 | €14,164 | €25,334 | +€11,170 | +78.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €18,048 | €29,330 | +€11,283 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,922 | €5,511 | -€4,411 | -44.5% |
| Other operating charges | 640/8 | €264 | €240 | -€24 | -9.2% |
| Gross operating margin | 9900 | €80,670 | €85,353 | +€4,684 | +5.8% |
| Operating profit (loss) | 9901 | €70,484 | €79,602 | +€9,119 | +12.9% |
| Financial income | 75/76B | - | €361 | +€361 | |
| Recurring financial income | 75 | - | €361 | +€361 | |
| Non-recurring financial income | 76B | - | €361 | +€361 | |
| Financial charges | 65/66B | €5,480 | €3,336 | -€2,144 | -39.1% |
| Recurring financial charges | 65 | €5,480 | €3,336 | -€2,144 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €65,004 | €76,628 | +€11,624 | +17.9% |
| Income taxes | 67/77 | €13,711 | €16,251 | +€2,540 | +18.5% |
| Profit (loss) for the period | 9904 | €51,293 | €60,377 | +€9,084 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,293 | €60,377 | +€9,084 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.