AQUALIBRI: 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.
AQUALIBRI
Largest movements
- Cash +€49,377
up €49,377 (+54.2%), from €91,094 to €140,472
mainly Other debts (+€43,349) and Net result for the year (+€30,020)
- Receivables within one year -€19,971
down €19,971 (-50.8%), from €39,284 to €19,313
of which Trade receivables: -€19,184
- Tangible fixed assets -€10,743
down €10,743 (-25.2%), from €42,579 to €31,836
of which Furniture and vehicles: -€9,706
- Other debts +€43,349
up €43,349 (+1,876%), from €2,311 to €45,660
- Reserves -€17,881
down €17,881 (-18.8%), from €95,295 to €77,414
- Debts after one year -€8,362
down €8,362 (-30.3%), from €27,614 to €19,252
- Trade debts +€3,497
up €3,497 (+620%), from €564 to €4,061
- Gross operating margin +€9,243
up €9,243 (+17.9%), from €51,702 to €60,945
- Taxes +€4,357
up €4,357 (+47.5%), from €9,173 to €13,530
- Financial charges -€1,807
down €1,807 (-56.7%), from €3,189 to €1,382
of which Non-recurring financial charges: -€1,461
- Other operating charges -€886
down €886 (-70.7%), from €1,252 to €366
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
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 | €173,554 | €192,213 | +€18,660 | +10.8% |
| Fixed assets | 21/28 | €42,604 | €31,861 | -€10,743 | -25.2% |
| Tangible fixed assets | 22/27 | €42,579 | €31,836 | -€10,743 | -25.2% |
| Plant, machinery and equipment | 23 | €3,328 | €2,291 | -€1,036 | -31.1% |
| Furniture and vehicles | 24 | €39,252 | €29,545 | -€9,706 | -24.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €130,949 | €160,352 | +€29,402 | +22.5% |
| Amounts receivable within one year | 40/41 | €39,284 | €19,313 | -€19,971 | -50.8% |
| Trade receivables | 40 | €38,497 | €19,313 | -€19,184 | -49.8% |
| Other amounts receivable | 41 | €787 | - | -€787 | |
| Cash at bank and in hand | 54/58 | €91,094 | €140,472 | +€49,377 | +54.2% |
| Deferred charges and accrued income | 490/1 | €571 | €567 | -€4 | -0.7% |
| Total equity and liabilities | 10/49 | €173,554 | €192,213 | +€18,660 | +10.8% |
| Equity | 10/15 | €119,557 | €100,844 | -€18,713 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,295 | €77,414 | -€17,881 | -18.8% |
| Distributable reserves | 133 | €95,295 | €77,414 | -€17,881 | -18.8% |
| Profit (loss) carried forward | 14 | €18,062 | €17,230 | -€832 | -4.6% |
| Amounts payable | 17/49 | €53,997 | €91,369 | +€37,372 | +69.2% |
| Amounts payable after more than one year | 17 | €27,614 | €19,252 | -€8,362 | -30.3% |
| Financial debts | 170/4 | €27,614 | €19,252 | -€8,362 | -30.3% |
| Amounts payable within one year | 42/48 | €26,383 | €72,117 | +€45,735 | +173% |
| Current portion of amounts payable after more than one year | 42 | €8,049 | €8,362 | +€313 | +3.9% |
| Trade debts | 44 | €564 | €4,061 | +€3,497 | +620% |
| Suppliers | 440/4 | €564 | €4,061 | +€3,497 | +620% |
| Taxes, remuneration and social security | 45 | €15,458 | €14,034 | -€1,424 | -9.2% |
| Taxes | 450/3 | €15,065 | €13,712 | -€1,353 | -9.0% |
| Remuneration and social security | 454/9 | €393 | €322 | -€71 | -18.2% |
| Other amounts payable | 47/48 | €2,311 | €45,660 | +€43,349 | +1,876% |
| Remuneration, social security and pensions | 62 | €4,188 | €4,097 | -€91 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,680 | €11,550 | -€130 | -1.1% |
| Other operating charges | 640/8 | €1,252 | €366 | -€886 | -70.7% |
| Gross operating margin | 9900 | €51,702 | €60,945 | +€9,243 | +17.9% |
| Operating profit (loss) | 9901 | €34,581 | €44,932 | +€10,350 | +29.9% |
| Financial income | 75/76B | €216 | - | -€216 | |
| Recurring financial income | 75 | €216 | - | -€216 | |
| Financial charges | 65/66B | €3,189 | €1,382 | -€1,807 | -56.7% |
| Recurring financial charges | 65 | €1,727 | €1,382 | -€346 | -20.0% |
| Non-recurring financial charges | 66B | €1,461 | - | -€1,461 | |
| Profit (loss) for the period before taxes | 9903 | €31,608 | €43,550 | +€11,942 | +37.8% |
| Income taxes | 67/77 | €9,173 | €13,530 | +€4,357 | +47.5% |
| Profit (loss) for the period | 9904 | €22,436 | €30,020 | +€7,584 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,436 | €30,020 | +€7,584 | +33.8% |
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 13 October 2026 via checked.be.