AQUALICE: 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.
AQUALICE
Largest movements
- Cash +€17,413
up €17,413 (+69.0%), from €25,234 to €42,647
mainly Receivables within one year (+€14,938) and Depreciation (+€13,188)
- Stocks and contracts +€15,262
up €15,262 (+1094.6%), from €1,394 to €16,656
- Receivables within one year -€14,938
down €14,938 (-41.0%), from €36,454 to €21,516
of which Trade receivables: -€13,525
- Debts after one year -€16,219
down €16,219 (-5.0%), from €327,177 to €310,958
- Reserves +€10,000
up €10,000 (+24.5%), from €40,860 to €50,860
of which Distributable reserves: +€10,000
- Other debts +€9,492
up €9,492 (+119.6%), from €7,937 to €17,429
- Tax, wage and social debts +€6,390
up €6,390 (+40.0%), from €15,957 to €22,347
of which Taxes: +€4,517
- Gross operating margin -€28,159
down €28,159 (-27.9%), from €100,969 to €72,810
- Staff costs -€17,212
down €17,212 (-41.6%), from €41,332 to €24,120
- Taxes -€2,024
down €2,024 (-21.5%), from €9,412 to €7,388
- Financial income +€1,862
up €1,862 (+111.8%), from €1,665 to €3,527
- Depreciation +€1,550
up €1,550 (+13.3%), from €11,638 to €13,188
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 | €440,515 | €450,505 | +€9,990 | +2.3% |
| Fixed assets | 21/28 | €356,277 | €352,930 | -€3,346 | -0.9% |
| Tangible fixed assets | 22/27 | €356,029 | €352,682 | -€3,346 | -0.9% |
| Land and buildings | 22 | €345,857 | €336,973 | -€8,885 | -2.6% |
| Plant, machinery and equipment | 23 | €38 | €0 | -€38 | -100.0% |
| Furniture and vehicles | 24 | €10,133 | €15,710 | +€5,576 | +55.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €84,238 | €97,574 | +€13,336 | +15.8% |
| Stocks and contracts in progress | 3 | €1,394 | €16,656 | +€15,262 | +1094.6% |
| Stocks | 30/36 | €1,394 | €16,656 | +€15,262 | +1094.6% |
| Amounts receivable within one year | 40/41 | €36,454 | €21,516 | -€14,938 | -41.0% |
| Trade receivables | 40 | €32,314 | €18,788 | -€13,525 | -41.9% |
| Other amounts receivable | 41 | €4,140 | €2,728 | -€1,412 | -34.1% |
| Cash at bank and in hand | 54/58 | €25,234 | €42,647 | +€17,413 | +69.0% |
| Deferred charges and accrued income | 490/1 | €21,156 | €16,755 | -€4,401 | -20.8% |
| Total equity and liabilities | 10/49 | €440,515 | €450,505 | +€9,990 | +2.3% |
| Equity | 10/15 | €62,968 | €74,975 | +€12,006 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,860 | €50,860 | +€10,000 | +24.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €49,000 | +€10,000 | +25.6% |
| Profit (loss) carried forward | 14 | €15,908 | €17,915 | +€2,006 | +12.6% |
| Amounts payable | 17/49 | €377,547 | €375,530 | -€2,017 | -0.5% |
| Amounts payable after more than one year | 17 | €327,177 | €310,958 | -€16,219 | -5.0% |
| Financial debts | 170/4 | €327,177 | €310,958 | -€16,219 | -5.0% |
| Amounts payable within one year | 42/48 | €48,114 | €62,072 | +€13,958 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €17,651 | €19,752 | +€2,100 | +11.9% |
| Trade debts | 44 | €6,569 | €2,545 | -€4,024 | -61.3% |
| Suppliers | 440/4 | €6,569 | €2,545 | -€4,024 | -61.3% |
| Taxes, remuneration and social security | 45 | €15,957 | €22,347 | +€6,390 | +40.0% |
| Taxes | 450/3 | €11,683 | €16,201 | +€4,517 | +38.7% |
| Remuneration and social security | 454/9 | €4,274 | €6,146 | +€1,872 | +43.8% |
| Other amounts payable | 47/48 | €7,937 | €17,429 | +€9,492 | +119.6% |
| Accrued charges and deferred income | 492/3 | €2,256 | €2,500 | +€244 | +10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €41,332 | €24,120 | -€17,212 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,638 | €13,188 | +€1,550 | +13.3% |
| Other operating charges | 640/8 | €2,184 | €3,221 | +€1,037 | +47.5% |
| Gross operating margin | 9900 | €100,969 | €72,810 | -€28,159 | -27.9% |
| Operating profit (loss) | 9901 | €45,815 | €32,281 | -€13,534 | -29.5% |
| Financial income | 75/76B | €1,665 | €3,527 | +€1,862 | +111.8% |
| Recurring financial income | 75 | €1,665 | €3,527 | +€1,862 | +111.8% |
| Financial charges | 65/66B | €17,114 | €16,413 | -€701 | -4.1% |
| Recurring financial charges | 65 | €17,114 | €16,413 | -€701 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €30,366 | €19,394 | -€10,971 | -36.1% |
| Income taxes | 67/77 | €9,412 | €7,388 | -€2,024 | -21.5% |
| Profit (loss) for the period | 9904 | €20,954 | €12,006 | -€8,948 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,954 | €12,006 | -€8,948 | -42.7% |
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 8 October 2026 via checked.be.