AQUALIFE: 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.
What changed
AQUALIFE
NACE 47.762, Retail sale of pets, pet food and pet supplies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€605,750
2024 · €196,155+€409,595
Equity
€1.2m
2024 · €976,208+€255,750
Cash
€284,477
2024 · €732,425-€447,949
Balance sheet total
€2.3m
2024 · €1.8m+€509,394
Largest movements
Assets
- Current investments +€850,000
new in 2025: €850,000
- Cash -€447,949
down €447,949 (-61.2%), from €732,425 to €284,477
mainly Current investments (-€850,000) and Contributions, distributions and other (-€350,000)
- Tangible fixed assets +€134,885
up €134,885 (+13.8%), from €976,053 to €1.1m
of which Assets under construction and advance payments: +€166,750
- Receivables within one year -€32,479
down €32,479 (-61.6%), from €52,721 to €20,242
of which Trade receivables: -€30,845
Equity and liabilities
- Other debts +€350,451
up €350,451 (+45695.3%), from €767 to €351,218
- Reserves +€255,750
up €255,750 (+28.0%), from €914,234 to €1.2m
of which Distributable reserves: +€255,750
- Debts after one year -€82,325
down €82,325 (-13.3%), from €618,839 to €536,514
Income statement
- Gross operating margin +€301,698
up €301,698 (+36.6%), from €824,672 to €1.1m
- Write-downs -€133,038
no longer reported in 2025 (was €133,038)
- Staff costs +€21,839
up €21,839 (+7.4%), from €293,469 to €315,309
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.
Result 2024
€196,155
Gross operating margin
+€301,698
Staff costs
-€21,839
Depreciation
-€9,463
Write-downs
+€133,038
Other operating charges
-€413
Other operating items
-€16
Financial income
-€165
Financial charges
+€3,027
Taxes
+€3,730
Result 2025
€605,750
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.
From operations
+€1.1m
Investment
-€1.1m
Financing
-€453,345
Cash 2024
€732,425
From operations (derived)
+€1.1m
Net result for the year
+€605,750
Depreciation
+€114,162
Stocks and contracts
+€2,670
Receivables within one year
+€32,479
Deferred charges and accrued income
-€5,221
Trade debts
+€1,541
Tax, wage and social debts
-€4,589
Other debts
+€350,451
Accrued charges and deferred income
+€9,586
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€251,432
Current investments
-€850,000
Financing
-€453,345
Debts after one year
-€82,325
Current portion of long-term debt
-€20,309
Short-term financial debts
-€712
Contributions, distributions and other
-€350,000
Cash 2025
€284,477
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,827,066 | €2,336,460 | +€509,394 | +27.9% |
| Fixed assets | 21/28 | €981,968 | €1,119,239 | +€137,270 | +14.0% |
| Intangible fixed assets | 21 | €5,780 | €8,166 | +€2,386 | +41.3% |
| Tangible fixed assets | 22/27 | €976,053 | €1,110,938 | +€134,885 | +13.8% |
| Land and buildings | 22 | €782,679 | €737,632 | -€45,047 | -5.8% |
| Plant, machinery and equipment | 23 | €51,121 | €83,432 | +€32,311 | +63.2% |
| Furniture and vehicles | 24 | €138,813 | €123,123 | -€15,689 | -11.3% |
| Leasing and similar rights | 25 | €3,441 | €0 | -€3,441 | -100.0% |
| Assets under construction and advance payments | 27 | - | €166,750 | +€166,750 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €845,097 | €1,217,221 | +€372,124 | +44.0% |
| Stocks and contracts in progress | 3 | €48,980 | €46,310 | -€2,670 | -5.5% |
| Stocks | 30/36 | €48,980 | €46,310 | -€2,670 | -5.5% |
| Amounts receivable within one year | 40/41 | €52,721 | €20,242 | -€32,479 | -61.6% |
| Trade receivables | 40 | €50,997 | €20,152 | -€30,845 | -60.5% |
| Other amounts receivable | 41 | €1,724 | €90 | -€1,634 | -94.8% |
| Current investments | 50/53 | - | €850,000 | +€850,000 | |
| Cash at bank and in hand | 54/58 | €732,425 | €284,477 | -€447,949 | -61.2% |
| Deferred charges and accrued income | 490/1 | €10,971 | €16,192 | +€5,221 | +47.6% |
| Total equity and liabilities | 10/49 | €1,827,066 | €2,336,460 | +€509,394 | +27.9% |
| Equity | 10/15 | €976,208 | €1,231,958 | +€255,750 | +26.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €914,234 | €1,169,984 | +€255,750 | +28.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €908,037 | €1,163,787 | +€255,750 | +28.2% |
| Amounts payable | 17/49 | €850,858 | €1,104,502 | +€253,644 | +29.8% |
| Amounts payable after more than one year | 17 | €618,839 | €536,514 | -€82,325 | -13.3% |
| Financial debts | 170/4 | €618,839 | €536,514 | -€82,325 | -13.3% |
| Amounts payable within one year | 42/48 | €232,019 | €558,401 | +€326,382 | +140.7% |
| Current portion of amounts payable after more than one year | 42 | €100,950 | €80,641 | -€20,309 | -20.1% |
| Financial debts | 43 | €27,132 | €26,420 | -€712 | -2.6% |
| Credit institutions | 430/8 | €27,132 | €26,420 | -€712 | -2.6% |
| Trade debts | 44 | €53,160 | €54,700 | +€1,541 | +2.9% |
| Suppliers | 440/4 | €53,160 | €54,700 | +€1,541 | +2.9% |
| Taxes, remuneration and social security | 45 | €50,011 | €45,422 | -€4,589 | -9.2% |
| Taxes | 450/3 | €18,329 | €6,759 | -€11,571 | -63.1% |
| Remuneration and social security | 454/9 | €31,681 | €38,663 | +€6,982 | +22.0% |
| Other amounts payable | 47/48 | €767 | €351,218 | +€350,451 | +45695.3% |
| Accrued charges and deferred income | 492/3 | - | €9,586 | +€9,586 | |
| Non-recurring operating income | 76A | €23,529 | €5,198 | -€18,332 | -77.9% |
| Remuneration, social security and pensions | 62 | €293,469 | €315,309 | +€21,839 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,698 | €114,162 | +€9,463 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €133,038 | - | -€133,038 | |
| Other operating charges | 640/8 | €10,917 | €11,330 | +€413 | +3.8% |
| Non-recurring operating charges | 66A | €2,692 | €2,708 | +€16 | +0.6% |
| Gross operating margin | 9900 | €824,672 | €1,126,369 | +€301,698 | +36.6% |
| Operating profit (loss) | 9901 | €279,858 | €682,861 | +€403,003 | +144.0% |
| Financial income | 75/76B | €928 | €763 | -€165 | -17.7% |
| Recurring financial income | 75 | €928 | €763 | -€165 | -17.7% |
| Financial charges | 65/66B | €20,992 | €17,965 | -€3,027 | -14.4% |
| Recurring financial charges | 65 | €20,992 | €17,965 | -€3,027 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €259,795 | €665,660 | +€405,865 | +156.2% |
| Income taxes | 67/77 | €63,640 | €59,910 | -€3,730 | -5.9% |
| Profit (loss) for the period | 9904 | €196,155 | €605,750 | +€409,595 | +208.8% |
| Profit (loss) for the period to be appropriated | 9905 | €196,155 | €605,750 | +€409,595 | +208.8% |
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 6 October 2026 via checked.be.