AQUALIFT: 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.
AQUALIFT
Largest movements
- Cash +€80,118
up €80,118 (+59.1%), from €135,575 to €215,693
mainly Net result for the year (+€66,816) and Depreciation (+€32,832)
- Tangible fixed assets -€32,832
down €32,832 (-50.2%), from €65,358 to €32,526
of which Plant, machinery and equipment: -€18,737
- Stocks and contracts -€18,056
down €18,056 (-17.2%), from €105,020 to €86,964
- Receivables within one year -€11,892
down €11,892 (-17.8%), from €66,932 to €55,041
of which Trade receivables: -€12,333
- Reserves +€66,816
up €66,816 (+59.8%), from €111,712 to €178,528
of which Distributable reserves: +€66,816
- Other debts -€55,739
down €55,739 (-85.0%), from €65,556 to €9,816
- Tax, wage and social debts +€14,772
up €14,772 (+71.9%), from €20,543 to €35,315
of which Remuneration and social security: +€12,817
- Trade debts -€5,489
down €5,489 (-13.0%), from €42,190 to €36,701
- Gross operating margin +€48,164
up €48,164 (+19.7%), from €245,070 to €293,234
- Taxes +€13,324
up €13,324 (+70.7%), from €18,841 to €32,164
- Staff costs +€11,750
up €11,750 (+8.2%), from €142,572 to €154,322
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 | €386,512 | €404,853 | +€18,341 | +4.7% |
| Fixed assets | 21/28 | €75,358 | €42,526 | -€32,832 | -43.6% |
| Tangible fixed assets | 22/27 | €65,358 | €32,526 | -€32,832 | -50.2% |
| Land and buildings | 22 | €4,864 | €4,288 | -€576 | -11.8% |
| Plant, machinery and equipment | 23 | €29,817 | €11,080 | -€18,737 | -62.8% |
| Furniture and vehicles | 24 | €30,677 | €17,159 | -€13,518 | -44.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €311,154 | €362,327 | +€51,173 | +16.4% |
| Stocks and contracts in progress | 3 | €105,020 | €86,964 | -€18,056 | -17.2% |
| Stocks | 30/36 | €105,020 | €86,964 | -€18,056 | -17.2% |
| Amounts receivable within one year | 40/41 | €66,932 | €55,041 | -€11,892 | -17.8% |
| Trade receivables | 40 | €66,932 | €54,599 | -€12,333 | -18.4% |
| Other amounts receivable | 41 | €0 | €441 | +€441 | |
| Cash at bank and in hand | 54/58 | €135,575 | €215,693 | +€80,118 | +59.1% |
| Deferred charges and accrued income | 490/1 | €3,627 | €4,629 | +€1,003 | +27.6% |
| Total equity and liabilities | 10/49 | €386,512 | €404,853 | +€18,341 | +4.7% |
| Equity | 10/15 | €248,881 | €315,697 | +€66,816 | +26.8% |
| Contributions | 10/11 | €46,031 | €46,031 | = | 0.0% |
| Capital | 10 | €46,031 | €46,031 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Uncalled capital | 101 | €15,469 | €15,469 | = | 0.0% |
| Reserves | 13 | €111,712 | €178,528 | +€66,816 | +59.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,411 | €2,411 | = | 0.0% |
| Distributable reserves | 133 | €103,151 | €169,966 | +€66,816 | +64.8% |
| Profit (loss) carried forward | 14 | €91,137 | €91,137 | = | 0.0% |
| Amounts payable | 17/49 | €137,631 | €89,156 | -€48,475 | -35.2% |
| Amounts payable within one year | 42/48 | €131,163 | €84,692 | -€46,471 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,873 | €2,860 | -€14 | -0.5% |
| Credit institutions | 430/8 | €2,873 | €2,860 | -€14 | -0.5% |
| Trade debts | 44 | €42,190 | €36,701 | -€5,489 | -13.0% |
| Suppliers | 440/4 | €42,190 | €36,701 | -€5,489 | -13.0% |
| Taxes, remuneration and social security | 45 | €20,543 | €35,315 | +€14,772 | +71.9% |
| Taxes | 450/3 | €10,104 | €12,059 | +€1,954 | +19.3% |
| Remuneration and social security | 454/9 | €10,439 | €23,257 | +€12,817 | +122.8% |
| Other amounts payable | 47/48 | €65,556 | €9,816 | -€55,739 | -85.0% |
| Accrued charges and deferred income | 492/3 | €6,468 | €4,465 | -€2,004 | -31.0% |
| Non-recurring operating income | 76A | €4,133 | €0 | -€4,133 | -100.0% |
| Remuneration, social security and pensions | 62 | €142,572 | €154,322 | +€11,750 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,697 | €32,832 | -€2,865 | -8.0% |
| Other operating charges | 640/8 | €4,109 | €2,682 | -€1,427 | -34.7% |
| Gross operating margin | 9900 | €245,070 | €293,234 | +€48,164 | +19.7% |
| Operating profit (loss) | 9901 | €62,692 | €103,398 | +€40,707 | +64.9% |
| Financial income | 75/76B | €923 | €92 | -€831 | -90.0% |
| Recurring financial income | 75 | €923 | €92 | -€831 | -90.0% |
| Financial charges | 65/66B | €6,300 | €4,510 | -€1,790 | -28.4% |
| Recurring financial charges | 65 | €6,300 | €4,510 | -€1,790 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €57,315 | €98,980 | +€41,665 | +72.7% |
| Income taxes | 67/77 | €18,841 | €32,164 | +€13,324 | +70.7% |
| Profit (loss) for the period | 9904 | €38,474 | €66,816 | +€28,342 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,474 | €66,816 | +€28,342 | +73.7% |
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 29 September 2026 via checked.be.