Aqualining: what changed
Aqualining
Largest movements
- Cash -€65,617
down €65,617 (-43.6%), from €150,524 to €84,907
mainly Investment in fixed assets (net) (-€48,447) and Contributions, distributions and other (-€41,647)
- Financial fixed assets +€40,542
up €40,542 (+777%), from €5,219 to €45,761
- Stocks and contracts -€15,526
down €15,526 (-80.4%), from €19,321 to €3,795
- Tangible fixed assets -€10,161
down €10,161 (-37.6%), from €27,061 to €16,899
of which Furniture and vehicles: -€13,225
- Receivables within one year +€4,661
up €4,661 (+34.6%), from €13,470 to €18,131
of which Trade receivables: +€4,951
- Profit (loss) carried forward -€21,085
down €21,085 (-19.8%), from €106,558 to €85,472
- Other debts -€12,183
down €12,183 (-62.1%), from €19,606 to €7,423
- Debts after one year -€12,108
down €12,108 (-21.9%), from €55,336 to €43,228
- Tax, wage and social debts +€2,205
up €2,205 (+13.2%), from €16,679 to €18,885
of which Taxes: +€2,190
- Gross operating margin -€31,415
down €31,415 (-36.7%), from €85,537 to €54,122
- Other operating charges -€8,447
down €8,447 (-71.2%), from €11,859 to €3,411
- Taxes -€4,616
down €4,616 (-33.1%), from €13,933 to €9,317
- Depreciation +€3,723
up €3,723 (+26.0%), from €14,343 to €18,066
- Financial charges +€2,338
up €2,338 (+335%), from €697 to €3,035
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,541 | €172,116 | -€44,425 | -20.5% |
| Fixed assets | 21/28 | €32,279 | €62,660 | +€30,381 | +94.1% |
| Tangible fixed assets | 22/27 | €27,061 | €16,899 | -€10,161 | -37.6% |
| Plant, machinery and equipment | 23 | €4,809 | €7,872 | +€3,063 | +63.7% |
| Furniture and vehicles | 24 | €22,252 | €9,027 | -€13,225 | -59.4% |
| Financial fixed assets | 28 | €5,219 | €45,761 | +€40,542 | +777% |
| Current assets | 29/58 | €184,261 | €109,456 | -€74,806 | -40.6% |
| Stocks and contracts in progress | 3 | €19,321 | €3,795 | -€15,526 | -80.4% |
| Stocks | 30/36 | €19,321 | €3,795 | -€15,526 | -80.4% |
| Amounts receivable within one year | 40/41 | €13,470 | €18,131 | +€4,661 | +34.6% |
| Trade receivables | 40 | €6,625 | €11,576 | +€4,951 | +74.7% |
| Other amounts receivable | 41 | €6,845 | €6,555 | -€290 | -4.2% |
| Cash at bank and in hand | 54/58 | €150,524 | €84,907 | -€65,617 | -43.6% |
| Deferred charges and accrued income | 490/1 | €947 | €2,622 | +€1,676 | +177% |
| Total equity and liabilities | 10/49 | €216,541 | €172,116 | -€44,425 | -20.5% |
| Equity | 10/15 | €111,558 | €90,472 | -€21,085 | -18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,558 | €85,472 | -€21,085 | -19.8% |
| Amounts payable | 17/49 | €104,983 | €81,643 | -€23,340 | -22.2% |
| Amounts payable after more than one year | 17 | €55,336 | €43,228 | -€12,108 | -21.9% |
| Financial debts | 170/4 | €55,336 | €43,228 | -€12,108 | -21.9% |
| Amounts payable within one year | 42/48 | €49,647 | €38,415 | -€11,232 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €11,778 | €12,108 | +€330 | +2.8% |
| Trade debts | 44 | €1,584 | €0 | -€1,584 | -100% |
| Suppliers | 440/4 | €1,584 | €0 | -€1,584 | -100% |
| Taxes, remuneration and social security | 45 | €16,679 | €18,885 | +€2,205 | +13.2% |
| Taxes | 450/3 | €13,933 | €16,124 | +€2,190 | +15.7% |
| Remuneration and social security | 454/9 | €2,746 | €2,761 | +€15 | +0.5% |
| Other amounts payable | 47/48 | €19,606 | €7,423 | -€12,183 | -62.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,343 | €18,066 | +€3,723 | +26.0% |
| Other operating charges | 640/8 | €11,859 | €3,411 | -€8,447 | -71.2% |
| Gross operating margin | 9900 | €85,537 | €54,122 | -€31,415 | -36.7% |
| Operating profit (loss) | 9901 | €59,335 | €32,645 | -€26,691 | -45.0% |
| Financial income | 75/76B | €2,470 | €269 | -€2,200 | -89.1% |
| Recurring financial income | 75 | €2,470 | €269 | -€2,200 | -89.1% |
| Financial charges | 65/66B | €697 | €3,035 | +€2,338 | +335% |
| Recurring financial charges | 65 | €697 | €3,035 | +€2,338 | +335% |
| Profit (loss) for the period before taxes | 9903 | €61,108 | €29,879 | -€31,229 | -51.1% |
| Income taxes | 67/77 | €13,933 | €9,317 | -€4,616 | -33.1% |
| Profit (loss) for the period | 9904 | €47,174 | €20,562 | -€26,613 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,174 | €20,562 | -€26,613 | -56.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.