AQUALIS: 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.
AQUALIS
Largest movements
- Cash +€19,428
up €19,428 (+26.5%), from €73,335 to €92,764
mainly Net result for the year (+€26,526) and Depreciation (+€17,331)
- Tangible fixed assets -€14,932
down €14,932 (-23.5%), from €63,530 to €48,598
of which Furniture and vehicles: -€12,672
- Receivables within one year +€12,580
up €12,580 (+10.9%), from €115,626 to €128,206
of which Other amounts receivable: +€9,452
- Reserves +€26,526
up €26,526 (+14.0%), from €189,806 to €216,333
- Debts after one year -€9,982
down €9,982 (-31.9%), from €31,259 to €21,277
- Gross operating margin +€23,969
up €23,969 (+70.6%), from €33,954 to €57,923
- Taxes +€6,007
up €6,007 (+128.4%), from €4,679 to €10,686
- Financial charges -€761
down €761 (-26.8%), from €2,840 to €2,078
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 | €262,320 | €278,529 | +€16,209 | +6.2% |
| Fixed assets | 21/28 | €64,880 | €49,644 | -€15,236 | -23.5% |
| Intangible fixed assets | 21 | €1,350 | €1,046 | -€303 | -22.5% |
| Tangible fixed assets | 22/27 | €63,530 | €48,598 | -€14,932 | -23.5% |
| Plant, machinery and equipment | 23 | €5,326 | €3,066 | -€2,261 | -42.4% |
| Furniture and vehicles | 24 | €58,204 | €45,532 | -€12,672 | -21.8% |
| Current assets | 29/58 | €197,440 | €228,884 | +€31,444 | +15.9% |
| Stocks and contracts in progress | 3 | €7,500 | €6,900 | -€600 | -8.0% |
| Stocks | 30/36 | €7,500 | €6,900 | -€600 | -8.0% |
| Amounts receivable within one year | 40/41 | €115,626 | €128,206 | +€12,580 | +10.9% |
| Trade receivables | 40 | €454 | €3,582 | +€3,128 | +688.8% |
| Other amounts receivable | 41 | €115,171 | €124,623 | +€9,452 | +8.2% |
| Cash at bank and in hand | 54/58 | €73,335 | €92,764 | +€19,428 | +26.5% |
| Deferred charges and accrued income | 490/1 | €979 | €1,015 | +€36 | +3.7% |
| Total equity and liabilities | 10/49 | €262,320 | €278,529 | +€16,209 | +6.2% |
| Equity | 10/15 | €196,806 | €223,333 | +€26,526 | +13.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €189,806 | €216,333 | +€26,526 | +14.0% |
| Distributable reserves | 133 | €189,806 | €216,333 | +€26,526 | +14.0% |
| Amounts payable | 17/49 | €65,514 | €55,196 | -€10,318 | -15.7% |
| Amounts payable after more than one year | 17 | €31,259 | €21,277 | -€9,982 | -31.9% |
| Financial debts | 170/4 | €31,259 | €21,277 | -€9,982 | -31.9% |
| Amounts payable within one year | 42/48 | €31,051 | €31,862 | +€811 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €9,569 | €9,982 | +€413 | +4.3% |
| Financial debts | 43 | €4,131 | €2,507 | -€1,624 | -39.3% |
| Credit institutions | 430/8 | €4,131 | €2,507 | -€1,624 | -39.3% |
| Trade debts | 44 | €16,551 | €15,588 | -€963 | -5.8% |
| Suppliers | 440/4 | €16,551 | €15,588 | -€963 | -5.8% |
| Advances received on contracts in progress | 46 | - | €1,022 | +€1,022 | |
| Taxes, remuneration and social security | 45 | €800 | €2,762 | +€1,962 | +245.3% |
| Taxes | 450/3 | €800 | €2,762 | +€1,962 | +245.3% |
| Accrued charges and deferred income | 492/3 | €3,204 | €2,057 | -€1,147 | -35.8% |
| Remuneration, social security and pensions | 62 | €404 | €331 | -€73 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,777 | €17,331 | +€554 | +3.3% |
| Other operating charges | 640/8 | €378 | €354 | -€25 | -6.5% |
| Non-recurring operating charges | 66A | - | €683 | +€683 | |
| Gross operating margin | 9900 | €33,954 | €57,923 | +€23,969 | +70.6% |
| Operating profit (loss) | 9901 | €16,395 | €39,225 | +€22,830 | +139.3% |
| Financial income | 75/76B | €281 | €66 | -€216 | -76.7% |
| Recurring financial income | 75 | €281 | €66 | -€216 | -76.7% |
| Financial charges | 65/66B | €2,840 | €2,078 | -€761 | -26.8% |
| Recurring financial charges | 65 | €2,840 | €2,078 | -€761 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €13,836 | €37,212 | +€23,376 | +168.9% |
| Income taxes | 67/77 | €4,679 | €10,686 | +€6,007 | +128.4% |
| Profit (loss) for the period | 9904 | €9,157 | €26,526 | +€17,370 | +189.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,157 | €26,526 | +€17,370 | +189.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.