AQUALONA: what changed
Two financial 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.
AQUALONA
Largest movements
- Tangible fixed assets -€137,752
down €137,752 (-10.0%), from €1.4m to €1.2m
of which Furniture and vehicles: -€132,983
- Receivables within one year +€20,689
up €20,689 (+69.7%), from €29,669 to €50,357
of which Other amounts receivable: +€18,464
- Cash +€19,357
up €19,357 (+36.4%), from €53,224 to €72,581
mainly Depreciation (+€151,671) and Net result for the year (+€21,145)
- Debts after one year -€109,224
down €109,224 (-11.0%), from €996,402 to €887,178
- Profit (loss) carried forward +€21,145
up €21,145 (+14.1%), from -€150,180 to -€129,035
- Staff costs -€6,735
no longer reported in 2025 (was €6,735)
- Financial charges +€1,915
up €1,915 (+9.8%), from €19,561 to €21,477
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.
Derived cash bridge
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 | €1,488,357 | €1,397,308 | -€91,049 | -6.1% |
| Fixed assets | 21/28 | €1,381,830 | €1,244,078 | -€137,752 | -10.0% |
| Tangible fixed assets | 22/27 | €1,380,967 | €1,243,215 | -€137,752 | -10.0% |
| Plant, machinery and equipment | 23 | €12,400 | €7,631 | -€4,769 | -38.5% |
| Furniture and vehicles | 24 | €1,368,567 | €1,235,584 | -€132,983 | -9.7% |
| Financial fixed assets | 28 | €863 | €863 | = | 0.0% |
| Current assets | 29/58 | €106,527 | €153,230 | +€46,702 | +43.8% |
| Stocks and contracts in progress | 3 | - | €5,939 | +€5,939 | |
| Stocks | 30/36 | - | €5,939 | +€5,939 | |
| Amounts receivable within one year | 40/41 | €29,669 | €50,357 | +€20,689 | +69.7% |
| Trade receivables | 40 | €2,948 | €5,173 | +€2,225 | +75.5% |
| Other amounts receivable | 41 | €26,721 | €45,184 | +€18,464 | +69.1% |
| Cash at bank and in hand | 54/58 | €53,224 | €72,581 | +€19,357 | +36.4% |
| Deferred charges and accrued income | 490/1 | €23,635 | €24,352 | +€717 | +3.0% |
| Total equity and liabilities | 10/49 | €1,488,357 | €1,397,308 | -€91,049 | -6.1% |
| Equity | 10/15 | €327,529 | €338,134 | +€10,605 | +3.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €341,008 | €341,008 | = | 0.0% |
| Tax-exempt reserves | 132 | €239,008 | €239,008 | = | 0.0% |
| Distributable reserves | 133 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,180 | -€129,035 | +€21,145 | +14.1% |
| Investment grants | 15 | €116,701 | €106,161 | -€10,540 | -9.0% |
| Provisions and deferred taxes | 16 | €38,900 | €35,387 | -€3,513 | -9.0% |
| Deferred taxes | 168 | €38,900 | €35,387 | -€3,513 | -9.0% |
| Amounts payable | 17/49 | €1,121,928 | €1,023,787 | -€98,141 | -8.7% |
| Amounts payable after more than one year | 17 | €996,402 | €887,178 | -€109,224 | -11.0% |
| Financial debts | 170/4 | €996,402 | €887,178 | -€109,224 | -11.0% |
| Amounts payable within one year | 42/48 | €125,526 | €136,609 | +€11,083 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €100,380 | €113,197 | +€12,817 | +12.8% |
| Financial debts | 43 | €2,968 | €230 | -€2,738 | -92.2% |
| Credit institutions | 430/8 | €2,968 | €230 | -€2,738 | -92.2% |
| Trade debts | 44 | €19,757 | €20,719 | +€962 | +4.9% |
| Suppliers | 440/4 | €19,757 | €20,719 | +€962 | +4.9% |
| Taxes, remuneration and social security | 45 | €2,421 | €2,462 | +€41 | +1.7% |
| Taxes | 450/3 | €2,421 | €2,462 | +€41 | +1.7% |
| Remuneration, social security and pensions | 62 | €6,735 | - | -€6,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,018 | €151,671 | +€1,653 | +1.1% |
| Other operating charges | 640/8 | €1,223 | €1,645 | +€422 | +34.5% |
| Gross operating margin | 9900 | €180,750 | €180,262 | -€488 | -0.3% |
| Operating profit (loss) | 9901 | €22,774 | €26,946 | +€4,172 | +18.3% |
| Financial income | 75/76B | €11,722 | €12,498 | +€776 | +6.6% |
| Recurring financial income | 75 | €11,722 | €12,498 | +€776 | +6.6% |
| Financial charges | 65/66B | €19,561 | €21,477 | +€1,915 | +9.8% |
| Recurring financial charges | 65 | €19,561 | €21,477 | +€1,915 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €14,935 | €17,968 | +€3,033 | +20.3% |
| Transfer from deferred taxes | 780 | €3,513 | €3,513 | = | 0.0% |
| Income taxes | 67/77 | €365 | €336 | -€29 | -8.0% |
| Profit (loss) for the period | 9904 | €18,083 | €21,145 | +€3,062 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,083 | €21,145 | +€3,062 | +16.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.