AQUAMARINE: what changed
AQUAMARINE
Largest movements
- Tangible fixed assets +€187,040
up €187,040 (+801%), from €23,337 to €210,377
of which Land and buildings: +€200,343
- Cash -€35,826
down €35,826 (-49.9%), from €71,750 to €35,925
mainly Investment in fixed assets (net) (-€200,780) and Receivables within one year (-€6,890)
- Receivables within one year +€6,890
up €6,890 (+487%), from €1,416 to €8,306
- Reserves +€90,708
up €90,708 (+95.6%), from €94,921 to €185,630
of which Distributable reserves: +€166,102
- Debts after one year +€51,876
new in 2021: €51,876
- Debts within one year +€15,519
up €15,519 (+542%), from €2,866 to €18,385
of which Tax, wage and social debts: +€18,296
- Purchases and services +€263,799
new in 2021: €263,799
- Turnover +€194,228
up €194,228 (+74.3%), from €261,575 to €455,803
- Gross operating margin +€114,837
up €114,837 (+130%), from €88,387 to €203,223
- Staff costs +€54,257
new in 2021: €54,257
- Taxes +€39,064
up €39,064, from -€1,170 to €37,894
Change in the result, 2020 to 2021
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 2020 and 2021 balance sheets and the 2021 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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,787 | €256,891 | +€158,104 | +160% |
| Fixed assets | 21/28 | €25,621 | €212,661 | +€187,040 | +730% |
| Tangible fixed assets | 22/27 | €23,337 | €210,377 | +€187,040 | +801% |
| Land and buildings | 22 | - | €200,343 | +€200,343 | |
| Plant, machinery and equipment | 23 | - | €7,776 | +€7,776 | |
| Furniture and vehicles | 24 | - | €2,258 | +€2,258 | |
| Financial fixed assets | 28 | €2,284 | €2,284 | = | 0.0% |
| Current assets | 29/58 | €73,166 | €44,231 | -€28,936 | -39.5% |
| Amounts receivable within one year | 40/41 | €1,416 | €8,306 | +€6,890 | +487% |
| Other amounts receivable | 41 | - | €8,306 | +€8,306 | |
| Cash at bank and in hand | 54/58 | €71,750 | €35,925 | -€35,826 | -49.9% |
| Total equity and liabilities | 10/49 | €98,787 | €256,891 | +€158,104 | +160% |
| Equity | 10/15 | €95,921 | €186,630 | +€90,708 | +94.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €94,921 | €185,630 | +€90,708 | +95.6% |
| Tax-exempt reserves | 132 | - | €19,528 | +€19,528 | |
| Distributable reserves | 133 | - | €166,102 | +€166,102 | |
| Amounts payable | 17/49 | €2,866 | €70,261 | +€67,396 | +2,352% |
| Amounts payable after more than one year | 17 | - | €51,876 | +€51,876 | |
| Financial debts | 170/4 | - | €51,876 | +€51,876 | |
| Amounts payable within one year | 42/48 | €2,866 | €18,385 | +€15,519 | +542% |
| Trade debts | 44 | €1,424 | €89 | -€1,335 | -93.8% |
| Suppliers | 440/4 | - | €89 | +€89 | |
| Taxes, remuneration and social security | 45 | - | €18,296 | +€18,296 | |
| Taxes | 450/3 | - | €18,296 | +€18,296 | |
| Turnover | 70 | €261,575 | €455,803 | +€194,228 | +74.3% |
| Non-recurring operating income | 76A | - | €3,821 | +€3,821 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €263,799 | +€263,799 | |
| Remuneration, social security and pensions | 62 | - | €54,257 | +€54,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,886 | €13,740 | +€1,854 | +15.6% |
| Other operating charges | 640/8 | - | €3,898 | +€3,898 | |
| Gross operating margin | 9900 | €88,387 | €203,223 | +€114,837 | +130% |
| Operating profit (loss) | 9901 | €41,957 | €131,329 | +€89,372 | +213% |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €2,726 | +€2,726 | |
| Recurring financial charges | 65 | €1,578 | €2,726 | +€1,149 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €40,379 | €128,602 | +€88,223 | +218% |
| Income taxes | 67/77 | -€1,170 | €37,894 | +€39,064 | |
| Profit (loss) for the period | 9904 | €41,549 | €90,708 | +€49,159 | +118% |
| Transfer to tax-exempt reserves | 689 | - | €3,821 | +€3,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,842 | €86,888 | +€61,046 | +236% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.