AQUAMEDIA: 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.
AQUAMEDIA
Largest movements
- Cash -€76,888
down €76,888 (-93.4%), from €82,279 to €5,391
mainly Net result for the year (-€77,427) and Current portion of long-term debt (-€10,599)
- Tangible fixed assets -€13,301
down €13,301 (-33.1%), from €40,129 to €26,829
of which Furniture and vehicles: -€9,552
- Receivables within one year -€12,384
down €12,384 (-31.4%), from €39,397 to €27,013
of which Trade receivables: -€11,026
- Intangible fixed assets +€7,885
up €7,885 (+536%), from €1,471 to €9,356
- Deferred charges and accrued income -€2,518
down €2,518 (-95.0%), from €2,649 to €132
- Profit (loss) carried forward -€77,427
new in 2025: -€77,427
- Current portion of long-term debt -€10,599
no longer reported in 2025 (was €10,599)
- Trade debts -€10,184
down €10,184 (-42.0%), from €24,232 to €14,048
- Advances received -€6,675
no longer reported in 2025 (was €6,675)
- Accrued charges and deferred income +€6,270
up €6,270 (+67.3%), from €9,310 to €15,580
- Gross operating margin -€22,503
down €22,503 (-45.5%), from €49,459 to €26,956
- Staff costs +€5,560
up €5,560 (+6.9%), from €80,301 to €85,860
- Other operating charges +€1,291
up €1,291 (+115%), from €1,118 to €2,409
- Depreciation +€1,151
up €1,151 (+8.5%), from €13,480 to €14,630
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 | €166,350 | €68,796 | -€97,554 | -58.6% |
| Fixed assets | 21/28 | €41,675 | €36,260 | -€5,415 | -13.0% |
| Intangible fixed assets | 21 | €1,471 | €9,356 | +€7,885 | +536% |
| Tangible fixed assets | 22/27 | €40,129 | €26,829 | -€13,301 | -33.1% |
| Plant, machinery and equipment | 23 | €12,821 | €9,073 | -€3,748 | -29.2% |
| Furniture and vehicles | 24 | €27,308 | €17,756 | -€9,552 | -35.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €124,675 | €32,536 | -€92,139 | -73.9% |
| Stocks and contracts in progress | 3 | €350 | - | -€350 | |
| Stocks | 30/36 | €350 | - | -€350 | |
| Amounts receivable within one year | 40/41 | €39,397 | €27,013 | -€12,384 | -31.4% |
| Trade receivables | 40 | €36,248 | €25,222 | -€11,026 | -30.4% |
| Other amounts receivable | 41 | €3,148 | €1,791 | -€1,357 | -43.1% |
| Cash at bank and in hand | 54/58 | €82,279 | €5,391 | -€76,888 | -93.4% |
| Deferred charges and accrued income | 490/1 | €2,649 | €132 | -€2,518 | -95.0% |
| Total equity and liabilities | 10/49 | €166,350 | €68,796 | -€97,554 | -58.6% |
| Equity | 10/15 | €101,797 | €24,370 | -€77,427 | -76.1% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €27,297 | €27,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Distributable reserves | 133 | €19,847 | €19,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€77,427 | -€77,427 | |
| Amounts payable | 17/49 | €64,553 | €44,426 | -€20,128 | -31.2% |
| Amounts payable within one year | 42/48 | €55,243 | €28,845 | -€26,398 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €10,599 | - | -€10,599 | |
| Trade debts | 44 | €24,232 | €14,048 | -€10,184 | -42.0% |
| Suppliers | 440/4 | €24,232 | €14,048 | -€10,184 | -42.0% |
| Advances received on contracts in progress | 46 | €6,675 | - | -€6,675 | |
| Taxes, remuneration and social security | 45 | €13,738 | €14,797 | +€1,059 | +7.7% |
| Taxes | 450/3 | €2,239 | €2,192 | -€47 | -2.1% |
| Remuneration and social security | 454/9 | €11,498 | €12,605 | +€1,106 | +9.6% |
| Accrued charges and deferred income | 492/3 | €9,310 | €15,580 | +€6,270 | +67.3% |
| Remuneration, social security and pensions | 62 | €80,301 | €85,860 | +€5,560 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,480 | €14,630 | +€1,151 | +8.5% |
| Other operating charges | 640/8 | €1,118 | €2,409 | +€1,291 | +115% |
| Gross operating margin | 9900 | €49,459 | €26,956 | -€22,503 | -45.5% |
| Operating profit (loss) | 9901 | -€45,439 | -€75,943 | -€30,504 | -67.1% |
| Financial income | 75/76B | €551 | €364 | -€187 | -34.0% |
| Recurring financial income | 75 | €551 | €364 | -€187 | -34.0% |
| Financial charges | 65/66B | €1,056 | €1,391 | +€336 | +31.8% |
| Recurring financial charges | 65 | €1,056 | €1,391 | +€336 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,944 | -€76,971 | -€31,027 | -67.5% |
| Income taxes | 67/77 | €477 | €455 | -€22 | -4.6% |
| Profit (loss) for the period | 9904 | -€46,422 | -€77,427 | -€31,005 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,422 | -€77,427 | -€31,005 | -66.8% |
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 23 October 2026 via checked.be.