AQUANDI: 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.
AQUANDI
Largest movements
- Receivables within one year -€18,731
down €18,731 (-57.2%), from €32,760 to €14,029
of which Other amounts receivable: -€20,200
- Tangible fixed assets +€13,731
up €13,731 (+97.5%), from €14,086 to €27,817
of which Furniture and vehicles: +€15,652
- Cash +€7,335
up €7,335 (+510.6%), from €1,437 to €8,772
mainly Receivables within one year (+€18,731) and Debts after one year (+€13,024)
- Stocks and contracts -€751
no longer reported in 2025 (was €751)
- Reserves -€18,182
down €18,182 (-48.8%), from €37,248 to €19,066
- Debts after one year +€13,024
new in 2025: €13,024
- Tax, wage and social debts +€5,480
up €5,480 (+43.3%), from €12,665 to €18,145
of which Remuneration and social security: +€4,000
- Current portion of long-term debt +€2,997
new in 2025: €2,997
- Advances received -€2,811
no longer reported in 2025 (was €2,811)
- Gross operating margin +€10,221
up €10,221, from -€1,329 to €8,892
- Taxes +€741
up €741 (+216.7%), from €342 to €1,083
- Financial income -€690
down €690 (-44.2%), from €1,559 to €869
- Depreciation +€671
up €671 (+15.2%), from €4,413 to €5,083
- Other operating charges -€216
down €216 (-21.0%), from €1,028 to €812
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 | €49,153 | €50,805 | +€1,651 | +3.4% |
| Fixed assets | 21/28 | €14,086 | €27,817 | +€13,731 | +97.5% |
| Tangible fixed assets | 22/27 | €14,086 | €27,817 | +€13,731 | +97.5% |
| Plant, machinery and equipment | 23 | €9,185 | €7,382 | -€1,803 | -19.6% |
| Furniture and vehicles | 24 | €4,232 | €19,883 | +€15,652 | +369.9% |
| Other tangible fixed assets | 26 | €669 | €551 | -€118 | -17.6% |
| Current assets | 29/58 | €35,068 | €22,988 | -€12,079 | -34.4% |
| Stocks and contracts in progress | 3 | €751 | - | -€751 | |
| Contracts in progress | 37 | €751 | - | -€751 | |
| Amounts receivable within one year | 40/41 | €32,760 | €14,029 | -€18,731 | -57.2% |
| Trade receivables | 40 | €6,625 | €8,094 | +€1,470 | +22.2% |
| Other amounts receivable | 41 | €26,135 | €5,935 | -€20,200 | -77.3% |
| Cash at bank and in hand | 54/58 | €1,437 | €8,772 | +€7,335 | +510.6% |
| Deferred charges and accrued income | 490/1 | €120 | €187 | +€67 | +56.0% |
| Total equity and liabilities | 10/49 | €49,153 | €50,805 | +€1,651 | +3.4% |
| Equity | 10/15 | €32,447 | €16,238 | -€16,208 | -50.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,248 | €19,066 | -€18,182 | -48.8% |
| Distributable reserves | 133 | €37,248 | €19,066 | -€18,182 | -48.8% |
| Profit (loss) carried forward | 14 | -€11,002 | -€9,028 | +€1,973 | +17.9% |
| Amounts payable | 17/49 | €16,707 | €34,567 | +€17,860 | +106.9% |
| Amounts payable after more than one year | 17 | - | €13,024 | +€13,024 | |
| Financial debts | 170/4 | - | €13,024 | +€13,024 | |
| Amounts payable within one year | 42/48 | €16,579 | €21,542 | +€4,964 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,997 | +€2,997 | |
| Trade debts | 44 | €1,103 | €399 | -€703 | -63.8% |
| Suppliers | 440/4 | €1,103 | €399 | -€703 | -63.8% |
| Advances received on contracts in progress | 46 | €2,811 | - | -€2,811 | |
| Taxes, remuneration and social security | 45 | €12,665 | €18,145 | +€5,480 | +43.3% |
| Taxes | 450/3 | €5,665 | €7,145 | +€1,480 | +26.1% |
| Remuneration and social security | 454/9 | €7,000 | €11,000 | +€4,000 | +57.1% |
| Accrued charges and deferred income | 492/3 | €128 | - | -€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,413 | €5,083 | +€671 | +15.2% |
| Other operating charges | 640/8 | €1,028 | €812 | -€216 | -21.0% |
| Gross operating margin | 9900 | -€1,329 | €8,892 | +€10,221 | |
| Operating profit (loss) | 9901 | -€6,769 | €2,997 | +€9,766 | |
| Financial income | 75/76B | €1,559 | €869 | -€690 | -44.2% |
| Recurring financial income | 75 | €1,559 | €869 | -€690 | -44.2% |
| Financial charges | 65/66B | €987 | €810 | -€177 | -18.0% |
| Recurring financial charges | 65 | €987 | €810 | -€177 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,198 | €3,056 | +€9,254 | |
| Income taxes | 67/77 | €342 | €1,083 | +€741 | +216.7% |
| Profit (loss) for the period | 9904 | -€6,540 | €1,973 | +€8,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,540 | €1,973 | +€8,513 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.