AQUANET: 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.
AQUANET
Largest movements
- Financial fixed assets -€24,208
down €24,208 (-18.8%), from €128,515 to €104,307
- Receivables within one year +€19,491
up €19,491 (+4.0%), from €487,817 to €507,308
of which Trade receivables: +€20,566
- Cash +€7,620
up €7,620 (+140%), from €5,437 to €13,057
mainly Trade debts (+€94,228) and Short-term financial debts (+€88,195)
- Debts after one year -€118,928
down €118,928 (-60.9%), from €195,439 to €76,511
- Trade debts +€94,228
up €94,228 (+140%), from €67,432 to €161,660
- Short-term financial debts +€88,195
up €88,195 (+72.4%), from €121,852 to €210,048
of which Other loans: +€100,000
- Other debts -€39,121
down €39,121 (-90.3%), from €43,301 to €4,180
- Reserves -€30,712
down €30,712 (-22.2%), from €138,178 to €107,466
- Staff costs +€111,749
up €111,749 (+88.2%), from €126,660 to €238,409
- Gross operating margin +€25,960
up €25,960 (+13.0%), from €199,221 to €225,181
- Taxes -€15,780
down €15,780 (-99.7%), from €15,820 to €40
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 | €645,550 | €645,791 | +€241 | 0.0% |
| Fixed assets | 21/28 | €141,064 | €112,707 | -€28,358 | -20.1% |
| Tangible fixed assets | 22/27 | €12,549 | €8,400 | -€4,149 | -33.1% |
| Plant, machinery and equipment | 23 | €1,899 | €1,138 | -€761 | -40.1% |
| Furniture and vehicles | 24 | €10,650 | €7,262 | -€3,388 | -31.8% |
| Financial fixed assets | 28 | €128,515 | €104,307 | -€24,208 | -18.8% |
| Current assets | 29/58 | €504,485 | €533,084 | +€28,599 | +5.7% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €487,817 | €507,308 | +€19,491 | +4.0% |
| Trade receivables | 40 | €257,775 | €278,341 | +€20,566 | +8.0% |
| Other amounts receivable | 41 | €230,042 | €228,967 | -€1,075 | -0.5% |
| Cash at bank and in hand | 54/58 | €5,437 | €13,057 | +€7,620 | +140% |
| Deferred charges and accrued income | 490/1 | €8,231 | €9,719 | +€1,488 | +18.1% |
| Total equity and liabilities | 10/49 | €645,550 | €645,791 | +€241 | 0.0% |
| Equity | 10/15 | €162,968 | €132,255 | -€30,712 | -18.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €138,178 | €107,466 | -€30,712 | -22.2% |
| Distributable reserves | 133 | €138,178 | €107,466 | -€30,712 | -22.2% |
| Amounts payable | 17/49 | €482,582 | €513,535 | +€30,953 | +6.4% |
| Amounts payable after more than one year | 17 | €195,439 | €76,511 | -€118,928 | -60.9% |
| Financial debts | 170/4 | €195,439 | €76,511 | -€118,928 | -60.9% |
| Amounts payable within one year | 42/48 | €284,498 | €435,191 | +€150,694 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €17,922 | €18,928 | +€1,005 | +5.6% |
| Financial debts | 43 | €121,852 | €210,048 | +€88,195 | +72.4% |
| Credit institutions | 430/8 | €41,852 | €30,048 | -€11,805 | -28.2% |
| Other loans | 439 | €80,000 | €180,000 | +€100,000 | +125% |
| Trade debts | 44 | €67,432 | €161,660 | +€94,228 | +140% |
| Suppliers | 440/4 | €67,432 | €161,660 | +€94,228 | +140% |
| Taxes, remuneration and social security | 45 | €33,990 | €40,376 | +€6,386 | +18.8% |
| Taxes | 450/3 | €18,570 | €11,409 | -€7,161 | -38.6% |
| Remuneration and social security | 454/9 | €15,420 | €28,967 | +€13,547 | +87.9% |
| Other amounts payable | 47/48 | €43,301 | €4,180 | -€39,121 | -90.3% |
| Accrued charges and deferred income | 492/3 | €2,646 | €1,833 | -€813 | -30.7% |
| Non-recurring operating income | 76A | €5,191 | €0 | -€5,191 | -100% |
| Remuneration, social security and pensions | 62 | €126,660 | €238,409 | +€111,749 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €4,149 | -€141 | -3.3% |
| Other operating charges | 640/8 | €5,835 | €3,591 | -€2,244 | -38.5% |
| Gross operating margin | 9900 | €199,221 | €225,181 | +€25,960 | +13.0% |
| Operating profit (loss) | 9901 | €62,436 | -€20,968 | -€83,404 | |
| Financial income | 75/76B | €2,314 | €4,102 | +€1,788 | +77.3% |
| Recurring financial income | 75 | €2,314 | €1,201 | -€1,113 | -48.1% |
| Non-recurring financial income | 76B | - | €2,901 | +€2,901 | |
| Financial charges | 65/66B | €15,353 | €13,806 | -€1,547 | -10.1% |
| Recurring financial charges | 65 | €15,353 | €13,806 | -€1,547 | -10.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €49,397 | -€30,672 | -€80,069 | |
| Income taxes | 67/77 | €15,820 | €40 | -€15,780 | -99.7% |
| Profit (loss) for the period | 9904 | €33,577 | -€30,712 | -€64,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,577 | -€30,712 | -€64,289 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.