Aquann: 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.
Aquann
Largest movements
- Deferred charges and accrued income +€39,660
up €39,660 (+2,057%), from €1,928 to €41,588
- Intangible fixed assets -€39,548
down €39,548 (-16.7%), from €237,289 to €197,741
- Current investments +€29,000
new in 2025: €29,000
- Receivables within one year -€11,495
down €11,495 (-79.4%), from €14,470 to €2,975
of which Trade receivables: -€12,890
- Tangible fixed assets -€6,541
down €6,541 (-7.8%), from €83,658 to €77,117
of which Land and buildings: -€6,765
- Reserves +€51,000
up €51,000 (+72.9%), from €70,000 to €121,000
- Other debts +€43,332
up €43,332 (+9,208%), from €471 to €43,803
- Debts after one year -€42,181
down €42,181 (-18.5%), from €227,508 to €185,327
- Trade debts -€38,462
down €38,462 (-79.5%), from €48,368 to €9,907
- Tax, wage and social debts -€4,751
no longer reported in 2025 (was €4,751)
- Gross operating margin -€26,783
down €26,783 (-16.9%), from €158,804 to €132,021
- Taxes -€4,815
down €4,815 (-26.1%), from €18,420 to €13,605
- Financial charges -€2,637
down €2,637 (-22.0%), from €12,012 to €9,374
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 | €393,186 | €403,607 | +€10,421 | +2.7% |
| Fixed assets | 21/28 | €320,947 | €274,858 | -€46,090 | -14.4% |
| Intangible fixed assets | 21 | €237,289 | €197,741 | -€39,548 | -16.7% |
| Tangible fixed assets | 22/27 | €83,658 | €77,117 | -€6,541 | -7.8% |
| Land and buildings | 22 | €54,577 | €47,812 | -€6,765 | -12.4% |
| Plant, machinery and equipment | 23 | €28,129 | €23,345 | -€4,784 | -17.0% |
| Furniture and vehicles | 24 | €951 | €725 | -€226 | -23.8% |
| Other tangible fixed assets | 26 | - | €5,235 | +€5,235 | |
| Current assets | 29/58 | €72,239 | €128,749 | +€56,511 | +78.2% |
| Amounts receivable within one year | 40/41 | €14,470 | €2,975 | -€11,495 | -79.4% |
| Trade receivables | 40 | €12,890 | - | -€12,890 | |
| Other amounts receivable | 41 | €1,580 | €2,975 | +€1,395 | +88.3% |
| Current investments | 50/53 | - | €29,000 | +€29,000 | |
| Cash at bank and in hand | 54/58 | €55,841 | €55,187 | -€654 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,928 | €41,588 | +€39,660 | +2,057% |
| Total equity and liabilities | 10/49 | €393,186 | €403,607 | +€10,421 | +2.7% |
| Equity | 10/15 | €71,447 | €122,390 | +€50,943 | +71.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €121,000 | +€51,000 | +72.9% |
| Distributable reserves | 133 | €70,000 | €121,000 | +€51,000 | +72.9% |
| Profit (loss) carried forward | 14 | €447 | €390 | -€57 | -12.7% |
| Amounts payable | 17/49 | €321,739 | €281,217 | -€40,522 | -12.6% |
| Amounts payable after more than one year | 17 | €227,508 | €185,327 | -€42,181 | -18.5% |
| Financial debts | 170/4 | €227,508 | €185,327 | -€42,181 | -18.5% |
| Amounts payable within one year | 42/48 | €94,231 | €95,890 | +€1,659 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €40,641 | €42,181 | +€1,540 | +3.8% |
| Trade debts | 44 | €48,368 | €9,907 | -€38,462 | -79.5% |
| Suppliers | 440/4 | €48,368 | €9,907 | -€38,462 | -79.5% |
| Taxes, remuneration and social security | 45 | €4,751 | - | -€4,751 | |
| Remuneration and social security | 454/9 | €4,751 | - | -€4,751 | |
| Other amounts payable | 47/48 | €471 | €43,803 | +€43,332 | +9,208% |
| Remuneration, social security and pensions | 62 | €2,300 | €1,155 | -€1,146 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,090 | €53,488 | +€1,398 | +2.7% |
| Other operating charges | 640/8 | €3,536 | €3,479 | -€57 | -1.6% |
| Gross operating margin | 9900 | €158,804 | €132,021 | -€26,783 | -16.9% |
| Operating profit (loss) | 9901 | €100,878 | €73,900 | -€26,978 | -26.7% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €12,012 | €9,374 | -€2,637 | -22.0% |
| Recurring financial charges | 65 | €12,012 | €9,374 | -€2,637 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €88,867 | €64,548 | -€24,319 | -27.4% |
| Income taxes | 67/77 | €18,420 | €13,605 | -€4,815 | -26.1% |
| Profit (loss) for the period | 9904 | €70,447 | €50,943 | -€19,504 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,447 | €50,943 | -€19,504 | -27.7% |
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 18 October 2026 via checked.be.