AQUANOVA IMMO: 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.
AQUANOVA IMMO
Largest movements
- Tangible fixed assets +€21,033
up €21,033 (+20.1%), from €104,530 to €125,563
of which Land and buildings: +€22,409
- Cash +€16,680
up €16,680 (+6.9%), from €243,457 to €260,137
mainly Net result for the year (+€37,150) and Depreciation (+€7,578)
- Reserves +€37,150
up €37,150 (+12.8%), from €289,523 to €326,673
- Gross operating margin +€9,987
up €9,987 (+17.0%), from €58,912 to €68,899
- Depreciation +€2,689
up €2,689 (+55.0%), from €4,890 to €7,578
- Taxes +€1,673
up €1,673 (+15.6%), from €10,710 to €12,383
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 | €349,778 | €387,169 | +€37,391 | +10.7% |
| Fixed assets | 21/28 | €104,530 | €125,563 | +€21,033 | +20.1% |
| Tangible fixed assets | 22/27 | €104,530 | €125,563 | +€21,033 | +20.1% |
| Land and buildings | 22 | €99,626 | €122,036 | +€22,409 | +22.5% |
| Plant, machinery and equipment | 23 | €4,904 | €3,527 | -€1,377 | -28.1% |
| Current assets | 29/58 | €245,248 | €261,606 | +€16,359 | +6.7% |
| Amounts receivable within one year | 40/41 | €1,790 | €283 | -€1,508 | -84.2% |
| Trade receivables | 40 | - | €79 | +€79 | |
| Other amounts receivable | 41 | €1,790 | €203 | -€1,587 | -88.6% |
| Cash at bank and in hand | 54/58 | €243,457 | €260,137 | +€16,680 | +6.9% |
| Deferred charges and accrued income | 490/1 | - | €1,187 | +€1,187 | |
| Total equity and liabilities | 10/49 | €349,778 | €387,169 | +€37,391 | +10.7% |
| Equity | 10/15 | €349,778 | €386,928 | +€37,150 | +10.6% |
| Contributions | 10/11 | €60,255 | €60,255 | = | 0.0% |
| Reserves | 13 | €289,523 | €326,673 | +€37,150 | +12.8% |
| Distributable reserves | 133 | €289,523 | €326,673 | +€37,150 | +12.8% |
| Amounts payable | 17/49 | €0 | €241 | +€241 | |
| Amounts payable within one year | 42/48 | €0 | €241 | +€241 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €241 | +€241 | |
| Taxes | 450/3 | €0 | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,890 | €7,578 | +€2,689 | +55.0% |
| Other operating charges | 640/8 | €11,389 | €11,742 | +€353 | +3.1% |
| Gross operating margin | 9900 | €58,912 | €68,899 | +€9,987 | +17.0% |
| Operating profit (loss) | 9901 | €42,633 | €49,578 | +€6,945 | +16.3% |
| Financial income | 75/76B | €250 | €0 | -€250 | -99.9% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -99.9% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €42,840 | €49,533 | +€6,694 | +15.6% |
| Income taxes | 67/77 | €10,710 | €12,383 | +€1,673 | +15.6% |
| Profit (loss) for the period | 9904 | €32,130 | €37,150 | +€5,020 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,130 | €37,150 | +€5,020 | +15.6% |
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 19 October 2026 via checked.be.