Aquaqo: what changed
Aquaqo
Largest movements
- Receivables within one year +€38,940
up €38,940 (+271,360%), from €14 to €38,955
- Cash +€26,024
up €26,024 (+39.5%), from €65,895 to €91,919
mainly Net result for the year (+€58,122) and Tax, wage and social debts (+€15,996)
- Tangible fixed assets +€5,760
up €5,760 (+23.9%), from €24,089 to €29,848
of which Furniture and vehicles: +€4,632
- Reserves +€58,122
up €58,122 (+45.2%), from €128,514 to €186,636
of which Distributable reserves: +€58,122
- Tax, wage and social debts +€15,996
up €15,996 (+44.0%), from €36,348 to €52,344
of which Taxes: +€18,750
- Financial charges -€100,386
down €100,386 (-97.7%), from €102,704 to €2,317
- Gross operating margin +€48,108
up €48,108 (+97.9%), from €49,159 to €97,267
- Taxes +€12,718
up €12,718 (+96.4%), from €13,192 to €25,910
- Depreciation +€3,359
up €3,359 (+50.7%), from €6,631 to €9,990
- Other operating charges -€1,266
down €1,266 (-51.4%), from €2,461 to €1,195
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,854 | €220,323 | +€70,469 | +47.0% |
| Fixed assets | 21/28 | €80,559 | €86,318 | +€5,760 | +7.1% |
| Tangible fixed assets | 22/27 | €24,089 | €29,848 | +€5,760 | +23.9% |
| Plant, machinery and equipment | 23 | €6,749 | €8,848 | +€2,099 | +31.1% |
| Furniture and vehicles | 24 | €13,183 | €17,815 | +€4,632 | +35.1% |
| Other tangible fixed assets | 26 | €4,157 | €3,186 | -€971 | -23.4% |
| Financial fixed assets | 28 | €56,470 | €56,470 | = | 0.0% |
| Current assets | 29/58 | €69,296 | €134,005 | +€64,710 | +93.4% |
| Amounts receivable within one year | 40/41 | €14 | €38,955 | +€38,940 | +271,360% |
| Trade receivables | 40 | €14 | €38,955 | +€38,940 | +271,360% |
| Cash at bank and in hand | 54/58 | €65,895 | €91,919 | +€26,024 | +39.5% |
| Deferred charges and accrued income | 490/1 | €3,386 | €3,132 | -€255 | -7.5% |
| Total equity and liabilities | 10/49 | €149,854 | €220,323 | +€70,469 | +47.0% |
| Equity | 10/15 | €77,901 | €136,023 | +€58,122 | +74.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €128,514 | €186,636 | +€58,122 | +45.2% |
| Tax-exempt reserves | 132 | €9,768 | €9,768 | = | 0.0% |
| Distributable reserves | 133 | €118,747 | €176,869 | +€58,122 | +48.9% |
| Profit (loss) carried forward | 14 | -€75,613 | -€75,613 | = | 0.0% |
| Amounts payable | 17/49 | €71,953 | €84,301 | +€12,347 | +17.2% |
| Amounts payable within one year | 42/48 | €71,126 | €83,529 | +€12,403 | +17.4% |
| Trade debts | 44 | €3,640 | €1,468 | -€2,172 | -59.7% |
| Suppliers | 440/4 | €3,640 | €1,468 | -€2,172 | -59.7% |
| Taxes, remuneration and social security | 45 | €36,348 | €52,344 | +€15,996 | +44.0% |
| Taxes | 450/3 | €33,594 | €52,344 | +€18,750 | +55.8% |
| Remuneration and social security | 454/9 | €2,754 | - | -€2,754 | |
| Other amounts payable | 47/48 | €31,137 | €29,717 | -€1,420 | -4.6% |
| Accrued charges and deferred income | 492/3 | €827 | €772 | -€56 | -6.7% |
| Non-recurring operating income | 76A | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,631 | €9,990 | +€3,359 | +50.7% |
| Other operating charges | 640/8 | €2,461 | €1,195 | -€1,266 | -51.4% |
| Gross operating margin | 9900 | €49,159 | €97,267 | +€48,108 | +97.9% |
| Operating profit (loss) | 9901 | €40,067 | €86,081 | +€46,015 | +115% |
| Financial income | 75/76B | €216 | €268 | +€52 | +24.2% |
| Recurring financial income | 75 | €216 | €268 | +€52 | +24.2% |
| Financial charges | 65/66B | €102,704 | €2,317 | -€100,386 | -97.7% |
| Recurring financial charges | 65 | €102,704 | €2,317 | -€100,386 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€62,421 | €84,032 | +€146,453 | |
| Income taxes | 67/77 | €13,192 | €25,910 | +€12,718 | +96.4% |
| Profit (loss) for the period | 9904 | -€75,613 | €58,122 | +€133,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,613 | €58,122 | +€133,735 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.