AQUARIUS: 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.
AQUARIUS
Largest movements
- Receivables within one year +€90,251
up €90,251 (+187.4%), from €48,156 to €138,407
of which Trade receivables: +€95,566
- Tangible fixed assets -€42,780
down €42,780 (-19.7%), from €216,658 to €173,878
of which Plant, machinery and equipment: -€27,095
- Trade debts +€125,607
up €125,607 (+101.2%), from €124,058 to €249,665
- Short-term financial debts -€43,525
down €43,525 (-57.3%), from €75,902 to €32,376
- Other debts -€36,300
down €36,300 (-35.6%), from €101,932 to €65,632
- Gross operating margin -€44,192
down €44,192 (-58.1%), from €76,006 to €31,814
- Financial income +€29,862
up €29,862 (+21599.8%), from €138 to €30,000
- Financial charges -€8,754
down €8,754 (-59.2%), from €14,795 to €6,041
- Taxes +€4,904
up €4,904 (+735.6%), from €667 to €5,571
- Other operating charges -€1,525
down €1,525 (-23.6%), from €6,458 to €4,933
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,671 | €475,078 | +€47,407 | +11.1% |
| Fixed assets | 21/28 | €366,658 | €323,878 | -€42,780 | -11.7% |
| Tangible fixed assets | 22/27 | €216,658 | €173,878 | -€42,780 | -19.7% |
| Land and buildings | 22 | €127,904 | €114,562 | -€13,342 | -10.4% |
| Plant, machinery and equipment | 23 | €78,951 | €51,856 | -€27,095 | -34.3% |
| Furniture and vehicles | 24 | €9,571 | €7,344 | -€2,226 | -23.3% |
| Other tangible fixed assets | 26 | €232 | €116 | -€116 | -50.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €61,014 | €151,200 | +€90,186 | +147.8% |
| Amounts receivable within one year | 40/41 | €48,156 | €138,407 | +€90,251 | +187.4% |
| Trade receivables | 40 | €27,757 | €123,324 | +€95,566 | +344.3% |
| Other amounts receivable | 41 | €20,399 | €15,083 | -€5,316 | -26.1% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,858 | €2,793 | -€64 | -2.2% |
| Total equity and liabilities | 10/49 | €427,671 | €475,078 | +€47,407 | +11.1% |
| Equity | 10/15 | €118,921 | €121,410 | +€2,490 | +2.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €56,947 | €59,437 | +€2,490 | +4.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €50,750 | €53,240 | +€2,490 | +4.9% |
| Amounts payable | 17/49 | €308,750 | €353,668 | +€44,917 | +14.5% |
| Amounts payable within one year | 42/48 | €303,196 | €348,653 | +€45,457 | +15.0% |
| Financial debts | 43 | €75,902 | €32,376 | -€43,525 | -57.3% |
| Credit institutions | 430/8 | €75,902 | €32,376 | -€43,525 | -57.3% |
| Trade debts | 44 | €124,058 | €249,665 | +€125,607 | +101.2% |
| Suppliers | 440/4 | €124,058 | €249,665 | +€125,607 | +101.2% |
| Taxes, remuneration and social security | 45 | €1,304 | €980 | -€324 | -24.9% |
| Taxes | 450/3 | €1,304 | €980 | -€324 | -24.9% |
| Other amounts payable | 47/48 | €101,932 | €65,632 | -€36,300 | -35.6% |
| Accrued charges and deferred income | 492/3 | €5,554 | €5,014 | -€540 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,644 | €42,780 | +€1,135 | +2.7% |
| Other operating charges | 640/8 | €6,458 | €4,933 | -€1,525 | -23.6% |
| Gross operating margin | 9900 | €76,006 | €31,814 | -€44,192 | -58.1% |
| Operating profit (loss) | 9901 | €27,904 | -€15,898 | -€43,802 | |
| Financial income | 75/76B | €138 | €30,000 | +€29,862 | +21599.8% |
| Recurring financial income | 75 | €138 | €30,000 | +€29,862 | +21599.8% |
| Financial charges | 65/66B | €14,795 | €6,041 | -€8,754 | -59.2% |
| Recurring financial charges | 65 | €14,795 | €6,041 | -€8,754 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €13,246 | €8,060 | -€5,186 | -39.2% |
| Income taxes | 67/77 | €667 | €5,571 | +€4,904 | +735.6% |
| Profit (loss) for the period | 9904 | €12,580 | €2,490 | -€10,090 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,580 | €2,490 | -€10,090 | -80.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.