AQUARREA: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
AQUARREA
Largest movements
- Receivables within one year -€15,899
down €15,899 (-60.8%), from €26,165 to €10,267
of which Trade receivables: -€9,638
- Stocks and contracts +€10,248
up €10,248 (+349%), from €2,936 to €13,185
- Cash +€4,061
up €4,061 (+6.9%), from €58,731 to €62,792
mainly Receivables within one year (+€15,899) and Advances received (+€12,409)
- Tangible fixed assets -€2,548
down €2,548 (-45.4%), from €5,617 to €3,069
of which Furniture and vehicles: -€1,589
- Advances received +€12,409
new in 2025: €12,409
- Other debts -€9,947
down €9,947 (-99.5%), from €10,000 to €53
- Accrued charges and deferred income -€7,125
no longer reported in 2025 (was €7,125)
- Current portion of long-term debt -€3,577
down €3,577 (-74.7%), from €4,787 to €1,210
- Trade debts +€2,363
up €2,363 (+4.6%), from €51,910 to €54,274
- Gross operating margin -€2,183
down €2,183 (-26.1%), from €8,361 to €6,178
- Other operating charges +€673
up €673 (+159%), from €424 to €1,098
- Taxes -€524
down €524 (-25.3%), from €2,075 to €1,551
- Depreciation -€152
down €152 (-7.6%), from €2,002 to €1,850
- Financial income +€149
up €149 (+102%), from €146 to €295
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 | €93,621 | €89,447 | -€4,174 | -4.5% |
| Fixed assets | 21/28 | €5,617 | €3,069 | -€2,548 | -45.4% |
| Tangible fixed assets | 22/27 | €5,617 | €3,069 | -€2,548 | -45.4% |
| Plant, machinery and equipment | 23 | €2,146 | €1,187 | -€959 | -44.7% |
| Furniture and vehicles | 24 | €3,470 | €1,882 | -€1,589 | -45.8% |
| Current assets | 29/58 | €88,004 | €86,378 | -€1,626 | -1.8% |
| Stocks and contracts in progress | 3 | €2,936 | €13,185 | +€10,248 | +349% |
| Stocks | 30/36 | €2,936 | €13,185 | +€10,248 | +349% |
| Amounts receivable within one year | 40/41 | €26,165 | €10,267 | -€15,899 | -60.8% |
| Trade receivables | 40 | €16,253 | €6,615 | -€9,638 | -59.3% |
| Other amounts receivable | 41 | €9,912 | €3,652 | -€6,260 | -63.2% |
| Cash at bank and in hand | 54/58 | €58,731 | €62,792 | +€4,061 | +6.9% |
| Deferred charges and accrued income | 490/1 | €172 | €135 | -€38 | -21.8% |
| Total equity and liabilities | 10/49 | €93,621 | €89,447 | -€4,174 | -4.5% |
| Equity | 10/15 | €19,798 | €21,502 | +€1,704 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €227 | €243 | +€16 | +7.1% |
| Tax-exempt reserves | 132 | - | €16 | +€16 | |
| Distributable reserves | 133 | €227 | €227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €971 | €2,660 | +€1,688 | +174% |
| Amounts payable | 17/49 | €73,823 | €67,945 | -€5,878 | -8.0% |
| Amounts payable within one year | 42/48 | €66,697 | €67,945 | +€1,247 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,787 | €1,210 | -€3,577 | -74.7% |
| Trade debts | 44 | €51,910 | €54,274 | +€2,363 | +4.6% |
| Suppliers | 440/4 | €51,910 | €54,274 | +€2,363 | +4.6% |
| Advances received on contracts in progress | 46 | - | €12,409 | +€12,409 | |
| Other amounts payable | 47/48 | €10,000 | €53 | -€9,947 | -99.5% |
| Accrued charges and deferred income | 492/3 | €7,125 | - | -€7,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,002 | €1,850 | -€152 | -7.6% |
| Other operating charges | 640/8 | €424 | €1,098 | +€673 | +159% |
| Gross operating margin | 9900 | €8,361 | €6,178 | -€2,183 | -26.1% |
| Operating profit (loss) | 9901 | €5,935 | €3,231 | -€2,704 | -45.6% |
| Financial income | 75/76B | €146 | €295 | +€149 | +102% |
| Recurring financial income | 75 | €146 | €295 | +€149 | +102% |
| Financial charges | 65/66B | €268 | €271 | +€3 | +1.0% |
| Recurring financial charges | 65 | €268 | €271 | +€3 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,813 | €3,255 | -€2,558 | -44.0% |
| Income taxes | 67/77 | €2,075 | €1,551 | -€524 | -25.3% |
| Profit (loss) for the period | 9904 | €3,738 | €1,704 | -€2,034 | -54.4% |
| Transfer to tax-exempt reserves | 689 | - | €16 | +€16 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,738 | €1,688 | -€2,050 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.