AquaSafe: 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.
AquaSafe
Largest movements
- Receivables within one year -€46,836
down €46,836 (-51.2%), from €91,552 to €44,716
of which Trade receivables: -€39,507
- Tangible fixed assets -€22,756
down €22,756 (-79.6%), from €28,600 to €5,845
of which Plant, machinery and equipment: -€22,360
- Cash +€15,485
up €15,485 (+62.6%), from €24,742 to €40,227
mainly Receivables within one year (+€46,836) and Depreciation (+€17,780)
- Trade debts -€50,848
down €50,848 (-90.4%), from €56,236 to €5,388
- Tax, wage and social debts +€8,128
up €8,128 (+268%), from €3,028 to €11,155
- Debts after one year -€7,156
down €7,156 (-19.1%), from €37,373 to €30,217
- Current portion of long-term debt -€2,610
down €2,610 (-26.7%), from €9,765 to €7,156
- Profit (loss) carried forward -€1,950
down €1,950 (-25.3%), from -€7,716 to -€9,667
- Gross operating margin -€14,479
down €14,479 (-39.0%), from €37,124 to €22,645
- Depreciation -€3,293
down €3,293 (-15.6%), from €21,073 to €17,780
- Taxes -€2,147
down €2,147 (-93.8%), from €2,288 to €141
- Other operating charges +€1,004
up €1,004 (+182%), from €552 to €1,556
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 | €145,854 | €91,417 | -€54,436 | -37.3% |
| Fixed assets | 21/28 | €28,680 | €6,225 | -€22,456 | -78.3% |
| Tangible fixed assets | 22/27 | €28,600 | €5,845 | -€22,756 | -79.6% |
| Plant, machinery and equipment | 23 | €27,756 | €5,396 | -€22,360 | -80.6% |
| Furniture and vehicles | 24 | €844 | €449 | -€396 | -46.8% |
| Financial fixed assets | 28 | €80 | €380 | +€300 | +374% |
| Current assets | 29/58 | €117,173 | €85,193 | -€31,980 | -27.3% |
| Amounts receivable within one year | 40/41 | €91,552 | €44,716 | -€46,836 | -51.2% |
| Trade receivables | 40 | €80,672 | €41,165 | -€39,507 | -49.0% |
| Other amounts receivable | 41 | €10,879 | €3,550 | -€7,329 | -67.4% |
| Cash at bank and in hand | 54/58 | €24,742 | €40,227 | +€15,485 | +62.6% |
| Deferred charges and accrued income | 490/1 | €879 | €250 | -€629 | -71.6% |
| Total equity and liabilities | 10/49 | €145,854 | €91,417 | -€54,436 | -37.3% |
| Equity | 10/15 | €39,452 | €37,501 | -€1,950 | -4.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €26,708 | €26,708 | = | 0.0% |
| Distributable reserves | 133 | €26,708 | €26,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,716 | -€9,667 | -€1,950 | -25.3% |
| Amounts payable | 17/49 | €106,402 | €53,916 | -€52,486 | -49.3% |
| Amounts payable after more than one year | 17 | €37,373 | €30,217 | -€7,156 | -19.1% |
| Financial debts | 170/4 | €37,373 | €30,217 | -€7,156 | -19.1% |
| Amounts payable within one year | 42/48 | €69,029 | €23,699 | -€45,330 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €9,765 | €7,156 | -€2,610 | -26.7% |
| Trade debts | 44 | €56,236 | €5,388 | -€50,848 | -90.4% |
| Suppliers | 440/4 | €56,236 | €5,388 | -€50,848 | -90.4% |
| Taxes, remuneration and social security | 45 | €3,028 | €11,155 | +€8,128 | +268% |
| Taxes | 450/3 | €3,028 | €11,155 | +€8,128 | +268% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,073 | €17,780 | -€3,293 | -15.6% |
| Other operating charges | 640/8 | €552 | €1,556 | +€1,004 | +182% |
| Gross operating margin | 9900 | €37,124 | €22,645 | -€14,479 | -39.0% |
| Operating profit (loss) | 9901 | €15,499 | €3,309 | -€12,190 | -78.7% |
| Financial income | 75/76B | €24 | €4 | -€20 | -83.0% |
| Recurring financial income | 75 | €24 | €4 | -€20 | -83.0% |
| Financial charges | 65/66B | €5,190 | €5,122 | -€67 | -1.3% |
| Recurring financial charges | 65 | €5,190 | €5,122 | -€67 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €10,333 | -€1,810 | -€12,142 | |
| Income taxes | 67/77 | €2,288 | €141 | -€2,147 | -93.8% |
| Profit (loss) for the period | 9904 | €8,045 | -€1,950 | -€9,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,045 | -€1,950 | -€9,995 |
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 13 October 2026 via checked.be.