Aquasec: 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.
Aquasec
Largest movements
- Receivables within one year -€20,111
down €20,111 (-65.8%), from €30,563 to €10,452
of which Trade receivables: -€11,327
- Stocks and contracts +€3,750
up €3,750 (+94.7%), from €3,960 to €7,710
of which Contracts in progress: +€3,500
- Cash -€3,244
down €3,244 (-100%), from €3,244 to €0
mainly Net result for the year (-€68,295) and Stocks and contracts (-€3,750)
- Intangible fixed assets -€2,067
down €2,067 (-53.6%), from €3,856 to €1,789
- Tangible fixed assets -€900
down €900 (-28.7%), from €3,133 to €2,234
- Profit (loss) carried forward -€68,295
down €68,295, from €2,697 to -€65,598
- Trade debts +€28,154
up €28,154 (+78.7%), from €35,761 to €63,914
- Tax, wage and social debts +€7,280
up €7,280 (+112%), from €6,476 to €13,756
of which Remuneration and social security: +€7,081
- Accrued charges and deferred income +€7,118
up €7,118 (+11,573%), from €62 to €7,180
- Short-term financial debts +€3,412
new in 2025: €3,412
- Gross operating margin -€56,072
down €56,072, from €55,327 to -€744
- Staff costs +€14,688
up €14,688 (+30.5%), from €48,147 to €62,835
- Taxes -€779
down €779 (-60.9%), from €1,279 to €500
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 | €46,995 | €24,664 | -€22,331 | -47.5% |
| Fixed assets | 21/28 | €6,989 | €4,023 | -€2,966 | -42.4% |
| Intangible fixed assets | 21 | €3,856 | €1,789 | -€2,067 | -53.6% |
| Tangible fixed assets | 22/27 | €3,133 | €2,234 | -€900 | -28.7% |
| Plant, machinery and equipment | 23 | €3,133 | €2,234 | -€900 | -28.7% |
| Current assets | 29/58 | €40,006 | €20,641 | -€19,364 | -48.4% |
| Stocks and contracts in progress | 3 | €3,960 | €7,710 | +€3,750 | +94.7% |
| Stocks | 30/36 | €1,330 | €1,580 | +€250 | +18.8% |
| Contracts in progress | 37 | €2,630 | €6,130 | +€3,500 | +133% |
| Amounts receivable within one year | 40/41 | €30,563 | €10,452 | -€20,111 | -65.8% |
| Trade receivables | 40 | €19,549 | €8,221 | -€11,327 | -57.9% |
| Other amounts receivable | 41 | €11,015 | €2,231 | -€8,784 | -79.7% |
| Cash at bank and in hand | 54/58 | €3,244 | €0 | -€3,244 | -100% |
| Deferred charges and accrued income | 490/1 | €2,239 | €2,479 | +€240 | +10.7% |
| Total equity and liabilities | 10/49 | €46,995 | €24,664 | -€22,331 | -47.5% |
| Equity | 10/15 | €4,697 | -€63,598 | -€68,295 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,697 | -€65,598 | -€68,295 | |
| Amounts payable | 17/49 | €42,298 | €88,262 | +€45,964 | +109% |
| Amounts payable within one year | 42/48 | €42,237 | €81,082 | +€38,845 | +92.0% |
| Financial debts | 43 | - | €3,412 | +€3,412 | |
| Credit institutions | 430/8 | - | €3,412 | +€3,412 | |
| Trade debts | 44 | €35,761 | €63,914 | +€28,154 | +78.7% |
| Suppliers | 440/4 | €35,761 | €63,914 | +€28,154 | +78.7% |
| Taxes, remuneration and social security | 45 | €6,476 | €13,756 | +€7,280 | +112% |
| Taxes | 450/3 | €1,115 | €1,315 | +€199 | +17.8% |
| Remuneration and social security | 454/9 | €5,361 | €12,441 | +€7,081 | +132% |
| Accrued charges and deferred income | 492/3 | €62 | €7,180 | +€7,118 | +11,573% |
| Remuneration, social security and pensions | 62 | €48,147 | €62,835 | +€14,688 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,632 | €2,966 | +€334 | +12.7% |
| Other operating charges | 640/8 | €930 | €1,070 | +€140 | +15.0% |
| Gross operating margin | 9900 | €55,327 | -€744 | -€56,072 | |
| Operating profit (loss) | 9901 | €3,618 | -€67,615 | -€71,233 | |
| Financial income | 75/76B | €8 | €127 | +€120 | +1,517% |
| Recurring financial income | 75 | €8 | €127 | +€120 | +1,517% |
| Financial charges | 65/66B | €151 | €307 | +€156 | +103% |
| Recurring financial charges | 65 | €151 | €307 | +€156 | +103% |
| Profit (loss) for the period before taxes | 9903 | €3,475 | -€67,795 | -€71,269 | |
| Income taxes | 67/77 | €1,279 | €500 | -€779 | -60.9% |
| Profit (loss) for the period | 9904 | €2,196 | -€68,295 | -€70,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,196 | -€68,295 | -€70,491 |
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.