AQUASMILE: 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.
AQUASMILE
Largest movements
- Cash -€17,687
down €17,687 (-50.0%), from €35,345 to €17,658
mainly Debts after one year (-€15,469) and Net result for the year (-€10,619)
- Tangible fixed assets -€10,053
down €10,053 (-52.2%), from €19,263 to €9,209
of which Furniture and vehicles: -€11,058
- Receivables within one year -€1,880
down €1,880 (-44.8%), from €4,200 to €2,320
of which Other amounts receivable: -€2,350
- Debts after one year -€15,469
down €15,469 (-79.3%), from €19,498 to €4,029
- Profit (loss) carried forward -€10,619
down €10,619 (-38.8%), from -€27,344 to -€37,963
- Current portion of long-term debt -€7,116
down €7,116 (-31.5%), from €22,585 to €15,469
- Trade debts +€3,736
up €3,736 (+34.2%), from €10,925 to €14,662
- Depreciation -€3,063
down €3,063 (-19.7%), from €15,517 to €12,453
- Financial income +€1,303
up €1,303 (+140.1%), from €930 to €2,233
- Other operating charges -€1,182
down €1,182 (-41.7%), from €2,834 to €1,652
- Gross operating margin -€724
down €724 (-14.7%), from €4,938 to €4,214
- Financial charges -€376
down €376 (-11.3%), from €3,336 to €2,960
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
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 | €70,295 | €40,319 | -€29,976 | -42.6% |
| Fixed assets | 21/28 | €19,626 | €9,572 | -€10,053 | -51.2% |
| Tangible fixed assets | 22/27 | €19,263 | €9,209 | -€10,053 | -52.2% |
| Plant, machinery and equipment | 23 | €750 | €1,754 | +€1,004 | +134.0% |
| Furniture and vehicles | 24 | €18,513 | €7,455 | -€11,058 | -59.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €50,669 | €30,747 | -€19,922 | -39.3% |
| Stocks and contracts in progress | 3 | €10,752 | €10,440 | -€312 | -2.9% |
| Stocks | 30/36 | €10,752 | €10,440 | -€312 | -2.9% |
| Amounts receivable within one year | 40/41 | €4,200 | €2,320 | -€1,880 | -44.8% |
| Trade receivables | 40 | €1,850 | €2,320 | +€470 | +25.4% |
| Other amounts receivable | 41 | €2,350 | - | -€2,350 | |
| Cash at bank and in hand | 54/58 | €35,345 | €17,658 | -€17,687 | -50.0% |
| Deferred charges and accrued income | 490/1 | €372 | €329 | -€43 | -11.6% |
| Total equity and liabilities | 10/49 | €70,295 | €40,319 | -€29,976 | -42.6% |
| Equity | 10/15 | €6,477 | -€4,143 | -€10,619 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,620 | €27,620 | = | 0.0% |
| Distributable reserves | 133 | €27,620 | €27,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,344 | -€37,963 | -€10,619 | -38.8% |
| Amounts payable | 17/49 | €63,818 | €44,461 | -€19,357 | -30.3% |
| Amounts payable after more than one year | 17 | €19,498 | €4,029 | -€15,469 | -79.3% |
| Financial debts | 170/4 | €19,498 | €4,029 | -€15,469 | -79.3% |
| Amounts payable within one year | 42/48 | €44,320 | €40,432 | -€3,887 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €22,585 | €15,469 | -€7,116 | -31.5% |
| Trade debts | 44 | €10,925 | €14,662 | +€3,736 | +34.2% |
| Suppliers | 440/4 | €10,925 | €14,662 | +€3,736 | +34.2% |
| Taxes, remuneration and social security | 45 | €5,547 | €5,406 | -€141 | -2.5% |
| Taxes | 450/3 | €3,047 | €2,906 | -€141 | -4.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €5,262 | €4,896 | -€366 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,517 | €12,453 | -€3,063 | -19.7% |
| Other operating charges | 640/8 | €2,834 | €1,652 | -€1,182 | -41.7% |
| Gross operating margin | 9900 | €4,938 | €4,214 | -€724 | -14.7% |
| Operating profit (loss) | 9901 | -€13,413 | -€9,892 | +€3,521 | +26.3% |
| Financial income | 75/76B | €930 | €2,233 | +€1,303 | +140.1% |
| Recurring financial income | 75 | €930 | €2,233 | +€1,303 | +140.1% |
| Financial charges | 65/66B | €3,336 | €2,960 | -€376 | -11.3% |
| Recurring financial charges | 65 | €3,336 | €2,960 | -€376 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,819 | -€10,619 | +€5,199 | +32.9% |
| Profit (loss) for the period | 9904 | -€15,819 | -€10,619 | +€5,199 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,819 | -€10,619 | +€5,199 | +32.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.