Aquasoudure: 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.
Aquasoudure
Largest movements
- Cash +€97,992
up €97,992 (+46.8%), from €209,530 to €307,522
mainly Other debts (+€292,228) and Net result for the year (+€101,563)
- Receivables within one year -€9,462
down €9,462 (-18.8%), from €50,349 to €40,887
of which Trade receivables: -€10,004
- Stocks and contracts -€6,694
down €6,694 (-18.9%), from €35,350 to €28,657
- Other debts +€292,228
up €292,228 (+1,483%), from €19,701 to €311,929
- Profit (loss) carried forward -€203,486
no longer reported in 2025 (was €203,486)
- Trade debts -€16,970
down €16,970 (-84.6%), from €20,068 to €3,098
- Tax, wage and social debts +€7,888
up €7,888 (+47.5%), from €16,612 to €24,499
of which Remuneration and social security: +€10,760
- Gross operating margin +€73,171
up €73,171 (+67.7%), from €108,145 to €181,316
- Staff costs +€16,770
up €16,770 (+49.6%), from €33,832 to €50,602
- Taxes +€10,130
up €10,130 (+71.2%), from €14,235 to €24,365
- Depreciation -€3,432
down €3,432 (-55.2%), from €6,212 to €2,780
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 | €302,871 | €382,549 | +€79,679 | +26.3% |
| Fixed assets | 21/28 | €4,839 | €3,047 | -€1,793 | -37.0% |
| Tangible fixed assets | 22/27 | €4,664 | €2,872 | -€1,793 | -38.4% |
| Plant, machinery and equipment | 23 | €2,435 | €1,492 | -€944 | -38.7% |
| Furniture and vehicles | 24 | €1,829 | €1,380 | -€449 | -24.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €400 | - | -€400 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €298,031 | €379,503 | +€81,471 | +27.3% |
| Stocks and contracts in progress | 3 | €35,350 | €28,657 | -€6,694 | -18.9% |
| Stocks | 30/36 | €35,350 | €28,657 | -€6,694 | -18.9% |
| Amounts receivable within one year | 40/41 | €50,349 | €40,887 | -€9,462 | -18.8% |
| Trade receivables | 40 | €47,303 | €37,299 | -€10,004 | -21.1% |
| Other amounts receivable | 41 | €3,046 | €3,588 | +€542 | +17.8% |
| Cash at bank and in hand | 54/58 | €209,530 | €307,522 | +€97,992 | +46.8% |
| Deferred charges and accrued income | 490/1 | €2,802 | €2,437 | -€365 | -13.0% |
| Total equity and liabilities | 10/49 | €302,871 | €382,549 | +€79,679 | +26.3% |
| Equity | 10/15 | €246,477 | €42,991 | -€203,486 | -82.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €41,491 | €41,491 | = | 0.0% |
| Distributable reserves | 133 | €41,491 | €41,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,486 | - | -€203,486 | |
| Amounts payable | 17/49 | €56,393 | €339,558 | +€283,165 | +502% |
| Amounts payable within one year | 42/48 | €56,381 | €339,526 | +€283,145 | +502% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €20,068 | €3,098 | -€16,970 | -84.6% |
| Suppliers | 440/4 | €20,068 | €3,098 | -€16,970 | -84.6% |
| Taxes, remuneration and social security | 45 | €16,612 | €24,499 | +€7,888 | +47.5% |
| Taxes | 450/3 | €14,262 | €11,390 | -€2,872 | -20.1% |
| Remuneration and social security | 454/9 | €2,349 | €13,109 | +€10,760 | +458% |
| Other amounts payable | 47/48 | €19,701 | €311,929 | +€292,228 | +1,483% |
| Accrued charges and deferred income | 492/3 | €12 | €32 | +€20 | +159% |
| Remuneration, social security and pensions | 62 | €33,832 | €50,602 | +€16,770 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,212 | €2,780 | -€3,432 | -55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,856 | €1,403 | -€1,453 | -50.9% |
| Other operating charges | 640/8 | €689 | €634 | -€55 | -8.0% |
| Gross operating margin | 9900 | €108,145 | €181,316 | +€73,171 | +67.7% |
| Operating profit (loss) | 9901 | €64,557 | €125,897 | +€61,341 | +95.0% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €77 | €43 | -€34 | -44.2% |
| Recurring financial charges | 65 | €77 | €43 | -€34 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €64,480 | €125,928 | +€61,448 | +95.3% |
| Income taxes | 67/77 | €14,235 | €24,365 | +€10,130 | +71.2% |
| Profit (loss) for the period | 9904 | €50,245 | €101,563 | +€51,318 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €50,245 | €101,563 | +€51,318 | +102% |
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 30 October 2026 via checked.be.