AQUASTORE: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2010 and 2012
not consecutiveLargest movements
- Tangible fixed assets -€5,082
down €5,082 (-66.2%), from €7,676 to €2,594
- Current assets -€3,390
down €3,390 (-20.9%), from €16,210 to €12,820
of which Cash: -€3,414
- Debts within one year -€7,367
down €7,367 (-32.1%), from €22,983 to €15,616
- Debts after one year -€3,847
down €3,847 (-27.9%), from €13,767 to €9,920
- Profit (loss) carried forward +€2,742
up €2,742 (+13.8%), from -€19,832 to -€17,090
- Gross operating margin +€1,819
up €1,819 (+37.4%), from €4,866 to €6,685
- Depreciation -€956
down €956 (-27.8%), from €3,444 to €2,488
Change in the result, 2010 to 2012
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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2010 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,886 | €15,414 | -€8,472 | -35.5% |
| Fixed assets | 21/28 | €7,676 | €2,594 | -€5,082 | -66.2% |
| Tangible fixed assets | 22/27 | €7,676 | €2,594 | -€5,082 | -66.2% |
| Current assets | 29/58 | €16,210 | €12,820 | -€3,390 | -20.9% |
| Stocks and contracts in progress | 3 | €1,070 | - | -€1,070 | |
| Amounts receivable within one year | 40/41 | €10,606 | €12,095 | +€1,489 | +14.0% |
| Cash at bank and in hand | 54/58 | €3,414 | - | -€3,414 | |
| Total equity and liabilities | 10/49 | €23,886 | €15,414 | -€8,472 | -35.5% |
| Equity | 10/15 | -€12,864 | -€10,122 | +€2,742 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €768 | €768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,832 | -€17,090 | +€2,742 | +13.8% |
| Amounts payable | 17/49 | €36,750 | €25,536 | -€11,214 | -30.5% |
| Amounts payable after more than one year | 17 | €13,767 | €9,920 | -€3,847 | -27.9% |
| Amounts payable within one year | 42/48 | €22,983 | €15,616 | -€7,367 | -32.1% |
| Trade debts | 44 | €2,599 | €1,425 | -€1,174 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,444 | €2,488 | -€956 | -27.8% |
| Gross operating margin | 9900 | €4,866 | €6,685 | +€1,819 | +37.4% |
| Operating profit (loss) | 9901 | €713 | €3,508 | +€2,795 | +392% |
| Recurring financial charges | 65 | €276 | €423 | +€147 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €322 | €3,085 | +€2,763 | +857% |
| Profit (loss) for the period | 9904 | €322 | €3,085 | +€2,763 | +857% |
| Profit (loss) for the period to be appropriated | 9905 | €322 | €3,085 | +€2,763 | +857% |
Value
latest balance sheet 31-12-2012 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €0 · adjusted equity only
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- -€10,122
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- -€10,122
Capitalised earnings
- 2012
- €3,085
- 2010
- €322
- 2009
- -€8,755
- 2008
- €284
- Average result, excluding non-recurring income and charges
- -€1,783
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- not meaningful, as the average result is zero or negative
Your EBITDA multiple
- EBITDA 2012
- €5,996
- Net financial debt
- €9,920
- Your multiple
- -
- Value with your multiple
- -
These accounts do not break down the debts after one year. They count in full as financial debt.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2010 and 31 December 2012. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 14 November 2026 via checked.be.