AQUATEC: 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.
AQUATEC
Largest movements
- Tangible fixed assets +€555,946
up €555,946 (+72.7%), from €764,820 to €1.3m
of which Land and buildings: +€369,949
- Stocks and contracts +€120,048
up €120,048 (+34.7%), from €346,204 to €466,253
of which Stocks: +€120,048
- Cash +€76,107
up €76,107 (+131%), from €57,948 to €134,055
mainly Debts after one year (+€487,457) and Depreciation (+€166,051)
- Current investments +€39,204
up €39,204 (+4,769%), from €822 to €40,026
- Receivables within one year +€31,799
up €31,799 (+6.1%), from €518,607 to €550,406
of which Other amounts receivable: +€20,759
- Debts after one year +€487,457
up €487,457 (+121%), from €404,431 to €891,888
- Trade debts +€143,881
up €143,881 (+26.8%), from €537,423 to €681,305
- Short-term financial debts +€135,956
up €135,956 (+60.7%), from €224,057 to €360,013
- Current portion of long-term debt +€74,494
up €74,494 (+89.5%), from €83,209 to €157,703
- Other debts -€30,508
down €30,508 (-22.0%), from €138,766 to €108,258
- Gross operating margin +€121,933
up €121,933 (+19.5%), from €626,876 to €748,809
- Staff costs +€107,064
up €107,064 (+38.8%), from €276,210 to €383,274
- Depreciation +€19,119
up €19,119 (+13.0%), from €146,932 to €166,051
- Financial charges +€15,821
up €15,821 (+59.1%), from €26,756 to €42,576
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 | €1,712,499 | €2,539,975 | +€827,476 | +48.3% |
| Fixed assets | 21/28 | €771,488 | €1,327,434 | +€555,946 | +72.1% |
| Tangible fixed assets | 22/27 | €764,820 | €1,320,766 | +€555,946 | +72.7% |
| Land and buildings | 22 | €601,452 | €971,401 | +€369,949 | +61.5% |
| Plant, machinery and equipment | 23 | €46,870 | €53,619 | +€6,748 | +14.4% |
| Furniture and vehicles | 24 | €53,602 | €46,516 | -€7,086 | -13.2% |
| Leasing and similar rights | 25 | €62,896 | €249,231 | +€186,335 | +296% |
| Financial fixed assets | 28 | €6,668 | €6,668 | = | 0.0% |
| Current assets | 29/58 | €941,011 | €1,212,541 | +€271,530 | +28.9% |
| Stocks and contracts in progress | 3 | €346,204 | €466,253 | +€120,048 | +34.7% |
| Stocks | 30/36 | €346,204 | €466,253 | +€120,048 | +34.7% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €518,607 | €550,406 | +€31,799 | +6.1% |
| Trade receivables | 40 | €452,016 | €463,055 | +€11,039 | +2.4% |
| Other amounts receivable | 41 | €66,591 | €87,351 | +€20,759 | +31.2% |
| Current investments | 50/53 | €822 | €40,026 | +€39,204 | +4,769% |
| Cash at bank and in hand | 54/58 | €57,948 | €134,055 | +€76,107 | +131% |
| Deferred charges and accrued income | 490/1 | €17,430 | €21,802 | +€4,372 | +25.1% |
| Total equity and liabilities | 10/49 | €1,712,499 | €2,539,975 | +€827,476 | +48.3% |
| Equity | 10/15 | €308,143 | €298,445 | -€9,698 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,943 | €292,245 | -€9,698 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €300,083 | €290,385 | -€9,698 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,404,356 | €2,241,530 | +€837,174 | +59.6% |
| Amounts payable after more than one year | 17 | €404,431 | €891,888 | +€487,457 | +121% |
| Financial debts | 170/4 | €404,431 | €891,888 | +€487,457 | +121% |
| Amounts payable within one year | 42/48 | €999,925 | €1,349,642 | +€349,717 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €83,209 | €157,703 | +€74,494 | +89.5% |
| Financial debts | 43 | €224,057 | €360,013 | +€135,956 | +60.7% |
| Credit institutions | 430/8 | €224,057 | €360,013 | +€135,956 | +60.7% |
| Trade debts | 44 | €537,423 | €681,305 | +€143,881 | +26.8% |
| Suppliers | 440/4 | €537,423 | €681,305 | +€143,881 | +26.8% |
| Taxes, remuneration and social security | 45 | €16,469 | €42,364 | +€25,894 | +157% |
| Taxes | 450/3 | €4,620 | €27,621 | +€23,001 | +498% |
| Remuneration and social security | 454/9 | €11,850 | €14,743 | +€2,893 | +24.4% |
| Other amounts payable | 47/48 | €138,766 | €108,258 | -€30,508 | -22.0% |
| Remuneration, social security and pensions | 62 | €276,210 | €383,274 | +€107,064 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,932 | €166,051 | +€19,119 | +13.0% |
| Other operating charges | 640/8 | €14,376 | €16,111 | +€1,736 | +12.1% |
| Non-recurring operating charges | 66A | €1,576 | €0 | -€1,576 | -100% |
| Gross operating margin | 9900 | €626,876 | €748,809 | +€121,933 | +19.5% |
| Operating profit (loss) | 9901 | €187,782 | €183,372 | -€4,410 | -2.3% |
| Financial income | 75/76B | €2,563 | €709 | -€1,854 | -72.3% |
| Recurring financial income | 75 | €2,563 | €709 | -€1,854 | -72.3% |
| Financial charges | 65/66B | €26,756 | €42,576 | +€15,821 | +59.1% |
| Recurring financial charges | 65 | €26,756 | €42,576 | +€15,821 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €163,589 | €141,505 | -€22,084 | -13.5% |
| Income taxes | 67/77 | €30,620 | €33,001 | +€2,381 | +7.8% |
| Profit (loss) for the period | 9904 | €132,969 | €108,503 | -€24,466 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,969 | €108,503 | -€24,466 | -18.4% |
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 20 October 2026 via checked.be.