AQUATHERM TECHNICS: what changed
What changed
AQUATHERM TECHNICS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€15,605
2024 · €8,140+€7,465
Equity
€85,201
2024 · €69,596+€15,605
Cash
€6,820
2024 · €9,776-€2,956
Balance sheet total
€295,719
2024 · €286,695+€9,024
Largest movements
Assets
- Tangible fixed assets +€12,134
up €12,134 (+4.6%), from €263,234 to €275,368
of which Furniture and vehicles: +€19,696
Equity and liabilities
- Reserves +€15,605
up €15,605 (+28.6%), from €54,596 to €70,201
- Current portion of long-term debt +€5,487
up €5,487 (+26.1%), from €21,024 to €26,512
- Tax, wage and social debts -€3,730
down €3,730 (-98.8%), from €3,774 to €44
- Debts after one year -€3,720
down €3,720 (-2.3%), from €163,005 to €159,285
Income statement
- Gross operating margin +€18,608
up €18,608 (+75.8%), from €24,564 to €43,172
- Depreciation +€6,896
up €6,896 (+92.3%), from €7,470 to €14,366
- Taxes +€4,037
up €4,037 (+118%), from €3,429 to €7,465
- Financial charges +€459
up €459 (+11.8%), from €3,901 to €4,361
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,140
Gross operating margin
+€18,608
Depreciation
-€6,896
Other operating charges
-€56
Financial income
+€305
Financial charges
-€459
Taxes
-€4,037
Result 2025
€15,605
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,777
Investment
-€26,500
Financing
+€1,767
Cash 2024
€9,776
From operations (derived)
+€21,777
Net result for the year
+€15,605
Depreciation
+€14,366
Receivables after one year
+€1,873
Receivables within one year
-€2,235
Deferred charges and accrued income
+€516
Trade debts
-€2,147
Tax, wage and social debts
-€3,730
Other debts
-€2,532
Accrued charges and deferred income
+€60
Investment (derived)
-€26,500
Investment in fixed assets (net)
-€26,500
Financing
+€1,767
Debts after one year
-€3,720
Current portion of long-term debt
+€5,487
Cash 2025
€6,820
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,695 | €295,719 | +€9,024 | +3.1% |
| Fixed assets | 21/28 | €263,284 | €275,418 | +€12,134 | +4.6% |
| Tangible fixed assets | 22/27 | €263,234 | €275,368 | +€12,134 | +4.6% |
| Land and buildings | 22 | €261,943 | €255,024 | -€6,919 | -2.6% |
| Plant, machinery and equipment | 23 | €1,291 | €649 | -€642 | -49.8% |
| Furniture and vehicles | 24 | - | €19,696 | +€19,696 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €23,411 | €20,301 | -€3,110 | -13.3% |
| Amounts receivable after more than one year | 29 | €8,740 | €6,867 | -€1,873 | -21.4% |
| Other amounts receivable | 291 | €8,740 | €6,867 | -€1,873 | -21.4% |
| Amounts receivable within one year | 40/41 | €2,176 | €4,411 | +€2,235 | +103% |
| Trade receivables | 40 | €137 | €3,274 | +€3,138 | +2,296% |
| Other amounts receivable | 41 | €2,040 | €1,137 | -€903 | -44.3% |
| Cash at bank and in hand | 54/58 | €9,776 | €6,820 | -€2,956 | -30.2% |
| Deferred charges and accrued income | 490/1 | €2,718 | €2,202 | -€516 | -19.0% |
| Total equity and liabilities | 10/49 | €286,695 | €295,719 | +€9,024 | +3.1% |
| Equity | 10/15 | €69,596 | €85,201 | +€15,605 | +22.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €54,596 | €70,201 | +€15,605 | +28.6% |
| Distributable reserves | 133 | €54,596 | €70,201 | +€15,605 | +28.6% |
| Amounts payable | 17/49 | €217,099 | €210,518 | -€6,581 | -3.0% |
| Amounts payable after more than one year | 17 | €163,005 | €159,285 | -€3,720 | -2.3% |
| Financial debts | 170/4 | €163,005 | €159,285 | -€3,720 | -2.3% |
| Amounts payable within one year | 42/48 | €50,279 | €47,358 | -€2,921 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €21,024 | €26,512 | +€5,487 | +26.1% |
| Trade debts | 44 | €4,445 | €2,299 | -€2,147 | -48.3% |
| Suppliers | 440/4 | €4,445 | €2,299 | -€2,147 | -48.3% |
| Taxes, remuneration and social security | 45 | €3,774 | €44 | -€3,730 | -98.8% |
| Taxes | 450/3 | €3,774 | €44 | -€3,730 | -98.8% |
| Other amounts payable | 47/48 | €21,035 | €18,504 | -€2,532 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,815 | €3,875 | +€60 | +1.6% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,470 | €14,366 | +€6,896 | +92.3% |
| Other operating charges | 640/8 | €1,887 | €1,943 | +€56 | +3.0% |
| Gross operating margin | 9900 | €24,564 | €43,172 | +€18,608 | +75.8% |
| Operating profit (loss) | 9901 | €15,207 | €26,863 | +€11,656 | +76.6% |
| Financial income | 75/76B | €263 | €568 | +€305 | +116% |
| Recurring financial income | 75 | €263 | €568 | +€305 | +116% |
| Financial charges | 65/66B | €3,901 | €4,361 | +€459 | +11.8% |
| Recurring financial charges | 65 | €3,901 | €4,361 | +€459 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €11,569 | €23,070 | +€11,502 | +99.4% |
| Income taxes | 67/77 | €3,429 | €7,465 | +€4,037 | +118% |
| Profit (loss) for the period | 9904 | €8,140 | €15,605 | +€7,465 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,140 | €15,605 | +€7,465 | +91.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.