AQUATHERMIX: 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.
AQUATHERMIX
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€21,227
down €21,227 (-6.0%), from €355,684 to €334,457
of which Land and buildings: -€19,072
- Stocks and contracts +€12,605
up €12,605 (+118%), from €10,640 to €23,245
- Reserves +€68,250
up €68,250 (+62.0%), from €110,000 to €178,250
- Tax, wage and social debts +€36,506
up €36,506 (+111%), from €32,911 to €69,418
of which Remuneration and social security: +€20,367
- Debts after one year -€11,172
down €11,172 (-4.0%), from €281,374 to €270,202
- Gross operating margin +€94,469
up €94,469 (+26.1%), from €361,911 to €456,381
- Staff costs +€41,735
up €41,735 (+15.4%), from €271,420 to €313,154
- Taxes +€13,839
up €13,839 (+77.6%), from €17,835 to €31,674
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 | €634,973 | €727,545 | +€92,572 | +14.6% |
| Fixed assets | 21/28 | €369,480 | €341,954 | -€27,527 | -7.5% |
| Intangible fixed assets | 21 | €12,600 | €6,300 | -€6,300 | -50.0% |
| Tangible fixed assets | 22/27 | €355,684 | €334,457 | -€21,227 | -6.0% |
| Land and buildings | 22 | €328,841 | €309,769 | -€19,072 | -5.8% |
| Plant, machinery and equipment | 23 | €2,924 | €1,606 | -€1,317 | -45.1% |
| Furniture and vehicles | 24 | €4,044 | €3,354 | -€690 | -17.1% |
| Other tangible fixed assets | 26 | €19,875 | €19,728 | -€147 | -0.7% |
| Financial fixed assets | 28 | €1,196 | €1,196 | = | 0.0% |
| Current assets | 29/58 | €265,493 | €385,592 | +€120,099 | +45.2% |
| Stocks and contracts in progress | 3 | €10,640 | €23,245 | +€12,605 | +118% |
| Stocks | 30/36 | €10,640 | €23,245 | +€12,605 | +118% |
| Amounts receivable within one year | 40/41 | €71,276 | €70,895 | -€382 | -0.5% |
| Trade receivables | 40 | €59,846 | €62,224 | +€2,378 | +4.0% |
| Other amounts receivable | 41 | €11,431 | €8,671 | -€2,760 | -24.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €173,976 | €180,681 | +€6,705 | +3.9% |
| Deferred charges and accrued income | 490/1 | €9,601 | €10,771 | +€1,170 | +12.2% |
| Total equity and liabilities | 10/49 | €634,973 | €727,545 | +€92,572 | +14.6% |
| Equity | 10/15 | €266,254 | €334,520 | +€68,266 | +25.6% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €110,000 | €178,250 | +€68,250 | +62.0% |
| Distributable reserves | 133 | €110,000 | €178,250 | +€68,250 | +62.0% |
| Profit (loss) carried forward | 14 | €148,199 | €148,215 | +€16 | 0.0% |
| Amounts payable | 17/49 | €368,719 | €393,025 | +€24,306 | +6.6% |
| Amounts payable after more than one year | 17 | €281,374 | €270,202 | -€11,172 | -4.0% |
| Financial debts | 170/4 | €281,374 | €270,202 | -€11,172 | -4.0% |
| Amounts payable within one year | 42/48 | €87,344 | €122,823 | +€35,478 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €10,784 | €11,172 | +€388 | +3.6% |
| Trade debts | 44 | €43,649 | €42,233 | -€1,416 | -3.2% |
| Suppliers | 440/4 | €43,649 | €42,233 | -€1,416 | -3.2% |
| Taxes, remuneration and social security | 45 | €32,911 | €69,418 | +€36,506 | +111% |
| Taxes | 450/3 | €11,769 | €27,908 | +€16,139 | +137% |
| Remuneration and social security | 454/9 | €21,142 | €41,509 | +€20,367 | +96.3% |
| Remuneration, social security and pensions | 62 | €271,420 | €313,154 | +€41,735 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,993 | €30,429 | +€1,436 | +5.0% |
| Other operating charges | 640/8 | €888 | €2,578 | +€1,690 | +190% |
| Gross operating margin | 9900 | €361,911 | €456,381 | +€94,469 | +26.1% |
| Operating profit (loss) | 9901 | €60,611 | €110,219 | +€49,609 | +81.8% |
| Financial income | 75/76B | €486 | €1,251 | +€764 | +157% |
| Recurring financial income | 75 | €486 | €1,251 | +€764 | +157% |
| Financial charges | 65/66B | €10,932 | €11,529 | +€597 | +5.5% |
| Recurring financial charges | 65 | €10,932 | €11,529 | +€597 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €50,164 | €99,940 | +€49,776 | +99.2% |
| Income taxes | 67/77 | €17,835 | €31,674 | +€13,839 | +77.6% |
| Profit (loss) for the period | 9904 | €32,330 | €68,266 | +€35,936 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €32,330 | €68,266 | +€35,936 | +111% |
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 26 October 2026 via checked.be.