AQUATOUR: 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.
AQUATOUR
Largest movements
- Receivables within one year +€123,626
up €123,626 (+32.9%), from €375,699 to €499,325
of which Trade receivables: +€93,503
- Deferred charges and accrued income +€38,543
up €38,543 (+12.6%), from €306,971 to €345,514
- Cash -€19,198
down €19,198 (-7.5%), from €255,637 to €236,439
mainly Receivables within one year (-€123,626) and Deferred charges and accrued income (-€38,543)
- Profit (loss) carried forward +€61,217
up €61,217 (+45.3%), from €135,006 to €196,223
- Accrued charges and deferred income +€59,452
up €59,452 (+362%), from €16,421 to €75,874
- Advances received +€35,493
up €35,493 (+6.3%), from €562,530 to €598,023
- Trade debts -€32,841
down €32,841 (-17.0%), from €193,428 to €160,587
of which Suppliers: -€57,341
- Short-term financial debts +€30,000
new in 2025: €30,000
- Gross operating margin +€60,041
up €60,041 (+27.2%), from €220,992 to €281,032
- Taxes +€36,476
up €36,476 (+2,188%), from €1,667 to €38,143
- Depreciation +€3,655
up €3,655 (+106%), from €3,442 to €7,097
- Staff costs -€3,165
down €3,165 (-2.0%), from €162,261 to €159,096
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 | €990,506 | €1,126,780 | +€136,274 | +13.8% |
| Fixed assets | 21/28 | €23,263 | €16,566 | -€6,697 | -28.8% |
| Tangible fixed assets | 22/27 | €23,263 | €16,166 | -€7,097 | -30.5% |
| Furniture and vehicles | 24 | €23,263 | €16,166 | -€7,097 | -30.5% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €967,243 | €1,110,214 | +€142,971 | +14.8% |
| Amounts receivable within one year | 40/41 | €375,699 | €499,325 | +€123,626 | +32.9% |
| Trade receivables | 40 | €323,240 | €416,743 | +€93,503 | +28.9% |
| Other amounts receivable | 41 | €52,459 | €82,582 | +€30,123 | +57.4% |
| Current investments | 50/53 | €28,936 | €28,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €255,637 | €236,439 | -€19,198 | -7.5% |
| Deferred charges and accrued income | 490/1 | €306,971 | €345,514 | +€38,543 | +12.6% |
| Total equity and liabilities | 10/49 | €990,506 | €1,126,780 | +€136,274 | +13.8% |
| Equity | 10/15 | €169,106 | €230,323 | +€61,217 | +36.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,006 | €196,223 | +€61,217 | +45.3% |
| Amounts payable | 17/49 | €821,401 | €896,457 | +€75,056 | +9.1% |
| Amounts payable after more than one year | 17 | €19,566 | €7,271 | -€12,295 | -62.8% |
| Financial debts | 170/4 | €19,566 | €7,271 | -€12,295 | -62.8% |
| Amounts payable within one year | 42/48 | €785,413 | €813,312 | +€27,899 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,083 | €12,295 | +€211 | +1.7% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €193,428 | €160,587 | -€32,841 | -17.0% |
| Suppliers | 440/4 | €181,878 | €124,537 | -€57,341 | -31.5% |
| Bills of exchange payable | 441 | €11,550 | €36,050 | +€24,500 | +212% |
| Advances received on contracts in progress | 46 | €562,530 | €598,023 | +€35,493 | +6.3% |
| Taxes, remuneration and social security | 45 | €17,372 | €12,407 | -€4,964 | -28.6% |
| Taxes | 450/3 | €2,584 | €2,621 | +€37 | +1.4% |
| Remuneration and social security | 454/9 | €14,787 | €9,786 | -€5,001 | -33.8% |
| Accrued charges and deferred income | 492/3 | €16,421 | €75,874 | +€59,452 | +362% |
| Remuneration, social security and pensions | 62 | €162,261 | €159,096 | -€3,165 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €7,097 | +€3,655 | +106% |
| Other operating charges | 640/8 | €503 | €2,433 | +€1,930 | +383% |
| Gross operating margin | 9900 | €220,992 | €281,032 | +€60,041 | +27.2% |
| Operating profit (loss) | 9901 | €54,785 | €112,407 | +€57,621 | +105% |
| Financial income | 75/76B | €2,941 | €2,648 | -€292 | -9.9% |
| Recurring financial income | 75 | €2,941 | €2,648 | -€292 | -9.9% |
| Financial charges | 65/66B | €18,218 | €15,695 | -€2,523 | -13.9% |
| Recurring financial charges | 65 | €18,218 | €15,695 | -€2,523 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €39,508 | €99,360 | +€59,853 | +151% |
| Income taxes | 67/77 | €1,667 | €38,143 | +€36,476 | +2,188% |
| Profit (loss) for the period | 9904 | €37,841 | €61,217 | +€23,376 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,841 | €61,217 | +€23,376 | +61.8% |
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 19 October 2026 via checked.be.