AQUATTRO: 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.
AQUATTRO
Largest movements
- Receivables within one year +€235,520
up €235,520 (+603%), from €39,061 to €274,581
of which Other amounts receivable: +€223,045
- Deferred charges and accrued income -€31,879
down €31,879 (-56.0%), from €56,879 to €25,000
- Cash -€21,161
down €21,161 (-83.1%), from €25,461 to €4,300
mainly Receivables within one year (-€235,520) and Stocks and contracts (-€21,000)
- Stocks and contracts +€21,000
new in 2025: €21,000
- Tangible fixed assets +€19,151
up €19,151 (+151%), from €12,718 to €31,869
of which Furniture and vehicles: +€19,958
- Other debts +€148,080
up €148,080 (+51.1%), from €289,924 to €438,004
- Profit (loss) carried forward +€50,902
up €50,902 (+35.7%), from €142,605 to €193,507
- Tax, wage and social debts +€35,656
up €35,656 (+52.3%), from €68,208 to €103,864
- Accrued charges and deferred income -€20,623
no longer reported in 2025 (was €20,623)
- Gross operating margin +€29,906
up €29,906 (+30.5%), from €98,059 to €127,965
- Financial charges +€11,973
up €11,973 (+1,028%), from €1,165 to €13,138
of which Non-recurring financial charges: +€6,200
- Taxes -€7,840
down €7,840 (-25.4%), from €30,900 to €23,060
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 | €563,419 | €779,850 | +€216,431 | +38.4% |
| Fixed assets | 21/28 | €442,018 | €454,969 | +€12,951 | +2.9% |
| Tangible fixed assets | 22/27 | €12,718 | €31,869 | +€19,151 | +151% |
| Furniture and vehicles | 24 | €11,911 | €31,869 | +€19,958 | +168% |
| Other tangible fixed assets | 26 | €807 | - | -€807 | |
| Financial fixed assets | 28 | €429,300 | €423,100 | -€6,200 | -1.4% |
| Current assets | 29/58 | €121,401 | €324,881 | +€203,480 | +168% |
| Stocks and contracts in progress | 3 | - | €21,000 | +€21,000 | |
| Stocks | 30/36 | - | €21,000 | +€21,000 | |
| Amounts receivable within one year | 40/41 | €39,061 | €274,581 | +€235,520 | +603% |
| Trade receivables | 40 | €21,568 | €34,043 | +€12,475 | +57.8% |
| Other amounts receivable | 41 | €17,493 | €240,538 | +€223,045 | +1,275% |
| Cash at bank and in hand | 54/58 | €25,461 | €4,300 | -€21,161 | -83.1% |
| Deferred charges and accrued income | 490/1 | €56,879 | €25,000 | -€31,879 | -56.0% |
| Total equity and liabilities | 10/49 | €563,419 | €779,850 | +€216,431 | +38.4% |
| Equity | 10/15 | €167,285 | €218,187 | +€50,902 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,080 | €6,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,220 | €4,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,605 | €193,507 | +€50,902 | +35.7% |
| Amounts payable | 17/49 | €396,134 | €561,663 | +€165,529 | +41.8% |
| Amounts payable within one year | 42/48 | €375,511 | €561,663 | +€186,152 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €12,546 | €12,534 | -€12 | -0.1% |
| Trade debts | 44 | €4,833 | €7,261 | +€2,428 | +50.2% |
| Suppliers | 440/4 | €4,833 | €7,261 | +€2,428 | +50.2% |
| Taxes, remuneration and social security | 45 | €68,208 | €103,864 | +€35,656 | +52.3% |
| Taxes | 450/3 | €68,208 | €103,864 | +€35,656 | +52.3% |
| Other amounts payable | 47/48 | €289,924 | €438,004 | +€148,080 | +51.1% |
| Accrued charges and deferred income | 492/3 | €20,623 | - | -€20,623 | |
| Remuneration, social security and pensions | 62 | €32,656 | €33,670 | +€1,014 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €4,684 | +€1,140 | +32.2% |
| Other operating charges | 640/8 | €1,324 | €2,511 | +€1,187 | +89.7% |
| Gross operating margin | 9900 | €98,059 | €127,965 | +€29,906 | +30.5% |
| Operating profit (loss) | 9901 | €60,535 | €87,100 | +€26,565 | +43.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,165 | €13,138 | +€11,973 | +1,028% |
| Recurring financial charges | 65 | €1,165 | €6,938 | +€5,773 | +496% |
| Non-recurring financial charges | 66B | - | €6,200 | +€6,200 | |
| Profit (loss) for the period before taxes | 9903 | €59,372 | €73,962 | +€14,590 | +24.6% |
| Income taxes | 67/77 | €30,900 | €23,060 | -€7,840 | -25.4% |
| Profit (loss) for the period | 9904 | €28,472 | €50,902 | +€22,430 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,472 | €50,902 | +€22,430 | +78.8% |
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 27 October 2026 via checked.be.