Aquavie: 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.
Aquavie
Largest movements
- Tangible fixed assets +€382,427
up €382,427 (+113%), from €338,405 to €720,832
of which Land and buildings: +€382,580
- Receivables within one year +€61,133
up €61,133 (+54.9%), from €111,265 to €172,397
of which Trade receivables: +€67,011
- Cash -€35,576
down €35,576 (-78.5%), from €45,323 to €9,747
mainly Investment in fixed assets (net) (-€450,941) and Receivables within one year (-€61,133)
- Debts after one year +€346,877
up €346,877 (+124%), from €278,726 to €625,603
- Trade debts +€28,873
up €28,873 (+36.8%), from €78,509 to €107,382
- Tax, wage and social debts +€22,595
up €22,595 (+1,130%), from €2,000 to €24,595
of which Taxes: +€22,595
- Current portion of long-term debt +€20,724
up €20,724 (+27.9%), from €74,412 to €95,137
- Profit (loss) carried forward -€16,285
down €16,285 (-15.9%), from -€102,338 to -€118,623
- Gross operating margin -€14,731
down €14,731 (-18.1%), from €81,368 to €66,638
- Depreciation +€2,312
up €2,312 (+3.5%), from €66,202 to €68,514
- Financial charges +€891
up €891 (+14.3%), from €6,247 to €7,138
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 | €501,186 | €910,638 | +€409,453 | +81.7% |
| Fixed assets | 21/28 | €338,490 | €720,917 | +€382,427 | +113% |
| Tangible fixed assets | 22/27 | €338,405 | €720,832 | +€382,427 | +113% |
| Land and buildings | 22 | €312,939 | €695,520 | +€382,580 | +122% |
| Plant, machinery and equipment | 23 | €25,465 | €25,312 | -€153 | -0.6% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €162,696 | €189,722 | +€27,026 | +16.6% |
| Amounts receivable within one year | 40/41 | €111,265 | €172,397 | +€61,133 | +54.9% |
| Trade receivables | 40 | €105,336 | €172,347 | +€67,011 | +63.6% |
| Other amounts receivable | 41 | €5,928 | €50 | -€5,878 | -99.2% |
| Cash at bank and in hand | 54/58 | €45,323 | €9,747 | -€35,576 | -78.5% |
| Deferred charges and accrued income | 490/1 | €6,109 | €7,577 | +€1,468 | +24.0% |
| Total equity and liabilities | 10/49 | €501,186 | €910,638 | +€409,453 | +81.7% |
| Equity | 10/15 | €32,175 | €15,890 | -€16,285 | -50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €114,053 | €114,053 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,338 | -€118,623 | -€16,285 | -15.9% |
| Amounts payable | 17/49 | €469,011 | €894,749 | +€425,738 | +90.8% |
| Amounts payable after more than one year | 17 | €278,726 | €625,603 | +€346,877 | +124% |
| Financial debts | 170/4 | €278,726 | €625,603 | +€346,877 | +124% |
| Amounts payable within one year | 42/48 | €173,354 | €249,834 | +€76,479 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €74,412 | €95,137 | +€20,724 | +27.9% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €78,509 | €107,382 | +€28,873 | +36.8% |
| Suppliers | 440/4 | €78,509 | €107,382 | +€28,873 | +36.8% |
| Taxes, remuneration and social security | 45 | €2,000 | €24,595 | +€22,595 | +1,130% |
| Taxes | 450/3 | - | €22,595 | +€22,595 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €18,433 | €22,708 | +€4,275 | +23.2% |
| Accrued charges and deferred income | 492/3 | €16,931 | €19,312 | +€2,382 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,202 | €68,514 | +€2,312 | +3.5% |
| Other operating charges | 640/8 | €6,396 | €6,781 | +€385 | +6.0% |
| Non-recurring operating charges | 66A | - | €496 | +€496 | |
| Gross operating margin | 9900 | €81,368 | €66,638 | -€14,731 | -18.1% |
| Operating profit (loss) | 9901 | €8,770 | -€9,153 | -€17,923 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +59,900% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +59,900% |
| Financial charges | 65/66B | €6,247 | €7,138 | +€891 | +14.3% |
| Recurring financial charges | 65 | €6,247 | €7,138 | +€891 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,523 | -€16,285 | -€18,808 | |
| Profit (loss) for the period | 9904 | €2,523 | -€16,285 | -€18,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,523 | -€16,285 | -€18,808 |
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 18 October 2026 via checked.be.