AQUAWAL: what changed
What changed
AQUAWAL
NACE 94.110, Activities of business and employers' organisations
filed annual accounts (NBB)
Net result for the year
-€65,754
2024 · €723-€66,477
Equity
€608,492
2024 · €674,246-€65,754
Cash
€386,792
2024 · €442,546-€55,754
Balance sheet total
€701,251
2024 · €809,886-€108,635
Largest movements
Assets
- Cash -€55,754
down €55,754 (-12.6%), from €442,546 to €386,792
mainly Net result for the year (-€65,754) and Tax, wage and social debts (-€32,134)
- Receivables within one year -€54,028
down €54,028 (-55.7%), from €97,004 to €42,976
of which Trade receivables: -€52,843
Equity and liabilities
- Profit (loss) carried forward -€65,754
down €65,754, from €35,204 to -€30,550
- Tax, wage and social debts -€32,134
down €32,134 (-29.2%), from €109,948 to €77,814
of which Remuneration and social security: -€34,102
- Accrued charges and deferred income -€16,342
down €16,342 (-96.0%), from €17,029 to €687
Income statement
- Financial income -€130,486
down €130,486 (-93.2%), from €140,041 to €9,555
- Services and other goods -€56,437
down €56,437 (-31.7%), from €178,299 to €121,862
- Goods and materials +€38,796
up €38,796 (+22.8%), from €170,278 to €209,074
- Turnover +€29,847
up €29,847 (+4.8%), from €617,309 to €647,156
- Other operating income +€24,505
up €24,505 (+311%), from €7,869 to €32,374
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
€723
Turnover
+€29,847
Other operating income
+€24,505
Goods and materials
-€38,796
Services and other goods
+€56,437
Staff costs
-€8,287
Depreciation
+€1,143
Other operating charges
+€411
Financial income
-€130,486
Financial charges
-€581
Taxes
-€670
Result 2025
-€65,754
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
-€53,788
Investment
-€1,966
Financing
€0
Cash 2024
€442,546
From operations (derived)
-€53,788
Net result for the year
-€65,754
Depreciation
+€3,710
Receivables within one year
+€54,028
Deferred charges and accrued income
-€2,891
Trade debts
+€5,595
Tax, wage and social debts
-€32,134
Accrued charges and deferred income
-€16,342
Investment (derived)
-€1,966
Investment in fixed assets (net)
-€1,966
Cash 2025
€386,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €809,886 | €701,251 | -€108,635 | -13.4% |
| Fixed assets | 21/28 | €4,127 | €2,383 | -€1,744 | -42.3% |
| Tangible fixed assets | 22/27 | €3,896 | €2,152 | -€1,744 | -44.8% |
| Furniture and vehicles | 24 | €3,896 | €2,152 | -€1,744 | -44.8% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Other financial fixed assets | 284/8 | €231 | €231 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €805,759 | €698,868 | -€106,891 | -13.3% |
| Amounts receivable within one year | 40/41 | €97,004 | €42,976 | -€54,028 | -55.7% |
| Trade receivables | 40 | €84,785 | €31,942 | -€52,843 | -62.3% |
| Other amounts receivable | 41 | €12,219 | €11,034 | -€1,185 | -9.7% |
| Current investments | 50/53 | €225,140 | €225,140 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €442,546 | €386,792 | -€55,754 | -12.6% |
| Deferred charges and accrued income | 490/1 | €41,069 | €43,960 | +€2,891 | +7.0% |
| Total equity and liabilities | 10/49 | €809,886 | €701,251 | -€108,635 | -13.4% |
| Equity | 10/15 | €674,246 | €608,492 | -€65,754 | -9.8% |
| Contributions | 10/11 | €248,981 | €248,981 | = | 0.0% |
| Capital | 10 | €248,981 | €248,981 | = | 0.0% |
| Reserves | 13 | €390,061 | €390,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,204 | -€30,550 | -€65,754 | |
| Amounts payable | 17/49 | €135,640 | €92,759 | -€42,881 | -31.6% |
| Amounts payable within one year | 42/48 | €118,611 | €92,072 | -€26,539 | -22.4% |
| Trade debts | 44 | €8,663 | €14,258 | +€5,595 | +64.6% |
| Suppliers | 440/4 | €8,663 | €14,258 | +€5,595 | +64.6% |
| Taxes, remuneration and social security | 45 | €109,948 | €77,814 | -€32,134 | -29.2% |
| Taxes | 450/3 | €50,431 | €52,399 | +€1,968 | +3.9% |
| Remuneration and social security | 454/9 | €59,517 | €25,415 | -€34,102 | -57.3% |
| Accrued charges and deferred income | 492/3 | €17,029 | €687 | -€16,342 | -96.0% |
| Operating income | 70/76A | €625,178 | €679,530 | +€54,352 | +8.7% |
| Turnover | 70 | €617,309 | €647,156 | +€29,847 | +4.8% |
| Other operating income | 74 | €7,869 | €32,374 | +€24,505 | +311% |
| Operating charges | 60/66A | €764,370 | €753,462 | -€10,908 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €170,278 | €209,074 | +€38,796 | +22.8% |
| Purchases | 600/8 | €170,278 | €209,074 | +€38,796 | +22.8% |
| Services and other goods | 61 | €178,299 | €121,862 | -€56,437 | -31.7% |
| Remuneration, social security and pensions | 62 | €410,405 | €418,692 | +€8,287 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,853 | €3,710 | -€1,143 | -23.6% |
| Other operating charges | 640/8 | €535 | €124 | -€411 | -76.8% |
| Operating profit (loss) | 9901 | -€139,192 | -€73,932 | +€65,260 | +46.9% |
| Financial income | 75/76B | €140,041 | €9,555 | -€130,486 | -93.2% |
| Recurring financial income | 75 | €140,041 | €9,555 | -€130,486 | -93.2% |
| Income from financial fixed assets | 750 | €119,819 | €9,555 | -€110,264 | -92.0% |
| Other financial income | 752/9 | €20,222 | - | -€20,222 | |
| Financial charges | 65/66B | €126 | €707 | +€581 | +461% |
| Recurring financial charges | 65 | €126 | €707 | +€581 | +461% |
| Debt charges | 650 | €126 | €707 | +€581 | +461% |
| Profit (loss) for the period before taxes | 9903 | €723 | -€65,084 | -€65,807 | |
| Income taxes | 67/77 | - | €670 | +€670 | |
| Taxes | 670/3 | - | €670 | +€670 | |
| Profit (loss) for the period | 9904 | €723 | -€65,754 | -€66,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €723 | -€65,754 | -€66,477 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.