AQUAZURE: 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.
AQUAZURE
Largest movements
- Receivables within one year +€58,835
up €58,835 (+38.6%), from €152,561 to €211,396
of which Trade receivables: +€42,647
- Deferred charges and accrued income +€53,246
up €53,246 (+1,116%), from €4,772 to €58,018
- Stocks and contracts +€44,193
up €44,193 (+16.8%), from €263,081 to €307,274
- Tangible fixed assets -€42,124
down €42,124 (-31.7%), from €132,684 to €90,559
of which Furniture and vehicles: -€25,816
- Trade debts +€156,796
up €156,796 (+112%), from €140,367 to €297,163
- Accrued charges and deferred income -€49,374
down €49,374 (-69.3%), from €71,264 to €21,889
- Gross operating margin -€28,909
down €28,909 (-15.6%), from €185,017 to €156,109
- Staff costs -€17,362
down €17,362 (-16.6%), from €104,537 to €87,175
- Taxes -€2,113
down €2,113 (-29.7%), from €7,125 to €5,012
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 | €580,102 | €694,849 | +€114,747 | +19.8% |
| Fixed assets | 21/28 | €135,960 | €92,330 | -€43,630 | -32.1% |
| Intangible fixed assets | 21 | €3,277 | €1,771 | -€1,506 | -46.0% |
| Tangible fixed assets | 22/27 | €132,684 | €90,559 | -€42,124 | -31.7% |
| Land and buildings | 22 | €75,571 | €53,355 | -€22,216 | -29.4% |
| Plant, machinery and equipment | 23 | €1,588 | €7,496 | +€5,908 | +372% |
| Furniture and vehicles | 24 | €55,524 | €29,708 | -€25,816 | -46.5% |
| Current assets | 29/58 | €444,141 | €602,519 | +€158,377 | +35.7% |
| Stocks and contracts in progress | 3 | €263,081 | €307,274 | +€44,193 | +16.8% |
| Stocks | 30/36 | €263,081 | €307,274 | +€44,193 | +16.8% |
| Amounts receivable within one year | 40/41 | €152,561 | €211,396 | +€58,835 | +38.6% |
| Trade receivables | 40 | €146,280 | €188,928 | +€42,647 | +29.2% |
| Other amounts receivable | 41 | €6,281 | €22,468 | +€16,188 | +258% |
| Cash at bank and in hand | 54/58 | €23,728 | €25,830 | +€2,103 | +8.9% |
| Deferred charges and accrued income | 490/1 | €4,772 | €58,018 | +€53,246 | +1,116% |
| Total equity and liabilities | 10/49 | €580,102 | €694,849 | +€114,747 | +19.8% |
| Equity | 10/15 | €358,878 | €365,262 | +€6,384 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €352,678 | €359,062 | +€6,384 | +1.8% |
| Non-distributable reserves | 130/1 | €7,379 | €7,379 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,379 | €7,379 | = | 0.0% |
| Distributable reserves | 133 | €345,298 | €351,683 | +€6,384 | +1.8% |
| Amounts payable | 17/49 | €221,224 | €329,587 | +€108,363 | +49.0% |
| Amounts payable within one year | 42/48 | €149,960 | €307,697 | +€157,737 | +105% |
| Trade debts | 44 | €140,367 | €297,163 | +€156,796 | +112% |
| Suppliers | 440/4 | €140,367 | €297,163 | +€156,796 | +112% |
| Taxes, remuneration and social security | 45 | €8,593 | €9,510 | +€917 | +10.7% |
| Taxes | 450/3 | €1,729 | €1,729 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,864 | €7,781 | +€917 | +13.4% |
| Other amounts payable | 47/48 | €1,000 | €1,025 | +€24 | +2.4% |
| Accrued charges and deferred income | 492/3 | €71,264 | €21,889 | -€49,374 | -69.3% |
| Remuneration, social security and pensions | 62 | €104,537 | €87,175 | -€17,362 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,580 | €52,975 | +€1,395 | +2.7% |
| Other operating charges | 640/8 | €6,133 | €5,285 | -€847 | -13.8% |
| Gross operating margin | 9900 | €185,017 | €156,109 | -€28,909 | -15.6% |
| Operating profit (loss) | 9901 | €22,768 | €10,673 | -€12,095 | -53.1% |
| Financial income | 75/76B | €1,135 | €839 | -€296 | -26.1% |
| Recurring financial income | 75 | €1,135 | €839 | -€296 | -26.1% |
| Financial charges | 65/66B | €183 | €116 | -€67 | -36.9% |
| Recurring financial charges | 65 | €183 | €116 | -€67 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €23,720 | €11,396 | -€12,324 | -52.0% |
| Income taxes | 67/77 | €7,125 | €5,012 | -€2,113 | -29.7% |
| Profit (loss) for the period | 9904 | €16,596 | €6,384 | -€10,211 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,596 | €6,384 | -€10,211 | -61.5% |
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.