AQUILA: 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.
AQUILA
Largest movements
- Receivables within one year +€55,285
up €55,285 (+59.6%), from €92,779 to €148,064
of which Other amounts receivable: +€55,252
- Short-term financial debts +€62,364
up €62,364 (+49.5%), from €125,981 to €188,345
- Profit (loss) carried forward -€7,378
down €7,378 (-6.8%), from -€109,120 to -€116,498
- Gross operating margin +€1,190
up €1,190 (+61.8%), from €1,924 to €3,114
- Financial charges +€598
up €598 (+6.2%), from €9,680 to €10,278
- Other operating charges -€401
down €401 (-65.2%), from €614 to €214
- Depreciation -€144
no longer reported in 2025 (was €144)
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 | €94,075 | €149,461 | +€55,385 | +58.9% |
| Fixed assets | 21/28 | €1,288 | €1,288 | = | 0.0% |
| Financial fixed assets | 28 | €1,288 | €1,288 | = | 0.0% |
| Current assets | 29/58 | €92,787 | €148,172 | +€55,385 | +59.7% |
| Amounts receivable within one year | 40/41 | €92,779 | €148,064 | +€55,285 | +59.6% |
| Trade receivables | 40 | €10,873 | €10,906 | +€32 | +0.3% |
| Other amounts receivable | 41 | €81,906 | €137,158 | +€55,252 | +67.5% |
| Cash at bank and in hand | 54/58 | €8 | €109 | +€101 | +1,274% |
| Total equity and liabilities | 10/49 | €94,075 | €149,461 | +€55,385 | +58.9% |
| Equity | 10/15 | -€40,920 | -€48,298 | -€7,378 | -18.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,120 | -€116,498 | -€7,378 | -6.8% |
| Amounts payable | 17/49 | €134,995 | €197,758 | +€62,763 | +46.5% |
| Amounts payable within one year | 42/48 | €132,049 | €195,124 | +€63,076 | +47.8% |
| Financial debts | 43 | €125,981 | €188,345 | +€62,364 | +49.5% |
| Credit institutions | 430/8 | €125,981 | €188,345 | +€62,364 | +49.5% |
| Trade debts | 44 | €6,067 | €6,779 | +€712 | +11.7% |
| Suppliers | 440/4 | €6,067 | €6,779 | +€712 | +11.7% |
| Accrued charges and deferred income | 492/3 | €2,947 | €2,634 | -€313 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | - | -€144 | |
| Other operating charges | 640/8 | €614 | €214 | -€401 | -65.2% |
| Gross operating margin | 9900 | €1,924 | €3,114 | +€1,190 | +61.8% |
| Operating profit (loss) | 9901 | €1,166 | €2,900 | +€1,734 | +149% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,680 | €10,278 | +€598 | +6.2% |
| Recurring financial charges | 65 | €9,680 | €10,278 | +€598 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,514 | -€7,378 | +€1,136 | +13.3% |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€8,513 | -€7,378 | +€1,136 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,513 | -€7,378 | +€1,136 | +13.3% |
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 16 October 2026 via checked.be.