Aquila: what changed
Aquila
Largest movements
- Current investments -€308,392
down €308,392 (-97.5%), from €316,242 to €7,850
- Receivables within one year +€240,096
up €240,096 (+88.6%), from €270,959 to €511,055
of which Other amounts receivable: +€240,026
- Cash +€134,151
up €134,151 (+105%), from €127,268 to €261,420
mainly Current investments (+€308,392) and Net result for the year (+€133,227)
- Receivables after one year +€93,875
up €93,875 (+14.1%), from €664,411 to €758,286
- Profit (loss) carried forward +€133,227
up €133,227 (+9.6%), from €1.4m to €1.5m
- Trade debts +€18,920
up €18,920 (+1,628%), from €1,162 to €20,081
- Financial income +€62,485
up €62,485 (+63.3%), from €98,746 to €161,232
- Gross operating margin +€12,476
up €12,476 (+79.6%), from -€15,665 to -€3,190
- Financial charges -€10,347
down €10,347 (-34.7%), from €29,846 to €19,499
- Depreciation -€646
down €646 (-15.0%), from €4,316 to €3,670
- Taxes +€189
up €189, from -€50 to €139
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,408,348 | €1,565,695 | +€157,348 | +11.2% |
| Fixed assets | 21/28 | €28,043 | €25,746 | -€2,297 | -8.2% |
| Tangible fixed assets | 22/27 | €28,043 | €25,746 | -€2,297 | -8.2% |
| Furniture and vehicles | 24 | €11,043 | €8,746 | -€2,297 | -20.8% |
| Other tangible fixed assets | 26 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €1,380,305 | €1,539,949 | +€159,644 | +11.6% |
| Amounts receivable after more than one year | 29 | €664,411 | €758,286 | +€93,875 | +14.1% |
| Other amounts receivable | 291 | €664,411 | €758,286 | +€93,875 | +14.1% |
| Amounts receivable within one year | 40/41 | €270,959 | €511,055 | +€240,096 | +88.6% |
| Trade receivables | 40 | - | €70 | +€70 | |
| Other amounts receivable | 41 | €270,959 | €510,985 | +€240,026 | +88.6% |
| Current investments | 50/53 | €316,242 | €7,850 | -€308,392 | -97.5% |
| Cash at bank and in hand | 54/58 | €127,268 | €261,420 | +€134,151 | +105% |
| Deferred charges and accrued income | 490/1 | €1,425 | €1,339 | -€86 | -6.1% |
| Total equity and liabilities | 10/49 | €1,408,348 | €1,565,695 | +€157,348 | +11.2% |
| Equity | 10/15 | €1,407,186 | €1,540,413 | +€133,227 | +9.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,388,636 | €1,521,863 | +€133,227 | +9.6% |
| Amounts payable | 17/49 | €1,162 | €25,283 | +€24,121 | +2,076% |
| Amounts payable within one year | 42/48 | €1,162 | €25,283 | +€24,121 | +2,076% |
| Trade debts | 44 | €1,162 | €20,081 | +€18,920 | +1,628% |
| Suppliers | 440/4 | €1,162 | €20,081 | +€18,920 | +1,628% |
| Taxes, remuneration and social security | 45 | €0 | €5,202 | +€5,202 | |
| Taxes | 450/3 | €0 | €5,202 | +€5,202 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,316 | €3,670 | -€646 | -15.0% |
| Other operating charges | 640/8 | €1,467 | €1,508 | +€41 | +2.8% |
| Gross operating margin | 9900 | -€15,665 | -€3,190 | +€12,476 | +79.6% |
| Operating profit (loss) | 9901 | -€21,448 | -€8,368 | +€13,081 | +61.0% |
| Financial income | 75/76B | €98,746 | €161,232 | +€62,485 | +63.3% |
| Recurring financial income | 75 | €98,746 | €161,232 | +€62,485 | +63.3% |
| Financial charges | 65/66B | €29,846 | €19,499 | -€10,347 | -34.7% |
| Recurring financial charges | 65 | €29,846 | €19,499 | -€10,347 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €47,453 | €133,366 | +€85,913 | +181% |
| Income taxes | 67/77 | -€50 | €139 | +€189 | |
| Profit (loss) for the period | 9904 | €47,503 | €133,227 | +€85,724 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €47,503 | €133,227 | +€85,724 | +180% |
Next steps
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 8 November 2026 via checked.be.