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
- Tangible fixed assets +€327,752
up €327,752 (+33,377%), from €982 to €328,734
of which Land and buildings: +€321,760
- Cash -€37,473
down €37,473 (-62.7%), from €59,810 to €22,337
mainly Investment in fixed assets (net) (-€383,581) and Receivables within one year (-€34,509)
- Receivables within one year +€34,509
up €34,509 (+44.9%), from €76,795 to €111,305
of which Other amounts receivable: +€31,186
- Debts after one year +€260,409
new in 2025: €260,409
- Profit (loss) carried forward +€46,493
up €46,493 (+51.6%), from €90,073 to €136,566
- Current portion of long-term debt +€25,449
new in 2025: €25,449
- Tax, wage and social debts -€9,597
down €9,597 (-35.6%), from €26,950 to €17,353
- Depreciation +€54,769
up €54,769 (+6,020%), from €910 to €55,679
- Taxes -€12,543
down €12,543 (-49.0%), from €25,594 to €13,050
- Financial income +€2,692
up €2,692 (+219%), from €1,229 to €3,921
- Financial charges +€2,225
up €2,225 (+1,560%), from €143 to €2,368
- Gross operating margin +€2,225
up €2,225 (+2.0%), from €113,065 to €115,289
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 | €138,146 | €463,072 | +€324,926 | +235% |
| Fixed assets | 21/28 | €982 | €328,884 | +€327,902 | +33,392% |
| Tangible fixed assets | 22/27 | €982 | €328,734 | +€327,752 | +33,377% |
| Land and buildings | 22 | - | €321,760 | +€321,760 | |
| Furniture and vehicles | 24 | €982 | €6,974 | +€5,992 | +610% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €137,164 | €134,188 | -€2,976 | -2.2% |
| Amounts receivable within one year | 40/41 | €76,795 | €111,305 | +€34,509 | +44.9% |
| Trade receivables | 40 | €24,775 | €28,098 | +€3,324 | +13.4% |
| Other amounts receivable | 41 | €52,020 | €83,206 | +€31,186 | +59.9% |
| Cash at bank and in hand | 54/58 | €59,810 | €22,337 | -€37,473 | -62.7% |
| Deferred charges and accrued income | 490/1 | €559 | €547 | -€12 | -2.1% |
| Total equity and liabilities | 10/49 | €138,146 | €463,072 | +€324,926 | +235% |
| Equity | 10/15 | €111,073 | €157,566 | +€46,493 | +41.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,073 | €136,566 | +€46,493 | +51.6% |
| Amounts payable | 17/49 | €27,073 | €305,506 | +€278,433 | +1,028% |
| Amounts payable after more than one year | 17 | - | €260,409 | +€260,409 | |
| Financial debts | 170/4 | - | €260,409 | +€260,409 | |
| Amounts payable within one year | 42/48 | €27,073 | €45,098 | +€18,025 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | - | €25,449 | +€25,449 | |
| Trade debts | 44 | €123 | €2,295 | +€2,172 | +1,759% |
| Suppliers | 440/4 | €123 | €2,295 | +€2,172 | +1,759% |
| Taxes, remuneration and social security | 45 | €26,950 | €17,353 | -€9,597 | -35.6% |
| Taxes | 450/3 | €26,950 | €17,353 | -€9,597 | -35.6% |
| Non-recurring operating income | 76A | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €55,679 | +€54,769 | +6,020% |
| Other operating charges | 640/8 | €1,646 | €1,620 | -€26 | -1.6% |
| Gross operating margin | 9900 | €113,065 | €115,289 | +€2,225 | +2.0% |
| Operating profit (loss) | 9901 | €110,509 | €57,991 | -€52,518 | -47.5% |
| Financial income | 75/76B | €1,229 | €3,921 | +€2,692 | +219% |
| Recurring financial income | 75 | €1,229 | €3,921 | +€2,692 | +219% |
| Financial charges | 65/66B | €143 | €2,368 | +€2,225 | +1,560% |
| Recurring financial charges | 65 | €143 | €2,368 | +€2,225 | +1,560% |
| Profit (loss) for the period before taxes | 9903 | €111,595 | €59,544 | -€52,052 | -46.6% |
| Income taxes | 67/77 | €25,594 | €13,050 | -€12,543 | -49.0% |
| Profit (loss) for the period | 9904 | €86,001 | €46,493 | -€39,508 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,001 | €46,493 | -€39,508 | -45.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.