AQUILAE: 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.
AQUILAE
Largest movements
- Receivables within one year +€45,768
up €45,768 (+56.9%), from €80,406 to €126,173
- Current investments +€30,000
up €30,000 (+50.0%), from €60,000 to €90,000
- Cash +€10,800
up €10,800 (+16.5%), from €65,565 to €76,364
mainly Net result for the year (+€52,066) and Trade debts (+€44,645)
- Profit (loss) carried forward +€52,066
up €52,066 (+66.6%), from €78,137 to €130,203
- Trade debts +€44,645
up €44,645 (+72.2%), from €61,836 to €106,482
- Accrued charges and deferred income -€16,303
no longer reported in 2025 (was €16,303)
- Tax, wage and social debts +€4,773
up €4,773 (+45.4%), from €10,517 to €15,289
of which Remuneration and social security: +€4,109
- Staff costs +€8,135
up €8,135 (+15.8%), from €51,545 to €59,680
- Taxes -€2,534
down €2,534 (-11.4%), from €22,305 to €19,771
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.
Cash bridge derived
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 | €212,155 | €297,336 | +€85,181 | +40.2% |
| Fixed assets | 21/28 | €1,393 | €921 | -€473 | -33.9% |
| Tangible fixed assets | 22/27 | €1,149 | €677 | -€473 | -41.1% |
| Plant, machinery and equipment | 23 | €1,149 | €677 | -€473 | -41.1% |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €210,761 | €296,415 | +€85,653 | +40.6% |
| Amounts receivable within one year | 40/41 | €80,406 | €126,173 | +€45,768 | +56.9% |
| Trade receivables | 40 | €80,406 | €126,173 | +€45,768 | +56.9% |
| Current investments | 50/53 | €60,000 | €90,000 | +€30,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €65,565 | €76,364 | +€10,800 | +16.5% |
| Deferred charges and accrued income | 490/1 | €4,791 | €3,877 | -€914 | -19.1% |
| Total equity and liabilities | 10/49 | €212,155 | €297,336 | +€85,181 | +40.2% |
| Equity | 10/15 | €123,499 | €175,565 | +€52,066 | +42.2% |
| Contributions | 10/11 | €43,501 | €43,501 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,137 | €130,203 | +€52,066 | +66.6% |
| Amounts payable | 17/49 | €88,656 | €121,771 | +€33,115 | +37.4% |
| Amounts payable within one year | 42/48 | €72,353 | €121,771 | +€49,418 | +68.3% |
| Trade debts | 44 | €61,836 | €106,482 | +€44,645 | +72.2% |
| Suppliers | 440/4 | €61,836 | €106,482 | +€44,645 | +72.2% |
| Taxes, remuneration and social security | 45 | €10,517 | €15,289 | +€4,773 | +45.4% |
| Taxes | 450/3 | €3,644 | €4,308 | +€664 | +18.2% |
| Remuneration and social security | 454/9 | €6,872 | €10,982 | +€4,109 | +59.8% |
| Accrued charges and deferred income | 492/3 | €16,303 | - | -€16,303 | |
| Remuneration, social security and pensions | 62 | €51,545 | €59,680 | +€8,135 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €473 | +€204 | +76.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €132,106 | €131,096 | -€1,010 | -0.8% |
| Operating profit (loss) | 9901 | €79,779 | €70,416 | -€9,363 | -11.7% |
| Financial income | 75/76B | €1,426 | €1,542 | +€117 | +8.2% |
| Recurring financial income | 75 | €1,426 | €1,542 | +€117 | +8.2% |
| Financial charges | 65/66B | €100 | €121 | +€21 | +20.8% |
| Recurring financial charges | 65 | €100 | €121 | +€21 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €81,104 | €71,837 | -€9,267 | -11.4% |
| Income taxes | 67/77 | €22,305 | €19,771 | -€2,534 | -11.4% |
| Profit (loss) for the period | 9904 | €58,799 | €52,066 | -€6,733 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,799 | €52,066 | -€6,733 | -11.5% |
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 11 October 2026 via checked.be.