AQUILIUS: 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.
AQUILIUS
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+156%), from €845,351 to €2.2m
- Cash -€45,027
down €45,027 (-59.9%), from €75,196 to €30,169
mainly Investment in fixed assets (net) (-€1.4m) and Debts after one year (-€106,934)
- Revaluation surpluses +€1.1m
new in 2025: €1.1m
- Other debts +€228,583
up €228,583 (+74.1%), from €308,384 to €536,967
- Debts after one year -€106,934
down €106,934 (-33.6%), from €318,727 to €211,793
- Profit (loss) carried forward +€63,959
up €63,959 (+26.3%), from €243,373 to €307,332
- Financial income -€85,916
down €85,916 (-43.8%), from €196,166 to €110,250
- Financial charges +€13,208
up €13,208 (+43.9%), from €30,113 to €43,322
of which Financial charges: +€11,959
- Staff costs -€10,668
down €10,668 (-11.4%), from €93,906 to €83,238
- Gross operating margin +€6,682
up €6,682 (+7.7%), from €87,045 to €93,727
- Depreciation +€4,759
up €4,759 (+80.0%), from €5,946 to €10,705
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 | €1,064,489 | €2,346,546 | +€1.3m | +120% |
| Fixed assets | 21/28 | €963,616 | €2,308,758 | +€1.3m | +140% |
| Tangible fixed assets | 22/27 | €118,265 | €141,261 | +€22,996 | +19.4% |
| Land and buildings | 22 | €110,278 | €107,642 | -€2,636 | -2.4% |
| Plant, machinery and equipment | 23 | €0 | €1,032 | +€1,032 | |
| Furniture and vehicles | 24 | €6,397 | €31,232 | +€24,836 | +388% |
| Other tangible fixed assets | 26 | €1,590 | €1,355 | -€236 | -14.8% |
| Financial fixed assets | 28 | €845,351 | €2,167,497 | +€1.3m | +156% |
| Current assets | 29/58 | €100,873 | €37,788 | -€63,084 | -62.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,413 | €6,182 | -€18,230 | -74.7% |
| Trade receivables | 40 | €1,316 | €1,962 | +€645 | +49.0% |
| Other amounts receivable | 41 | €23,096 | €4,221 | -€18,876 | -81.7% |
| Cash at bank and in hand | 54/58 | €75,196 | €30,169 | -€45,027 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,264 | €1,437 | +€173 | +13.7% |
| Total equity and liabilities | 10/49 | €1,064,489 | €2,346,546 | +€1.3m | +120% |
| Equity | 10/15 | €323,973 | €1,465,845 | +€1.1m | +352% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,077,913 | +€1.1m | |
| Profit (loss) carried forward | 14 | €243,373 | €307,332 | +€63,959 | +26.3% |
| Amounts payable | 17/49 | €740,516 | €880,702 | +€140,186 | +18.9% |
| Amounts payable after more than one year | 17 | €318,727 | €211,793 | -€106,934 | -33.6% |
| Financial debts | 170/4 | €318,727 | €211,793 | -€106,934 | -33.6% |
| Amounts payable within one year | 42/48 | €406,824 | €632,490 | +€225,667 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €65,986 | €71,417 | +€5,431 | +8.2% |
| Trade debts | 44 | €3,964 | €5,940 | +€1,976 | +49.8% |
| Suppliers | 440/4 | €3,964 | €5,940 | +€1,976 | +49.8% |
| Taxes, remuneration and social security | 45 | €28,490 | €18,167 | -€10,323 | -36.2% |
| Taxes | 450/3 | €15,140 | €5,672 | -€9,468 | -62.5% |
| Remuneration and social security | 454/9 | €13,350 | €12,495 | -€854 | -6.4% |
| Other amounts payable | 47/48 | €308,384 | €536,967 | +€228,583 | +74.1% |
| Accrued charges and deferred income | 492/3 | €14,965 | €36,419 | +€21,454 | +143% |
| Remuneration, social security and pensions | 62 | €93,906 | €83,238 | -€10,668 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €10,705 | +€4,759 | +80.0% |
| Other operating charges | 640/8 | €783 | €727 | -€55 | -7.1% |
| Gross operating margin | 9900 | €87,045 | €93,727 | +€6,682 | +7.7% |
| Operating profit (loss) | 9901 | -€13,589 | -€943 | +€12,646 | +93.1% |
| Financial income | 75/76B | €196,166 | €110,250 | -€85,916 | -43.8% |
| Recurring financial income | 75 | €196,166 | €110,250 | -€85,916 | -43.8% |
| Financial charges | 65/66B | €30,113 | €43,322 | +€13,208 | +43.9% |
| Recurring financial charges | 65 | €30,113 | €42,072 | +€11,959 | +39.7% |
| Non-recurring financial charges | 66B | - | €1,250 | +€1,250 | |
| Profit (loss) for the period before taxes | 9903 | €152,464 | €65,985 | -€86,478 | -56.7% |
| Income taxes | 67/77 | -€669 | €547 | +€1,216 | |
| Profit (loss) for the period | 9904 | €153,133 | €65,439 | -€87,695 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,133 | €65,439 | -€87,695 | -57.3% |
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 20 October 2026 via checked.be.