Aquilles Strings: 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.
Aquilles Strings
Largest movements
- Cash +€12,315
up €12,315 (+40.6%), from €30,307 to €42,622
mainly Net result for the year (+€22,596) and Depreciation (+€14,073)
- Receivables within one year +€7,222
up €7,222 (+79.1%), from €9,126 to €16,348
of which Trade receivables: +€8,027
- Tangible fixed assets -€3,715
down €3,715 (-8.7%), from €42,810 to €39,095
of which Leasing and similar rights: -€5,920
- Reserves +€22,596
up €22,596 (+91.5%), from €24,691 to €47,288
- Current portion of long-term debt -€8,991
down €8,991 (-70.0%), from €12,851 to €3,860
- Tax, wage and social debts +€7,050
up €7,050 (+76.0%), from €9,275 to €16,325
- Debts after one year -€3,860
down €3,860 (-23.0%), from €16,749 to €12,889
- Other debts -€1,324
down €1,324 (-9.7%), from €13,661 to €12,337
- Depreciation +€8,485
up €8,485 (+151.8%), from €5,588 to €14,073
- Gross operating margin +€6,778
up €6,778 (+16.8%), from €40,317 to €47,096
- Financial charges +€893
up €893 (+117.0%), from €763 to €1,655
- Taxes -€793
down €793 (-8.6%), from €9,275 to €8,482
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 | €82,367 | €98,065 | +€15,698 | +19.1% |
| Fixed assets | 21/28 | €42,810 | €39,095 | -€3,715 | -8.7% |
| Tangible fixed assets | 22/27 | €42,810 | €39,095 | -€3,715 | -8.7% |
| Plant, machinery and equipment | 23 | €12,757 | €15,562 | +€2,805 | +22.0% |
| Furniture and vehicles | 24 | €1,248 | €648 | -€600 | -48.1% |
| Leasing and similar rights | 25 | €28,805 | €22,885 | -€5,920 | -20.6% |
| Current assets | 29/58 | €39,557 | €58,970 | +€19,413 | +49.1% |
| Amounts receivable within one year | 40/41 | €9,126 | €16,348 | +€7,222 | +79.1% |
| Trade receivables | 40 | €6,526 | €14,553 | +€8,027 | +123.0% |
| Other amounts receivable | 41 | €2,600 | €1,796 | -€805 | -30.9% |
| Cash at bank and in hand | 54/58 | €30,307 | €42,622 | +€12,315 | +40.6% |
| Deferred charges and accrued income | 490/1 | €123 | €0 | -€123 | -100.0% |
| Total equity and liabilities | 10/49 | €82,367 | €98,065 | +€15,698 | +19.1% |
| Equity | 10/15 | €27,691 | €50,288 | +€22,596 | +81.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,691 | €47,288 | +€22,596 | +91.5% |
| Distributable reserves | 133 | €24,691 | €47,288 | +€22,596 | +91.5% |
| Amounts payable | 17/49 | €54,675 | €47,777 | -€6,898 | -12.6% |
| Amounts payable after more than one year | 17 | €16,749 | €12,889 | -€3,860 | -23.0% |
| Financial debts | 170/4 | €16,749 | €12,889 | -€3,860 | -23.0% |
| Amounts payable within one year | 42/48 | €37,378 | €33,968 | -€3,410 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €12,851 | €3,860 | -€8,991 | -70.0% |
| Trade debts | 44 | €1,591 | €1,446 | -€145 | -9.1% |
| Suppliers | 440/4 | €1,591 | €1,446 | -€145 | -9.1% |
| Taxes, remuneration and social security | 45 | €9,275 | €16,325 | +€7,050 | +76.0% |
| Taxes | 450/3 | €9,275 | €16,325 | +€7,050 | +76.0% |
| Other amounts payable | 47/48 | €13,661 | €12,337 | -€1,324 | -9.7% |
| Accrued charges and deferred income | 492/3 | €548 | €920 | +€373 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,588 | €14,073 | +€8,485 | +151.8% |
| Other operating charges | 640/8 | - | €290 | +€290 | |
| Gross operating margin | 9900 | €40,317 | €47,096 | +€6,778 | +16.8% |
| Operating profit (loss) | 9901 | €34,729 | €32,732 | -€1,997 | -5.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €763 | €1,655 | +€893 | +117.0% |
| Recurring financial charges | 65 | €763 | €1,655 | +€893 | +117.0% |
| Profit (loss) for the period before taxes | 9903 | €33,966 | €31,078 | -€2,889 | -8.5% |
| Income taxes | 67/77 | €9,275 | €8,482 | -€793 | -8.6% |
| Profit (loss) for the period | 9904 | €24,691 | €22,596 | -€2,095 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,691 | €22,596 | -€2,095 | -8.5% |
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 9 October 2026 via checked.be.