AQUINO: 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.
AQUINO
Largest movements
- Tangible fixed assets -€6,801
down €6,801 (-3.2%), from €209,307 to €202,506
- Cash +€2,714
new in 2025: €2,714
mainly Debts after one year (+€11,430) and Net result for the year (+€6,985)
- Current portion of long-term debt -€14,139
down €14,139 (-49.0%), from €28,856 to €14,717
- Debts after one year +€11,430
up €11,430 (+3.9%), from €292,284 to €303,714
of which Financial debts: +€11,430
- Profit (loss) carried forward +€6,985
up €6,985 (+5.1%), from -€137,771 to -€130,786
- Trade debts -€3,427
down €3,427 (-60.1%), from €5,704 to €2,277
- Tax, wage and social debts -€2,491
no longer reported in 2025 (was €2,491)
- Other operating charges +€8,223
up €8,223 (+106%), from €7,760 to €15,983
- Depreciation -€2,267
down €2,267 (-25.0%), from €9,068 to €6,801
- Financial charges -€1,036
down €1,036 (-9.8%), from €10,556 to €9,519
- Gross operating margin +€604
up €604 (+1.6%), from €38,684 to €39,288
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 | €212,807 | €208,720 | -€4,087 | -1.9% |
| Fixed assets | 21/28 | €209,307 | €202,506 | -€6,801 | -3.2% |
| Tangible fixed assets | 22/27 | €209,307 | €202,506 | -€6,801 | -3.2% |
| Land and buildings | 22 | €209,307 | €202,506 | -€6,801 | -3.2% |
| Current assets | 29/58 | €3,500 | €6,214 | +€2,714 | +77.5% |
| Cash at bank and in hand | 54/58 | - | €2,714 | +€2,714 | |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €212,807 | €208,720 | -€4,087 | -1.9% |
| Equity | 10/15 | -€119,171 | -€112,186 | +€6,985 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,771 | -€130,786 | +€6,985 | +5.1% |
| Amounts payable | 17/49 | €331,978 | €320,906 | -€11,072 | -3.3% |
| Amounts payable after more than one year | 17 | €292,284 | €303,714 | +€11,430 | +3.9% |
| Financial debts | 170/4 | €133,166 | €144,596 | +€11,430 | +8.6% |
| Other amounts payable | 178/9 | €159,118 | €159,118 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,248 | €17,191 | -€20,057 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €28,856 | €14,717 | -€14,139 | -49.0% |
| Trade debts | 44 | €5,704 | €2,277 | -€3,427 | -60.1% |
| Suppliers | 440/4 | €5,704 | €2,277 | -€3,427 | -60.1% |
| Taxes, remuneration and social security | 45 | €2,491 | - | -€2,491 | |
| Taxes | 450/3 | €2,491 | - | -€2,491 | |
| Other amounts payable | 47/48 | €197 | €197 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,446 | - | -€2,446 | |
| Non-recurring operating income | 76A | €54 | €253 | +€199 | +368% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,068 | €6,801 | -€2,267 | -25.0% |
| Other operating charges | 640/8 | €7,760 | €15,983 | +€8,223 | +106% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €38,684 | €39,288 | +€604 | +1.6% |
| Operating profit (loss) | 9901 | €21,856 | €16,504 | -€5,352 | -24.5% |
| Financial charges | 65/66B | €10,556 | €9,519 | -€1,036 | -9.8% |
| Recurring financial charges | 65 | €10,556 | €9,519 | -€1,036 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €11,301 | €6,985 | -€4,316 | -38.2% |
| Profit (loss) for the period | 9904 | €11,301 | €6,985 | -€4,316 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,301 | €6,985 | -€4,316 | -38.2% |
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 26 October 2026 via checked.be.