AQUINOT 12: 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.
AQUINOT 12
Largest movements
- Cash +€11,873
up €11,873 (+18.0%), from €65,821 to €77,694
mainly Depreciation (+€4,642) and Trade debts (+€3,665)
- Tangible fixed assets -€3,353
down €3,353 (-3.1%), from €108,963 to €105,610
of which Other tangible fixed assets: -€2,847
- Trade debts +€3,665
new in 2025: €3,665
- Profit (loss) carried forward +€2,358
up €2,358 (+7.3%), from -€32,224 to -€29,866
- Gross operating margin -€5,018
down €5,018 (-28.9%), from €17,352 to €12,334
- Taxes -€805
down €805 (-42.9%), from €1,876 to €1,071
- Depreciation -€388
down €388 (-7.7%), from €5,030 to €4,642
- Financial income +€192
up €192 (+1,067%), from €18 to €210
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 | €200,068 | €208,595 | +€8,527 | +4.3% |
| Fixed assets | 21/28 | €108,963 | €105,610 | -€3,353 | -3.1% |
| Tangible fixed assets | 22/27 | €108,963 | €105,610 | -€3,353 | -3.1% |
| Land and buildings | 22 | €80,636 | €80,636 | = | 0.0% |
| Furniture and vehicles | 24 | €685 | €179 | -€506 | -73.9% |
| Other tangible fixed assets | 26 | €27,642 | €24,795 | -€2,847 | -10.3% |
| Current assets | 29/58 | €91,105 | €102,985 | +€11,880 | +13.0% |
| Amounts receivable within one year | 40/41 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,821 | €77,694 | +€11,873 | +18.0% |
| Deferred charges and accrued income | 490/1 | €10,284 | €10,291 | +€7 | +0.1% |
| Total equity and liabilities | 10/49 | €200,068 | €208,595 | +€8,527 | +4.3% |
| Equity | 10/15 | €197,438 | €199,796 | +€2,358 | +1.2% |
| Contributions | 10/11 | €227,082 | €227,082 | = | 0.0% |
| Reserves | 13 | €2,580 | €2,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,580 | €2,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,580 | €2,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,224 | -€29,866 | +€2,358 | +7.3% |
| Amounts payable | 17/49 | €2,630 | €8,799 | +€6,169 | +235% |
| Amounts payable within one year | 42/48 | €2,630 | €8,799 | +€6,169 | +235% |
| Trade debts | 44 | - | €3,665 | +€3,665 | |
| Suppliers | 440/4 | - | €3,665 | +€3,665 | |
| Taxes, remuneration and social security | 45 | €1,871 | €2,942 | +€1,071 | +57.2% |
| Taxes | 450/3 | €1,871 | €2,942 | +€1,071 | +57.2% |
| Other amounts payable | 47/48 | €759 | €2,192 | +€1,433 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,030 | €4,642 | -€388 | -7.7% |
| Other operating charges | 640/8 | €4,345 | €4,323 | -€22 | -0.5% |
| Gross operating margin | 9900 | €17,352 | €12,334 | -€5,018 | -28.9% |
| Operating profit (loss) | 9901 | €7,977 | €3,369 | -€4,608 | -57.8% |
| Financial income | 75/76B | €18 | €210 | +€192 | +1,067% |
| Recurring financial income | 75 | €18 | €210 | +€192 | +1,067% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €7,860 | €3,429 | -€4,431 | -56.4% |
| Income taxes | 67/77 | €1,876 | €1,071 | -€805 | -42.9% |
| Profit (loss) for the period | 9904 | €5,984 | €2,358 | -€3,626 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,984 | €2,358 | -€3,626 | -60.6% |
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 17 October 2026 via checked.be.