AQUIRIS: 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.
What changed
AQUIRIS
NACE 36.000, Water collection, treatment and supply
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.9m
2024 · €1.1m+€3.7m
Equity
€7.6m
2024 · €7.6m
Cash
€26,369
2024 · €9,668+€16,701
Balance sheet total
€67.8m
2024 · €82.3m-€14.6m
Largest movements
Assets
- Tangible fixed assets -€11.8m
down €11.8m (-46.2%), from €25.6m to €13.7m
of which Land and buildings: -€11.7m
- Receivables within one year -€1.9m
down €1.9m (-9.8%), from €19.9m to €17.9m
of which Other amounts receivable: -€2.6m
Equity and liabilities
- Current portion of long-term debt -€7.1m
down €7.1m (-51.8%), from €13.8m to €6.6m
- Debts after one year -€6.6m
down €6.6m (-93.4%), from €7.1m to €472,130
- Other debts +€3.6m
up €3.6m (+260.9%), from €1.4m to €5.0m
- Short-term financial debts -€2.9m
down €2.9m (-10.0%), from €28.9m to €26.0m
- Accrued charges and deferred income -€2.6m
down €2.6m (-52.7%), from €4.9m to €2.3m
Income statement
- Taxes +€1.3m
up €1.3m (+176.8%), from €717,706 to €2.0m
- Other operating income +€1.2m
up €1.2m (+134.2%), from €894,194 to €2.1m
- Turnover +€1.1m
up €1.1m (+1.9%), from €54.2m to €55.3m
- Financial charges -€1.0m
down €1.0m (-27.5%), from €3.8m to €2.7m
- Goods and materials -€932,339
down €932,339 (-6.8%), from €13.7m to €12.8m
of which Purchases: -€1.0m
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.
Result 2024
€1.1m
Turnover
+€1.1m
Other operating income
+€1.2m
Goods and materials
+€932,339
Services and other goods
+€838,741
Staff costs
+€267,137
Depreciation
+€19,118
Write-downs
-€635,609
Provisions
-€108,305
Other operating charges
+€82,566
Financial income
+€313,877
Financial charges
+€1.0m
Taxes
-€1.3m
Result 2025
€4.9m
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.
From operations
+€21.8m
Investment
-€228,920
Financing
-€21.5m
Cash 2024
€9,668
From operations (derived)
+€21.8m
Net result for the year
+€4.9m
Depreciation
+€12.1m
Stocks and contracts
+€804,680
Receivables within one year
+€1.9m
Deferred charges and accrued income
-€31,250
Provisions
+€712,698
Trade debts
+€149,038
Tax, wage and social debts
+€233,660
Other debts
+€3.6m
Accrued charges and deferred income
-€2.6m
Investment (derived)
-€228,920
Current investments
-€228,920
Financing
-€21.5m
Debts after one year
-€6.6m
Current portion of long-term debt
-€7.1m
Short-term financial debts
-€2.9m
Contributions, distributions and other
-€4.9m
Cash 2025
€26,369
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,314,866 | €67,754,823 | -€14.6m | -17.7% |
| Fixed assets | 21/28 | €26,405,147 | €14,319,808 | -€12.1m | -45.8% |
| Intangible fixed assets | 21 | €835,835 | €556,969 | -€278,866 | -33.4% |
| Tangible fixed assets | 22/27 | €25,550,458 | €13,743,986 | -€11.8m | -46.2% |
| Land and buildings | 22 | €25,343,053 | €13,618,722 | -€11.7m | -46.3% |
| Plant, machinery and equipment | 23 | €111,013 | €77,286 | -€33,728 | -30.4% |
| Furniture and vehicles | 24 | €96,392 | €47,978 | -€48,414 | -50.2% |
| Financial fixed assets | 28 | €18,853 | €18,853 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,853 | €18,853 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,853 | €18,853 | = | 0.0% |
| Current assets | 29/58 | €55,909,719 | €53,435,016 | -€2.5m | -4.4% |
| Stocks and contracts in progress | 3 | €5,207,971 | €4,403,291 | -€804,680 | -15.5% |
| Stocks | 30/36 | €5,207,971 | €4,403,291 | -€804,680 | -15.5% |
| Raw materials and consumables | 30/31 | €5,207,971 | €4,403,291 | -€804,680 | -15.5% |
| Amounts receivable within one year | 40/41 | €19,859,558 | €17,912,663 | -€1.9m | -9.8% |
| Trade receivables | 40 | €17,306,724 | €17,912,663 | +€605,939 | +3.5% |
| Other amounts receivable | 41 | €2,552,834 | - | -€2.6m | |
| Current investments | 50/53 | €30,323,737 | €30,552,657 | +€228,920 | +0.8% |
| Other investments | 51/53 | €30,323,737 | €30,552,657 | +€228,920 | +0.8% |
| Cash at bank and in hand | 54/58 | €9,668 | €26,369 | +€16,701 | +172.7% |
| Deferred charges and accrued income | 490/1 | €508,785 | €540,035 | +€31,250 | +6.1% |
| Total equity and liabilities | 10/49 | €82,314,866 | €67,754,823 | -€14.6m | -17.7% |
| Equity | 10/15 | €7,590,000 | €7,590,000 | = | 0.0% |
| Contributions | 10/11 | €6,900,000 | €6,900,000 | = | 0.0% |
| Capital | 10 | €6,900,000 | €6,900,000 | = | 0.0% |
| Issued capital | 100 | €6,900,000 | €6,900,000 | = | 0.0% |
| Reserves | 13 | €690,000 | €690,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €690,000 | €690,000 | = | 0.0% |
| Legal reserve | 130 | €690,000 | €690,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,087,940 | €4,800,638 | +€712,698 | +17.4% |
| Provisions for liabilities and charges | 160/5 | €4,087,940 | €4,800,638 | +€712,698 | +17.4% |
| Major repairs and maintenance | 162 | €3,852,677 | €4,564,564 | +€711,887 | +18.5% |
| Other liabilities and charges | 164/5 | €235,263 | €236,074 | +€811 | +0.3% |
| Amounts payable | 17/49 | €70,636,926 | €55,364,185 | -€15.3m | -21.6% |
| Amounts payable after more than one year | 17 | €7,111,816 | €472,130 | -€6.6m | -93.4% |
| Financial debts | 170/4 | €7,111,816 | €472,130 | -€6.6m | -93.4% |
| Other loans | 174 | €7,111,816 | €472,130 | -€6.6m | -93.4% |
| Amounts payable within one year | 42/48 | €58,594,066 | €52,561,747 | -€6.0m | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €13,756,800 | €6,624,000 | -€7.1m | -51.8% |
| Financial debts | 43 | €28,930,376 | €26,040,954 | -€2.9m | -10.0% |
| Other loans | 439 | €28,930,376 | €26,040,954 | -€2.9m | -10.0% |
| Trade debts | 44 | €7,623,493 | €7,772,532 | +€149,038 | +2.0% |
| Suppliers | 440/4 | €7,623,493 | €7,772,532 | +€149,038 | +2.0% |
| Taxes, remuneration and social security | 45 | €6,900,995 | €7,134,655 | +€233,660 | +3.4% |
| Taxes | 450/3 | €5,846,644 | €6,322,819 | +€476,175 | +8.1% |
| Remuneration and social security | 454/9 | €1,054,352 | €811,837 | -€242,515 | -23.0% |
| Other amounts payable | 47/48 | €1,382,402 | €4,989,606 | +€3.6m | +260.9% |
| Accrued charges and deferred income | 492/3 | €4,931,043 | €2,330,308 | -€2.6m | -52.7% |
| Operating income | 70/76A | €55,111,468 | €57,366,707 | +€2.3m | +4.1% |
| Turnover | 70 | €54,217,274 | €55,272,688 | +€1.1m | +1.9% |
| Other operating income | 74 | €894,194 | €2,094,019 | +€1.2m | +134.2% |
| Operating charges | 60/66A | €49,499,641 | €48,103,655 | -€1.4m | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €13,721,512 | €12,789,174 | -€932,339 | -6.8% |
| Purchases | 600/8 | €13,659,873 | €12,620,103 | -€1.0m | -7.6% |
| Change in stocks: decrease (increase) | 609 | €61,640 | €169,071 | +€107,431 | +174.3% |
| Services and other goods | 61 | €16,290,060 | €15,451,319 | -€838,741 | -5.1% |
| Remuneration, social security and pensions | 62 | €6,039,526 | €5,772,389 | -€267,137 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,104,457 | €12,085,339 | -€19,118 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €635,609 | +€635,609 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €604,393 | €712,698 | +€108,305 | +17.9% |
| Other operating charges | 640/8 | €739,693 | €657,127 | -€82,566 | -11.2% |
| Operating profit (loss) | 9901 | €5,611,827 | €9,263,052 | +€3.7m | +65.1% |
| Financial income | 75/76B | €427 | €314,305 | +€313,877 | +73423.3% |
| Recurring financial income | 75 | €427 | €314,305 | +€313,877 | +73423.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €0 | €313,381 | +€313,381 | |
| Other financial income | 752/9 | €427 | €924 | +€496 | +116.1% |
| Financial charges | 65/66B | €3,754,495 | €2,723,263 | -€1.0m | -27.5% |
| Recurring financial charges | 65 | €3,754,495 | €2,723,263 | -€1.0m | -27.5% |
| Debt charges | 650 | €3,290,055 | €2,316,044 | -€974,011 | -29.6% |
| Other financial charges | 652/9 | €464,440 | €407,219 | -€57,220 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €1,857,760 | €6,854,094 | +€5.0m | +268.9% |
| Income taxes | 67/77 | €717,706 | €1,986,860 | +€1.3m | +176.8% |
| Taxes | 670/3 | €717,706 | €1,986,860 | +€1.3m | +176.8% |
| Profit (loss) for the period | 9904 | €1,140,054 | €4,867,234 | +€3.7m | +326.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,140,054 | €4,867,234 | +€3.7m | +326.9% |
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 10 October 2026 via checked.be.