AQUMEN: 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.
AQUMEN
Largest movements
- Cash +€61,463
up €61,463 (+25.8%), from €238,593 to €300,056
mainly Net result for the year (+€140,053) and Other debts (+€105,970)
- Current investments +€60,000
up €60,000 (+246.0%), from €24,385 to €84,385
- Receivables after one year +€24,679
up €24,679 (+12.5%), from €197,239 to €221,918
- Receivables within one year -€21,272
down €21,272 (-32.7%), from €64,969 to €43,697
of which Trade receivables: -€26,172
- Other debts +€105,970
up €105,970 (+503.8%), from €21,035 to €127,005
- Profit (loss) carried forward +€61,200
new in 2025: €61,200
- Reserves -€38,732
down €38,732 (-7.9%), from €487,839 to €449,107
of which Tax-exempt reserves: -€38,732
- Debts after one year -€11,650
down €11,650 (-28.6%), from €40,805 to €29,155
- Gross operating margin -€8,538
down €8,538 (-4.3%), from €199,141 to €190,604
- Financial charges +€4,749
up €4,749 (+235.0%), from €2,020 to €6,769
- Depreciation +€4,409
up €4,409 (+48.2%), from €9,149 to €13,558
- Taxes -€4,132
down €4,132 (-8.6%), from €48,235 to €44,103
- Financial income +€3,906
up €3,906 (+35.9%), from €10,876 to €14,782
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 | €582,456 | €701,849 | +€119,393 | +20.5% |
| Fixed assets | 21/28 | €55,995 | €50,003 | -€5,991 | -10.7% |
| Tangible fixed assets | 22/27 | €55,995 | €50,003 | -€5,991 | -10.7% |
| Plant, machinery and equipment | 23 | €1,332 | €2,764 | +€1,432 | +107.6% |
| Furniture and vehicles | 24 | €54,663 | €47,240 | -€7,423 | -13.6% |
| Current assets | 29/58 | €526,462 | €651,846 | +€125,384 | +23.8% |
| Amounts receivable after more than one year | 29 | €197,239 | €221,918 | +€24,679 | +12.5% |
| Other amounts receivable | 291 | €197,239 | €221,918 | +€24,679 | +12.5% |
| Amounts receivable within one year | 40/41 | €64,969 | €43,697 | -€21,272 | -32.7% |
| Trade receivables | 40 | €51,920 | €25,747 | -€26,172 | -50.4% |
| Other amounts receivable | 41 | €13,050 | €17,950 | +€4,900 | +37.5% |
| Current investments | 50/53 | €24,385 | €84,385 | +€60,000 | +246.0% |
| Cash at bank and in hand | 54/58 | €238,593 | €300,056 | +€61,463 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,790 | +€515 | +40.4% |
| Total equity and liabilities | 10/49 | €582,456 | €701,849 | +€119,393 | +20.5% |
| Equity | 10/15 | €506,439 | €528,907 | +€22,468 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €487,839 | €449,107 | -€38,732 | -7.9% |
| Tax-exempt reserves | 132 | €200,817 | €162,085 | -€38,732 | -19.3% |
| Distributable reserves | 133 | €287,022 | €287,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €61,200 | +€61,200 | |
| Amounts payable | 17/49 | €76,017 | €172,942 | +€96,925 | +127.5% |
| Amounts payable after more than one year | 17 | €40,805 | €29,155 | -€11,650 | -28.6% |
| Financial debts | 170/4 | €40,805 | €29,155 | -€11,650 | -28.6% |
| Amounts payable within one year | 42/48 | €33,989 | €143,367 | +€109,378 | +321.8% |
| Current portion of amounts payable after more than one year | 42 | €11,173 | €11,650 | +€477 | +4.3% |
| Trade debts | 44 | €1,782 | €1,637 | -€145 | -8.1% |
| Suppliers | 440/4 | €1,782 | €1,637 | -€145 | -8.1% |
| Taxes, remuneration and social security | 45 | - | €3,075 | +€3,075 | |
| Taxes | 450/3 | - | €3,075 | +€3,075 | |
| Other amounts payable | 47/48 | €21,035 | €127,005 | +€105,970 | +503.8% |
| Accrued charges and deferred income | 492/3 | €1,223 | €421 | -€803 | -65.6% |
| Non-recurring operating income | 76A | €4,732 | - | -€4,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €13,558 | +€4,409 | +48.2% |
| Other operating charges | 640/8 | €1,185 | €902 | -€283 | -23.9% |
| Gross operating margin | 9900 | €199,141 | €190,604 | -€8,538 | -4.3% |
| Operating profit (loss) | 9901 | €188,807 | €176,144 | -€12,664 | -6.7% |
| Financial income | 75/76B | €10,876 | €14,782 | +€3,906 | +35.9% |
| Recurring financial income | 75 | €10,876 | €14,782 | +€3,906 | +35.9% |
| Financial charges | 65/66B | €2,020 | €6,769 | +€4,749 | +235.0% |
| Recurring financial charges | 65 | €2,020 | €6,769 | +€4,749 | +235.0% |
| Profit (loss) for the period before taxes | 9903 | €197,663 | €184,157 | -€13,506 | -6.8% |
| Income taxes | 67/77 | €48,235 | €44,103 | -€4,132 | -8.6% |
| Profit (loss) for the period | 9904 | €149,428 | €140,053 | -€9,375 | -6.3% |
| Transfer from tax-exempt reserves | 789 | €56,248 | €57,677 | +€1,429 | +2.5% |
| Transfer to tax-exempt reserves | 689 | €53,252 | €18,945 | -€34,307 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €152,424 | €178,785 | +€26,361 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.