AQUOS: what changed
Two fiscal 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.
AQUOS
Largest movements
- Cash -€221,481
down €221,481 (-27.2%), from €814,371 to €592,889
mainly Other debts (-€360,372) and Tax, wage and social debts (-€24,080)
- Receivables after one year -€35,367
down €35,367 (-3.0%), from €1.2m to €1.2m
- Other debts -€360,372
down €360,372 (-48.4%), from €744,849 to €384,477
- Reserves +€125,919
up €125,919 (+12.6%), from €1.0m to €1.1m
of which Distributable reserves: +€125,919
- Tax, wage and social debts -€24,080
down €24,080 (-37.5%), from €64,209 to €40,129
of which Taxes: -€26,148
- Gross operating margin +€81,648
up €81,648 (+120.5%), from €67,761 to €149,409
- Taxes +€17,736
up €17,736 (+13915.0%), from €127 to €17,864
- Financial charges -€16,870
down €16,870 (-27.1%), from €62,146 to €45,276
of which Non-recurring financial charges: -€23,936
- Depreciation +€8,374
up €8,374 (+110.6%), from €7,571 to €15,945
- Financial income -€2,665
down €2,665 (-4.5%), from €58,768 to €56,102
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 | €2,109,341 | €1,852,859 | -€256,482 | -12.2% |
| Fixed assets | 21/28 | €53,117 | €58,844 | +€5,726 | +10.8% |
| Tangible fixed assets | 22/27 | €10,021 | €15,747 | +€5,726 | +57.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €701 | €13,306 | +€12,605 | +1797.3% |
| Other tangible fixed assets | 26 | €9,320 | €2,441 | -€6,879 | -73.8% |
| Financial fixed assets | 28 | €43,096 | €43,096 | = | 0.0% |
| Current assets | 29/58 | €2,056,224 | €1,794,016 | -€262,208 | -12.8% |
| Amounts receivable after more than one year | 29 | €1,189,451 | €1,154,085 | -€35,367 | -3.0% |
| Other amounts receivable | 291 | €1,189,451 | €1,154,085 | -€35,367 | -3.0% |
| Amounts receivable within one year | 40/41 | €49,679 | €42,324 | -€7,355 | -14.8% |
| Trade receivables | 40 | €28,150 | €27,266 | -€884 | -3.1% |
| Other amounts receivable | 41 | €21,530 | €15,058 | -€6,472 | -30.1% |
| Current investments | 50/53 | €1,211 | €1,211 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €814,371 | €592,889 | -€221,481 | -27.2% |
| Deferred charges and accrued income | 490/1 | €1,512 | €3,507 | +€1,995 | +131.9% |
| Total equity and liabilities | 10/49 | €2,109,341 | €1,852,859 | -€256,482 | -12.2% |
| Equity | 10/15 | €1,072,048 | €1,197,967 | +€125,919 | +11.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,002,048 | €1,127,967 | +€125,919 | +12.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,002,048 | €1,127,967 | +€125,919 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,037,293 | €654,892 | -€382,401 | -36.9% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €837,293 | €454,892 | -€382,401 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 43 | - | €52 | +€52 | |
| Credit institutions | 430/8 | - | €52 | +€52 | |
| Trade debts | 44 | €3,235 | €5,234 | +€1,999 | +61.8% |
| Suppliers | 440/4 | €3,235 | €5,234 | +€1,999 | +61.8% |
| Taxes, remuneration and social security | 45 | €64,209 | €40,129 | -€24,080 | -37.5% |
| Taxes | 450/3 | €64,209 | €38,060 | -€26,148 | -40.7% |
| Remuneration and social security | 454/9 | - | €2,069 | +€2,069 | |
| Other amounts payable | 47/48 | €744,849 | €384,477 | -€360,372 | -48.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,571 | €15,945 | +€8,374 | +110.6% |
| Other operating charges | 640/8 | €516 | €507 | -€8 | -1.6% |
| Non-recurring operating charges | 66A | €50,000 | €0 | -€50,000 | -100.0% |
| Gross operating margin | 9900 | €67,761 | €149,409 | +€81,648 | +120.5% |
| Operating profit (loss) | 9901 | €9,674 | €132,956 | +€123,283 | +1274.4% |
| Financial income | 75/76B | €58,768 | €56,102 | -€2,665 | -4.5% |
| Recurring financial income | 75 | €58,768 | €56,102 | -€2,665 | -4.5% |
| Financial charges | 65/66B | €62,146 | €45,276 | -€16,870 | -27.1% |
| Recurring financial charges | 65 | €38,210 | €45,276 | +€7,066 | +18.5% |
| Non-recurring financial charges | 66B | €23,936 | €0 | -€23,936 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €6,296 | €143,783 | +€137,487 | +2183.9% |
| Income taxes | 67/77 | €127 | €17,864 | +€17,736 | +13915.0% |
| Profit (loss) for the period | 9904 | €6,168 | €125,919 | +€119,751 | +1941.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,168 | €125,919 | +€119,751 | +1941.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.