AQwaTech: 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.
AQwaTech
Largest movements
- Cash +€95,434
up €95,434 (+110.7%), from €86,194 to €181,628
mainly Trade debts (+€86,694) and Net result for the year (+€34,343)
- Tangible fixed assets +€8,950
up €8,950 (+455.6%), from €1,965 to €10,915
- Receivables within one year +€7,665
up €7,665 (+28.0%), from €27,416 to €35,081
of which Trade receivables: +€7,879
- Trade debts +€86,694
up €86,694 (+255.1%), from €33,981 to €120,675
- Other debts +€20,148
up €20,148 (+160.0%), from €12,589 to €32,737
- Tax, wage and social debts +€9,473
up €9,473 (+96.6%), from €9,807 to €19,280
- Gross operating margin +€39,503
up €39,503 (+372.4%), from €10,609 to €50,111
- Taxes +€10,032
up €10,032 (+440.7%), from €2,277 to €12,309
- Depreciation +€1,126
up €1,126 (+194.4%), from €579 to €1,706
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 | €122,822 | €237,071 | +€114,249 | +93.0% |
| Formation expenses | 20 | €474 | €2,426 | +€1,953 | +412.4% |
| Fixed assets | 21/28 | €1,965 | €10,915 | +€8,950 | +455.6% |
| Tangible fixed assets | 22/27 | €1,965 | €10,915 | +€8,950 | +455.6% |
| Plant, machinery and equipment | 23 | €1,965 | €10,915 | +€8,950 | +455.6% |
| Current assets | 29/58 | €120,384 | €223,730 | +€103,346 | +85.8% |
| Stocks and contracts in progress | 3 | €6,773 | €7,021 | +€247 | +3.7% |
| Stocks | 30/36 | €6,773 | €7,021 | +€247 | +3.7% |
| Amounts receivable within one year | 40/41 | €27,416 | €35,081 | +€7,665 | +28.0% |
| Trade receivables | 40 | €27,193 | €35,072 | +€7,879 | +29.0% |
| Other amounts receivable | 41 | €223 | €9 | -€214 | -96.0% |
| Cash at bank and in hand | 54/58 | €86,194 | €181,628 | +€95,434 | +110.7% |
| Total equity and liabilities | 10/49 | €122,822 | €237,071 | +€114,249 | +93.0% |
| Equity | 10/15 | €64,197 | €64,197 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,597 | €45,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,737 | €43,737 | = | 0.0% |
| Amounts payable | 17/49 | €58,624 | €172,874 | +€114,249 | +194.9% |
| Amounts payable within one year | 42/48 | €56,377 | €172,874 | +€116,497 | +206.6% |
| Trade debts | 44 | €33,981 | €120,675 | +€86,694 | +255.1% |
| Suppliers | 440/4 | €33,981 | €120,675 | +€86,694 | +255.1% |
| Advances received on contracts in progress | 46 | - | €182 | +€182 | |
| Taxes, remuneration and social security | 45 | €9,807 | €19,280 | +€9,473 | +96.6% |
| Taxes | 450/3 | €9,807 | €19,280 | +€9,473 | +96.6% |
| Other amounts payable | 47/48 | €12,589 | €32,737 | +€20,148 | +160.0% |
| Accrued charges and deferred income | 492/3 | €2,248 | - | -€2,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €1,706 | +€1,126 | +194.4% |
| Other operating charges | 640/8 | €787 | €1,059 | +€272 | +34.5% |
| Gross operating margin | 9900 | €10,609 | €50,111 | +€39,503 | +372.4% |
| Operating profit (loss) | 9901 | €9,243 | €47,347 | +€38,105 | +412.3% |
| Financial income | 75/76B | €130 | €92 | -€37 | -28.8% |
| Recurring financial income | 75 | €130 | €92 | -€37 | -28.8% |
| Financial charges | 65/66B | €549 | €787 | +€239 | +43.5% |
| Recurring financial charges | 65 | €549 | €787 | +€239 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €8,824 | €46,652 | +€37,828 | +428.7% |
| Income taxes | 67/77 | €2,277 | €12,309 | +€10,032 | +440.7% |
| Profit (loss) for the period | 9904 | €6,547 | €34,343 | +€27,796 | +424.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,547 | €34,343 | +€27,796 | +424.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.