Aux Deux Eaux: 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.
Aux Deux Eaux
Largest movements
- Receivables within one year -€26,010
down €26,010 (-42.9%), from €60,646 to €34,636
of which Trade receivables: -€14,576
- Cash +€18,776
up €18,776 (+29.1%), from €64,469 to €83,244
mainly Receivables within one year (+€26,010) and Depreciation (+€4,030)
- Profit (loss) carried forward -€6,019
down €6,019 (-79.9%), from €7,536 to €1,518
- Contributions +€3,100
up €3,100 (+10.0%), from €31,000 to €34,100
- Reserves -€3,100
down €3,100 (-5.6%), from €55,442 to €52,342
- Tax, wage and social debts -€2,379
down €2,379 (-23.9%), from €9,943 to €7,564
- Gross operating margin -€7,252
down €7,252 (-33.6%), from €21,606 to €14,355
- Turnover -€5,887
down €5,887 (-13.9%), from €42,312 to €36,424
- Purchases and services +€1,364
up €1,364 (+6.6%), from €20,705 to €22,070
- Financial charges +€533
up €533 (+241%), from €221 to €755
- Other operating charges +€488
up €488 (+24.3%), from €2,006 to €2,494
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 | €193,413 | €183,788 | -€9,625 | -5.0% |
| Fixed assets | 21/28 | €68,299 | €65,909 | -€2,390 | -3.5% |
| Tangible fixed assets | 22/27 | €67,643 | €65,909 | -€1,735 | -2.6% |
| Land and buildings | 22 | €58,498 | €58,410 | -€89 | -0.2% |
| Plant, machinery and equipment | 23 | €9,145 | €7,499 | -€1,646 | -18.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €656 | - | -€656 | |
| Current assets | 29/58 | €125,114 | €117,880 | -€7,235 | -5.8% |
| Amounts receivable within one year | 40/41 | €60,646 | €34,636 | -€26,010 | -42.9% |
| Trade receivables | 40 | €20,171 | €5,595 | -€14,576 | -72.3% |
| Other amounts receivable | 41 | €40,474 | €29,040 | -€11,434 | -28.3% |
| Cash at bank and in hand | 54/58 | €64,469 | €83,244 | +€18,776 | +29.1% |
| Total equity and liabilities | 10/49 | €193,413 | €183,788 | -€9,625 | -5.0% |
| Equity | 10/15 | €94,627 | €88,392 | -€6,235 | -6.6% |
| Contributions | 10/11 | €31,000 | €34,100 | +€3,100 | +10.0% |
| Reserves | 13 | €55,442 | €52,342 | -€3,100 | -5.6% |
| Distributable reserves | 133 | €55,442 | €52,342 | -€3,100 | -5.6% |
| Profit (loss) carried forward | 14 | €7,536 | €1,518 | -€6,019 | -79.9% |
| Investment grants | 15 | €648 | €432 | -€216 | -33.3% |
| Provisions and deferred taxes | 16 | €334 | €223 | -€111 | -33.3% |
| Deferred taxes | 168 | €334 | €223 | -€111 | -33.3% |
| Amounts payable | 17/49 | €98,453 | €95,173 | -€3,279 | -3.3% |
| Amounts payable within one year | 42/48 | €98,453 | €95,173 | -€3,279 | -3.3% |
| Trade debts | 44 | €1,659 | €1,439 | -€220 | -13.3% |
| Suppliers | 440/4 | €1,659 | €1,439 | -€220 | -13.3% |
| Taxes, remuneration and social security | 45 | €9,943 | €7,564 | -€2,379 | -23.9% |
| Taxes | 450/3 | €9,943 | €7,564 | -€2,379 | -23.9% |
| Other amounts payable | 47/48 | €86,851 | €86,170 | -€680 | -0.8% |
| Turnover | 70 | €42,312 | €36,424 | -€5,887 | -13.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,705 | €22,070 | +€1,364 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €4,030 | +€475 | +13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,491 | €13,491 | = | 0.0% |
| Other operating charges | 640/8 | €2,006 | €2,494 | +€488 | +24.3% |
| Gross operating margin | 9900 | €21,606 | €14,355 | -€7,252 | -33.6% |
| Operating profit (loss) | 9901 | €2,553 | -€5,661 | -€8,215 | |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €221 | €755 | +€533 | +241% |
| Recurring financial charges | 65 | €221 | €755 | +€533 | +241% |
| Profit (loss) for the period before taxes | 9903 | €2,332 | -€6,346 | -€8,678 | |
| Transfer from deferred taxes | 780 | €111 | €111 | = | 0.0% |
| Profit (loss) for the period | 9904 | €2,443 | -€6,235 | -€8,678 | |
| Transfer from tax-exempt reserves | 789 | €216 | €216 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,660 | -€6,019 | -€8,678 |
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 18 October 2026 via checked.be.