CRE@AQUA: 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.
CRE@AQUA
Largest movements
- Cash +€10,591
up €10,591 (+19.5%), from €54,378 to €64,970
mainly Other debts (+€20,258) and Net result for the year (+€17,466)
- Receivables within one year +€4,496
up €4,496 (+42.8%), from €10,513 to €15,010
of which Trade receivables: +€3,670
- Intangible fixed assets -€938
down €938 (-16.0%), from €5,882 to €4,944
- Other debts +€20,258
up €20,258 (+128%), from €15,816 to €36,075
- Trade debts +€12,769
up €12,769 (+1,764%), from €724 to €13,493
- Profit (loss) carried forward -€12,534
down €12,534 (-39.4%), from €31,784 to €19,250
- Tax, wage and social debts -€5,898
down €5,898 (-79.7%), from €7,398 to €1,500
of which Taxes: -€5,898
- Gross operating margin -€41,906
down €41,906 (-62.4%), from €67,118 to €25,212
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 | €76,183 | €90,778 | +€14,595 | +19.2% |
| Fixed assets | 21/28 | €10,471 | €9,979 | -€492 | -4.7% |
| Intangible fixed assets | 21 | €5,882 | €4,944 | -€938 | -16.0% |
| Tangible fixed assets | 22/27 | €4,589 | €5,035 | +€446 | +9.7% |
| Plant, machinery and equipment | 23 | €2,438 | €3,428 | +€990 | +40.6% |
| Furniture and vehicles | 24 | €2,151 | €1,607 | -€544 | -25.3% |
| Current assets | 29/58 | €65,711 | €80,799 | +€15,088 | +23.0% |
| Amounts receivable within one year | 40/41 | €10,513 | €15,010 | +€4,496 | +42.8% |
| Trade receivables | 40 | €10,412 | €14,081 | +€3,670 | +35.2% |
| Other amounts receivable | 41 | €102 | €928 | +€827 | +811% |
| Cash at bank and in hand | 54/58 | €54,378 | €64,970 | +€10,591 | +19.5% |
| Deferred charges and accrued income | 490/1 | €819 | €819 | = | 0.0% |
| Total equity and liabilities | 10/49 | €76,183 | €90,778 | +€14,595 | +19.2% |
| Equity | 10/15 | €52,244 | €39,710 | -€12,534 | -24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,784 | €19,250 | -€12,534 | -39.4% |
| Amounts payable | 17/49 | €23,938 | €51,068 | +€27,130 | +113% |
| Amounts payable within one year | 42/48 | €23,938 | €51,068 | +€27,130 | +113% |
| Trade debts | 44 | €724 | €13,493 | +€12,769 | +1,764% |
| Suppliers | 440/4 | €724 | €13,493 | +€12,769 | +1,764% |
| Taxes, remuneration and social security | 45 | €7,398 | €1,500 | -€5,898 | -79.7% |
| Taxes | 450/3 | €5,898 | €0 | -€5,898 | -100% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €15,816 | €36,075 | +€20,258 | +128% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €7,705 | +€407 | +5.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €67,118 | €25,212 | -€41,906 | -62.4% |
| Operating profit (loss) | 9901 | €59,819 | €17,107 | -€42,712 | -71.4% |
| Financial income | 75/76B | €312 | €399 | +€87 | +27.8% |
| Recurring financial income | 75 | €312 | €399 | +€87 | +27.8% |
| Financial charges | 65/66B | €107 | €40 | -€67 | -62.4% |
| Recurring financial charges | 65 | €107 | €40 | -€67 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €60,024 | €17,466 | -€42,559 | -70.9% |
| Profit (loss) for the period | 9904 | €60,024 | €17,466 | -€42,559 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,024 | €17,466 | -€42,559 | -70.9% |
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 23 October 2026 via checked.be.