Maho 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.
Maho Aqua
Largest movements
- Tangible fixed assets +€7,877
up €7,877 (+50.0%), from €15,763 to €23,641
of which Plant, machinery and equipment: +€6,773
- Cash +€5,837
up €5,837 (+13.3%), from €43,986 to €49,823
mainly Net result for the year (+€19,192) and Depreciation (+€3,865)
- Deferred charges and accrued income -€3,574
down €3,574 (-75.7%), from €4,724 to €1,150
- Receivables within one year -€2,990
down €2,990 (-100%), from €2,990 to €0
of which Other amounts receivable: -€2,167
- Profit (loss) carried forward +€19,192
up €19,192 (+45.5%), from -€42,170 to -€22,978
- Trade debts -€7,430
down €7,430 (-75.1%), from €9,894 to €2,464
- Tax, wage and social debts -€2,638
down €2,638 (-57.3%), from €4,603 to €1,965
of which Remuneration and social security: -€4,300
- Other debts -€1,898
down €1,898 (-7.0%), from €27,140 to €25,242
- Other operating charges +€13,185
up €13,185 (+467%), from €2,825 to €16,010
- Gross operating margin -€2,304
down €2,304 (-5.6%), from €41,237 to €38,933
- Depreciation +€1,126
up €1,126 (+41.1%), from €2,739 to €3,865
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 | €68,005 | €75,672 | +€7,667 | +11.3% |
| Fixed assets | 21/28 | €15,763 | €23,641 | +€7,877 | +50.0% |
| Tangible fixed assets | 22/27 | €15,763 | €23,641 | +€7,877 | +50.0% |
| Plant, machinery and equipment | 23 | €15,263 | €22,035 | +€6,773 | +44.4% |
| Furniture and vehicles | 24 | €501 | €1,606 | +€1,105 | +221% |
| Current assets | 29/58 | €52,242 | €52,032 | -€210 | -0.4% |
| Stocks and contracts in progress | 3 | €543 | €1,059 | +€516 | +95.2% |
| Stocks | 30/36 | €543 | €1,059 | +€516 | +95.2% |
| Amounts receivable within one year | 40/41 | €2,990 | €0 | -€2,990 | -100% |
| Trade receivables | 40 | €824 | €0 | -€824 | -100% |
| Other amounts receivable | 41 | €2,167 | €0 | -€2,167 | -100% |
| Cash at bank and in hand | 54/58 | €43,986 | €49,823 | +€5,837 | +13.3% |
| Deferred charges and accrued income | 490/1 | €4,724 | €1,150 | -€3,574 | -75.7% |
| Total equity and liabilities | 10/49 | €68,005 | €75,672 | +€7,667 | +11.3% |
| Equity | 10/15 | €26,369 | €45,562 | +€19,192 | +72.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,540 | €6,540 | = | 0.0% |
| Distributable reserves | 133 | €6,540 | €6,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,170 | -€22,978 | +€19,192 | +45.5% |
| Amounts payable | 17/49 | €41,636 | €30,111 | -€11,525 | -27.7% |
| Amounts payable within one year | 42/48 | €41,636 | €29,671 | -€11,965 | -28.7% |
| Trade debts | 44 | €9,894 | €2,464 | -€7,430 | -75.1% |
| Suppliers | 440/4 | €9,894 | €2,464 | -€7,430 | -75.1% |
| Taxes, remuneration and social security | 45 | €4,603 | €1,965 | -€2,638 | -57.3% |
| Taxes | 450/3 | €303 | €1,965 | +€1,662 | +549% |
| Remuneration and social security | 454/9 | €4,300 | €0 | -€4,300 | -100% |
| Other amounts payable | 47/48 | €27,140 | €25,242 | -€1,898 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €440 | +€440 | |
| Non-recurring operating income | 76A | €708 | €1,760 | +€1,052 | +149% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €3,865 | +€1,126 | +41.1% |
| Other operating charges | 640/8 | €2,825 | €16,010 | +€13,185 | +467% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €41,237 | €38,933 | -€2,304 | -5.6% |
| Operating profit (loss) | 9901 | €35,673 | €19,058 | -€16,614 | -46.6% |
| Financial income | 75/76B | €220 | €351 | +€131 | +59.6% |
| Recurring financial income | 75 | €220 | €351 | +€131 | +59.6% |
| Financial charges | 65/66B | €51 | €60 | +€9 | +17.1% |
| Recurring financial charges | 65 | €51 | €60 | +€9 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €35,842 | €19,349 | -€16,492 | -46.0% |
| Income taxes | 67/77 | €163 | €157 | -€6 | -3.7% |
| Profit (loss) for the period | 9904 | €35,679 | €19,192 | -€16,486 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,679 | €19,192 | -€16,486 | -46.2% |
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 31 October 2026 via checked.be.