PH - AQUA - SYSTEMS: 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.
PH - AQUA - SYSTEMS
Largest movements
- Cash -€3,289
down €3,289 (-41.3%), from €7,957 to €4,668
mainly Net result for the year (-€4,167) and Investment in fixed assets (net) (-€1,198)
- Receivables within one year +€585
up €585 (+8.7%), from €6,690 to €7,276
of which Trade receivables: +€366
- Tangible fixed assets +€512
up €512 (+37.0%), from €1,382 to €1,894
- Profit (loss) carried forward -€4,167
down €4,167 (-21.0%), from -€19,808 to -€23,975
- Other debts +€1,503
new in 2024: €1,503
- Tax, wage and social debts -€906
down €906 (-28.6%), from €3,166 to €2,259
- Short-term financial debts +€862
up €862 (+14.4%), from €5,979 to €6,841
- Trade debts +€399
up €399 (+5.2%), from €7,605 to €8,003
- Gross operating margin -€5,871
down €5,871, from €4,313 to -€1,558
- Financial charges -€630
down €630 (-27.1%), from €2,323 to €1,693
- Taxes -€599
down €599 (-100.0%), from €599 to €0
- Financial income +€391
up €391 (+4303.7%), from €9 to €400
- Depreciation +€323
up €323 (+88.9%), from €364 to €687
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,401 | €15,091 | -€2,310 | -13.3% |
| Fixed assets | 21/28 | €1,882 | €2,394 | +€512 | +27.2% |
| Tangible fixed assets | 22/27 | €1,382 | €1,894 | +€512 | +37.0% |
| Furniture and vehicles | 24 | €1,382 | €1,894 | +€512 | +37.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €15,519 | €12,697 | -€2,822 | -18.2% |
| Stocks and contracts in progress | 3 | €692 | €692 | = | 0.0% |
| Stocks | 30/36 | €692 | €692 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,690 | €7,276 | +€585 | +8.7% |
| Trade receivables | 40 | €6,638 | €7,004 | +€366 | +5.5% |
| Other amounts receivable | 41 | €52 | €272 | +€220 | +421.3% |
| Cash at bank and in hand | 54/58 | €7,957 | €4,668 | -€3,289 | -41.3% |
| Deferred charges and accrued income | 490/1 | €180 | €62 | -€118 | -65.7% |
| Total equity and liabilities | 10/49 | €17,401 | €15,091 | -€2,310 | -13.3% |
| Equity | 10/15 | €652 | -€3,515 | -€4,167 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,808 | -€23,975 | -€4,167 | -21.0% |
| Amounts payable | 17/49 | €16,749 | €18,606 | +€1,857 | +11.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,749 | €18,606 | +€1,857 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,979 | €6,841 | +€862 | +14.4% |
| Credit institutions | 430/8 | €5,979 | €6,841 | +€862 | +14.4% |
| Trade debts | 44 | €7,605 | €8,003 | +€399 | +5.2% |
| Suppliers | 440/4 | €7,605 | €8,003 | +€399 | +5.2% |
| Taxes, remuneration and social security | 45 | €3,166 | €2,259 | -€906 | -28.6% |
| Taxes | 450/3 | €3,166 | €2,259 | -€906 | -28.6% |
| Other amounts payable | 47/48 | - | €1,503 | +€1,503 | |
| Non-recurring operating income | 76A | €9,527 | €0 | -€9,527 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €687 | +€323 | +88.9% |
| Other operating charges | 640/8 | €848 | €630 | -€217 | -25.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,313 | -€1,558 | -€5,871 | |
| Operating profit (loss) | 9901 | €3,102 | -€2,874 | -€5,977 | |
| Financial income | 75/76B | €9 | €400 | +€391 | +4303.7% |
| Recurring financial income | 75 | €9 | €400 | +€391 | +4303.7% |
| Financial charges | 65/66B | €2,323 | €1,693 | -€630 | -27.1% |
| Recurring financial charges | 65 | €2,323 | €1,693 | -€630 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €788 | -€4,167 | -€4,956 | |
| Income taxes | 67/77 | €599 | €0 | -€599 | -100.0% |
| Profit (loss) for the period | 9904 | €189 | -€4,167 | -€4,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €189 | -€4,167 | -€4,357 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.