Qap de l' eau: 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.
Qap de l' eau
Largest movements
- Cash +€26,745
up €26,745 (+175%), from €15,252 to €41,997
mainly Net result for the year (+€53,108) and Trade debts (+€11,838)
- Tangible fixed assets +€4,492
up €4,492 (+78.9%), from €5,696 to €10,188
of which Plant, machinery and equipment: +€8,310
- Receivables within one year -€963
down €963 (-12.1%), from €7,934 to €6,972
- Profit (loss) carried forward +€53,108
up €53,108 (+31.7%), from -€167,660 to -€114,552
- Short-term financial debts -€36,575
no longer reported in 2025 (was €36,575)
- Trade debts +€11,838
up €11,838 (+300%), from €3,947 to €15,785
- Other debts +€1,000
up €1,000 (+0.7%), from €151,935 to €152,935
- Tax, wage and social debts +€728
new in 2025: €728
- Gross operating margin +€105,390
up €105,390, from -€21,781 to €83,609
- Staff costs +€12,844
up €12,844 (+273%), from €4,710 to €17,554
- Other operating charges +€4,591
up €4,591 (+348%), from €1,319 to €5,910
- Depreciation +€1,421
up €1,421 (+201%), from €706 to €2,127
- Financial charges +€1,142
up €1,142 (+42.5%), from €2,684 to €3,826
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 | €30,998 | €61,097 | +€30,099 | +97.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,696 | €10,188 | +€4,492 | +78.9% |
| Tangible fixed assets | 22/27 | €5,696 | €10,188 | +€4,492 | +78.9% |
| Plant, machinery and equipment | 23 | €175 | €8,485 | +€8,310 | +4,755% |
| Furniture and vehicles | 24 | €5,522 | €1,703 | -€3,819 | -69.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €25,301 | €50,909 | +€25,607 | +101% |
| Stocks and contracts in progress | 3 | €2,063 | €1,940 | -€123 | -5.9% |
| Stocks | 30/36 | €2,063 | €1,940 | -€123 | -5.9% |
| Amounts receivable within one year | 40/41 | €7,934 | €6,972 | -€963 | -12.1% |
| Other amounts receivable | 41 | €7,934 | €6,972 | -€963 | -12.1% |
| Cash at bank and in hand | 54/58 | €15,252 | €41,997 | +€26,745 | +175% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €30,998 | €61,097 | +€30,099 | +97.1% |
| Equity | 10/15 | -€161,460 | -€108,352 | +€53,108 | +32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,660 | -€114,552 | +€53,108 | +31.7% |
| Amounts payable | 17/49 | €192,457 | €169,449 | -€23,009 | -12.0% |
| Amounts payable within one year | 42/48 | €192,457 | €169,449 | -€23,009 | -12.0% |
| Financial debts | 43 | €36,575 | - | -€36,575 | |
| Credit institutions | 430/8 | €36,575 | - | -€36,575 | |
| Trade debts | 44 | €3,947 | €15,785 | +€11,838 | +300% |
| Suppliers | 440/4 | €3,947 | €15,785 | +€11,838 | +300% |
| Taxes, remuneration and social security | 45 | - | €728 | +€728 | |
| Remuneration and social security | 454/9 | - | €728 | +€728 | |
| Other amounts payable | 47/48 | €151,935 | €152,935 | +€1,000 | +0.7% |
| Remuneration, social security and pensions | 62 | €4,710 | €17,554 | +€12,844 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €2,127 | +€1,421 | +201% |
| Other operating charges | 640/8 | €1,319 | €5,910 | +€4,591 | +348% |
| Non-recurring operating charges | 66A | - | €1,389 | +€1,389 | |
| Gross operating margin | 9900 | -€21,781 | €83,609 | +€105,390 | |
| Operating profit (loss) | 9901 | -€28,515 | €56,630 | +€85,144 | |
| Financial income | 75/76B | €77 | €304 | +€227 | +295% |
| Recurring financial income | 75 | €77 | €304 | +€227 | +295% |
| Financial charges | 65/66B | €2,684 | €3,826 | +€1,142 | +42.5% |
| Recurring financial charges | 65 | €2,684 | €3,826 | +€1,142 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,122 | €53,108 | +€84,230 | |
| Profit (loss) for the period | 9904 | -€31,122 | €53,108 | +€84,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,122 | €53,108 | +€84,230 |
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 19 October 2026 via checked.be.