VAYAQUA: 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.
VAYAQUA
Largest movements
- Receivables within one year -€14,069
down €14,069 (-24.6%), from €57,247 to €43,178
of which Other amounts receivable: -€9,586
- Cash +€9,610
up €9,610 (+61.6%), from €15,611 to €25,221
mainly Receivables within one year (+€14,069) and Net result for the year (+€12,233)
- Deferred charges and accrued income -€3,972
down €3,972 (-48.6%), from €8,177 to €4,206
- Tangible fixed assets -€1,129
down €1,129 (-15.2%), from €7,417 to €6,288
- Trade debts -€13,087
down €13,087 (-56.8%), from €23,038 to €9,952
- Profit (loss) carried forward +€12,233
up €12,233 (+43.8%), from €27,930 to €40,163
- Tax, wage and social debts -€5,207
down €5,207 (-22.6%), from €23,087 to €17,881
- Other debts -€3,826
down €3,826 (-36.0%), from €10,637 to €6,812
- Gross operating margin +€17,632
up €17,632 (+165%), from €10,661 to €28,292
- Financial charges +€4,378
up €4,378 (+178%), from €2,459 to €6,837
- Taxes +€2,943
up €2,943 (+134%), from €2,200 to €5,143
- Depreciation +€738
up €738 (+53.4%), from €1,382 to €2,120
- Other operating charges -€659
down €659 (-29.3%), from €2,248 to €1,589
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 | €88,453 | €78,893 | -€9,560 | -10.8% |
| Fixed assets | 21/28 | €7,417 | €6,288 | -€1,129 | -15.2% |
| Tangible fixed assets | 22/27 | €7,417 | €6,288 | -€1,129 | -15.2% |
| Furniture and vehicles | 24 | €7,417 | €6,288 | -€1,129 | -15.2% |
| Current assets | 29/58 | €81,036 | €72,605 | -€8,431 | -10.4% |
| Amounts receivable within one year | 40/41 | €57,247 | €43,178 | -€14,069 | -24.6% |
| Trade receivables | 40 | €47,661 | €43,178 | -€4,483 | -9.4% |
| Other amounts receivable | 41 | €9,586 | €0 | -€9,586 | -100% |
| Cash at bank and in hand | 54/58 | €15,611 | €25,221 | +€9,610 | +61.6% |
| Deferred charges and accrued income | 490/1 | €8,177 | €4,206 | -€3,972 | -48.6% |
| Total equity and liabilities | 10/49 | €88,453 | €78,893 | -€9,560 | -10.8% |
| Equity | 10/15 | €29,930 | €42,163 | +€12,233 | +40.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,930 | €40,163 | +€12,233 | +43.8% |
| Amounts payable | 17/49 | €58,523 | €36,730 | -€21,793 | -37.2% |
| Amounts payable within one year | 42/48 | €56,763 | €35,279 | -€21,483 | -37.8% |
| Trade debts | 44 | €23,038 | €9,952 | -€13,087 | -56.8% |
| Suppliers | 440/4 | €23,038 | €9,952 | -€13,087 | -56.8% |
| Advances received on contracts in progress | 46 | - | €636 | +€636 | |
| Taxes, remuneration and social security | 45 | €23,087 | €17,881 | -€5,207 | -22.6% |
| Taxes | 450/3 | €23,087 | €17,881 | -€5,207 | -22.6% |
| Other amounts payable | 47/48 | €10,637 | €6,812 | -€3,826 | -36.0% |
| Accrued charges and deferred income | 492/3 | €1,760 | €1,450 | -€310 | -17.6% |
| Non-recurring operating income | 76A | €12 | €0 | -€12 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €2,120 | +€738 | +53.4% |
| Other operating charges | 640/8 | €2,248 | €1,589 | -€659 | -29.3% |
| Non-recurring operating charges | 66A | - | €370 | +€370 | |
| Gross operating margin | 9900 | €10,661 | €28,292 | +€17,632 | +165% |
| Operating profit (loss) | 9901 | €7,030 | €24,213 | +€17,182 | +244% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700% |
| Financial charges | 65/66B | €2,459 | €6,837 | +€4,378 | +178% |
| Recurring financial charges | 65 | €2,459 | €6,837 | +€4,378 | +178% |
| Profit (loss) for the period before taxes | 9903 | €4,571 | €17,375 | +€12,804 | +280% |
| Income taxes | 67/77 | €2,200 | €5,143 | +€2,943 | +134% |
| Profit (loss) for the period | 9904 | €2,371 | €12,233 | +€9,861 | +416% |
| Profit (loss) for the period to be appropriated | 9905 | €2,371 | €12,233 | +€9,861 | +416% |
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 16 October 2026 via checked.be.