Aqualion: 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.
Aqualion
Largest movements
- Cash +€83,687
up €83,687 (+82.7%), from €101,133 to €184,819
mainly Net result for the year (+€33,862) and Depreciation (+€23,618)
- Tangible fixed assets -€23,618
down €23,618 (-60.1%), from €39,278 to €15,659
of which Furniture and vehicles: -€22,133
- Receivables within one year -€14,797
down €14,797 (-78.5%), from €18,844 to €4,047
of which Other amounts receivable: -€14,797
- Reserves +€33,862
up €33,862 (+27.4%), from €123,456 to €157,319
- Other debts +€12,149
up €12,149 (+44.2%), from €27,474 to €39,623
- Gross operating margin -€42,558
down €42,558 (-36.3%), from €117,138 to €74,580
- Taxes -€5,199
down €5,199 (-27.5%), from €18,918 to €13,719
- Financial charges +€2,628
up €2,628 (+1127.4%), from €233 to €2,861
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.
Cash bridge derived
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 | €160,678 | €206,486 | +€45,808 | +28.5% |
| Fixed assets | 21/28 | €39,278 | €15,659 | -€23,618 | -60.1% |
| Tangible fixed assets | 22/27 | €39,278 | €15,659 | -€23,618 | -60.1% |
| Plant, machinery and equipment | 23 | €1,178 | €593 | -€585 | -49.7% |
| Furniture and vehicles | 24 | €34,485 | €12,352 | -€22,133 | -64.2% |
| Other tangible fixed assets | 26 | €3,615 | €2,715 | -€900 | -24.9% |
| Current assets | 29/58 | €121,400 | €190,826 | +€69,426 | +57.2% |
| Amounts receivable within one year | 40/41 | €18,844 | €4,047 | -€14,797 | -78.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €18,844 | €4,047 | -€14,797 | -78.5% |
| Cash at bank and in hand | 54/58 | €101,133 | €184,819 | +€83,687 | +82.7% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,960 | +€536 | +37.6% |
| Total equity and liabilities | 10/49 | €160,678 | €206,486 | +€45,808 | +28.5% |
| Equity | 10/15 | €128,456 | €162,319 | +€33,862 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,456 | €157,319 | +€33,862 | +27.4% |
| Distributable reserves | 133 | €123,456 | €157,319 | +€33,862 | +27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,222 | €44,167 | +€11,945 | +37.1% |
| Amounts payable within one year | 42/48 | €32,222 | €44,167 | +€11,945 | +37.1% |
| Financial debts | 43 | €964 | €1,891 | +€927 | +96.2% |
| Credit institutions | 430/8 | €964 | €1,891 | +€927 | +96.2% |
| Trade debts | 44 | €1,784 | €747 | -€1,037 | -58.1% |
| Suppliers | 440/4 | €1,784 | €747 | -€1,037 | -58.1% |
| Taxes, remuneration and social security | 45 | €2,000 | €1,906 | -€94 | -4.7% |
| Taxes | 450/3 | €0 | €1,906 | +€1,906 | |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €27,474 | €39,623 | +€12,149 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,400 | €23,618 | +€219 | +0.9% |
| Other operating charges | 640/8 | €906 | €520 | -€386 | -42.6% |
| Gross operating margin | 9900 | €117,138 | €74,580 | -€42,558 | -36.3% |
| Operating profit (loss) | 9901 | €92,833 | €50,442 | -€42,391 | -45.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €233 | €2,861 | +€2,628 | +1127.4% |
| Recurring financial charges | 65 | €233 | €2,861 | +€2,628 | +1127.4% |
| Profit (loss) for the period before taxes | 9903 | €92,600 | €47,582 | -€45,018 | -48.6% |
| Income taxes | 67/77 | €18,918 | €13,719 | -€5,199 | -27.5% |
| Profit (loss) for the period | 9904 | €73,682 | €33,862 | -€39,819 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,682 | €33,862 | -€39,819 | -54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.