ALLHYDRO: 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.
ALLHYDRO
Largest movements
- Tangible fixed assets +€65,094
up €65,094 (+51.5%), from €126,511 to €191,605
of which Land and buildings: +€38,235
- Receivables within one year -€60,091
down €60,091 (-13.0%), from €461,213 to €401,122
of which Other amounts receivable: -€38,758
- Stocks and contracts -€52,169
down €52,169 (-4.7%), from €1.1m to €1.1m
of which Contracts in progress: -€101,440
- Advances received -€154,464
down €154,464 (-97.8%), from €157,955 to €3,491
- Trade debts +€145,738
up €145,738 (+204.4%), from €71,302 to €217,040
- Other debts -€130,497
down €130,497 (-24.4%), from €534,594 to €404,097
- Reserves +€75,076
up €75,076 (+10.3%), from €726,546 to €801,622
of which Distributable reserves: +€75,076
- Tax, wage and social debts +€22,846
up €22,846 (+22.3%), from €102,652 to €125,498
of which Remuneration and social security: +€17,352
- Gross operating margin +€127,503
up €127,503 (+18.4%), from €691,340 to €818,843
- Staff costs +€48,828
up €48,828 (+8.5%), from €574,055 to €622,882
- Write-downs +€20,876
up €20,876 (+8721.4%), from €239 to €21,116
- Taxes +€12,226
up €12,226 (+64.9%), from €18,848 to €31,074
- Financial charges -€9,547
down €9,547 (-41.0%), from €23,312 to €13,765
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 | €1,705,373 | €1,657,310 | -€48,062 | -2.8% |
| Fixed assets | 21/28 | €126,511 | €191,605 | +€65,094 | +51.5% |
| Tangible fixed assets | 22/27 | €126,511 | €191,605 | +€65,094 | +51.5% |
| Land and buildings | 22 | €44,193 | €82,428 | +€38,235 | +86.5% |
| Plant, machinery and equipment | 23 | €38,932 | €43,147 | +€4,215 | +10.8% |
| Furniture and vehicles | 24 | €43,386 | €62,416 | +€19,030 | +43.9% |
| Other tangible fixed assets | 26 | - | €3,615 | +€3,615 | |
| Current assets | 29/58 | €1,578,862 | €1,465,705 | -€113,157 | -7.2% |
| Stocks and contracts in progress | 3 | €1,111,814 | €1,059,646 | -€52,169 | -4.7% |
| Stocks | 30/36 | €759,718 | €808,989 | +€49,271 | +6.5% |
| Contracts in progress | 37 | €352,096 | €250,657 | -€101,440 | -28.8% |
| Amounts receivable within one year | 40/41 | €461,213 | €401,122 | -€60,091 | -13.0% |
| Trade receivables | 40 | €378,556 | €357,222 | -€21,333 | -5.6% |
| Other amounts receivable | 41 | €82,658 | €43,900 | -€38,758 | -46.9% |
| Cash at bank and in hand | 54/58 | €46 | €26 | -€20 | -43.7% |
| Deferred charges and accrued income | 490/1 | €5,788 | €4,911 | -€876 | -15.1% |
| Total equity and liabilities | 10/49 | €1,705,373 | €1,657,310 | -€48,062 | -2.8% |
| Equity | 10/15 | €801,546 | €876,622 | +€75,076 | +9.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €726,546 | €801,622 | +€75,076 | +10.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €719,046 | €794,122 | +€75,076 | +10.4% |
| Provisions and deferred taxes | 16 | €18,626 | €16,822 | -€1,804 | -9.7% |
| Provisions for liabilities and charges | 160/5 | €18,626 | €16,822 | -€1,804 | -9.7% |
| Other liabilities and charges | 164/5 | €18,626 | €16,822 | -€1,804 | -9.7% |
| Amounts payable | 17/49 | €885,200 | €763,866 | -€121,335 | -13.7% |
| Amounts payable after more than one year | 17 | €10,404 | €10,404 | = | 0.0% |
| Other amounts payable | 178/9 | €10,404 | €10,404 | = | 0.0% |
| Amounts payable within one year | 42/48 | €866,503 | €750,125 | -€116,378 | -13.4% |
| Trade debts | 44 | €71,302 | €217,040 | +€145,738 | +204.4% |
| Suppliers | 440/4 | €71,302 | €217,040 | +€145,738 | +204.4% |
| Advances received on contracts in progress | 46 | €157,955 | €3,491 | -€154,464 | -97.8% |
| Taxes, remuneration and social security | 45 | €102,652 | €125,498 | +€22,846 | +22.3% |
| Taxes | 450/3 | €7,366 | €12,860 | +€5,493 | +74.6% |
| Remuneration and social security | 454/9 | €95,286 | €112,638 | +€17,352 | +18.2% |
| Other amounts payable | 47/48 | €534,594 | €404,097 | -€130,497 | -24.4% |
| Accrued charges and deferred income | 492/3 | €8,293 | €3,337 | -€4,957 | -59.8% |
| Remuneration, social security and pensions | 62 | €574,055 | €622,882 | +€48,828 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,610 | €49,399 | +€4,790 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €239 | €21,116 | +€20,876 | +8721.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,604 | -€1,804 | +€8,801 | +83.0% |
| Other operating charges | 640/8 | €9,185 | €7,658 | -€1,527 | -16.6% |
| Gross operating margin | 9900 | €691,340 | €818,843 | +€127,503 | +18.4% |
| Operating profit (loss) | 9901 | €73,855 | €119,590 | +€45,735 | +61.9% |
| Financial income | 75/76B | €2,573 | €324 | -€2,249 | -87.4% |
| Recurring financial income | 75 | €2,573 | €324 | -€2,249 | -87.4% |
| Financial charges | 65/66B | €23,312 | €13,765 | -€9,547 | -41.0% |
| Recurring financial charges | 65 | €23,312 | €13,765 | -€9,547 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €53,116 | €106,150 | +€53,034 | +99.8% |
| Income taxes | 67/77 | €18,848 | €31,074 | +€12,226 | +64.9% |
| Profit (loss) for the period | 9904 | €34,268 | €75,076 | +€40,808 | +119.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,268 | €75,076 | +€40,808 | +119.1% |
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 7 October 2026 via checked.be.