Auvelais Hydro: 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.
Auvelais Hydro
Largest movements
- Tangible fixed assets -€163,320
down €163,320 (-7.8%), from €2.1m to €1.9m
of which Land and buildings: -€158,956
- Cash -€76,181
down €76,181 (-32.8%), from €232,180 to €155,999
mainly Contributions, distributions and other (-€193,218) and Debts after one year (-€143,157)
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Receivables within one year -€30,146
down €30,146 (-22.4%), from €134,660 to €104,514
of which Trade receivables: -€48,432
- Debts after one year -€143,157
down €143,157 (-9.3%), from €1.5m to €1.4m
- Profit (loss) carried forward -€58,789
down €58,789 (-14.8%), from €397,747 to €338,958
- Other debts +€52,511
up €52,511 (+48.4%), from €108,518 to €161,029
- Investment grants -€43,218
down €43,218 (-9.8%), from €440,999 to €397,781
- Trade debts -€42,862
down €42,862 (-63.6%), from €67,369 to €24,507
- Gross operating margin -€239,297
down €239,297 (-47.1%), from €507,763 to €268,466
- Financial income +€33,192
up €33,192 (+148%), from €22,375 to €55,568
- Taxes +€9,286
up €9,286 (+124%), from €7,492 to €16,778
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 | €2,914,548 | €2,694,901 | -€219,647 | -7.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,097,708 | €1,934,388 | -€163,320 | -7.8% |
| Tangible fixed assets | 22/27 | €2,097,708 | €1,934,388 | -€163,320 | -7.8% |
| Land and buildings | 22 | €2,088,199 | €1,929,242 | -€158,956 | -7.6% |
| Plant, machinery and equipment | 23 | €9,510 | €5,146 | -€4,364 | -45.9% |
| Current assets | 29/58 | €816,840 | €760,513 | -€56,327 | -6.9% |
| Amounts receivable within one year | 40/41 | €134,660 | €104,514 | -€30,146 | -22.4% |
| Trade receivables | 40 | €131,620 | €83,188 | -€48,432 | -36.8% |
| Other amounts receivable | 41 | €3,040 | €21,327 | +€18,287 | +601% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €232,180 | €155,999 | -€76,181 | -32.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,914,548 | €2,694,901 | -€219,647 | -7.5% |
| Equity | 10/15 | €1,048,746 | €946,739 | -€102,007 | -9.7% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €397,747 | €338,958 | -€58,789 | -14.8% |
| Investment grants | 15 | €440,999 | €397,781 | -€43,218 | -9.8% |
| Amounts payable | 17/49 | €1,865,802 | €1,748,162 | -€117,640 | -6.3% |
| Amounts payable after more than one year | 17 | €1,543,766 | €1,400,608 | -€143,157 | -9.3% |
| Financial debts | 170/4 | €1,543,766 | €1,400,608 | -€143,157 | -9.3% |
| Amounts payable within one year | 42/48 | €322,037 | €347,554 | +€25,517 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €140,362 | €143,157 | +€2,796 | +2.0% |
| Trade debts | 44 | €67,369 | €24,507 | -€42,862 | -63.6% |
| Suppliers | 440/4 | €67,369 | €24,507 | -€42,862 | -63.6% |
| Taxes, remuneration and social security | 45 | €5,788 | €18,860 | +€13,073 | +226% |
| Taxes | 450/3 | €5,788 | €18,860 | +€13,073 | +226% |
| Other amounts payable | 47/48 | €108,518 | €161,029 | +€52,511 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,688 | €175,398 | +€710 | +0.4% |
| Other operating charges | 640/8 | €1,225 | €1,256 | +€31 | +2.5% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €507,763 | €268,466 | -€239,297 | -47.1% |
| Operating profit (loss) | 9901 | €331,849 | €89,812 | -€242,038 | -72.9% |
| Financial income | 75/76B | €22,375 | €55,568 | +€33,192 | +148% |
| Recurring financial income | 75 | €22,375 | €55,568 | +€33,192 | +148% |
| Financial charges | 65/66B | €41,637 | €37,391 | -€4,246 | -10.2% |
| Recurring financial charges | 65 | €41,637 | €37,391 | -€4,246 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €312,588 | €107,989 | -€204,599 | -65.5% |
| Income taxes | 67/77 | €7,492 | €16,778 | +€9,286 | +124% |
| Profit (loss) for the period | 9904 | €305,096 | €91,211 | -€213,885 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €305,096 | €91,211 | -€213,885 | -70.1% |
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 31 October 2026 via checked.be.