be 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.
be Hydro
Largest movements
- Cash +€1.4m
up €1.4m (+1,413%), from €99,163 to €1.5m
mainly Trade debts (+€1.4m) and Advances received (+€486,101)
- Stocks and contracts +€343,776
up €343,776 (+21.2%), from €1.6m to €2.0m
- Intangible fixed assets -€343,199
down €343,199 (-49.2%), from €697,888 to €354,689
- Receivables within one year +€169,828
up €169,828 (+39.4%), from €430,778 to €600,607
of which Trade receivables: +€168,718
- Trade debts +€1.4m
up €1.4m (+191%), from €757,349 to €2.2m
- Advances received +€486,101
up €486,101 (+125%), from €390,279 to €876,381
- Profit (loss) carried forward -€285,305
down €285,305 (-44.9%), from -€635,925 to -€921,230
- Provisions -€80,000
no longer reported in 2025 (was €80,000)
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€1.0m
new in 2025: €1.0m
- Gross operating margin -€89,810
down €89,810 (-57.5%), from €156,308 to €66,498
- Financial charges -€60,212
down €60,212 (-43.3%), from €138,977 to €78,765
- Provisions -€60,000
down €60,000 (-300%), from -€20,000 to -€80,000
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 | €2,847,903 | €4,419,206 | +€1.6m | +55.2% |
| Fixed assets | 21/28 | €697,888 | €354,689 | -€343,199 | -49.2% |
| Intangible fixed assets | 21 | €697,888 | €354,689 | -€343,199 | -49.2% |
| Current assets | 29/58 | €2,150,015 | €4,064,517 | +€1.9m | +89.0% |
| Stocks and contracts in progress | 3 | €1,618,699 | €1,962,475 | +€343,776 | +21.2% |
| Stocks | 30/36 | €1,618,699 | €1,962,475 | +€343,776 | +21.2% |
| Amounts receivable within one year | 40/41 | €430,778 | €600,607 | +€169,828 | +39.4% |
| Trade receivables | 40 | €429,902 | €598,619 | +€168,718 | +39.2% |
| Other amounts receivable | 41 | €876 | €1,987 | +€1,111 | +127% |
| Cash at bank and in hand | 54/58 | €99,163 | €1,500,060 | +€1.4m | +1,413% |
| Deferred charges and accrued income | 490/1 | €1,375 | €1,375 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,847,903 | €4,419,206 | +€1.6m | +55.2% |
| Equity | 10/15 | -€117,375 | -€402,680 | -€285,305 | -243% |
| Contributions | 10/11 | €518,550 | €518,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€635,925 | -€921,230 | -€285,305 | -44.9% |
| Provisions and deferred taxes | 16 | €80,000 | - | -€80,000 | |
| Provisions for liabilities and charges | 160/5 | €80,000 | - | -€80,000 | |
| Other liabilities and charges | 164/5 | €80,000 | - | -€80,000 | |
| Amounts payable | 17/49 | €2,885,278 | €4,821,885 | +€1.9m | +67.1% |
| Amounts payable within one year | 42/48 | €2,885,278 | €4,821,885 | +€1.9m | +67.1% |
| Trade debts | 44 | €757,349 | €2,206,855 | +€1.4m | +191% |
| Suppliers | 440/4 | €757,349 | €2,206,855 | +€1.4m | +191% |
| Advances received on contracts in progress | 46 | €390,279 | €876,381 | +€486,101 | +125% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,737,650 | €1,737,650 | = | 0.0% |
| Turnover | 70 | - | €1,098,734 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,032,236 | +€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,199 | €343,199 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | -€80,000 | -€60,000 | -300% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €156,308 | €66,498 | -€89,810 | -57.5% |
| Operating profit (loss) | 9901 | -€167,008 | -€196,821 | -€29,812 | -17.9% |
| Financial charges | 65/66B | €138,977 | €78,765 | -€60,212 | -43.3% |
| Recurring financial charges | 65 | €138,977 | €78,765 | -€60,212 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | -€305,985 | -€275,585 | +€30,400 | +9.9% |
| Income taxes | 67/77 | - | €9,719 | +€9,719 | |
| Profit (loss) for the period | 9904 | -€305,985 | -€285,305 | +€20,680 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€305,985 | -€285,305 | +€20,680 | +6.8% |
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 18 October 2026 via checked.be.