CHARLEROI 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.
CHARLEROI hydro
Largest movements
- Current investments -€450,000
down €450,000 (-64.3%), from €700,000 to €250,000
- Cash +€414,891
up €414,891 (+272%), from €152,256 to €567,146
mainly Current investments (+€450,000) and Depreciation (+€171,379)
- Tangible fixed assets -€159,301
down €159,301 (-7.8%), from €2.1m to €1.9m
- Receivables within one year -€58,625
down €58,625 (-41.2%), from €142,129 to €83,505
of which Trade receivables: -€76,673
- Profit (loss) carried forward -€212,416
down €212,416 (-36.0%), from €589,984 to €377,568
- Other debts +€152,511
up €152,511 (+141%), from €108,518 to €261,029
- Debts after one year -€140,374
down €140,374 (-9.3%), from €1.5m to €1.4m
- Investment grants -€43,805
down €43,805 (-9.6%), from €457,198 to €413,393
- Gross operating margin -€319,603
down €319,603 (-63.0%), from €507,057 to €187,455
- Taxes -€68,682
down €68,682 (-100%), from €68,682 to €0
- Financial income +€30,398
up €30,398 (+102%), from €29,776 to €60,174
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 | €3,046,881 | €2,793,846 | -€253,035 | -8.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,052,496 | €1,893,195 | -€159,301 | -7.8% |
| Tangible fixed assets | 22/27 | €2,052,496 | €1,893,195 | -€159,301 | -7.8% |
| Land and buildings | 22 | €2,052,496 | €1,893,195 | -€159,301 | -7.8% |
| Current assets | 29/58 | €994,385 | €900,651 | -€93,734 | -9.4% |
| Amounts receivable within one year | 40/41 | €142,129 | €83,505 | -€58,625 | -41.2% |
| Trade receivables | 40 | €133,652 | €56,979 | -€76,673 | -57.4% |
| Other amounts receivable | 41 | €8,478 | €26,526 | +€18,048 | +213% |
| Current investments | 50/53 | €700,000 | €250,000 | -€450,000 | -64.3% |
| Cash at bank and in hand | 54/58 | €152,256 | €567,146 | +€414,891 | +272% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,046,881 | €2,793,846 | -€253,035 | -8.3% |
| Equity | 10/15 | €1,257,182 | €1,000,961 | -€256,221 | -20.4% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €589,984 | €377,568 | -€212,416 | -36.0% |
| Investment grants | 15 | €457,198 | €413,393 | -€43,805 | -9.6% |
| Amounts payable | 17/49 | €1,789,699 | €1,792,885 | +€3,186 | +0.2% |
| Amounts payable after more than one year | 17 | €1,517,442 | €1,377,069 | -€140,374 | -9.3% |
| Financial debts | 170/4 | €1,517,442 | €1,377,069 | -€140,374 | -9.3% |
| Amounts payable within one year | 42/48 | €272,257 | €415,816 | +€143,559 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €137,632 | €140,374 | +€2,741 | +2.0% |
| Trade debts | 44 | €21,127 | €9,435 | -€11,693 | -55.3% |
| Suppliers | 440/4 | €21,127 | €9,435 | -€11,693 | -55.3% |
| Taxes, remuneration and social security | 45 | €4,979 | €4,979 | = | 0.0% |
| Taxes | 450/3 | €4,979 | €4,979 | = | 0.0% |
| Other amounts payable | 47/48 | €108,518 | €261,029 | +€152,511 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,249 | €171,379 | +€1,130 | +0.7% |
| Other operating charges | 640/8 | €968 | €1,964 | +€996 | +103% |
| Gross operating margin | 9900 | €507,057 | €187,455 | -€319,603 | -63.0% |
| Operating profit (loss) | 9901 | €335,841 | €14,112 | -€321,729 | -95.8% |
| Financial income | 75/76B | €29,776 | €60,174 | +€30,398 | +102% |
| Recurring financial income | 75 | €29,776 | €60,174 | +€30,398 | +102% |
| Financial charges | 65/66B | €41,125 | €36,702 | -€4,423 | -10.8% |
| Recurring financial charges | 65 | €41,125 | €36,702 | -€4,423 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €324,492 | €37,584 | -€286,908 | -88.4% |
| Income taxes | 67/77 | €68,682 | €0 | -€68,682 | -100% |
| Profit (loss) for the period | 9904 | €255,810 | €37,584 | -€218,226 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €255,810 | €37,584 | -€218,226 | -85.3% |
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 29 October 2026 via checked.be.