FABHYDRO: 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.
FABHYDRO
Largest movements
- Receivables within one year -€35,556
down €35,556 (-26.1%), from €136,195 to €100,639
of which Trade receivables: -€34,997
- Deferred charges and accrued income -€32,755
down €32,755 (-86.7%), from €37,794 to €5,039
- Tangible fixed assets -€22,075
down €22,075 (-8.6%), from €256,660 to €234,585
of which Plant, machinery and equipment: -€12,292
- Tax, wage and social debts -€91,245
down €91,245 (-44.2%), from €206,286 to €115,041
of which Taxes: -€70,491
- Other debts +€63,907
up €63,907 (+104.0%), from €61,469 to €125,376
- Debts after one year -€43,369
down €43,369 (-22.1%), from €196,640 to €153,271
- Current portion of long-term debt -€33,124
down €33,124 (-38.4%), from €86,287 to €53,163
- Profit (loss) carried forward +€11,104
up €11,104 (+5.8%), from €191,761 to €202,866
- Staff costs -€109,837
down €109,837 (-31.3%), from €350,378 to €240,540
- Gross operating margin -€83,403
down €83,403 (-19.9%), from €418,069 to €334,666
- Financial income +€14,475
up €14,475 (+6661.8%), from €217 to €14,692
- Other operating charges -€13,738
down €13,738 (-46.1%), from €29,824 to €16,086
- Depreciation -€5,256
down €5,256 (-14.8%), from €35,582 to €30,326
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 | €1,001,600 | €907,536 | -€94,064 | -9.4% |
| Fixed assets | 21/28 | €272,739 | €242,621 | -€30,118 | -11.0% |
| Intangible fixed assets | 21 | €14,449 | €6,406 | -€8,043 | -55.7% |
| Tangible fixed assets | 22/27 | €256,660 | €234,585 | -€22,075 | -8.6% |
| Land and buildings | 22 | €216,810 | €209,532 | -€7,278 | -3.4% |
| Plant, machinery and equipment | 23 | €36,369 | €24,076 | -€12,292 | -33.8% |
| Furniture and vehicles | 24 | €3,481 | €977 | -€2,504 | -71.9% |
| Financial fixed assets | 28 | €1,630 | €1,630 | = | 0.0% |
| Current assets | 29/58 | €728,861 | €664,915 | -€63,946 | -8.8% |
| Stocks and contracts in progress | 3 | €554,108 | €558,938 | +€4,830 | +0.9% |
| Stocks | 30/36 | €554,108 | €558,938 | +€4,830 | +0.9% |
| Amounts receivable within one year | 40/41 | €136,195 | €100,639 | -€35,556 | -26.1% |
| Trade receivables | 40 | €133,153 | €98,156 | -€34,997 | -26.3% |
| Other amounts receivable | 41 | €3,043 | €2,483 | -€559 | -18.4% |
| Cash at bank and in hand | 54/58 | €764 | €299 | -€465 | -60.9% |
| Deferred charges and accrued income | 490/1 | €37,794 | €5,039 | -€32,755 | -86.7% |
| Total equity and liabilities | 10/49 | €1,001,600 | €907,536 | -€94,064 | -9.4% |
| Equity | 10/15 | €210,311 | €222,356 | +€12,045 | +5.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,761 | €202,866 | +€11,104 | +5.8% |
| Investment grants | 15 | - | €940 | +€940 | |
| Amounts payable | 17/49 | €791,289 | €685,180 | -€106,109 | -13.4% |
| Amounts payable after more than one year | 17 | €196,640 | €153,271 | -€43,369 | -22.1% |
| Financial debts | 170/4 | €196,640 | €153,271 | -€43,369 | -22.1% |
| Amounts payable within one year | 42/48 | €592,864 | €519,991 | -€72,873 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €86,287 | €53,163 | -€33,124 | -38.4% |
| Financial debts | 43 | €93,697 | €91,653 | -€2,044 | -2.2% |
| Credit institutions | 430/8 | €63,697 | €61,653 | -€2,044 | -3.2% |
| Other loans | 439 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €145,125 | €134,758 | -€10,366 | -7.1% |
| Suppliers | 440/4 | €145,125 | €134,758 | -€10,366 | -7.1% |
| Taxes, remuneration and social security | 45 | €206,286 | €115,041 | -€91,245 | -44.2% |
| Taxes | 450/3 | €110,783 | €40,292 | -€70,491 | -63.6% |
| Remuneration and social security | 454/9 | €95,503 | €74,748 | -€20,754 | -21.7% |
| Other amounts payable | 47/48 | €61,469 | €125,376 | +€63,907 | +104.0% |
| Accrued charges and deferred income | 492/3 | €1,785 | €11,917 | +€10,133 | +567.8% |
| Non-recurring operating income | 76A | €29,561 | €2,661 | -€26,900 | -91.0% |
| Remuneration, social security and pensions | 62 | €350,378 | €240,540 | -€109,837 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,582 | €30,326 | -€5,256 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,938 | €165 | +€5,103 | |
| Other operating charges | 640/8 | €29,824 | €16,086 | -€13,738 | -46.1% |
| Non-recurring operating charges | 66A | €16,041 | - | -€16,041 | |
| Gross operating margin | 9900 | €418,069 | €334,666 | -€83,403 | -19.9% |
| Operating profit (loss) | 9901 | -€8,816 | €47,550 | +€56,366 | |
| Financial income | 75/76B | €217 | €14,692 | +€14,475 | +6661.8% |
| Recurring financial income | 75 | €217 | €14,692 | +€14,475 | +6661.8% |
| Financial charges | 65/66B | €48,449 | €50,844 | +€2,394 | +4.9% |
| Recurring financial charges | 65 | €47,676 | €50,844 | +€3,168 | +6.6% |
| Non-recurring financial charges | 66B | €774 | - | -€774 | |
| Profit (loss) for the period before taxes | 9903 | -€57,048 | €11,398 | +€68,446 | |
| Income taxes | 67/77 | €152 | €294 | +€142 | +93.1% |
| Profit (loss) for the period | 9904 | -€57,200 | €11,104 | +€68,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,200 | €11,104 | +€68,305 |
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.