Fluxys hydrogen: what changed
What changed
Fluxys hydrogen
NACE 49.500, Land transport and transport via pipelines
filed annual accounts (NBB)
Net result for the year
-
not filed
Equity
€25.5m
2024 · €5.5m+€20.0m
Cash
-
not filed
Balance sheet total
€96.7m
2024 · €6.8m+€89.9m
Largest movements
Assets
- Tangible fixed assets +€80.3m
up €80.3m (+289,329%), from €27,739 to €80.3m
- Deferred charges and accrued income +€6.2m
up €6.2m (+92.9%), from €6.6m to €12.8m
- Current investments +€2.9m
new in 2025: €2.9m
Equity and liabilities
- Debts after one year +€45.0m
new in 2025: €45.0m
- Trade debts +€24.9m
up €24.9m (+2,539%), from €981,954 to €25.9m
- Contributions +€20.0m
up €20.0m (+365%), from €5.5m to €25.5m
Income statement
- Purchases and services -€693,511
down €693,511 (-10.8%), from €6.4m to €5.7m
- Turnover -€518,359
down €518,359 (-7.8%), from €6.6m to €6.1m
- Gross operating margin +€478,094
up €478,094 (+208%), from €230,123 to €708,217
- Staff costs +€461,017
up €461,017 (+237%), from €194,908 to €655,925
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,750,438 | €96,665,156 | +€89.9m | +1,332% |
| Fixed assets | 21/28 | €27,739 | €80,284,645 | +€80.3m | +289,329% |
| Tangible fixed assets | 22/27 | €27,739 | €80,284,645 | +€80.3m | +289,329% |
| Assets under construction and advance payments | 27 | €27,739 | €80,284,645 | +€80.3m | +289,329% |
| Current assets | 29/58 | €6,722,699 | €16,380,511 | +€9.7m | +144% |
| Amounts receivable within one year | 40/41 | €93,110 | €667,786 | +€574,676 | +617% |
| Trade receivables | 40 | €639 | €2,392 | +€1,753 | +274% |
| Other amounts receivable | 41 | €92,471 | €665,394 | +€572,923 | +620% |
| Current investments | 50/53 | - | €2,926,961 | +€2.9m | |
| Deferred charges and accrued income | 490/1 | €6,629,589 | €12,785,764 | +€6.2m | +92.9% |
| Total equity and liabilities | 10/49 | €6,750,438 | €96,665,156 | +€89.9m | +1,332% |
| Equity | 10/15 | €5,475,000 | €25,475,000 | +€20.0m | +365% |
| Contributions | 10/11 | €5,475,000 | €25,475,000 | +€20.0m | +365% |
| Capital | 10 | €5,475,000 | €25,475,000 | +€20.0m | +365% |
| Issued capital | 100 | €5,475,000 | €83,475,000 | +€78.0m | +1,425% |
| Uncalled capital | 101 | - | €58,000,000 | +€58.0m | |
| Amounts payable | 17/49 | €1,275,438 | €71,190,156 | +€69.9m | +5,482% |
| Amounts payable after more than one year | 17 | - | €45,000,000 | +€45.0m | |
| Financial debts | 170/4 | - | €45,000,000 | +€45.0m | |
| Amounts payable within one year | 42/48 | €1,274,994 | €25,993,709 | +€24.7m | +1,939% |
| Financial debts | 43 | €187,781 | - | -€187,781 | |
| Credit institutions | 430/8 | €187,781 | - | -€187,781 | |
| Trade debts | 44 | €981,954 | €25,914,219 | +€24.9m | +2,539% |
| Suppliers | 440/4 | €981,954 | €25,914,219 | +€24.9m | +2,539% |
| Taxes, remuneration and social security | 45 | €105,259 | €79,490 | -€25,769 | -24.5% |
| Remuneration and social security | 454/9 | €105,259 | €79,490 | -€25,769 | -24.5% |
| Accrued charges and deferred income | 492/3 | €444 | €196,447 | +€196,003 | +44,145% |
| Turnover | 70 | €6,629,589 | €6,111,230 | -€518,359 | -7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,399,811 | €5,706,300 | -€693,511 | -10.8% |
| Remuneration, social security and pensions | 62 | €194,908 | €655,925 | +€461,017 | +237% |
| Gross operating margin | 9900 | €230,123 | €708,217 | +€478,094 | +208% |
| Operating profit (loss) | 9901 | €35,215 | €52,292 | +€17,077 | +48.5% |
| Financial income | 75/76B | - | €17,147 | +€17,147 | |
| Recurring financial income | 75 | - | €17,147 | +€17,147 | |
| Financial charges | 65/66B | €35,215 | €69,439 | +€34,224 | +97.2% |
| Recurring financial charges | 65 | €35,215 | €69,439 | +€34,224 | +97.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.