H2O PURE: 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.
H2O PURE
Largest movements
- Receivables within one year +€22,295
up €22,295 (+288%), from €7,747 to €30,042
of which Trade receivables: +€19,012
- Tangible fixed assets -€11,646
down €11,646 (-38.2%), from €30,469 to €18,823
of which Plant, machinery and equipment: -€5,975
- Cash -€5,854
down €5,854 (-8.4%), from €69,760 to €63,906
mainly Receivables within one year (-€22,295) and Investment in fixed assets (net) (-€6,977)
- Deferred charges and accrued income +€5,573
up €5,573 (+1,390%), from €401 to €5,974
- Intangible fixed assets -€4,000
down €4,000 (-25.0%), from €16,000 to €12,000
- Reserves +€16,530
up €16,530 (+37.8%), from €43,685 to €60,215
- Debts after one year -€6,700
down €6,700 (-38.5%), from €17,380 to €10,680
- Tax, wage and social debts +€4,500
up €4,500 (+57.2%), from €7,867 to €12,368
- Other debts -€2,429
down €2,429 (-11.5%), from €21,083 to €18,654
- Gross operating margin +€3,225
up €3,225 (+6.9%), from €46,609 to €49,833
- Other operating charges -€812
down €812 (-49.6%), from €1,639 to €827
- Taxes +€701
up €701 (+9.1%), from €7,673 to €8,374
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 | €149,121 | €158,851 | +€9,730 | +6.5% |
| Fixed assets | 21/28 | €46,469 | €30,823 | -€15,646 | -33.7% |
| Intangible fixed assets | 21 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Tangible fixed assets | 22/27 | €30,469 | €18,823 | -€11,646 | -38.2% |
| Plant, machinery and equipment | 23 | €10,168 | €4,192 | -€5,975 | -58.8% |
| Furniture and vehicles | 24 | €20,301 | €14,631 | -€5,670 | -27.9% |
| Current assets | 29/58 | €102,653 | €128,028 | +€25,375 | +24.7% |
| Stocks and contracts in progress | 3 | €24,745 | €28,106 | +€3,361 | +13.6% |
| Stocks | 30/36 | €24,745 | €28,106 | +€3,361 | +13.6% |
| Amounts receivable within one year | 40/41 | €7,747 | €30,042 | +€22,295 | +288% |
| Trade receivables | 40 | €6,543 | €25,555 | +€19,012 | +291% |
| Other amounts receivable | 41 | €1,204 | €4,487 | +€3,284 | +273% |
| Cash at bank and in hand | 54/58 | €69,760 | €63,906 | -€5,854 | -8.4% |
| Deferred charges and accrued income | 490/1 | €401 | €5,974 | +€5,573 | +1,390% |
| Total equity and liabilities | 10/49 | €149,121 | €158,851 | +€9,730 | +6.5% |
| Equity | 10/15 | €75,044 | €91,574 | +€16,530 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,685 | €60,215 | +€16,530 | +37.8% |
| Distributable reserves | 133 | €43,685 | €60,215 | +€16,530 | +37.8% |
| Profit (loss) carried forward | 14 | €25,159 | €25,159 | = | 0.0% |
| Amounts payable | 17/49 | €74,078 | €67,278 | -€6,800 | -9.2% |
| Amounts payable after more than one year | 17 | €17,380 | €10,680 | -€6,700 | -38.5% |
| Financial debts | 170/4 | €17,380 | €10,680 | -€6,700 | -38.5% |
| Amounts payable within one year | 42/48 | €55,498 | €56,597 | +€1,099 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,382 | €6,700 | +€318 | +5.0% |
| Trade debts | 44 | €20,167 | €18,876 | -€1,290 | -6.4% |
| Suppliers | 440/4 | €20,167 | €18,876 | -€1,290 | -6.4% |
| Taxes, remuneration and social security | 45 | €7,867 | €12,368 | +€4,500 | +57.2% |
| Taxes | 450/3 | €7,867 | €12,368 | +€4,500 | +57.2% |
| Other amounts payable | 47/48 | €21,083 | €18,654 | -€2,429 | -11.5% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,226 | €22,623 | +€396 | +1.8% |
| Other operating charges | 640/8 | €1,639 | €827 | -€812 | -49.6% |
| Non-recurring operating charges | 66A | - | €370 | +€370 | |
| Gross operating margin | 9900 | €46,609 | €49,833 | +€3,225 | +6.9% |
| Operating profit (loss) | 9901 | €22,744 | €26,014 | +€3,270 | +14.4% |
| Financial income | 75/76B | €15 | €116 | +€101 | +677% |
| Recurring financial income | 75 | €15 | €116 | +€101 | +677% |
| Financial charges | 65/66B | €1,010 | €1,226 | +€216 | +21.3% |
| Recurring financial charges | 65 | €1,010 | €1,226 | +€216 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €21,748 | €24,904 | +€3,156 | +14.5% |
| Income taxes | 67/77 | €7,673 | €8,374 | +€701 | +9.1% |
| Profit (loss) for the period | 9904 | €14,075 | €16,530 | +€2,455 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,075 | €16,530 | +€2,455 | +17.4% |
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 21 October 2026 via checked.be.