H2O TECHNIEK: 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 TECHNIEK
Largest movements
- Receivables within one year +€22,510
up €22,510 (+66.3%), from €33,944 to €56,455
of which Other amounts receivable: +€19,433
- Cash +€18,321
up €18,321 (+58.9%), from €31,084 to €49,405
mainly Depreciation (+€97,769) and Net result for the year (+€21,467)
- Profit (loss) carried forward +€21,467
up €21,467 (+44.7%), from -€47,972 to -€26,506
- Debts after one year +€15,596
up €15,596 (+7.1%), from €218,162 to €233,758
- Gross operating margin +€46,430
up €46,430 (+56.0%), from €82,926 to €129,356
- Depreciation +€6,022
up €6,022 (+6.6%), from €91,747 to €97,769
- Financial charges +€1,954
up €1,954 (+28.1%), from €6,961 to €8,916
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 | €708,875 | €744,557 | +€35,682 | +5.0% |
| Fixed assets | 21/28 | €643,846 | €638,698 | -€5,149 | -0.8% |
| Tangible fixed assets | 22/27 | €643,846 | €638,698 | -€5,149 | -0.8% |
| Land and buildings | 22 | €512,441 | €471,972 | -€40,468 | -7.9% |
| Plant, machinery and equipment | 23 | €76,709 | €64,434 | -€12,275 | -16.0% |
| Furniture and vehicles | 24 | €54,697 | €102,292 | +€47,595 | +87.0% |
| Current assets | 29/58 | €65,028 | €105,860 | +€40,831 | +62.8% |
| Amounts receivable within one year | 40/41 | €33,944 | €56,455 | +€22,510 | +66.3% |
| Trade receivables | 40 | €6,027 | €9,104 | +€3,077 | +51.1% |
| Other amounts receivable | 41 | €27,917 | €47,350 | +€19,433 | +69.6% |
| Cash at bank and in hand | 54/58 | €31,084 | €49,405 | +€18,321 | +58.9% |
| Total equity and liabilities | 10/49 | €708,875 | €744,557 | +€35,682 | +5.0% |
| Equity | 10/15 | €368,874 | €390,340 | +€21,467 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €410,646 | €410,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €408,786 | €408,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,972 | -€26,506 | +€21,467 | +44.7% |
| Amounts payable | 17/49 | €340,001 | €354,217 | +€14,216 | +4.2% |
| Amounts payable after more than one year | 17 | €218,162 | €233,758 | +€15,596 | +7.1% |
| Financial debts | 170/4 | €218,162 | €233,758 | +€15,596 | +7.1% |
| Amounts payable within one year | 42/48 | €121,839 | €120,459 | -€1,380 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €59,631 | €56,536 | -€3,095 | -5.2% |
| Trade debts | 44 | €245 | - | -€245 | |
| Suppliers | 440/4 | €245 | - | -€245 | |
| Taxes, remuneration and social security | 45 | €2,798 | €2,798 | = | 0.0% |
| Taxes | 450/3 | €2,798 | €2,798 | = | 0.0% |
| Other amounts payable | 47/48 | €59,165 | €61,125 | +€1,960 | +3.3% |
| Remuneration, social security and pensions | 62 | €270 | - | -€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,747 | €97,769 | +€6,022 | +6.6% |
| Other operating charges | 640/8 | €1,514 | €1,219 | -€295 | -19.5% |
| Gross operating margin | 9900 | €82,926 | €129,356 | +€46,430 | +56.0% |
| Operating profit (loss) | 9901 | -€10,604 | €30,368 | +€40,972 | |
| Financial income | 75/76B | €375 | €179 | -€195 | -52.1% |
| Recurring financial income | 75 | €375 | €179 | -€195 | -52.1% |
| Financial charges | 65/66B | €6,961 | €8,916 | +€1,954 | +28.1% |
| Recurring financial charges | 65 | €6,961 | €8,916 | +€1,954 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,191 | €21,632 | +€38,823 | |
| Income taxes | 67/77 | €298 | €165 | -€133 | -44.5% |
| Profit (loss) for the period | 9904 | -€17,489 | €21,467 | +€38,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,489 | €21,467 | +€38,956 |
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 27 October 2026 via checked.be.