HOUXHYDRO: 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.
HOUXHYDRO
Largest movements
- Tangible fixed assets -€309,565
down €309,565 (-6.6%), from €4.7m to €4.4m
- Receivables within one year +€239,962
up €239,962 (+67.8%), from €353,734 to €593,696
of which Trade receivables: +€203,888
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash -€167,119
no longer reported in 2025 (was €167,119)
mainly Debts after one year (-€1.7m) and Current portion of long-term debt (-€333,335)
- Debts after one year -€1.7m
no longer reported in 2025 (was €1.7m)
- Other debts +€1.3m
new in 2025: €1.3m
- Current portion of long-term debt -€333,335
no longer reported in 2025 (was €333,335)
- Profit (loss) carried forward +€272,389
up €272,389 (+12.2%), from €2.2m to €2.5m
- Trade debts +€79,609
up €79,609 (+47.9%), from €166,084 to €245,693
- Gross operating margin +€335,366
up €335,366 (+125%), from €268,194 to €603,559
- Taxes +€43,394
new in 2025: €43,394
- Financial income -€19,648
down €19,648 (-23.5%), from €83,682 to €64,034
- Financial charges -€18,695
down €18,695 (-34.2%), from €54,742 to €36,047
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 | €5,418,965 | €4,980,137 | -€438,827 | -8.1% |
| Fixed assets | 21/28 | €4,679,208 | €4,369,644 | -€309,565 | -6.6% |
| Tangible fixed assets | 22/27 | €4,679,208 | €4,369,644 | -€309,565 | -6.6% |
| Plant, machinery and equipment | 23 | €4,679,208 | €4,369,644 | -€309,565 | -6.6% |
| Current assets | 29/58 | €739,756 | €610,493 | -€129,263 | -17.5% |
| Amounts receivable within one year | 40/41 | €353,734 | €593,696 | +€239,962 | +67.8% |
| Trade receivables | 40 | €196,519 | €400,407 | +€203,888 | +104% |
| Other amounts receivable | 41 | €157,215 | €193,289 | +€36,074 | +22.9% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €167,119 | - | -€167,119 | |
| Deferred charges and accrued income | 490/1 | €18,903 | €16,797 | -€2,106 | -11.1% |
| Total equity and liabilities | 10/49 | €5,418,965 | €4,980,137 | -€438,827 | -8.1% |
| Equity | 10/15 | €3,235,737 | €3,446,296 | +€210,559 | +6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,232,946 | €2,505,335 | +€272,389 | +12.2% |
| Investment grants | 15 | €934,591 | €872,761 | -€61,830 | -6.6% |
| Amounts payable | 17/49 | €2,183,228 | €1,533,842 | -€649,386 | -29.7% |
| Amounts payable after more than one year | 17 | €1,666,650 | - | -€1.7m | |
| Other amounts payable | 178/9 | €1,666,650 | - | -€1.7m | |
| Amounts payable within one year | 42/48 | €516,578 | €1,533,842 | +€1.0m | +197% |
| Current portion of amounts payable after more than one year | 42 | €333,335 | - | -€333,335 | |
| Trade debts | 44 | €166,084 | €245,693 | +€79,609 | +47.9% |
| Suppliers | 440/4 | €166,084 | €245,693 | +€79,609 | +47.9% |
| Taxes, remuneration and social security | 45 | €17,158 | €14,643 | -€2,516 | -14.7% |
| Taxes | 450/3 | €17,158 | €14,643 | -€2,516 | -14.7% |
| Other amounts payable | 47/48 | - | €1,273,506 | +€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,567 | €309,565 | -€2 | 0.0% |
| Other operating charges | 640/8 | €6,113 | €6,198 | +€86 | +1.4% |
| Gross operating margin | 9900 | €268,194 | €603,559 | +€335,366 | +125% |
| Operating profit (loss) | 9901 | -€47,486 | €287,796 | +€335,282 | |
| Financial income | 75/76B | €83,682 | €64,034 | -€19,648 | -23.5% |
| Recurring financial income | 75 | €83,682 | €64,034 | -€19,648 | -23.5% |
| Financial charges | 65/66B | €54,742 | €36,047 | -€18,695 | -34.2% |
| Recurring financial charges | 65 | €54,742 | €36,047 | -€18,695 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,545 | €315,783 | +€334,329 | |
| Income taxes | 67/77 | - | €43,394 | +€43,394 | |
| Profit (loss) for the period | 9904 | -€18,545 | €272,389 | +€290,934 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,545 | €272,389 | +€290,934 |
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 17 October 2026 via checked.be.