HYBRIDTECH: 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.
HYBRIDTECH
Largest movements
- Receivables within one year +€79,250
up €79,250 (+123.3%), from €64,253 to €143,503
of which Other amounts receivable: +€80,362
- Tangible fixed assets -€37,640
down €37,640 (-36.5%), from €103,090 to €65,450
of which Furniture and vehicles: -€49,385
- Reserves +€78,483
up €78,483 (+113.4%), from €69,193 to €147,676
- Debts after one year -€32,758
down €32,758 (-26.9%), from €121,568 to €88,810
- Trade debts -€23,126
down €23,126 (-34.2%), from €67,600 to €44,474
- Tax, wage and social debts +€11,197
up €11,197 (+33.3%), from €33,652 to €44,849
- Other debts +€6,334
up €6,334 (+120.4%), from €5,261 to €11,595
- Gross operating margin +€168,351
up €168,351 (+934.6%), from €18,013 to €186,364
- Financial income -€32,618
down €32,618 (-91.3%), from €35,740 to €3,122
- Taxes +€21,982
up €21,982 (+577.6%), from €3,806 to €25,788
- Depreciation +€13,907
up €13,907 (+67.6%), from €20,562 to €34,469
- Other operating charges +€4,979
up €4,979 (+801.1%), from €621 to €5,600
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 | €351,890 | €392,869 | +€40,979 | +11.6% |
| Fixed assets | 21/28 | €286,759 | €249,119 | -€37,640 | -13.1% |
| Tangible fixed assets | 22/27 | €103,090 | €65,450 | -€37,640 | -36.5% |
| Plant, machinery and equipment | 23 | €3,420 | €2,920 | -€500 | -14.6% |
| Furniture and vehicles | 24 | €89,328 | €39,943 | -€49,385 | -55.3% |
| Other tangible fixed assets | 26 | €10,342 | €22,586 | +€12,245 | +118.4% |
| Financial fixed assets | 28 | €183,669 | €183,669 | = | 0.0% |
| Current assets | 29/58 | €65,131 | €143,750 | +€78,619 | +120.7% |
| Amounts receivable within one year | 40/41 | €64,253 | €143,503 | +€79,250 | +123.3% |
| Trade receivables | 40 | €7,124 | €6,012 | -€1,112 | -15.6% |
| Other amounts receivable | 41 | €57,129 | €137,491 | +€80,362 | +140.7% |
| Cash at bank and in hand | 54/58 | €36 | €47 | +€11 | +29.2% |
| Deferred charges and accrued income | 490/1 | €842 | €200 | -€642 | -76.3% |
| Total equity and liabilities | 10/49 | €351,890 | €392,869 | +€40,979 | +11.6% |
| Equity | 10/15 | €94,193 | €172,676 | +€78,483 | +83.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €69,193 | €147,676 | +€78,483 | +113.4% |
| Distributable reserves | 133 | €69,193 | €147,676 | +€78,483 | +113.4% |
| Amounts payable | 17/49 | €257,697 | €220,192 | -€37,504 | -14.6% |
| Amounts payable after more than one year | 17 | €121,568 | €88,810 | -€32,758 | -26.9% |
| Financial debts | 170/4 | €121,568 | €88,810 | -€32,758 | -26.9% |
| Amounts payable within one year | 42/48 | €136,129 | €131,382 | -€4,747 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €29,616 | €30,464 | +€848 | +2.9% |
| Trade debts | 44 | €67,600 | €44,474 | -€23,126 | -34.2% |
| Suppliers | 440/4 | €67,600 | €44,474 | -€23,126 | -34.2% |
| Taxes, remuneration and social security | 45 | €33,652 | €44,849 | +€11,197 | +33.3% |
| Taxes | 450/3 | €33,652 | €44,849 | +€11,197 | +33.3% |
| Other amounts payable | 47/48 | €5,261 | €11,595 | +€6,334 | +120.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,562 | €34,469 | +€13,907 | +67.6% |
| Other operating charges | 640/8 | €621 | €5,600 | +€4,979 | +801.1% |
| Non-recurring operating charges | 66A | - | €27,535 | +€27,535 | |
| Gross operating margin | 9900 | €18,013 | €186,364 | +€168,351 | +934.6% |
| Operating profit (loss) | 9901 | -€3,170 | €118,760 | +€121,930 | |
| Financial income | 75/76B | €35,740 | €3,122 | -€32,618 | -91.3% |
| Recurring financial income | 75 | €35,740 | €3,122 | -€32,618 | -91.3% |
| Financial charges | 65/66B | €18,117 | €17,612 | -€505 | -2.8% |
| Recurring financial charges | 65 | €18,117 | €17,612 | -€505 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €14,453 | €104,271 | +€89,817 | +621.4% |
| Income taxes | 67/77 | €3,806 | €25,788 | +€21,982 | +577.6% |
| Profit (loss) for the period | 9904 | €10,647 | €78,483 | +€67,836 | +637.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,647 | €78,483 | +€67,836 | +637.1% |
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 9 October 2026 via checked.be.