HYDEO: what changed
Two fiscal 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.
HYDEO
Largest movements
- Stocks and contracts +€38,007
up €38,007 (+6.7%), from €568,309 to €606,316
- Short-term financial debts +€47,587
up €47,587 (+12.7%), from €375,519 to €423,106
- Trade debts -€8,307
down €8,307 (-96.2%), from €8,639 to €332
- Accrued charges and deferred income +€7,000
up €7,000 (+66.7%), from €10,500 to €17,500
- Profit (loss) carried forward -€6,681
down €6,681 (-4.9%), from -€137,195 to -€143,876
- Gross operating margin +€6,846
up €6,846 (+57.1%), from -€11,992 to -€5,146
- Financial income -€908
no longer reported in 2025 (was €908)
- Financial charges -€383
down €383 (-34.2%), from €1,120 to €737
- Other operating charges +€201
up €201 (+45.1%), from €446 to €647
- Depreciation +€151
new in 2025: €151
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 | €570,719 | €609,474 | +€38,755 | +6.8% |
| Fixed assets | 21/28 | €0 | €2,491 | +€2,491 | |
| Tangible fixed assets | 22/27 | €0 | €2,491 | +€2,491 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €2,491 | +€2,491 | |
| Current assets | 29/58 | €570,719 | €606,983 | +€36,264 | +6.4% |
| Stocks and contracts in progress | 3 | €568,309 | €606,316 | +€38,007 | +6.7% |
| Stocks | 30/36 | €568,309 | €606,316 | +€38,007 | +6.7% |
| Amounts receivable within one year | 40/41 | €1,800 | €174 | -€1,626 | -90.3% |
| Other amounts receivable | 41 | €1,800 | €174 | -€1,626 | -90.3% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €610 | €493 | -€117 | -19.2% |
| Total equity and liabilities | 10/49 | €570,719 | €609,474 | +€38,755 | +6.8% |
| Equity | 10/15 | -€116,744 | -€123,425 | -€6,681 | -5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,195 | -€143,876 | -€6,681 | -4.9% |
| Amounts payable | 17/49 | €687,463 | €732,899 | +€45,436 | +6.6% |
| Amounts payable within one year | 42/48 | €676,963 | €715,399 | +€38,436 | +5.7% |
| Financial debts | 43 | €375,519 | €423,106 | +€47,587 | +12.7% |
| Credit institutions | 430/8 | €375,519 | €423,106 | +€47,587 | +12.7% |
| Trade debts | 44 | €8,639 | €332 | -€8,307 | -96.2% |
| Suppliers | 440/4 | €8,639 | €332 | -€8,307 | -96.2% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €292,805 | €291,961 | -€844 | -0.3% |
| Accrued charges and deferred income | 492/3 | €10,500 | €17,500 | +€7,000 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €151 | +€151 | |
| Other operating charges | 640/8 | €446 | €647 | +€201 | +45.1% |
| Gross operating margin | 9900 | -€11,992 | -€5,146 | +€6,846 | +57.1% |
| Operating profit (loss) | 9901 | -€12,438 | -€5,944 | +€6,494 | +52.2% |
| Financial income | 75/76B | €908 | - | -€908 | |
| Recurring financial income | 75 | €908 | - | -€908 | |
| Financial charges | 65/66B | €1,120 | €737 | -€383 | -34.2% |
| Recurring financial charges | 65 | €1,120 | €737 | -€383 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,650 | -€6,681 | +€5,969 | +47.2% |
| Profit (loss) for the period | 9904 | -€12,650 | -€6,681 | +€5,969 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,650 | -€6,681 | +€5,969 | +47.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.