HYDES: 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.
HYDES
Largest movements
- Cash +€18,708
up €18,708 (+19.5%), from €95,813 to €114,522
mainly Depreciation (+€17,587) and Net result for the year (+€13,997)
- Tangible fixed assets -€17,032
down €17,032 (-27.3%), from €62,317 to €45,285
of which Furniture and vehicles: -€13,460
- Receivables within one year -€2,925
down €2,925 (-47.9%), from €6,101 to €3,177
of which Trade receivables: -€6,101
- Other debts -€17,979
down €17,979 (-14.1%), from €127,099 to €109,119
- Reserves +€13,997
up €13,997 (+104%), from €13,520 to €27,517
- Tax, wage and social debts +€3,614
up €3,614 (+103%), from €3,502 to €7,116
- Gross operating margin +€3,479
up €3,479 (+9.6%), from €36,280 to €39,759
- Taxes +€436
up €436 (+6.5%), from €6,697 to €7,133
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 | €165,275 | €164,092 | -€1,184 | -0.7% |
| Fixed assets | 21/28 | €62,317 | €45,285 | -€17,032 | -27.3% |
| Tangible fixed assets | 22/27 | €62,317 | €45,285 | -€17,032 | -27.3% |
| Furniture and vehicles | 24 | €28,710 | €15,250 | -€13,460 | -46.9% |
| Other tangible fixed assets | 26 | €33,607 | €30,035 | -€3,572 | -10.6% |
| Current assets | 29/58 | €102,958 | €118,807 | +€15,848 | +15.4% |
| Amounts receivable within one year | 40/41 | €6,101 | €3,177 | -€2,925 | -47.9% |
| Trade receivables | 40 | €6,101 | - | -€6,101 | |
| Other amounts receivable | 41 | - | €3,177 | +€3,177 | |
| Cash at bank and in hand | 54/58 | €95,813 | €114,522 | +€18,708 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,108 | +€65 | +6.2% |
| Total equity and liabilities | 10/49 | €165,275 | €164,092 | -€1,184 | -0.7% |
| Equity | 10/15 | €32,120 | €46,117 | +€13,997 | +43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,520 | €27,517 | +€13,997 | +104% |
| Distributable reserves | 133 | €13,520 | €27,517 | +€13,997 | +104% |
| Amounts payable | 17/49 | €133,155 | €117,975 | -€15,181 | -11.4% |
| Amounts payable within one year | 42/48 | €133,155 | €117,975 | -€15,181 | -11.4% |
| Trade debts | 44 | €2,555 | €1,739 | -€816 | -31.9% |
| Suppliers | 440/4 | €2,555 | €1,739 | -€816 | -31.9% |
| Taxes, remuneration and social security | 45 | €3,502 | €7,116 | +€3,614 | +103% |
| Taxes | 450/3 | €3,502 | €7,116 | +€3,614 | +103% |
| Other amounts payable | 47/48 | €127,099 | €109,119 | -€17,979 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,384 | €17,587 | +€202 | +1.2% |
| Other operating charges | 640/8 | €887 | €873 | -€14 | -1.6% |
| Gross operating margin | 9900 | €36,280 | €39,759 | +€3,479 | +9.6% |
| Operating profit (loss) | 9901 | €18,009 | €21,300 | +€3,291 | +18.3% |
| Financial charges | 65/66B | €120 | €170 | +€50 | +41.7% |
| Recurring financial charges | 65 | €120 | €170 | +€50 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €17,889 | €21,130 | +€3,241 | +18.1% |
| Income taxes | 67/77 | €6,697 | €7,133 | +€436 | +6.5% |
| Profit (loss) for the period | 9904 | €11,192 | €13,997 | +€2,805 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,192 | €13,997 | +€2,805 | +25.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.