HYDRA: 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.
HYDRA
Largest movements
- Receivables within one year -€18,023
down €18,023 (-14.6%), from €123,728 to €105,705
of which Trade receivables: -€20,212
- Cash -€14,008
down €14,008 (-45.3%), from €30,946 to €16,938
mainly Debts after one year (-€48,515) and Trade debts (-€19,181)
- Debts after one year -€48,515
down €48,515 (-35.3%), from €137,500 to €88,984
- Reserves +€40,623
up €40,623 (+16.4%), from €248,387 to €289,011
of which Distributable reserves: +€40,623
- Trade debts -€19,181
down €19,181 (-52.0%), from €36,853 to €17,672
- Accrued charges and deferred income +€12,179
up €12,179, from €0 to €12,179
- Other debts -€11,572
down €11,572 (-5.4%), from €213,704 to €202,132
- Write-downs -€16,363
down €16,363 (-100.0%), from €16,363 to €0
- Gross operating margin -€13,880
down €13,880 (-24.0%), from €57,779 to €43,899
- Financial income +€6,477
up €6,477 (+56.0%), from €11,571 to €18,049
- Other operating charges -€3,799
down €3,799 (-57.4%), from €6,617 to €2,818
- Taxes +€2,104
up €2,104 (+35.1%), from €5,998 to €8,101
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 | €819,036 | €790,756 | -€28,280 | -3.5% |
| Fixed assets | 21/28 | €663,555 | €666,226 | +€2,671 | +0.4% |
| Tangible fixed assets | 22/27 | €6,994 | €9,665 | +€2,671 | +38.2% |
| Plant, machinery and equipment | 23 | €1,024 | €7,085 | +€6,061 | +591.7% |
| Furniture and vehicles | 24 | €5,969 | €2,579 | -€3,390 | -56.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €656,562 | €656,562 | = | 0.0% |
| Current assets | 29/58 | €155,481 | €124,530 | -€30,951 | -19.9% |
| Amounts receivable within one year | 40/41 | €123,728 | €105,705 | -€18,023 | -14.6% |
| Trade receivables | 40 | €112,473 | €92,261 | -€20,212 | -18.0% |
| Other amounts receivable | 41 | €11,255 | €13,443 | +€2,189 | +19.4% |
| Cash at bank and in hand | 54/58 | €30,946 | €16,938 | -€14,008 | -45.3% |
| Deferred charges and accrued income | 490/1 | €807 | €1,887 | +€1,080 | +133.9% |
| Total equity and liabilities | 10/49 | €819,036 | €790,756 | -€28,280 | -3.5% |
| Equity | 10/15 | €368,387 | €409,011 | +€40,623 | +11.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €248,387 | €289,011 | +€40,623 | +16.4% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €236,387 | €277,011 | +€40,623 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €450,649 | €381,745 | -€68,903 | -15.3% |
| Amounts payable after more than one year | 17 | €137,500 | €88,984 | -€48,515 | -35.3% |
| Financial debts | 170/4 | €137,500 | €88,984 | -€48,515 | -35.3% |
| Amounts payable within one year | 42/48 | €313,149 | €280,582 | -€32,567 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €53,508 | €48,515 | -€4,993 | -9.3% |
| Financial debts | 43 | - | €11,500 | +€11,500 | |
| Credit institutions | 430/8 | - | €11,500 | +€11,500 | |
| Trade debts | 44 | €36,853 | €17,672 | -€19,181 | -52.0% |
| Suppliers | 440/4 | €36,853 | €17,672 | -€19,181 | -52.0% |
| Taxes, remuneration and social security | 45 | €9,084 | €763 | -€8,321 | -91.6% |
| Taxes | 450/3 | €9,084 | €763 | -€8,321 | -91.6% |
| Other amounts payable | 47/48 | €213,704 | €202,132 | -€11,572 | -5.4% |
| Accrued charges and deferred income | 492/3 | €0 | €12,179 | +€12,179 | |
| Remuneration, social security and pensions | 62 | €40 | €0 | -€40 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,969 | €6,020 | -€949 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,363 | €0 | -€16,363 | -100.0% |
| Other operating charges | 640/8 | €6,617 | €2,818 | -€3,799 | -57.4% |
| Gross operating margin | 9900 | €57,779 | €43,899 | -€13,880 | -24.0% |
| Operating profit (loss) | 9901 | €27,790 | €35,061 | +€7,271 | +26.2% |
| Financial income | 75/76B | €11,571 | €18,049 | +€6,477 | +56.0% |
| Recurring financial income | 75 | €11,571 | €18,049 | +€6,477 | +56.0% |
| Financial charges | 65/66B | €5,192 | €4,385 | -€807 | -15.5% |
| Recurring financial charges | 65 | €5,192 | €4,385 | -€807 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €34,169 | €48,725 | +€14,555 | +42.6% |
| Income taxes | 67/77 | €5,998 | €8,101 | +€2,104 | +35.1% |
| Profit (loss) for the period | 9904 | €28,172 | €40,623 | +€12,452 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,172 | €40,623 | +€12,452 | +44.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.