Hydraqua: 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.
Hydraqua
Largest movements
- Cash +€74,344
up €74,344 (+58.7%), from €126,714 to €201,058
mainly Net result for the year (+€77,239) and Other debts (+€40,000)
- Receivables within one year -€31,727
down €31,727 (-34.0%), from €93,404 to €61,677
of which Trade receivables: -€29,013
- Intangible fixed assets -€21,100
down €21,100 (-12.5%), from €169,400 to €148,300
- Tangible fixed assets -€6,000
down €6,000 (-10.0%), from €60,000 to €54,000
- Trade debts -€73,509
down €73,509 (-59.1%), from €124,426 to €50,917
- Other debts +€40,000
up €40,000 (+160%), from €25,000 to €65,000
- Profit (loss) carried forward +€37,239
up €37,239 (+126%), from €29,662 to €66,900
- Tax, wage and social debts +€21,330
up €21,330, from €0 to €21,330
- Investment grants -€12,150
down €12,150 (-12.5%), from €97,201 to €85,051
- Gross operating margin +€77,068
up €77,068 (+289%), from €26,692 to €103,760
- Depreciation +€6,000
up €6,000 (+28.4%), from €21,100 to €27,100
- Taxes +€5,573
up €5,573, from €0 to €5,573
- Financial charges +€3,004
up €3,004 (+134%), from €2,243 to €5,247
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 | €450,967 | €465,649 | +€14,682 | +3.3% |
| Fixed assets | 21/28 | €229,400 | €202,300 | -€27,100 | -11.8% |
| Intangible fixed assets | 21 | €169,400 | €148,300 | -€21,100 | -12.5% |
| Tangible fixed assets | 22/27 | €60,000 | €54,000 | -€6,000 | -10.0% |
| Plant, machinery and equipment | 23 | €60,000 | €54,000 | -€6,000 | -10.0% |
| Current assets | 29/58 | €221,567 | €263,349 | +€41,782 | +18.9% |
| Amounts receivable within one year | 40/41 | €93,404 | €61,677 | -€31,727 | -34.0% |
| Trade receivables | 40 | €90,690 | €61,677 | -€29,013 | -32.0% |
| Other amounts receivable | 41 | €2,715 | €0 | -€2,715 | -100% |
| Cash at bank and in hand | 54/58 | €126,714 | €201,058 | +€74,344 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,448 | €613 | -€835 | -57.6% |
| Total equity and liabilities | 10/49 | €450,967 | €465,649 | +€14,682 | +3.3% |
| Equity | 10/15 | €154,362 | €179,451 | +€25,089 | +16.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,662 | €66,900 | +€37,239 | +126% |
| Investment grants | 15 | €97,201 | €85,051 | -€12,150 | -12.5% |
| Amounts payable | 17/49 | €296,605 | €286,198 | -€10,407 | -3.5% |
| Amounts payable after more than one year | 17 | €145,000 | €145,000 | = | 0.0% |
| Financial debts | 170/4 | €145,000 | €145,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,426 | €137,247 | -€12,179 | -8.2% |
| Trade debts | 44 | €124,426 | €50,917 | -€73,509 | -59.1% |
| Suppliers | 440/4 | €124,426 | €50,917 | -€73,509 | -59.1% |
| Taxes, remuneration and social security | 45 | €0 | €21,330 | +€21,330 | |
| Taxes | 450/3 | €0 | €21,330 | +€21,330 | |
| Other amounts payable | 47/48 | €25,000 | €65,000 | +€40,000 | +160% |
| Accrued charges and deferred income | 492/3 | €2,179 | €3,951 | +€1,772 | +81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,100 | €27,100 | +€6,000 | +28.4% |
| Other operating charges | 640/8 | €513 | €751 | +€238 | +46.3% |
| Gross operating margin | 9900 | €26,692 | €103,760 | +€77,068 | +289% |
| Operating profit (loss) | 9901 | €5,079 | €75,909 | +€70,830 | +1,395% |
| Financial income | 75/76B | €12,150 | €12,150 | = | 0.0% |
| Recurring financial income | 75 | €12,150 | €12,150 | = | 0.0% |
| Financial charges | 65/66B | €2,243 | €5,247 | +€3,004 | +134% |
| Recurring financial charges | 65 | €2,243 | €5,247 | +€3,004 | +134% |
| Profit (loss) for the period before taxes | 9903 | €14,985 | €82,811 | +€67,826 | +453% |
| Income taxes | 67/77 | €0 | €5,573 | +€5,573 | |
| Profit (loss) for the period | 9904 | €14,985 | €77,239 | +€62,253 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €14,985 | €77,239 | +€62,253 | +415% |
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 19 October 2026 via checked.be.