HYDRAULIC DREDGING SYSTEMS: 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.
HYDRAULIC DREDGING SYSTEMS
Largest movements
- Cash -€64,092
down €64,092 (-32.8%), from €195,674 to €131,582
mainly Net result for the year (-€64,982) and Tax, wage and social debts (-€6,332)
- Profit (loss) carried forward -€64,982
down €64,982 (-22.2%), from €292,117 to €227,135
- Tax, wage and social debts -€6,332
down €6,332 (-80.8%), from €7,841 to €1,509
- Gross operating margin +€2,065
up €2,065 (+3.6%), from -€58,161 to -€56,096
- Taxes +€2,060
up €2,060 (+467.1%), from €441 to €2,501
- Financial income +€1,070
up €1,070 (+189.0%), from €566 to €1,636
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 | €531,420 | €462,417 | -€69,003 | -13.0% |
| Fixed assets | 21/28 | €272,963 | €267,674 | -€5,289 | -1.9% |
| Tangible fixed assets | 22/27 | €272,963 | €267,674 | -€5,289 | -1.9% |
| Land and buildings | 22 | €255,873 | €252,183 | -€3,690 | -1.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €17,090 | €15,491 | -€1,599 | -9.4% |
| Current assets | 29/58 | €258,457 | €194,743 | -€63,714 | -24.7% |
| Stocks and contracts in progress | 3 | €61,650 | €61,650 | = | 0.0% |
| Stocks | 30/36 | €61,650 | €61,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,133 | €1,511 | +€378 | +33.4% |
| Other amounts receivable | 41 | €1,133 | €1,511 | +€378 | +33.4% |
| Cash at bank and in hand | 54/58 | €195,674 | €131,582 | -€64,092 | -32.8% |
| Total equity and liabilities | 10/49 | €531,420 | €462,417 | -€69,003 | -13.0% |
| Equity | 10/15 | €514,122 | €449,140 | -€64,982 | -12.6% |
| Reserves | 13 | €222,005 | €222,005 | = | 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% |
| Tax-exempt reserves | 132 | €29,237 | €29,237 | = | 0.0% |
| Distributable reserves | 133 | €190,909 | €190,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,117 | €227,135 | -€64,982 | -22.2% |
| Amounts payable | 17/49 | €17,298 | €13,277 | -€4,021 | -23.2% |
| Amounts payable within one year | 42/48 | €17,298 | €13,277 | -€4,021 | -23.2% |
| Trade debts | 44 | €2,830 | €4,027 | +€1,197 | +42.3% |
| Suppliers | 440/4 | €2,830 | €4,027 | +€1,197 | +42.3% |
| Taxes, remuneration and social security | 45 | €7,841 | €1,509 | -€6,332 | -80.8% |
| Taxes | 450/3 | €7,841 | €1,509 | -€6,332 | -80.8% |
| Other amounts payable | 47/48 | €6,627 | €7,741 | +€1,114 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,665 | €5,289 | -€376 | -6.6% |
| Other operating charges | 640/8 | €2,947 | €2,519 | -€428 | -14.5% |
| Gross operating margin | 9900 | -€58,161 | -€56,096 | +€2,065 | +3.6% |
| Operating profit (loss) | 9901 | -€66,773 | -€63,904 | +€2,869 | +4.3% |
| Financial income | 75/76B | €566 | €1,636 | +€1,070 | +189.0% |
| Recurring financial income | 75 | €566 | €1,636 | +€1,070 | +189.0% |
| Financial charges | 65/66B | €305 | €213 | -€92 | -30.2% |
| Recurring financial charges | 65 | €305 | €213 | -€92 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€66,512 | -€62,481 | +€4,031 | +6.1% |
| Income taxes | 67/77 | €441 | €2,501 | +€2,060 | +467.1% |
| Profit (loss) for the period | 9904 | -€66,953 | -€64,982 | +€1,971 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,953 | -€64,982 | +€1,971 | +2.9% |
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 11 October 2026 via checked.be.