HYDRAUVISION: what changed
What changed
HYDRAUVISION
NACE 43.223, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€70,725
2024 · €48,698-€119,422
Equity
€1.0m
2024 · €1.1m-€70,725
Cash
€240,353
2024 · €175,496+€64,857
Balance sheet total
€1.7m
2024 · €1.9m-€192,467
Largest movements
Assets
- Stocks and contracts -€268,394
down €268,394 (-51.6%), from €520,070 to €251,675
- Cash +€64,857
up €64,857 (+37.0%), from €175,496 to €240,353
mainly Stocks and contracts (+€268,394) and Depreciation (+€74,395)
- Tangible fixed assets +€26,253
up €26,253 (+6.8%), from €383,540 to €409,793
of which Assets under construction and advance payments: +€86,356
- Deferred charges and accrued income -€25,239
down €25,239 (-9.8%), from €258,104 to €232,865
Equity and liabilities
- Trade debts -€72,872
down €72,872 (-18.1%), from €402,676 to €329,804
- Reserves -€70,725
down €70,725 (-6.7%), from €1.1m to €983,473
of which Distributable reserves: -€70,725
- Tax, wage and social debts -€43,276
down €43,276 (-27.0%), from €160,206 to €116,929
of which Remuneration and social security: -€43,654
Income statement
- Gross operating margin -€372,417
down €372,417 (-34.2%), from €1.1m to €716,358
- Staff costs -€214,130
down €214,130 (-26.6%), from €806,125 to €591,995
- Other operating charges -€95,975
down €95,975 (-55.0%), from €174,371 to €78,396
- Write-downs +€78,082
up €78,082, from -€34,177 to €43,905
- Depreciation +€31,276
up €31,276 (+72.5%), from €43,120 to €74,395
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€48,698
Gross operating margin
-€372,417
Staff costs
+€214,130
Depreciation
-€31,276
Write-downs
-€78,082
Provisions
+€10,095
Other operating charges
+€95,975
Financial income
+€2,461
Financial charges
+€10,840
Taxes
+€28,852
Result 2025
-€70,725
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€165,506
Investment
-€100,649
Financing
€0
Cash 2024
€175,496
From operations (derived)
+€165,506
Net result for the year
-€70,725
Depreciation
+€74,395
Stocks and contracts
+€268,394
Receivables within one year
-€10,056
Deferred charges and accrued income
+€25,239
Provisions
-€5,594
Trade debts
-€72,872
Tax, wage and social debts
-€43,276
Investment (derived)
-€100,649
Investment in fixed assets (net)
-€100,649
Cash 2025
€240,353
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,855,129 | €1,662,662 | -€192,467 | -10.4% |
| Fixed assets | 21/28 | €384,236 | €410,489 | +€26,253 | +6.8% |
| Tangible fixed assets | 22/27 | €383,540 | €409,793 | +€26,253 | +6.8% |
| Land and buildings | 22 | €48,900 | €48,900 | = | 0.0% |
| Plant, machinery and equipment | 23 | €152,700 | €131,032 | -€21,668 | -14.2% |
| Furniture and vehicles | 24 | €14,601 | €81,405 | +€66,804 | +458% |
| Leasing and similar rights | 25 | €97,175 | €0 | -€97,175 | -100% |
| Other tangible fixed assets | 26 | €70,164 | €62,100 | -€8,064 | -11.5% |
| Assets under construction and advance payments | 27 | €0 | €86,356 | +€86,356 | |
| Financial fixed assets | 28 | €696 | €696 | = | 0.0% |
| Current assets | 29/58 | €1,470,893 | €1,252,173 | -€218,720 | -14.9% |
| Stocks and contracts in progress | 3 | €520,070 | €251,675 | -€268,394 | -51.6% |
| Stocks | 30/36 | €520,070 | €251,675 | -€268,394 | -51.6% |
| Amounts receivable within one year | 40/41 | €517,224 | €527,280 | +€10,056 | +1.9% |
| Trade receivables | 40 | €496,439 | €519,607 | +€23,169 | +4.7% |
| Other amounts receivable | 41 | €20,785 | €7,672 | -€13,113 | -63.1% |
| Cash at bank and in hand | 54/58 | €175,496 | €240,353 | +€64,857 | +37.0% |
| Deferred charges and accrued income | 490/1 | €258,104 | €232,865 | -€25,239 | -9.8% |
| Total equity and liabilities | 10/49 | €1,855,129 | €1,662,662 | -€192,467 | -10.4% |
| Equity | 10/15 | €1,116,198 | €1,045,473 | -€70,725 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,054,198 | €983,473 | -€70,725 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,047,998 | €977,273 | -€70,725 | -6.7% |
| Provisions and deferred taxes | 16 | €26,049 | €20,455 | -€5,594 | -21.5% |
| Provisions for liabilities and charges | 160/5 | €26,049 | €20,455 | -€5,594 | -21.5% |
| Pensions and similar obligations | 160 | €26,049 | €20,455 | -€5,594 | -21.5% |
| Amounts payable | 17/49 | €712,882 | €596,734 | -€116,148 | -16.3% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €562,882 | €446,734 | -€116,148 | -20.6% |
| Trade debts | 44 | €402,676 | €329,804 | -€72,872 | -18.1% |
| Suppliers | 440/4 | €402,676 | €329,804 | -€72,872 | -18.1% |
| Taxes, remuneration and social security | 45 | €160,206 | €116,929 | -€43,276 | -27.0% |
| Taxes | 450/3 | €52,056 | €52,434 | +€378 | +0.7% |
| Remuneration and social security | 454/9 | €108,150 | €64,496 | -€43,654 | -40.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €806,125 | €591,995 | -€214,130 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,120 | €74,395 | +€31,276 | +72.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€34,177 | €43,905 | +€78,082 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,501 | -€5,594 | -€10,095 | |
| Other operating charges | 640/8 | €174,371 | €78,396 | -€95,975 | -55.0% |
| Gross operating margin | 9900 | €1,088,775 | €716,358 | -€372,417 | -34.2% |
| Operating profit (loss) | 9901 | €94,836 | -€66,739 | -€161,575 | |
| Financial income | 75/76B | €889 | €3,350 | +€2,461 | +277% |
| Recurring financial income | 75 | €889 | €3,350 | +€2,461 | +277% |
| Financial charges | 65/66B | €17,925 | €7,085 | -€10,840 | -60.5% |
| Recurring financial charges | 65 | €17,925 | €7,085 | -€10,840 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €77,800 | -€70,474 | -€148,274 | |
| Income taxes | 67/77 | €29,102 | €250 | -€28,852 | -99.1% |
| Profit (loss) for the period | 9904 | €48,698 | -€70,725 | -€119,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,698 | -€70,725 | -€119,422 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.