HYDREX: 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.
What changed
HYDREX
NACE 33.150, Repair, maintenance and installation of machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€720,527
2024 · €110,473-€830,999
Equity
€1.5m
2024 · €2.2m-€720,527
Cash
€549,117
2024 · €323,672+€225,445
Balance sheet total
€4.5m
2024 · €4.0m+€448,816
Largest movements
Assets
- Cash +€225,445
up €225,445 (+69.7%), from €323,672 to €549,117
mainly Trade debts (+€524,721) and Other debts (+€504,852)
- Receivables within one year +€217,203
up €217,203 (+7.9%), from €2.8m to €3.0m
of which Trade receivables: +€229,660
Equity and liabilities
- Reserves -€720,527
down €720,527 (-42.8%), from €1.7m to €964,907
of which Distributable reserves: -€720,527
- Trade debts +€524,721
up €524,721 (+47.8%), from €1.1m to €1.6m
- Other debts +€504,852
up €504,852 (+253.4%), from €199,233 to €704,085
- Advances received +€70,000
new in 2025: €70,000
- Debts after one year +€56,365
up €56,365 (+47.7%), from €118,106 to €174,471
Income statement
- Gross operating margin -€1.2m
down €1.2m (-38.7%), from €3.1m to €1.9m
- Staff costs -€337,515
down €337,515 (-12.3%), from €2.7m to €2.4m
- Taxes -€52,242
down €52,242 (-95.7%), from €54,600 to €2,358
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.
Result 2024
€110,473
Gross operating margin
-€1.2m
Staff costs
+€337,515
Depreciation
-€6,550
Other operating charges
+€1,841
Other operating items
+€2,273
Financial income
+€21,086
Financial charges
-€23,412
Taxes
+€52,242
Result 2025
-€720,527
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.
From operations
+€404,943
Investment
-€207,544
Financing
+€28,046
Cash 2024
€323,672
From operations (derived)
+€404,943
Net result for the year
-€720,527
Depreciation
+€207,945
Receivables within one year
-€217,203
Deferred charges and accrued income
-€6,570
Trade debts
+€524,721
Tax, wage and social debts
-€7,276
Advances received
+€70,000
Other debts
+€504,852
Accrued charges and deferred income
+€49,000
Investment (derived)
-€207,544
Investment in fixed assets (net)
-€207,544
Financing
+€28,046
Debts after one year
+€56,365
Current portion of long-term debt
-€28,319
Cash 2025
€549,117
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,007,411 | €4,456,227 | +€448,816 | +11.2% |
| Fixed assets | 21/28 | €917,989 | €917,588 | -€402 | 0.0% |
| Tangible fixed assets | 22/27 | €584,901 | €587,800 | +€2,898 | +0.5% |
| Land and buildings | 22 | €219,786 | €338,846 | +€119,060 | +54.2% |
| Plant, machinery and equipment | 23 | €67,538 | €42,140 | -€25,398 | -37.6% |
| Furniture and vehicles | 24 | €19,330 | €12,313 | -€7,017 | -36.3% |
| Leasing and similar rights | 25 | €259,706 | €153,090 | -€106,617 | -41.1% |
| Other tangible fixed assets | 26 | €18,540 | €41,411 | +€22,871 | +123.4% |
| Financial fixed assets | 28 | €333,088 | €329,788 | -€3,300 | -1.0% |
| Current assets | 29/58 | €3,089,421 | €3,538,639 | +€449,218 | +14.5% |
| Amounts receivable within one year | 40/41 | €2,763,245 | €2,980,448 | +€217,203 | +7.9% |
| Trade receivables | 40 | €1,781,474 | €2,011,134 | +€229,660 | +12.9% |
| Other amounts receivable | 41 | €981,771 | €969,314 | -€12,457 | -1.3% |
| Cash at bank and in hand | 54/58 | €323,672 | €549,117 | +€225,445 | +69.7% |
| Deferred charges and accrued income | 490/1 | €2,504 | €9,074 | +€6,570 | +262.3% |
| Total equity and liabilities | 10/49 | €4,007,411 | €4,456,227 | +€448,816 | +11.2% |
| Equity | 10/15 | €2,185,434 | €1,464,907 | -€720,527 | -33.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,685,434 | €964,907 | -€720,527 | -42.8% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,032 | €12,032 | = | 0.0% |
| Distributable reserves | 133 | €1,623,402 | €902,876 | -€720,527 | -44.4% |
| Amounts payable | 17/49 | €1,821,977 | €2,991,319 | +€1.2m | +64.2% |
| Amounts payable after more than one year | 17 | €118,106 | €174,471 | +€56,365 | +47.7% |
| Financial debts | 170/4 | €118,106 | €174,471 | +€56,365 | +47.7% |
| Amounts payable within one year | 42/48 | €1,703,870 | €2,767,848 | +€1.1m | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €140,371 | €112,052 | -€28,319 | -20.2% |
| Trade debts | 44 | €1,096,649 | €1,621,370 | +€524,721 | +47.8% |
| Suppliers | 440/4 | €1,096,649 | €1,621,370 | +€524,721 | +47.8% |
| Advances received on contracts in progress | 46 | - | €70,000 | +€70,000 | |
| Taxes, remuneration and social security | 45 | €267,618 | €260,342 | -€7,276 | -2.7% |
| Taxes | 450/3 | €54,426 | €74,906 | +€20,481 | +37.6% |
| Remuneration and social security | 454/9 | €213,192 | €185,435 | -€27,757 | -13.0% |
| Other amounts payable | 47/48 | €199,233 | €704,085 | +€504,852 | +253.4% |
| Accrued charges and deferred income | 492/3 | - | €49,000 | +€49,000 | |
| Non-recurring operating income | 76A | €56,233 | - | -€56,233 | |
| Remuneration, social security and pensions | 62 | €2,743,855 | €2,406,339 | -€337,515 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,395 | €207,945 | +€6,550 | +3.3% |
| Other operating charges | 640/8 | €27,467 | €25,626 | -€1,841 | -6.7% |
| Non-recurring operating charges | 66A | €2,273 | - | -€2,273 | |
| Gross operating margin | 9900 | €3,145,590 | €1,929,596 | -€1.2m | -38.7% |
| Operating profit (loss) | 9901 | €170,600 | -€710,314 | -€880,915 | |
| Financial income | 75/76B | €28,203 | €49,289 | +€21,086 | +74.8% |
| Recurring financial income | 75 | €28,203 | €49,289 | +€21,086 | +74.8% |
| Financial charges | 65/66B | €33,731 | €57,143 | +€23,412 | +69.4% |
| Recurring financial charges | 65 | €33,731 | €55,007 | +€21,276 | +63.1% |
| Non-recurring financial charges | 66B | - | €2,136 | +€2,136 | |
| Profit (loss) for the period before taxes | 9903 | €165,072 | -€718,169 | -€883,241 | |
| Income taxes | 67/77 | €54,600 | €2,358 | -€52,242 | -95.7% |
| Profit (loss) for the period | 9904 | €110,473 | -€720,527 | -€830,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,473 | -€720,527 | -€830,999 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.