HYDRO-ADVIES: 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.
HYDRO-ADVIES
Largest movements
- Receivables within one year -€128,625
down €128,625 (-22.0%), from €585,022 to €456,397
of which Trade receivables: -€128,622
- Tangible fixed assets +€84,978
up €84,978 (+3.5%), from €2.4m to €2.5m
of which Land and buildings: +€75,874
- Cash -€52,649
down €52,649 (-18.1%), from €290,703 to €238,054
mainly Investment in fixed assets (net) (-€203,016) and Other debts (-€116,886)
- Other debts -€116,886
down €116,886 (-83.7%), from €139,682 to €22,796
- Gross operating margin -€101,395
down €101,395 (-44.2%), from €229,325 to €127,930
- Taxes -€28,925
down €28,925 (-100.0%), from €28,928 to €3
- Depreciation +€9,339
up €9,339 (+8.6%), from €108,699 to €118,038
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 | €3,839,432 | €3,713,809 | -€125,624 | -3.3% |
| Fixed assets | 21/28 | €2,408,778 | €2,493,756 | +€84,978 | +3.5% |
| Tangible fixed assets | 22/27 | €2,407,528 | €2,492,506 | +€84,978 | +3.5% |
| Land and buildings | 22 | €2,372,800 | €2,448,674 | +€75,874 | +3.2% |
| Plant, machinery and equipment | 23 | €4,138 | €3,144 | -€994 | -24.0% |
| Furniture and vehicles | 24 | €30,590 | €40,688 | +€10,098 | +33.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €1,430,655 | €1,220,053 | -€210,602 | -14.7% |
| Amounts receivable within one year | 40/41 | €585,022 | €456,397 | -€128,625 | -22.0% |
| Trade receivables | 40 | €585,020 | €456,397 | -€128,622 | -22.0% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Current investments | 50/53 | €548,918 | €518,918 | -€30,000 | -5.5% |
| Cash at bank and in hand | 54/58 | €290,703 | €238,054 | -€52,649 | -18.1% |
| Deferred charges and accrued income | 490/1 | €6,011 | €6,683 | +€672 | +11.2% |
| Total equity and liabilities | 10/49 | €3,839,432 | €3,713,809 | -€125,624 | -3.3% |
| Equity | 10/15 | €3,412,252 | €3,405,069 | -€7,183 | -0.2% |
| 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 | €3,350,252 | €3,350,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,344,052 | €3,344,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,183 | -€7,183 | |
| Amounts payable | 17/49 | €427,181 | €308,740 | -€118,441 | -27.7% |
| Amounts payable after more than one year | 17 | €118,424 | €118,424 | = | 0.0% |
| Financial debts | 170/4 | €118,424 | €118,424 | = | 0.0% |
| Amounts payable within one year | 42/48 | €301,652 | €183,211 | -€118,441 | -39.3% |
| Trade debts | 44 | €77,574 | €96,271 | +€18,697 | +24.1% |
| Suppliers | 440/4 | €77,574 | €96,271 | +€18,697 | +24.1% |
| Taxes, remuneration and social security | 45 | €84,396 | €64,144 | -€20,252 | -24.0% |
| Taxes | 450/3 | €84,396 | €64,144 | -€20,252 | -24.0% |
| Other amounts payable | 47/48 | €139,682 | €22,796 | -€116,886 | -83.7% |
| Accrued charges and deferred income | 492/3 | €7,105 | €7,105 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,699 | €118,038 | +€9,339 | +8.6% |
| Other operating charges | 640/8 | €9,763 | €9,341 | -€422 | -4.3% |
| Gross operating margin | 9900 | €229,325 | €127,930 | -€101,395 | -44.2% |
| Operating profit (loss) | 9901 | €110,864 | €552 | -€110,312 | -99.5% |
| Financial income | 75/76B | €13 | €53 | +€39 | +295% |
| Recurring financial income | 75 | €13 | €53 | +€39 | +295% |
| Financial charges | 65/66B | €8,054 | €7,784 | -€270 | -3.4% |
| Recurring financial charges | 65 | €8,054 | €7,784 | -€270 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €102,823 | -€7,180 | -€110,003 | |
| Income taxes | 67/77 | €28,928 | €3 | -€28,925 | -100.0% |
| Profit (loss) for the period | 9904 | €73,895 | -€7,183 | -€81,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,895 | -€7,183 | -€81,077 |
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 20 October 2026 via checked.be.