HYDRO CASTELEIN: 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 CASTELEIN
Largest movements
- Receivables within one year -€30,037
down €30,037 (-16.2%), from €185,371 to €155,335
of which Other amounts receivable: -€21,642
- Tangible fixed assets -€8,746
down €8,746 (-32.6%), from €26,839 to €18,093
of which Leasing and similar rights: -€7,011
- Current portion of long-term debt -€34,197
down €34,197 (-82.2%), from €41,588 to €7,391
- Reserves +€8,642
up €8,642 (+15.2%), from €57,042 to €65,684
- Debts after one year -€7,391
down €7,391 (-44.3%), from €16,684 to €9,293
- Short-term financial debts -€5,899
down €5,899 (-50.1%), from €11,772 to €5,873
- Tax, wage and social debts +€5,147
up €5,147 (+54.8%), from €9,392 to €14,538
- Gross operating margin -€15,607
down €15,607 (-33.3%), from €46,860 to €31,253
- Taxes -€4,012
down €4,012 (-45.0%), from €8,912 to €4,901
- Financial charges -€585
down €585 (-7.8%), from €7,473 to €6,888
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 | €237,595 | €197,048 | -€40,547 | -17.1% |
| Fixed assets | 21/28 | €26,839 | €18,093 | -€8,746 | -32.6% |
| Tangible fixed assets | 22/27 | €26,839 | €18,093 | -€8,746 | -32.6% |
| Furniture and vehicles | 24 | €1,109 | €475 | -€635 | -57.2% |
| Leasing and similar rights | 25 | €21,782 | €14,771 | -€7,011 | -32.2% |
| Other tangible fixed assets | 26 | €3,948 | €2,848 | -€1,100 | -27.9% |
| Current assets | 29/58 | €210,755 | €178,954 | -€31,801 | -15.1% |
| Amounts receivable within one year | 40/41 | €185,371 | €155,335 | -€30,037 | -16.2% |
| Trade receivables | 40 | €158,795 | €150,401 | -€8,395 | -5.3% |
| Other amounts receivable | 41 | €26,576 | €4,934 | -€21,642 | -81.4% |
| Cash at bank and in hand | 54/58 | €25,123 | €23,338 | -€1,785 | -7.1% |
| Deferred charges and accrued income | 490/1 | €261 | €282 | +€21 | +8.0% |
| Total equity and liabilities | 10/49 | €237,595 | €197,048 | -€40,547 | -17.1% |
| Equity | 10/15 | €119,015 | €127,657 | +€8,642 | +7.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €57,042 | €65,684 | +€8,642 | +15.2% |
| Distributable reserves | 133 | €57,042 | €65,684 | +€8,642 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €118,579 | €69,390 | -€49,189 | -41.5% |
| Amounts payable after more than one year | 17 | €16,684 | €9,293 | -€7,391 | -44.3% |
| Financial debts | 170/4 | €16,684 | €9,293 | -€7,391 | -44.3% |
| Amounts payable within one year | 42/48 | €96,295 | €57,709 | -€38,586 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €41,588 | €7,391 | -€34,197 | -82.2% |
| Financial debts | 43 | €11,772 | €5,873 | -€5,899 | -50.1% |
| Credit institutions | 430/8 | €11,772 | €5,873 | -€5,899 | -50.1% |
| Trade debts | 44 | €6,237 | €1,094 | -€5,143 | -82.5% |
| Suppliers | 440/4 | €6,237 | €1,094 | -€5,143 | -82.5% |
| Taxes, remuneration and social security | 45 | €9,392 | €14,538 | +€5,147 | +54.8% |
| Taxes | 450/3 | €9,392 | €14,538 | +€5,147 | +54.8% |
| Other amounts payable | 47/48 | €27,306 | €28,813 | +€1,507 | +5.5% |
| Accrued charges and deferred income | 492/3 | €5,600 | €2,388 | -€3,212 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,746 | €8,746 | = | 0.0% |
| Other operating charges | 640/8 | €1,013 | €1,244 | +€231 | +22.8% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100% |
| Gross operating margin | 9900 | €46,860 | €31,253 | -€15,607 | -33.3% |
| Operating profit (loss) | 9901 | €36,601 | €21,263 | -€15,338 | -41.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,150% |
| Financial charges | 65/66B | €7,473 | €6,888 | -€585 | -7.8% |
| Recurring financial charges | 65 | €7,473 | €6,888 | -€585 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €29,128 | €14,375 | -€14,752 | -50.6% |
| Income taxes | 67/77 | €8,912 | €4,901 | -€4,012 | -45.0% |
| Profit (loss) for the period | 9904 | €20,216 | €9,475 | -€10,741 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,216 | €9,475 | -€10,741 | -53.1% |
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 31 October 2026 via checked.be.