HYDRO-CENTRE: 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.
HYDRO-CENTRE
Largest movements
- Cash +€45,908
up €45,908 (+40.2%), from €114,262 to €160,170
mainly Other debts (+€58,314) and Net result for the year (+€34,051)
- Receivables within one year +€37,864
up €37,864 (+27.1%), from €139,954 to €177,818
of which Other amounts receivable: +€29,786
- Stocks and contracts -€20,150
down €20,150 (-11.7%), from €172,200 to €152,050
- Tangible fixed assets -€6,980
down €6,980 (-26.7%), from €26,177 to €19,198
of which Plant, machinery and equipment: -€4,552
- Other debts +€58,314
up €58,314 (+122.0%), from €47,808 to €106,122
- Profit (loss) carried forward -€10,949
down €10,949 (-3.0%), from €364,694 to €353,744
- Trade debts +€7,094
up €7,094 (+129.4%), from €5,481 to €12,575
- Tax, wage and social debts +€6,419
up €6,419 (+89.3%), from €7,189 to €13,608
of which Taxes: +€6,407
- Turnover -€42,663
down €42,663 (-11.6%), from €366,557 to €323,895
- Staff costs -€28,464
down €28,464 (-89.8%), from €31,701 to €3,236
- Purchases and services -€26,166
down €26,166 (-9.0%), from €289,619 to €263,453
- Gross operating margin -€16,497
down €16,497 (-21.4%), from €76,938 to €60,442
- Taxes +€6,694
up €6,694 (+119.8%), from €5,590 to €12,284
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,133 | €514,010 | +€60,877 | +13.4% |
| Fixed assets | 21/28 | €26,627 | €19,648 | -€6,980 | -26.2% |
| Tangible fixed assets | 22/27 | €26,177 | €19,198 | -€6,980 | -26.7% |
| Land and buildings | 22 | €4,351 | €4,351 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,070 | €11,518 | -€4,552 | -28.3% |
| Furniture and vehicles | 24 | €5,757 | €3,329 | -€2,427 | -42.2% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €426,505 | €494,362 | +€67,857 | +15.9% |
| Stocks and contracts in progress | 3 | €172,200 | €152,050 | -€20,150 | -11.7% |
| Stocks | 30/36 | €172,200 | €152,050 | -€20,150 | -11.7% |
| Amounts receivable within one year | 40/41 | €139,954 | €177,818 | +€37,864 | +27.1% |
| Trade receivables | 40 | €132,808 | €140,886 | +€8,078 | +6.1% |
| Other amounts receivable | 41 | €7,146 | €36,932 | +€29,786 | +416.8% |
| Cash at bank and in hand | 54/58 | €114,262 | €160,170 | +€45,908 | +40.2% |
| Deferred charges and accrued income | 490/1 | €89 | €4,323 | +€4,235 | +4773.0% |
| Total equity and liabilities | 10/49 | €453,133 | €514,010 | +€60,877 | +13.4% |
| Equity | 10/15 | €392,654 | €381,704 | -€10,949 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,360 | €9,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364,694 | €353,744 | -€10,949 | -3.0% |
| Amounts payable | 17/49 | €60,479 | €132,305 | +€71,826 | +118.8% |
| Amounts payable within one year | 42/48 | €60,479 | €132,305 | +€71,826 | +118.8% |
| Trade debts | 44 | €5,481 | €12,575 | +€7,094 | +129.4% |
| Suppliers | 440/4 | €5,481 | €12,575 | +€7,094 | +129.4% |
| Taxes, remuneration and social security | 45 | €7,189 | €13,608 | +€6,419 | +89.3% |
| Taxes | 450/3 | €4,014 | €10,421 | +€6,407 | +159.6% |
| Remuneration and social security | 454/9 | €3,175 | €3,186 | +€11 | +0.4% |
| Other amounts payable | 47/48 | €47,808 | €106,122 | +€58,314 | +122.0% |
| Turnover | 70 | €366,557 | €323,895 | -€42,663 | -11.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €289,619 | €263,453 | -€26,166 | -9.0% |
| Remuneration, social security and pensions | 62 | €31,701 | €3,236 | -€28,464 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,786 | €6,980 | -€4,806 | -40.8% |
| Other operating charges | 640/8 | €4,173 | €3,972 | -€201 | -4.8% |
| Gross operating margin | 9900 | €76,938 | €60,442 | -€16,497 | -21.4% |
| Operating profit (loss) | 9901 | €29,279 | €46,254 | +€16,975 | +58.0% |
| Financial income | 75/76B | €267 | €1,640 | +€1,373 | +514.8% |
| Recurring financial income | 75 | €267 | €1,640 | +€1,373 | +514.8% |
| Financial charges | 65/66B | €520 | €1,559 | +€1,039 | +199.8% |
| Recurring financial charges | 65 | €520 | €1,559 | +€1,039 | +199.8% |
| Profit (loss) for the period before taxes | 9903 | €29,026 | €46,334 | +€17,309 | +59.6% |
| Income taxes | 67/77 | €5,590 | €12,284 | +€6,694 | +119.8% |
| Profit (loss) for the period | 9904 | €23,436 | €34,051 | +€10,615 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,436 | €34,051 | +€10,615 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.