HYDRO CONNECT: 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 CONNECT
Largest movements
- Receivables within one year +€7,066
up €7,066 (+11.1%), from €63,671 to €70,737
of which Other amounts receivable: +€18,038
- Cash +€3,313
up €3,313 (+3096.5%), from €107 to €3,420
mainly Net result for the year (+€15,606) and Current portion of long-term debt (+€8,333)
- Tangible fixed assets -€2,043
down €2,043 (-44.9%), from €4,551 to €2,508
of which Furniture and vehicles: -€1,373
- Trade debts -€16,201
down €16,201 (-46.4%), from €34,952 to €18,751
- Profit (loss) carried forward +€15,606
up €15,606 (+309.4%), from €5,044 to €20,650
- Current portion of long-term debt +€8,333
new in 2024: €8,333
- Tax, wage and social debts +€6,044
up €6,044 (+227.4%), from €2,658 to €8,702
- Short-term financial debts -€5,501
no longer reported in 2024 (was €5,501)
- Financial charges +€17,278
up €17,278 (+801.9%), from €2,155 to €19,433
- Gross operating margin +€7,960
up €7,960 (+26.5%), from €30,021 to €37,981
- Staff costs -€2,326
down €2,326 (-75.6%), from €3,078 to €752
- Financial income +€1,586
up €1,586 (+46.7%), from €3,396 to €4,981
- Taxes -€1,492
down €1,492 (-35.2%), from €4,244 to €2,752
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 | €68,615 | €76,897 | +€8,282 | +12.1% |
| Fixed assets | 21/28 | €4,837 | €2,739 | -€2,098 | -43.4% |
| Intangible fixed assets | 21 | €54 | - | -€54 | |
| Tangible fixed assets | 22/27 | €4,551 | €2,508 | -€2,043 | -44.9% |
| Land and buildings | 22 | €1,468 | €1,168 | -€300 | -20.4% |
| Plant, machinery and equipment | 23 | €1,039 | €668 | -€370 | -35.6% |
| Furniture and vehicles | 24 | €2,045 | €672 | -€1,373 | -67.2% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €63,778 | €74,158 | +€10,380 | +16.3% |
| Amounts receivable within one year | 40/41 | €63,671 | €70,737 | +€7,066 | +11.1% |
| Trade receivables | 40 | €10,972 | - | -€10,972 | |
| Other amounts receivable | 41 | €52,700 | €70,737 | +€18,038 | +34.2% |
| Cash at bank and in hand | 54/58 | €107 | €3,420 | +€3,313 | +3096.5% |
| Total equity and liabilities | 10/49 | €68,615 | €76,897 | +€8,282 | +12.1% |
| Equity | 10/15 | €25,504 | €41,110 | +€15,606 | +61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €5,044 | €20,650 | +€15,606 | +309.4% |
| Amounts payable | 17/49 | €43,111 | €35,786 | -€7,324 | -17.0% |
| Amounts payable within one year | 42/48 | €43,111 | €35,786 | -€7,324 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,333 | +€8,333 | |
| Financial debts | 43 | €5,501 | - | -€5,501 | |
| Credit institutions | 430/8 | €5,501 | - | -€5,501 | |
| Trade debts | 44 | €34,952 | €18,751 | -€16,201 | -46.4% |
| Suppliers | 440/4 | €34,952 | €18,751 | -€16,201 | -46.4% |
| Taxes, remuneration and social security | 45 | €2,658 | €8,702 | +€6,044 | +227.4% |
| Taxes | 450/3 | €2,658 | €8,702 | +€6,044 | +227.4% |
| Remuneration, social security and pensions | 62 | €3,078 | €752 | -€2,326 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,203 | €2,098 | -€106 | -4.8% |
| Other operating charges | 640/8 | €3,123 | €2,322 | -€801 | -25.7% |
| Gross operating margin | 9900 | €30,021 | €37,981 | +€7,960 | +26.5% |
| Operating profit (loss) | 9901 | €21,618 | €32,810 | +€11,192 | +51.8% |
| Financial income | 75/76B | €3,396 | €4,981 | +€1,586 | +46.7% |
| Recurring financial income | 75 | €3,396 | €4,981 | +€1,586 | +46.7% |
| Financial charges | 65/66B | €2,155 | €19,433 | +€17,278 | +801.9% |
| Recurring financial charges | 65 | €2,155 | €19,433 | +€17,278 | +801.9% |
| Profit (loss) for the period before taxes | 9903 | €22,859 | €18,358 | -€4,501 | -19.7% |
| Income taxes | 67/77 | €4,244 | €2,752 | -€1,492 | -35.2% |
| Profit (loss) for the period | 9904 | €18,614 | €15,606 | -€3,008 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,614 | €15,606 | -€3,008 | -16.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.