Hydro-Create Inter: 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.
What changed
Hydro-Create Inter
NACE 42.919, Civil engineering
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€67,099
2023 · -€168,104+€235,203
Equity
€196,500
2023 · €173,470+€23,030
Cash
€14,835
2023 · €127+€14,707
Balance sheet total
€1.5m
2023 · €1.8m-€331,471
Largest movements
Assets
- Tangible fixed assets -€333,794
down €333,794 (-21.3%), from €1.6m to €1.2m
of which Land and buildings: -€326,152
Equity and liabilities
- Debts after one year -€200,513
down €200,513 (-46.6%), from €429,992 to €229,480
- Profit (loss) carried forward +€82,921
up €82,921 (+7.5%), from -€1.1m to -€1.0m
- Short-term financial debts -€65,832
down €65,832 (-7.3%), from €905,832 to €840,000
- Reserves -€59,891
down €59,891 (-9.1%), from €660,026 to €600,135
of which Tax-exempt reserves: -€59,891
- Trade debts -€43,651
down €43,651 (-48.9%), from €89,207 to €45,556
Income statement
- Gross operating margin +€218,945
up €218,945 (+1966.8%), from €11,132 to €230,077
- Taxes +€66,281
up €66,281, from €0 to €66,281
- Financial charges -€20,295
down €20,295 (-26.5%), from €76,637 to €56,341
of which Financial charges: -€13,361
- Depreciation -€9,368
down €9,368 (-9.9%), from €94,383 to €85,015
- Write-downs +€8,508
new in 2024: €8,508
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.
Result 2023
-€168,104
Gross operating margin
+€218,945
Depreciation
+€9,368
Write-downs
-€8,508
Other operating charges
-€3,584
Other operating items
+€18,358
Financial income
-€2
Financial charges
+€20,295
Taxes
-€66,281
Deferred taxes and other
+€46,612
Result 2024
€67,099
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.
From operations
+€94,486
Investment
+€248,779
Financing
-€328,557
Cash 2023
€127
From operations (derived)
+€94,486
Net result for the year
+€67,099
Depreciation
+€85,015
Stocks and contracts
+€7,040
Receivables within one year
+€5,281
Deferred charges and accrued income
+€64
Provisions
-€15,822
Trade debts
-€43,651
Tax, wage and social debts
+€1,079
Other debts
-€11,618
Investment (derived)
+€248,779
Investment in fixed assets (net)
+€248,779
Financing
-€328,557
Debts after one year
-€200,513
Current portion of long-term debt
-€18,143
Short-term financial debts
-€65,832
Contributions, distributions and other
-€44,069
Cash 2024
€14,835
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,811,923 | €1,480,452 | -€331,471 | -18.3% |
| Fixed assets | 21/28 | €1,564,194 | €1,230,400 | -€333,794 | -21.3% |
| Tangible fixed assets | 22/27 | €1,564,194 | €1,230,400 | -€333,794 | -21.3% |
| Land and buildings | 22 | €1,540,563 | €1,214,411 | -€326,152 | -21.2% |
| Plant, machinery and equipment | 23 | - | €1,028 | +€1,028 | |
| Furniture and vehicles | 24 | €23,630 | €14,960 | -€8,670 | -36.7% |
| Current assets | 29/58 | €247,729 | €250,052 | +€2,323 | +0.9% |
| Stocks and contracts in progress | 3 | €161,230 | €154,190 | -€7,040 | -4.4% |
| Stocks | 30/36 | €161,230 | €154,190 | -€7,040 | -4.4% |
| Amounts receivable within one year | 40/41 | €36,308 | €31,028 | -€5,281 | -14.5% |
| Trade receivables | 40 | €24,598 | €19,162 | -€5,435 | -22.1% |
| Other amounts receivable | 41 | €11,711 | €11,865 | +€155 | +1.3% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127 | €14,835 | +€14,707 | +11571.6% |
| Deferred charges and accrued income | 490/1 | €64 | - | -€64 | |
| Total equity and liabilities | 10/49 | €1,811,923 | €1,480,452 | -€331,471 | -18.3% |
| Equity | 10/15 | €173,470 | €196,500 | +€23,030 | +13.3% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €660,026 | €600,135 | -€59,891 | -9.1% |
| Non-distributable reserves | 130/1 | €55,317 | €55,317 | = | 0.0% |
| Legal reserve | 130 | €5,317 | €5,317 | = | 0.0% |
| Own shares acquired | 1312 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €420,889 | €360,998 | -€59,891 | -14.2% |
| Distributable reserves | 133 | €183,821 | €183,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,106,556 | -€1,023,635 | +€82,921 | +7.5% |
| Provisions and deferred taxes | 16 | €106,596 | €90,774 | -€15,822 | -14.8% |
| Deferred taxes | 168 | €106,596 | €90,774 | -€15,822 | -14.8% |
| Amounts payable | 17/49 | €1,531,857 | €1,193,178 | -€338,679 | -22.1% |
| Amounts payable after more than one year | 17 | €429,992 | €229,480 | -€200,513 | -46.6% |
| Financial debts | 170/4 | €429,992 | €229,480 | -€200,513 | -46.6% |
| Amounts payable within one year | 42/48 | €1,101,865 | €963,699 | -€138,166 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €25,108 | €6,965 | -€18,143 | -72.3% |
| Financial debts | 43 | €905,832 | €840,000 | -€65,832 | -7.3% |
| Credit institutions | 430/8 | €905,832 | €840,000 | -€65,832 | -7.3% |
| Trade debts | 44 | €89,207 | €45,556 | -€43,651 | -48.9% |
| Suppliers | 440/4 | €89,207 | €45,556 | -€43,651 | -48.9% |
| Taxes, remuneration and social security | 45 | - | €1,079 | +€1,079 | |
| Taxes | 450/3 | - | €1,079 | +€1,079 | |
| Other amounts payable | 47/48 | €81,717 | €70,099 | -€11,618 | -14.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,383 | €85,015 | -€9,368 | -9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,508 | +€8,508 | |
| Other operating charges | 640/8 | €3,139 | €6,723 | +€3,584 | +114.2% |
| Non-recurring operating charges | 66A | €18,358 | - | -€18,358 | |
| Gross operating margin | 9900 | €11,132 | €230,077 | +€218,945 | +1966.8% |
| Operating profit (loss) | 9901 | -€104,749 | €129,831 | +€234,579 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €76,637 | €56,341 | -€20,295 | -26.5% |
| Recurring financial charges | 65 | €69,702 | €56,341 | -€13,361 | -19.2% |
| Non-recurring financial charges | 66B | €6,934 | - | -€6,934 | |
| Profit (loss) for the period before taxes | 9903 | -€181,383 | €73,489 | +€254,873 | |
| Transfer from deferred taxes | 780 | €13,279 | €59,891 | +€46,612 | +351.0% |
| Income taxes | 67/77 | €0 | €66,281 | +€66,281 | |
| Profit (loss) for the period | 9904 | -€168,104 | €67,099 | +€235,203 | |
| Transfer from tax-exempt reserves | 789 | €25,777 | €15,822 | -€9,955 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,327 | €82,921 | +€225,249 |
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 10 October 2026 via checked.be.