HYDRO-ENGINEERING: 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-ENGINEERING
Largest movements
- Receivables within one year +€3,652
up €3,652 (+1.3%), from €288,294 to €291,946
of which Trade receivables: +€3,639
- Profit (loss) carried forward +€4,294
up €4,294 (+23.9%), from €17,941 to €22,235
- Gross operating margin +€5,006
up €5,006 (+203.5%), from €2,460 to €7,466
- Depreciation -€173
down €173 (-34.3%), from €505 to €332
- Financial charges -€99
down €99 (-45.0%), from €220 to €121
- Other operating charges -€84
down €84 (-7.7%), from €1,093 to €1,009
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.
Cash bridge derived
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 | €342,563 | €347,610 | +€5,047 | +1.5% |
| Fixed assets | 21/28 | €3,788 | €3,456 | -€332 | -8.8% |
| Tangible fixed assets | 22/27 | €3,788 | €3,456 | -€332 | -8.8% |
| Land and buildings | 22 | €2,965 | €2,965 | = | 0.0% |
| Furniture and vehicles | 24 | €823 | €491 | -€332 | -40.3% |
| Current assets | 29/58 | €338,775 | €344,154 | +€5,379 | +1.6% |
| Stocks and contracts in progress | 3 | €40,555 | €40,555 | = | 0.0% |
| Stocks | 30/36 | €40,555 | €40,555 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €288,294 | €291,946 | +€3,652 | +1.3% |
| Trade receivables | 40 | €9,131 | €12,770 | +€3,639 | +39.9% |
| Other amounts receivable | 41 | €279,163 | €279,176 | +€13 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,926 | €11,653 | +€1,727 | +17.4% |
| Total equity and liabilities | 10/49 | €342,563 | €347,610 | +€5,047 | +1.5% |
| Equity | 10/15 | €84,347 | €90,435 | +€6,088 | +7.2% |
| 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 | €4,406 | €6,200 | +€1,794 | +40.7% |
| Non-distributable reserves | 130/1 | €4,406 | €6,200 | +€1,794 | +40.7% |
| Legal reserve | 130 | €4,406 | €6,200 | +€1,794 | +40.7% |
| Profit (loss) carried forward | 14 | €17,941 | €22,235 | +€4,294 | +23.9% |
| Amounts payable | 17/49 | €258,216 | €257,175 | -€1,041 | -0.4% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €228,216 | €227,175 | -€1,041 | -0.5% |
| Trade debts | 44 | €13,518 | €12,946 | -€572 | -4.2% |
| Suppliers | 440/4 | €13,518 | €12,946 | -€572 | -4.2% |
| Taxes, remuneration and social security | 45 | €885 | €1,602 | +€717 | +81.0% |
| Taxes | 450/3 | €885 | €1,602 | +€717 | +81.0% |
| Other amounts payable | 47/48 | €213,813 | €212,627 | -€1,186 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €332 | -€173 | -34.3% |
| Other operating charges | 640/8 | €1,093 | €1,009 | -€84 | -7.7% |
| Gross operating margin | 9900 | €2,460 | €7,466 | +€5,006 | +203.5% |
| Operating profit (loss) | 9901 | €862 | €6,125 | +€5,263 | +610.6% |
| Financial income | 75/76B | €89 | €84 | -€5 | -5.6% |
| Recurring financial income | 75 | €89 | €84 | -€5 | -5.6% |
| Financial charges | 65/66B | €220 | €121 | -€99 | -45.0% |
| Recurring financial charges | 65 | €220 | €121 | -€99 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €731 | €6,088 | +€5,357 | +732.8% |
| Profit (loss) for the period | 9904 | €731 | €6,088 | +€5,357 | +732.8% |
| Profit (loss) for the period to be appropriated | 9905 | €731 | €6,088 | +€5,357 | +732.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.