Hydro Global Solution: 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 Global Solution
Largest movements
- Receivables within one year +€753,985
up €753,985 (+127.3%), from €592,278 to €1.3m
of which Trade receivables: +€693,408
- Cash -€364,144
down €364,144 (-49.2%), from €740,705 to €376,561
mainly Receivables within one year (-€753,985) and Stocks and contracts (-€250,000)
- Stocks and contracts +€250,000
new in 2025: €250,000
- Tangible fixed assets -€86,333
down €86,333 (-27.9%), from €309,358 to €223,026
- Profit (loss) carried forward +€341,271
up €341,271 (+185.3%), from €184,147 to €525,418
- Advances received +€187,093
up €187,093 (+69.8%), from €267,937 to €455,030
- Gross operating margin +€386,683
up €386,683 (+206.7%), from €187,037 to €573,721
- Taxes +€82,270
up €82,270 (+261.3%), from €31,487 to €113,757
- Depreciation +€50,361
up €50,361 (+140.0%), from €35,972 to €86,333
- Financial income -€6,325
no longer reported in 2025 (was €6,325)
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 | €1,642,341 | €2,195,850 | +€553,509 | +33.7% |
| Fixed assets | 21/28 | €309,358 | €223,026 | -€86,333 | -27.9% |
| Tangible fixed assets | 22/27 | €309,358 | €223,026 | -€86,333 | -27.9% |
| Plant, machinery and equipment | 23 | €309,358 | €223,026 | -€86,333 | -27.9% |
| Current assets | 29/58 | €1,332,983 | €1,972,824 | +€639,841 | +48.0% |
| Stocks and contracts in progress | 3 | - | €250,000 | +€250,000 | |
| Stocks | 30/36 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €592,278 | €1,346,263 | +€753,985 | +127.3% |
| Trade receivables | 40 | €566,612 | €1,260,020 | +€693,408 | +122.4% |
| Other amounts receivable | 41 | €25,665 | €86,243 | +€60,578 | +236.0% |
| Cash at bank and in hand | 54/58 | €740,705 | €376,561 | -€364,144 | -49.2% |
| Total equity and liabilities | 10/49 | €1,642,341 | €2,195,850 | +€553,509 | +33.7% |
| Equity | 10/15 | €284,147 | €625,418 | +€341,271 | +120.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,147 | €525,418 | +€341,271 | +185.3% |
| Amounts payable | 17/49 | €1,358,194 | €1,570,432 | +€212,238 | +15.6% |
| Amounts payable within one year | 42/48 | €1,358,194 | €1,570,432 | +€212,238 | +15.6% |
| Financial debts | 43 | €1,000,000 | €1,015,123 | +€15,123 | +1.5% |
| Other loans | 439 | €1,000,000 | €1,015,123 | +€15,123 | +1.5% |
| Trade debts | 44 | €90,257 | €100,279 | +€10,022 | +11.1% |
| Suppliers | 440/4 | €90,257 | €100,279 | +€10,022 | +11.1% |
| Advances received on contracts in progress | 46 | €267,937 | €455,030 | +€187,093 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,972 | €86,333 | +€50,361 | +140.0% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121.3% |
| Gross operating margin | 9900 | €187,037 | €573,721 | +€386,683 | +206.7% |
| Operating profit (loss) | 9901 | €150,560 | €486,270 | +€335,710 | +223.0% |
| Financial income | 75/76B | €6,325 | - | -€6,325 | |
| Recurring financial income | 75 | €6,325 | - | -€6,325 | |
| Financial charges | 65/66B | €30,938 | €31,242 | +€304 | +1.0% |
| Recurring financial charges | 65 | €30,938 | €31,242 | +€304 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €125,947 | €455,028 | +€329,081 | +261.3% |
| Income taxes | 67/77 | €31,487 | €113,757 | +€82,270 | +261.3% |
| Profit (loss) for the period | 9904 | €94,460 | €341,271 | +€246,811 | +261.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,460 | €341,271 | +€246,811 | +261.3% |
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 12 October 2026 via checked.be.