HYDRO GROUP: 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 GROUP
Largest movements
- Receivables within one year -€13,920
down €13,920 (-68.2%), from €20,425 to €6,505
- Profit (loss) carried forward -€28,550
down €28,550 (-4.7%), from €609,357 to €580,807
- Financial income -€153,153
down €153,153 (-98.7%), from €155,114 to €1,961
- Gross operating margin +€14,474
up €14,474, from -€11,177 to €3,297
- Depreciation +€174
up €174 (+3.8%), from €4,541 to €4,715
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 | €875,572 | €849,748 | -€25,824 | -2.9% |
| Fixed assets | 21/28 | €485,128 | €480,413 | -€4,715 | -1.0% |
| Intangible fixed assets | 21 | €9,741 | €5,026 | -€4,715 | -48.4% |
| Financial fixed assets | 28 | €475,387 | €475,387 | = | 0.0% |
| Current assets | 29/58 | €390,444 | €369,335 | -€21,109 | -5.4% |
| Amounts receivable within one year | 40/41 | €20,425 | €6,505 | -€13,920 | -68.2% |
| Other amounts receivable | 41 | €20,425 | €6,505 | -€13,920 | -68.2% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €220,019 | €212,830 | -€7,189 | -3.3% |
| Total equity and liabilities | 10/49 | €875,572 | €849,748 | -€25,824 | -2.9% |
| Equity | 10/15 | €828,932 | €800,382 | -€28,550 | -3.4% |
| Contributions | 10/11 | €63,250 | €63,250 | = | 0.0% |
| Capital | 10 | €63,250 | €63,250 | = | 0.0% |
| Issued capital | 100 | €63,250 | €63,250 | = | 0.0% |
| Reserves | 13 | €156,325 | €156,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156,325 | €156,325 | = | 0.0% |
| Legal reserve | 130 | €6,325 | €6,325 | = | 0.0% |
| Own shares acquired | 1312 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €609,357 | €580,807 | -€28,550 | -4.7% |
| Amounts payable | 17/49 | €46,640 | €49,366 | +€2,726 | +5.8% |
| Amounts payable within one year | 42/48 | €46,640 | €49,366 | +€2,726 | +5.8% |
| Trade debts | 44 | €3,128 | €5,855 | +€2,726 | +87.1% |
| Suppliers | 440/4 | €3,128 | €5,855 | +€2,726 | +87.1% |
| Taxes, remuneration and social security | 45 | €14,940 | €14,940 | = | 0.0% |
| Taxes | 450/3 | €14,940 | €14,940 | = | 0.0% |
| Other amounts payable | 47/48 | €28,571 | €28,571 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,541 | €4,715 | +€174 | +3.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€11,177 | €3,297 | +€14,474 | |
| Operating profit (loss) | 9901 | -€16,105 | -€1,818 | +€14,287 | +88.7% |
| Financial income | 75/76B | €155,114 | €1,961 | -€153,153 | -98.7% |
| Recurring financial income | 75 | €155,114 | €1,961 | -€153,153 | -98.7% |
| Financial charges | 65/66B | €51 | €122 | +€71 | +138.7% |
| Recurring financial charges | 65 | €51 | €122 | +€71 | +138.7% |
| Profit (loss) for the period before taxes | 9903 | €138,958 | €21 | -€138,936 | -100.0% |
| Profit (loss) for the period | 9904 | €138,958 | €21 | -€138,936 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €138,958 | €21 | -€138,936 | -100.0% |
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 1 October 2026 via checked.be.