HYDRO NAUTICA: what changed
What changed
HYDRO NAUTICA
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€7,525
2024 · €326+€7,198
Equity
€274,343
2024 · €323,599-€49,255
Cash
€248,070
2024 · €317,785-€69,716
Balance sheet total
€390,484
2024 · €427,704-€37,220
Largest movements
Assets
- Cash -€69,716
down €69,716 (-21.9%), from €317,785 to €248,070
mainly Contributions, distributions and other (-€56,780) and Investment in fixed assets (net) (-€40,862)
- Receivables within one year +€20,185
up €20,185 (+140%), from €14,447 to €34,632
of which Trade receivables: +€21,572
- Tangible fixed assets +€12,712
up €12,712 (+15.7%), from €80,976 to €93,688
of which Furniture and vehicles: +€32,606
Equity and liabilities
- Reserves -€49,255
down €49,255 (-15.8%), from €311,199 to €261,943
- Other debts +€20,258
up €20,258 (+69.0%), from €29,353 to €49,611
- Debts after one year -€14,535
down €14,535 (-27.2%), from €53,463 to €38,928
- Tax, wage and social debts +€5,434
up €5,434 (+725%), from €750 to €6,183
Income statement
- Gross operating margin +€12,207
up €12,207 (+34.6%), from €35,310 to €47,517
- Taxes +€3,416
up €3,416 (+781%), from €437 to €3,853
- Other operating charges +€502
up €502 (+22.1%), from €2,272 to €2,774
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€326
Gross operating margin
+€12,207
Staff costs
-€232
Depreciation
-€327
Other operating charges
-€502
Other operating items
-€275
Financial income
-€61
Financial charges
-€196
Taxes
-€3,416
Result 2025
€7,525
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,265
Investment
-€40,862
Financing
-€73,119
Cash 2024
€317,785
From operations (derived)
+€44,265
Net result for the year
+€7,525
Depreciation
+€28,150
Stocks and contracts
-€983
Receivables within one year
-€20,185
Deferred charges and accrued income
+€1,384
Trade debts
+€2,684
Tax, wage and social debts
+€5,434
Other debts
+€20,258
Investment (derived)
-€40,862
Investment in fixed assets (net)
-€40,862
Financing
-€73,119
Debts after one year
-€14,535
Current portion of long-term debt
-€1,804
Contributions, distributions and other
-€56,780
Cash 2025
€248,070
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,704 | €390,484 | -€37,220 | -8.7% |
| Fixed assets | 21/28 | €82,176 | €94,888 | +€12,712 | +15.5% |
| Tangible fixed assets | 22/27 | €80,976 | €93,688 | +€12,712 | +15.7% |
| Land and buildings | 22 | €42,133 | €31,600 | -€10,533 | -25.0% |
| Plant, machinery and equipment | 23 | €3,162 | €1,827 | -€1,335 | -42.2% |
| Furniture and vehicles | 24 | €8,882 | €41,488 | +€32,606 | +367% |
| Other tangible fixed assets | 26 | €26,799 | €18,773 | -€8,026 | -29.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €345,528 | €295,596 | -€49,932 | -14.5% |
| Stocks and contracts in progress | 3 | €8,268 | €9,252 | +€983 | +11.9% |
| Stocks | 30/36 | €8,268 | €9,252 | +€983 | +11.9% |
| Amounts receivable within one year | 40/41 | €14,447 | €34,632 | +€20,185 | +140% |
| Trade receivables | 40 | €6,172 | €27,744 | +€21,572 | +349% |
| Other amounts receivable | 41 | €8,275 | €6,888 | -€1,387 | -16.8% |
| Cash at bank and in hand | 54/58 | €317,785 | €248,070 | -€69,716 | -21.9% |
| Deferred charges and accrued income | 490/1 | €5,027 | €3,643 | -€1,384 | -27.5% |
| Total equity and liabilities | 10/49 | €427,704 | €390,484 | -€37,220 | -8.7% |
| Equity | 10/15 | €323,599 | €274,343 | -€49,255 | -15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €311,199 | €261,943 | -€49,255 | -15.8% |
| Distributable reserves | 133 | €311,199 | €261,943 | -€49,255 | -15.8% |
| Amounts payable | 17/49 | €104,105 | €116,141 | +€12,036 | +11.6% |
| Amounts payable after more than one year | 17 | €53,463 | €38,928 | -€14,535 | -27.2% |
| Financial debts | 170/4 | €53,463 | €38,928 | -€14,535 | -27.2% |
| Amounts payable within one year | 42/48 | €50,642 | €77,213 | +€26,571 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €16,339 | €14,535 | -€1,804 | -11.0% |
| Trade debts | 44 | €4,200 | €6,884 | +€2,684 | +63.9% |
| Suppliers | 440/4 | €4,200 | €6,884 | +€2,684 | +63.9% |
| Taxes, remuneration and social security | 45 | €750 | €6,183 | +€5,434 | +725% |
| Taxes | 450/3 | €750 | €6,183 | +€5,434 | +725% |
| Other amounts payable | 47/48 | €29,353 | €49,611 | +€20,258 | +69.0% |
| Non-recurring operating income | 76A | €5,555 | €11,287 | +€5,732 | +103% |
| Remuneration, social security and pensions | 62 | €34 | €267 | +€232 | +681% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,823 | €28,150 | +€327 | +1.2% |
| Other operating charges | 640/8 | €2,272 | €2,774 | +€502 | +22.1% |
| Non-recurring operating charges | 66A | - | €275 | +€275 | |
| Gross operating margin | 9900 | €35,310 | €47,517 | +€12,207 | +34.6% |
| Operating profit (loss) | 9901 | €5,181 | €16,052 | +€10,871 | +210% |
| Financial income | 75/76B | €309 | €247 | -€61 | -19.9% |
| Recurring financial income | 75 | €309 | €247 | -€61 | -19.9% |
| Financial charges | 65/66B | €4,726 | €4,922 | +€196 | +4.1% |
| Recurring financial charges | 65 | €4,726 | €4,922 | +€196 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €763 | €11,378 | +€10,614 | +1,390% |
| Income taxes | 67/77 | €437 | €3,853 | +€3,416 | +781% |
| Profit (loss) for the period | 9904 | €326 | €7,525 | +€7,198 | +2,206% |
| Profit (loss) for the period to be appropriated | 9905 | €326 | €7,525 | +€7,198 | +2,206% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.