HYDRO-THERM: 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-THERM
Largest movements
- Receivables within one year -€376,136
down €376,136 (-42.2%), from €891,388 to €515,252
of which Other amounts receivable: -€375,291
- Profit (loss) carried forward -€374,625
down €374,625 (-47.6%), from €786,283 to €411,658
- Financial charges +€397,678
up €397,678 (+110,518%), from €360 to €398,038
of which Non-recurring financial charges: +€397,529
- Financial income -€12,681
down €12,681 (-32.2%), from €39,362 to €26,681
- Other operating charges +€1,005
new in 2025: €1,005
- Gross operating margin -€435
down €435 (-23.8%), from -€1,828 to -€2,264
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.
Derived cash bridge
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 | €899,357 | €523,423 | -€375,934 | -41.8% |
| Fixed assets | 21/28 | €7,715 | €7,715 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,715 | €7,715 | = | 0.0% |
| Other tangible fixed assets | 26 | €7,715 | €7,715 | = | 0.0% |
| Current assets | 29/58 | €891,642 | €515,708 | -€375,934 | -42.2% |
| Amounts receivable within one year | 40/41 | €891,388 | €515,252 | -€376,136 | -42.2% |
| Trade receivables | 40 | €12,241 | €11,396 | -€845 | -6.9% |
| Other amounts receivable | 41 | €879,146 | €503,856 | -€375,291 | -42.7% |
| Cash at bank and in hand | 54/58 | €255 | €456 | +€201 | +79.1% |
| Total equity and liabilities | 10/49 | €899,357 | €523,423 | -€375,934 | -41.8% |
| Equity | 10/15 | €896,283 | €521,658 | -€374,625 | -41.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €786,283 | €411,658 | -€374,625 | -47.6% |
| Amounts payable | 17/49 | €3,074 | €1,765 | -€1,309 | -42.6% |
| Amounts payable within one year | 42/48 | €3,074 | €1,765 | -€1,309 | -42.6% |
| Trade debts | 44 | €3,074 | €1,765 | -€1,309 | -42.6% |
| Suppliers | 440/4 | €3,074 | €1,765 | -€1,309 | -42.6% |
| Other operating charges | 640/8 | - | €1,005 | +€1,005 | |
| Gross operating margin | 9900 | -€1,828 | -€2,264 | -€435 | -23.8% |
| Operating profit (loss) | 9901 | -€1,828 | -€3,269 | -€1,441 | -78.8% |
| Financial income | 75/76B | €39,362 | €26,681 | -€12,681 | -32.2% |
| Recurring financial income | 75 | €39,362 | €26,681 | -€12,681 | -32.2% |
| Financial charges | 65/66B | €360 | €398,038 | +€397,678 | +110,518% |
| Recurring financial charges | 65 | €360 | €509 | +€149 | +41.4% |
| Non-recurring financial charges | 66B | - | €397,529 | +€397,529 | |
| Profit (loss) for the period before taxes | 9903 | €37,174 | -€374,625 | -€411,800 | |
| Profit (loss) for the period | 9904 | €37,174 | -€374,625 | -€411,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,174 | -€374,625 | -€411,800 |
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 25 October 2026 via checked.be.