HYDRO VOLTA: 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 VOLTA
Largest movements
- Receivables within one year -€390,222
down €390,222 (-79.4%), from €491,348 to €101,126
of which Other amounts receivable: -€267,660
- Intangible fixed assets +€134,551
up €134,551 (+28.8%), from €466,713 to €601,263
- Stocks and contracts +€112,557
new in 2024: €112,557
- Deferred charges and accrued income +€96,500
up €96,500 (+72.3%), from €133,500 to €230,000
- Cash -€72,898
down €72,898 (-77.3%), from €94,253 to €21,355
mainly Investment in fixed assets (net) (-€229,841) and Trade debts (-€200,822)
- Trade debts -€200,822
down €200,822 (-40.8%), from €492,601 to €291,779
- Accrued charges and deferred income +€59,000
new in 2024: €59,000
- Debts after one year +€52,502
up €52,502 (+7.9%), from €663,498 to €716,000
of which Other amounts payable: +€75,000
- Investment grants -€12,700
down €12,700 (-25.0%), from €50,800 to €38,100
- Purchases and services -€467,902
no longer reported in 2024 (was €467,902)
- Staff costs -€130,091
down €130,091 (-35.7%), from €363,948 to €233,858
- Turnover -€93,515
no longer reported in 2024 (was €93,515)
- Depreciation +€74,961
up €74,961 (+344.7%), from €21,744 to €96,705
- Gross operating margin -€65,728
down €65,728 (-17.5%), from €375,502 to €309,774
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,189,865 | €1,068,938 | -€120,927 | -10.2% |
| Fixed assets | 21/28 | €470,764 | €603,899 | +€133,136 | +28.3% |
| Intangible fixed assets | 21 | €466,713 | €601,263 | +€134,551 | +28.8% |
| Tangible fixed assets | 22/27 | €1,951 | €536 | -€1,415 | -72.5% |
| Plant, machinery and equipment | 23 | €427 | - | -€427 | |
| Furniture and vehicles | 24 | €1,525 | €536 | -€988 | -64.8% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €719,101 | €465,038 | -€254,063 | -35.3% |
| Stocks and contracts in progress | 3 | - | €112,557 | +€112,557 | |
| Contracts in progress | 37 | - | €112,557 | +€112,557 | |
| Amounts receivable within one year | 40/41 | €491,348 | €101,126 | -€390,222 | -79.4% |
| Trade receivables | 40 | €122,562 | - | -€122,562 | |
| Other amounts receivable | 41 | €368,785 | €101,126 | -€267,660 | -72.6% |
| Cash at bank and in hand | 54/58 | €94,253 | €21,355 | -€72,898 | -77.3% |
| Deferred charges and accrued income | 490/1 | €133,500 | €230,000 | +€96,500 | +72.3% |
| Total equity and liabilities | 10/49 | €1,189,865 | €1,068,938 | -€120,927 | -10.2% |
| Equity | 10/15 | €23,524 | €2,159 | -€21,366 | -90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,876 | -€54,542 | -€8,666 | -18.9% |
| Investment grants | 15 | €50,800 | €38,100 | -€12,700 | -25.0% |
| Amounts payable | 17/49 | €1,166,341 | €1,066,779 | -€99,561 | -8.5% |
| Amounts payable after more than one year | 17 | €663,498 | €716,000 | +€52,502 | +7.9% |
| Trade debts | 175 | €22,498 | - | -€22,498 | |
| Other amounts payable | 178/9 | €641,000 | €716,000 | +€75,000 | +11.7% |
| Amounts payable within one year | 42/48 | €502,843 | €291,779 | -€211,063 | -42.0% |
| Trade debts | 44 | €492,601 | €291,779 | -€200,822 | -40.8% |
| Suppliers | 440/4 | €492,601 | €291,779 | -€200,822 | -40.8% |
| Other amounts payable | 47/48 | €10,242 | - | -€10,242 | |
| Accrued charges and deferred income | 492/3 | - | €59,000 | +€59,000 | |
| Turnover | 70 | €93,515 | - | -€93,515 | |
| Goods, raw materials, services and sundry goods | 60/61 | €467,902 | - | -€467,902 | |
| Remuneration, social security and pensions | 62 | €363,948 | €233,858 | -€130,091 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,744 | €96,705 | +€74,961 | +344.7% |
| Gross operating margin | 9900 | €375,502 | €309,774 | -€65,728 | -17.5% |
| Operating profit (loss) | 9901 | -€10,190 | -€20,789 | -€10,598 | -104.0% |
| Financial income | 75/76B | €12,712 | €12,702 | -€9 | -0.1% |
| Recurring financial income | 75 | €12,712 | €12,702 | -€9 | -0.1% |
| Financial charges | 65/66B | €700 | €579 | -€121 | -17.2% |
| Recurring financial charges | 65 | €700 | €579 | -€121 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €1,821 | -€8,666 | -€10,487 | |
| Profit (loss) for the period | 9904 | €1,821 | -€8,666 | -€10,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,821 | -€8,666 | -€10,487 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.