HydroBox: what changed
What changed
HydroBox
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€205,107
2023 · -€459,227+€664,334
Equity
€2.8m
2023 · €1.9m+€846,017
Cash
€1,172
2023 · €49,065-€47,892
Balance sheet total
€4.5m
2023 · €3.1m+€1.4m
Largest movements
Assets
- Financial fixed assets +€699,917
up €699,917 (+53.1%), from €1.3m to €2.0m
- Receivables within one year +€452,288
up €452,288 (+28.8%), from €1.6m to €2.0m
of which Other amounts receivable: +€510,548
- Deferred charges and accrued income +€246,916
up €246,916, from €0 to €246,916
- Cash -€47,892
down €47,892 (-97.6%), from €49,065 to €1,172
mainly Investment in fixed assets (net) (-€762,682) and Receivables within one year (-€452,288)
Equity and liabilities
- Investment grants +€640,910
up €640,910 (+317%), from €202,092 to €843,002
- Trade debts +€231,374
up €231,374 (+173%), from €133,606 to €364,979
- Profit (loss) carried forward +€205,107
up €205,107 (+16.5%), from -€1.2m to -€1.0m
- Current portion of long-term debt +€205,000
new in 2024: €205,000
- Accrued charges and deferred income +€52,910
up €52,910 (+747%), from €7,083 to €59,993
Income statement
- Financial income +€743,715
up €743,715 (+110,576%), from €673 to €744,387
of which Non-recurring financial income: +€699,917
- Gross operating margin -€55,338
down €55,338 (-17.1%), from -€324,188 to -€379,526
- Financial charges +€26,547
up €26,547 (+37.6%), from €70,593 to €97,139
- Staff costs -€21,244
down €21,244 (-100%), from €21,244 to €0
- Depreciation +€12,541
up €12,541 (+29.6%), from €42,423 to €54,964
Change in the result, 2023 to 2024
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 2023
-€459,227
Gross operating margin
-€55,338
Staff costs
+€21,244
Depreciation
-€12,541
Other operating charges
-€6,198
Financial income
+€743,715
Financial charges
-€26,547
Result 2024
€205,107
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€130,398
Investment
-€762,682
Financing
+€845,187
Cash 2023
€49,065
From operations (derived)
-€130,398
Net result for the year
+€205,107
Depreciation
+€54,964
Receivables within one year
-€452,288
Deferred charges and accrued income
-€246,916
Trade debts
+€231,374
Tax, wage and social debts
-€631
Other debts
+€25,082
Accrued charges and deferred income
+€52,910
Investment (derived)
-€762,682
Investment in fixed assets (net)
-€762,682
Financing
+€845,187
Current portion of long-term debt
+€205,000
Short-term financial debts
-€722
Contributions, distributions and other
+€640,910
Cash 2024
€1,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,098,406 | €4,457,435 | +€1.4m | +43.9% |
| Formation expenses | 20 | €85,228 | €72,287 | -€12,941 | -15.2% |
| Fixed assets | 21/28 | €1,392,915 | €2,113,574 | +€720,659 | +51.7% |
| Intangible fixed assets | 21 | €15,769 | €11,994 | -€3,775 | -23.9% |
| Tangible fixed assets | 22/27 | €58,865 | €83,382 | +€24,517 | +41.6% |
| Plant, machinery and equipment | 23 | €49,868 | €36,944 | -€12,924 | -25.9% |
| Furniture and vehicles | 24 | €8,997 | €46,438 | +€37,441 | +416% |
| Financial fixed assets | 28 | €1,318,280 | €2,018,198 | +€699,917 | +53.1% |
| Current assets | 29/58 | €1,620,262 | €2,271,574 | +€651,312 | +40.2% |
| Amounts receivable within one year | 40/41 | €1,571,198 | €2,023,486 | +€452,288 | +28.8% |
| Trade receivables | 40 | €169,000 | €110,740 | -€58,260 | -34.5% |
| Other amounts receivable | 41 | €1,402,197 | €1,912,745 | +€510,548 | +36.4% |
| Cash at bank and in hand | 54/58 | €49,065 | €1,172 | -€47,892 | -97.6% |
| Deferred charges and accrued income | 490/1 | €0 | €246,916 | +€246,916 | |
| Total equity and liabilities | 10/49 | €3,098,406 | €4,457,435 | +€1.4m | +43.9% |
| Equity | 10/15 | €1,906,443 | €2,752,460 | +€846,017 | +44.4% |
| Contributions | 10/11 | €2,945,359 | €2,945,359 | = | 0.0% |
| Capital | 10 | €655,335 | €655,335 | = | 0.0% |
| Issued capital | 100 | €655,335 | €655,335 | = | 0.0% |
| Contributions outside capital | 11 | €2,290,024 | €2,290,024 | = | 0.0% |
| Share premium | 1100/10 | €2,290,024 | €2,290,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,241,008 | -€1,035,900 | +€205,107 | +16.5% |
| Investment grants | 15 | €202,092 | €843,002 | +€640,910 | +317% |
| Amounts payable | 17/49 | €1,191,962 | €1,704,975 | +€513,013 | +43.0% |
| Amounts payable after more than one year | 17 | €1,002,900 | €1,002,900 | = | 0.0% |
| Financial debts | 170/4 | €1,002,900 | €1,002,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,980 | €642,082 | +€460,102 | +253% |
| Current portion of amounts payable after more than one year | 42 | - | €205,000 | +€205,000 | |
| Financial debts | 43 | €722 | €0 | -€722 | -100% |
| Credit institutions | 430/8 | €722 | €0 | -€722 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €133,606 | €364,979 | +€231,374 | +173% |
| Suppliers | 440/4 | €133,606 | €364,979 | +€231,374 | +173% |
| Taxes, remuneration and social security | 45 | €13,004 | €12,374 | -€631 | -4.8% |
| Taxes | 450/3 | €13,004 | €12,374 | -€631 | -4.8% |
| Other amounts payable | 47/48 | €34,647 | €59,729 | +€25,082 | +72.4% |
| Accrued charges and deferred income | 492/3 | €7,083 | €59,993 | +€52,910 | +747% |
| Remuneration, social security and pensions | 62 | €21,244 | €0 | -€21,244 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,423 | €54,964 | +€12,541 | +29.6% |
| Other operating charges | 640/8 | €1,452 | €7,651 | +€6,198 | +427% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€324,188 | -€379,526 | -€55,338 | -17.1% |
| Operating profit (loss) | 9901 | -€389,307 | -€442,141 | -€52,834 | -13.6% |
| Financial income | 75/76B | €673 | €744,387 | +€743,715 | +110,576% |
| Recurring financial income | 75 | €673 | €44,470 | +€43,797 | +6,512% |
| Non-recurring financial income | 76B | - | €699,917 | +€699,917 | |
| Financial charges | 65/66B | €70,593 | €97,139 | +€26,547 | +37.6% |
| Recurring financial charges | 65 | €70,593 | €97,139 | +€26,547 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | -€459,227 | €205,107 | +€664,334 | |
| Profit (loss) for the period | 9904 | -€459,227 | €205,107 | +€664,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€459,227 | €205,107 | +€664,334 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.