HYDROCONCEPT: 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.
HYDROCONCEPT
Largest movements
- Stocks and contracts +€31,662
up €31,662 (+11.8%), from €268,338 to €300,000
- Cash -€30,773
down €30,773 (-42.3%), from €72,836 to €42,063
mainly Stocks and contracts (-€31,662) and Receivables within one year (-€30,445)
- Receivables within one year +€30,445
up €30,445 (+2.9%), from €1.1m to €1.1m
of which Trade receivables: +€40,393
- Reserves +€181,447
up €181,447 (+30.1%), from €602,394 to €783,840
of which Distributable reserves: +€181,447
- Profit (loss) carried forward -€174,723
no longer reported in 2025 (was €174,723)
- Trade debts +€17,813
up €17,813 (+182.6%), from €9,753 to €27,566
- Gross operating margin -€93,029
down €93,029 (-79.9%), from €116,471 to €23,442
- Taxes -€27,378
down €27,378 (-85.0%), from €32,196 to €4,818
- Staff costs +€2,075
up €2,075 (+6670.9%), from €31 to €2,106
- Other operating charges -€1,699
down €1,699 (-43.1%), from €3,939 to €2,240
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 | €1,413,525 | €1,448,000 | +€34,475 | +2.4% |
| Fixed assets | 21/28 | €7,505 | €3,518 | -€3,987 | -53.1% |
| Tangible fixed assets | 22/27 | €7,505 | €3,518 | -€3,987 | -53.1% |
| Land and buildings | 22 | €785 | - | -€785 | |
| Plant, machinery and equipment | 23 | €6,720 | €3,518 | -€3,202 | -47.6% |
| Current assets | 29/58 | €1,406,020 | €1,444,482 | +€38,462 | +2.7% |
| Stocks and contracts in progress | 3 | €268,338 | €300,000 | +€31,662 | +11.8% |
| Contracts in progress | 37 | €268,338 | €300,000 | +€31,662 | +11.8% |
| Amounts receivable within one year | 40/41 | €1,064,149 | €1,094,594 | +€30,445 | +2.9% |
| Trade receivables | 40 | €176,241 | €216,634 | +€40,393 | +22.9% |
| Other amounts receivable | 41 | €887,908 | €877,960 | -€9,948 | -1.1% |
| Cash at bank and in hand | 54/58 | €72,836 | €42,063 | -€30,773 | -42.3% |
| Deferred charges and accrued income | 490/1 | €698 | €7,825 | +€7,128 | +1021.9% |
| Total equity and liabilities | 10/49 | €1,413,525 | €1,448,000 | +€34,475 | +2.4% |
| Equity | 10/15 | €1,384,617 | €1,391,340 | +€6,724 | +0.5% |
| Contributions | 10/11 | €607,500 | €607,500 | = | 0.0% |
| Reserves | 13 | €602,394 | €783,840 | +€181,447 | +30.1% |
| Non-distributable reserves | 130/1 | €46,961 | €46,961 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,961 | €46,961 | = | 0.0% |
| Distributable reserves | 133 | €555,433 | €736,880 | +€181,447 | +32.7% |
| Profit (loss) carried forward | 14 | €174,723 | - | -€174,723 | |
| Amounts payable | 17/49 | €28,908 | €56,660 | +€27,752 | +96.0% |
| Amounts payable within one year | 42/48 | €28,908 | €56,660 | +€27,752 | +96.0% |
| Financial debts | 43 | €12,610 | €12,745 | +€135 | +1.1% |
| Credit institutions | 430/8 | €12,610 | - | -€12,610 | |
| Other loans | 439 | - | €12,745 | +€12,745 | |
| Trade debts | 44 | €9,753 | €27,566 | +€17,813 | +182.6% |
| Suppliers | 440/4 | €9,753 | €27,566 | +€17,813 | +182.6% |
| Taxes, remuneration and social security | 45 | €6,545 | €8,962 | +€2,417 | +36.9% |
| Taxes | 450/3 | €6,545 | €8,962 | +€2,417 | +36.9% |
| Other amounts payable | 47/48 | - | €7,387 | +€7,387 | |
| Remuneration, social security and pensions | 62 | €31 | €2,106 | +€2,075 | +6670.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €3,987 | +€1,159 | +41.0% |
| Other operating charges | 640/8 | €3,939 | €2,240 | -€1,699 | -43.1% |
| Gross operating margin | 9900 | €116,471 | €23,442 | -€93,029 | -79.9% |
| Operating profit (loss) | 9901 | €109,674 | €15,109 | -€94,564 | -86.2% |
| Financial income | 75/76B | €743 | €34 | -€709 | -95.4% |
| Recurring financial income | 75 | €743 | €34 | -€709 | -95.4% |
| Financial charges | 65/66B | €3,464 | €3,602 | +€138 | +4.0% |
| Recurring financial charges | 65 | €3,464 | €3,602 | +€138 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €106,953 | €11,541 | -€95,412 | -89.2% |
| Income taxes | 67/77 | €32,196 | €4,818 | -€27,378 | -85.0% |
| Profit (loss) for the period | 9904 | €74,757 | €6,724 | -€68,033 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,757 | €6,724 | -€68,033 | -91.0% |
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 7 October 2026 via checked.be.