Hydrogen Council: 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.
Hydrogen Council
Largest movements
- Cash +€299,384
up €299,384 (+8.9%), from €3.4m to €3.7m
mainly Net result for the year (+€248,283) and Tax, wage and social debts (+€101,374)
- Receivables within one year -€46,561
down €46,561 (-5.9%), from €794,475 to €747,915
of which Trade receivables: -€178,379
- Profit (loss) carried forward +€248,283
up €248,283 (+10.4%), from €2.4m to €2.6m
- Trade debts -€142,444
down €142,444 (-16.0%), from €889,877 to €747,433
- Tax, wage and social debts +€101,374
up €101,374 (+300%), from €33,823 to €135,197
of which Remuneration and social security: +€93,473
- Accrued charges and deferred income +€66,860
up €66,860, from €0 to €66,860
- Staff costs +€405,628
up €405,628 (+71.3%), from €569,263 to €974,891
- Write-downs +€205,000
up €205,000 (+586%), from €35,000 to €240,000
- Gross operating margin +€74,658
up €74,658 (+5.0%), from €1.5m to €1.6m
- Other operating charges +€30,862
up €30,862 (+31,985%), from €96 to €30,959
- Financial charges +€24,894
up €24,894 (+143%), from €17,415 to €42,309
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 | €4,200,807 | €4,474,881 | +€274,074 | +6.5% |
| Fixed assets | 21/28 | €25,328 | €22,106 | -€3,222 | -12.7% |
| Intangible fixed assets | 21 | €22,760 | €0 | -€22,760 | -100% |
| Tangible fixed assets | 22/27 | €2,568 | €8,478 | +€5,910 | +230% |
| Furniture and vehicles | 24 | €2,568 | €8,478 | +€5,910 | +230% |
| Financial fixed assets | 28 | €0 | €13,627 | +€13,627 | |
| Current assets | 29/58 | €4,175,479 | €4,452,775 | +€277,296 | +6.6% |
| Amounts receivable within one year | 40/41 | €794,475 | €747,915 | -€46,561 | -5.9% |
| Trade receivables | 40 | €639,159 | €460,780 | -€178,379 | -27.9% |
| Other amounts receivable | 41 | €155,317 | €287,135 | +€131,818 | +84.9% |
| Cash at bank and in hand | 54/58 | €3,374,277 | €3,673,661 | +€299,384 | +8.9% |
| Deferred charges and accrued income | 490/1 | €6,727 | €31,200 | +€24,473 | +364% |
| Total equity and liabilities | 10/49 | €4,200,807 | €4,474,881 | +€274,074 | +6.5% |
| Equity | 10/15 | €3,277,107 | €3,525,391 | +€248,283 | +7.6% |
| Reserves | 13 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,377,107 | €2,625,391 | +€248,283 | +10.4% |
| Amounts payable | 17/49 | €923,700 | €949,491 | +€25,791 | +2.8% |
| Amounts payable within one year | 42/48 | €923,700 | €882,630 | -€41,070 | -4.4% |
| Trade debts | 44 | €889,877 | €747,433 | -€142,444 | -16.0% |
| Suppliers | 440/4 | €889,877 | €747,433 | -€142,444 | -16.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,823 | €135,197 | +€101,374 | +300% |
| Taxes | 450/3 | €19,217 | €27,117 | +€7,901 | +41.1% |
| Remuneration and social security | 454/9 | €14,607 | €108,080 | +€93,473 | +640% |
| Accrued charges and deferred income | 492/3 | €0 | €66,860 | +€66,860 | |
| Non-recurring operating income | 76A | €53,602 | €0 | -€53,602 | -100% |
| Remuneration, social security and pensions | 62 | €569,263 | €974,891 | +€405,628 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,218 | €25,563 | +€19,345 | +311% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,000 | €240,000 | +€205,000 | +586% |
| Other operating charges | 640/8 | €96 | €30,959 | +€30,862 | +31,985% |
| Gross operating margin | 9900 | €1,486,877 | €1,561,535 | +€74,658 | +5.0% |
| Operating profit (loss) | 9901 | €876,300 | €290,123 | -€586,177 | -66.9% |
| Financial income | 75/76B | €18,095 | €469 | -€17,626 | -97.4% |
| Recurring financial income | 75 | €18,095 | €469 | -€17,626 | -97.4% |
| Financial charges | 65/66B | €17,415 | €42,309 | +€24,894 | +143% |
| Recurring financial charges | 65 | €17,415 | €42,309 | +€24,894 | +143% |
| Profit (loss) for the period before taxes | 9903 | €876,980 | €248,283 | -€628,697 | -71.7% |
| Profit (loss) for the period | 9904 | €876,980 | €248,283 | -€628,697 | -71.7% |
| Transfer to tax-exempt reserves | 689 | €900,000 | - | -€900,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,020 | €248,283 | +€271,303 |
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.