HYDROKO: 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.
What changed
HYDROKO
NACE 28.140, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€110,346
2024 · -€695,284+€805,630
Equity
€5.6m
2024 · €5.5m+€94,724
Cash
€1.2m
2024 · €1.4m-€195,055
Balance sheet total
€9.9m
2024 · €8.3m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+95.1%), from €1.6m to €3.2m
of which Trade receivables: +€1.3m
- Stocks and contracts +€550,712
up €550,712 (+19.8%), from €2.8m to €3.3m
- Cash -€195,055
down €195,055 (-13.7%), from €1.4m to €1.2m
mainly Receivables within one year (-€1.5m) and Investment in fixed assets (net) (-€1.1m)
- Intangible fixed assets -€177,413
down €177,413 (-8.7%), from €2.0m to €1.9m
- Tangible fixed assets -€152,219
down €152,219 (-37.6%), from €404,570 to €252,351
of which Other tangible fixed assets: -€78,755
Equity and liabilities
- Trade debts +€728,264
up €728,264 (+167%), from €437,188 to €1.2m
- Current portion of long-term debt +€500,000
new in 2025: €500,000
- Other debts +€269,328
up €269,328 (+20.3%), from €1.3m to €1.6m
Income statement
- Turnover +€1.7m
up €1.7m (+15.9%), from €10.7m to €12.4m
- Goods and materials +€880,955
up €880,955 (+12.1%), from €7.3m to €8.1m
of which Purchases: +€2.2m
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.
Result 2024
-€695,284
Turnover
+€1.7m
Other operating income
+€15,433
Goods and materials
-€880,955
Services and other goods
+€61,564
Staff costs
-€66,979
Depreciation
-€16,149
Provisions
+€115,506
Other operating charges
-€30,542
Other operating items
-€2,382
Financial income
-€22,459
Financial charges
-€74,917
Taxes
-€598
Result 2025
€110,346
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€440,570
Investment
-€1.1m
Financing
+€484,378
Cash 2024
€1.4m
From operations (derived)
+€440,570
Net result for the year
+€110,346
Depreciation
+€1.4m
Stocks and contracts
-€550,712
Receivables within one year
-€1.5m
Deferred charges and accrued income
+€3,259
Provisions
-€35,506
Trade debts
+€728,264
Tax, wage and social debts
+€33,920
Advances received
-€21,671
Other debts
+€269,328
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€484,378
Current portion of long-term debt
+€500,000
Contributions, distributions and other
-€15,622
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,282,400 | €9,851,460 | +€1.6m | +18.9% |
| Fixed assets | 21/28 | €2,445,241 | €2,115,609 | -€329,632 | -13.5% |
| Intangible fixed assets | 21 | €2,039,550 | €1,862,137 | -€177,413 | -8.7% |
| Tangible fixed assets | 22/27 | €404,570 | €252,351 | -€152,219 | -37.6% |
| Plant, machinery and equipment | 23 | €102,003 | €50,785 | -€51,219 | -50.2% |
| Furniture and vehicles | 24 | €50,648 | €28,401 | -€22,246 | -43.9% |
| Other tangible fixed assets | 26 | €251,920 | €173,165 | -€78,755 | -31.3% |
| Financial fixed assets | 28 | €1,121 | €1,121 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,121 | €1,121 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,121 | €1,121 | = | 0.0% |
| Current assets | 29/58 | €5,837,159 | €7,735,851 | +€1.9m | +32.5% |
| Stocks and contracts in progress | 3 | €2,776,611 | €3,327,323 | +€550,712 | +19.8% |
| Stocks | 30/36 | €2,776,611 | €3,327,323 | +€550,712 | +19.8% |
| Raw materials and consumables | 30/31 | €3,540 | - | -€3,540 | |
| Finished goods | 33 | €2,850 | €2,850 | = | 0.0% |
| Goods purchased for resale | 34 | €2,770,221 | €3,324,473 | +€554,252 | +20.0% |
| Amounts receivable within one year | 40/41 | €1,625,204 | €3,171,500 | +€1.5m | +95.1% |
| Trade receivables | 40 | €1,608,681 | €2,937,464 | +€1.3m | +82.6% |
| Other amounts receivable | 41 | €16,523 | €234,036 | +€217,513 | +1,316% |
| Cash at bank and in hand | 54/58 | €1,418,701 | €1,223,646 | -€195,055 | -13.7% |
| Deferred charges and accrued income | 490/1 | €16,642 | €13,382 | -€3,259 | -19.6% |
| Total equity and liabilities | 10/49 | €8,282,400 | €9,851,460 | +€1.6m | +18.9% |
| Equity | 10/15 | €5,548,429 | €5,643,153 | +€94,724 | +1.7% |
| Contributions | 10/11 | €163,000 | €163,000 | = | 0.0% |
| Capital | 10 | €163,000 | €163,000 | = | 0.0% |
| Issued capital | 100 | €163,000 | €163,000 | = | 0.0% |
| Reserves | 13 | €126,357 | €126,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,300 | €16,300 | = | 0.0% |
| Legal reserve | 130 | €16,300 | €16,300 | = | 0.0% |
| Distributable reserves | 133 | €110,057 | €110,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,259,071 | €5,353,795 | +€94,724 | +1.8% |
| Provisions and deferred taxes | 16 | €800,000 | €764,495 | -€35,506 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €800,000 | €764,495 | -€35,506 | -4.4% |
| Other liabilities and charges | 164/5 | €800,000 | €764,495 | -€35,506 | -4.4% |
| Amounts payable | 17/49 | €1,933,971 | €3,443,813 | +€1.5m | +78.1% |
| Amounts payable within one year | 42/48 | €1,933,971 | €3,443,813 | +€1.5m | +78.1% |
| Current portion of amounts payable after more than one year | 42 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €437,188 | €1,165,452 | +€728,264 | +167% |
| Suppliers | 440/4 | €437,188 | €1,165,452 | +€728,264 | +167% |
| Advances received on contracts in progress | 46 | €56,137 | €34,467 | -€21,671 | -38.6% |
| Taxes, remuneration and social security | 45 | €112,129 | €146,049 | +€33,920 | +30.3% |
| Taxes | 450/3 | €70,506 | €95,954 | +€25,448 | +36.1% |
| Remuneration and social security | 454/9 | €41,623 | €50,095 | +€8,472 | +20.4% |
| Other amounts payable | 47/48 | €1,328,517 | €1,597,845 | +€269,328 | +20.3% |
| Operating income | 70/76A | €10,877,330 | €12,598,491 | +€1.7m | +15.8% |
| Turnover | 70 | €10,712,091 | €12,420,201 | +€1.7m | +15.9% |
| Other operating income | 74 | €161,067 | €176,501 | +€15,433 | +9.6% |
| Non-recurring operating income | 76A | €4,171 | €1,789 | -€2,382 | -57.1% |
| Operating charges | 60/66A | €11,576,780 | €12,394,336 | +€817,556 | +7.1% |
| Goods for resale, raw materials and consumables | 60 | €7,263,064 | €8,144,019 | +€880,955 | +12.1% |
| Purchases | 600/8 | €6,514,214 | €8,694,731 | +€2.2m | +33.5% |
| Change in stocks: decrease (increase) | 609 | €748,851 | -€550,712 | -€1.3m | |
| Services and other goods | 61 | €2,308,003 | €2,246,439 | -€61,564 | -2.7% |
| Remuneration, social security and pensions | 62 | €471,026 | €538,005 | +€66,979 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,433,487 | €1,449,636 | +€16,149 | +1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,000 | -€35,506 | -€115,506 | |
| Other operating charges | 640/8 | €21,200 | €51,742 | +€30,542 | +144% |
| Operating profit (loss) | 9901 | -€699,450 | €204,155 | +€903,605 | |
| Financial income | 75/76B | €35,315 | €12,855 | -€22,459 | -63.6% |
| Recurring financial income | 75 | €35,315 | €12,855 | -€22,459 | -63.6% |
| Income from current assets | 751 | €16,932 | €4,336 | -€12,596 | -74.4% |
| Other financial income | 752/9 | €18,382 | €8,519 | -€9,863 | -53.7% |
| Financial charges | 65/66B | €30,501 | €105,418 | +€74,917 | +246% |
| Recurring financial charges | 65 | €30,501 | €100,599 | +€70,098 | +230% |
| Debt charges | 650 | €4,788 | €74,614 | +€69,826 | +1,458% |
| Other financial charges | 652/9 | €25,713 | €25,985 | +€272 | +1.1% |
| Non-recurring financial charges | 66B | - | €4,819 | +€4,819 | |
| Profit (loss) for the period before taxes | 9903 | -€694,637 | €111,592 | +€806,228 | |
| Income taxes | 67/77 | €647 | €1,246 | +€598 | +92.4% |
| Taxes | 670/3 | €647 | €1,246 | +€598 | +92.4% |
| Profit (loss) for the period | 9904 | -€695,284 | €110,346 | +€805,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€695,284 | €110,346 | +€805,630 |
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 14 October 2026 via checked.be.