HYDROLIEGE: 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.
HYDROLIEGE
Largest movements
- Cash +€206,022
up €206,022 (+1013.5%), from €20,327 to €226,350
mainly Net result for the year (+€160,330) and Depreciation (+€141,903)
- Tangible fixed assets -€87,997
down €87,997 (-7.8%), from €1.1m to €1.0m
of which Plant, machinery and equipment: -€66,625
- Receivables within one year +€21,950
up €21,950 (+87.5%), from €25,074 to €47,023
of which Trade receivables: +€13,148
- Reserves +€160,000
up €160,000 (+94.1%), from €169,958 to €329,958
of which Distributable reserves: +€160,000
- Other debts +€103,150
up €103,150 (+25.5%), from €405,000 to €508,150
- Debts after one year -€68,165
down €68,165 (-61.1%), from €111,480 to €43,316
of which Financial debts: -€68,165
- Trade debts -€51,421
down €51,421 (-14.0%), from €367,071 to €315,650
- Current portion of long-term debt -€19,131
down €19,131 (-21.9%), from €87,296 to €68,165
- Gross operating margin +€145,802
up €145,802 (+59.0%), from €247,186 to €392,988
- Staff costs -€60,087
down €60,087 (-56.4%), from €106,476 to €46,389
- Depreciation +€14,995
up €14,995 (+11.8%), from €126,908 to €141,903
- Other operating charges -€7,499
down €7,499 (-19.2%), from €39,131 to €31,632
- Financial charges -€4,762
down €4,762 (-29.6%), from €16,097 to €11,335
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 | €1,258,554 | €1,388,658 | +€130,104 | +10.3% |
| Fixed assets | 21/28 | €1,209,325 | €1,111,328 | -€97,997 | -8.1% |
| Intangible fixed assets | 21 | €80,712 | €70,712 | -€10,000 | -12.4% |
| Tangible fixed assets | 22/27 | €1,128,613 | €1,040,616 | -€87,997 | -7.8% |
| Land and buildings | 22 | €767,867 | €758,571 | -€9,296 | -1.2% |
| Plant, machinery and equipment | 23 | €324,490 | €257,864 | -€66,625 | -20.5% |
| Furniture and vehicles | 24 | €25,592 | €18,513 | -€7,079 | -27.7% |
| Leasing and similar rights | 25 | €10,663 | €5,667 | -€4,996 | -46.9% |
| Current assets | 29/58 | €49,229 | €277,330 | +€228,101 | +463.4% |
| Amounts receivable within one year | 40/41 | €25,074 | €47,023 | +€21,950 | +87.5% |
| Trade receivables | 40 | €10,274 | €23,422 | +€13,148 | +128.0% |
| Other amounts receivable | 41 | €14,799 | €23,601 | +€8,802 | +59.5% |
| Cash at bank and in hand | 54/58 | €20,327 | €226,350 | +€206,022 | +1013.5% |
| Deferred charges and accrued income | 490/1 | €3,828 | €3,957 | +€129 | +3.4% |
| Total equity and liabilities | 10/49 | €1,258,554 | €1,388,658 | +€130,104 | +10.3% |
| Equity | 10/15 | €270,836 | €431,166 | +€160,330 | +59.2% |
| Contributions | 10/11 | €99,579 | €99,579 | = | 0.0% |
| Capital | 10 | €99,579 | €99,579 | = | 0.0% |
| Issued capital | 100 | €99,579 | €99,579 | = | 0.0% |
| Reserves | 13 | €169,958 | €329,958 | +€160,000 | +94.1% |
| Non-distributable reserves | 130/1 | €9,958 | €9,958 | = | 0.0% |
| Legal reserve | 130 | €9,958 | €9,958 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €320,000 | +€160,000 | +100.0% |
| Profit (loss) carried forward | 14 | €1,299 | €1,629 | +€330 | +25.4% |
| Amounts payable | 17/49 | €987,718 | €957,492 | -€30,226 | -3.1% |
| Amounts payable after more than one year | 17 | €111,480 | €43,316 | -€68,165 | -61.1% |
| Financial debts | 170/4 | €109,680 | €41,516 | -€68,165 | -62.1% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €869,338 | €904,976 | +€35,638 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €87,296 | €68,165 | -€19,131 | -21.9% |
| Trade debts | 44 | €367,071 | €315,650 | -€51,421 | -14.0% |
| Suppliers | 440/4 | €367,071 | €315,650 | -€51,421 | -14.0% |
| Taxes, remuneration and social security | 45 | €9,971 | €13,011 | +€3,040 | +30.5% |
| Taxes | 450/3 | - | €6,646 | +€6,646 | |
| Remuneration and social security | 454/9 | €9,971 | €6,365 | -€3,606 | -36.2% |
| Other amounts payable | 47/48 | €405,000 | €508,150 | +€103,150 | +25.5% |
| Accrued charges and deferred income | 492/3 | €6,900 | €9,200 | +€2,300 | +33.3% |
| Remuneration, social security and pensions | 62 | €106,476 | €46,389 | -€60,087 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,908 | €141,903 | +€14,995 | +11.8% |
| Other operating charges | 640/8 | €39,131 | €31,632 | -€7,499 | -19.2% |
| Gross operating margin | 9900 | €247,186 | €392,988 | +€145,802 | +59.0% |
| Operating profit (loss) | 9901 | -€25,328 | €173,064 | +€198,393 | |
| Financial charges | 65/66B | €16,097 | €11,335 | -€4,762 | -29.6% |
| Recurring financial charges | 65 | €16,097 | €11,335 | -€4,762 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,425 | €161,729 | +€203,154 | |
| Income taxes | 67/77 | - | €1,399 | +€1,399 | |
| Profit (loss) for the period | 9904 | -€41,425 | €160,330 | +€201,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,425 | €160,330 | +€201,756 |
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 28 September 2026 via checked.be.