HYDROMASTERS: 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.
HYDROMASTERS
Largest movements
- Receivables within one year +€157,919
up €157,919 (+265.1%), from €59,573 to €217,491
of which Trade receivables: +€116,351
- Cash +€75,360
up €75,360 (+275.0%), from €27,400 to €102,760
mainly Trade debts (+€260,555) and Stocks and contracts (+€37,000)
- Stocks and contracts -€37,000
down €37,000 (-100.0%), from €37,000 to €0
- Tangible fixed assets -€22,106
down €22,106 (-7.1%), from €310,707 to €288,601
of which Land and buildings: -€11,402
- Trade debts +€260,555
up €260,555 (+22493.6%), from €1,158 to €261,713
- Profit (loss) carried forward -€61,002
down €61,002, from €0 to -€61,002
- Debts after one year -€19,641
down €19,641 (-5.2%), from €378,167 to €358,526
of which Financial debts: -€20,000
- Tax, wage and social debts -€7,914
down €7,914 (-99.0%), from €7,991 to €77
- Gross operating margin -€59,736
down €59,736, from €38,608 to -€21,127
- Financial charges +€8,115
up €8,115 (+101.5%), from €7,999 to €16,114
- Depreciation -€7,484
down €7,484 (-25.3%), from €29,590 to €22,106
- Other operating charges +€947
up €947 (+132.5%), from €715 to €1,661
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 | €434,853 | €609,101 | +€174,248 | +40.1% |
| Fixed assets | 21/28 | €310,707 | €288,601 | -€22,106 | -7.1% |
| Tangible fixed assets | 22/27 | €310,707 | €288,601 | -€22,106 | -7.1% |
| Land and buildings | 22 | €300,003 | €288,601 | -€11,402 | -3.8% |
| Plant, machinery and equipment | 23 | €10,704 | €0 | -€10,704 | -100.0% |
| Current assets | 29/58 | €124,146 | €320,500 | +€196,354 | +158.2% |
| Stocks and contracts in progress | 3 | €37,000 | €0 | -€37,000 | -100.0% |
| Contracts in progress | 37 | €37,000 | €0 | -€37,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €59,573 | €217,491 | +€157,919 | +265.1% |
| Trade receivables | 40 | €59,380 | €175,731 | +€116,351 | +195.9% |
| Other amounts receivable | 41 | €193 | €41,760 | +€41,567 | +21564.2% |
| Cash at bank and in hand | 54/58 | €27,400 | €102,760 | +€75,360 | +275.0% |
| Deferred charges and accrued income | 490/1 | €173 | €249 | +€75 | +43.5% |
| Total equity and liabilities | 10/49 | €434,853 | €609,101 | +€174,248 | +40.1% |
| Equity | 10/15 | €27,517 | -€33,485 | -€61,002 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,517 | €17,517 | = | 0.0% |
| Distributable reserves | 133 | €17,517 | €17,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€61,002 | -€61,002 | |
| Amounts payable | 17/49 | €407,336 | €642,586 | +€235,251 | +57.8% |
| Amounts payable after more than one year | 17 | €378,167 | €358,526 | -€19,641 | -5.2% |
| Financial debts | 170/4 | €376,667 | €356,667 | -€20,000 | -5.3% |
| Other amounts payable | 178/9 | €1,500 | €1,860 | +€360 | +24.0% |
| Amounts payable within one year | 42/48 | €29,169 | €281,810 | +€252,641 | +866.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €1,158 | €261,713 | +€260,555 | +22493.6% |
| Suppliers | 440/4 | €1,158 | €261,713 | +€260,555 | +22493.6% |
| Taxes, remuneration and social security | 45 | €7,991 | €77 | -€7,914 | -99.0% |
| Taxes | 450/3 | €7,991 | €77 | -€7,914 | -99.0% |
| Other amounts payable | 47/48 | €19 | €19 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,590 | €22,106 | -€7,484 | -25.3% |
| Other operating charges | 640/8 | €715 | €1,661 | +€947 | +132.5% |
| Gross operating margin | 9900 | €38,608 | -€21,127 | -€59,736 | |
| Operating profit (loss) | 9901 | €8,303 | -€44,895 | -€53,198 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €7,999 | €16,114 | +€8,115 | +101.5% |
| Recurring financial charges | 65 | €7,999 | €16,114 | +€8,115 | +101.5% |
| Profit (loss) for the period before taxes | 9903 | €304 | -€61,002 | -€61,307 | |
| Profit (loss) for the period | 9904 | €304 | -€61,002 | -€61,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €304 | -€61,002 | -€61,307 |
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 11 October 2026 via checked.be.