HYDROSEC: 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.
HYDROSEC
Largest movements
- Current investments +€109,912
up €109,912 (+121.8%), from €90,217 to €200,129
- Tangible fixed assets -€37,443
down €37,443 (-12.4%), from €301,034 to €263,591
- Cash -€8,191
down €8,191 (-10.8%), from €75,760 to €67,570
mainly Current investments (-€109,912) and Debts after one year (-€30,868)
- Receivables within one year -€7,332
down €7,332 (-30.7%), from €23,861 to €16,529
of which Trade receivables: -€11,412
- Reserves +€85,282
up €85,282 (+23.2%), from €368,008 to €453,290
of which Tax-exempt reserves: +€46,310
- Debts after one year -€30,868
down €30,868 (-41.4%), from €74,546 to €43,678
- Gross operating margin -€19,793
down €19,793 (-7.9%), from €251,145 to €231,353
- Taxes -€6,118
down €6,118 (-15.6%), from €39,136 to €33,017
- Depreciation +€3,712
up €3,712 (+8.4%), from €44,094 to €47,806
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 | €494,253 | €551,023 | +€56,770 | +11.5% |
| Fixed assets | 21/28 | €301,034 | €263,591 | -€37,443 | -12.4% |
| Tangible fixed assets | 22/27 | €301,034 | €263,591 | -€37,443 | -12.4% |
| Land and buildings | 22 | €221,985 | €205,307 | -€16,678 | -7.5% |
| Plant, machinery and equipment | 23 | €19,825 | €17,702 | -€2,123 | -10.7% |
| Furniture and vehicles | 24 | €59,224 | €40,582 | -€18,642 | -31.5% |
| Current assets | 29/58 | €193,219 | €287,432 | +€94,213 | +48.8% |
| Amounts receivable within one year | 40/41 | €23,861 | €16,529 | -€7,332 | -30.7% |
| Trade receivables | 40 | €17,313 | €5,902 | -€11,412 | -65.9% |
| Other amounts receivable | 41 | €6,547 | €10,627 | +€4,080 | +62.3% |
| Current investments | 50/53 | €90,217 | €200,129 | +€109,912 | +121.8% |
| Cash at bank and in hand | 54/58 | €75,760 | €67,570 | -€8,191 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,381 | €3,205 | -€176 | -5.2% |
| Total equity and liabilities | 10/49 | €494,253 | €551,023 | +€56,770 | +11.5% |
| Equity | 10/15 | €378,208 | €463,490 | +€85,282 | +22.5% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €368,008 | €453,290 | +€85,282 | +23.2% |
| Tax-exempt reserves | 132 | €46,310 | €92,620 | +€46,310 | +100.0% |
| Distributable reserves | 133 | €321,698 | €360,670 | +€38,972 | +12.1% |
| Amounts payable | 17/49 | €116,045 | €87,533 | -€28,512 | -24.6% |
| Amounts payable after more than one year | 17 | €74,546 | €43,678 | -€30,868 | -41.4% |
| Financial debts | 170/4 | €74,546 | €43,678 | -€30,868 | -41.4% |
| Amounts payable within one year | 42/48 | €41,499 | €43,855 | +€2,355 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €30,671 | €30,868 | +€196 | +0.6% |
| Trade debts | 44 | €6,895 | €11,059 | +€4,164 | +60.4% |
| Suppliers | 440/4 | €6,895 | €11,059 | +€4,164 | +60.4% |
| Taxes, remuneration and social security | 45 | €3,933 | €1,928 | -€2,005 | -51.0% |
| Taxes | 450/3 | €3,933 | €1,928 | -€2,005 | -51.0% |
| Remuneration, social security and pensions | 62 | €57,662 | €57,715 | +€52 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,094 | €47,806 | +€3,712 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,780 | - | -€1,780 | |
| Other operating charges | 640/8 | €4,189 | €3,768 | -€421 | -10.1% |
| Gross operating margin | 9900 | €251,145 | €231,353 | -€19,793 | -7.9% |
| Operating profit (loss) | 9901 | €143,420 | €122,064 | -€21,356 | -14.9% |
| Financial income | 75/76B | €756 | €1,403 | +€648 | +85.7% |
| Recurring financial income | 75 | €756 | €1,403 | +€648 | +85.7% |
| Financial charges | 65/66B | €6,455 | €5,168 | -€1,288 | -19.9% |
| Recurring financial charges | 65 | €6,455 | €5,168 | -€1,288 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €137,720 | €118,299 | -€19,420 | -14.1% |
| Income taxes | 67/77 | €39,136 | €33,017 | -€6,118 | -15.6% |
| Profit (loss) for the period | 9904 | €98,584 | €85,282 | -€13,302 | -13.5% |
| Transfer to tax-exempt reserves | 689 | €46,310 | €46,310 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,274 | €38,972 | -€13,302 | -25.4% |
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 5 October 2026 via checked.be.