HYDROSERV: 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.
HYDROSERV
Largest movements
- Receivables within one year -€25,745
down €25,745 (-14.7%), from €174,554 to €148,810
of which Trade receivables: -€23,917
- Cash -€22,923
down €22,923 (-7.8%), from €293,468 to €270,545
mainly Contributions, distributions and other (-€209,666) and Tax, wage and social debts (-€34,073)
- Tangible fixed assets +€13,450
up €13,450 (+549.4%), from €2,448 to €15,899
of which Plant, machinery and equipment: +€13,450
- Tax, wage and social debts -€34,073
down €34,073 (-35.8%), from €95,102 to €61,029
of which Taxes: -€42,556
- Debts after one year -€17,341
down €17,341 (-57.5%), from €30,161 to €12,819
- Trade debts +€13,736
up €13,736 (+27.9%), from €49,316 to €63,052
- Staff costs +€106,501
up €106,501 (+50.3%), from €211,643 to €318,145
- Gross operating margin +€105,163
up €105,163 (+20.5%), from €512,809 to €617,972
- Depreciation -€52,383
down €52,383 (-91.1%), from €57,506 to €5,124
- Taxes +€32,083
up €32,083 (+56.4%), from €56,911 to €88,994
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 | €1,285,631 | €1,244,485 | -€41,146 | -3.2% |
| Fixed assets | 21/28 | €2,773 | €16,224 | +€13,450 | +485.0% |
| Tangible fixed assets | 22/27 | €2,448 | €15,899 | +€13,450 | +549.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,448 | €15,899 | +€13,450 | +549.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €1,282,858 | €1,228,262 | -€54,596 | -4.3% |
| Stocks and contracts in progress | 3 | €718,741 | €708,566 | -€10,176 | -1.4% |
| Stocks | 30/36 | €718,741 | €708,566 | -€10,176 | -1.4% |
| Amounts receivable within one year | 40/41 | €174,554 | €148,810 | -€25,745 | -14.7% |
| Trade receivables | 40 | €172,565 | €148,648 | -€23,917 | -13.9% |
| Other amounts receivable | 41 | €1,989 | €162 | -€1,827 | -91.8% |
| Current investments | 50/53 | €86,788 | €86,819 | +€31 | 0.0% |
| Cash at bank and in hand | 54/58 | €293,468 | €270,545 | -€22,923 | -7.8% |
| Deferred charges and accrued income | 490/1 | €9,307 | €13,522 | +€4,215 | +45.3% |
| Total equity and liabilities | 10/49 | €1,285,631 | €1,244,485 | -€41,146 | -3.2% |
| Equity | 10/15 | €1,072,042 | €1,063,522 | -€8,520 | -0.8% |
| Contributions | 10/11 | €208,000 | €208,000 | = | 0.0% |
| Reserves | 13 | €864,042 | €855,522 | -€8,520 | -1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €41,456 | €41,456 | = | 0.0% |
| Distributable reserves | 133 | €822,586 | €814,066 | -€8,520 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €213,589 | €180,963 | -€32,626 | -15.3% |
| Amounts payable after more than one year | 17 | €30,161 | €12,819 | -€17,341 | -57.5% |
| Financial debts | 170/4 | €30,161 | €12,819 | -€17,341 | -57.5% |
| Amounts payable within one year | 42/48 | €183,429 | €168,143 | -€15,286 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €29,093 | €33,867 | +€4,774 | +16.4% |
| Trade debts | 44 | €49,316 | €63,052 | +€13,736 | +27.9% |
| Suppliers | 440/4 | €49,316 | €63,052 | +€13,736 | +27.9% |
| Taxes, remuneration and social security | 45 | €95,102 | €61,029 | -€34,073 | -35.8% |
| Taxes | 450/3 | €75,433 | €32,877 | -€42,556 | -56.4% |
| Remuneration and social security | 454/9 | €19,669 | €28,152 | +€8,483 | +43.1% |
| Other amounts payable | 47/48 | €9,917 | €10,194 | +€277 | +2.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1 | +€1 | |
| Non-recurring operating income | 76A | - | €10,709 | +€10,709 | |
| Remuneration, social security and pensions | 62 | €211,643 | €318,145 | +€106,501 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,506 | €5,124 | -€52,383 | -91.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €213 | €0 | -€213 | -100.0% |
| Other operating charges | 640/8 | €4,770 | €3,778 | -€991 | -20.8% |
| Gross operating margin | 9900 | €512,809 | €617,972 | +€105,163 | +20.5% |
| Operating profit (loss) | 9901 | €238,678 | €290,925 | +€52,248 | +21.9% |
| Financial income | 75/76B | €1,711 | €1,487 | -€224 | -13.1% |
| Recurring financial income | 75 | €1,711 | €1,487 | -€224 | -13.1% |
| Financial charges | 65/66B | -€2,512 | €2,272 | +€4,784 | |
| Recurring financial charges | 65 | -€2,512 | €2,272 | +€4,784 | |
| Profit (loss) for the period before taxes | 9903 | €242,900 | €290,140 | +€47,240 | +19.4% |
| Income taxes | 67/77 | €56,911 | €88,994 | +€32,083 | +56.4% |
| Profit (loss) for the period | 9904 | €185,990 | €201,146 | +€15,157 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €185,990 | €201,146 | +€15,157 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.