HYDROSOL: what changed
HYDROSOL
Largest movements
- Tangible fixed assets +€51,081
up €51,081 (+1,896%), from €2,694 to €53,776
of which Furniture and vehicles: +€26,519
- Cash -€14,994
down €14,994 (-27.9%), from €53,822 to €38,827
mainly Investment in fixed assets (net) (-€57,497) and Contributions, distributions and other (-€36,585)
- Receivables within one year +€12,224
up €12,224 (+18.6%), from €65,855 to €78,079
of which Other amounts receivable: +€13,325
- Intangible fixed assets -€11,863
down €11,863 (-14.0%), from €84,447 to €72,584
- Stocks and contracts -€2,806
down €2,806 (-92.2%), from €3,044 to €238
- Trade debts +€32,423
up €32,423 (+124%), from €26,083 to €58,506
- Debts after one year +€27,152
new in 2025: €27,152
- Other debts -€17,775
down €17,775 (-24.0%), from €73,955 to €56,180
- Tax, wage and social debts -€12,513
down €12,513 (-75.1%), from €16,663 to €4,150
of which Taxes: -€13,513
- Current portion of long-term debt +€7,482
new in 2025: €7,482
- Gross operating margin -€8,456
down €8,456 (-9.5%), from €88,682 to €80,227
- Financial charges +€5,007
up €5,007 (+209%), from €2,397 to €7,404
- Taxes -€3,283
down €3,283 (-21.9%), from €14,983 to €11,700
- Write-downs +€2,370
new in 2025: €2,370
- Depreciation +€2,320
up €2,320 (+15.9%), from €14,629 to €16,949
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,004 | €247,437 | +€34,432 | +16.2% |
| Fixed assets | 21/28 | €87,816 | €128,364 | +€40,549 | +46.2% |
| Intangible fixed assets | 21 | €84,447 | €72,584 | -€11,863 | -14.0% |
| Tangible fixed assets | 22/27 | €2,694 | €53,776 | +€51,081 | +1,896% |
| Plant, machinery and equipment | 23 | €2,083 | €26,646 | +€24,563 | +1,179% |
| Furniture and vehicles | 24 | €611 | €27,130 | +€26,519 | +4,338% |
| Financial fixed assets | 28 | €675 | €2,005 | +€1,330 | +197% |
| Current assets | 29/58 | €125,189 | €119,072 | -€6,116 | -4.9% |
| Stocks and contracts in progress | 3 | €3,044 | €238 | -€2,806 | -92.2% |
| Stocks | 30/36 | €3,044 | €238 | -€2,806 | -92.2% |
| Amounts receivable within one year | 40/41 | €65,855 | €78,079 | +€12,224 | +18.6% |
| Trade receivables | 40 | €60,162 | €59,061 | -€1,101 | -1.8% |
| Other amounts receivable | 41 | €5,693 | €19,018 | +€13,325 | +234% |
| Cash at bank and in hand | 54/58 | €53,822 | €38,827 | -€14,994 | -27.9% |
| Deferred charges and accrued income | 490/1 | €2,468 | €1,928 | -€540 | -21.9% |
| Total equity and liabilities | 10/49 | €213,004 | €247,437 | +€34,432 | +16.2% |
| Equity | 10/15 | €90,359 | €92,371 | +€2,012 | +2.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,000 | €63,000 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,359 | €27,371 | +€2,012 | +7.9% |
| Amounts payable | 17/49 | €122,646 | €155,066 | +€32,420 | +26.4% |
| Amounts payable after more than one year | 17 | - | €27,152 | +€27,152 | |
| Financial debts | 170/4 | - | €27,152 | +€27,152 | |
| Amounts payable within one year | 42/48 | €120,972 | €126,318 | +€5,346 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,482 | +€7,482 | |
| Trade debts | 44 | €26,083 | €58,506 | +€32,423 | +124% |
| Suppliers | 440/4 | €26,083 | €58,506 | +€32,423 | +124% |
| Advances received on contracts in progress | 46 | €4,271 | - | -€4,271 | |
| Taxes, remuneration and social security | 45 | €16,663 | €4,150 | -€12,513 | -75.1% |
| Taxes | 450/3 | €16,663 | €3,150 | -€13,513 | -81.1% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €73,955 | €56,180 | -€17,775 | -24.0% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,596 | -€78 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,629 | €16,949 | +€2,320 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,370 | +€2,370 | |
| Other operating charges | 640/8 | €2,365 | €3,206 | +€841 | +35.6% |
| Gross operating margin | 9900 | €88,682 | €80,227 | -€8,456 | -9.5% |
| Operating profit (loss) | 9901 | €71,689 | €57,702 | -€13,988 | -19.5% |
| Financial charges | 65/66B | €2,397 | €7,404 | +€5,007 | +209% |
| Recurring financial charges | 65 | €2,397 | €7,404 | +€5,007 | +209% |
| Profit (loss) for the period before taxes | 9903 | €69,292 | €50,298 | -€18,994 | -27.4% |
| Income taxes | 67/77 | €14,983 | €11,700 | -€3,283 | -21.9% |
| Profit (loss) for the period | 9904 | €54,309 | €38,598 | -€15,711 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,309 | €38,598 | -€15,711 | -28.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.