HYDROSOUD: 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.
HYDROSOUD
Largest movements
- Stocks and contracts +€116,470
up €116,470 (+30.2%), from €385,494 to €501,964
of which Stocks: +€116,470
- Receivables within one year +€94,559
up €94,559 (+71.4%), from €132,466 to €227,025
of which Trade receivables: +€94,559
- Tangible fixed assets -€77,187
down €77,187 (-8.5%), from €911,414 to €834,227
- Cash -€51,877
down €51,877 (-97.6%), from €53,169 to €1,292
mainly Stocks and contracts (-€116,470) and Receivables within one year (-€94,559)
- Trade debts +€110,434
up €110,434 (+36.0%), from €307,165 to €417,600
- Debts after one year -€82,603
down €82,603 (-11.5%), from €718,714 to €636,111
- Current portion of long-term debt +€43,924
up €43,924 (+41.5%), from €105,730 to €149,654
- Reserves +€20,885
up €20,885 (+123.9%), from €16,858 to €37,743
of which Distributable reserves: +€20,885
- Gross operating margin +€90,616
up €90,616 (+58.7%), from €154,308 to €244,924
- Staff costs -€65,896
down €65,896 (-43.8%), from €150,601 to €84,704
- Depreciation -€10,148
down €10,148 (-10.1%), from €100,068 to €89,920
- Taxes -€4,547
down €4,547 (-85.2%), from €5,338 to €791
- Financial charges -€3,033
down €3,033 (-8.0%), from €38,062 to €35,030
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 | €1,493,624 | €1,574,592 | +€80,968 | +5.4% |
| Fixed assets | 21/28 | €911,414 | €834,227 | -€77,187 | -8.5% |
| Tangible fixed assets | 22/27 | €911,414 | €834,227 | -€77,187 | -8.5% |
| Land and buildings | 22 | €723,910 | €690,484 | -€33,426 | -4.6% |
| Plant, machinery and equipment | 23 | €150,716 | €120,015 | -€30,701 | -20.4% |
| Furniture and vehicles | 24 | €36,788 | €23,727 | -€13,060 | -35.5% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €582,211 | €740,365 | +€158,155 | +27.2% |
| Stocks and contracts in progress | 3 | €385,494 | €501,964 | +€116,470 | +30.2% |
| Stocks | 30/36 | €385,494 | €501,964 | +€116,470 | +30.2% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €132,466 | €227,025 | +€94,559 | +71.4% |
| Trade receivables | 40 | €132,466 | €227,025 | +€94,559 | +71.4% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €53,169 | €1,292 | -€51,877 | -97.6% |
| Deferred charges and accrued income | 490/1 | €11,082 | €10,084 | -€998 | -9.0% |
| Total equity and liabilities | 10/49 | €1,493,624 | €1,574,592 | +€80,968 | +5.4% |
| Equity | 10/15 | €46,354 | €66,645 | +€20,291 | +43.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €16,858 | €37,743 | +€20,885 | +123.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,858 | €37,743 | +€20,885 | +123.9% |
| Investment grants | 15 | €9,036 | €8,442 | -€594 | -6.6% |
| Amounts payable | 17/49 | €1,447,271 | €1,507,947 | +€60,676 | +4.2% |
| Amounts payable after more than one year | 17 | €718,714 | €636,111 | -€82,603 | -11.5% |
| Financial debts | 170/4 | €718,714 | €636,111 | -€82,603 | -11.5% |
| Amounts payable within one year | 42/48 | €728,557 | €871,836 | +€143,279 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €105,730 | €149,654 | +€43,924 | +41.5% |
| Financial debts | 43 | €125,410 | €125,961 | +€551 | +0.4% |
| Credit institutions | 430/8 | €125,410 | €125,961 | +€551 | +0.4% |
| Trade debts | 44 | €307,165 | €417,600 | +€110,434 | +36.0% |
| Suppliers | 440/4 | €307,165 | €417,600 | +€110,434 | +36.0% |
| Taxes, remuneration and social security | 45 | €79,029 | €66,734 | -€12,295 | -15.6% |
| Taxes | 450/3 | €58,171 | €47,213 | -€10,959 | -18.8% |
| Remuneration and social security | 454/9 | €20,858 | €19,522 | -€1,336 | -6.4% |
| Other amounts payable | 47/48 | €111,222 | €111,887 | +€665 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €150,601 | €84,704 | -€65,896 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,068 | €89,920 | -€10,148 | -10.1% |
| Other operating charges | 640/8 | €12,152 | €14,206 | +€2,055 | +16.9% |
| Non-recurring operating charges | 66A | €1,815 | - | -€1,815 | |
| Gross operating margin | 9900 | €154,308 | €244,924 | +€90,616 | +58.7% |
| Operating profit (loss) | 9901 | -€110,327 | €56,094 | +€166,421 | |
| Financial income | 75/76B | €3,450 | €612 | -€2,837 | -82.2% |
| Recurring financial income | 75 | €3,450 | €612 | -€2,837 | -82.2% |
| Financial charges | 65/66B | €38,062 | €35,030 | -€3,033 | -8.0% |
| Recurring financial charges | 65 | €38,062 | €35,030 | -€3,033 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€144,940 | €21,676 | +€166,616 | |
| Income taxes | 67/77 | €5,338 | €791 | -€4,547 | -85.2% |
| Profit (loss) for the period | 9904 | -€150,278 | €20,885 | +€171,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€150,278 | €20,885 | +€171,163 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.