HYDROTECH: 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.
HYDROTECH
Largest movements
- Receivables within one year +€282,705
up €282,705 (+67.4%), from €419,419 to €702,124
of which Trade receivables: +€247,268
- Tangible fixed assets +€23,936
up €23,936 (+24.7%), from €96,858 to €120,794
of which Furniture and vehicles: +€39,543
- Trade debts +€337,527
up €337,527 (+691%), from €48,842 to €386,369
- Tax, wage and social debts +€68,633
up €68,633 (+296%), from €23,156 to €91,789
of which Taxes: +€62,711
- Accrued charges and deferred income -€51,009
down €51,009 (-87.9%), from €58,052 to €7,043
- Other debts -€39,984
down €39,984 (-23.5%), from €170,000 to €130,016
- Gross operating margin -€101,593
down €101,593 (-23.7%), from €428,033 to €326,440
- Taxes -€37,180
down €37,180 (-41.9%), from €88,808 to €51,628
- Staff costs +€16,914
up €16,914 (+13.7%), from €123,794 to €140,708
- Depreciation +€9,934
up €9,934 (+34.6%), from €28,725 to €38,659
- Financial income +€9,350
up €9,350 (+65.8%), from €14,200 to €23,550
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.
Derived cash bridge
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 | €1,730,163 | €2,027,964 | +€297,801 | +17.2% |
| Fixed assets | 21/28 | €96,858 | €120,794 | +€23,936 | +24.7% |
| Tangible fixed assets | 22/27 | €96,858 | €120,794 | +€23,936 | +24.7% |
| Land and buildings | 22 | €56,939 | €44,653 | -€12,286 | -21.6% |
| Plant, machinery and equipment | 23 | €12,121 | €8,800 | -€3,321 | -27.4% |
| Furniture and vehicles | 24 | €27,798 | €67,341 | +€39,543 | +142% |
| Current assets | 29/58 | €1,633,305 | €1,907,170 | +€273,865 | +16.8% |
| Stocks and contracts in progress | 3 | €109,466 | €113,092 | +€3,626 | +3.3% |
| Stocks | 30/36 | €109,466 | €113,092 | +€3,626 | +3.3% |
| Amounts receivable within one year | 40/41 | €419,419 | €702,124 | +€282,705 | +67.4% |
| Trade receivables | 40 | €419,419 | €666,687 | +€247,268 | +59.0% |
| Other amounts receivable | 41 | - | €35,437 | +€35,437 | |
| Current investments | 50/53 | €750,000 | €750,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €351,312 | €339,221 | -€12,091 | -3.4% |
| Deferred charges and accrued income | 490/1 | €3,108 | €2,733 | -€375 | -12.1% |
| Total equity and liabilities | 10/49 | €1,730,163 | €2,027,964 | +€297,801 | +17.2% |
| Equity | 10/15 | €1,430,113 | €1,412,747 | -€17,366 | -1.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €939,400 | €922,034 | -€17,366 | -1.8% |
| Distributable reserves | 133 | €939,400 | €922,034 | -€17,366 | -1.8% |
| Profit (loss) carried forward | 14 | €465,924 | €465,924 | = | 0.0% |
| Amounts payable | 17/49 | €300,050 | €615,217 | +€315,167 | +105% |
| Amounts payable within one year | 42/48 | €241,998 | €608,174 | +€366,176 | +151% |
| Trade debts | 44 | €48,842 | €386,369 | +€337,527 | +691% |
| Suppliers | 440/4 | €48,842 | €386,369 | +€337,527 | +691% |
| Taxes, remuneration and social security | 45 | €23,156 | €91,789 | +€68,633 | +296% |
| Taxes | 450/3 | €13,227 | €75,938 | +€62,711 | +474% |
| Remuneration and social security | 454/9 | €9,929 | €15,851 | +€5,922 | +59.6% |
| Other amounts payable | 47/48 | €170,000 | €130,016 | -€39,984 | -23.5% |
| Accrued charges and deferred income | 492/3 | €58,052 | €7,043 | -€51,009 | -87.9% |
| Non-recurring operating income | 76A | €8,719 | €8,750 | +€31 | +0.4% |
| Remuneration, social security and pensions | 62 | €123,794 | €140,708 | +€16,914 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,725 | €38,659 | +€9,934 | +34.6% |
| Other operating charges | 640/8 | €3,216 | €3,408 | +€192 | +6.0% |
| Non-recurring operating charges | 66A | €788 | €2,480 | +€1,692 | +215% |
| Gross operating margin | 9900 | €428,033 | €326,440 | -€101,593 | -23.7% |
| Operating profit (loss) | 9901 | €271,510 | €141,185 | -€130,325 | -48.0% |
| Financial income | 75/76B | €14,200 | €23,550 | +€9,350 | +65.8% |
| Recurring financial income | 75 | €14,200 | €23,550 | +€9,350 | +65.8% |
| Financial charges | 65/66B | €196 | €473 | +€277 | +141% |
| Recurring financial charges | 65 | €196 | €473 | +€277 | +141% |
| Profit (loss) for the period before taxes | 9903 | €285,514 | €164,262 | -€121,252 | -42.5% |
| Income taxes | 67/77 | €88,808 | €51,628 | -€37,180 | -41.9% |
| Profit (loss) for the period | 9904 | €196,706 | €112,634 | -€84,072 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,706 | €112,634 | -€84,072 | -42.7% |
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 15 October 2026 via checked.be.