''HYDROTHAN'': 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.
''HYDROTHAN''
Largest movements
- Tangible fixed assets -€40,882
down €40,882 (-11.9%), from €343,633 to €302,751
of which Plant, machinery and equipment: -€20,581
- Current investments -€22,419
down €22,419 (-21.3%), from €105,051 to €82,632
- Cash -€14,266
down €14,266 (-59.4%), from €24,006 to €9,740
mainly Net result for the year (-€70,684) and Other debts (-€11,000)
- Reserves -€70,684
down €70,684 (-39.1%), from €180,685 to €110,001
of which Tax-exempt reserves: -€47,200
- Other debts -€11,000
down €11,000 (-4.1%), from €265,091 to €254,091
- Gross operating margin +€1,722
up €1,722 (+8.3%), from -€20,720 to -€18,998
- Depreciation -€690
down €690 (-1.7%), from €41,572 to €40,882
- Financial income +€417
up €417 (+227.8%), from €183 to €600
- Other operating charges +€416
up €416 (+3.9%), from €10,652 to €11,068
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 | €475,429 | €397,744 | -€77,684 | -16.3% |
| Fixed assets | 21/28 | €343,633 | €302,751 | -€40,882 | -11.9% |
| Tangible fixed assets | 22/27 | €343,633 | €302,751 | -€40,882 | -11.9% |
| Land and buildings | 22 | €282,409 | €262,108 | -€20,300 | -7.2% |
| Plant, machinery and equipment | 23 | €50,374 | €29,793 | -€20,581 | -40.9% |
| Furniture and vehicles | 24 | €10,850 | €10,850 | = | 0.0% |
| Current assets | 29/58 | €131,796 | €94,993 | -€36,802 | -27.9% |
| Amounts receivable within one year | 40/41 | €2,739 | €2,622 | -€117 | -4.3% |
| Trade receivables | 40 | €1,665 | €1,548 | -€117 | -7.0% |
| Other amounts receivable | 41 | €1,074 | €1,074 | = | 0.0% |
| Current investments | 50/53 | €105,051 | €82,632 | -€22,419 | -21.3% |
| Cash at bank and in hand | 54/58 | €24,006 | €9,740 | -€14,266 | -59.4% |
| Total equity and liabilities | 10/49 | €475,429 | €397,744 | -€77,684 | -16.3% |
| Equity | 10/15 | €199,285 | €128,601 | -€70,684 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,685 | €110,001 | -€70,684 | -39.1% |
| Tax-exempt reserves | 132 | €47,200 | - | -€47,200 | |
| Distributable reserves | 133 | €133,485 | €110,001 | -€23,484 | -17.6% |
| Amounts payable | 17/49 | €276,144 | €269,144 | -€7,000 | -2.5% |
| Amounts payable within one year | 42/48 | €276,144 | €269,144 | -€7,000 | -2.5% |
| Trade debts | 44 | €2,420 | €5,496 | +€3,076 | +127.1% |
| Suppliers | 440/4 | €2,420 | €5,496 | +€3,076 | +127.1% |
| Advances received on contracts in progress | 46 | €7,877 | €7,877 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €756 | €1,680 | +€924 | +122.3% |
| Taxes | 450/3 | €756 | €1,680 | +€924 | +122.3% |
| Other amounts payable | 47/48 | €265,091 | €254,091 | -€11,000 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,572 | €40,882 | -€690 | -1.7% |
| Other operating charges | 640/8 | €10,652 | €11,068 | +€416 | +3.9% |
| Gross operating margin | 9900 | -€20,720 | -€18,998 | +€1,722 | +8.3% |
| Operating profit (loss) | 9901 | -€72,944 | -€70,949 | +€1,995 | +2.7% |
| Financial income | 75/76B | €183 | €600 | +€417 | +227.8% |
| Recurring financial income | 75 | €183 | €600 | +€417 | +227.8% |
| Financial charges | 65/66B | €281 | €336 | +€54 | +19.3% |
| Recurring financial charges | 65 | €281 | €336 | +€54 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€73,042 | -€70,684 | +€2,358 | +3.2% |
| Profit (loss) for the period | 9904 | -€73,042 | -€70,684 | +€2,358 | +3.2% |
| Transfer from tax-exempt reserves | 789 | - | €47,200 | +€47,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,042 | -€23,484 | +€49,558 | +67.8% |
Source: filed annual accounts (NBB), fiscal years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.