HYDROWIND: 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.
HYDROWIND
Largest movements
- Cash +€194,755
up €194,755 (+346%), from €56,282 to €251,036
mainly Other debts (+€251,046) and Current investments (+€125,000)
- Current investments -€125,000
down €125,000 (-100%), from €125,000 to €0
- Tangible fixed assets -€51,083
down €51,083 (-14.6%), from €349,864 to €298,781
of which Furniture and vehicles: -€32,571
- Other debts +€251,046
up €251,046 (+368%), from €68,250 to €319,297
- Reserves -€215,178
down €215,178 (-41.9%), from €513,239 to €298,061
- Debts after one year -€23,709
down €23,709 (-55.1%), from €43,000 to €19,291
- Tax, wage and social debts +€22,671
up €22,671 (+750%), from €3,021 to €25,692
- Trade debts -€16,390
down €16,390 (-99.6%), from €16,459 to €69
- Depreciation -€17,130
down €17,130 (-24.4%), from €70,206 to €53,076
- Taxes +€11,443
up €11,443 (+30.5%), from €37,576 to €49,020
- Financial income -€3,424
down €3,424 (-78.8%), from €4,343 to €919
- Financial charges -€3,239
down €3,239 (-42.5%), from €7,616 to €4,377
of which Financial charges: -€3,239
- Gross operating margin +€3,068
up €3,068 (+1.5%), from €199,157 to €202,224
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 | €678,607 | €695,205 | +€16,598 | +2.4% |
| Fixed assets | 21/28 | €349,864 | €298,781 | -€51,083 | -14.6% |
| Tangible fixed assets | 22/27 | €349,864 | €298,781 | -€51,083 | -14.6% |
| Land and buildings | 22 | €208,970 | €199,728 | -€9,242 | -4.4% |
| Plant, machinery and equipment | 23 | €13,942 | €4,672 | -€9,270 | -66.5% |
| Furniture and vehicles | 24 | €126,952 | €94,381 | -€32,571 | -25.7% |
| Current assets | 29/58 | €328,743 | €396,424 | +€67,681 | +20.6% |
| Stocks and contracts in progress | 3 | €20,205 | €13,517 | -€6,687 | -33.1% |
| Stocks | 30/36 | €20,205 | €13,517 | -€6,687 | -33.1% |
| Amounts receivable within one year | 40/41 | €126,126 | €130,697 | +€4,571 | +3.6% |
| Trade receivables | 40 | €117,641 | €130,697 | +€13,056 | +11.1% |
| Other amounts receivable | 41 | €8,485 | €0 | -€8,485 | -100% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100% |
| Cash at bank and in hand | 54/58 | €56,282 | €251,036 | +€194,755 | +346% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,173 | +€42 | +3.8% |
| Total equity and liabilities | 10/49 | €678,607 | €695,205 | +€16,598 | +2.4% |
| Equity | 10/15 | €520,739 | €305,561 | -€215,178 | -41.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €513,239 | €298,061 | -€215,178 | -41.9% |
| Distributable reserves | 133 | €513,239 | €298,061 | -€215,178 | -41.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,868 | €389,644 | +€231,776 | +147% |
| Amounts payable after more than one year | 17 | €43,000 | €19,291 | -€23,709 | -55.1% |
| Financial debts | 170/4 | €43,000 | €19,291 | -€23,709 | -55.1% |
| Amounts payable within one year | 42/48 | €110,526 | €368,767 | +€258,241 | +234% |
| Current portion of amounts payable after more than one year | 42 | €22,795 | €23,709 | +€914 | +4.0% |
| Trade debts | 44 | €16,459 | €69 | -€16,390 | -99.6% |
| Suppliers | 440/4 | €16,459 | €69 | -€16,390 | -99.6% |
| Taxes, remuneration and social security | 45 | €3,021 | €25,692 | +€22,671 | +750% |
| Taxes | 450/3 | €3,021 | €25,692 | +€22,671 | +750% |
| Other amounts payable | 47/48 | €68,250 | €319,297 | +€251,046 | +368% |
| Accrued charges and deferred income | 492/3 | €4,342 | €1,585 | -€2,756 | -63.5% |
| Non-recurring operating income | 76A | €6,464 | €413 | -€6,050 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,206 | €53,076 | -€17,130 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€600 | -€600 | |
| Other operating charges | 640/8 | €5,217 | €6,244 | +€1,028 | +19.7% |
| Gross operating margin | 9900 | €199,157 | €202,224 | +€3,068 | +1.5% |
| Operating profit (loss) | 9901 | €123,734 | €143,504 | +€19,770 | +16.0% |
| Financial income | 75/76B | €4,343 | €919 | -€3,424 | -78.8% |
| Recurring financial income | 75 | €4,343 | €919 | -€3,424 | -78.8% |
| Financial charges | 65/66B | €7,616 | €4,377 | -€3,239 | -42.5% |
| Recurring financial charges | 65 | €7,616 | €4,377 | -€3,239 | -42.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €120,461 | €140,046 | +€19,584 | +16.3% |
| Income taxes | 67/77 | €37,576 | €49,020 | +€11,443 | +30.5% |
| Profit (loss) for the period | 9904 | €82,885 | €91,026 | +€8,141 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,885 | €91,026 | +€8,141 | +9.8% |
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 19 October 2026 via checked.be.