HYGEA: 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.
What changed
HYGEA
NACE 38.330, Waste collection, recovery and disposal activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2.2m
2023 · €3.0m-€732,604
Equity
€17.1m
2023 · €15.7m+€1.4m
Cash
€15.2m
2023 · €9.1m+€6.1m
Balance sheet total
€59.4m
2023 · €63.0m-€3.6m
Largest movements
Assets
- Cash +€6.1m
up €6.1m (+67.7%), from €9.1m to €15.2m
mainly Current investments (+€5.0m) and Receivables within one year (+€3.7m)
- Current investments -€5.0m
no longer reported in 2024 (was €5.0m)
- Receivables within one year -€3.7m
down €3.7m (-35.8%), from €10.4m to €6.7m
of which Trade receivables: -€4.6m
- Receivables after one year -€1.3m
down €1.3m (-64.8%), from €2.0m to €697,383
- Deferred charges and accrued income +€699,882
up €699,882 (+84.0%), from €833,496 to €1.5m
Equity and liabilities
- Other debts -€4.0m
down €4.0m (-16.2%), from €24.9m to €20.8m
- Reserves +€2.2m
up €2.2m (+84.3%), from €2.7m to €4.9m
of which Distributable reserves: +€2.2m
- Debts after one year -€1.3m
down €1.3m (-13.6%), from €9.4m to €8.1m
of which Financial debts: -€1.3m
- Accrued charges and deferred income -€1.0m
down €1.0m (-59.1%), from €1.8m to €716,368
- Trade debts +€990,929
up €990,929 (+27.4%), from €3.6m to €4.6m
Income statement
- Other operating income +€3.2m
up €3.2m (+9.3%), from €34.0m to €37.2m
- Services and other goods +€1.6m
up €1.6m (+6.3%), from €25.1m to €26.7m
- Staff costs +€1.4m
up €1.4m (+5.7%), from €24.4m to €25.8m
- Financial income +€266,263
up €266,263 (+24.3%), from €1.1m to €1.4m
From the 2023 result to the 2024 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.
Result 2023
€3.0m
Turnover
+€209,601
Other operating income
+€3.2m
Goods and materials
-€65,847
Services and other goods
-€1.6m
Staff costs
-€1.4m
Depreciation
-€194,430
Write-downs
+€26,241
Provisions
+€183,295
Other operating charges
-€32,326
Other operating items
-€1.2m
Financial income
+€266,263
Financial charges
-€67,056
Taxes
-€2,275
Result 2024
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.9m
Investment
+€1.7m
Financing
-€2.5m
Cash 2023
€9.1m
From operations (derived)
+€6.9m
Net result for the year
+€2.2m
Depreciation
+€3.7m
Receivables after one year
+€1.3m
Stocks and contracts
+€35,758
Receivables within one year
+€3.7m
Deferred charges and accrued income
-€699,882
Provisions
-€156,938
Trade debts
+€990,929
Tax, wage and social debts
+€919,255
Other debts
-€4.0m
Accrued charges and deferred income
-€1.0m
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€3.3m
Current investments
+€5.0m
Financing
-€2.5m
Debts after one year
-€1.3m
Current portion of long-term debt
-€353,400
Contributions, distributions and other
-€843,889
Cash 2024
€15.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,981,959 | €59,430,792 | -€3.6m | -5.6% |
| Fixed assets | 21/28 | €35,430,359 | €35,097,953 | -€332,406 | -0.9% |
| Tangible fixed assets | 22/27 | €26,383,900 | €26,591,875 | +€207,975 | +0.8% |
| Land and buildings | 22 | €7,714,970 | €6,903,850 | -€811,120 | -10.5% |
| Plant, machinery and equipment | 23 | €12,390,148 | €12,194,874 | -€195,274 | -1.6% |
| Furniture and vehicles | 24 | €5,774,406 | €6,792,321 | +€1.0m | +17.6% |
| Other tangible fixed assets | 26 | €10,818 | €10,818 | = | 0.0% |
| Assets under construction and advance payments | 27 | €493,559 | €690,013 | +€196,454 | +39.8% |
| Financial fixed assets | 28 | €9,046,459 | €8,506,078 | -€540,380 | -6.0% |
| Companies linked by participating interests | 282/3 | €8,839,879 | €8,299,499 | -€540,380 | -6.1% |
| Participating interests | 282 | €6,731,548 | €6,731,548 | = | 0.0% |
| Amounts receivable | 283 | €2,108,331 | €1,567,951 | -€540,380 | -25.6% |
| Other financial fixed assets | 284/8 | €206,580 | €206,580 | = | 0.0% |
| Shares | 284 | €206,480 | €206,480 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €27,551,600 | €24,332,839 | -€3.2m | -11.7% |
| Amounts receivable after more than one year | 29 | €1,982,466 | €697,383 | -€1.3m | -64.8% |
| Trade receivables | 290 | €1,982,466 | €697,383 | -€1.3m | -64.8% |
| Stocks and contracts in progress | 3 | €267,838 | €232,080 | -€35,758 | -13.4% |
| Stocks | 30/36 | €267,838 | €232,080 | -€35,758 | -13.4% |
| Goods purchased for resale | 34 | €267,838 | €232,080 | -€35,758 | -13.4% |
| Amounts receivable within one year | 40/41 | €10,406,314 | €6,677,121 | -€3.7m | -35.8% |
| Trade receivables | 40 | €8,567,769 | €3,918,185 | -€4.6m | -54.3% |
| Other amounts receivable | 41 | €1,838,545 | €2,758,935 | +€920,390 | +50.1% |
| Current investments | 50/53 | €5,000,000 | - | -€5.0m | |
| Other investments | 51/53 | €5,000,000 | - | -€5.0m | |
| Cash at bank and in hand | 54/58 | €9,061,486 | €15,192,878 | +€6.1m | +67.7% |
| Deferred charges and accrued income | 490/1 | €833,496 | €1,533,378 | +€699,882 | +84.0% |
| Total equity and liabilities | 10/49 | €62,981,959 | €59,430,792 | -€3.6m | -5.6% |
| Equity | 10/15 | €15,744,182 | €17,139,549 | +€1.4m | +8.9% |
| Contributions | 10/11 | €2,084,350 | €2,084,350 | = | 0.0% |
| Reserves | 13 | €2,657,461 | €4,896,717 | +€2.2m | +84.3% |
| Non-distributable reserves | 130/1 | €1,017,461 | €1,017,461 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,017,461 | €1,017,461 | = | 0.0% |
| Distributable reserves | 133 | €1,640,000 | €3,879,256 | +€2.2m | +137% |
| Profit (loss) carried forward | 14 | €3,141,207 | €3,141,207 | +€0 | 0.0% |
| Investment grants | 15 | €7,861,164 | €7,017,275 | -€843,889 | -10.7% |
| Provisions and deferred taxes | 16 | €2,198,590 | €2,041,652 | -€156,938 | -7.1% |
| Provisions for liabilities and charges | 160/5 | €2,198,590 | €2,041,652 | -€156,938 | -7.1% |
| Major repairs and maintenance | 162 | €2,198,590 | €2,041,652 | -€156,938 | -7.1% |
| Amounts payable | 17/49 | €45,039,187 | €40,249,591 | -€4.8m | -10.6% |
| Amounts payable after more than one year | 17 | €9,400,518 | €8,126,192 | -€1.3m | -13.6% |
| Financial debts | 170/4 | €9,388,324 | €8,113,998 | -€1.3m | -13.6% |
| Credit institutions | 173 | €9,388,324 | €8,113,998 | -€1.3m | -13.6% |
| Other amounts payable | 178/9 | €12,194 | €12,194 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,885,612 | €31,407,031 | -€2.5m | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €1,627,726 | €1,274,326 | -€353,400 | -21.7% |
| Trade debts | 44 | €3,622,725 | €4,613,653 | +€990,929 | +27.4% |
| Suppliers | 440/4 | €3,622,725 | €4,613,653 | +€990,929 | +27.4% |
| Taxes, remuneration and social security | 45 | €3,778,305 | €4,697,560 | +€919,255 | +24.3% |
| Taxes | 450/3 | €63,776 | €113,141 | +€49,365 | +77.4% |
| Remuneration and social security | 454/9 | €3,714,530 | €4,584,419 | +€869,890 | +23.4% |
| Other amounts payable | 47/48 | €24,856,856 | €20,821,491 | -€4.0m | -16.2% |
| Accrued charges and deferred income | 492/3 | €1,753,056 | €716,368 | -€1.0m | -59.1% |
| Operating income | 70/76A | €58,387,879 | €59,238,696 | +€850,817 | +1.5% |
| Turnover | 70 | €21,853,089 | €22,062,690 | +€209,601 | +1.0% |
| Other operating income | 74 | €34,016,227 | €37,176,005 | +€3.2m | +9.3% |
| Non-recurring operating income | 76A | €2,518,564 | - | -€2.5m | |
| Operating charges | 60/66A | €56,209,589 | €57,989,943 | +€1.8m | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €1,566,050 | €1,631,896 | +€65,847 | +4.2% |
| Purchases | 600/8 | €1,545,431 | €1,596,138 | +€50,707 | +3.3% |
| Change in stocks: decrease (increase) | 609 | €20,618 | €35,758 | +€15,140 | +73.4% |
| Services and other goods | 61 | €25,141,236 | €26,726,169 | +€1.6m | +6.3% |
| Remuneration, social security and pensions | 62 | €24,383,920 | €25,771,716 | +€1.4m | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474,235 | €3,668,665 | +€194,430 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,665 | €13,424 | -€26,241 | -66.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €26,357 | -€156,938 | -€183,295 | |
| Other operating charges | 640/8 | €204,713 | €237,039 | +€32,326 | +15.8% |
| Non-recurring operating charges | 66A | €1,373,415 | €97,972 | -€1.3m | -92.9% |
| Operating profit (loss) | 9901 | €2,178,290 | €1,248,753 | -€929,537 | -42.7% |
| Financial income | 75/76B | €1,097,421 | €1,363,684 | +€266,263 | +24.3% |
| Recurring financial income | 75 | €1,097,421 | €1,363,684 | +€266,263 | +24.3% |
| Income from financial fixed assets | 750 | €148,299 | €348,892 | +€200,593 | +135% |
| Income from current assets | 751 | €96,759 | €169,764 | +€73,005 | +75.5% |
| Other financial income | 752/9 | €852,363 | €845,028 | -€7,335 | -0.9% |
| Financial charges | 65/66B | €294,394 | €361,449 | +€67,056 | +22.8% |
| Recurring financial charges | 65 | €294,394 | €361,449 | +€67,056 | +22.8% |
| Debt charges | 650 | €289,481 | €354,667 | +€65,185 | +22.5% |
| Other financial charges | 652/9 | €4,912 | €6,782 | +€1,870 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €2,981,317 | €2,250,988 | -€730,329 | -24.5% |
| Income taxes | 67/77 | €9,457 | €11,732 | +€2,275 | +24.1% |
| Taxes | 670/3 | €13,026 | €11,732 | -€1,294 | -9.9% |
| Tax adjustments and reversals of tax provisions | 77 | €3,569 | - | -€3,569 | |
| Profit (loss) for the period | 9904 | €2,971,860 | €2,239,256 | -€732,604 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,971,860 | €2,239,256 | -€732,604 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.