Hyoffwind Infrastructure: 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.
Hyoffwind Infrastructure
Largest movements
- Tangible fixed assets +€25.8m
up €25.8m (+74.6%), from €34.6m to €60.5m
- Current investments -€12.0m
no longer reported in 2025 (was €12.0m)
- Receivables within one year -€7.4m
down €7.4m (-32.9%), from €22.5m to €15.1m
of which Other amounts receivable: -€7.5m
- Cash +€4.3m
up €4.3m (+81.6%), from €5.2m to €9.5m
mainly Contributions, distributions and other (+€16.3m) and Current investments (+€12.0m)
- Contributions +€16.3m
up €16.3m (+42.3%), from €38.5m to €54.7m
- Trade debts -€5.0m
down €5.0m (-78.8%), from €6.4m to €1.4m
- Gross operating margin -€226,476
down €226,476 (-49.6%), from -€456,206 to -€682,682
- Financial income +€35,867
up €35,867 (+22.3%), from €161,079 to €196,946
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 | €74,411,778 | €85,136,487 | +€10.7m | +14.4% |
| Fixed assets | 21/28 | €34,631,521 | €60,466,404 | +€25.8m | +74.6% |
| Intangible fixed assets | 21 | - | €12,783 | +€12,783 | |
| Tangible fixed assets | 22/27 | €34,631,521 | €60,453,620 | +€25.8m | +74.6% |
| Assets under construction and advance payments | 27 | €34,631,521 | €60,453,620 | +€25.8m | +74.6% |
| Current assets | 29/58 | €39,780,257 | €24,670,084 | -€15.1m | -38.0% |
| Amounts receivable within one year | 40/41 | €22,504,212 | €15,100,060 | -€7.4m | -32.9% |
| Trade receivables | 40 | - | €105,704 | +€105,704 | |
| Other amounts receivable | 41 | €22,504,212 | €14,994,356 | -€7.5m | -33.4% |
| Current investments | 50/53 | €12,000,000 | - | -€12.0m | |
| Cash at bank and in hand | 54/58 | €5,223,310 | €9,482,954 | +€4.3m | +81.6% |
| Deferred charges and accrued income | 490/1 | €52,735 | €87,070 | +€34,335 | +65.1% |
| Total equity and liabilities | 10/49 | €74,411,778 | €85,136,487 | +€10.7m | +14.4% |
| Equity | 10/15 | €68,028,034 | €83,783,757 | +€15.8m | +23.2% |
| Contributions | 10/11 | €38,461,500 | €54,711,500 | +€16.3m | +42.3% |
| Capital | 10 | €38,461,500 | €54,711,500 | +€16.3m | +42.3% |
| Issued capital | 100 | €45,961,500 | €59,961,500 | +€14.0m | +30.5% |
| Uncalled capital | 101 | €7,500,000 | €5,250,000 | -€2.3m | -30.0% |
| Profit (loss) carried forward | 14 | -€433,466 | -€927,743 | -€494,277 | -114% |
| Investment grants | 15 | €30,000,000 | €30,000,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,383,743 | €1,352,730 | -€5.0m | -78.8% |
| Amounts payable within one year | 42/48 | €6,382,437 | €1,352,730 | -€5.0m | -78.8% |
| Trade debts | 44 | €6,376,089 | €1,352,136 | -€5.0m | -78.8% |
| Suppliers | 440/4 | €6,376,089 | €1,352,136 | -€5.0m | -78.8% |
| Advances received on contracts in progress | 46 | €6,347 | €594 | -€5,753 | -90.6% |
| Accrued charges and deferred income | 492/3 | €1,307 | - | -€1,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,732 | +€3,732 | |
| Other operating charges | 640/8 | €1,568 | €150 | -€1,418 | -90.4% |
| Gross operating margin | 9900 | -€456,206 | -€682,682 | -€226,476 | -49.6% |
| Operating profit (loss) | 9901 | -€457,774 | -€686,564 | -€228,790 | -50.0% |
| Financial income | 75/76B | €161,079 | €196,946 | +€35,867 | +22.3% |
| Recurring financial income | 75 | €161,079 | €196,946 | +€35,867 | +22.3% |
| Financial charges | 65/66B | €2,611 | €5,966 | +€3,355 | +128% |
| Recurring financial charges | 65 | €2,611 | €5,966 | +€3,355 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€299,306 | -€495,584 | -€196,278 | -65.6% |
| Income taxes | 67/77 | €1,307 | -€1,307 | -€2,614 | |
| Profit (loss) for the period | 9904 | -€300,613 | -€494,277 | -€193,664 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,613 | -€494,277 | -€193,664 | -64.4% |
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.