JLA Hydro: 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.
JLA Hydro
Largest movements
- Cash -€48,892
down €48,892 (-48.4%), from €100,999 to €52,107
mainly Accrued charges and deferred income (-€117,771) and Stocks and contracts (-€32,048)
- Stocks and contracts +€32,048
up €32,048 (+113.5%), from €28,232 to €60,280
- Receivables within one year +€21,690
up €21,690 (+22.3%), from €97,473 to €119,163
of which Trade receivables: +€18,862
- Intangible fixed assets -€6,247
down €6,247 (-18.1%), from €34,531 to €28,284
- Tangible fixed assets -€4,253
down €4,253 (-14.6%), from €29,144 to €24,891
of which Plant, machinery and equipment: -€5,910
- Accrued charges and deferred income -€117,771
down €117,771 (-45.9%), from €256,365 to €138,594
- Short-term financial debts +€100,000
new in 2025: €100,000
- Trade debts +€34,101
up €34,101 (+82.6%), from €41,308 to €75,409
- Current portion of long-term debt -€15,701
down €15,701 (-79.9%), from €19,653 to €3,952
- Profit (loss) carried forward +€5,951
up €5,951 (+23.8%), from -€24,969 to -€19,017
- Gross operating margin +€64,534
up €64,534 (+67.1%), from €96,218 to €160,752
- Staff costs +€10,083
up €10,083 (+8.4%), from €119,840 to €129,924
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 | €405,543 | €403,733 | -€1,811 | -0.4% |
| Fixed assets | 21/28 | €175,487 | €164,987 | -€10,500 | -6.0% |
| Intangible fixed assets | 21 | €34,531 | €28,284 | -€6,247 | -18.1% |
| Tangible fixed assets | 22/27 | €29,144 | €24,891 | -€4,253 | -14.6% |
| Plant, machinery and equipment | 23 | €12,704 | €6,795 | -€5,910 | -46.5% |
| Furniture and vehicles | 24 | €2,457 | €6,317 | +€3,860 | +157.1% |
| Other tangible fixed assets | 26 | €13,983 | €11,779 | -€2,204 | -15.8% |
| Financial fixed assets | 28 | €111,813 | €111,813 | = | 0.0% |
| Current assets | 29/58 | €230,057 | €238,746 | +€8,690 | +3.8% |
| Stocks and contracts in progress | 3 | €28,232 | €60,280 | +€32,048 | +113.5% |
| Stocks | 30/36 | €28,232 | €60,280 | +€32,048 | +113.5% |
| Amounts receivable within one year | 40/41 | €97,473 | €119,163 | +€21,690 | +22.3% |
| Trade receivables | 40 | €97,473 | €116,335 | +€18,862 | +19.4% |
| Other amounts receivable | 41 | - | €2,828 | +€2,828 | |
| Cash at bank and in hand | 54/58 | €100,999 | €52,107 | -€48,892 | -48.4% |
| Deferred charges and accrued income | 490/1 | €3,352 | €7,196 | +€3,844 | +114.7% |
| Total equity and liabilities | 10/49 | €405,543 | €403,733 | -€1,811 | -0.4% |
| Equity | 10/15 | €60,556 | €66,508 | +€5,951 | +9.8% |
| Contributions | 10/11 | €85,525 | €85,525 | = | 0.0% |
| Contributions outside capital | 11 | €85,525 | €85,525 | = | 0.0% |
| Other | 1109/19 | €85,525 | €85,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,969 | -€19,017 | +€5,951 | +23.8% |
| Amounts payable | 17/49 | €344,987 | €337,225 | -€7,762 | -2.2% |
| Amounts payable after more than one year | 17 | €9,454 | €5,500 | -€3,954 | -41.8% |
| Financial debts | 170/4 | €9,454 | €5,500 | -€3,954 | -41.8% |
| Amounts payable within one year | 42/48 | €79,168 | €193,131 | +€113,963 | +144.0% |
| Current portion of amounts payable after more than one year | 42 | €19,653 | €3,952 | -€15,701 | -79.9% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €41,308 | €75,409 | +€34,101 | +82.6% |
| Suppliers | 440/4 | €41,308 | €75,409 | +€34,101 | +82.6% |
| Taxes, remuneration and social security | 45 | €18,207 | €13,770 | -€4,437 | -24.4% |
| Taxes | 450/3 | €5,315 | €935 | -€4,379 | -82.4% |
| Remuneration and social security | 454/9 | €12,893 | €12,834 | -€58 | -0.5% |
| Accrued charges and deferred income | 492/3 | €256,365 | €138,594 | -€117,771 | -45.9% |
| Non-recurring operating income | 76A | €948 | - | -€948 | |
| Remuneration, social security and pensions | 62 | €119,840 | €129,924 | +€10,083 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,521 | €17,265 | +€744 | +4.5% |
| Other operating charges | 640/8 | €611 | €637 | +€25 | +4.1% |
| Gross operating margin | 9900 | €96,218 | €160,752 | +€64,534 | +67.1% |
| Operating profit (loss) | 9901 | -€40,754 | €12,927 | +€53,681 | |
| Financial income | 75/76B | €1,173 | €257 | -€916 | -78.1% |
| Recurring financial income | 75 | €1,173 | €257 | -€916 | -78.1% |
| Financial charges | 65/66B | €8,213 | €6,921 | -€1,292 | -15.7% |
| Recurring financial charges | 65 | €8,213 | €6,921 | -€1,292 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,793 | €6,264 | +€54,057 | |
| Income taxes | 67/77 | €475 | €312 | -€163 | -34.2% |
| Profit (loss) for the period | 9904 | -€48,269 | €5,951 | +€54,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,269 | €5,951 | +€54,220 |
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 10 October 2026 via checked.be.