Monceau 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.
Monceau Hydro
Largest movements
- Tangible fixed assets -€226,910
down €226,910 (-13.0%), from €1.7m to €1.5m
of which Plant, machinery and equipment: -€226,910
- Cash -€41,770
down €41,770 (-19.2%), from €217,139 to €175,369
mainly Debts after one year (-€170,244) and Net result for the year (-€46,611)
- Debts after one year -€170,244
down €170,244 (-11.8%), from €1.4m to €1.3m
- Profit (loss) carried forward -€46,611
down €46,611, from €43,618 to -€2,992
- Investment grants -€40,333
down €40,333 (-13.7%), from €295,261 to €254,928
- Gross operating margin -€78,918
down €78,918 (-28.0%), from €282,276 to €203,359
- Financial charges -€5,108
down €5,108 (-9.4%), from €54,220 to €49,112
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 | €2,236,268 | €1,948,423 | -€287,845 | -12.9% |
| Fixed assets | 21/28 | €1,742,998 | €1,516,087 | -€226,910 | -13.0% |
| Tangible fixed assets | 22/27 | €1,742,998 | €1,516,087 | -€226,910 | -13.0% |
| Land and buildings | 22 | €4,750 | €4,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,738,248 | €1,511,337 | -€226,910 | -13.1% |
| Current assets | 29/58 | €493,270 | €432,336 | -€60,934 | -12.4% |
| Stocks and contracts in progress | 3 | €27,066 | €27,066 | = | 0.0% |
| Stocks | 30/36 | €27,066 | €27,066 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,590 | €77,615 | -€19,975 | -20.5% |
| Trade receivables | 40 | €85,090 | €64,768 | -€20,323 | -23.9% |
| Other amounts receivable | 41 | €12,500 | €12,847 | +€347 | +2.8% |
| Current investments | 50/53 | €151,475 | €152,286 | +€811 | +0.5% |
| Cash at bank and in hand | 54/58 | €217,139 | €175,369 | -€41,770 | -19.2% |
| Total equity and liabilities | 10/49 | €2,236,268 | €1,948,423 | -€287,845 | -12.9% |
| Equity | 10/15 | €424,680 | €337,735 | -€86,944 | -20.5% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Contributions outside capital | 11 | €78,000 | €78,000 | = | 0.0% |
| Other | 1109/19 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €7,800 | €7,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,800 | €7,800 | = | 0.0% |
| Legal reserve | 130 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,618 | -€2,992 | -€46,611 | |
| Investment grants | 15 | €295,261 | €254,928 | -€40,333 | -13.7% |
| Provisions and deferred taxes | 16 | €126,260 | €126,260 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €126,260 | €126,260 | = | 0.0% |
| Major repairs and maintenance | 162 | €126,260 | €126,260 | = | 0.0% |
| Amounts payable | 17/49 | €1,685,328 | €1,484,428 | -€200,901 | -11.9% |
| Amounts payable after more than one year | 17 | €1,447,854 | €1,277,610 | -€170,244 | -11.8% |
| Financial debts | 170/4 | €1,447,854 | €1,277,610 | -€170,244 | -11.8% |
| Amounts payable within one year | 42/48 | €237,474 | €206,818 | -€30,657 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €166,831 | €170,244 | +€3,413 | +2.0% |
| Trade debts | 44 | €30,705 | €10,049 | -€20,656 | -67.3% |
| Suppliers | 440/4 | €30,705 | €10,049 | -€20,656 | -67.3% |
| Taxes, remuneration and social security | 45 | €5,659 | €205 | -€5,454 | -96.4% |
| Taxes | 450/3 | €5,659 | €205 | -€5,454 | -96.4% |
| Other amounts payable | 47/48 | €34,280 | €26,320 | -€7,960 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,251 | €241,409 | +€2,158 | +0.9% |
| Other operating charges | 640/8 | €1,474 | €1,517 | +€42 | +2.9% |
| Gross operating margin | 9900 | €282,276 | €203,359 | -€78,918 | -28.0% |
| Operating profit (loss) | 9901 | €41,551 | -€39,567 | -€81,118 | |
| Financial income | 75/76B | €41,388 | €41,686 | +€299 | +0.7% |
| Recurring financial income | 75 | €41,388 | €41,686 | +€299 | +0.7% |
| Financial charges | 65/66B | €54,220 | €49,112 | -€5,108 | -9.4% |
| Recurring financial charges | 65 | €54,220 | €49,112 | -€5,108 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €28,718 | -€46,993 | -€75,711 | |
| Income taxes | 67/77 | €316 | -€382 | -€698 | |
| Profit (loss) for the period | 9904 | €28,402 | -€46,611 | -€75,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,402 | -€46,611 | -€75,012 |
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 15 October 2026 via checked.be.