NAESSENS HYDRAULICS: 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.
NAESSENS HYDRAULICS
Largest movements
- Tangible fixed assets +€443,994
up €443,994 (+28.9%), from €1.5m to €2.0m
of which Plant, machinery and equipment: +€494,401
- Deferred charges and accrued income -€279,373
down €279,373 (-92.8%), from €301,090 to €21,717
- Receivables within one year -€116,004
down €116,004 (-24.7%), from €469,209 to €353,205
of which Trade receivables: -€88,277
- Cash -€62,528
down €62,528 (-2.0%), from €3.1m to €3.1m
mainly Investment in fixed assets (net) (-€868,047) and Trade debts (-€559,435)
- Trade debts -€559,435
down €559,435 (-47.5%), from €1.2m to €618,023
- Profit (loss) carried forward +€474,113
up €474,113 (+14.2%), from €3.3m to €3.8m
- Other debts +€249,165
up €249,165 (+78.5%), from €317,499 to €566,665
- Tax, wage and social debts -€140,166
down €140,166 (-86.4%), from €162,303 to €22,137
of which Taxes: -€144,729
- Gross operating margin +€164,657
up €164,657 (+10.7%), from €1.5m to €1.7m
- Staff costs +€44,962
up €44,962 (+23.6%), from €190,329 to €235,291
- Taxes +€43,421
up €43,421 (+20.0%), from €217,518 to €260,939
- Depreciation +€38,274
up €38,274 (+9.9%), from €386,244 to €424,518
- Provisions -€26,892
down €26,892 (-95.8%), from €28,064 to €1,171
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 | €5,460,504 | €5,446,128 | -€14,376 | -0.3% |
| Fixed assets | 21/28 | €1,538,590 | €1,982,119 | +€443,529 | +28.8% |
| Tangible fixed assets | 22/27 | €1,538,125 | €1,982,119 | +€443,994 | +28.9% |
| Land and buildings | 22 | €117,883 | €104,785 | -€13,098 | -11.1% |
| Plant, machinery and equipment | 23 | €1,326,476 | €1,820,877 | +€494,401 | +37.3% |
| Furniture and vehicles | 24 | €93,766 | €56,458 | -€37,309 | -39.8% |
| Financial fixed assets | 28 | €465 | €0 | -€465 | -100% |
| Current assets | 29/58 | €3,921,914 | €3,464,009 | -€457,905 | -11.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €469,209 | €353,205 | -€116,004 | -24.7% |
| Trade receivables | 40 | €371,053 | €282,777 | -€88,277 | -23.8% |
| Other amounts receivable | 41 | €98,156 | €70,428 | -€27,728 | -28.2% |
| Cash at bank and in hand | 54/58 | €3,146,615 | €3,084,087 | -€62,528 | -2.0% |
| Deferred charges and accrued income | 490/1 | €301,090 | €21,717 | -€279,373 | -92.8% |
| Total equity and liabilities | 10/49 | €5,460,504 | €5,446,128 | -€14,376 | -0.3% |
| Equity | 10/15 | €3,411,033 | €3,885,147 | +€474,113 | +13.9% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €69,298 | €69,298 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,578 | €65,578 | = | 0.0% |
| Distributable reserves | 133 | €3,719 | €3,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,329,136 | €3,803,249 | +€474,113 | +14.2% |
| Provisions and deferred taxes | 16 | €264,714 | €265,885 | +€1,171 | +0.4% |
| Provisions for liabilities and charges | 160/5 | €264,714 | €265,885 | +€1,171 | +0.4% |
| Pensions and similar obligations | 160 | €180,836 | €180,836 | = | 0.0% |
| Other liabilities and charges | 164/5 | €83,878 | €85,049 | +€1,171 | +1.4% |
| Amounts payable | 17/49 | €1,784,757 | €1,295,096 | -€489,661 | -27.4% |
| Amounts payable after more than one year | 17 | €86,715 | €50,744 | -€35,971 | -41.5% |
| Financial debts | 170/4 | €86,715 | €50,744 | -€35,971 | -41.5% |
| Amounts payable within one year | 42/48 | €1,698,042 | €1,242,796 | -€455,245 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €40,780 | €35,971 | -€4,809 | -11.8% |
| Trade debts | 44 | €1,177,459 | €618,023 | -€559,435 | -47.5% |
| Suppliers | 440/4 | €1,177,459 | €618,023 | -€559,435 | -47.5% |
| Taxes, remuneration and social security | 45 | €162,303 | €22,137 | -€140,166 | -86.4% |
| Taxes | 450/3 | €146,049 | €1,319 | -€144,729 | -99.1% |
| Remuneration and social security | 454/9 | €16,255 | €20,818 | +€4,563 | +28.1% |
| Other amounts payable | 47/48 | €317,499 | €566,665 | +€249,165 | +78.5% |
| Accrued charges and deferred income | 492/3 | - | €1,555 | +€1,555 | |
| Non-recurring operating income | 76A | €0 | €388,589 | +€388,589 | |
| Remuneration, social security and pensions | 62 | €190,329 | €235,291 | +€44,962 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386,244 | €424,518 | +€38,274 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,731 | -€1,335 | +€10,396 | +88.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,064 | €1,171 | -€26,892 | -95.8% |
| Other operating charges | 640/8 | €22,448 | €17,988 | -€4,459 | -19.9% |
| Non-recurring operating charges | 66A | €67,357 | €0 | -€67,357 | -100% |
| Gross operating margin | 9900 | €1,537,863 | €1,702,520 | +€164,657 | +10.7% |
| Operating profit (loss) | 9901 | €855,152 | €1,024,886 | +€169,734 | +19.8% |
| Financial income | 75/76B | €10,926 | €19,755 | +€8,829 | +80.8% |
| Recurring financial income | 75 | €10,926 | €19,755 | +€8,829 | +80.8% |
| Financial charges | 65/66B | €19,211 | €9,589 | -€9,622 | -50.1% |
| Recurring financial charges | 65 | €19,211 | €9,589 | -€9,622 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €846,868 | €1,035,052 | +€188,185 | +22.2% |
| Income taxes | 67/77 | €217,518 | €260,939 | +€43,421 | +20.0% |
| Profit (loss) for the period | 9904 | €629,350 | €774,113 | +€144,764 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €629,350 | €774,113 | +€144,764 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.