P.M. HYDRAULIQUE: 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.
P.M. HYDRAULIQUE
Largest movements
- Cash +€114,168
up €114,168 (+225%), from €50,717 to €164,885
mainly Other debts (+€319,149) and Net result for the year (+€159,019)
- Receivables within one year -€91,489
down €91,489 (-85.2%), from €107,365 to €15,876
of which Other amounts receivable: -€99,290
- Other debts +€319,149
up €319,149 (+231%), from €138,088 to €457,237
- Profit (loss) carried forward -€240,981
down €240,981 (-56.3%), from €427,669 to €186,688
- Debts after one year -€51,096
no longer reported in 2025 (was €51,096)
- Gross operating margin +€17,079
up €17,079 (+26.9%), from €63,457 to €80,535
- Taxes +€3,465
up €3,465 (+30.3%), from €11,443 to €14,909
- Financial charges -€995
down €995 (-22.5%), from €4,428 to €3,433
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 | €1,623,978 | €1,650,238 | +€26,260 | +1.6% |
| Fixed assets | 21/28 | €1,464,002 | €1,467,583 | +€3,580 | +0.2% |
| Tangible fixed assets | 22/27 | €4,321 | €7,902 | +€3,580 | +82.9% |
| Plant, machinery and equipment | 23 | €3,042 | €2,717 | -€325 | -10.7% |
| Furniture and vehicles | 24 | €1,279 | €5,185 | +€3,905 | +305% |
| Financial fixed assets | 28 | €1,459,681 | €1,459,681 | = | 0.0% |
| Current assets | 29/58 | €159,976 | €182,655 | +€22,680 | +14.2% |
| Amounts receivable within one year | 40/41 | €107,365 | €15,876 | -€91,489 | -85.2% |
| Trade receivables | 40 | €7,970 | €15,771 | +€7,801 | +97.9% |
| Other amounts receivable | 41 | €99,395 | €105 | -€99,290 | -99.9% |
| Cash at bank and in hand | 54/58 | €50,717 | €164,885 | +€114,168 | +225% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,894 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,623,978 | €1,650,238 | +€26,260 | +1.6% |
| Equity | 10/15 | €1,368,129 | €1,127,148 | -€240,981 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €921,860 | €921,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €920,000 | €920,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €427,669 | €186,688 | -€240,981 | -56.3% |
| Amounts payable | 17/49 | €255,849 | €523,090 | +€267,241 | +104% |
| Amounts payable after more than one year | 17 | €51,096 | - | -€51,096 | |
| Financial debts | 170/4 | €51,096 | - | -€51,096 | |
| Amounts payable within one year | 42/48 | €204,753 | €523,090 | +€318,338 | +155% |
| Current portion of amounts payable after more than one year | 42 | €50,502 | €51,069 | +€567 | +1.1% |
| Trade debts | 44 | - | €237 | +€237 | |
| Suppliers | 440/4 | - | €237 | +€237 | |
| Taxes, remuneration and social security | 45 | €16,163 | €14,547 | -€1,616 | -10.0% |
| Taxes | 450/3 | €16,163 | €14,547 | -€1,616 | -10.0% |
| Other amounts payable | 47/48 | €138,088 | €457,237 | +€319,149 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €896 | +€118 | +15.2% |
| Other operating charges | 640/8 | €1,053 | €1,086 | +€34 | +3.2% |
| Non-recurring operating charges | 66A | - | €577 | +€577 | |
| Gross operating margin | 9900 | €63,457 | €80,535 | +€17,079 | +26.9% |
| Operating profit (loss) | 9901 | €61,626 | €77,976 | +€16,350 | +26.5% |
| Financial income | 75/76B | €99,403 | €99,385 | -€18 | 0.0% |
| Recurring financial income | 75 | €99,403 | €99,385 | -€18 | 0.0% |
| Financial charges | 65/66B | €4,428 | €3,433 | -€995 | -22.5% |
| Recurring financial charges | 65 | €4,428 | €3,433 | -€995 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €156,601 | €173,928 | +€17,327 | +11.1% |
| Income taxes | 67/77 | €11,443 | €14,909 | +€3,465 | +30.3% |
| Profit (loss) for the period | 9904 | €145,157 | €159,019 | +€13,862 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €145,157 | €159,019 | +€13,862 | +9.5% |
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 29 October 2026 via checked.be.