SEDIAP 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.
SEDIAP Hydraulics
Largest movements
- Tangible fixed assets +€58,176
up €58,176 (+8.8%), from €661,754 to €719,931
of which Plant, machinery and equipment: +€73,141
- Cash +€34,034
up €34,034 (+550%), from €6,193 to €40,226
mainly Trade debts (+€106,407) and Net result for the year (+€61,922)
- Receivables within one year +€31,564
up €31,564 (+37.3%), from €84,716 to €116,281
of which Trade receivables: +€65,759
- Trade debts +€106,407
up €106,407 (+1,242%), from €8,568 to €114,975
- Profit (loss) carried forward +€61,922
up €61,922 (+91.4%), from €67,762 to €129,685
- Other debts -€32,227
down €32,227 (-24.4%), from €132,209 to €99,983
- Advances received -€16,153
down €16,153 (-65.8%), from €24,538 to €8,385
- Debts after one year -€12,723
down €12,723 (-2.7%), from €479,802 to €467,079
- Gross operating margin +€108,333
up €108,333 (+412%), from €26,325 to €134,658
- Financial income +€19,215
up €19,215 (+11,452%), from €168 to €19,382
- Taxes +€6,316
up €6,316 (+5,170%), from €122 to €6,438
- Depreciation +€6,081
up €6,081 (+11.0%), from €55,392 to €61,474
- Financial charges +€6,000
up €6,000 (+62.6%), from €9,581 to €15,581
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 | €766,953 | €891,934 | +€124,981 | +16.3% |
| Fixed assets | 21/28 | €662,367 | €720,544 | +€58,176 | +8.8% |
| Tangible fixed assets | 22/27 | €661,754 | €719,931 | +€58,176 | +8.8% |
| Land and buildings | 22 | €610,140 | €574,453 | -€35,687 | -5.8% |
| Plant, machinery and equipment | 23 | €31,481 | €104,622 | +€73,141 | +232% |
| Furniture and vehicles | 24 | €20,133 | €40,856 | +€20,723 | +103% |
| Financial fixed assets | 28 | €613 | €613 | = | 0.0% |
| Current assets | 29/58 | €104,585 | €171,390 | +€66,804 | +63.9% |
| Stocks and contracts in progress | 3 | €11,527 | €12,737 | +€1,210 | +10.5% |
| Stocks | 30/36 | €11,527 | €12,737 | +€1,210 | +10.5% |
| Amounts receivable within one year | 40/41 | €84,716 | €116,281 | +€31,564 | +37.3% |
| Trade receivables | 40 | €50,239 | €115,998 | +€65,759 | +131% |
| Other amounts receivable | 41 | €34,477 | €283 | -€34,195 | -99.2% |
| Cash at bank and in hand | 54/58 | €6,193 | €40,226 | +€34,034 | +550% |
| Deferred charges and accrued income | 490/1 | €2,150 | €2,146 | -€4 | -0.2% |
| Total equity and liabilities | 10/49 | €766,953 | €891,934 | +€124,981 | +16.3% |
| Equity | 10/15 | €72,762 | €134,685 | +€61,922 | +85.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,762 | €129,685 | +€61,922 | +91.4% |
| Amounts payable | 17/49 | €694,191 | €757,249 | +€63,058 | +9.1% |
| Amounts payable after more than one year | 17 | €479,802 | €467,079 | -€12,723 | -2.7% |
| Financial debts | 170/4 | €479,802 | €467,079 | -€12,723 | -2.7% |
| Amounts payable within one year | 42/48 | €214,388 | €290,170 | +€75,781 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €35,575 | €42,809 | +€7,234 | +20.3% |
| Trade debts | 44 | €8,568 | €114,975 | +€106,407 | +1,242% |
| Suppliers | 440/4 | €8,568 | €114,975 | +€106,407 | +1,242% |
| Advances received on contracts in progress | 46 | €24,538 | €8,385 | -€16,153 | -65.8% |
| Taxes, remuneration and social security | 45 | €13,497 | €24,018 | +€10,521 | +77.9% |
| Taxes | 450/3 | €10,164 | €20,900 | +€10,736 | +106% |
| Remuneration and social security | 454/9 | €3,333 | €3,118 | -€215 | -6.4% |
| Other amounts payable | 47/48 | €132,209 | €99,983 | -€32,227 | -24.4% |
| Remuneration, social security and pensions | 62 | €153 | €5,289 | +€5,137 | +3,368% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,392 | €61,474 | +€6,081 | +11.0% |
| Other operating charges | 640/8 | €2,972 | €3,336 | +€364 | +12.3% |
| Gross operating margin | 9900 | €26,325 | €134,658 | +€108,333 | +412% |
| Operating profit (loss) | 9901 | -€32,191 | €64,559 | +€96,751 | |
| Financial income | 75/76B | €168 | €19,382 | +€19,215 | +11,452% |
| Recurring financial income | 75 | €168 | €19,382 | +€19,215 | +11,452% |
| Financial charges | 65/66B | €9,581 | €15,581 | +€6,000 | +62.6% |
| Recurring financial charges | 65 | €9,581 | €15,581 | +€6,000 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,604 | €68,361 | +€109,965 | |
| Income taxes | 67/77 | €122 | €6,438 | +€6,316 | +5,170% |
| Profit (loss) for the period | 9904 | -€41,726 | €61,922 | +€103,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,726 | €61,922 | +€103,649 |
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 26 October 2026 via checked.be.