SOCIETE HYDROELECTRIQUE MOSANE: what changed
SOCIETE HYDROELECTRIQUE MOSANE
Largest movements
- Tangible fixed assets -€8,653
down €8,653 (-7.7%), from €111,720 to €103,067
- Cash -€3,380
down €3,380 (-53.4%), from €6,330 to €2,950
mainly Net result for the year (-€7,803) and Debts after one year (-€4,688)
- Other debts +€9,000
up €9,000 (+10.0%), from €90,197 to €99,197
- Profit (loss) carried forward -€7,803
down €7,803 (-5.1%), from -€152,361 to -€160,164
- Debts after one year -€4,688
down €4,688 (-6.0%), from €78,530 to €73,842
- Current portion of long-term debt -€4,443
down €4,443 (-48.7%), from €9,130 to €4,688
- Investment grants -€2,557
down €2,557 (-9.9%), from €25,844 to €23,288
- Purchases and services -€1,252
no longer reported in 2025 (was €1,252)
- Gross operating margin -€382
down €382 (-30.5%), from -€1,252 to -€1,634
- Financial charges -€304
down €304 (-36.6%), from €829 to €526
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,434 | €109,160 | -€11,274 | -9.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €111,720 | €103,067 | -€8,653 | -7.7% |
| Tangible fixed assets | 22/27 | €111,720 | €103,067 | -€8,653 | -7.7% |
| Land and buildings | 22 | €111,720 | €103,067 | -€8,653 | -7.7% |
| Current assets | 29/58 | €8,714 | €6,093 | -€2,621 | -30.1% |
| Amounts receivable within one year | 40/41 | €2,385 | €2,597 | +€212 | +8.9% |
| Other amounts receivable | 41 | €2,385 | €2,597 | +€212 | +8.9% |
| Cash at bank and in hand | 54/58 | €6,330 | €2,950 | -€3,380 | -53.4% |
| Deferred charges and accrued income | 490/1 | - | €546 | +€546 | |
| Total equity and liabilities | 10/49 | €120,434 | €109,160 | -€11,274 | -9.4% |
| Equity | 10/15 | -€66,516 | -€76,876 | -€10,360 | -15.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,361 | -€160,164 | -€7,803 | -5.1% |
| Investment grants | 15 | €25,844 | €23,288 | -€2,557 | -9.9% |
| Provisions and deferred taxes | 16 | €8,615 | €7,763 | -€852 | -9.9% |
| Deferred taxes | 168 | €8,615 | €7,763 | -€852 | -9.9% |
| Amounts payable | 17/49 | €178,336 | €178,274 | -€62 | 0.0% |
| Amounts payable after more than one year | 17 | €78,530 | €73,842 | -€4,688 | -6.0% |
| Financial debts | 170/4 | €78,530 | €73,842 | -€4,688 | -6.0% |
| Amounts payable within one year | 42/48 | €99,806 | €104,431 | +€4,626 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €9,130 | €4,688 | -€4,443 | -48.7% |
| Trade debts | 44 | €478 | €546 | +€68 | +14.3% |
| Suppliers | 440/4 | €478 | €546 | +€68 | +14.3% |
| Other amounts payable | 47/48 | €90,197 | €99,197 | +€9,000 | +10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,252 | - | -€1,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,653 | €8,653 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,252 | -€1,634 | -€382 | -30.5% |
| Operating profit (loss) | 9901 | -€10,292 | -€10,686 | -€395 | -3.8% |
| Financial income | 75/76B | €2,557 | €2,557 | -€0 | 0.0% |
| Recurring financial income | 75 | €2,557 | €2,557 | -€0 | 0.0% |
| Financial charges | 65/66B | €829 | €526 | -€304 | -36.6% |
| Recurring financial charges | 65 | €829 | €526 | -€304 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,564 | -€8,655 | -€91 | -1.1% |
| Transfer from deferred taxes | 780 | €852 | €852 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -75.0% |
| Profit (loss) for the period | 9904 | -€7,712 | -€7,803 | -€91 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,712 | -€7,803 | -€91 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.