TECHYDRO: what changed
Two fiscal 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.
What changed
TECHYDRO
NACE 28.220, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€129,133
2024 · €45,523+€83,610
Equity
€657,532
2024 · €533,307+€124,226
Cash
€23,758
2024 · €11,262+€12,496
Balance sheet total
€1.3m
2024 · €1.3m+€66,558
Largest movements
Assets
- Stocks and contracts +€67,965
up €67,965 (+17.3%), from €392,476 to €460,441
- Tangible fixed assets -€62,686
down €62,686 (-11.1%), from €565,411 to €502,725
- Receivables within one year +€48,714
up €48,714 (+16.6%), from €293,941 to €342,655
of which Trade receivables: +€48,668
Equity and liabilities
- Reserves +€124,093
up €124,093 (+44.4%), from €279,309 to €403,402
of which Distributable reserves: +€129,000
- Debts after one year -€56,114
down €56,114 (-18.8%), from €298,336 to €242,222
- Current portion of long-term debt -€20,888
down €20,888 (-20.5%), from €102,070 to €81,182
- Tax, wage and social debts +€18,589
up €18,589 (+53.6%), from €34,664 to €53,253
of which Taxes: +€24,894
Income statement
- Turnover +€107,913
up €107,913 (+10.0%), from €1.1m to €1.2m
- Gross operating margin +€98,980
up €98,980 (+30.4%), from €325,885 to €424,865
- Taxes +€30,353
up €30,353 (+145.6%), from €20,844 to €51,197
- Purchases and services +€27,041
up €27,041 (+3.5%), from €780,315 to €807,356
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.
Result 2024
€45,523
Gross operating margin
+€98,980
Staff costs
+€8,387
Depreciation
+€3,520
Other operating charges
+€3,652
Financial income
-€776
Financial charges
+€199
Taxes
-€30,353
Result 2025
€129,133
Cash bridge derived
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.
From operations
+€108,282
Investment
-€13,876
Financing
-€81,909
Cash 2024
€11,262
From operations (derived)
+€108,282
Net result for the year
+€129,133
Depreciation
+€76,562
Stocks and contracts
-€67,965
Receivables within one year
-€48,714
Deferred charges and accrued income
-€69
Provisions
-€1,636
Trade debts
-€5,986
Tax, wage and social debts
+€18,589
Other debts
+€8,368
Investment (derived)
-€13,876
Investment in fixed assets (net)
-€13,876
Financing
-€81,909
Debts after one year
-€56,114
Current portion of long-term debt
-€20,888
Contributions, distributions and other
-€4,907
Cash 2025
€23,758
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,268,025 | €1,334,583 | +€66,558 | +5.2% |
| Fixed assets | 21/28 | €565,411 | €502,725 | -€62,686 | -11.1% |
| Tangible fixed assets | 22/27 | €565,411 | €502,725 | -€62,686 | -11.1% |
| Land and buildings | 22 | €392,241 | €371,762 | -€20,479 | -5.2% |
| Plant, machinery and equipment | 23 | €108,224 | €79,410 | -€28,814 | -26.6% |
| Furniture and vehicles | 24 | €64,946 | €51,553 | -€13,393 | -20.6% |
| Current assets | 29/58 | €702,614 | €831,858 | +€129,244 | +18.4% |
| Amounts receivable after more than one year | 29 | €50 | €50 | = | 0.0% |
| Trade receivables | 290 | €50 | €50 | = | 0.0% |
| Stocks and contracts in progress | 3 | €392,476 | €460,441 | +€67,965 | +17.3% |
| Stocks | 30/36 | €392,476 | €460,441 | +€67,965 | +17.3% |
| Amounts receivable within one year | 40/41 | €293,941 | €342,655 | +€48,714 | +16.6% |
| Trade receivables | 40 | €293,071 | €341,739 | +€48,668 | +16.6% |
| Other amounts receivable | 41 | €870 | €916 | +€46 | +5.3% |
| Cash at bank and in hand | 54/58 | €11,262 | €23,758 | +€12,496 | +111.0% |
| Deferred charges and accrued income | 490/1 | €4,885 | €4,954 | +€69 | +1.4% |
| Total equity and liabilities | 10/49 | €1,268,025 | €1,334,583 | +€66,558 | +5.2% |
| Equity | 10/15 | €533,307 | €657,532 | +€124,226 | +23.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €279,309 | €403,402 | +€124,093 | +44.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,631 | €31,723 | -€4,907 | -13.4% |
| Distributable reserves | 133 | €236,479 | €365,479 | +€129,000 | +54.6% |
| Profit (loss) carried forward | 14 | €191,997 | €192,130 | +€133 | +0.1% |
| Provisions and deferred taxes | 16 | €6,821 | €5,185 | -€1,636 | -24.0% |
| Deferred taxes | 168 | €6,821 | €5,185 | -€1,636 | -24.0% |
| Amounts payable | 17/49 | €727,898 | €671,866 | -€56,032 | -7.7% |
| Amounts payable after more than one year | 17 | €298,336 | €242,222 | -€56,114 | -18.8% |
| Financial debts | 170/4 | €298,336 | €242,222 | -€56,114 | -18.8% |
| Amounts payable within one year | 42/48 | €429,561 | €429,644 | +€82 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €102,070 | €81,182 | -€20,888 | -20.5% |
| Trade debts | 44 | €62,014 | €56,028 | -€5,986 | -9.7% |
| Suppliers | 440/4 | €62,014 | €56,028 | -€5,986 | -9.7% |
| Taxes, remuneration and social security | 45 | €34,664 | €53,253 | +€18,589 | +53.6% |
| Taxes | 450/3 | €11,140 | €36,034 | +€24,894 | +223.5% |
| Remuneration and social security | 454/9 | €23,524 | €17,219 | -€6,305 | -26.8% |
| Other amounts payable | 47/48 | €230,814 | €239,181 | +€8,368 | +3.6% |
| Turnover | 70 | €1,081,653 | €1,189,566 | +€107,913 | +10.0% |
| Non-recurring operating income | 76A | €24,547 | €42,655 | +€18,108 | +73.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €780,315 | €807,356 | +€27,041 | +3.5% |
| Remuneration, social security and pensions | 62 | €170,609 | €162,222 | -€8,387 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,082 | €76,562 | -€3,520 | -4.4% |
| Other operating charges | 640/8 | €13,311 | €9,659 | -€3,652 | -27.4% |
| Gross operating margin | 9900 | €325,885 | €424,865 | +€98,980 | +30.4% |
| Operating profit (loss) | 9901 | €61,883 | €176,422 | +€114,539 | +185.1% |
| Financial income | 75/76B | €6,887 | €6,111 | -€776 | -11.3% |
| Recurring financial income | 75 | €78 | €46 | -€32 | -41.1% |
| Non-recurring financial income | 76B | €6,809 | €6,065 | -€744 | -10.9% |
| Financial charges | 65/66B | €8,946 | €8,746 | -€199 | -2.2% |
| Recurring financial charges | 65 | €8,946 | €8,746 | -€199 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €59,825 | €173,787 | +€113,962 | +190.5% |
| Transfer from deferred taxes | 780 | €6,543 | €6,543 | = | 0.0% |
| Income taxes | 67/77 | €20,844 | €51,197 | +€30,353 | +145.6% |
| Profit (loss) for the period | 9904 | €45,523 | €129,133 | +€83,610 | +183.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,523 | €129,133 | +€83,610 | +183.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.