Understanding the dynamics of hyperbolic balance laws is of paramount interest in the realm of fluid mechanics. Nevertheless, fundamental questions on the analysis and the numerics for distinctive hyperbolic features related to turbulent flow motion remain vastly open. Recent progress on the mathematical side reveals novel routes to face these concerns. This includes findings about the failure of the entropy principle to ensure uniqueness, the use of structure-preserving concepts in high-order numerical methods, and the advent of tailored probabilistic approaches. Whereas each of these three directions on hyperbolic modelling are of completely different origin they are all linked to small- or subscale features in the solutions which are either enhanced or depleted by the hyperbolic nonlinearity. Thus, any progress in the field might contribute to a deeper understanding of turbulent flow motion on the basis of the continuum-scale mathematical models. We present an overview on the mathematical state-of-the-art in the field and relate it to the scientific work in the DFG Priority Research Programme 2410. As such, the survey is not necessarily targeting at readers with comprehensive knowledge on hyperbolic balance laws but instead aims at a general audience of reseachers which are interested to gain an overview on the field and associated challenges in fluid mechanics.