Alexia Hoste: 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.
Alexia Hoste
Largest movements
- Cash +€23,603
up €23,603 (+32.6%), from €72,412 to €96,015
mainly Net result for the year (+€33,797) and Depreciation (+€13,593)
- Tangible fixed assets -€12,618
down €12,618 (-28.6%), from €44,163 to €31,545
- Receivables within one year +€4,734
up €4,734 (+21.6%), from €21,964 to €26,698
of which Other amounts receivable: +€14,203
- Deferred charges and accrued income +€1,912
up €1,912 (+135.3%), from €1,412 to €3,324
- Reserves +€33,797
up €33,797 (+45.5%), from €74,309 to €108,105
- Debts after one year -€11,166
down €11,166 (-36.1%), from €30,948 to €19,782
- Tax, wage and social debts -€6,550
down €6,550 (-35.6%), from €18,414 to €11,864
of which Taxes: -€9,125
- Gross operating margin -€29,368
down €29,368 (-32.0%), from €91,733 to €62,365
- Taxes -€6,132
down €6,132 (-39.1%), from €15,687 to €9,555
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,430 | €160,085 | +€16,655 | +11.6% |
| Formation expenses | 20 | €3,478 | €2,503 | -€975 | -28.0% |
| Fixed assets | 21/28 | €44,163 | €31,545 | -€12,618 | -28.6% |
| Tangible fixed assets | 22/27 | €44,163 | €31,545 | -€12,618 | -28.6% |
| Furniture and vehicles | 24 | €44,163 | €31,545 | -€12,618 | -28.6% |
| Current assets | 29/58 | €95,789 | €126,037 | +€30,248 | +31.6% |
| Amounts receivable within one year | 40/41 | €21,964 | €26,698 | +€4,734 | +21.6% |
| Trade receivables | 40 | €14,173 | €4,703 | -€9,469 | -66.8% |
| Other amounts receivable | 41 | €7,791 | €21,994 | +€14,203 | +182.3% |
| Cash at bank and in hand | 54/58 | €72,412 | €96,015 | +€23,603 | +32.6% |
| Deferred charges and accrued income | 490/1 | €1,412 | €3,324 | +€1,912 | +135.3% |
| Total equity and liabilities | 10/49 | €143,430 | €160,085 | +€16,655 | +11.6% |
| Equity | 10/15 | €79,309 | €113,105 | +€33,797 | +42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,309 | €108,105 | +€33,797 | +45.5% |
| Distributable reserves | 133 | €74,309 | €108,105 | +€33,797 | +45.5% |
| Amounts payable | 17/49 | €64,121 | €46,980 | -€17,141 | -26.7% |
| Amounts payable after more than one year | 17 | €30,948 | €19,782 | -€11,166 | -36.1% |
| Financial debts | 170/4 | €30,948 | €19,782 | -€11,166 | -36.1% |
| Amounts payable within one year | 42/48 | €33,173 | €27,198 | -€5,975 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €10,667 | €11,166 | +€499 | +4.7% |
| Trade debts | 44 | €4,092 | €4,168 | +€76 | +1.9% |
| Suppliers | 440/4 | €4,092 | €4,168 | +€76 | +1.9% |
| Taxes, remuneration and social security | 45 | €18,414 | €11,864 | -€6,550 | -35.6% |
| Taxes | 450/3 | €15,981 | €6,857 | -€9,125 | -57.1% |
| Remuneration and social security | 454/9 | €2,433 | €5,007 | +€2,574 | +105.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,593 | €13,593 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,095 | €3,756 | +€660 | +21.3% |
| Gross operating margin | 9900 | €91,733 | €62,365 | -€29,368 | -32.0% |
| Operating profit (loss) | 9901 | €75,045 | €45,017 | -€30,028 | -40.0% |
| Financial income | 75/76B | €479 | €467 | -€12 | -2.5% |
| Recurring financial income | 75 | €479 | €467 | -€12 | -2.5% |
| Financial charges | 65/66B | €2,514 | €2,133 | -€381 | -15.2% |
| Recurring financial charges | 65 | €2,514 | €2,133 | -€381 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €73,010 | €43,351 | -€29,659 | -40.6% |
| Income taxes | 67/77 | €15,687 | €9,555 | -€6,132 | -39.1% |
| Profit (loss) for the period | 9904 | €57,323 | €33,797 | -€23,527 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,323 | €33,797 | -€23,527 | -41.0% |
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 2 October 2026 via checked.be.