Hochtie: 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.
Hochtie
Largest movements
- Cash +€2,961
up €2,961 (+52.9%), from €5,593 to €8,554
mainly Net result for the year (+€5,657) and Depreciation (+€1,200)
- Receivables within one year +€2,442
up €2,442 (+262%), from €930 to €3,372
of which Other amounts receivable: +€1,259
- Tangible fixed assets -€1,000
down €1,000 (-93.6%), from €1,068 to €68
- Current investments +€976
up €976 (+92.0%), from €1,061 to €2,037
- Intangible fixed assets -€200
down €200 (-24.6%), from €814 to €614
- Reserves +€5,657
up €5,657 (+105%), from €5,374 to €11,031
- Tax, wage and social debts -€586
down €586 (-100%), from €586 to €0
- Gross operating margin +€718
up €718 (+8.7%), from €8,288 to €9,006
- Other operating charges +€162
up €162 (+41.9%), from €387 to €550
- Taxes +€115
up €115 (+8.3%), from €1,387 to €1,503
- Financial charges +€93
up €93 (+427%), from €22 to €115
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 | €9,466 | €14,645 | +€5,179 | +54.7% |
| Fixed assets | 21/28 | €1,882 | €682 | -€1,200 | -63.8% |
| Intangible fixed assets | 21 | €814 | €614 | -€200 | -24.6% |
| Tangible fixed assets | 22/27 | €1,068 | €68 | -€1,000 | -93.6% |
| Furniture and vehicles | 24 | €1,068 | €68 | -€1,000 | -93.6% |
| Current assets | 29/58 | €7,584 | €13,963 | +€6,379 | +84.1% |
| Amounts receivable within one year | 40/41 | €930 | €3,372 | +€2,442 | +262% |
| Trade receivables | 40 | €318 | €1,500 | +€1,183 | +372% |
| Other amounts receivable | 41 | €613 | €1,872 | +€1,259 | +206% |
| Current investments | 50/53 | €1,061 | €2,037 | +€976 | +92.0% |
| Cash at bank and in hand | 54/58 | €5,593 | €8,554 | +€2,961 | +52.9% |
| Total equity and liabilities | 10/49 | €9,466 | €14,645 | +€5,179 | +54.7% |
| Equity | 10/15 | €8,374 | €14,031 | +€5,657 | +67.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,374 | €11,031 | +€5,657 | +105% |
| Distributable reserves | 133 | €5,374 | €11,031 | +€5,657 | +105% |
| Amounts payable | 17/49 | €1,092 | €615 | -€477 | -43.7% |
| Amounts payable within one year | 42/48 | €1,092 | €615 | -€477 | -43.7% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €506 | €478 | -€28 | -5.5% |
| Suppliers | 440/4 | €506 | €478 | -€28 | -5.5% |
| Taxes, remuneration and social security | 45 | €586 | €0 | -€586 | -100% |
| Taxes | 450/3 | €586 | €0 | -€586 | -100% |
| Other amounts payable | 47/48 | - | €117 | +€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,118 | €1,200 | +€82 | +7.4% |
| Other operating charges | 640/8 | €387 | €550 | +€162 | +41.9% |
| Gross operating margin | 9900 | €8,288 | €9,006 | +€718 | +8.7% |
| Operating profit (loss) | 9901 | €6,783 | €7,256 | +€473 | +7.0% |
| Financial income | 75/76B | €0 | €18 | +€18 | +4,755% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +4,755% |
| Financial charges | 65/66B | €22 | €115 | +€93 | +427% |
| Recurring financial charges | 65 | €22 | €115 | +€93 | +427% |
| Profit (loss) for the period before taxes | 9903 | €6,761 | €7,159 | +€398 | +5.9% |
| Income taxes | 67/77 | €1,387 | €1,503 | +€115 | +8.3% |
| Profit (loss) for the period | 9904 | €5,374 | €5,657 | +€283 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,374 | €5,657 | +€283 | +5.3% |
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.