HOORATELIER: 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.
HOORATELIER
Largest movements
- Current investments +€54,935
up €54,935 (+193%), from €28,525 to €83,460
- Cash -€38,284
down €38,284 (-18.8%), from €203,335 to €165,051
mainly Current investments (-€54,935) and Debts after one year (-€24,101)
- Tangible fixed assets -€23,891
down €23,891 (-12.3%), from €194,276 to €170,385
of which Land and buildings: -€14,556
- Reserves +€34,073
up €34,073 (+12.8%), from €266,523 to €300,596
- Debts after one year -€24,101
down €24,101 (-16.9%), from €142,221 to €118,120
- Trade debts -€13,769
down €13,769 (-76.8%), from €17,929 to €4,160
- Gross operating margin +€15,712
up €15,712 (+19.1%), from €82,380 to €98,092
- Financial income -€15,049
down €15,049 (-91.7%), from €16,404 to €1,355
of which Non-recurring financial income: -€14,608
- Taxes +€2,508
up €2,508 (+14.8%), from €16,932 to €19,441
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 | €459,420 | €455,490 | -€3,930 | -0.9% |
| Fixed assets | 21/28 | €194,426 | €170,535 | -€23,891 | -12.3% |
| Tangible fixed assets | 22/27 | €194,276 | €170,385 | -€23,891 | -12.3% |
| Land and buildings | 22 | €164,304 | €149,748 | -€14,556 | -8.9% |
| Plant, machinery and equipment | 23 | €2,143 | €3,890 | +€1,747 | +81.5% |
| Furniture and vehicles | 24 | €27,828 | €16,747 | -€11,082 | -39.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €264,994 | €284,955 | +€19,961 | +7.5% |
| Stocks and contracts in progress | 3 | €2,030 | €1,690 | -€340 | -16.7% |
| Stocks | 30/36 | €2,030 | €1,690 | -€340 | -16.7% |
| Amounts receivable within one year | 40/41 | €30,601 | €34,237 | +€3,635 | +11.9% |
| Trade receivables | 40 | €30,601 | €34,237 | +€3,635 | +11.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €28,525 | €83,460 | +€54,935 | +193% |
| Cash at bank and in hand | 54/58 | €203,335 | €165,051 | -€38,284 | -18.8% |
| Deferred charges and accrued income | 490/1 | €503 | €517 | +€14 | +2.9% |
| Total equity and liabilities | 10/49 | €459,420 | €455,490 | -€3,930 | -0.9% |
| Equity | 10/15 | €267,523 | €301,596 | +€34,073 | +12.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €266,523 | €300,596 | +€34,073 | +12.8% |
| Distributable reserves | 133 | €266,523 | €300,596 | +€34,073 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,897 | €153,894 | -€38,003 | -19.8% |
| Amounts payable after more than one year | 17 | €142,221 | €118,120 | -€24,101 | -16.9% |
| Financial debts | 170/4 | €142,221 | €118,120 | -€24,101 | -16.9% |
| Amounts payable within one year | 42/48 | €49,676 | €35,774 | -€13,902 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €23,731 | €24,101 | +€370 | +1.6% |
| Trade debts | 44 | €17,929 | €4,160 | -€13,769 | -76.8% |
| Suppliers | 440/4 | €17,929 | €4,160 | -€13,769 | -76.8% |
| Taxes, remuneration and social security | 45 | €7,669 | €6,524 | -€1,145 | -14.9% |
| Taxes | 450/3 | €5,689 | €4,524 | -€1,165 | -20.5% |
| Remuneration and social security | 454/9 | €1,980 | €2,000 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €347 | €989 | +€642 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,993 | €26,898 | +€905 | +3.5% |
| Other operating charges | 640/8 | €1,698 | €1,796 | +€99 | +5.8% |
| Gross operating margin | 9900 | €82,380 | €98,092 | +€15,712 | +19.1% |
| Operating profit (loss) | 9901 | €54,689 | €69,397 | +€14,708 | +26.9% |
| Financial income | 75/76B | €16,404 | €1,355 | -€15,049 | -91.7% |
| Recurring financial income | 75 | €1,796 | €1,355 | -€441 | -24.6% |
| Non-recurring financial income | 76B | €14,608 | €0 | -€14,608 | -100% |
| Financial charges | 65/66B | €3,213 | €2,811 | -€402 | -12.5% |
| Recurring financial charges | 65 | €3,213 | €2,811 | -€402 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €67,880 | €67,941 | +€61 | +0.1% |
| Income taxes | 67/77 | €16,932 | €19,441 | +€2,508 | +14.8% |
| Profit (loss) for the period | 9904 | €50,947 | €48,500 | -€2,447 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,947 | €48,500 | -€2,447 | -4.8% |
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 15 October 2026 via checked.be.