HOSLET Frédéric: 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.
What changed
HOSLET Frédéric
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€163,265
2024 · €181,440-€18,175
Equity
€2.2m
2024 · €2.1m+€152,669
Cash
€114,741
2024 · €65,885+€48,856
Balance sheet total
€4.4m
2024 · €4.5m-€50,066
Largest movements
Assets
- Tangible fixed assets -€100,382
down €100,382 (-4.0%), from €2.5m to €2.4m
of which Land and buildings: -€120,506
- Stocks and contracts -€79,262
down €79,262 (-5.6%), from €1.4m to €1.3m
- Receivables after one year +€75,000
up €75,000 (+188%), from €40,000 to €115,000
- Cash +€48,856
up €48,856 (+74.2%), from €65,885 to €114,741
mainly Depreciation (+€351,120) and Net result for the year (+€163,265)
Equity and liabilities
- Reserves +€162,281
up €162,281 (+8.8%), from €1.8m to €2.0m
of which Distributable reserves: +€165,000
- Debts after one year -€138,164
down €138,164 (-8.4%), from €1.7m to €1.5m
- Trade debts -€54,605
down €54,605 (-19.6%), from €278,632 to €224,027
Income statement
- Staff costs +€88,315
up €88,315 (+11.0%), from €799,417 to €887,732
- Financial income +€77,327
up €77,327 (+50.4%), from €153,348 to €230,676
of which Non-recurring financial income: +€75,316
- Depreciation +€29,317
up €29,317 (+9.1%), from €321,803 to €351,120
- Taxes -€23,376
down €23,376 (-26.2%), from €89,337 to €65,961
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
€181,440
Gross operating margin
+€7,146
Staff costs
-€88,315
Depreciation
-€29,317
Write-downs
-€10,128
Other operating charges
+€1,229
Other operating items
-€90
Financial income
+€77,327
Financial charges
+€597
Taxes
+€23,376
Result 2025
€163,265
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€436,673
Investment
-€253,697
Financing
-€134,120
Cash 2024
€65,885
From operations (derived)
+€436,673
Net result for the year
+€163,265
Depreciation
+€351,120
Receivables after one year
-€75,000
Stocks and contracts
+€79,262
Receivables within one year
+€17,071
Deferred charges and accrued income
-€19,834
Smaller working-capital items
-€1,135
Trade debts
-€54,605
Tax, wage and social debts
+€4,347
Accrued charges and deferred income
-€27,819
Investment (derived)
-€253,697
Investment in fixed assets (net)
-€253,697
Financing
-€134,120
Debts after one year
-€138,164
Current portion of long-term debt
+€14,641
Contributions, distributions and other
-€10,597
Cash 2025
€114,741
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,499,732 | €4,449,666 | -€50,066 | -1.1% |
| Fixed assets | 21/28 | €2,514,274 | €2,416,851 | -€97,423 | -3.9% |
| Intangible fixed assets | 21 | €3,776 | €6,735 | +€2,959 | +78.4% |
| Tangible fixed assets | 22/27 | €2,505,961 | €2,405,579 | -€100,382 | -4.0% |
| Land and buildings | 22 | €2,175,786 | €2,055,280 | -€120,506 | -5.5% |
| Plant, machinery and equipment | 23 | €128,212 | €159,249 | +€31,037 | +24.2% |
| Furniture and vehicles | 24 | €193,758 | €129,829 | -€63,929 | -33.0% |
| Leasing and similar rights | 25 | €8,205 | €61,221 | +€53,016 | +646% |
| Financial fixed assets | 28 | €4,537 | €4,537 | = | 0.0% |
| Current assets | 29/58 | €1,985,457 | €2,032,815 | +€47,357 | +2.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €115,000 | +€75,000 | +188% |
| Other amounts receivable | 291 | €40,000 | €115,000 | +€75,000 | +188% |
| Stocks and contracts in progress | 3 | €1,418,643 | €1,339,381 | -€79,262 | -5.6% |
| Stocks | 30/36 | €1,418,643 | €1,339,381 | -€79,262 | -5.6% |
| Amounts receivable within one year | 40/41 | €402,866 | €385,795 | -€17,071 | -4.2% |
| Trade receivables | 40 | €364,512 | €341,649 | -€22,863 | -6.3% |
| Other amounts receivable | 41 | €38,354 | €44,146 | +€5,792 | +15.1% |
| Cash at bank and in hand | 54/58 | €65,885 | €114,741 | +€48,856 | +74.2% |
| Deferred charges and accrued income | 490/1 | €58,063 | €77,897 | +€19,834 | +34.2% |
| Total equity and liabilities | 10/49 | €4,499,732 | €4,449,666 | -€50,066 | -1.1% |
| Equity | 10/15 | €2,086,877 | €2,239,546 | +€152,669 | +7.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,844,989 | €2,007,270 | +€162,281 | +8.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,989 | €292,270 | -€2,719 | -0.9% |
| Distributable reserves | 133 | €1,540,000 | €1,705,000 | +€165,000 | +10.7% |
| Profit (loss) carried forward | 14 | €4,133 | €5,118 | +€985 | +23.8% |
| Investment grants | 15 | €137,755 | €127,158 | -€10,597 | -7.7% |
| Provisions and deferred taxes | 16 | €53,247 | €52,567 | -€680 | -1.3% |
| Deferred taxes | 168 | €53,247 | €52,567 | -€680 | -1.3% |
| Amounts payable | 17/49 | €2,359,607 | €2,157,553 | -€202,055 | -8.6% |
| Amounts payable after more than one year | 17 | €1,651,310 | €1,513,147 | -€138,164 | -8.4% |
| Financial debts | 170/4 | €1,651,310 | €1,513,147 | -€138,164 | -8.4% |
| Amounts payable within one year | 42/48 | €679,967 | €643,894 | -€36,073 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €234,965 | €249,605 | +€14,641 | +6.2% |
| Trade debts | 44 | €278,632 | €224,027 | -€54,605 | -19.6% |
| Suppliers | 440/4 | €278,632 | €224,027 | -€54,605 | -19.6% |
| Taxes, remuneration and social security | 45 | €164,498 | €168,845 | +€4,347 | +2.6% |
| Taxes | 450/3 | €82,793 | €81,324 | -€1,469 | -1.8% |
| Remuneration and social security | 454/9 | €81,705 | €87,521 | +€5,816 | +7.1% |
| Other amounts payable | 47/48 | €1,872 | €1,417 | -€455 | -24.3% |
| Accrued charges and deferred income | 492/3 | €28,330 | €512 | -€27,819 | -98.2% |
| Non-recurring operating income | 76A | €152 | €29 | -€123 | -81.0% |
| Remuneration, social security and pensions | 62 | €799,417 | €887,732 | +€88,315 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,803 | €351,120 | +€29,317 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,400 | €1,728 | +€10,128 | |
| Other operating charges | 640/8 | €32,574 | €31,345 | -€1,229 | -3.8% |
| Non-recurring operating charges | 66A | €395 | €485 | +€90 | +22.7% |
| Gross operating margin | 9900 | €1,338,659 | €1,345,805 | +€7,146 | +0.5% |
| Operating profit (loss) | 9901 | €192,869 | €73,394 | -€119,475 | -61.9% |
| Financial income | 75/76B | €153,348 | €230,676 | +€77,327 | +50.4% |
| Recurring financial income | 75 | €52,907 | €54,918 | +€2,011 | +3.8% |
| Non-recurring financial income | 76B | €100,442 | €175,758 | +€75,316 | +75.0% |
| Financial charges | 65/66B | €76,120 | €75,523 | -€597 | -0.8% |
| Recurring financial charges | 65 | €75,056 | €75,523 | +€467 | +0.6% |
| Non-recurring financial charges | 66B | €1,064 | - | -€1,064 | |
| Profit (loss) for the period before taxes | 9903 | €270,097 | €228,546 | -€41,551 | -15.4% |
| Transfer from deferred taxes | 780 | €680 | €680 | = | 0.0% |
| Income taxes | 67/77 | €89,337 | €65,961 | -€23,376 | -26.2% |
| Profit (loss) for the period | 9904 | €181,440 | €163,265 | -€18,175 | -10.0% |
| Transfer from tax-exempt reserves | 789 | €2,719 | €2,719 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,160 | €165,985 | -€18,175 | -9.9% |
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.