HOSLET FRERES: 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.
HOSLET FRERES
Largest movements
- Tangible fixed assets -€79,824
down €79,824 (-4.9%), from €1.6m to €1.6m
- Receivables within one year -€69,871
down €69,871 (-64.8%), from €107,834 to €37,963
- Debts after one year -€145,640
down €145,640 (-9.1%), from €1.6m to €1.5m
of which Other amounts payable: -€80,000
- Profit (loss) carried forward +€58,277
up €58,277, from -€52,110 to €6,167
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin -€74,367
down €74,367 (-28.8%), from €258,178 to €183,811
- Other operating charges -€52,288
down €52,288 (-79.9%), from €65,421 to €13,133
- Financial charges +€11,542
up €11,542 (+62.0%), from €18,618 to €30,160
- Depreciation +€2,877
up €2,877 (+3.7%), from €76,947 to €79,824
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 | €1,756,522 | €1,620,694 | -€135,828 | -7.7% |
| Fixed assets | 21/28 | €1,642,536 | €1,562,712 | -€79,824 | -4.9% |
| Tangible fixed assets | 22/27 | €1,642,536 | €1,562,712 | -€79,824 | -4.9% |
| Land and buildings | 22 | €1,642,536 | €1,562,712 | -€79,824 | -4.9% |
| Current assets | 29/58 | €113,986 | €57,982 | -€56,004 | -49.1% |
| Amounts receivable within one year | 40/41 | €107,834 | €37,963 | -€69,871 | -64.8% |
| Trade receivables | 40 | €107,834 | €37,963 | -€69,871 | -64.8% |
| Cash at bank and in hand | 54/58 | €6,152 | €20,019 | +€13,868 | +225% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,756,522 | €1,620,694 | -€135,828 | -7.7% |
| Equity | 10/15 | €9,890 | €68,167 | +€58,277 | +589% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,110 | €6,167 | +€58,277 | |
| Amounts payable | 17/49 | €1,746,632 | €1,552,527 | -€194,105 | -11.1% |
| Amounts payable after more than one year | 17 | €1,600,430 | €1,454,790 | -€145,640 | -9.1% |
| Financial debts | 170/4 | €1,348,722 | €1,283,082 | -€65,640 | -4.9% |
| Other amounts payable | 178/9 | €251,708 | €171,708 | -€80,000 | -31.8% |
| Amounts payable within one year | 42/48 | €146,202 | €97,737 | -€48,465 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €73,264 | €75,640 | +€2,376 | +3.2% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €11,760 | €9,873 | -€1,887 | -16.0% |
| Suppliers | 440/4 | €11,760 | €9,873 | -€1,887 | -16.0% |
| Taxes, remuneration and social security | 45 | €11,177 | €12,224 | +€1,047 | +9.4% |
| Taxes | 450/3 | €11,177 | €12,224 | +€1,047 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,947 | €79,824 | +€2,877 | +3.7% |
| Other operating charges | 640/8 | €65,421 | €13,133 | -€52,288 | -79.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €258,178 | €183,811 | -€74,367 | -28.8% |
| Operating profit (loss) | 9901 | €115,809 | €90,853 | -€24,956 | -21.5% |
| Financial charges | 65/66B | €18,618 | €30,160 | +€11,542 | +62.0% |
| Recurring financial charges | 65 | €18,618 | €30,160 | +€11,542 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €97,192 | €60,693 | -€36,498 | -37.6% |
| Income taxes | 67/77 | - | €2,416 | +€2,416 | |
| Profit (loss) for the period | 9904 | €97,192 | €58,277 | -€38,915 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,192 | €58,277 | -€38,915 | -40.0% |
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 28 October 2026 via checked.be.