HOSPEC: 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.
HOSPEC
Largest movements
- Receivables within one year -€33,121
down €33,121 (-83.6%), from €39,622 to €6,501
of which Trade receivables: -€33,170
- Cash -€28,336
down €28,336 (-84.3%), from €33,607 to €5,271
mainly Trade debts (-€49,345) and Tax, wage and social debts (-€14,459)
- Tangible fixed assets -€9,307
down €9,307 (-40.7%), from €22,880 to €13,573
of which Plant, machinery and equipment: -€4,662
- Deferred charges and accrued income +€1,588
new in 2024: €1,588
- Trade debts -€49,345
down €49,345 (-78.8%), from €62,650 to €13,305
- Tax, wage and social debts -€14,459
down €14,459 (-79.0%), from €18,297 to €3,838
of which Remuneration and social security: -€8,849
- Other debts -€3,015
down €3,015 (-10.0%), from €30,035 to €27,021
- Advances received -€2,348
down €2,348 (-100.0%), from €2,348 to €0
- Gross operating margin +€5,548
up €5,548 (+48.6%), from €11,417 to €16,965
- Financial charges -€5,115
down €5,115 (-85.5%), from €5,980 to €865
- Other operating charges +€2,188
up €2,188 (+40.0%), from €5,470 to €7,657
- Depreciation +€1,131
up €1,131 (+13.8%), from €8,176 to €9,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,636 | €38,391 | -€70,245 | -64.7% |
| Fixed assets | 21/28 | €29,684 | €19,909 | -€9,775 | -32.9% |
| Tangible fixed assets | 22/27 | €22,880 | €13,573 | -€9,307 | -40.7% |
| Plant, machinery and equipment | 23 | €12,682 | €8,020 | -€4,662 | -36.8% |
| Furniture and vehicles | 24 | €8,861 | €4,710 | -€4,151 | -46.8% |
| Other tangible fixed assets | 26 | €1,336 | €843 | -€494 | -36.9% |
| Financial fixed assets | 28 | €6,804 | €6,336 | -€468 | -6.9% |
| Current assets | 29/58 | €78,952 | €18,482 | -€60,471 | -76.6% |
| Stocks and contracts in progress | 3 | €5,723 | €5,121 | -€602 | -10.5% |
| Stocks | 30/36 | €5,723 | €5,121 | -€602 | -10.5% |
| Amounts receivable within one year | 40/41 | €39,622 | €6,501 | -€33,121 | -83.6% |
| Trade receivables | 40 | €39,601 | €6,430 | -€33,170 | -83.8% |
| Other amounts receivable | 41 | €22 | €71 | +€49 | +228.3% |
| Cash at bank and in hand | 54/58 | €33,607 | €5,271 | -€28,336 | -84.3% |
| Deferred charges and accrued income | 490/1 | - | €1,588 | +€1,588 | |
| Total equity and liabilities | 10/49 | €108,636 | €38,391 | -€70,245 | -64.7% |
| Equity | 10/15 | -€5,204 | -€6,063 | -€859 | -16.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,204 | -€9,063 | -€859 | -10.5% |
| Amounts payable | 17/49 | €113,840 | €44,454 | -€69,386 | -61.0% |
| Amounts payable within one year | 42/48 | €113,329 | €44,163 | -€69,166 | -61.0% |
| Trade debts | 44 | €62,650 | €13,305 | -€49,345 | -78.8% |
| Suppliers | 440/4 | €62,650 | €13,305 | -€49,345 | -78.8% |
| Advances received on contracts in progress | 46 | €2,348 | €0 | -€2,348 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,297 | €3,838 | -€14,459 | -79.0% |
| Taxes | 450/3 | €9,448 | €3,838 | -€5,610 | -59.4% |
| Remuneration and social security | 454/9 | €8,849 | €0 | -€8,849 | -100.0% |
| Other amounts payable | 47/48 | €30,035 | €27,021 | -€3,015 | -10.0% |
| Accrued charges and deferred income | 492/3 | €511 | €291 | -€220 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,176 | €9,307 | +€1,131 | +13.8% |
| Other operating charges | 640/8 | €5,470 | €7,657 | +€2,188 | +40.0% |
| Gross operating margin | 9900 | €11,417 | €16,965 | +€5,548 | +48.6% |
| Operating profit (loss) | 9901 | -€2,229 | €1 | +€2,230 | |
| Financial income | 75/76B | €7 | €7 | +€0 | +2.3% |
| Recurring financial income | 75 | €7 | €7 | +€0 | +2.3% |
| Financial charges | 65/66B | €5,980 | €865 | -€5,115 | -85.5% |
| Recurring financial charges | 65 | €5,980 | €865 | -€5,115 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,202 | -€857 | +€7,345 | +89.5% |
| Income taxes | 67/77 | €2 | €2 | +€0 | +0.5% |
| Profit (loss) for the period | 9904 | -€8,204 | -€859 | +€7,345 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,204 | -€859 | +€7,345 | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.