HOST: 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.
HOST
Largest movements
- Stocks and contracts -€127,021
down €127,021 (-21.5%), from €589,575 to €462,555
- Receivables within one year -€40,868
down €40,868 (-24.5%), from €166,968 to €126,100
of which Other amounts receivable: -€51,486
- Cash +€29,692
up €29,692 (+28.7%), from €103,324 to €133,016
mainly Stocks and contracts (+€127,021) and Other debts (+€95,459)
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year -€116,985
down €116,985 (-57.8%), from €202,238 to €85,253
- Other debts +€95,459
up €95,459 (+4165.2%), from €2,292 to €97,751
- Trade debts +€51,196
up €51,196 (+219.1%), from €23,369 to €74,565
- Current portion of long-term debt -€17,075
down €17,075 (-77.7%), from €21,981 to €4,906
- Gross operating margin -€359,250
down €359,250 (-81.3%), from €442,011 to €82,761
- Taxes -€108,056
down €108,056 (-92.3%), from €117,094 to €9,038
- Financial charges -€32,320
down €32,320 (-54.0%), from €59,872 to €27,552
- Financial income -€12,496
no longer reported in 2025 (was €12,496)
of which Non-recurring financial income: -€10,852
- Depreciation +€6,819
up €6,819 (+53.9%), from €12,662 to €19,481
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.
Cash bridge derived
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 | €1,065,917 | €922,293 | -€143,624 | -13.5% |
| Fixed assets | 21/28 | €205,613 | €200,623 | -€4,991 | -2.4% |
| Tangible fixed assets | 22/27 | €205,113 | €200,123 | -€4,991 | -2.4% |
| Land and buildings | 22 | €166,772 | €160,876 | -€5,896 | -3.5% |
| Plant, machinery and equipment | 23 | €5,235 | €3,768 | -€1,467 | -28.0% |
| Furniture and vehicles | 24 | €30,934 | €33,542 | +€2,608 | +8.4% |
| Other tangible fixed assets | 26 | €2,173 | €1,937 | -€236 | -10.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €860,304 | €721,671 | -€138,633 | -16.1% |
| Stocks and contracts in progress | 3 | €589,575 | €462,555 | -€127,021 | -21.5% |
| Stocks | 30/36 | €589,575 | €462,555 | -€127,021 | -21.5% |
| Amounts receivable within one year | 40/41 | €166,968 | €126,100 | -€40,868 | -24.5% |
| Trade receivables | 40 | €17,138 | €27,756 | +€10,618 | +62.0% |
| Other amounts receivable | 41 | €149,830 | €98,344 | -€51,486 | -34.4% |
| Cash at bank and in hand | 54/58 | €103,324 | €133,016 | +€29,692 | +28.7% |
| Deferred charges and accrued income | 490/1 | €437 | - | -€437 | |
| Total equity and liabilities | 10/49 | €1,065,917 | €922,293 | -€143,624 | -13.5% |
| Equity | 10/15 | €517,946 | €529,385 | +€11,439 | +2.2% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €498,746 | €510,185 | +€11,439 | +2.3% |
| Distributable reserves | 133 | €498,746 | €510,185 | +€11,439 | +2.3% |
| Amounts payable | 17/49 | €547,971 | €392,908 | -€155,063 | -28.3% |
| Amounts payable after more than one year | 17 | €202,238 | €85,253 | -€116,985 | -57.8% |
| Financial debts | 170/4 | €202,238 | €85,253 | -€116,985 | -57.8% |
| Amounts payable within one year | 42/48 | €345,732 | €307,655 | -€38,077 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €21,981 | €4,906 | -€17,075 | -77.7% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €23,369 | €74,565 | +€51,196 | +219.1% |
| Suppliers | 440/4 | €23,369 | €74,565 | +€51,196 | +219.1% |
| Advances received on contracts in progress | 46 | €9,171 | - | -€9,171 | |
| Taxes, remuneration and social security | 45 | €138,919 | €130,434 | -€8,485 | -6.1% |
| Taxes | 450/3 | €138,919 | €130,434 | -€8,485 | -6.1% |
| Other amounts payable | 47/48 | €2,292 | €97,751 | +€95,459 | +4165.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,662 | €19,481 | +€6,819 | +53.9% |
| Other operating charges | 640/8 | €11,149 | €15,252 | +€4,102 | +36.8% |
| Non-recurring operating charges | 66A | €31,263 | - | -€31,263 | |
| Gross operating margin | 9900 | €442,011 | €82,761 | -€359,250 | -81.3% |
| Operating profit (loss) | 9901 | €386,936 | €48,029 | -€338,908 | -87.6% |
| Financial income | 75/76B | €12,496 | - | -€12,496 | |
| Recurring financial income | 75 | €1,644 | - | -€1,644 | |
| Non-recurring financial income | 76B | €10,852 | - | -€10,852 | |
| Financial charges | 65/66B | €59,872 | €27,552 | -€32,320 | -54.0% |
| Recurring financial charges | 65 | €59,872 | €27,552 | -€32,320 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €339,561 | €20,477 | -€319,085 | -94.0% |
| Income taxes | 67/77 | €117,094 | €9,038 | -€108,056 | -92.3% |
| Profit (loss) for the period | 9904 | €222,467 | €11,439 | -€211,029 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €222,467 | €11,439 | -€211,029 | -94.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.