HOSWHO: 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.
HOSWHO
Largest movements
- Cash -€23,953
down €23,953 (-43.2%), from €55,490 to €31,537
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€10,154)
- Receivables within one year +€10,154
up €10,154 (+54,503%), from €19 to €10,173
- Deferred charges and accrued income +€1,468
new in 2025: €1,468
- Profit (loss) carried forward -€13,437
down €13,437 (-81.0%), from €16,581 to €3,144
- Tax, wage and social debts +€5,646
up €5,646 (+52.0%), from €10,865 to €16,512
- Other debts -€4,549
down €4,549 (-77.8%), from €5,848 to €1,299
- Trade debts -€1,117
down €1,117 (-48.7%), from €2,295 to €1,178
- Current portion of long-term debt +€668
new in 2025: €668
- Gross operating margin -€18,297
down €18,297 (-51.5%), from €35,518 to €17,222
- Taxes -€3,810
down €3,810 (-49.8%), from €7,651 to €3,841
- Depreciation -€2,185
down €2,185 (-82.7%), from €2,642 to €457
- Write-downs -€711
down €711 (-100%), from €711 to €0
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 | €56,049 | €43,260 | -€12,788 | -22.8% |
| Fixed assets | 21/28 | €540 | €83 | -€457 | -84.7% |
| Tangible fixed assets | 22/27 | €540 | €83 | -€457 | -84.7% |
| Plant, machinery and equipment | 23 | €105 | €0 | -€105 | -100% |
| Furniture and vehicles | 24 | €352 | €0 | -€352 | -100% |
| Assets under construction and advance payments | 27 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €55,509 | €43,178 | -€12,331 | -22.2% |
| Amounts receivable within one year | 40/41 | €19 | €10,173 | +€10,154 | +54,503% |
| Other amounts receivable | 41 | €19 | €10,173 | +€10,154 | +54,503% |
| Cash at bank and in hand | 54/58 | €55,490 | €31,537 | -€23,953 | -43.2% |
| Deferred charges and accrued income | 490/1 | - | €1,468 | +€1,468 | |
| Total equity and liabilities | 10/49 | €56,049 | €43,260 | -€12,788 | -22.8% |
| Equity | 10/15 | €37,041 | €23,604 | -€13,437 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,581 | €3,144 | -€13,437 | -81.0% |
| Amounts payable | 17/49 | €19,008 | €19,656 | +€648 | +3.4% |
| Amounts payable within one year | 42/48 | €19,008 | €19,656 | +€648 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €668 | +€668 | |
| Trade debts | 44 | €2,295 | €1,178 | -€1,117 | -48.7% |
| Suppliers | 440/4 | €2,295 | €1,178 | -€1,117 | -48.7% |
| Taxes, remuneration and social security | 45 | €10,865 | €16,512 | +€5,646 | +52.0% |
| Taxes | 450/3 | €10,865 | €16,512 | +€5,646 | +52.0% |
| Other amounts payable | 47/48 | €5,848 | €1,299 | -€4,549 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,642 | €457 | -€2,185 | -82.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €711 | €0 | -€711 | -100% |
| Other operating charges | 640/8 | €1,061 | €1,286 | +€225 | +21.2% |
| Gross operating margin | 9900 | €35,518 | €17,222 | -€18,297 | -51.5% |
| Operating profit (loss) | 9901 | €31,104 | €15,479 | -€15,626 | -50.2% |
| Financial income | 75/76B | €11 | €1 | -€10 | -89.6% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -89.6% |
| Financial charges | 65/66B | €88 | €76 | -€12 | -13.8% |
| Recurring financial charges | 65 | €88 | €76 | -€12 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €31,028 | €15,404 | -€15,624 | -50.4% |
| Income taxes | 67/77 | €7,651 | €3,841 | -€3,810 | -49.8% |
| Profit (loss) for the period | 9904 | €23,377 | €11,563 | -€11,813 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,377 | €11,563 | -€11,813 | -50.5% |
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 31 October 2026 via checked.be.