HOT COUTURE: 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.
HOT COUTURE
Largest movements
- Stocks and contracts -€20,578
down €20,578 (-6.8%), from €304,498 to €283,919
- Cash -€13,222
down €13,222 (-20.1%), from €65,747 to €52,525
mainly Net result for the year (-€54,052) and Trade debts (-€5,035)
- Receivables within one year +€4,931
up €4,931 (+58.1%), from €8,495 to €13,426
- Profit (loss) carried forward -€54,052
down €54,052 (-23.1%), from -€234,382 to -€288,434
- Debts after one year +€30,089
up €30,089 (+8.4%), from €360,244 to €390,332
- Trade debts -€5,035
down €5,035 (-47.5%), from €10,608 to €5,573
- Tax, wage and social debts -€4,147
down €4,147 (-11.4%), from €36,473 to €32,326
of which Remuneration and social security: -€2,335
- Gross operating margin -€41,745
down €41,745 (-48.1%), from €86,798 to €45,053
- Write-downs -€14,391
down €14,391 (-26.9%), from €53,435 to €39,043
- Financial charges -€8,401
down €8,401 (-53.0%), from €15,836 to €7,435
- Staff costs -€1,901
down €1,901 (-3.9%), from €49,058 to €47,157
- Other operating charges +€1,172
up €1,172 (+178%), from €658 to €1,831
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 | €401,250 | €368,105 | -€33,145 | -8.3% |
| Fixed assets | 21/28 | €13,531 | €11,820 | -€1,711 | -12.6% |
| Tangible fixed assets | 22/27 | €7,896 | €6,185 | -€1,711 | -21.7% |
| Plant, machinery and equipment | 23 | €1,019 | €509 | -€509 | -50.0% |
| Furniture and vehicles | 24 | €3,179 | €3,051 | -€128 | -4.0% |
| Other tangible fixed assets | 26 | €3,698 | €2,624 | -€1,073 | -29.0% |
| Financial fixed assets | 28 | €5,635 | €5,635 | = | 0.0% |
| Current assets | 29/58 | €387,719 | €356,285 | -€31,434 | -8.1% |
| Stocks and contracts in progress | 3 | €304,498 | €283,919 | -€20,578 | -6.8% |
| Stocks | 30/36 | €304,498 | €283,919 | -€20,578 | -6.8% |
| Amounts receivable within one year | 40/41 | €8,495 | €13,426 | +€4,931 | +58.1% |
| Other amounts receivable | 41 | €8,495 | €13,426 | +€4,931 | +58.1% |
| Cash at bank and in hand | 54/58 | €65,747 | €52,525 | -€13,222 | -20.1% |
| Deferred charges and accrued income | 490/1 | €8,979 | €6,414 | -€2,565 | -28.6% |
| Total equity and liabilities | 10/49 | €401,250 | €368,105 | -€33,145 | -8.3% |
| Equity | 10/15 | -€6,074 | -€60,126 | -€54,052 | -890% |
| Contributions | 10/11 | €221,960 | €221,960 | = | 0.0% |
| Capital | 10 | €221,960 | €221,960 | = | 0.0% |
| Issued capital | 100 | €221,960 | €221,960 | = | 0.0% |
| Reserves | 13 | €6,348 | €6,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €148 | €148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,382 | -€288,434 | -€54,052 | -23.1% |
| Amounts payable | 17/49 | €407,324 | €428,231 | +€20,907 | +5.1% |
| Amounts payable after more than one year | 17 | €360,244 | €390,332 | +€30,089 | +8.4% |
| Other amounts payable | 178/9 | €360,244 | €390,332 | +€30,089 | +8.4% |
| Amounts payable within one year | 42/48 | €47,081 | €37,899 | -€9,182 | -19.5% |
| Trade debts | 44 | €10,608 | €5,573 | -€5,035 | -47.5% |
| Suppliers | 440/4 | €10,608 | €5,573 | -€5,035 | -47.5% |
| Taxes, remuneration and social security | 45 | €36,473 | €32,326 | -€4,147 | -11.4% |
| Taxes | 450/3 | €24,857 | €23,045 | -€1,812 | -7.3% |
| Remuneration and social security | 454/9 | €11,616 | €9,281 | -€2,335 | -20.1% |
| Remuneration, social security and pensions | 62 | €49,058 | €47,157 | -€1,901 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,582 | €3,467 | -€115 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,435 | €39,043 | -€14,391 | -26.9% |
| Other operating charges | 640/8 | €658 | €1,831 | +€1,172 | +178% |
| Gross operating margin | 9900 | €86,798 | €45,053 | -€41,745 | -48.1% |
| Operating profit (loss) | 9901 | -€19,935 | -€46,445 | -€26,510 | -133% |
| Financial income | 75/76B | €92 | €151 | +€59 | +64.2% |
| Recurring financial income | 75 | €92 | €151 | +€59 | +64.2% |
| Financial charges | 65/66B | €15,836 | €7,435 | -€8,401 | -53.0% |
| Recurring financial charges | 65 | €15,836 | €7,435 | -€8,401 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,679 | -€53,730 | -€18,051 | -50.6% |
| Income taxes | 67/77 | €301 | €322 | +€21 | +6.9% |
| Profit (loss) for the period | 9904 | -€35,981 | -€54,052 | -€18,071 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,981 | -€54,052 | -€18,071 | -50.2% |
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 20 October 2026 via checked.be.