HOT WIND: 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 WIND
Largest movements
- Receivables within one year -€40,423
down €40,423 (-17.8%), from €226,532 to €186,110
of which Trade receivables: -€48,100
- Tangible fixed assets -€2,877
down €2,877 (-88.8%), from €3,239 to €363
- Profit (loss) carried forward -€60,083
down €60,083 (-63.5%), from €94,665 to €34,582
- Tax, wage and social debts +€45,651
up €45,651 (+92.6%), from €49,310 to €94,960
of which Taxes: +€43,641
- Trade debts -€25,700
down €25,700 (-38.1%), from €67,524 to €41,824
- Current portion of long-term debt -€2,534
down €2,534 (-79.0%), from €3,207 to €672
- Gross operating margin -€52,451
down €52,451, from €39,279 to -€13,172
- Other operating charges +€20,128
up €20,128 (+614%), from €3,277 to €23,405
- Staff costs -€7,355
down €7,355 (-92.9%), from €7,916 to €561
- Taxes +€5,915
up €5,915 (+80.3%), from €7,370 to €13,285
- Financial charges +€2,887
up €2,887 (+449%), from €642 to €3,530
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 | €242,826 | €199,439 | -€43,387 | -17.9% |
| Fixed assets | 21/28 | €4,339 | €1,463 | -€2,877 | -66.3% |
| Tangible fixed assets | 22/27 | €3,239 | €363 | -€2,877 | -88.8% |
| Furniture and vehicles | 24 | €3,239 | €363 | -€2,877 | -88.8% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €238,487 | €197,977 | -€40,510 | -17.0% |
| Stocks and contracts in progress | 3 | €10,300 | €10,300 | = | 0.0% |
| Stocks | 30/36 | €10,300 | €10,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,532 | €186,110 | -€40,423 | -17.8% |
| Trade receivables | 40 | €201,792 | €153,692 | -€48,100 | -23.8% |
| Other amounts receivable | 41 | €24,740 | €32,417 | +€7,677 | +31.0% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,554 | €1,387 | -€167 | -10.7% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €242,826 | €199,439 | -€43,387 | -17.9% |
| Equity | 10/15 | €122,065 | €61,982 | -€60,083 | -49.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,665 | €34,582 | -€60,083 | -63.5% |
| Amounts payable | 17/49 | €120,761 | €137,457 | +€16,696 | +13.8% |
| Amounts payable after more than one year | 17 | €672 | - | -€672 | |
| Financial debts | 170/4 | €672 | - | -€672 | |
| Amounts payable within one year | 42/48 | €120,040 | €137,457 | +€17,416 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €3,207 | €672 | -€2,534 | -79.0% |
| Trade debts | 44 | €67,524 | €41,824 | -€25,700 | -38.1% |
| Suppliers | 440/4 | €67,524 | €41,824 | -€25,700 | -38.1% |
| Taxes, remuneration and social security | 45 | €49,310 | €94,960 | +€45,651 | +92.6% |
| Taxes | 450/3 | €49,310 | €92,950 | +€43,641 | +88.5% |
| Remuneration and social security | 454/9 | €0 | €2,010 | +€2,010 | |
| Accrued charges and deferred income | 492/3 | €48 | - | -€48 | |
| Remuneration, social security and pensions | 62 | €7,916 | €561 | -€7,355 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,877 | €2,877 | = | 0.0% |
| Other operating charges | 640/8 | €3,277 | €23,405 | +€20,128 | +614% |
| Non-recurring operating charges | 66A | - | €4,729 | +€4,729 | |
| Gross operating margin | 9900 | €39,279 | -€13,172 | -€52,451 | |
| Operating profit (loss) | 9901 | €25,209 | -€44,744 | -€69,953 | |
| Financial income | 75/76B | €0 | €1,476 | +€1,476 | +4,920,433% |
| Recurring financial income | 75 | €0 | €1,476 | +€1,476 | +4,920,433% |
| Financial charges | 65/66B | €642 | €3,530 | +€2,887 | +449% |
| Recurring financial charges | 65 | €642 | €3,530 | +€2,887 | +449% |
| Profit (loss) for the period before taxes | 9903 | €24,566 | -€46,797 | -€71,364 | |
| Income taxes | 67/77 | €7,370 | €13,285 | +€5,915 | +80.3% |
| Profit (loss) for the period | 9904 | €17,196 | -€60,083 | -€77,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,196 | -€60,083 | -€77,279 |
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 13 October 2026 via checked.be.