HOTAH: 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.
HOTAH
Largest movements
- Cash -€23,416
down €23,416 (-55.9%), from €41,877 to €18,462
mainly Trade debts (-€34,469) and Contributions, distributions and other (-€15,667)
- Receivables within one year -€5,552
down €5,552 (-15.4%), from €36,097 to €30,545
of which Trade receivables: -€12,061
- Deferred charges and accrued income -€1,864
no longer reported in 2025 (was €1,864)
- Trade debts -€34,469
down €34,469 (-99.9%), from €34,496 to €28
- Tax, wage and social debts +€13,591
up €13,591 (+89.1%), from €15,260 to €28,851
- Profit (loss) carried forward -€9,848
down €9,848 (-31.6%), from €31,157 to €21,309
- Gross operating margin -€16,249
down €16,249 (-73.6%), from €22,063 to €5,814
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 | €81,916 | €51,192 | -€30,725 | -37.5% |
| Fixed assets | 21/28 | €2,078 | €2,078 | = | 0.0% |
| Financial fixed assets | 28 | €2,078 | €2,078 | = | 0.0% |
| Current assets | 29/58 | €79,838 | €49,114 | -€30,725 | -38.5% |
| Amounts receivable within one year | 40/41 | €36,097 | €30,545 | -€5,552 | -15.4% |
| Trade receivables | 40 | €33,675 | €21,614 | -€12,061 | -35.8% |
| Other amounts receivable | 41 | €2,422 | €8,932 | +€6,509 | +268.7% |
| Current investments | 50/53 | - | €107 | +€107 | |
| Cash at bank and in hand | 54/58 | €41,877 | €18,462 | -€23,416 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,864 | - | -€1,864 | |
| Total equity and liabilities | 10/49 | €81,916 | €51,192 | -€30,725 | -37.5% |
| Equity | 10/15 | €32,157 | €22,309 | -€9,848 | -30.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,157 | €21,309 | -€9,848 | -31.6% |
| Amounts payable | 17/49 | €49,759 | €28,882 | -€20,877 | -42.0% |
| Amounts payable within one year | 42/48 | €49,759 | €28,882 | -€20,877 | -42.0% |
| Trade debts | 44 | €34,496 | €28 | -€34,469 | -99.9% |
| Suppliers | 440/4 | €34,496 | €28 | -€34,469 | -99.9% |
| Taxes, remuneration and social security | 45 | €15,260 | €28,851 | +€13,591 | +89.1% |
| Taxes | 450/3 | €15,260 | €28,851 | +€13,591 | +89.1% |
| Other amounts payable | 47/48 | €3 | €3 | = | 0.0% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €22,063 | €5,814 | -€16,249 | -73.6% |
| Operating profit (loss) | 9901 | €21,999 | €5,814 | -€16,185 | -73.6% |
| Financial income | 75/76B | €182 | €151 | -€30 | -16.7% |
| Recurring financial income | 75 | €182 | €151 | -€30 | -16.7% |
| Financial charges | 65/66B | €199 | €146 | -€53 | -26.6% |
| Recurring financial charges | 65 | €199 | €146 | -€53 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €21,982 | €5,820 | -€16,163 | -73.5% |
| Income taxes | 67/77 | €54 | - | -€54 | |
| Profit (loss) for the period | 9904 | €21,928 | €5,820 | -€16,108 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,928 | €5,820 | -€16,108 | -73.5% |
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 4 October 2026 via checked.be.