HOTECH: 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.
HOTECH
Largest movements
- Financial fixed assets +€80,000
up €80,000 (+133.3%), from €60,000 to €140,000
- Cash -€61,182
down €61,182 (-88.2%), from €69,398 to €8,216
mainly Investment in fixed assets (net) (-€80,000) and Receivables after one year (-€23,047)
- Tangible fixed assets -€39,567
down €39,567 (-9.0%), from €441,128 to €401,561
of which Furniture and vehicles: -€28,390
- Receivables after one year +€23,047
up €23,047 (+2.5%), from €922,720 to €945,766
of which Other amounts receivable: +€47,181
- Reserves +€38,843
up €38,843 (+5.7%), from €685,413 to €724,256
- Gross operating margin -€16,654
down €16,654 (-11.4%), from €145,984 to €129,330
- Financial income +€8,153
up €8,153 (+163.1%), from €5,000 to €13,153
- Taxes +€6,143
up €6,143 (+48.3%), from €12,721 to €18,864
- Financial charges -€6,008
down €6,008 (-32.3%), from €18,590 to €12,582
- Staff costs +€2,440
up €2,440 (+9.6%), from €25,528 to €27,968
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 | €1,567,079 | €1,574,054 | +€6,976 | +0.4% |
| Fixed assets | 21/28 | €501,128 | €541,561 | +€40,433 | +8.1% |
| Tangible fixed assets | 22/27 | €441,128 | €401,561 | -€39,567 | -9.0% |
| Land and buildings | 22 | €362,185 | €351,008 | -€11,177 | -3.1% |
| Furniture and vehicles | 24 | €78,943 | €50,553 | -€28,390 | -36.0% |
| Financial fixed assets | 28 | €60,000 | €140,000 | +€80,000 | +133.3% |
| Current assets | 29/58 | €1,065,950 | €1,032,494 | -€33,457 | -3.1% |
| Amounts receivable after more than one year | 29 | €922,720 | €945,766 | +€23,047 | +2.5% |
| Trade receivables | 290 | €116,082 | €91,947 | -€24,134 | -20.8% |
| Other amounts receivable | 291 | €806,638 | €853,819 | +€47,181 | +5.8% |
| Stocks and contracts in progress | 3 | €41,157 | €41,157 | = | 0.0% |
| Stocks | 30/36 | €41,157 | €41,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,385 | €31,684 | +€3,299 | +11.6% |
| Trade receivables | 40 | €19,106 | €23,514 | +€4,408 | +23.1% |
| Other amounts receivable | 41 | €9,279 | €8,169 | -€1,110 | -12.0% |
| Cash at bank and in hand | 54/58 | €69,398 | €8,216 | -€61,182 | -88.2% |
| Deferred charges and accrued income | 490/1 | €4,292 | €5,671 | +€1,379 | +32.1% |
| Total equity and liabilities | 10/49 | €1,567,079 | €1,574,054 | +€6,976 | +0.4% |
| Equity | 10/15 | €772,413 | €811,256 | +€38,843 | +5.0% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €685,413 | €724,256 | +€38,843 | +5.7% |
| Distributable reserves | 133 | €685,413 | €724,256 | +€38,843 | +5.7% |
| Amounts payable | 17/49 | €794,665 | €762,798 | -€31,867 | -4.0% |
| Amounts payable after more than one year | 17 | €710,775 | €697,892 | -€12,882 | -1.8% |
| Financial debts | 170/4 | €40,190 | €6,226 | -€33,965 | -84.5% |
| Other amounts payable | 178/9 | €670,584 | €691,667 | +€21,082 | +3.1% |
| Amounts payable within one year | 42/48 | €69,942 | €55,299 | -€14,643 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €44,710 | €33,965 | -€10,745 | -24.0% |
| Financial debts | 43 | €11,304 | €11,289 | -€14 | -0.1% |
| Credit institutions | 430/8 | €11,304 | €11,289 | -€14 | -0.1% |
| Trade debts | 44 | €1,049 | €3,867 | +€2,818 | +268.6% |
| Suppliers | 440/4 | €1,049 | €3,867 | +€2,818 | +268.6% |
| Taxes, remuneration and social security | 45 | €12,879 | €6,178 | -€6,701 | -52.0% |
| Taxes | 450/3 | €10,384 | €3,880 | -€6,503 | -62.6% |
| Remuneration and social security | 454/9 | €2,495 | €2,298 | -€197 | -7.9% |
| Accrued charges and deferred income | 492/3 | €13,949 | €9,607 | -€4,342 | -31.1% |
| Remuneration, social security and pensions | 62 | €25,528 | €27,968 | +€2,440 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,971 | €39,567 | -€1,404 | -3.4% |
| Other operating charges | 640/8 | €5,901 | €4,659 | -€1,242 | -21.0% |
| Gross operating margin | 9900 | €145,984 | €129,330 | -€16,654 | -11.4% |
| Operating profit (loss) | 9901 | €73,584 | €57,136 | -€16,448 | -22.4% |
| Financial income | 75/76B | €5,000 | €13,153 | +€8,153 | +163.1% |
| Recurring financial income | 75 | €5,000 | €13,153 | +€8,153 | +163.1% |
| Financial charges | 65/66B | €18,590 | €12,582 | -€6,008 | -32.3% |
| Recurring financial charges | 65 | €18,590 | €12,582 | -€6,008 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €59,994 | €57,707 | -€2,287 | -3.8% |
| Income taxes | 67/77 | €12,721 | €18,864 | +€6,143 | +48.3% |
| Profit (loss) for the period | 9904 | €47,273 | €38,843 | -€8,430 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,273 | €38,843 | -€8,430 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.