HOTEI CONCEPT: 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.
HOTEI CONCEPT
Largest movements
- Tangible fixed assets +€14,909
up €14,909 (+11.5%), from €129,816 to €144,725
of which Other tangible fixed assets: +€21,638
- Receivables within one year -€13,064
down €13,064 (-27.8%), from €47,034 to €33,970
of which Trade receivables: -€13,148
- Cash -€9,375
down €9,375 (-84.6%), from €11,082 to €1,707
mainly Debts after one year (-€52,288) and Investment in fixed assets (net) (-€30,535)
- Debts after one year -€52,288
down €52,288 (-38.8%), from €134,808 to €82,521
- Other debts +€27,686
up €27,686 (+116%), from €23,960 to €51,647
- Reserves +€23,280
up €23,280 (+216%), from €10,802 to €34,082
- Trade debts -€14,700
down €14,700 (-52.2%), from €28,164 to €13,464
- Short-term financial debts +€6,000
new in 2024: €6,000
- Gross operating margin +€13,516
up €13,516 (+20.1%), from €67,182 to €80,699
- Taxes +€5,271
up €5,271 (+105%), from €5,024 to €10,294
- Financial charges -€4,479
down €4,479 (-47.2%), from €9,479 to €5,001
- Other operating charges -€2,092
down €2,092 (-7.3%), from €28,589 to €26,497
- Depreciation +€1,514
up €1,514 (+10.7%), from €14,113 to €15,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,971 | €184,209 | -€8,762 | -4.5% |
| Fixed assets | 21/28 | €131,316 | €146,225 | +€14,909 | +11.4% |
| Tangible fixed assets | 22/27 | €129,816 | €144,725 | +€14,909 | +11.5% |
| Land and buildings | 22 | €97,260 | €93,033 | -€4,227 | -4.3% |
| Furniture and vehicles | 24 | €6,555 | €10,064 | +€3,509 | +53.5% |
| Leasing and similar rights | 25 | €10,001 | €3,991 | -€6,011 | -60.1% |
| Other tangible fixed assets | 26 | €16,000 | €37,638 | +€21,638 | +135% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €61,655 | €37,984 | -€23,671 | -38.4% |
| Amounts receivable within one year | 40/41 | €47,034 | €33,970 | -€13,064 | -27.8% |
| Trade receivables | 40 | €29,152 | €16,004 | -€13,148 | -45.1% |
| Other amounts receivable | 41 | €17,882 | €17,966 | +€84 | +0.5% |
| Cash at bank and in hand | 54/58 | €11,082 | €1,707 | -€9,375 | -84.6% |
| Deferred charges and accrued income | 490/1 | €3,539 | €2,307 | -€1,232 | -34.8% |
| Total equity and liabilities | 10/49 | €192,971 | €184,209 | -€8,762 | -4.5% |
| Equity | 10/15 | -€49,550 | -€26,269 | +€23,280 | +47.0% |
| Contributions | 10/11 | €18,682 | €18,682 | = | 0.0% |
| Reserves | 13 | €10,802 | €34,082 | +€23,280 | +216% |
| Distributable reserves | 133 | €10,802 | €34,082 | +€23,280 | +216% |
| Profit (loss) carried forward | 14 | -€79,034 | -€79,034 | = | 0.0% |
| Amounts payable | 17/49 | €242,521 | €210,478 | -€32,043 | -13.2% |
| Amounts payable after more than one year | 17 | €134,808 | €82,521 | -€52,288 | -38.8% |
| Financial debts | 170/4 | €134,808 | €82,521 | -€52,288 | -38.8% |
| Amounts payable within one year | 42/48 | €106,649 | €126,102 | +€19,453 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €47,785 | €46,310 | -€1,475 | -3.1% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Credit institutions | 430/8 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €28,164 | €13,464 | -€14,700 | -52.2% |
| Suppliers | 440/4 | €28,164 | €13,464 | -€14,700 | -52.2% |
| Taxes, remuneration and social security | 45 | €6,740 | €8,682 | +€1,942 | +28.8% |
| Taxes | 450/3 | €6,740 | €8,682 | +€1,942 | +28.8% |
| Other amounts payable | 47/48 | €23,960 | €51,647 | +€27,686 | +116% |
| Accrued charges and deferred income | 492/3 | €1,064 | €1,856 | +€792 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €15,626 | +€1,514 | +10.7% |
| Other operating charges | 640/8 | €28,589 | €26,497 | -€2,092 | -7.3% |
| Gross operating margin | 9900 | €67,182 | €80,699 | +€13,516 | +20.1% |
| Operating profit (loss) | 9901 | €24,481 | €38,575 | +€14,095 | +57.6% |
| Financial income | 75/76B | €824 | - | -€824 | |
| Recurring financial income | 75 | €824 | - | -€824 | |
| Financial charges | 65/66B | €9,479 | €5,001 | -€4,479 | -47.2% |
| Recurring financial charges | 65 | €9,479 | €5,001 | -€4,479 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €15,826 | €33,575 | +€17,749 | +112% |
| Income taxes | 67/77 | €5,024 | €10,294 | +€5,271 | +105% |
| Profit (loss) for the period | 9904 | €10,802 | €23,280 | +€12,478 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €10,802 | €23,280 | +€12,478 | +116% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.