HOTEP ADVISORY MANAGEMENT: what changed
HOTEP ADVISORY MANAGEMENT
Largest movements
- Receivables within one year +€16,388
up €16,388 (+35.6%), from €46,089 to €62,477
of which Trade receivables: +€17,019
- Deferred charges and accrued income -€5,314
down €5,314 (-27.2%), from €19,505 to €14,192
- Tangible fixed assets +€2,620
up €2,620 (+316%), from €828 to €3,448
of which Furniture and vehicles: +€3,448
- Cash -€1,314
down €1,314 (-23.6%), from €5,573 to €4,259
mainly Receivables within one year (-€16,388) and Investment in fixed assets (net) (-€4,229)
- Reserves +€17,515
up €17,515 (+657%), from €2,664 to €20,179
of which Distributable reserves: +€17,515
- Other debts -€3,185
down €3,185 (-22.6%), from €14,078 to €10,893
- Tax, wage and social debts -€1,819
down €1,819 (-39.1%), from €4,653 to €2,834
- Other operating charges -€2,449
down €2,449 (-73.6%), from €3,327 to €878
- Taxes +€1,284
up €1,284 (+23.1%), from €5,550 to €6,834
- Gross operating margin +€1,153
up €1,153 (+4.0%), from €28,992 to €30,145
- Financial charges -€635
down €635 (-16.1%), from €3,946 to €3,311
- Depreciation +€407
up €407 (+33.8%), from €1,203 to €1,609
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,996 | €84,376 | +€12,380 | +17.2% |
| Fixed assets | 21/28 | €828 | €3,448 | +€2,620 | +316% |
| Tangible fixed assets | 22/27 | €828 | €3,448 | +€2,620 | +316% |
| Plant, machinery and equipment | 23 | €828 | €0 | -€828 | -100% |
| Furniture and vehicles | 24 | - | €3,448 | +€3,448 | |
| Current assets | 29/58 | €71,167 | €80,928 | +€9,760 | +13.7% |
| Amounts receivable within one year | 40/41 | €46,089 | €62,477 | +€16,388 | +35.6% |
| Trade receivables | 40 | €36,892 | €53,911 | +€17,019 | +46.1% |
| Other amounts receivable | 41 | €9,197 | €8,566 | -€631 | -6.9% |
| Cash at bank and in hand | 54/58 | €5,573 | €4,259 | -€1,314 | -23.6% |
| Deferred charges and accrued income | 490/1 | €19,505 | €14,192 | -€5,314 | -27.2% |
| Total equity and liabilities | 10/49 | €71,996 | €84,376 | +€12,380 | +17.2% |
| Equity | 10/15 | €21,264 | €38,779 | +€17,515 | +82.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,664 | €20,179 | +€17,515 | +657% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,664 | €20,179 | +€17,515 | +657% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,732 | €45,597 | -€5,135 | -10.1% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,732 | €20,597 | -€5,135 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,000 | €6,869 | -€131 | -1.9% |
| Suppliers | 440/4 | €7,000 | €6,869 | -€131 | -1.9% |
| Taxes, remuneration and social security | 45 | €4,653 | €2,834 | -€1,819 | -39.1% |
| Taxes | 450/3 | €4,653 | €2,834 | -€1,819 | -39.1% |
| Other amounts payable | 47/48 | €14,078 | €10,893 | -€3,185 | -22.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €1,609 | +€407 | +33.8% |
| Other operating charges | 640/8 | €3,327 | €878 | -€2,449 | -73.6% |
| Gross operating margin | 9900 | €28,992 | €30,145 | +€1,153 | +4.0% |
| Operating profit (loss) | 9901 | €24,463 | €27,658 | +€3,195 | +13.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,946 | €3,311 | -€635 | -16.1% |
| Recurring financial charges | 65 | €3,946 | €3,311 | -€635 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €20,517 | €24,349 | +€3,832 | +18.7% |
| Income taxes | 67/77 | €5,550 | €6,834 | +€1,284 | +23.1% |
| Profit (loss) for the period | 9904 | €14,967 | €17,515 | +€2,548 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,967 | €17,515 | +€2,548 | +17.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.