HOTEX: 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.
HOTEX
Largest movements
- Receivables within one year +€181,020
up €181,020 (+14.4%), from €1.3m to €1.4m
of which Trade receivables: +€146,807
- Tangible fixed assets -€60,048
down €60,048 (-87.5%), from €68,599 to €8,550
of which Land and buildings: -€57,075
- Tax, wage and social debts +€96,209
up €96,209 (+70.0%), from €137,503 to €233,712
- Trade debts +€85,401
up €85,401 (+15.7%), from €544,276 to €629,677
- Other debts -€82,070
down €82,070 (-56.4%), from €145,598 to €63,528
- Debts after one year -€41,943
down €41,943 (-14.7%), from €286,104 to €244,162
- Profit (loss) carried forward +€40,615
no longer reported in 2024 (was -€40,615)
- Gross operating margin +€79,443
up €79,443 (+145.7%), from €54,526 to €133,969
- Depreciation -€31,497
down €31,497 (-34.4%), from €91,545 to €60,048
- Taxes +€24,193
new in 2024: €24,193
- Financial charges -€10,731
down €10,731 (-47.4%), from €22,650 to €11,919
- Financial income +€5,411
up €5,411 (+18.8%), from €28,802 to €34,213
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.
Cash bridge derived
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 | €1,338,724 | €1,459,077 | +€120,354 | +9.0% |
| Fixed assets | 21/28 | €78,661 | €18,613 | -€60,048 | -76.3% |
| Tangible fixed assets | 22/27 | €68,599 | €8,550 | -€60,048 | -87.5% |
| Land and buildings | 22 | €59,712 | €2,637 | -€57,075 | -95.6% |
| Plant, machinery and equipment | 23 | €8,339 | €5,679 | -€2,661 | -31.9% |
| Other tangible fixed assets | 26 | €547 | €235 | -€313 | -57.1% |
| Financial fixed assets | 28 | €10,063 | €10,063 | = | 0.0% |
| Current assets | 29/58 | €1,260,062 | €1,440,464 | +€180,402 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,257,902 | €1,438,922 | +€181,020 | +14.4% |
| Trade receivables | 40 | €571,318 | €718,125 | +€146,807 | +25.7% |
| Other amounts receivable | 41 | €686,585 | €720,797 | +€34,213 | +5.0% |
| Cash at bank and in hand | 54/58 | €2,160 | €1,542 | -€618 | -28.6% |
| Total equity and liabilities | 10/49 | €1,338,724 | €1,459,077 | +€120,354 | +9.0% |
| Equity | 10/15 | €180,258 | €242,867 | +€62,609 | +34.7% |
| Contributions | 10/11 | €200,794 | €200,794 | = | 0.0% |
| Capital | 10 | €200,794 | €200,794 | = | 0.0% |
| Issued capital | 100 | €200,794 | €200,794 | = | 0.0% |
| Reserves | 13 | €20,079 | €42,073 | +€21,993 | +109.5% |
| Non-distributable reserves | 130/1 | €20,079 | €20,079 | = | 0.0% |
| Legal reserve | 130 | €20,079 | €20,079 | = | 0.0% |
| Distributable reserves | 133 | - | €21,993 | +€21,993 | |
| Profit (loss) carried forward | 14 | -€40,615 | - | +€40,615 | |
| Amounts payable | 17/49 | €1,158,466 | €1,216,210 | +€57,745 | +5.0% |
| Amounts payable after more than one year | 17 | €286,104 | €244,162 | -€41,943 | -14.7% |
| Financial debts | 170/4 | €286,104 | €244,162 | -€41,943 | -14.7% |
| Amounts payable within one year | 42/48 | €871,761 | €972,049 | +€100,288 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €44,384 | €45,132 | +€747 | +1.7% |
| Trade debts | 44 | €544,276 | €629,677 | +€85,401 | +15.7% |
| Suppliers | 440/4 | €544,276 | €629,677 | +€85,401 | +15.7% |
| Taxes, remuneration and social security | 45 | €137,503 | €233,712 | +€96,209 | +70.0% |
| Taxes | 450/3 | €137,503 | €233,712 | +€96,209 | +70.0% |
| Other amounts payable | 47/48 | €145,598 | €63,528 | -€82,070 | -56.4% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,545 | €60,048 | -€31,497 | -34.4% |
| Other operating charges | 640/8 | €5,533 | €9,413 | +€3,880 | +70.1% |
| Gross operating margin | 9900 | €54,526 | €133,969 | +€79,443 | +145.7% |
| Operating profit (loss) | 9901 | -€42,551 | €64,508 | +€107,059 | |
| Financial income | 75/76B | €28,802 | €34,213 | +€5,411 | +18.8% |
| Recurring financial income | 75 | €28,802 | €34,213 | +€5,411 | +18.8% |
| Financial charges | 65/66B | €22,650 | €11,919 | -€10,731 | -47.4% |
| Recurring financial charges | 65 | €22,650 | €11,919 | -€10,731 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,399 | €86,802 | +€123,201 | |
| Income taxes | 67/77 | - | €24,193 | +€24,193 | |
| Profit (loss) for the period | 9904 | -€36,399 | €62,609 | +€99,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,399 | €62,609 | +€99,008 |
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 12 October 2026 via checked.be.