HOTIBA: 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.
HOTIBA
Largest movements
- Cash +€149,045
up €149,045 (+167.6%), from €88,948 to €237,993
mainly Receivables within one year (+€112,686) and Net result for the year (+€82,309)
- Receivables within one year -€112,686
down €112,686 (-31.8%), from €354,703 to €242,017
of which Other amounts receivable: -€78,503
- Tangible fixed assets -€48,568
down €48,568 (-10.5%), from €463,973 to €415,405
of which Land and buildings: -€39,340
- Stocks and contracts -€20,966
down €20,966 (-35.4%), from €59,219 to €38,253
- Debts after one year -€42,687
down €42,687 (-28.5%), from €149,885 to €107,198
- Tax, wage and social debts +€36,297
up €36,297 (+1723.4%), from €2,106 to €38,403
of which Taxes: +€31,097
- Gross operating margin +€44,205
up €44,205 (+51.9%), from €85,222 to €129,428
- Taxes +€41,352
up €41,352, from -€16,324 to €25,028
- Financial income +€37,529
up €37,529 (+491.7%), from €7,632 to €45,161
- Depreciation -€10,379
down €10,379 (-17.6%), from €58,946 to €48,568
- Other operating charges -€5,803
down €5,803 (-38.1%), from €15,249 to €9,445
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 | €1,037,951 | €1,008,133 | -€29,818 | -2.9% |
| Fixed assets | 21/28 | €528,113 | €479,648 | -€48,465 | -9.2% |
| Tangible fixed assets | 22/27 | €463,973 | €415,405 | -€48,568 | -10.5% |
| Land and buildings | 22 | €444,802 | €405,463 | -€39,340 | -8.8% |
| Plant, machinery and equipment | 23 | €9,328 | €6,731 | -€2,598 | -27.8% |
| Furniture and vehicles | 24 | €3,687 | €2,496 | -€1,190 | -32.3% |
| Leasing and similar rights | 25 | €6,155 | €715 | -€5,440 | -88.4% |
| Financial fixed assets | 28 | €64,141 | €64,243 | +€103 | +0.2% |
| Current assets | 29/58 | €509,837 | €528,484 | +€18,647 | +3.7% |
| Stocks and contracts in progress | 3 | €59,219 | €38,253 | -€20,966 | -35.4% |
| Stocks | 30/36 | €59,219 | €38,253 | -€20,966 | -35.4% |
| Amounts receivable within one year | 40/41 | €354,703 | €242,017 | -€112,686 | -31.8% |
| Trade receivables | 40 | €258,942 | €224,759 | -€34,183 | -13.2% |
| Other amounts receivable | 41 | €95,761 | €17,258 | -€78,503 | -82.0% |
| Cash at bank and in hand | 54/58 | €88,948 | €237,993 | +€149,045 | +167.6% |
| Deferred charges and accrued income | 490/1 | €6,967 | €10,221 | +€3,254 | +46.7% |
| Total equity and liabilities | 10/49 | €1,037,951 | €1,008,133 | -€29,818 | -2.9% |
| Equity | 10/15 | €803,576 | €793,321 | -€10,254 | -1.3% |
| Contributions | 10/11 | €239,297 | €239,297 | = | 0.0% |
| Reserves | 13 | €413,496 | €407,624 | -€5,872 | -1.4% |
| Non-distributable reserves | 130/1 | €15,574 | €15,574 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,574 | €15,574 | = | 0.0% |
| Distributable reserves | 133 | €397,923 | €392,051 | -€5,872 | -1.5% |
| Profit (loss) carried forward | 14 | €116,712 | €116,712 | = | 0.0% |
| Investment grants | 15 | €34,070 | €29,688 | -€4,382 | -12.9% |
| Amounts payable | 17/49 | €234,375 | €214,812 | -€19,563 | -8.3% |
| Amounts payable after more than one year | 17 | €149,885 | €107,198 | -€42,687 | -28.5% |
| Financial debts | 170/4 | €149,885 | €107,198 | -€42,687 | -28.5% |
| Amounts payable within one year | 42/48 | €78,990 | €106,367 | +€27,376 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €45,794 | €42,687 | -€3,108 | -6.8% |
| Trade debts | 44 | €31,090 | €25,278 | -€5,812 | -18.7% |
| Suppliers | 440/4 | €31,090 | €25,278 | -€5,812 | -18.7% |
| Taxes, remuneration and social security | 45 | €2,106 | €38,403 | +€36,297 | +1723.4% |
| Taxes | 450/3 | €2,106 | €33,203 | +€31,097 | +1476.5% |
| Remuneration and social security | 454/9 | - | €5,200 | +€5,200 | |
| Accrued charges and deferred income | 492/3 | €5,500 | €1,247 | -€4,253 | -77.3% |
| Non-recurring operating income | 76A | €12,250 | €45,500 | +€33,250 | +271.4% |
| Remuneration, social security and pensions | 62 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,946 | €48,568 | -€10,379 | -17.6% |
| Other operating charges | 640/8 | €15,249 | €9,445 | -€5,803 | -38.1% |
| Gross operating margin | 9900 | €85,222 | €129,428 | +€44,205 | +51.9% |
| Operating profit (loss) | 9901 | €10,920 | €71,415 | +€60,495 | +554.0% |
| Financial income | 75/76B | €7,632 | €45,161 | +€37,529 | +491.7% |
| Recurring financial income | 75 | €7,632 | €45,161 | +€37,529 | +491.7% |
| Financial charges | 65/66B | €11,663 | €9,238 | -€2,425 | -20.8% |
| Recurring financial charges | 65 | €11,663 | €9,238 | -€2,425 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €6,889 | €107,338 | +€100,449 | +1458.2% |
| Income taxes | 67/77 | -€16,324 | €25,028 | +€41,352 | |
| Profit (loss) for the period | 9904 | €23,212 | €82,309 | +€59,097 | +254.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,212 | €82,309 | +€59,097 | +254.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.