HOTSHOT: 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.
HOTSHOT
Largest movements
- Receivables within one year -€7,893
down €7,893 (-23.6%), from €33,463 to €25,570
of which Trade receivables: -€7,893
- Cash -€4,197
down €4,197 (-99.8%), from €4,207 to €10
mainly Other debts (-€17,619) and Deferred charges and accrued income (-€1)
- Tangible fixed assets -€2,108
down €2,108 (-40.4%), from €5,221 to €3,113
of which Other tangible fixed assets: -€1,471
- Other debts -€17,619
down €17,619 (-78.3%), from €22,511 to €4,892
- Trade debts +€2,389
up €2,389 (+191.7%), from €1,247 to €3,636
- Tax, wage and social debts +€863
up €863 (+18.1%), from €4,774 to €5,637
- Gross operating margin -€2,358
down €2,358 (-38.7%), from €6,084 to €3,726
- Other operating charges +€752
up €752 (+2156.5%), from €35 to €787
- Taxes +€247
up €247 (+80.2%), from €308 to €554
- Depreciation -€204
down €204 (-8.8%), from €2,312 to €2,108
- Financial charges -€184
down €184 (-51.1%), from €360 to €176
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 | €42,919 | €28,722 | -€14,197 | -33.1% |
| Fixed assets | 21/28 | €5,221 | €3,113 | -€2,108 | -40.4% |
| Tangible fixed assets | 22/27 | €5,221 | €3,113 | -€2,108 | -40.4% |
| Plant, machinery and equipment | 23 | €637 | - | -€637 | |
| Other tangible fixed assets | 26 | €4,584 | €3,113 | -€1,471 | -32.1% |
| Current assets | 29/58 | €37,698 | €25,609 | -€12,089 | -32.1% |
| Amounts receivable within one year | 40/41 | €33,463 | €25,570 | -€7,893 | -23.6% |
| Trade receivables | 40 | €27,288 | €19,395 | -€7,893 | -28.9% |
| Other amounts receivable | 41 | €6,175 | €6,175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,207 | €10 | -€4,197 | -99.8% |
| Deferred charges and accrued income | 490/1 | €28 | €29 | +€1 | +3.0% |
| Total equity and liabilities | 10/49 | €42,919 | €28,722 | -€14,197 | -33.1% |
| Equity | 10/15 | €14,387 | €14,558 | +€170 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,187 | €8,358 | +€170 | +2.1% |
| Distributable reserves | 133 | €8,187 | €8,358 | +€170 | +2.1% |
| Amounts payable | 17/49 | €28,532 | €14,165 | -€14,367 | -50.4% |
| Amounts payable within one year | 42/48 | €28,532 | €14,165 | -€14,367 | -50.4% |
| Trade debts | 44 | €1,247 | €3,636 | +€2,389 | +191.7% |
| Suppliers | 440/4 | €1,247 | €3,636 | +€2,389 | +191.7% |
| Taxes, remuneration and social security | 45 | €4,774 | €5,637 | +€863 | +18.1% |
| Taxes | 450/3 | €4,774 | €5,637 | +€863 | +18.1% |
| Other amounts payable | 47/48 | €22,511 | €4,892 | -€17,619 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,312 | €2,108 | -€204 | -8.8% |
| Other operating charges | 640/8 | €35 | €787 | +€752 | +2156.5% |
| Gross operating margin | 9900 | €6,084 | €3,726 | -€2,358 | -38.7% |
| Operating profit (loss) | 9901 | €3,738 | €832 | -€2,906 | -77.8% |
| Financial income | 75/76B | €8 | €70 | +€62 | +777.1% |
| Recurring financial income | 75 | €8 | €70 | +€62 | +777.1% |
| Financial charges | 65/66B | €360 | €176 | -€184 | -51.1% |
| Recurring financial charges | 65 | €360 | €176 | -€184 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €3,385 | €725 | -€2,660 | -78.6% |
| Income taxes | 67/77 | €308 | €554 | +€247 | +80.2% |
| Profit (loss) for the period | 9904 | €3,077 | €170 | -€2,907 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,077 | €170 | -€2,907 | -94.5% |
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.