HOTTAT GUIDO: 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.
HOTTAT GUIDO
Largest movements
- Cash -€22,869
down €22,869 (-15.1%), from €150,957 to €128,087
mainly Other debts (-€18,703) and Debts after one year (-€17,144)
- Tangible fixed assets -€13,716
down €13,716 (-6.0%), from €228,083 to €214,367
- Receivables within one year +€10,501
up €10,501 (+60.2%), from €17,433 to €27,934
of which Trade receivables: +€10,172
- Reserves +€24,842
up €24,842 (+5.0%), from €494,618 to €519,460
- Other debts -€18,703
down €18,703 (-51.8%), from €36,109 to €17,406
- Debts after one year -€17,144
down €17,144 (-32.2%), from €53,296 to €36,153
- Tax, wage and social debts -€7,209
down €7,209 (-34.2%), from €21,095 to €13,886
of which Taxes: -€7,058
- Trade debts -€6,660
down €6,660 (-59.8%), from €11,140 to €4,480
- Gross operating margin -€37,138
down €37,138 (-41.3%), from €89,961 to €52,823
- Financial income -€18,829
down €18,829 (-86.2%), from €21,839 to €3,011
- Financial charges -€16,983
down €16,983 (-82.7%), from €20,527 to €3,544
- Taxes -€10,039
down €10,039 (-45.5%), from €22,067 to €12,029
- Other operating charges -€2,026
down €2,026 (-54.3%), from €3,728 to €1,702
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.
Derived cash bridge
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 | €651,536 | €627,718 | -€23,819 | -3.7% |
| Fixed assets | 21/28 | €228,083 | €214,367 | -€13,716 | -6.0% |
| Tangible fixed assets | 22/27 | €228,083 | €214,367 | -€13,716 | -6.0% |
| Land and buildings | 22 | €206,665 | €200,233 | -€6,433 | -3.1% |
| Plant, machinery and equipment | 23 | €1,263 | €798 | -€466 | -36.9% |
| Furniture and vehicles | 24 | €20,155 | €13,337 | -€6,818 | -33.8% |
| Current assets | 29/58 | €423,453 | €413,350 | -€10,102 | -2.4% |
| Amounts receivable within one year | 40/41 | €17,433 | €27,934 | +€10,501 | +60.2% |
| Trade receivables | 40 | €8,126 | €18,298 | +€10,172 | +125% |
| Other amounts receivable | 41 | €9,308 | €9,637 | +€329 | +3.5% |
| Current investments | 50/53 | €251,448 | €253,910 | +€2,462 | +1.0% |
| Cash at bank and in hand | 54/58 | €150,957 | €128,087 | -€22,869 | -15.1% |
| Deferred charges and accrued income | 490/1 | €3,615 | €3,419 | -€196 | -5.4% |
| Total equity and liabilities | 10/49 | €651,536 | €627,718 | -€23,819 | -3.7% |
| Equity | 10/15 | €513,218 | €538,060 | +€24,842 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €494,618 | €519,460 | +€24,842 | +5.0% |
| Distributable reserves | 133 | €494,618 | €519,460 | +€24,842 | +5.0% |
| Amounts payable | 17/49 | €138,319 | €89,658 | -€48,661 | -35.2% |
| Amounts payable after more than one year | 17 | €53,296 | €36,153 | -€17,144 | -32.2% |
| Financial debts | 170/4 | €53,296 | €36,153 | -€17,144 | -32.2% |
| Amounts payable within one year | 42/48 | €85,022 | €52,916 | -€32,107 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €16,678 | €17,144 | +€465 | +2.8% |
| Trade debts | 44 | €11,140 | €4,480 | -€6,660 | -59.8% |
| Suppliers | 440/4 | €11,140 | €4,480 | -€6,660 | -59.8% |
| Taxes, remuneration and social security | 45 | €21,095 | €13,886 | -€7,209 | -34.2% |
| Taxes | 450/3 | €15,765 | €8,708 | -€7,058 | -44.8% |
| Remuneration and social security | 454/9 | €5,330 | €5,179 | -€151 | -2.8% |
| Other amounts payable | 47/48 | €36,109 | €17,406 | -€18,703 | -51.8% |
| Accrued charges and deferred income | 492/3 | - | €589 | +€589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,716 | €13,716 | = | 0.0% |
| Other operating charges | 640/8 | €3,728 | €1,702 | -€2,026 | -54.3% |
| Gross operating margin | 9900 | €89,961 | €52,823 | -€37,138 | -41.3% |
| Operating profit (loss) | 9901 | €72,516 | €37,404 | -€35,112 | -48.4% |
| Financial income | 75/76B | €21,839 | €3,011 | -€18,829 | -86.2% |
| Recurring financial income | 75 | €21,839 | €3,011 | -€18,829 | -86.2% |
| Financial charges | 65/66B | €20,527 | €3,544 | -€16,983 | -82.7% |
| Recurring financial charges | 65 | €20,527 | €3,544 | -€16,983 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €73,829 | €36,871 | -€36,958 | -50.1% |
| Income taxes | 67/77 | €22,067 | €12,029 | -€10,039 | -45.5% |
| Profit (loss) for the period | 9904 | €51,761 | €24,842 | -€26,919 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,761 | €24,842 | -€26,919 | -52.0% |
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 20 October 2026 via checked.be.