HOTTENTOT: 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.
HOTTENTOT
Largest movements
- Tangible fixed assets +€31,626
up €31,626 (+57.1%), from €55,377 to €87,003
- Deferred charges and accrued income +€7,200
up €7,200 (+58.7%), from €12,270 to €19,470
- Cash -€4,087
down €4,087 (-31.1%), from €13,142 to €9,055
mainly Investment in fixed assets (net) (-€58,423) and Trade debts (-€15,335)
- Receivables within one year -€1,910
down €1,910 (-25.5%), from €7,484 to €5,574
- Other debts +€26,538
up €26,538 (+55.8%), from €47,521 to €74,059
- Short-term financial debts +€18,811
new in 2025: €18,811
- Trade debts -€15,335
down €15,335 (-83.9%), from €18,271 to €2,936
- Reserves +€2,033
up €2,033 (+12.7%), from €15,981 to €18,014
- Depreciation +€9,801
up €9,801 (+57.7%), from €16,996 to €26,797
- Gross operating margin -€5,013
down €5,013 (-14.6%), from €34,296 to €29,283
- Financial charges -€1,461
down €1,461 (-80.5%), from €1,814 to €353
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 | €88,273 | €121,102 | +€32,829 | +37.2% |
| Fixed assets | 21/28 | €55,377 | €87,003 | +€31,626 | +57.1% |
| Tangible fixed assets | 22/27 | €55,377 | €87,003 | +€31,626 | +57.1% |
| Plant, machinery and equipment | 23 | €55,377 | €87,003 | +€31,626 | +57.1% |
| Current assets | 29/58 | €32,896 | €34,099 | +€1,203 | +3.7% |
| Amounts receivable within one year | 40/41 | €7,484 | €5,574 | -€1,910 | -25.5% |
| Other amounts receivable | 41 | €7,484 | €5,574 | -€1,910 | -25.5% |
| Cash at bank and in hand | 54/58 | €13,142 | €9,055 | -€4,087 | -31.1% |
| Deferred charges and accrued income | 490/1 | €12,270 | €19,470 | +€7,200 | +58.7% |
| Total equity and liabilities | 10/49 | €88,273 | €121,102 | +€32,829 | +37.2% |
| Equity | 10/15 | €22,481 | €24,514 | +€2,033 | +9.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,100 | €12,100 | = | 0.0% |
| Reserves | 13 | €15,981 | €18,014 | +€2,033 | +12.7% |
| Distributable reserves | 133 | €15,981 | €18,014 | +€2,033 | +12.7% |
| Amounts payable | 17/49 | €65,792 | €96,588 | +€30,796 | +46.8% |
| Amounts payable within one year | 42/48 | €65,792 | €96,588 | +€30,796 | +46.8% |
| Financial debts | 43 | - | €18,811 | +€18,811 | |
| Credit institutions | 430/8 | - | €18,811 | +€18,811 | |
| Trade debts | 44 | €18,271 | €2,936 | -€15,335 | -83.9% |
| Suppliers | 440/4 | €18,271 | €2,936 | -€15,335 | -83.9% |
| Taxes, remuneration and social security | 45 | - | €782 | +€782 | |
| Taxes | 450/3 | - | €782 | +€782 | |
| Other amounts payable | 47/48 | €47,521 | €74,059 | +€26,538 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,996 | €26,797 | +€9,801 | +57.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €34,296 | €29,283 | -€5,013 | -14.6% |
| Operating profit (loss) | 9901 | €17,182 | €2,366 | -€14,816 | -86.2% |
| Financial income | 75/76B | €49 | €20 | -€29 | -59.2% |
| Recurring financial income | 75 | €49 | €20 | -€29 | -59.2% |
| Financial charges | 65/66B | €1,814 | €353 | -€1,461 | -80.5% |
| Recurring financial charges | 65 | €1,814 | €353 | -€1,461 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €15,417 | €2,033 | -€13,384 | -86.8% |
| Profit (loss) for the period | 9904 | €15,417 | €2,033 | -€13,384 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,417 | €2,033 | -€13,384 | -86.8% |
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 21 October 2026 via checked.be.