HOTUS: what changed
Two fiscal 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.
HOTUS
Largest movements
- Receivables within one year +€31,861
up €31,861 (+29.7%), from €107,393 to €139,253
of which Trade receivables: +€44,801
- Cash -€13,672
no longer reported in 2025 (was €13,672)
mainly Receivables within one year (-€31,861) and Other debts (-€21,210)
- Tangible fixed assets -€2,290
down €2,290 (-16.1%), from €14,192 to €11,902
of which Furniture and vehicles: -€4,173
- Reserves +€31,391
up €31,391 (+43.7%), from €71,874 to €103,266
of which Distributable reserves: +€31,391
- Other debts -€21,210
down €21,210 (-92.2%), from €23,000 to €1,790
- Short-term financial debts +€17,373
new in 2025: €17,373
- Tax, wage and social debts -€10,321
down €10,321 (-29.7%), from €34,697 to €24,376
- Gross operating margin -€8,134
down €8,134 (-11.7%), from €69,320 to €61,187
- Taxes -€1,796
down €1,796 (-9.4%), from €19,015 to €17,219
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 | €138,708 | €154,990 | +€16,282 | +11.7% |
| Fixed assets | 21/28 | €14,192 | €11,902 | -€2,290 | -16.1% |
| Tangible fixed assets | 22/27 | €14,192 | €11,902 | -€2,290 | -16.1% |
| Plant, machinery and equipment | 23 | €1,973 | €2,195 | +€222 | +11.2% |
| Furniture and vehicles | 24 | €10,485 | €6,312 | -€4,173 | -39.8% |
| Other tangible fixed assets | 26 | €1,734 | €3,395 | +€1,661 | +95.8% |
| Current assets | 29/58 | €124,516 | €143,088 | +€18,572 | +14.9% |
| Amounts receivable within one year | 40/41 | €107,393 | €139,253 | +€31,861 | +29.7% |
| Trade receivables | 40 | €94,453 | €139,253 | +€44,801 | +47.4% |
| Other amounts receivable | 41 | €12,940 | - | -€12,940 | |
| Cash at bank and in hand | 54/58 | €13,672 | - | -€13,672 | |
| Deferred charges and accrued income | 490/1 | €3,451 | €3,834 | +€383 | +11.1% |
| Total equity and liabilities | 10/49 | €138,708 | €154,990 | +€16,282 | +11.7% |
| Equity | 10/15 | €78,074 | €109,466 | +€31,391 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,874 | €103,266 | +€31,391 | +43.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,014 | €101,406 | +€31,391 | +44.8% |
| Amounts payable | 17/49 | €60,633 | €45,524 | -€15,109 | -24.9% |
| Amounts payable within one year | 42/48 | €60,633 | €45,524 | -€15,109 | -24.9% |
| Financial debts | 43 | - | €17,373 | +€17,373 | |
| Credit institutions | 430/8 | - | €17,373 | +€17,373 | |
| Trade debts | 44 | €2,937 | €1,986 | -€951 | -32.4% |
| Suppliers | 440/4 | €2,937 | €1,986 | -€951 | -32.4% |
| Taxes, remuneration and social security | 45 | €34,697 | €24,376 | -€10,321 | -29.7% |
| Taxes | 450/3 | €34,697 | €24,376 | -€10,321 | -29.7% |
| Other amounts payable | 47/48 | €23,000 | €1,790 | -€21,210 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,326 | €9,730 | -€596 | -5.8% |
| Other operating charges | 640/8 | €474 | - | -€474 | |
| Non-recurring operating charges | 66A | - | €1,478 | +€1,478 | |
| Gross operating margin | 9900 | €69,320 | €61,187 | -€8,134 | -11.7% |
| Operating profit (loss) | 9901 | €58,520 | €49,979 | -€8,541 | -14.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €791 | €1,368 | +€577 | +72.9% |
| Recurring financial charges | 65 | €791 | €1,368 | +€577 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €57,729 | €48,611 | -€9,118 | -15.8% |
| Income taxes | 67/77 | €19,015 | €17,219 | -€1,796 | -9.4% |
| Profit (loss) for the period | 9904 | €38,713 | €31,391 | -€7,322 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,713 | €31,391 | -€7,322 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.