Sebastien Hottlet: 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.
Sebastien Hottlet
Largest movements
- Cash -€185,894
down €185,894 (-64.0%), from €290,467 to €104,573
mainly Contributions, distributions and other (-€186,459) and Receivables within one year (-€106,247)
- Receivables within one year +€106,247
up €106,247 (+368%), from €28,850 to €135,097
of which Trade receivables: +€121,958
- Other debts -€73,730
down €73,730 (-28.3%), from €260,188 to €186,459
- Gross operating margin +€10,278
up €10,278 (+4.1%), from €247,963 to €258,242
- Taxes +€9,932
up €9,932 (+16.7%), from €59,649 to €69,581
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 | €357,020 | €276,901 | -€80,119 | -22.4% |
| Fixed assets | 21/28 | €7,703 | €7,231 | -€472 | -6.1% |
| Tangible fixed assets | 22/27 | €7,703 | €7,231 | -€472 | -6.1% |
| Furniture and vehicles | 24 | €5,963 | €5,491 | -€472 | -7.9% |
| Other tangible fixed assets | 26 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €349,317 | €269,670 | -€79,647 | -22.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €28,850 | €135,097 | +€106,247 | +368% |
| Trade receivables | 40 | €8,839 | €130,797 | +€121,958 | +1,380% |
| Other amounts receivable | 41 | €20,011 | €4,300 | -€15,711 | -78.5% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €290,467 | €104,573 | -€185,894 | -64.0% |
| Total equity and liabilities | 10/49 | €357,020 | €276,901 | -€80,119 | -22.4% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €354,020 | €273,901 | -€80,119 | -22.6% |
| Amounts payable within one year | 42/48 | €354,020 | €273,901 | -€80,119 | -22.6% |
| Trade debts | 44 | €10,457 | €7,478 | -€2,978 | -28.5% |
| Suppliers | 440/4 | €10,457 | €7,478 | -€2,978 | -28.5% |
| Taxes, remuneration and social security | 45 | €83,375 | €79,964 | -€3,411 | -4.1% |
| Taxes | 450/3 | €83,375 | €79,964 | -€3,411 | -4.1% |
| Other amounts payable | 47/48 | €260,188 | €186,459 | -€73,730 | -28.3% |
| Non-recurring operating income | 76A | - | €6,491 | +€6,491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,415 | €1,947 | -€468 | -19.4% |
| Other operating charges | 640/8 | €452 | €1,292 | +€839 | +186% |
| Gross operating margin | 9900 | €247,963 | €258,242 | +€10,278 | +4.1% |
| Operating profit (loss) | 9901 | €245,095 | €255,002 | +€9,907 | +4.0% |
| Financial income | 75/76B | €1,036 | €1,185 | +€149 | +14.4% |
| Recurring financial income | 75 | €1,036 | €1,185 | +€149 | +14.4% |
| Financial charges | 65/66B | €352 | €149 | -€203 | -57.8% |
| Recurring financial charges | 65 | €352 | €149 | -€203 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €245,780 | €256,039 | +€10,259 | +4.2% |
| Income taxes | 67/77 | €59,649 | €69,581 | +€9,932 | +16.7% |
| Profit (loss) for the period | 9904 | €186,131 | €186,459 | +€327 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €186,131 | €186,459 | +€327 | +0.2% |
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 29 October 2026 via checked.be.