T.S HOTHI: 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.
T.S HOTHI
Largest movements
- Receivables within one year +€32,014
up €32,014 (+5,490%), from €583 to €32,597
of which Other amounts receivable: +€29,089
- Cash +€6,612
up €6,612 (+194%), from €3,403 to €10,015
mainly Trade debts (+€23,427) and Depreciation (+€6,389)
- Tangible fixed assets -€6,389
down €6,389 (-34.5%), from €18,531 to €12,141
of which Furniture and vehicles: -€5,962
- Stocks and contracts -€3,980
down €3,980 (-4.5%), from €89,014 to €85,034
- Trade debts +€23,427
up €23,427 (+28.8%), from €81,471 to €104,897
- Debts after one year -€7,736
no longer reported in 2025 (was €7,736)
- Short-term financial debts +€5,933
up €5,933 (+638%), from €929 to €6,862
- Profit (loss) carried forward +€5,060
new in 2025: €5,060
- Current portion of long-term debt +€1,404
up €1,404 (+22.2%), from €6,332 to €7,736
- Turnover +€1.5m
new in 2025: €1.5m
- Purchases and services +€1.4m
new in 2025: €1.4m
- Staff costs -€33,022
down €33,022 (-97.4%), from €33,895 to €873
- Gross operating margin -€24,620
down €24,620 (-52.4%), from €47,009 to €22,389
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 | €111,531 | €140,158 | +€28,627 | +25.7% |
| Fixed assets | 21/28 | €18,531 | €12,141 | -€6,389 | -34.5% |
| Tangible fixed assets | 22/27 | €18,531 | €12,141 | -€6,389 | -34.5% |
| Plant, machinery and equipment | 23 | €427 | - | -€427 | |
| Furniture and vehicles | 24 | €18,104 | €12,141 | -€5,962 | -32.9% |
| Current assets | 29/58 | €93,000 | €128,017 | +€35,016 | +37.7% |
| Stocks and contracts in progress | 3 | €89,014 | €85,034 | -€3,980 | -4.5% |
| Stocks | 30/36 | €89,014 | €85,034 | -€3,980 | -4.5% |
| Amounts receivable within one year | 40/41 | €583 | €32,597 | +€32,014 | +5,490% |
| Trade receivables | 40 | €0 | €2,925 | +€2,925 | |
| Other amounts receivable | 41 | €583 | €29,672 | +€29,089 | +4,988% |
| Cash at bank and in hand | 54/58 | €3,403 | €10,015 | +€6,612 | +194% |
| Deferred charges and accrued income | 490/1 | - | €371 | +€371 | |
| Total equity and liabilities | 10/49 | €111,531 | €140,158 | +€28,627 | +25.7% |
| Equity | 10/15 | €13,440 | €18,500 | +€5,060 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,240 | €7,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,240 | €7,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,060 | +€5,060 | |
| Amounts payable | 17/49 | €98,090 | €121,658 | +€23,568 | +24.0% |
| Amounts payable after more than one year | 17 | €7,736 | - | -€7,736 | |
| Financial debts | 170/4 | €7,736 | - | -€7,736 | |
| Amounts payable within one year | 42/48 | €90,355 | €121,658 | +€31,303 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €6,332 | €7,736 | +€1,404 | +22.2% |
| Financial debts | 43 | €929 | €6,862 | +€5,933 | +638% |
| Credit institutions | 430/8 | €929 | €6,862 | +€5,933 | +638% |
| Trade debts | 44 | €81,471 | €104,897 | +€23,427 | +28.8% |
| Suppliers | 440/4 | €81,471 | €104,897 | +€23,427 | +28.8% |
| Taxes, remuneration and social security | 45 | €1,375 | €2,163 | +€788 | +57.3% |
| Taxes | 450/3 | €1,375 | €2,163 | +€788 | +57.3% |
| Other amounts payable | 47/48 | €247 | - | -€247 | |
| Turnover | 70 | - | €1,457,378 | +€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,448,693 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €33,895 | €873 | -€33,022 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,802 | €6,389 | +€587 | +10.1% |
| Other operating charges | 640/8 | €1,046 | €1,841 | +€795 | +76.0% |
| Non-recurring operating charges | 66A | - | €4,131 | +€4,131 | |
| Gross operating margin | 9900 | €47,009 | €22,389 | -€24,620 | -52.4% |
| Operating profit (loss) | 9901 | €6,265 | €9,154 | +€2,889 | +46.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,859 | €4,094 | -€764 | -15.7% |
| Recurring financial charges | 65 | €4,859 | €4,094 | -€764 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €1,408 | €5,060 | +€3,652 | +259% |
| Income taxes | 67/77 | €233 | - | -€233 | |
| Profit (loss) for the period | 9904 | €1,175 | €5,060 | +€3,885 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €1,175 | €5,060 | +€3,885 | +331% |
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 24 October 2026 via checked.be.