Yann Hottart: 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.
Yann Hottart
Largest movements
- Receivables within one year +€19,620
up €19,620 (+24.0%), from €81,828 to €101,448
of which Other amounts receivable: +€22,472
- Cash +€7,751
up €7,751 (+144%), from €5,399 to €13,149
mainly Net result for the year (+€16,437) and Tax, wage and social debts (+€9,225)
- Deferred charges and accrued income +€1,490
up €1,490 (+4,106%), from €36 to €1,526
- Reserves +€30,000
new in 2025: €30,000
- Profit (loss) carried forward -€13,563
down €13,563 (-19.1%), from €71,057 to €57,494
- Tax, wage and social debts +€9,225
up €9,225 (+80.6%), from €11,444 to €20,669
of which Taxes: +€9,226
- Trade debts +€3,352
up €3,352 (+106%), from €3,152 to €6,504
- Gross operating margin -€2,804
down €2,804 (-10.7%), from €26,296 to €23,492
- Taxes +€2,560
up €2,560 (+33.5%), from €7,642 to €10,202
- Financial income +€1,049
up €1,049 (+32.0%), from €3,285 to €4,334
of which Non-recurring financial income: +€4,334
- Financial charges +€336
up €336 (+445%), from €75 to €411
- Depreciation -€300
down €300 (-44.3%), from €677 to €377
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 | €87,684 | €116,168 | +€28,484 | +32.5% |
| Fixed assets | 21/28 | €421 | €44 | -€377 | -89.6% |
| Tangible fixed assets | 22/27 | €421 | €44 | -€377 | -89.6% |
| Furniture and vehicles | 24 | €421 | €44 | -€377 | -89.6% |
| Current assets | 29/58 | €87,263 | €116,124 | +€28,861 | +33.1% |
| Amounts receivable within one year | 40/41 | €81,828 | €101,448 | +€19,620 | +24.0% |
| Trade receivables | 40 | €14,762 | €11,910 | -€2,852 | -19.3% |
| Other amounts receivable | 41 | €67,066 | €89,538 | +€22,472 | +33.5% |
| Cash at bank and in hand | 54/58 | €5,399 | €13,149 | +€7,751 | +144% |
| Deferred charges and accrued income | 490/1 | €36 | €1,526 | +€1,490 | +4,106% |
| Total equity and liabilities | 10/49 | €87,684 | €116,168 | +€28,484 | +32.5% |
| Equity | 10/15 | €72,557 | €88,994 | +€16,437 | +22.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €71,057 | €57,494 | -€13,563 | -19.1% |
| Amounts payable | 17/49 | €15,127 | €27,174 | +€12,047 | +79.6% |
| Amounts payable within one year | 42/48 | €14,687 | €27,174 | +€12,487 | +85.0% |
| Trade debts | 44 | €3,152 | €6,504 | +€3,352 | +106% |
| Suppliers | 440/4 | €3,152 | €6,504 | +€3,352 | +106% |
| Advances received on contracts in progress | 46 | €91 | - | -€91 | |
| Taxes, remuneration and social security | 45 | €11,444 | €20,669 | +€9,225 | +80.6% |
| Taxes | 450/3 | €9,374 | €18,599 | +€9,226 | +98.4% |
| Remuneration and social security | 454/9 | €2,070 | €2,070 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €440 | - | -€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €377 | -€300 | -44.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,296 | €23,492 | -€2,804 | -10.7% |
| Operating profit (loss) | 9901 | €25,232 | €22,715 | -€2,517 | -10.0% |
| Financial income | 75/76B | €3,285 | €4,334 | +€1,049 | +32.0% |
| Recurring financial income | 75 | €3,285 | €0 | -€3,285 | -100.0% |
| Non-recurring financial income | 76B | - | €4,334 | +€4,334 | |
| Financial charges | 65/66B | €75 | €411 | +€336 | +445% |
| Recurring financial charges | 65 | €75 | €411 | +€336 | +445% |
| Profit (loss) for the period before taxes | 9903 | €28,441 | €26,638 | -€1,803 | -6.3% |
| Income taxes | 67/77 | €7,642 | €10,202 | +€2,560 | +33.5% |
| Profit (loss) for the period | 9904 | €20,799 | €16,437 | -€4,363 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,799 | €16,437 | -€4,363 | -21.0% |
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 25 October 2026 via checked.be.