A-Hotels: 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.
A-Hotels
Largest movements
- Receivables within one year +€15,697
up €15,697 (+14.7%), from €106,453 to €122,149
of which Other amounts receivable: +€9,800
- Cash -€7,487
down €7,487 (-49.9%), from €15,016 to €7,529
mainly Receivables within one year (-€15,697) and Trade debts (-€7,486)
- Reserves +€14,105
up €14,105 (+17.9%), from €78,714 to €92,818
- Trade debts -€7,486
down €7,486 (-58.7%), from €12,763 to €5,278
- Tax, wage and social debts +€5,219
up €5,219 (+22.9%), from €22,782 to €28,001
of which Taxes: +€5,234
- Other debts -€4,876
down €4,876 (-81.3%), from €6,000 to €1,124
- Gross operating margin -€12,833
down €12,833 (-30.9%), from €41,512 to €28,679
- Taxes -€4,202
down €4,202 (-27.0%), from €15,556 to €11,353
- Other operating charges -€947
down €947 (-30.9%), from €3,060 to €2,113
- Financial charges +€661
up €661 (+240.0%), from €275 to €936
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 | €164,269 | €172,071 | +€7,802 | +4.7% |
| Fixed assets | 21/28 | €41,828 | €41,555 | -€273 | -0.7% |
| Tangible fixed assets | 22/27 | €443 | €171 | -€273 | -61.5% |
| Plant, machinery and equipment | 23 | €443 | €171 | -€273 | -61.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €41,385 | €41,385 | = | 0.0% |
| Current assets | 29/58 | €122,441 | €130,516 | +€8,075 | +6.6% |
| Amounts receivable within one year | 40/41 | €106,453 | €122,149 | +€15,697 | +14.7% |
| Trade receivables | 40 | €42,908 | €48,805 | +€5,897 | +13.7% |
| Other amounts receivable | 41 | €63,545 | €73,344 | +€9,800 | +15.4% |
| Cash at bank and in hand | 54/58 | €15,016 | €7,529 | -€7,487 | -49.9% |
| Deferred charges and accrued income | 490/1 | €972 | €838 | -€135 | -13.8% |
| Total equity and liabilities | 10/49 | €164,269 | €172,071 | +€7,802 | +4.7% |
| Equity | 10/15 | €97,314 | €111,418 | +€14,105 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,714 | €92,818 | +€14,105 | +17.9% |
| Distributable reserves | 133 | €78,714 | €92,818 | +€14,105 | +17.9% |
| Amounts payable | 17/49 | €66,955 | €60,653 | -€6,302 | -9.4% |
| Amounts payable within one year | 42/48 | €66,545 | €60,403 | -€6,142 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,763 | €5,278 | -€7,486 | -58.7% |
| Suppliers | 440/4 | €12,763 | €5,278 | -€7,486 | -58.7% |
| Advances received on contracts in progress | 46 | €25,000 | €26,000 | +€1,000 | +4.0% |
| Taxes, remuneration and social security | 45 | €22,782 | €28,001 | +€5,219 | +22.9% |
| Taxes | 450/3 | €21,440 | €26,675 | +€5,234 | +24.4% |
| Remuneration and social security | 454/9 | €1,342 | €1,327 | -€15 | -1.1% |
| Other amounts payable | 47/48 | €6,000 | €1,124 | -€4,876 | -81.3% |
| Accrued charges and deferred income | 492/3 | €410 | €250 | -€160 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €273 | = | 0.0% |
| Other operating charges | 640/8 | €3,060 | €2,113 | -€947 | -30.9% |
| Non-recurring operating charges | 66A | €983 | €0 | -€983 | -100.0% |
| Gross operating margin | 9900 | €41,512 | €28,679 | -€12,833 | -30.9% |
| Operating profit (loss) | 9901 | €37,197 | €26,293 | -€10,903 | -29.3% |
| Financial income | 75/76B | €76 | €101 | +€24 | +31.9% |
| Recurring financial income | 75 | €76 | €101 | +€24 | +31.9% |
| Financial charges | 65/66B | €275 | €936 | +€661 | +240.0% |
| Recurring financial charges | 65 | €275 | €936 | +€661 | +240.0% |
| Profit (loss) for the period before taxes | 9903 | €36,998 | €25,458 | -€11,540 | -31.2% |
| Income taxes | 67/77 | €15,556 | €11,353 | -€4,202 | -27.0% |
| Profit (loss) for the period | 9904 | €21,442 | €14,105 | -€7,337 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,442 | €14,105 | -€7,337 | -34.2% |
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 8 October 2026 via checked.be.