ALHOTEL: 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.
ALHOTEL
Largest movements
- Receivables within one year -€112,540
down €112,540 (-60.5%), from €186,131 to €73,591
of which Other amounts receivable: -€125,000
- Tangible fixed assets -€55,985
down €55,985 (-4.1%), from €1.4m to €1.3m
- Cash +€17,297
up €17,297 (+12.0%), from €143,732 to €161,029
mainly Receivables within one year (+€112,540) and Depreciation (+€55,985)
- Other debts -€183,922
down €183,922 (-23.0%), from €797,940 to €614,018
- Reserves +€19,316
up €19,316 (+130%), from €14,902 to €34,217
of which Distributable reserves: +€19,316
- Gross operating margin +€8,466
up €8,466 (+5.6%), from €151,250 to €159,717
- Financial charges -€8,005
down €8,005 (-11.1%), from €72,015 to €64,010
- Taxes +€2,871
up €2,871 (+77.5%), from €3,707 to €6,578
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 | €1,700,982 | €1,549,755 | -€151,227 | -8.9% |
| Fixed assets | 21/28 | €1,367,954 | €1,311,970 | -€55,985 | -4.1% |
| Tangible fixed assets | 22/27 | €1,367,954 | €1,311,970 | -€55,985 | -4.1% |
| Land and buildings | 22 | €1,367,954 | €1,311,970 | -€55,985 | -4.1% |
| Current assets | 29/58 | €333,028 | €237,785 | -€95,243 | -28.6% |
| Amounts receivable within one year | 40/41 | €186,131 | €73,591 | -€112,540 | -60.5% |
| Trade receivables | 40 | €61,131 | €73,591 | +€12,460 | +20.4% |
| Other amounts receivable | 41 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €143,732 | €161,029 | +€17,297 | +12.0% |
| Deferred charges and accrued income | 490/1 | €3,164 | €3,164 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,700,982 | €1,549,755 | -€151,227 | -8.9% |
| Equity | 10/15 | €903,042 | €922,358 | +€19,316 | +2.1% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €14,902 | €34,217 | +€19,316 | +130% |
| Non-distributable reserves | 130/1 | €14,902 | €14,902 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,902 | €14,902 | = | 0.0% |
| Distributable reserves | 133 | - | €19,316 | +€19,316 | |
| Profit (loss) carried forward | 14 | €88,141 | €88,141 | = | 0.0% |
| Amounts payable | 17/49 | €797,940 | €627,397 | -€170,543 | -21.4% |
| Amounts payable within one year | 42/48 | €797,940 | €626,398 | -€171,542 | -21.5% |
| Trade debts | 44 | - | €3,949 | +€3,949 | |
| Suppliers | 440/4 | - | €3,949 | +€3,949 | |
| Taxes, remuneration and social security | 45 | - | €8,432 | +€8,432 | |
| Taxes | 450/3 | - | €8,432 | +€8,432 | |
| Other amounts payable | 47/48 | €797,940 | €614,018 | -€183,922 | -23.0% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,985 | €55,985 | = | 0.0% |
| Other operating charges | 640/8 | €13,533 | €13,828 | +€295 | +2.2% |
| Gross operating margin | 9900 | €151,250 | €159,717 | +€8,466 | +5.6% |
| Operating profit (loss) | 9901 | €81,733 | €89,904 | +€8,172 | +10.0% |
| Financial charges | 65/66B | €72,015 | €64,010 | -€8,005 | -11.1% |
| Recurring financial charges | 65 | €72,015 | €64,010 | -€8,005 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €9,717 | €25,894 | +€16,177 | +166% |
| Income taxes | 67/77 | €3,707 | €6,578 | +€2,871 | +77.5% |
| Profit (loss) for the period | 9904 | €6,010 | €19,316 | +€13,306 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €6,010 | €19,316 | +€13,306 | +221% |
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 19 October 2026 via checked.be.