ALPHA HOTEL: 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.
ALPHA HOTEL
Largest movements
- Cash +€23,944
up €23,944 (+17.0%), from €140,713 to €164,656
mainly Depreciation (+€143,964) and Net result for the year (+€119,345)
- Reserves +€119,000
up €119,000 (+33.3%), from €357,525 to €476,525
of which Distributable reserves: +€119,000
- Debts after one year -€60,003
down €60,003 (-31.0%), from €193,558 to €133,555
of which Financial debts: -€45,963
- Current portion of long-term debt -€19,792
down €19,792 (-24.8%), from €79,795 to €60,003
- Trade debts -€15,601
down €15,601 (-39.9%), from €39,086 to €23,485
- Depreciation -€19,463
down €19,463 (-11.9%), from €163,427 to €143,964
- Gross operating margin +€7,338
up €7,338 (+1.7%), from €421,944 to €429,282
- Taxes +€4,847
up €4,847 (+12.1%), from €39,989 to €44,836
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 | €1,383,534 | €1,401,797 | +€18,263 | +1.3% |
| Fixed assets | 21/28 | €1,213,921 | €1,213,221 | -€700 | -0.1% |
| Tangible fixed assets | 22/27 | €1,213,921 | €1,213,221 | -€700 | -0.1% |
| Land and buildings | 22 | €1,039,536 | €1,058,221 | +€18,685 | +1.8% |
| Plant, machinery and equipment | 23 | €103,355 | €126,812 | +€23,457 | +22.7% |
| Furniture and vehicles | 24 | €70,313 | €28,188 | -€42,125 | -59.9% |
| Other tangible fixed assets | 26 | €717 | - | -€717 | |
| Current assets | 29/58 | €169,613 | €188,576 | +€18,963 | +11.2% |
| Stocks and contracts in progress | 3 | €216 | €234 | +€18 | +8.5% |
| Stocks | 30/36 | €216 | €234 | +€18 | +8.5% |
| Amounts receivable within one year | 40/41 | €28,685 | €23,685 | -€4,999 | -17.4% |
| Trade receivables | 40 | €19,218 | €23,231 | +€4,013 | +20.9% |
| Other amounts receivable | 41 | €9,466 | €454 | -€9,012 | -95.2% |
| Cash at bank and in hand | 54/58 | €140,713 | €164,656 | +€23,944 | +17.0% |
| Total equity and liabilities | 10/49 | €1,383,534 | €1,401,797 | +€18,263 | +1.3% |
| Equity | 10/15 | €956,459 | €1,073,687 | +€117,228 | +12.3% |
| Contributions | 10/11 | €353,550 | €353,550 | = | 0.0% |
| Reserves | 13 | €357,525 | €476,525 | +€119,000 | +33.3% |
| Non-distributable reserves | 130/1 | €28,628 | €28,628 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,628 | €28,628 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,297 | €76,297 | = | 0.0% |
| Distributable reserves | 133 | €252,600 | €371,600 | +€119,000 | +47.1% |
| Profit (loss) carried forward | 14 | €215,738 | €216,084 | +€345 | +0.2% |
| Investment grants | 15 | €29,645 | €27,528 | -€2,118 | -7.1% |
| Amounts payable | 17/49 | €427,075 | €328,110 | -€98,965 | -23.2% |
| Amounts payable after more than one year | 17 | €193,558 | €133,555 | -€60,003 | -31.0% |
| Financial debts | 170/4 | €179,518 | €133,555 | -€45,963 | -25.6% |
| Other amounts payable | 178/9 | €14,040 | - | -€14,040 | |
| Amounts payable within one year | 42/48 | €233,517 | €194,555 | -€38,962 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €79,795 | €60,003 | -€19,792 | -24.8% |
| Trade debts | 44 | €39,086 | €23,485 | -€15,601 | -39.9% |
| Suppliers | 440/4 | €39,086 | €23,485 | -€15,601 | -39.9% |
| Taxes, remuneration and social security | 45 | €27,676 | €23,555 | -€4,121 | -14.9% |
| Taxes | 450/3 | €21,639 | €14,849 | -€6,790 | -31.4% |
| Remuneration and social security | 454/9 | €6,038 | €8,707 | +€2,669 | +44.2% |
| Other amounts payable | 47/48 | €86,959 | €87,512 | +€553 | +0.6% |
| Non-recurring operating income | 76A | €246 | - | -€246 | |
| Remuneration, social security and pensions | 62 | €104,042 | €106,459 | +€2,417 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,427 | €143,964 | -€19,463 | -11.9% |
| Other operating charges | 640/8 | €9,436 | €10,550 | +€1,114 | +11.8% |
| Gross operating margin | 9900 | €421,944 | €429,282 | +€7,338 | +1.7% |
| Operating profit (loss) | 9901 | €145,039 | €168,309 | +€23,270 | +16.0% |
| Financial income | 75/76B | €2,389 | €3,009 | +€620 | +25.9% |
| Recurring financial income | 75 | €2,389 | €3,009 | +€620 | +25.9% |
| Financial charges | 65/66B | €6,620 | €7,137 | +€517 | +7.8% |
| Recurring financial charges | 65 | €6,620 | €7,137 | +€517 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €140,808 | €164,181 | +€23,373 | +16.6% |
| Income taxes | 67/77 | €39,989 | €44,836 | +€4,847 | +12.1% |
| Profit (loss) for the period | 9904 | €100,819 | €119,345 | +€18,526 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,819 | €119,345 | +€18,526 | +18.4% |
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 18 October 2026 via checked.be.