ANDROMEDA 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.
What changed
ANDROMEDA HOTEL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€392,566
2024 · €364,750+€27,815
Equity
€15.7m
2024 · €13.4m+€2.4m
Cash
€1,612
2024 · €9,816-€8,204
Balance sheet total
€20.9m
2024 · €18.6m+€2.3m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+10.8%), from €14.1m to €15.6m
of which Land and buildings: +€1.9m
- Receivables within one year +€825,587
up €825,587 (+18.5%), from €4.5m to €5.3m
of which Other amounts receivable: +€828,888
Equity and liabilities
- Revaluation surpluses +€1.8m
up €1.8m (+19.8%), from €9.3m to €11.2m
- Debts after one year +€916,347
up €916,347 (+37.5%), from €2.4m to €3.4m
- Other debts -€833,984
down €833,984 (-48.3%), from €1.7m to €894,010
- Reserves +€443,786
up €443,786 (+11.3%), from €3.9m to €4.4m
of which Distributable reserves: +€427,911
Income statement
- Financial income -€142,382
down €142,382 (-97.7%), from €145,756 to €3,374
- Gross operating margin +€116,550
up €116,550 (+7.8%), from €1.5m to €1.6m
- Depreciation -€94,611
down €94,611 (-9.7%), from €975,341 to €880,730
- Taxes +€20,253
up €20,253 (+21.1%), from €95,919 to €116,172
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.
Result 2024
€364,750
Gross operating margin
+€116,550
Depreciation
+€94,611
Other operating charges
+€422
Other operating items
-€29,417
Financial income
-€142,382
Financial charges
+€8,283
Taxes
-€20,253
Result 2025
€392,566
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€454,707
Investment
-€2.4m
Financing
+€2.9m
Cash 2024
€9,816
From operations (derived)
-€454,707
Net result for the year
+€392,566
Depreciation
+€880,730
Receivables within one year
-€825,587
Deferred charges and accrued income
+€205
Trade debts
+€12,727
Tax, wage and social debts
-€63,636
Other debts
-€833,984
Accrued charges and deferred income
-€17,728
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€2.9m
Debts after one year
+€916,347
Current portion of long-term debt
+€78,572
Short-term financial debts
-€100,000
Contributions, distributions and other
+€2.0m
Cash 2025
€1,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,591,438 | €20,936,330 | +€2.3m | +12.6% |
| Fixed assets | 21/28 | €14,118,558 | €15,646,272 | +€1.5m | +10.8% |
| Tangible fixed assets | 22/27 | €14,118,558 | €15,646,272 | +€1.5m | +10.8% |
| Land and buildings | 22 | €10,423,949 | €12,300,649 | +€1.9m | +18.0% |
| Plant, machinery and equipment | 23 | €3,347,044 | €2,886,926 | -€460,118 | -13.7% |
| Furniture and vehicles | 24 | €347,565 | €458,698 | +€111,133 | +32.0% |
| Current assets | 29/58 | €4,472,879 | €5,290,057 | +€817,178 | +18.3% |
| Amounts receivable within one year | 40/41 | €4,462,858 | €5,288,445 | +€825,587 | +18.5% |
| Trade receivables | 40 | €3,647 | €346 | -€3,301 | -90.5% |
| Other amounts receivable | 41 | €4,459,212 | €5,288,099 | +€828,888 | +18.6% |
| Cash at bank and in hand | 54/58 | €9,816 | €1,612 | -€8,204 | -83.6% |
| Deferred charges and accrued income | 490/1 | €205 | €0 | -€205 | -100% |
| Total equity and liabilities | 10/49 | €18,591,438 | €20,936,330 | +€2.3m | +12.6% |
| Equity | 10/15 | €13,377,394 | €15,729,988 | +€2.4m | +17.6% |
| Contributions | 10/11 | €150,000 | €212,000 | +€62,000 | +41.3% |
| Capital | 10 | €150,000 | €212,000 | +€62,000 | +41.3% |
| Issued capital | 100 | €150,000 | €212,000 | +€62,000 | +41.3% |
| Revaluation surpluses | 12 | €9,315,764 | €11,162,572 | +€1.8m | +19.8% |
| Reserves | 13 | €3,911,630 | €4,355,416 | +€443,786 | +11.3% |
| Non-distributable reserves | 130/1 | €15,000 | €21,200 | +€6,200 | +41.3% |
| Legal reserve | 130 | €15,000 | €21,200 | +€6,200 | +41.3% |
| Tax-exempt reserves | 132 | €1,162,643 | €1,172,318 | +€9,675 | +0.8% |
| Distributable reserves | 133 | €2,733,987 | €3,161,898 | +€427,911 | +15.7% |
| Amounts payable | 17/49 | €5,214,043 | €5,206,342 | -€7,702 | -0.1% |
| Amounts payable after more than one year | 17 | €2,441,667 | €3,358,014 | +€916,347 | +37.5% |
| Financial debts | 170/4 | €2,441,667 | €3,358,014 | +€916,347 | +37.5% |
| Amounts payable within one year | 42/48 | €2,721,250 | €1,814,928 | -€906,321 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €775,000 | €853,572 | +€78,572 | +10.1% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €16,541 | €29,267 | +€12,727 | +76.9% |
| Suppliers | 440/4 | €16,541 | €29,267 | +€12,727 | +76.9% |
| Taxes, remuneration and social security | 45 | €101,715 | €38,079 | -€63,636 | -62.6% |
| Taxes | 450/3 | €101,715 | €38,079 | -€63,636 | -62.6% |
| Other amounts payable | 47/48 | €1,727,994 | €894,010 | -€833,984 | -48.3% |
| Accrued charges and deferred income | 492/3 | €51,127 | €33,399 | -€17,728 | -34.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975,341 | €880,730 | -€94,611 | -9.7% |
| Other operating charges | 640/8 | €90,802 | €90,381 | -€422 | -0.5% |
| Non-recurring operating charges | 66A | - | €29,417 | +€29,417 | |
| Gross operating margin | 9900 | €1,494,718 | €1,611,268 | +€116,550 | +7.8% |
| Operating profit (loss) | 9901 | €428,574 | €610,741 | +€182,166 | +42.5% |
| Financial income | 75/76B | €145,756 | €3,374 | -€142,382 | -97.7% |
| Recurring financial income | 75 | €145,756 | €3,374 | -€142,382 | -97.7% |
| Financial charges | 65/66B | €113,660 | €105,377 | -€8,283 | -7.3% |
| Recurring financial charges | 65 | €113,660 | €105,377 | -€8,283 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €460,670 | €508,738 | +€48,068 | +10.4% |
| Income taxes | 67/77 | €95,919 | €116,172 | +€20,253 | +21.1% |
| Profit (loss) for the period | 9904 | €364,750 | €392,566 | +€27,815 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €364,750 | €392,566 | +€27,815 | +7.6% |
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 20 October 2026 via checked.be.