APPART-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.
APPART-HOTEL
Largest movements
- Receivables within one year +€61,410
up €61,410 (+71.4%), from €86,006 to €147,417
of which Other amounts receivable: +€61,058
- Tangible fixed assets -€37,638
down €37,638 (-13.0%), from €290,405 to €252,767
of which Land and buildings: -€19,491
- Cash +€14,874
up €14,874 (+141%), from €10,538 to €25,412
mainly Net result for the year (+€75,815) and Depreciation (+€49,656)
- Profit (loss) carried forward +€75,815
up €75,815 (+44.5%), from €170,448 to €246,263
- Other debts -€44,166
down €44,166 (-43.7%), from €101,163 to €56,997
- Debts after one year -€31,772
down €31,772 (-27.1%), from €117,352 to €85,580
- Tax, wage and social debts +€22,907
up €22,907 (+1,243%), from €1,843 to €24,750
of which Taxes: +€22,807
- Trade debts +€15,306
up €15,306 (+226%), from €6,763 to €22,068
- Gross operating margin +€100,534
up €100,534 (+112%), from €89,787 to €190,322
- Taxes +€26,470
up €26,470 (+1,979%), from €1,338 to €27,807
- Other operating charges +€4,561
new in 2025: €4,561
- Financial charges +€2,004
up €2,004 (+35.7%), from €5,614 to €7,619
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 | €462,210 | €498,981 | +€36,771 | +8.0% |
| Fixed assets | 21/28 | €365,666 | €326,152 | -€39,513 | -10.8% |
| Intangible fixed assets | 21 | €36,155 | €34,280 | -€1,875 | -5.2% |
| Tangible fixed assets | 22/27 | €290,405 | €252,767 | -€37,638 | -13.0% |
| Land and buildings | 22 | €180,886 | €161,395 | -€19,491 | -10.8% |
| Plant, machinery and equipment | 23 | €95,639 | €83,954 | -€11,684 | -12.2% |
| Furniture and vehicles | 24 | €13,881 | €7,417 | -€6,464 | -46.6% |
| Financial fixed assets | 28 | €39,105 | €39,105 | = | 0.0% |
| Current assets | 29/58 | €96,544 | €172,829 | +€76,284 | +79.0% |
| Amounts receivable within one year | 40/41 | €86,006 | €147,417 | +€61,410 | +71.4% |
| Trade receivables | 40 | - | €352 | +€352 | |
| Other amounts receivable | 41 | €86,006 | €147,064 | +€61,058 | +71.0% |
| Cash at bank and in hand | 54/58 | €10,538 | €25,412 | +€14,874 | +141% |
| Total equity and liabilities | 10/49 | €462,210 | €498,981 | +€36,771 | +8.0% |
| Equity | 10/15 | €190,908 | €266,723 | +€75,815 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,448 | €246,263 | +€75,815 | +44.5% |
| Amounts payable | 17/49 | €271,302 | €232,257 | -€39,044 | -14.4% |
| Amounts payable after more than one year | 17 | €117,352 | €85,580 | -€31,772 | -27.1% |
| Financial debts | 170/4 | €117,352 | €85,580 | -€31,772 | -27.1% |
| Amounts payable within one year | 42/48 | €153,949 | €146,677 | -€7,272 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €44,181 | €42,863 | -€1,318 | -3.0% |
| Trade debts | 44 | €6,763 | €22,068 | +€15,306 | +226% |
| Suppliers | 440/4 | €6,763 | €22,068 | +€15,306 | +226% |
| Taxes, remuneration and social security | 45 | €1,843 | €24,750 | +€22,907 | +1,243% |
| Taxes | 450/3 | - | €22,807 | +€22,807 | |
| Remuneration and social security | 454/9 | €1,843 | €1,942 | +€99 | +5.4% |
| Other amounts payable | 47/48 | €101,163 | €56,997 | -€44,166 | -43.7% |
| Remuneration, social security and pensions | 62 | €23,946 | €24,959 | +€1,013 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,734 | €49,656 | -€78 | -0.2% |
| Other operating charges | 640/8 | - | €4,561 | +€4,561 | |
| Gross operating margin | 9900 | €89,787 | €190,322 | +€100,534 | +112% |
| Operating profit (loss) | 9901 | €16,107 | €111,145 | +€95,038 | +590% |
| Financial income | 75/76B | €44 | €96 | +€52 | +117% |
| Recurring financial income | 75 | €44 | €96 | +€52 | +117% |
| Financial charges | 65/66B | €5,614 | €7,619 | +€2,004 | +35.7% |
| Recurring financial charges | 65 | €5,614 | €7,619 | +€2,004 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €10,537 | €103,622 | +€93,085 | +883% |
| Income taxes | 67/77 | €1,338 | €27,807 | +€26,470 | +1,979% |
| Profit (loss) for the period | 9904 | €9,199 | €75,815 | +€66,616 | +724% |
| Profit (loss) for the period to be appropriated | 9905 | €9,199 | €75,815 | +€66,616 | +724% |
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 28 October 2026 via checked.be.