ARDENNES-GITES: what changed
What changed
ARDENNES-GITES
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
-€22,871
2024 · €30,689-€53,560
Equity
€120,867
2024 · €143,738-€22,871
Cash
€2,477
2024 · €2,615-€139
Balance sheet total
€716,358
2024 · €561,217+€155,140
Largest movements
Assets
- Tangible fixed assets +€172,329
up €172,329 (+32.8%), from €524,807 to €697,136
of which Land and buildings: +€182,366
- Receivables within one year -€12,974
down €12,974 (-47.1%), from €27,544 to €14,570
of which Other amounts receivable: -€12,333
Equity and liabilities
- Other debts +€119,382
up €119,382 (+1,340%), from €8,910 to €128,292
- Debts after one year +€43,212
up €43,212 (+15.2%), from €283,853 to €327,065
- Profit (loss) carried forward -€22,871
new in 2025: -€22,871
- Trade debts +€22,497
up €22,497 (+188%), from €11,984 to €34,481
Income statement
- Depreciation +€31,467
up €31,467 (+47.1%), from €66,788 to €98,255
- Gross operating margin -€12,195
down €12,195 (-5.7%), from €214,194 to €201,999
- Other operating charges +€8,976
up €8,976 (+61.1%), from €14,680 to €23,656
- Staff costs +€3,199
up €3,199 (+3.7%), from €87,186 to €90,385
- Taxes -€3,069
no longer reported in 2025 (was €3,069)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,689
Gross operating margin
-€12,195
Staff costs
-€3,199
Depreciation
-€31,467
Other operating charges
-€8,976
Financial income
+€42
Financial charges
-€834
Taxes
+€3,069
Result 2025
-€22,871
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€229,190
Investment
-€270,584
Financing
+€41,255
Cash 2024
€2,615
From operations (derived)
+€229,190
Net result for the year
-€22,871
Depreciation
+€98,255
Receivables within one year
+€12,974
Deferred charges and accrued income
+€4,076
Trade debts
+€22,497
Tax, wage and social debts
+€742
Advances received
-€5,864
Other debts
+€119,382
Investment (derived)
-€270,584
Investment in fixed assets (net)
-€270,584
Financing
+€41,255
Debts after one year
+€43,212
Current portion of long-term debt
-€1,272
Short-term financial debts
-€686
Cash 2025
€2,477
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,217 | €716,358 | +€155,140 | +27.6% |
| Fixed assets | 21/28 | €524,807 | €697,136 | +€172,329 | +32.8% |
| Tangible fixed assets | 22/27 | €524,807 | €697,136 | +€172,329 | +32.8% |
| Land and buildings | 22 | €480,088 | €662,455 | +€182,366 | +38.0% |
| Plant, machinery and equipment | 23 | €1,623 | €1,097 | -€527 | -32.4% |
| Furniture and vehicles | 24 | €10,239 | €9,517 | -€722 | -7.1% |
| Leasing and similar rights | 25 | €32,856 | €24,067 | -€8,789 | -26.7% |
| Current assets | 29/58 | €36,410 | €19,222 | -€17,188 | -47.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €27,544 | €14,570 | -€12,974 | -47.1% |
| Trade receivables | 40 | €8,915 | €8,274 | -€641 | -7.2% |
| Other amounts receivable | 41 | €18,629 | €6,296 | -€12,333 | -66.2% |
| Cash at bank and in hand | 54/58 | €2,615 | €2,477 | -€139 | -5.3% |
| Deferred charges and accrued income | 490/1 | €6,251 | €2,175 | -€4,076 | -65.2% |
| Total equity and liabilities | 10/49 | €561,217 | €716,358 | +€155,140 | +27.6% |
| Equity | 10/15 | €143,738 | €120,867 | -€22,871 | -15.9% |
| Contributions | 10/11 | €100,581 | €100,581 | = | 0.0% |
| Reserves | 13 | €43,157 | €43,157 | = | 0.0% |
| Distributable reserves | 133 | €43,157 | €43,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,871 | -€22,871 | |
| Amounts payable | 17/49 | €417,479 | €595,491 | +€178,012 | +42.6% |
| Amounts payable after more than one year | 17 | €283,853 | €327,065 | +€43,212 | +15.2% |
| Financial debts | 170/4 | €283,853 | €327,065 | +€43,212 | +15.2% |
| Amounts payable within one year | 42/48 | €133,626 | €268,426 | +€134,800 | +101% |
| Current portion of amounts payable after more than one year | 42 | €71,942 | €70,670 | -€1,272 | -1.8% |
| Financial debts | 43 | €5,157 | €4,472 | -€686 | -13.3% |
| Credit institutions | 430/8 | €5,157 | €4,472 | -€686 | -13.3% |
| Trade debts | 44 | €11,984 | €34,481 | +€22,497 | +188% |
| Suppliers | 440/4 | €11,984 | €34,481 | +€22,497 | +188% |
| Advances received on contracts in progress | 46 | €22,407 | €16,544 | -€5,864 | -26.2% |
| Taxes, remuneration and social security | 45 | €13,226 | €13,968 | +€742 | +5.6% |
| Taxes | 450/3 | €6,614 | €4,356 | -€2,258 | -34.1% |
| Remuneration and social security | 454/9 | €6,612 | €9,612 | +€3,000 | +45.4% |
| Other amounts payable | 47/48 | €8,910 | €128,292 | +€119,382 | +1,340% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €87,186 | €90,385 | +€3,199 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,788 | €98,255 | +€31,467 | +47.1% |
| Other operating charges | 640/8 | €14,680 | €23,656 | +€8,976 | +61.1% |
| Gross operating margin | 9900 | €214,194 | €201,999 | -€12,195 | -5.7% |
| Operating profit (loss) | 9901 | €45,540 | -€10,297 | -€55,837 | |
| Financial income | 75/76B | €0 | €42 | +€42 | +46,178% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +46,178% |
| Financial charges | 65/66B | €11,782 | €12,616 | +€834 | +7.1% |
| Recurring financial charges | 65 | €11,782 | €12,616 | +€834 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €33,758 | -€22,871 | -€56,629 | |
| Income taxes | 67/77 | €3,069 | - | -€3,069 | |
| Profit (loss) for the period | 9904 | €30,689 | -€22,871 | -€53,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,689 | -€22,871 | -€53,560 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.