BELGIPAR: 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
BELGIPAR
NACE 55.100, Hotels and similar accommodation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€64,486
2023 · €174,925-€110,440
Equity
€2.0m
2023 · €1.9m+€64,486
Cash
€188,634
2023 · €130,067+€58,567
Balance sheet total
€8.6m
2023 · €7.0m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+27.2%), from €6.4m to €8.1m
of which Plant, machinery and equipment: +€4.4m
- Receivables within one year -€121,578
down €121,578 (-27.6%), from €440,488 to €318,910
of which Other amounts receivable: -€116,785
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+29.3%), from €4.0m to €5.2m
- Current portion of long-term debt +€302,439
up €302,439 (+63.2%), from €478,301 to €780,740
Income statement
- Turnover +€286,569
up €286,569 (+10.2%), from €2.8m to €3.1m
- Financial charges +€203,409
up €203,409 (+174%), from €116,763 to €320,172
- Depreciation +€132,016
up €132,016 (+40.3%), from €327,508 to €459,524
- Services and other goods +€110,509
up €110,509 (+11.5%), from €960,076 to €1.1m
- Taxes -€67,537
down €67,537 (-66.3%), from €101,847 to €34,311
From the 2023 result to the 2024 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 2023
€174,925
Turnover
+€286,569
Other operating income
+€1,352
Goods and materials
-€492
Services and other goods
-€110,509
Staff costs
+€15,129
Depreciation
-€132,016
Other operating charges
-€34,601
Financial charges
-€203,409
Taxes
+€67,537
Result 2024
€64,486
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€774,517
Investment
-€2.2m
Financing
+€1.5m
Cash 2023
€130,067
From operations (derived)
+€774,517
Net result for the year
+€64,486
Depreciation
+€459,524
Stocks and contracts
-€692
Receivables within one year
+€121,578
Deferred charges and accrued income
-€7,462
Trade debts
+€26,859
Tax, wage and social debts
-€18,768
Advances received
+€39,577
Other debts
+€15,271
Accrued charges and deferred income
+€74,145
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€1.5m
Debts after one year
+€1.2m
Current portion of long-term debt
+€302,439
Cash 2024
€188,634
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,951,226 | €8,633,129 | +€1.7m | +24.2% |
| Fixed assets | 21/28 | €6,375,266 | €8,112,026 | +€1.7m | +27.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,375,266 | €8,112,026 | +€1.7m | +27.2% |
| Land and buildings | 22 | €187,140 | €180,307 | -€6,833 | -3.7% |
| Plant, machinery and equipment | 23 | €43,949 | €4,485,834 | +€4.4m | +10,107% |
| Furniture and vehicles | 24 | €3,921 | €55,546 | +€51,625 | +1,317% |
| Leasing and similar rights | 25 | €3,682,335 | €3,375,474 | -€306,861 | -8.3% |
| Assets under construction and advance payments | 27 | €2,457,921 | €14,865 | -€2.4m | -99.4% |
| Current assets | 29/58 | €575,960 | €521,102 | -€54,858 | -9.5% |
| Stocks and contracts in progress | 3 | €2,675 | €3,367 | +€692 | +25.9% |
| Stocks | 30/36 | €2,675 | €3,367 | +€692 | +25.9% |
| Raw materials and consumables | 30/31 | €2,675 | €3,367 | +€692 | +25.9% |
| Amounts receivable within one year | 40/41 | €440,488 | €318,910 | -€121,578 | -27.6% |
| Trade receivables | 40 | €54,542 | €49,749 | -€4,793 | -8.8% |
| Other amounts receivable | 41 | €385,946 | €269,161 | -€116,785 | -30.3% |
| Cash at bank and in hand | 54/58 | €130,067 | €188,634 | +€58,567 | +45.0% |
| Deferred charges and accrued income | 490/1 | €2,730 | €10,192 | +€7,462 | +273% |
| Total equity and liabilities | 10/49 | €6,951,226 | €8,633,129 | +€1.7m | +24.2% |
| Equity | 10/15 | €1,949,236 | €2,013,722 | +€64,486 | +3.3% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Uncalled capital | 101 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €95,000 | +€37,000 | +63.8% |
| Non-distributable reserves | 130/1 | €58,000 | €95,000 | +€37,000 | +63.8% |
| Legal reserve | 130 | €58,000 | €95,000 | +€37,000 | +63.8% |
| Profit (loss) carried forward | 14 | €1,091,236 | €1,118,722 | +€27,486 | +2.5% |
| Amounts payable | 17/49 | €5,001,990 | €6,619,407 | +€1.6m | +32.3% |
| Amounts payable after more than one year | 17 | €4,025,880 | €5,203,775 | +€1.2m | +29.3% |
| Financial debts | 170/4 | €4,025,880 | €5,203,775 | +€1.2m | +29.3% |
| Leasing and similar obligations | 172 | €3,395,877 | €4,150,466 | +€754,589 | +22.2% |
| Other loans | 174 | €630,003 | €1,053,309 | +€423,306 | +67.2% |
| Amounts payable within one year | 42/48 | €874,724 | €1,240,101 | +€365,378 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €478,301 | €780,740 | +€302,439 | +63.2% |
| Trade debts | 44 | €248,134 | €274,993 | +€26,859 | +10.8% |
| Suppliers | 440/4 | €248,134 | €274,993 | +€26,859 | +10.8% |
| Advances received on contracts in progress | 46 | €15,828 | €55,405 | +€39,577 | +250% |
| Taxes, remuneration and social security | 45 | €131,456 | €112,689 | -€18,768 | -14.3% |
| Taxes | 450/3 | €21,847 | - | -€21,847 | |
| Remuneration and social security | 454/9 | €109,609 | €112,689 | +€3,080 | +2.8% |
| Other amounts payable | 47/48 | €1,004 | €16,275 | +€15,271 | +1,521% |
| Accrued charges and deferred income | 492/3 | €101,386 | €175,531 | +€74,145 | +73.1% |
| Operating income | 70/76A | €2,853,053 | €3,140,974 | +€287,921 | +10.1% |
| Turnover | 70 | €2,815,401 | €3,101,971 | +€286,569 | +10.2% |
| Other operating income | 74 | €37,652 | €39,003 | +€1,352 | +3.6% |
| Operating charges | 60/66A | €2,459,517 | €2,722,006 | +€262,489 | +10.7% |
| Goods for resale, raw materials and consumables | 60 | €89,477 | €89,968 | +€492 | +0.5% |
| Purchases | 600/8 | €90,231 | €90,660 | +€429 | +0.5% |
| Change in stocks: decrease (increase) | 609 | -€755 | -€692 | +€63 | +8.4% |
| Services and other goods | 61 | €960,076 | €1,070,585 | +€110,509 | +11.5% |
| Remuneration, social security and pensions | 62 | €895,688 | €880,559 | -€15,129 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,508 | €459,524 | +€132,016 | +40.3% |
| Other operating charges | 640/8 | €186,768 | €221,370 | +€34,601 | +18.5% |
| Operating profit (loss) | 9901 | €393,535 | €418,968 | +€25,432 | +6.5% |
| Financial charges | 65/66B | €116,763 | €320,172 | +€203,409 | +174% |
| Recurring financial charges | 65 | €116,763 | €320,172 | +€203,409 | +174% |
| Debt charges | 650 | €114,166 | €318,362 | +€204,196 | +179% |
| Other financial charges | 652/9 | €2,597 | €1,809 | -€787 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €276,773 | €98,796 | -€177,976 | -64.3% |
| Income taxes | 67/77 | €101,847 | €34,311 | -€67,537 | -66.3% |
| Taxes | 670/3 | €101,847 | €34,311 | -€67,537 | -66.3% |
| Profit (loss) for the period | 9904 | €174,925 | €64,486 | -€110,440 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €174,925 | €64,486 | -€110,440 | -63.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.