CAPITALOTEL: 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
CAPITALOTEL
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€335,715
2024 · -€315,671-€20,044
Equity
€6.2m
2024 · €6.6m-€348,864
Cash
€77,958
2024 · €162,631-€84,673
Balance sheet total
€14.0m
2024 · €14.5m-€497,499
Largest movements
Assets
- Tangible fixed assets -€332,400
down €332,400 (-2.5%), from €13.1m to €12.8m
of which Land and buildings: -€272,760
Equity and liabilities
- Profit (loss) carried forward -€335,715
down €335,715 (-17.0%), from -€2.0m to -€2.3m
- Debts after one year -€196,875
down €196,875 (-2.7%), from €7.3m to €7.1m
of which Financial debts: -€100,948
- Current portion of long-term debt +€149,372
up €149,372 (+785%), from €19,035 to €168,407
Income statement
- Services and other goods +€58,715
up €58,715 (+5.6%), from €1.0m to €1.1m
- Financial charges -€45,412
down €45,412 (-8.3%), from €548,424 to €503,012
- Staff costs -€35,802
down €35,802 (-7.5%), from €475,643 to €439,840
- Depreciation +€25,286
up €25,286 (+4.9%), from €519,177 to €544,463
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
-€315,671
Turnover
-€2,229
Other operating income
-€15,082
Goods and materials
+€16,450
Services and other goods
-€58,715
Staff costs
+€35,802
Depreciation
-€25,286
Other operating charges
-€11,575
Other operating items
+€767
Financial income
-€5,685
Financial charges
+€45,412
Taxes
+€96
Result 2025
-€335,715
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
+€151,172
Investment
-€152,203
Financing
-€83,643
Cash 2024
€162,631
From operations (derived)
+€151,172
Net result for the year
-€335,715
Depreciation
+€544,463
Stocks and contracts
-€617
Receivables within one year
+€18,453
Deferred charges and accrued income
+€2,729
Trade debts
-€85,853
Tax, wage and social debts
-€25,869
Advances received
+€25,444
Accrued charges and deferred income
+€8,136
Investment (derived)
-€152,203
Investment in fixed assets (net)
-€152,203
Financing
-€83,643
Debts after one year
-€196,875
Current portion of long-term debt
+€149,372
Short-term financial debts
-€22,991
Contributions, distributions and other
-€13,149
Cash 2025
€77,958
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,504,776 | €14,007,278 | -€497,499 | -3.4% |
| Formation expenses | 20 | €147,864 | €115,760 | -€32,103 | -21.7% |
| Fixed assets | 21/28 | €14,144,274 | €13,784,118 | -€360,156 | -2.5% |
| Intangible fixed assets | 21 | €437,394 | €344,519 | -€92,876 | -21.2% |
| Tangible fixed assets | 22/27 | €13,086,362 | €12,753,962 | -€332,400 | -2.5% |
| Land and buildings | 22 | €12,925,565 | €12,652,805 | -€272,760 | -2.1% |
| Plant, machinery and equipment | 23 | €15,183 | €8,558 | -€6,625 | -43.6% |
| Furniture and vehicles | 24 | €101,975 | €48,959 | -€53,015 | -52.0% |
| Other tangible fixed assets | 26 | €43,640 | €43,640 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €620,518 | €685,637 | +€65,119 | +10.5% |
| Affiliated companies | 280/1 | €610,346 | €675,465 | +€65,119 | +10.7% |
| Amounts receivable | 281 | €610,346 | €675,465 | +€65,119 | +10.7% |
| Other financial fixed assets | 284/8 | €10,172 | €10,172 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,172 | €10,172 | = | 0.0% |
| Current assets | 29/58 | €212,639 | €107,400 | -€105,239 | -49.5% |
| Stocks and contracts in progress | 3 | €7,945 | €8,562 | +€617 | +7.8% |
| Stocks | 30/36 | €7,945 | €8,562 | +€617 | +7.8% |
| Raw materials and consumables | 30/31 | €7,945 | €8,562 | +€617 | +7.8% |
| Amounts receivable within one year | 40/41 | €31,836 | €13,383 | -€18,453 | -58.0% |
| Trade receivables | 40 | €7,657 | €3,759 | -€3,898 | -50.9% |
| Other amounts receivable | 41 | €24,180 | €9,624 | -€14,555 | -60.2% |
| Cash at bank and in hand | 54/58 | €162,631 | €77,958 | -€84,673 | -52.1% |
| Deferred charges and accrued income | 490/1 | €10,226 | €7,497 | -€2,729 | -26.7% |
| Total equity and liabilities | 10/49 | €14,504,776 | €14,007,278 | -€497,499 | -3.4% |
| Equity | 10/15 | €6,555,873 | €6,207,009 | -€348,864 | -5.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,750,000 | €6,750,000 | = | 0.0% |
| Reserves | 13 | €163,607 | €163,607 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,607 | €163,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,978,843 | -€2,314,557 | -€335,715 | -17.0% |
| Investment grants | 15 | €121,108 | €107,959 | -€13,149 | -10.9% |
| Amounts payable | 17/49 | €7,948,904 | €7,800,269 | -€148,635 | -1.9% |
| Amounts payable after more than one year | 17 | €7,279,896 | €7,083,020 | -€196,875 | -2.7% |
| Financial debts | 170/4 | €7,082,081 | €6,981,132 | -€100,948 | -1.4% |
| Credit institutions | 173 | €756,539 | €592,066 | -€164,473 | -21.7% |
| Other loans | 174 | €6,325,541 | €6,389,067 | +€63,525 | +1.0% |
| Trade debts | 175 | €197,815 | €101,888 | -€95,927 | -48.5% |
| Suppliers | 1750 | €197,815 | €101,888 | -€95,927 | -48.5% |
| Amounts payable within one year | 42/48 | €669,008 | €709,112 | +€40,104 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €19,035 | €168,407 | +€149,372 | +785% |
| Financial debts | 43 | €22,991 | €0 | -€22,991 | -100% |
| Credit institutions | 430/8 | €22,991 | €0 | -€22,991 | -100% |
| Trade debts | 44 | €482,277 | €396,424 | -€85,853 | -17.8% |
| Suppliers | 440/4 | €482,277 | €396,424 | -€85,853 | -17.8% |
| Advances received on contracts in progress | 46 | €30,778 | €56,223 | +€25,444 | +82.7% |
| Taxes, remuneration and social security | 45 | €113,927 | €88,058 | -€25,869 | -22.7% |
| Taxes | 450/3 | €5,283 | €1,899 | -€3,385 | -64.1% |
| Remuneration and social security | 454/9 | €108,643 | €86,159 | -€22,484 | -20.7% |
| Accrued charges and deferred income | 492/3 | €0 | €8,136 | +€8,136 | |
| Operating income | 70/76A | €2,516,251 | €2,498,940 | -€17,311 | -0.7% |
| Turnover | 70 | €2,489,381 | €2,487,152 | -€2,229 | -0.1% |
| Other operating income | 74 | €26,870 | €11,788 | -€15,082 | -56.1% |
| Operating charges | 60/66A | €2,317,041 | €2,359,597 | +€42,556 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €126,469 | €110,018 | -€16,450 | -13.0% |
| Purchases | 600/8 | €126,902 | €110,635 | -€16,267 | -12.8% |
| Change in stocks: decrease (increase) | 609 | -€434 | -€617 | -€183 | -42.1% |
| Services and other goods | 61 | €1,043,023 | €1,101,738 | +€58,715 | +5.6% |
| Remuneration, social security and pensions | 62 | €475,643 | €439,840 | -€35,802 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519,177 | €544,463 | +€25,286 | +4.9% |
| Other operating charges | 640/8 | €148,826 | €160,401 | +€11,575 | +7.8% |
| Non-recurring operating charges | 66A | €3,904 | €3,137 | -€767 | -19.7% |
| Operating profit (loss) | 9901 | €199,210 | €139,343 | -€59,867 | -30.1% |
| Financial income | 75/76B | €33,639 | €27,954 | -€5,685 | -16.9% |
| Recurring financial income | 75 | €33,639 | €27,954 | -€5,685 | -16.9% |
| Income from financial fixed assets | 750 | €20,048 | €14,361 | -€5,687 | -28.4% |
| Income from current assets | 751 | €410 | €443 | +€33 | +8.1% |
| Other financial income | 752/9 | €13,182 | €13,151 | -€31 | -0.2% |
| Financial charges | 65/66B | €548,424 | €503,012 | -€45,412 | -8.3% |
| Recurring financial charges | 65 | €548,424 | €503,012 | -€45,412 | -8.3% |
| Debt charges | 650 | €547,562 | €502,727 | -€44,835 | -8.2% |
| Other financial charges | 652/9 | €862 | €285 | -€577 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€315,575 | -€335,715 | -€20,140 | -6.4% |
| Income taxes | 67/77 | €96 | €0 | -€96 | -100% |
| Taxes | 670/3 | €96 | €0 | -€96 | -100% |
| Profit (loss) for the period | 9904 | -€315,671 | -€335,715 | -€20,044 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€315,671 | -€335,715 | -€20,044 | -6.3% |
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.