CAROLOTEL: what changed
What changed
CAROLOTEL
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€54,160
2024 · €409,770-€463,930
Equity
-€732,467
2024 · -€678,307-€54,160
Cash
€46,876
2024 · €65,668-€18,791
Balance sheet total
€706,253
2024 · €873,714-€167,461
Largest movements
Assets
- Intangible fixed assets -€91,376
down €91,376 (-28.8%), from €317,382 to €226,006
- Tangible fixed assets -€44,719
down €44,719 (-16.4%), from €272,674 to €227,955
of which Other tangible fixed assets: -€38,681
- Cash -€18,791
down €18,791 (-28.6%), from €65,668 to €46,876
mainly Debts after one year (-€81,863) and Net result for the year (-€54,160)
- Receivables within one year -€15,151
down €15,151 (-8.1%), from €185,986 to €170,836
of which Trade receivables: -€9,682
Equity and liabilities
- Debts after one year -€81,863
down €81,863 (-8.3%), from €989,651 to €907,788
of which Trade debts: -€47,833
- Profit (loss) carried forward -€54,160
down €54,160 (-3.4%), from -€1.6m to -€1.7m
- Short-term financial debts -€23,663
down €23,663 (-98.6%), from €24,002 to €339
- Tax, wage and social debts -€9,551
down €9,551 (-5.3%), from €179,876 to €170,325
of which Remuneration and social security: -€12,118
Income statement
- Gross operating margin -€464,690
down €464,690 (-44.7%), from €1.0m to €574,464
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
€409,770
Gross operating margin
-€464,690
Staff costs
-€3,507
Depreciation
+€1,987
Other operating charges
-€6,609
Other operating items
+€356
Financial income
+€736
Financial charges
+€7,818
Taxes
-€20
Result 2025
-€54,160
raises the resultlowers the resultnot broken down further in the accounts
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
+€99,890
Investment
-€13,659
Financing
-€105,022
Cash 2024
€65,668
From operations (derived)
+€99,890
Net result for the year
-€54,160
Depreciation
+€149,754
Stocks and contracts
-€2,261
Receivables within one year
+€15,151
Smaller working-capital items
-€565
Trade debts
-€6,351
Tax, wage and social debts
-€9,551
Advances received
+€7,873
Investment (derived)
-€13,659
Investment in fixed assets (net)
-€13,659
Financing
-€105,022
Debts after one year
-€81,863
Current portion of long-term debt
+€504
Short-term financial debts
-€23,663
Cash 2025
€46,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,714 | €706,253 | -€167,461 | -19.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €611,958 | €475,863 | -€136,094 | -22.2% |
| Intangible fixed assets | 21 | €317,382 | €226,006 | -€91,376 | -28.8% |
| Tangible fixed assets | 22/27 | €272,674 | €227,955 | -€44,719 | -16.4% |
| Plant, machinery and equipment | 23 | €12,980 | €9,606 | -€3,374 | -26.0% |
| Furniture and vehicles | 24 | €2,903 | €239 | -€2,664 | -91.8% |
| Other tangible fixed assets | 26 | €256,790 | €218,110 | -€38,681 | -15.1% |
| Financial fixed assets | 28 | €21,902 | €21,902 | = | 0.0% |
| Current assets | 29/58 | €261,756 | €230,389 | -€31,367 | -12.0% |
| Stocks and contracts in progress | 3 | €4,809 | €7,070 | +€2,261 | +47.0% |
| Stocks | 30/36 | €4,809 | €7,070 | +€2,261 | +47.0% |
| Amounts receivable within one year | 40/41 | €185,986 | €170,836 | -€15,151 | -8.1% |
| Trade receivables | 40 | €11,507 | €1,824 | -€9,682 | -84.1% |
| Other amounts receivable | 41 | €174,480 | €169,011 | -€5,469 | -3.1% |
| Cash at bank and in hand | 54/58 | €65,668 | €46,876 | -€18,791 | -28.6% |
| Deferred charges and accrued income | 490/1 | €5,293 | €5,607 | +€314 | +5.9% |
| Total equity and liabilities | 10/49 | €873,714 | €706,253 | -€167,461 | -19.2% |
| Equity | 10/15 | -€678,307 | -€732,467 | -€54,160 | -8.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €435,005 | €435,005 | = | 0.0% |
| Tax-exempt reserves | 132 | €435,005 | €435,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,613,312 | -€1,667,472 | -€54,160 | -3.4% |
| Amounts payable | 17/49 | €1,552,021 | €1,438,720 | -€113,302 | -7.3% |
| Amounts payable after more than one year | 17 | €989,651 | €907,788 | -€81,863 | -8.3% |
| Financial debts | 170/4 | €882,028 | €847,998 | -€34,030 | -3.9% |
| Trade debts | 175 | €107,623 | €59,791 | -€47,833 | -44.4% |
| Amounts payable within one year | 42/48 | €561,829 | €530,641 | -€31,188 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €16,416 | €16,920 | +€504 | +3.1% |
| Financial debts | 43 | €24,002 | €339 | -€23,663 | -98.6% |
| Credit institutions | 430/8 | €24,002 | €339 | -€23,663 | -98.6% |
| Trade debts | 44 | €320,755 | €314,404 | -€6,351 | -2.0% |
| Suppliers | 440/4 | €320,755 | €314,404 | -€6,351 | -2.0% |
| Advances received on contracts in progress | 46 | €20,780 | €28,653 | +€7,873 | +37.9% |
| Taxes, remuneration and social security | 45 | €179,876 | €170,325 | -€9,551 | -5.3% |
| Taxes | 450/3 | €6,438 | €9,004 | +€2,566 | +39.9% |
| Remuneration and social security | 454/9 | €173,438 | €161,320 | -€12,118 | -7.0% |
| Accrued charges and deferred income | 492/3 | €541 | €290 | -€251 | -46.3% |
| Non-recurring operating income | 76A | €118,032 | €0 | -€118,032 | -100% |
| Remuneration, social security and pensions | 62 | €428,012 | €431,520 | +€3,507 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,741 | €149,754 | -€1,987 | -1.3% |
| Other operating charges | 640/8 | €11,324 | €17,933 | +€6,609 | +58.4% |
| Non-recurring operating charges | 66A | €3,484 | €3,129 | -€356 | -10.2% |
| Gross operating margin | 9900 | €1,039,154 | €574,464 | -€464,690 | -44.7% |
| Operating profit (loss) | 9901 | €444,593 | -€27,872 | -€472,464 | |
| Financial income | 75/76B | €1,692 | €2,428 | +€736 | +43.5% |
| Recurring financial income | 75 | €1,692 | €2,428 | +€736 | +43.5% |
| Financial charges | 65/66B | €36,446 | €28,629 | -€7,818 | -21.4% |
| Recurring financial charges | 65 | €36,446 | €28,629 | -€7,818 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €409,839 | -€54,072 | -€463,910 | |
| Income taxes | 67/77 | €68 | €88 | +€20 | +28.8% |
| Profit (loss) for the period | 9904 | €409,770 | -€54,160 | -€463,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €409,770 | -€54,160 | -€463,930 |
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 3 November 2026 via checked.be.