D 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.
What changed
D Hotel
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,098
2024 · -€91,057+€125,154
Equity
€90,769
2024 · €56,671+€34,098
Cash
€112,327
2024 · €90,209+€22,118
Balance sheet total
€5.7m
2024 · €5.8m-€91,617
Largest movements
Assets
- Tangible fixed assets -€116,357
down €116,357 (-2.0%), from €5.7m to €5.6m
of which Land and buildings: -€170,182
Equity and liabilities
- Debts after one year -€178,958
down €178,958 (-3.8%), from €4.7m to €4.5m
of which Financial debts: -€178,958
Income statement
- Gross operating margin +€92,890
up €92,890 (+15.4%), from €603,185 to €696,075
- Staff costs -€29,126
down €29,126 (-8.1%), from €359,330 to €330,204
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
-€91,057
Gross operating margin
+€92,890
Staff costs
+€29,126
Depreciation
-€2,633
Other operating charges
+€3,047
Financial income
+€1,885
Financial charges
+€839
Result 2025
€34,098
raises the resultlowers the result
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
+€316,599
Investment
-€119,825
Financing
-€174,657
Cash 2024
€90,209
From operations (derived)
+€316,599
Net result for the year
+€34,098
Depreciation
+€236,602
Receivables within one year
+€3,298
Deferred charges and accrued income
-€6,340
Trade debts
+€56,550
Tax, wage and social debts
-€8,064
Smaller working-capital items
+€457
Investment (derived)
-€119,825
Investment in fixed assets (net)
-€119,825
Financing
-€174,657
Debts after one year
-€178,958
Current portion of long-term debt
+€3,815
Short-term financial debts
+€486
Cash 2025
€112,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,813,564 | €5,721,947 | -€91,617 | -1.6% |
| Fixed assets | 21/28 | €5,704,377 | €5,587,600 | -€116,777 | -2.0% |
| Intangible fixed assets | 21 | €502 | €82 | -€420 | -83.7% |
| Tangible fixed assets | 22/27 | €5,703,876 | €5,587,519 | -€116,357 | -2.0% |
| Land and buildings | 22 | €5,673,628 | €5,503,445 | -€170,182 | -3.0% |
| Plant, machinery and equipment | 23 | €17,777 | €39,729 | +€21,951 | +123% |
| Furniture and vehicles | 24 | €5,902 | €17,443 | +€11,542 | +196% |
| Other tangible fixed assets | 26 | €6,569 | €26,901 | +€20,332 | +310% |
| Current assets | 29/58 | €109,186 | €134,347 | +€25,160 | +23.0% |
| Amounts receivable within one year | 40/41 | €18,872 | €15,573 | -€3,298 | -17.5% |
| Trade receivables | 40 | €18,872 | €10,607 | -€8,264 | -43.8% |
| Other amounts receivable | 41 | - | €4,966 | +€4,966 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,209 | €112,327 | +€22,118 | +24.5% |
| Deferred charges and accrued income | 490/1 | €106 | €6,446 | +€6,340 | +5,990% |
| Total equity and liabilities | 10/49 | €5,813,564 | €5,721,947 | -€91,617 | -1.6% |
| Equity | 10/15 | €56,671 | €90,769 | +€34,098 | +60.2% |
| Contributions | 10/11 | €1,225,000 | €1,225,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,168,329 | -€1,134,231 | +€34,098 | +2.9% |
| Amounts payable | 17/49 | €5,756,892 | €5,631,178 | -€125,714 | -2.2% |
| Amounts payable after more than one year | 17 | €4,676,584 | €4,497,626 | -€178,958 | -3.8% |
| Financial debts | 170/4 | €3,006,584 | €2,827,626 | -€178,958 | -6.0% |
| Other amounts payable | 178/9 | €1,670,000 | €1,670,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,071,191 | €1,124,174 | +€52,983 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €175,142 | €178,958 | +€3,815 | +2.2% |
| Financial debts | 43 | €100,000 | €100,486 | +€486 | +0.5% |
| Credit institutions | 430/8 | €100,000 | €100,486 | +€486 | +0.5% |
| Trade debts | 44 | €16,775 | €73,325 | +€56,550 | +337% |
| Suppliers | 440/4 | €16,775 | €73,325 | +€56,550 | +337% |
| Advances received on contracts in progress | 46 | €627 | €657 | +€30 | +4.8% |
| Taxes, remuneration and social security | 45 | €43,997 | €35,932 | -€8,064 | -18.3% |
| Taxes | 450/3 | €3,946 | €0 | -€3,946 | -100% |
| Remuneration and social security | 454/9 | €40,051 | €35,932 | -€4,118 | -10.3% |
| Other amounts payable | 47/48 | €734,650 | €734,816 | +€167 | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,118 | €9,378 | +€260 | +2.9% |
| Remuneration, social security and pensions | 62 | €359,330 | €330,204 | -€29,126 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,968 | €236,602 | +€2,633 | +1.1% |
| Other operating charges | 640/8 | €33,140 | €30,093 | -€3,047 | -9.2% |
| Gross operating margin | 9900 | €603,185 | €696,075 | +€92,890 | +15.4% |
| Operating profit (loss) | 9901 | -€23,253 | €99,176 | +€122,429 | |
| Financial income | 75/76B | €6,076 | €7,962 | +€1,885 | +31.0% |
| Recurring financial income | 75 | €6,076 | €7,962 | +€1,885 | +31.0% |
| Financial charges | 65/66B | €73,880 | €73,040 | -€839 | -1.1% |
| Recurring financial charges | 65 | €73,880 | €73,040 | -€839 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€91,057 | €34,098 | +€125,154 | |
| Profit (loss) for the period | 9904 | -€91,057 | €34,098 | +€125,154 | |
| Transfer from tax-exempt reserves | 789 | €705,780 | €0 | -€705,780 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €614,724 | €34,098 | -€580,626 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.