DE ROTONDE: 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
DE ROTONDE
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,288
2024 · €18,291+€14,997
Equity
€381,515
2024 · €353,829+€27,686
Cash
€5,314
2024 · €2,557+€2,757
Balance sheet total
€943,363
2024 · €1.1m-€119,089
Largest movements
Assets
- Stocks and contracts -€113,225
no longer reported in 2025 (was €113,225)
- Receivables within one year +€45,873
up €45,873 (+193%), from €23,825 to €69,699
of which Other amounts receivable: +€36,270
- Tangible fixed assets -€35,992
down €35,992 (-4.3%), from €833,151 to €797,158
- Intangible fixed assets -€16,359
down €16,359 (-18.8%), from €87,062 to €70,703
Equity and liabilities
- Debts after one year -€125,707
down €125,707 (-24.0%), from €522,741 to €397,034
- Profit (loss) carried forward +€32,238
up €32,238 (+57.8%), from -€55,757 to -€23,519
Income statement
- Gross operating margin +€39,916
up €39,916 (+21.0%), from €190,293 to €230,209
- Taxes +€15,359
up €15,359 (+153,590,700%), from €0 to €15,359
- Staff costs +€14,967
up €14,967 (+20.0%), from €74,925 to €89,892
- Financial charges -€4,657
down €4,657 (-16.4%), from €28,399 to €23,741
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
€18,291
Gross operating margin
+€39,916
Staff costs
-€14,967
Depreciation
+€1,821
Other operating charges
-€2,267
Financial income
+€1,196
Financial charges
+€4,657
Taxes
-€15,359
Result 2025
€33,288
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
+€160,436
Investment
-€14,677
Financing
-€143,002
Cash 2024
€2,557
From operations (derived)
+€160,436
Net result for the year
+€33,288
Depreciation
+€67,029
Stocks and contracts
+€113,225
Receivables within one year
-€45,873
Deferred charges and accrued income
+€2,143
Provisions
-€1,138
Trade debts
+€3,358
Tax, wage and social debts
-€4,835
Advances received
-€105
Other debts
-€6,656
Investment (derived)
-€14,677
Investment in fixed assets (net)
-€14,677
Financing
-€143,002
Debts after one year
-€125,707
Current portion of long-term debt
-€3,241
Short-term financial debts
-€8,452
Contributions, distributions and other
-€5,602
Cash 2025
€5,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,453 | €943,363 | -€119,089 | -11.2% |
| Fixed assets | 21/28 | €920,213 | €867,861 | -€52,352 | -5.7% |
| Intangible fixed assets | 21 | €87,062 | €70,703 | -€16,359 | -18.8% |
| Tangible fixed assets | 22/27 | €833,151 | €797,158 | -€35,992 | -4.3% |
| Land and buildings | 22 | €479,596 | €464,223 | -€15,372 | -3.2% |
| Plant, machinery and equipment | 23 | €15,170 | €11,205 | -€3,965 | -26.1% |
| Furniture and vehicles | 24 | €45,016 | €41,438 | -€3,578 | -7.9% |
| Other tangible fixed assets | 26 | €293,369 | €280,292 | -€13,077 | -4.5% |
| Current assets | 29/58 | €142,240 | €75,502 | -€66,738 | -46.9% |
| Stocks and contracts in progress | 3 | €113,225 | - | -€113,225 | |
| Stocks | 30/36 | €113,225 | - | -€113,225 | |
| Amounts receivable within one year | 40/41 | €23,825 | €69,699 | +€45,873 | +193% |
| Trade receivables | 40 | €7,604 | €17,207 | +€9,603 | +126% |
| Other amounts receivable | 41 | €16,222 | €52,492 | +€36,270 | +224% |
| Cash at bank and in hand | 54/58 | €2,557 | €5,314 | +€2,757 | +108% |
| Deferred charges and accrued income | 490/1 | €2,633 | €490 | -€2,143 | -81.4% |
| Total equity and liabilities | 10/49 | €1,062,453 | €943,363 | -€119,089 | -11.2% |
| Equity | 10/15 | €353,829 | €381,515 | +€27,686 | +7.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €379,586 | €375,034 | -€4,552 | -1.2% |
| Tax-exempt reserves | 132 | €127,597 | €123,045 | -€4,552 | -3.6% |
| Distributable reserves | 133 | €251,989 | €251,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,757 | -€23,519 | +€32,238 | +57.8% |
| Provisions and deferred taxes | 16 | €31,899 | €30,761 | -€1,138 | -3.6% |
| Provisions for liabilities and charges | 160/5 | €31,899 | €30,761 | -€1,138 | -3.6% |
| Taxes | 161 | €31,899 | €30,761 | -€1,138 | -3.6% |
| Amounts payable | 17/49 | €676,725 | €531,087 | -€145,637 | -21.5% |
| Amounts payable after more than one year | 17 | €522,741 | €397,034 | -€125,707 | -24.0% |
| Financial debts | 170/4 | €522,741 | €397,034 | -€125,707 | -24.0% |
| Amounts payable within one year | 42/48 | €153,984 | €134,053 | -€19,930 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €47,121 | €43,880 | -€3,241 | -6.9% |
| Financial debts | 43 | €40,269 | €31,817 | -€8,452 | -21.0% |
| Credit institutions | 430/8 | €40,269 | €11,817 | -€28,452 | -70.7% |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €9,612 | €12,970 | +€3,358 | +34.9% |
| Suppliers | 440/4 | €9,612 | €12,970 | +€3,358 | +34.9% |
| Advances received on contracts in progress | 46 | €3,040 | €2,935 | -€105 | -3.5% |
| Taxes, remuneration and social security | 45 | €36,302 | €31,467 | -€4,835 | -13.3% |
| Taxes | 450/3 | €16,481 | €8,782 | -€7,698 | -46.7% |
| Remuneration and social security | 454/9 | €19,821 | €22,685 | +€2,863 | +14.4% |
| Other amounts payable | 47/48 | €17,640 | €10,984 | -€6,656 | -37.7% |
| Remuneration, social security and pensions | 62 | €74,925 | €89,892 | +€14,967 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,850 | €67,029 | -€1,821 | -2.6% |
| Other operating charges | 640/8 | €5,846 | €8,113 | +€2,267 | +38.8% |
| Gross operating margin | 9900 | €190,293 | €230,209 | +€39,916 | +21.0% |
| Operating profit (loss) | 9901 | €40,672 | €65,175 | +€24,503 | +60.2% |
| Financial income | 75/76B | €328 | €1,524 | +€1,196 | +365% |
| Recurring financial income | 75 | €328 | €1,209 | +€881 | +269% |
| Non-recurring financial income | 76B | - | €315 | +€315 | |
| Financial charges | 65/66B | €28,399 | €23,741 | -€4,657 | -16.4% |
| Recurring financial charges | 65 | €28,399 | €23,741 | -€4,657 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €12,601 | €42,957 | +€30,356 | +241% |
| Transfer from deferred taxes | 780 | €5,690 | €5,690 | = | 0.0% |
| Income taxes | 67/77 | €0 | €15,359 | +€15,359 | +153,590,700% |
| Profit (loss) for the period | 9904 | €18,291 | €33,288 | +€14,997 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,291 | €33,288 | +€14,997 | +82.0% |
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 15 October 2026 via checked.be.