DIFFERENT HOTELS: 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
DIFFERENT HOTELS
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€588,750
2024 · €1.0m-€420,037
Equity
€4.0m
2024 · €3.5m+€543,837
Cash
€639,581
2024 · €763,116-€123,536
Balance sheet total
€8.2m
2024 · €8.4m-€146,938
Largest movements
Assets
- Deferred charges and accrued income +€143,471
up €143,471 (+47.2%), from €304,177 to €447,648
- Receivables within one year +€125,099
up €125,099 (+4.1%), from €3.0m to €3.2m
of which Other amounts receivable: +€462,254
- Cash -€123,536
down €123,536 (-16.2%), from €763,116 to €639,581
mainly Investment in fixed assets (net) (-€680,689) and Other debts (-€300,000)
- Formation expenses -€113,746
down €113,746 (-10.7%), from €1.1m to €951,165
- Tangible fixed assets -€109,565
down €109,565 (-4.2%), from €2.6m to €2.5m
of which Plant, machinery and equipment: -€249,258
Equity and liabilities
- Profit (loss) carried forward +€588,750
up €588,750 (+23.2%), from -€2.5m to -€1.9m
- Other debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Debts after one year -€206,249
down €206,249 (-10.5%), from €2.0m to €1.8m
- Current portion of long-term debt -€166,786
down €166,786 (-21.7%), from €768,547 to €601,761
Income statement
- Turnover -€807,387
down €807,387 (-5.4%), from €14.9m to €14.1m
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
€1.0m
Turnover
-€807,387
Other operating income
+€43,401
Goods and materials
+€52,974
Services and other goods
+€112,859
Staff costs
+€147,329
Depreciation
+€51,927
Other operating charges
+€57,972
Other operating items
+€66,573
Financial income
-€30,511
Financial charges
-€108,856
Taxes
-€6,317
Result 2025
€588,750
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
+€982,855
Investment
-€680,689
Financing
-€425,702
Cash 2024
€763,116
From operations (derived)
+€982,855
Net result for the year
+€588,750
Depreciation
+€972,475
Stocks and contracts
+€187
Receivables within one year
-€125,099
Deferred charges and accrued income
-€143,471
Trade debts
+€11,349
Tax, wage and social debts
+€17,537
Advances received
-€14,690
Other debts
-€300,000
Accrued charges and deferred income
-€24,183
Investment (derived)
-€680,689
Investment in fixed assets (net)
-€680,689
Financing
-€425,702
Debts after one year
-€206,249
Current portion of long-term debt
-€166,786
Short-term financial debts
-€7,753
Contributions, distributions and other
-€44,913
Cash 2025
€639,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,382,067 | €8,235,129 | -€146,938 | -1.8% |
| Formation expenses | 20 | €1,064,911 | €951,165 | -€113,746 | -10.7% |
| Fixed assets | 21/28 | €3,078,092 | €2,900,053 | -€178,040 | -5.8% |
| Intangible fixed assets | 21 | €448,183 | €379,708 | -€68,474 | -15.3% |
| Tangible fixed assets | 22/27 | €2,626,910 | €2,517,344 | -€109,565 | -4.2% |
| Plant, machinery and equipment | 23 | €2,224,238 | €1,974,980 | -€249,258 | -11.2% |
| Furniture and vehicles | 24 | €339,600 | €313,958 | -€25,642 | -7.6% |
| Leasing and similar rights | 25 | €63,072 | €18,746 | -€44,326 | -70.3% |
| Other tangible fixed assets | 26 | - | €209,660 | +€209,660 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €4,239,064 | €4,383,911 | +€144,848 | +3.4% |
| Stocks and contracts in progress | 3 | €133,263 | €133,076 | -€187 | -0.1% |
| Stocks | 30/36 | €133,263 | €133,076 | -€187 | -0.1% |
| Raw materials and consumables | 30/31 | €133,263 | €133,076 | -€187 | -0.1% |
| Amounts receivable within one year | 40/41 | €3,038,507 | €3,163,607 | +€125,099 | +4.1% |
| Trade receivables | 40 | €550,021 | €212,866 | -€337,155 | -61.3% |
| Other amounts receivable | 41 | €2,488,487 | €2,950,741 | +€462,254 | +18.6% |
| Cash at bank and in hand | 54/58 | €763,116 | €639,581 | -€123,536 | -16.2% |
| Deferred charges and accrued income | 490/1 | €304,177 | €447,648 | +€143,471 | +47.2% |
| Total equity and liabilities | 10/49 | €8,382,067 | €8,235,129 | -€146,938 | -1.8% |
| Equity | 10/15 | €3,474,547 | €4,018,383 | +€543,837 | +15.7% |
| Contributions | 10/11 | €5,768,300 | €5,768,300 | = | 0.0% |
| Capital | 10 | €5,768,300 | €5,768,300 | = | 0.0% |
| Issued capital | 100 | €5,768,300 | €5,768,300 | = | 0.0% |
| Reserves | 13 | €55,253 | €55,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,253 | €55,253 | = | 0.0% |
| Legal reserve | 130 | €55,253 | €55,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,538,541 | -€1,949,791 | +€588,750 | +23.2% |
| Investment grants | 15 | €189,535 | €144,622 | -€44,913 | -23.7% |
| Amounts payable | 17/49 | €4,907,520 | €4,216,745 | -€690,775 | -14.1% |
| Amounts payable after more than one year | 17 | €1,963,818 | €1,757,569 | -€206,249 | -10.5% |
| Financial debts | 170/4 | €1,963,818 | €1,757,569 | -€206,249 | -10.5% |
| Leasing and similar obligations | 172 | €19,540 | €2,619 | -€16,921 | -86.6% |
| Credit institutions | 173 | €477,382 | €384,550 | -€92,832 | -19.4% |
| Other loans | 174 | €1,466,896 | €1,370,400 | -€96,496 | -6.6% |
| Amounts payable within one year | 42/48 | €2,681,829 | €2,221,486 | -€460,343 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €768,547 | €601,761 | -€166,786 | -21.7% |
| Financial debts | 43 | €90,217 | €82,464 | -€7,753 | -8.6% |
| Credit institutions | 430/8 | €90,217 | €82,464 | -€7,753 | -8.6% |
| Trade debts | 44 | €874,951 | €886,300 | +€11,349 | +1.3% |
| Suppliers | 440/4 | €874,951 | €886,300 | +€11,349 | +1.3% |
| Advances received on contracts in progress | 46 | €14,690 | €0 | -€14,690 | -100% |
| Taxes, remuneration and social security | 45 | €633,424 | €650,962 | +€17,537 | +2.8% |
| Taxes | 450/3 | €47,752 | €150,793 | +€103,041 | +216% |
| Remuneration and social security | 454/9 | €585,672 | €500,169 | -€85,503 | -14.6% |
| Other amounts payable | 47/48 | €300,000 | €0 | -€300,000 | -100% |
| Accrued charges and deferred income | 492/3 | €261,873 | €237,691 | -€24,183 | -9.2% |
| Operating income | 70/76A | €15,537,547 | €14,773,561 | -€763,986 | -4.9% |
| Turnover | 70 | €14,931,205 | €14,123,818 | -€807,387 | -5.4% |
| Other operating income | 74 | €606,343 | €649,744 | +€43,401 | +7.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €14,537,677 | €14,048,044 | -€489,633 | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €1,717,804 | €1,664,830 | -€52,974 | -3.1% |
| Purchases | 600/8 | €1,713,890 | €1,664,643 | -€49,247 | -2.9% |
| Change in stocks: decrease (increase) | 609 | €3,913 | €187 | -€3,726 | -95.2% |
| Services and other goods | 61 | €6,795,585 | €6,682,725 | -€112,859 | -1.7% |
| Remuneration, social security and pensions | 62 | €4,481,237 | €4,333,908 | -€147,329 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024,402 | €972,475 | -€51,927 | -5.1% |
| Other operating charges | 640/8 | €452,077 | €394,106 | -€57,972 | -12.8% |
| Non-recurring operating charges | 66A | €66,573 | €0 | -€66,573 | -100% |
| Operating profit (loss) | 9901 | €999,870 | €725,518 | -€274,353 | -27.4% |
| Financial income | 75/76B | €144,486 | €113,974 | -€30,511 | -21.1% |
| Recurring financial income | 75 | €144,486 | €113,974 | -€30,511 | -21.1% |
| Income from current assets | 751 | €38,935 | €67,524 | +€28,589 | +73.4% |
| Other financial income | 752/9 | €105,550 | €46,450 | -€59,100 | -56.0% |
| Financial charges | 65/66B | €134,072 | €242,928 | +€108,856 | +81.2% |
| Recurring financial charges | 65 | €134,072 | €242,928 | +€108,856 | +81.2% |
| Debt charges | 650 | €117,728 | €222,228 | +€104,500 | +88.8% |
| Other financial charges | 652/9 | €16,344 | €20,700 | +€4,357 | +26.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,010,284 | €596,564 | -€413,720 | -41.0% |
| Income taxes | 67/77 | €1,497 | €7,814 | +€6,317 | +422% |
| Taxes | 670/3 | €1,497 | €7,814 | +€6,317 | +422% |
| Profit (loss) for the period | 9904 | €1,008,787 | €588,750 | -€420,037 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,008,787 | €588,750 | -€420,037 | -41.6% |
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 14 October 2026 via checked.be.