DOLCE LA HULPE: 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
DOLCE LA HULPE
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · €310,330-€1.8m
Equity
€2.4m
2024 · €4.0m-€1.6m
Cash
€189,269
2024 · €665,941-€476,672
Balance sheet total
€30.0m
2024 · €31.8m-€1.8m
Largest movements
Assets
- Tangible fixed assets -€2.0m
down €2.0m (-6.7%), from €29.3m to €27.3m
of which Plant, machinery and equipment: -€1.1m
- Receivables within one year +€699,504
up €699,504 (+60.4%), from €1.2m to €1.9m
of which Trade receivables: +€644,938
- Cash -€476,672
down €476,672 (-71.6%), from €665,941 to €189,269
mainly Debts after one year (-€8.4m) and Net result for the year (-€1.5m)
Equity and liabilities
- Debts after one year -€8.4m
down €8.4m (-51.6%), from €16.2m to €7.9m
- Current portion of long-term debt +€7.1m
up €7.1m (+575%), from €1.2m to €8.4m
- Profit (loss) carried forward -€1.5m
down €1.5m (-8.7%), from -€17.6m to -€19.1m
- Tax, wage and social debts +€572,156
up €572,156 (+39.1%), from €1.5m to €2.0m
of which Remuneration and social security: +€400,500
Income statement
- Turnover -€2.2m
down €2.2m (-8.8%), from €24.5m to €22.3m
- Financial charges -€355,157
down €355,157 (-24.4%), from €1.5m to €1.1m
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
€310,330
Turnover
-€2.2m
Other operating income
-€3,993
Goods and materials
+€77,559
Services and other goods
-€89,879
Staff costs
-€14,685
Depreciation
+€56,834
Other operating charges
-€67,041
Other operating items
-€112,103
Financial income
-€4,538
Financial charges
+€355,157
Taxes
+€116,705
Result 2025
-€1.5m
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
+€1.0m
Investment
-€342,206
Financing
-€1.2m
Cash 2024
€665,941
From operations (derived)
+€1.0m
Net result for the year
-€1.5m
Depreciation
+€2.3m
Smaller working-capital items
+€8,931
Receivables within one year
-€699,504
Trade debts
+€242,410
Tax, wage and social debts
+€572,156
Advances received
-€145,226
Accrued charges and deferred income
+€270,599
Investment (derived)
-€342,206
Investment in fixed assets (net)
-€342,206
Financing
-€1.2m
Debts after one year
-€8.4m
Current portion of long-term debt
+€7.1m
Short-term financial debts
+€110,001
Contributions, distributions and other
-€49,899
Cash 2025
€189,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,791,513 | €30,018,665 | -€1.8m | -5.6% |
| Fixed assets | 21/28 | €29,488,239 | €27,501,490 | -€2.0m | -6.7% |
| Intangible fixed assets | 21 | €2,069 | €0 | -€2,069 | -100% |
| Tangible fixed assets | 22/27 | €29,277,325 | €27,301,546 | -€2.0m | -6.7% |
| Land and buildings | 22 | €23,039,306 | €22,325,362 | -€713,944 | -3.1% |
| Plant, machinery and equipment | 23 | €3,298,683 | €2,247,500 | -€1.1m | -31.9% |
| Furniture and vehicles | 24 | €563,701 | €517,488 | -€46,213 | -8.2% |
| Other tangible fixed assets | 26 | €2,369,162 | €2,211,196 | -€157,966 | -6.7% |
| Assets under construction and advance payments | 27 | €6,473 | €0 | -€6,473 | -100% |
| Financial fixed assets | 28 | €208,845 | €199,944 | -€8,901 | -4.3% |
| Other financial fixed assets | 284/8 | €208,845 | €199,944 | -€8,901 | -4.3% |
| Amounts receivable and cash guarantees | 285/8 | €208,845 | €199,944 | -€8,901 | -4.3% |
| Current assets | 29/58 | €2,303,274 | €2,517,175 | +€213,901 | +9.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €193,865 | €196,143 | +€2,278 | +1.2% |
| Stocks | 30/36 | €193,865 | €196,143 | +€2,278 | +1.2% |
| Goods purchased for resale | 34 | €193,865 | €196,143 | +€2,278 | +1.2% |
| Amounts receivable within one year | 40/41 | €1,157,694 | €1,857,198 | +€699,504 | +60.4% |
| Trade receivables | 40 | €1,077,682 | €1,722,620 | +€644,938 | +59.8% |
| Other amounts receivable | 41 | €80,012 | €134,578 | +€54,566 | +68.2% |
| Cash at bank and in hand | 54/58 | €665,941 | €189,269 | -€476,672 | -71.6% |
| Deferred charges and accrued income | 490/1 | €185,774 | €174,565 | -€11,209 | -6.0% |
| Total equity and liabilities | 10/49 | €31,791,513 | €30,018,665 | -€1.8m | -5.6% |
| Equity | 10/15 | €4,031,286 | €2,448,498 | -€1.6m | -39.3% |
| Contributions | 10/11 | €10,806,645 | €10,806,645 | = | 0.0% |
| Capital | 10 | €6,208,432 | €6,208,432 | = | 0.0% |
| Issued capital | 100 | €6,208,432 | €6,208,432 | = | 0.0% |
| Contributions outside capital | 11 | €4,598,213 | €4,598,213 | = | 0.0% |
| Share premium | 1100/10 | €4,598,213 | €4,598,213 | = | 0.0% |
| Revaluation surpluses | 12 | €6,834,041 | €6,605,360 | -€228,681 | -3.3% |
| Reserves | 13 | €3,128,134 | €3,356,814 | +€228,680 | +7.3% |
| Distributable reserves | 133 | €3,128,134 | €3,356,814 | +€228,680 | +7.3% |
| Profit (loss) carried forward | 14 | -€17,598,749 | -€19,131,638 | -€1.5m | -8.7% |
| Investment grants | 15 | €861,215 | €811,317 | -€49,898 | -5.8% |
| Provisions and deferred taxes | 16 | €48,000 | €48,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €48,000 | €48,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €48,000 | €48,000 | = | 0.0% |
| Amounts payable | 17/49 | €27,712,227 | €27,522,167 | -€190,060 | -0.7% |
| Amounts payable after more than one year | 17 | €16,222,920 | €7,852,920 | -€8.4m | -51.6% |
| Financial debts | 170/4 | €16,222,920 | €7,852,920 | -€8.4m | -51.6% |
| Subordinated loans | 170 | €7,852,920 | €7,852,920 | = | 0.0% |
| Credit institutions | 173 | €8,370,000 | - | -€8.4m | |
| Amounts payable within one year | 42/48 | €9,812,803 | €17,722,144 | +€7.9m | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €1,240,000 | €8,370,000 | +€7.1m | +575% |
| Financial debts | 43 | €1,573,358 | €1,683,359 | +€110,001 | +7.0% |
| Credit institutions | 430/8 | €1,573,358 | €1,683,359 | +€110,001 | +7.0% |
| Trade debts | 44 | €2,654,489 | €2,896,899 | +€242,410 | +9.1% |
| Suppliers | 440/4 | €2,654,489 | €2,896,899 | +€242,410 | +9.1% |
| Advances received on contracts in progress | 46 | €2,882,763 | €2,737,537 | -€145,226 | -5.0% |
| Taxes, remuneration and social security | 45 | €1,462,193 | €2,034,349 | +€572,156 | +39.1% |
| Taxes | 450/3 | €169,873 | €341,529 | +€171,656 | +101% |
| Remuneration and social security | 454/9 | €1,292,320 | €1,692,820 | +€400,500 | +31.0% |
| Accrued charges and deferred income | 492/3 | €1,676,504 | €1,947,103 | +€270,599 | +16.1% |
| Operating income | 70/76A | €25,186,530 | €23,025,302 | -€2.2m | -8.6% |
| Turnover | 70 | €24,457,675 | €22,300,440 | -€2.2m | -8.8% |
| Other operating income | 74 | €728,855 | €724,862 | -€3,993 | -0.5% |
| Operating charges | 60/66A | €23,404,166 | €23,553,481 | +€149,315 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €2,616,769 | €2,539,210 | -€77,559 | -3.0% |
| Purchases | 600/8 | €2,646,618 | €2,541,488 | -€105,130 | -4.0% |
| Change in stocks: decrease (increase) | 609 | -€29,849 | -€2,278 | +€27,571 | +92.4% |
| Services and other goods | 61 | €8,624,420 | €8,714,299 | +€89,879 | +1.0% |
| Remuneration, social security and pensions | 62 | €9,242,586 | €9,257,271 | +€14,685 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,385,789 | €2,328,955 | -€56,834 | -2.4% |
| Other operating charges | 640/8 | €534,602 | €601,643 | +€67,041 | +12.5% |
| Non-recurring operating charges | 66A | €0 | €112,103 | +€112,103 | |
| Operating profit (loss) | 9901 | €1,782,364 | -€528,179 | -€2.3m | |
| Financial income | 75/76B | €60,369 | €55,831 | -€4,538 | -7.5% |
| Recurring financial income | 75 | €60,369 | €55,831 | -€4,538 | -7.5% |
| Income from financial fixed assets | 750 | €9,257 | €5,933 | -€3,324 | -35.9% |
| Other financial income | 752/9 | €51,112 | €49,898 | -€1,214 | -2.4% |
| Financial charges | 65/66B | €1,456,933 | €1,101,776 | -€355,157 | -24.4% |
| Recurring financial charges | 65 | €1,456,933 | €1,101,776 | -€355,157 | -24.4% |
| Debt charges | 650 | €1,319,118 | €915,568 | -€403,550 | -30.6% |
| Other financial charges | 652/9 | €137,815 | €186,208 | +€48,393 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €385,800 | -€1,574,124 | -€2.0m | |
| Income taxes | 67/77 | €75,470 | -€41,235 | -€116,705 | |
| Taxes | 670/3 | €75,470 | €5,000 | -€70,470 | -93.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €46,235 | +€46,235 | |
| Profit (loss) for the period | 9904 | €310,330 | -€1,532,889 | -€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €310,330 | -€1,532,889 | -€1.8m |
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 26 October 2026 via checked.be.