FERIAE: 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
FERIAE
NACE 55.300, Accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,180
2024 · €8,940-€14,119
Equity
€337,862
2024 · €343,042-€5,180
Cash
€163,630
2024 · €124,937+€38,692
Balance sheet total
€1.2m
2024 · €1.2m-€55,421
Largest movements
Assets
- Tangible fixed assets -€86,405
down €86,405 (-8.2%), from €1.1m to €971,304
of which Land and buildings: -€62,735
- Cash +€38,692
up €38,692 (+31.0%), from €124,937 to €163,630
mainly Depreciation (+€86,405) and Receivables within one year (+€7,579)
Equity and liabilities
- Debts after one year -€61,068
down €61,068 (-8.7%), from €700,509 to €639,441
Income statement
- Gross operating margin -€17,707
down €17,707 (-12.5%), from €142,069 to €124,362
- Taxes -€3,487
down €3,487 (-91.6%), from €3,807 to €320
- Other operating charges +€2,616
up €2,616 (+36.1%), from €7,254 to €9,870
- Financial charges -€2,132
down €2,132 (-5.7%), from €37,442 to €35,310
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
€8,940
Gross operating margin
-€17,707
Staff costs
-€7
Depreciation
+€263
Other operating charges
-€2,616
Financial income
+€328
Financial charges
+€2,132
Taxes
+€3,487
Result 2025
-€5,180
Cash bridge derived
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
+€97,748
Investment
€0
Financing
-€59,056
Cash 2024
€124,937
From operations (derived)
+€97,748
Net result for the year
-€5,180
Depreciation
+€86,405
Stocks and contracts
+€420
Receivables within one year
+€7,579
Deferred charges and accrued income
-€291
Provisions
-€2,153
Trade debts
+€3,659
Tax, wage and social debts
+€2,488
Other debts
+€3,829
Accrued charges and deferred income
+€992
Financing
-€59,056
Debts after one year
-€61,068
Current portion of long-term debt
+€2,012
Cash 2025
€163,630
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,219,978 | €1,164,557 | -€55,421 | -4.5% |
| Fixed assets | 21/28 | €1,057,709 | €971,304 | -€86,405 | -8.2% |
| Tangible fixed assets | 22/27 | €1,057,709 | €971,304 | -€86,405 | -8.2% |
| Land and buildings | 22 | €1,005,238 | €942,503 | -€62,735 | -6.2% |
| Plant, machinery and equipment | 23 | €7,622 | €4,436 | -€3,186 | -41.8% |
| Furniture and vehicles | 24 | €44,848 | €24,365 | -€20,483 | -45.7% |
| Current assets | 29/58 | €162,269 | €193,253 | +€30,984 | +19.1% |
| Stocks and contracts in progress | 3 | €5,919 | €5,499 | -€420 | -7.1% |
| Stocks | 30/36 | €5,919 | €5,499 | -€420 | -7.1% |
| Amounts receivable within one year | 40/41 | €29,222 | €21,643 | -€7,579 | -25.9% |
| Trade receivables | 40 | €2,856 | €5,496 | +€2,640 | +92.4% |
| Other amounts receivable | 41 | €26,366 | €16,147 | -€10,219 | -38.8% |
| Cash at bank and in hand | 54/58 | €124,937 | €163,630 | +€38,692 | +31.0% |
| Deferred charges and accrued income | 490/1 | €2,190 | €2,481 | +€291 | +13.3% |
| Total equity and liabilities | 10/49 | €1,219,978 | €1,164,557 | -€55,421 | -4.5% |
| Equity | 10/15 | €343,042 | €337,862 | -€5,180 | -1.5% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €238,042 | €232,862 | -€5,180 | -2.2% |
| Tax-exempt reserves | 132 | €116,802 | €110,343 | -€6,459 | -5.5% |
| Distributable reserves | 133 | €121,240 | €122,520 | +€1,279 | +1.1% |
| Provisions and deferred taxes | 16 | €38,934 | €36,781 | -€2,153 | -5.5% |
| Deferred taxes | 168 | €38,934 | €36,781 | -€2,153 | -5.5% |
| Amounts payable | 17/49 | €838,002 | €789,914 | -€48,088 | -5.7% |
| Amounts payable after more than one year | 17 | €700,509 | €639,441 | -€61,068 | -8.7% |
| Financial debts | 170/4 | €700,509 | €639,441 | -€61,068 | -8.7% |
| Amounts payable within one year | 42/48 | €111,036 | €123,025 | +€11,989 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €61,987 | €63,999 | +€2,012 | +3.2% |
| Trade debts | 44 | €3,759 | €7,418 | +€3,659 | +97.3% |
| Suppliers | 440/4 | €3,759 | €7,418 | +€3,659 | +97.3% |
| Taxes, remuneration and social security | 45 | €411 | €2,899 | +€2,488 | +605.4% |
| Taxes | 450/3 | €411 | €2,899 | +€2,488 | +605.4% |
| Other amounts payable | 47/48 | €44,879 | €48,708 | +€3,829 | +8.5% |
| Accrued charges and deferred income | 492/3 | €26,456 | €27,448 | +€992 | +3.7% |
| Remuneration, social security and pensions | 62 | €328 | €334 | +€7 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,668 | €86,405 | -€263 | -0.3% |
| Other operating charges | 640/8 | €7,254 | €9,870 | +€2,616 | +36.1% |
| Gross operating margin | 9900 | €142,069 | €124,362 | -€17,707 | -12.5% |
| Operating profit (loss) | 9901 | €47,819 | €27,753 | -€20,066 | -42.0% |
| Financial income | 75/76B | €216 | €544 | +€328 | +151.3% |
| Recurring financial income | 75 | €216 | €544 | +€328 | +151.3% |
| Financial charges | 65/66B | €37,442 | €35,310 | -€2,132 | -5.7% |
| Recurring financial charges | 65 | €37,442 | €35,310 | -€2,132 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €10,594 | -€7,013 | -€17,607 | |
| Transfer from deferred taxes | 780 | €2,153 | €2,153 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €3,807 | €320 | -€3,487 | -91.6% |
| Profit (loss) for the period | 9904 | €8,940 | -€5,180 | -€14,119 | |
| Transfer from tax-exempt reserves | 789 | €6,459 | €6,459 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €15,399 | €1,279 | -€14,119 | -91.7% |
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 12 October 2026 via checked.be.