Flanders Hospitality: 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
Flanders Hospitality
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€164,422
2024 · €220,197-€55,775
Equity
€3.7m
2024 · €3.5m+€164,422
Cash
€26,880
2024 · €2,720+€24,160
Balance sheet total
€26.5m
2024 · €27.3m-€750,070
Largest movements
Assets
- Tangible fixed assets -€672,127
down €672,127 (-3.6%), from €18.8m to €18.2m
Equity and liabilities
- Trade debts -€945,750
down €945,750 (-4.5%), from €21.1m to €20.1m
Income statement
- Other operating charges +€22,663
up €22,663 (+283%), from €8,018 to €30,681
- Gross operating margin -€19,180
down €19,180 (-2.7%), from €722,395 to €703,215
- Financial charges +€12,654
up €12,654 (+40.7%), from €31,079 to €43,733
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
€220,197
Gross operating margin
-€19,180
Depreciation
-€673
Other operating charges
-€22,663
Financial income
-€605
Financial charges
-€12,654
Result 2025
€164,422
lowers 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
+€24,160
Investment
€0
Financing
€0
Cash 2024
€2,720
From operations (derived)
+€24,160
Net result for the year
+€164,422
Depreciation
+€672,127
Receivables within one year
+€34,644
Deferred charges and accrued income
+€67,459
Provisions
-€23,742
Trade debts
-€945,750
Accrued charges and deferred income
+€55,000
Cash 2025
€26,880
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,257,441 | €26,507,371 | -€750,070 | -2.8% |
| Fixed assets | 21/28 | €18,839,746 | €18,167,618 | -€672,127 | -3.6% |
| Tangible fixed assets | 22/27 | €18,839,746 | €18,167,618 | -€672,127 | -3.6% |
| Land and buildings | 22 | €18,839,746 | €18,167,618 | -€672,127 | -3.6% |
| Current assets | 29/58 | €8,417,695 | €8,339,752 | -€77,943 | -0.9% |
| Amounts receivable within one year | 40/41 | €8,347,416 | €8,312,772 | -€34,644 | -0.4% |
| Trade receivables | 40 | - | €66,145 | +€66,145 | |
| Other amounts receivable | 41 | €8,347,416 | €8,246,627 | -€100,789 | -1.2% |
| Cash at bank and in hand | 54/58 | €2,720 | €26,880 | +€24,160 | +888% |
| Deferred charges and accrued income | 490/1 | €67,560 | €100 | -€67,459 | -99.9% |
| Total equity and liabilities | 10/49 | €27,257,441 | €26,507,371 | -€750,070 | -2.8% |
| Equity | 10/15 | €3,535,065 | €3,699,487 | +€164,422 | +4.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,473,565 | €3,637,987 | +€164,422 | +4.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,994,335 | €1,923,109 | -€71,226 | -3.6% |
| Distributable reserves | 133 | €1,473,080 | €1,708,728 | +€235,648 | +16.0% |
| Provisions and deferred taxes | 16 | €664,778 | €641,036 | -€23,742 | -3.6% |
| Deferred taxes | 168 | €664,778 | €641,036 | -€23,742 | -3.6% |
| Amounts payable | 17/49 | €23,057,598 | €22,166,848 | -€890,750 | -3.9% |
| Amounts payable after more than one year | 17 | €1,960,000 | €1,960,000 | = | 0.0% |
| Financial debts | 170/4 | €1,960,000 | €1,960,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,057,525 | €20,111,775 | -€945,750 | -4.5% |
| Trade debts | 44 | €21,057,525 | €20,111,775 | -€945,750 | -4.5% |
| Suppliers | 440/4 | €21,057,525 | €20,111,775 | -€945,750 | -4.5% |
| Accrued charges and deferred income | 492/3 | €40,073 | €95,073 | +€55,000 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €671,454 | €672,127 | +€673 | +0.1% |
| Other operating charges | 640/8 | €8,018 | €30,681 | +€22,663 | +283% |
| Gross operating margin | 9900 | €722,395 | €703,215 | -€19,180 | -2.7% |
| Operating profit (loss) | 9901 | €42,922 | €406 | -€42,516 | -99.1% |
| Financial income | 75/76B | €184,611 | €184,006 | -€605 | -0.3% |
| Recurring financial income | 75 | €184,611 | €184,006 | -€605 | -0.3% |
| Financial charges | 65/66B | €31,079 | €43,733 | +€12,654 | +40.7% |
| Recurring financial charges | 65 | €31,079 | €43,733 | +€12,654 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €196,455 | €140,680 | -€55,775 | -28.4% |
| Transfer from deferred taxes | 780 | €23,742 | €23,742 | = | 0.0% |
| Profit (loss) for the period | 9904 | €220,197 | €164,422 | -€55,775 | -25.3% |
| Transfer from tax-exempt reserves | 789 | €71,226 | €71,226 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €291,423 | €235,648 | -€55,775 | -19.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.