FLANDERS HOTEL: 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 HOTEL
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€194,170
2024 · €365,446-€171,276
Equity
€1.2m
2024 · €1.1m+€90,370
Cash
€706,132
2024 · €706,069+€64
Balance sheet total
€1.8m
2024 · €1.7m+€38,875
Largest movements
Assets
- Receivables within one year +€80,478
up €80,478 (+123%), from €65,370 to €145,847
of which Other amounts receivable: +€62,782
- Tangible fixed assets -€47,408
down €47,408 (-5.1%), from €922,814 to €875,405
of which Land and buildings: -€76,309
Equity and liabilities
- Profit (loss) carried forward +€90,370
up €90,370 (+14,075%), from €642 to €91,012
- Other debts +€84,283
up €84,283 (+79.0%), from €106,714 to €190,997
- Trade debts -€46,042
down €46,042 (-22.0%), from €209,021 to €162,979
- Debts after one year -€36,537
down €36,537 (-51.9%), from €70,385 to €33,848
- Current portion of long-term debt -€21,612
down €21,612 (-37.2%), from €58,149 to €36,537
Income statement
- Gross operating margin -€305,031
down €305,031 (-23.3%), from €1.3m to €1.0m
- Taxes -€139,849
down €139,849 (-80.7%), from €173,305 to €33,456
- Staff costs +€21,803
up €21,803 (+3.9%), from €559,224 to €581,026
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
€365,446
Gross operating margin
-€305,031
Staff costs
-€21,803
Depreciation
+€3,905
Write-downs
+€5,791
Other operating charges
+€2,411
Other operating items
+€1,019
Financial income
-€2,712
Financial charges
+€5,295
Taxes
+€139,849
Result 2025
€194,170
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
+€230,881
Investment
-€48,548
Financing
-€182,269
Cash 2024
€706,069
From operations (derived)
+€230,881
Net result for the year
+€194,170
Depreciation
+€96,479
Receivables within one year
-€80,478
Deferred charges and accrued income
-€6,264
Trade debts
-€46,042
Tax, wage and social debts
+€7,322
Advances received
-€15,699
Other debts
+€84,283
Accrued charges and deferred income
-€2,889
Investment (derived)
-€48,548
Investment in fixed assets (net)
-€48,548
Financing
-€182,269
Debts after one year
-€36,537
Current portion of long-term debt
-€21,612
Short-term financial debts
-€20,321
Contributions, distributions and other
-€103,800
Cash 2025
€706,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,715,767 | €1,754,641 | +€38,875 | +2.3% |
| Fixed assets | 21/28 | €934,658 | €886,728 | -€47,931 | -5.1% |
| Intangible fixed assets | 21 | €845 | €322 | -€522 | -61.9% |
| Tangible fixed assets | 22/27 | €922,814 | €875,405 | -€47,408 | -5.1% |
| Land and buildings | 22 | €898,121 | €821,812 | -€76,309 | -8.5% |
| Plant, machinery and equipment | 23 | €15,122 | €15,517 | +€395 | +2.6% |
| Furniture and vehicles | 24 | €9,570 | €38,076 | +€28,506 | +298% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €781,108 | €867,914 | +€86,805 | +11.1% |
| Amounts receivable within one year | 40/41 | €65,370 | €145,847 | +€80,478 | +123% |
| Trade receivables | 40 | €57,258 | €74,954 | +€17,695 | +30.9% |
| Other amounts receivable | 41 | €8,111 | €70,894 | +€62,782 | +774% |
| Cash at bank and in hand | 54/58 | €706,069 | €706,132 | +€64 | 0.0% |
| Deferred charges and accrued income | 490/1 | €9,670 | €15,934 | +€6,264 | +64.8% |
| Total equity and liabilities | 10/49 | €1,715,767 | €1,754,641 | +€38,875 | +2.3% |
| Equity | 10/15 | €1,062,716 | €1,153,086 | +€90,370 | +8.5% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €690,234 | €690,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €596,800 | €596,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €642 | €91,012 | +€90,370 | +14,075% |
| Amounts payable | 17/49 | €653,050 | €601,555 | -€51,495 | -7.9% |
| Amounts payable after more than one year | 17 | €70,385 | €33,848 | -€36,537 | -51.9% |
| Financial debts | 170/4 | €70,385 | €33,848 | -€36,537 | -51.9% |
| Amounts payable within one year | 42/48 | €566,770 | €554,701 | -€12,069 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €58,149 | €36,537 | -€21,612 | -37.2% |
| Financial debts | 43 | €58,820 | €38,499 | -€20,321 | -34.5% |
| Credit institutions | 430/8 | €58,820 | €38,499 | -€20,321 | -34.5% |
| Trade debts | 44 | €209,021 | €162,979 | -€46,042 | -22.0% |
| Suppliers | 440/4 | €209,021 | €162,979 | -€46,042 | -22.0% |
| Advances received on contracts in progress | 46 | €21,262 | €5,563 | -€15,699 | -73.8% |
| Taxes, remuneration and social security | 45 | €112,804 | €120,126 | +€7,322 | +6.5% |
| Taxes | 450/3 | €43,182 | €49,795 | +€6,613 | +15.3% |
| Remuneration and social security | 454/9 | €69,622 | €70,331 | +€709 | +1.0% |
| Other amounts payable | 47/48 | €106,714 | €190,997 | +€84,283 | +79.0% |
| Accrued charges and deferred income | 492/3 | €15,895 | €13,006 | -€2,889 | -18.2% |
| Remuneration, social security and pensions | 62 | €559,224 | €581,026 | +€21,803 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,384 | €96,479 | -€3,905 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,791 | €0 | -€5,791 | -100% |
| Other operating charges | 640/8 | €73,316 | €70,905 | -€2,411 | -3.3% |
| Non-recurring operating charges | 66A | €1,479 | €460 | -€1,019 | -68.9% |
| Gross operating margin | 9900 | €1,311,482 | €1,006,452 | -€305,031 | -23.3% |
| Operating profit (loss) | 9901 | €571,289 | €257,581 | -€313,708 | -54.9% |
| Financial income | 75/76B | €6,831 | €4,118 | -€2,712 | -39.7% |
| Recurring financial income | 75 | €6,831 | €4,118 | -€2,712 | -39.7% |
| Financial charges | 65/66B | €39,368 | €34,074 | -€5,295 | -13.4% |
| Recurring financial charges | 65 | €39,368 | €34,074 | -€5,295 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €538,751 | €227,626 | -€311,126 | -57.7% |
| Income taxes | 67/77 | €173,305 | €33,456 | -€139,849 | -80.7% |
| Profit (loss) for the period | 9904 | €365,446 | €194,170 | -€171,276 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €365,446 | €194,170 | -€171,276 | -46.9% |
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 20 October 2026 via checked.be.