GROUP 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.
GROUP HOTEL
Largest movements
- Tangible fixed assets -€57,595
down €57,595 (-4.8%), from €1.2m to €1.1m
of which Land and buildings: -€48,144
- Cash -€37,101
down €37,101 (-87.6%), from €42,342 to €5,241
mainly Debts after one year (-€91,966) and Trade debts (-€58,874)
- Receivables within one year +€21,857
up €21,857 (+11.3%), from €193,029 to €214,886
- Debts after one year -€91,966
down €91,966 (-15.7%), from €586,278 to €494,312
of which Financial debts: -€320,022
- Profit (loss) carried forward +€67,583
up €67,583 (+17.0%), from €396,741 to €464,324
- Trade debts -€58,874
down €58,874 (-43.2%), from €136,402 to €77,528
- Tax, wage and social debts -€18,743
down €18,743 (-14.3%), from €130,947 to €112,204
of which Remuneration and social security: -€15,415
- Other debts +€15,000
new in 2025: €15,000
- Gross operating margin +€111,882
up €111,882 (+26.1%), from €428,781 to €540,663
- Staff costs +€54,558
up €54,558 (+20.9%), from €261,219 to €315,777
- Taxes +€24,462
up €24,462 (+626%), from €3,910 to €28,372
- Other operating charges -€15,518
down €15,518 (-39.1%), from €39,662 to €24,144
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,435,277 | €1,359,237 | -€76,039 | -5.3% |
| Fixed assets | 21/28 | €1,196,247 | €1,138,651 | -€57,595 | -4.8% |
| Tangible fixed assets | 22/27 | €1,192,075 | €1,134,480 | -€57,595 | -4.8% |
| Land and buildings | 22 | €1,076,507 | €1,028,363 | -€48,144 | -4.5% |
| Plant, machinery and equipment | 23 | €79,108 | €73,704 | -€5,405 | -6.8% |
| Furniture and vehicles | 24 | €36,460 | €32,413 | -€4,047 | -11.1% |
| Financial fixed assets | 28 | €4,171 | €4,171 | = | 0.0% |
| Current assets | 29/58 | €239,030 | €220,586 | -€18,444 | -7.7% |
| Amounts receivable within one year | 40/41 | €193,029 | €214,886 | +€21,857 | +11.3% |
| Other amounts receivable | 41 | €193,029 | €214,886 | +€21,857 | +11.3% |
| Cash at bank and in hand | 54/58 | €42,342 | €5,241 | -€37,101 | -87.6% |
| Deferred charges and accrued income | 490/1 | €3,659 | €459 | -€3,200 | -87.5% |
| Total equity and liabilities | 10/49 | €1,435,277 | €1,359,237 | -€76,039 | -5.3% |
| Equity | 10/15 | €467,741 | €535,324 | +€67,583 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €396,741 | €464,324 | +€67,583 | +17.0% |
| Amounts payable | 17/49 | €967,536 | €823,913 | -€143,623 | -14.8% |
| Amounts payable after more than one year | 17 | €586,278 | €494,312 | -€91,966 | -15.7% |
| Financial debts | 170/4 | €320,022 | - | -€320,022 | |
| Other amounts payable | 178/9 | €266,256 | €494,312 | +€228,056 | +85.7% |
| Amounts payable within one year | 42/48 | €381,258 | €329,601 | -€51,657 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €113,909 | €118,744 | +€4,835 | +4.2% |
| Financial debts | 43 | - | €6,124 | +€6,124 | |
| Credit institutions | 430/8 | - | €6,124 | +€6,124 | |
| Trade debts | 44 | €136,402 | €77,528 | -€58,874 | -43.2% |
| Suppliers | 440/4 | €136,402 | €77,528 | -€58,874 | -43.2% |
| Taxes, remuneration and social security | 45 | €130,947 | €112,204 | -€18,743 | -14.3% |
| Taxes | 450/3 | €53,141 | €49,814 | -€3,328 | -6.3% |
| Remuneration and social security | 454/9 | €77,806 | €62,390 | -€15,415 | -19.8% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | €8,986 | €7,915 | -€1,071 | -11.9% |
| Remuneration, social security and pensions | 62 | €261,219 | €315,777 | +€54,558 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,819 | €69,933 | -€886 | -1.3% |
| Other operating charges | 640/8 | €39,662 | €24,144 | -€15,518 | -39.1% |
| Non-recurring operating charges | 66A | €14,681 | - | -€14,681 | |
| Gross operating margin | 9900 | €428,781 | €540,663 | +€111,882 | +26.1% |
| Operating profit (loss) | 9901 | €42,401 | €130,810 | +€88,409 | +209% |
| Financial income | 75/76B | €1 | €106 | +€106 | +17,052% |
| Recurring financial income | 75 | €1 | €106 | +€106 | +17,052% |
| Financial charges | 65/66B | €37,529 | €34,961 | -€2,569 | -6.8% |
| Recurring financial charges | 65 | €37,529 | €34,961 | -€2,569 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €4,873 | €95,956 | +€91,083 | +1,869% |
| Income taxes | 67/77 | €3,910 | €28,372 | +€24,462 | +626% |
| Profit (loss) for the period | 9904 | €962 | €67,583 | +€66,621 | +6,923% |
| Profit (loss) for the period to be appropriated | 9905 | €962 | €67,583 | +€66,621 | +6,923% |
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 21 October 2026 via checked.be.