HasHotel: 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
HasHotel
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€72,540
2024 · €290,577-€218,037
Equity
€2.3m
2024 · €2.2m+€72,540
Cash
€232,245
2024 · €242,818-€10,573
Balance sheet total
€9.3m
2024 · €9.4m-€124,376
Largest movements
Assets
- Tangible fixed assets -€168,546
down €168,546 (-1.9%), from €8.9m to €8.7m
of which Land and buildings: -€112,121
Equity and liabilities
- Debts after one year -€106,336
down €106,336 (-1.9%), from €5.7m to €5.6m
of which Financial debts: -€106,336
Income statement
- Gross operating margin -€190,887
down €190,887 (-6.0%), from €3.2m to €3.0m
- Staff costs +€103,693
up €103,693 (+5.3%), from €1.9m to €2.0m
- Depreciation -€33,699
down €33,699 (-5.1%), from €659,484 to €625,786
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
€290,577
Gross operating margin
-€190,887
Staff costs
-€103,693
Depreciation
+€33,699
Write-downs
+€9,006
Other operating charges
+€1,223
Other operating items
+€21,443
Financial income
-€5,207
Financial charges
+€16,360
Taxes
+€20
Result 2025
€72,540
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
+€622,618
Investment
-€453,157
Financing
-€180,034
Cash 2024
€242,818
From operations (derived)
+€622,618
Net result for the year
+€72,540
Depreciation
+€625,786
Stocks and contracts
-€9,078
Receivables within one year
-€69,210
Deferred charges and accrued income
+€19,462
Trade debts
-€15,431
Tax, wage and social debts
-€28,418
Other debts
+€27,872
Accrued charges and deferred income
-€904
Investment (derived)
-€453,157
Investment in fixed assets (net)
-€453,157
Financing
-€180,034
Debts after one year
-€106,336
Current portion of long-term debt
-€73,698
Cash 2025
€232,245
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,402,275 | €9,277,899 | -€124,376 | -1.3% |
| Fixed assets | 21/28 | €8,896,148 | €8,723,519 | -€172,629 | -1.9% |
| Intangible fixed assets | 21 | €13,259 | €9,175 | -€4,083 | -30.8% |
| Tangible fixed assets | 22/27 | €8,882,889 | €8,714,344 | -€168,546 | -1.9% |
| Land and buildings | 22 | €8,311,979 | €8,199,858 | -€112,121 | -1.3% |
| Plant, machinery and equipment | 23 | €410,217 | €355,791 | -€54,426 | -13.3% |
| Furniture and vehicles | 24 | €160,693 | €158,695 | -€1,998 | -1.2% |
| Current assets | 29/58 | €506,127 | €554,380 | +€48,253 | +9.5% |
| Stocks and contracts in progress | 3 | €65,508 | €74,586 | +€9,078 | +13.9% |
| Stocks | 30/36 | €65,508 | €74,586 | +€9,078 | +13.9% |
| Amounts receivable within one year | 40/41 | €119,119 | €188,329 | +€69,210 | +58.1% |
| Trade receivables | 40 | €84,889 | €83,861 | -€1,028 | -1.2% |
| Other amounts receivable | 41 | €34,230 | €104,468 | +€70,238 | +205.2% |
| Cash at bank and in hand | 54/58 | €242,818 | €232,245 | -€10,573 | -4.4% |
| Deferred charges and accrued income | 490/1 | €78,682 | €59,220 | -€19,462 | -24.7% |
| Total equity and liabilities | 10/49 | €9,402,275 | €9,277,899 | -€124,376 | -1.3% |
| Equity | 10/15 | €2,245,600 | €2,318,140 | +€72,540 | +3.2% |
| Contributions | 10/11 | €2,090,020 | €2,090,020 | = | 0.0% |
| Capital | 10 | €2,090,020 | €2,090,020 | = | 0.0% |
| Issued capital | 100 | €2,090,020 | €2,090,020 | = | 0.0% |
| Revaluation surpluses | 12 | €12,788 | €12,788 | = | 0.0% |
| Reserves | 13 | €142,792 | €215,332 | +€72,540 | +50.8% |
| Non-distributable reserves | 130/1 | €142,792 | €209,002 | +€66,210 | +46.4% |
| Legal reserve | 130 | €142,792 | €209,002 | +€66,210 | +46.4% |
| Distributable reserves | 133 | - | €6,330 | +€6,330 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,156,676 | €6,959,759 | -€196,916 | -2.8% |
| Amounts payable after more than one year | 17 | €5,716,883 | €5,610,547 | -€106,336 | -1.9% |
| Financial debts | 170/4 | €4,153,244 | €4,046,908 | -€106,336 | -2.6% |
| Other amounts payable | 178/9 | €1,563,639 | €1,563,639 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,436,407 | €1,346,731 | -€89,676 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €641,438 | €567,739 | -€73,698 | -11.5% |
| Trade debts | 44 | €454,967 | €439,536 | -€15,431 | -3.4% |
| Suppliers | 440/4 | €454,967 | €439,536 | -€15,431 | -3.4% |
| Taxes, remuneration and social security | 45 | €313,272 | €284,854 | -€28,418 | -9.1% |
| Taxes | 450/3 | €51,630 | €13,830 | -€37,799 | -73.2% |
| Remuneration and social security | 454/9 | €261,643 | €271,024 | +€9,381 | +3.6% |
| Other amounts payable | 47/48 | €26,729 | €54,601 | +€27,872 | +104.3% |
| Accrued charges and deferred income | 492/3 | €3,386 | €2,482 | -€904 | -26.7% |
| Non-recurring operating income | 76A | €60,191 | €0 | -€60,191 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,946,103 | €2,049,796 | +€103,693 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659,484 | €625,786 | -€33,699 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,006 | €0 | -€9,006 | -100.0% |
| Other operating charges | 640/8 | €71,489 | €70,266 | -€1,223 | -1.7% |
| Non-recurring operating charges | 66A | €22,860 | €1,417 | -€21,443 | -93.8% |
| Gross operating margin | 9900 | €3,160,776 | €2,969,889 | -€190,887 | -6.0% |
| Operating profit (loss) | 9901 | €451,833 | €222,624 | -€229,209 | -50.7% |
| Financial income | 75/76B | €5,403 | €196 | -€5,207 | -96.4% |
| Recurring financial income | 75 | €5,403 | €196 | -€5,207 | -96.4% |
| Financial charges | 65/66B | €166,263 | €149,904 | -€16,360 | -9.8% |
| Recurring financial charges | 65 | €166,263 | €147,512 | -€18,752 | -11.3% |
| Non-recurring financial charges | 66B | €0 | €2,392 | +€2,392 | |
| Profit (loss) for the period before taxes | 9903 | €290,973 | €72,916 | -€218,057 | -74.9% |
| Income taxes | 67/77 | €396 | €376 | -€20 | -5.2% |
| Profit (loss) for the period | 9904 | €290,577 | €72,540 | -€218,037 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €290,577 | €72,540 | -€218,037 | -75.0% |
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.