HautRu: 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
HautRu
NACE 55.204, Guest rooms (bed and breakfast)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,059
2024 · €11,743+€3,315
Equity
€93,429
2024 · €78,370+€15,059
Cash
€3,952
2024 · €4,304-€352
Balance sheet total
€625,958
2024 · €686,075-€60,117
Largest movements
Assets
- Tangible fixed assets -€60,198
down €60,198 (-11.8%), from €509,006 to €448,808
of which Land and buildings: -€50,451
Equity and liabilities
- Trade debts -€39,947
down €39,947 (-68.7%), from €58,138 to €18,191
- Debts after one year -€37,468
down €37,468 (-8.4%), from €444,337 to €406,868
- Reserves +€15,059
up €15,059 (+31.7%), from €47,517 to €62,576
of which Distributable reserves: +€15,059
Income statement
- Staff costs -€23,054
down €23,054 (-8.4%), from €275,179 to €252,125
- Gross operating margin -€12,935
down €12,935 (-3.4%), from €383,877 to €370,942
- Financial charges +€5,582
up €5,582 (+24.2%), from €23,032 to €28,614
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
€11,743
Gross operating margin
-€12,935
Staff costs
+€23,054
Depreciation
-€1,109
Other operating charges
-€127
Financial income
-€563
Financial charges
-€5,582
Taxes
+€578
Result 2025
€15,059
raises the resultlowers 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
+€46,408
Investment
-€7,971
Financing
-€38,789
Cash 2024
€4,304
From operations (derived)
+€46,408
Net result for the year
+€15,059
Depreciation
+€68,169
Stocks and contracts
+€2,400
Receivables within one year
-€3,959
Deferred charges and accrued income
+€1,126
Trade debts
-€39,947
Tax, wage and social debts
+€3,568
Advances received
-€1,925
Other debts
+€1,917
Investment (derived)
-€7,971
Investment in fixed assets (net)
-€7,971
Financing
-€38,789
Debts after one year
-€37,468
Current portion of long-term debt
-€2,058
Short-term financial debts
+€737
Cash 2025
€3,952
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,075 | €625,958 | -€60,117 | -8.8% |
| Fixed assets | 21/28 | €509,006 | €448,808 | -€60,198 | -11.8% |
| Tangible fixed assets | 22/27 | €509,006 | €448,808 | -€60,198 | -11.8% |
| Land and buildings | 22 | €431,048 | €380,596 | -€50,451 | -11.7% |
| Plant, machinery and equipment | 23 | €9,494 | €9,347 | -€147 | -1.6% |
| Furniture and vehicles | 24 | €5,191 | €3,515 | -€1,676 | -32.3% |
| Other tangible fixed assets | 26 | €63,273 | €55,350 | -€7,923 | -12.5% |
| Current assets | 29/58 | €177,070 | €177,150 | +€81 | 0.0% |
| Stocks and contracts in progress | 3 | €36,576 | €34,176 | -€2,400 | -6.6% |
| Stocks | 30/36 | €36,576 | €34,176 | -€2,400 | -6.6% |
| Amounts receivable within one year | 40/41 | €91,612 | €95,570 | +€3,959 | +4.3% |
| Trade receivables | 40 | €13,036 | €9,295 | -€3,741 | -28.7% |
| Other amounts receivable | 41 | €78,576 | €86,275 | +€7,699 | +9.8% |
| Current investments | 50/53 | €26,503 | €26,503 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,304 | €3,952 | -€352 | -8.2% |
| Deferred charges and accrued income | 490/1 | €18,075 | €16,950 | -€1,126 | -6.2% |
| Total equity and liabilities | 10/49 | €686,075 | €625,958 | -€60,117 | -8.8% |
| Equity | 10/15 | €78,370 | €93,429 | +€15,059 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,517 | €62,576 | +€15,059 | +31.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €47,517 | €62,576 | +€15,059 | +31.7% |
| Profit (loss) carried forward | 14 | €12,253 | €12,253 | = | 0.0% |
| Amounts payable | 17/49 | €607,705 | €532,529 | -€75,176 | -12.4% |
| Amounts payable after more than one year | 17 | €444,337 | €406,868 | -€37,468 | -8.4% |
| Financial debts | 170/4 | €444,337 | €406,868 | -€37,468 | -8.4% |
| Amounts payable within one year | 42/48 | €163,368 | €125,661 | -€37,708 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €60,176 | €58,118 | -€2,058 | -3.4% |
| Financial debts | 43 | - | €737 | +€737 | |
| Credit institutions | 430/8 | - | €737 | +€737 | |
| Trade debts | 44 | €58,138 | €18,191 | -€39,947 | -68.7% |
| Suppliers | 440/4 | €58,138 | €18,191 | -€39,947 | -68.7% |
| Advances received on contracts in progress | 46 | €8,485 | €6,560 | -€1,925 | -22.7% |
| Taxes, remuneration and social security | 45 | €31,980 | €35,548 | +€3,568 | +11.2% |
| Taxes | 450/3 | €16,524 | €14,312 | -€2,212 | -13.4% |
| Remuneration and social security | 454/9 | €15,456 | €21,236 | +€5,780 | +37.4% |
| Other amounts payable | 47/48 | €4,589 | €6,506 | +€1,917 | +41.8% |
| Non-recurring operating income | 76A | - | €14,706 | +€14,706 | |
| Remuneration, social security and pensions | 62 | €275,179 | €252,125 | -€23,054 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,060 | €68,169 | +€1,109 | +1.7% |
| Other operating charges | 640/8 | €5,492 | €5,619 | +€127 | +2.3% |
| Gross operating margin | 9900 | €383,877 | €370,942 | -€12,935 | -3.4% |
| Operating profit (loss) | 9901 | €36,146 | €45,029 | +€8,883 | +24.6% |
| Financial income | 75/76B | €563 | €0 | -€563 | -100% |
| Recurring financial income | 75 | €563 | €0 | -€563 | -100% |
| Financial charges | 65/66B | €23,032 | €28,614 | +€5,582 | +24.2% |
| Recurring financial charges | 65 | €23,032 | €28,614 | +€5,582 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €13,677 | €16,415 | +€2,738 | +20.0% |
| Income taxes | 67/77 | €1,933 | €1,356 | -€578 | -29.9% |
| Profit (loss) for the period | 9904 | €11,743 | €15,059 | +€3,315 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,743 | €15,059 | +€3,315 | +28.2% |
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 17 October 2026 via checked.be.