HEYZEL 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.
HEYZEL HOTEL
Largest movements
- Tangible fixed assets +€74,294
up €74,294 (+8.1%), from €915,098 to €989,392
of which Plant, machinery and equipment: +€154,531
- Cash -€49,857
no longer reported in 2024 (was €49,857)
mainly Investment in fixed assets (net) (-€185,996) and Net result for the year (-€72,582)
- Receivables after one year +€12,100
new in 2024: €12,100
- Profit (loss) carried forward -€72,582
down €72,582 (-16.1%), from €450,041 to €377,460
- Debts after one year +€37,817
up €37,817 (+30.0%), from €126,184 to €164,001
- Tax, wage and social debts +€32,197
up €32,197 (+121%), from €26,615 to €58,813
of which Remuneration and social security: +€29,762
- Current portion of long-term debt +€23,096
up €23,096 (+46.2%), from €49,995 to €73,091
- Trade debts +€12,327
up €12,327 (+15.4%), from €80,053 to €92,381
- Gross operating margin -€201,090
down €201,090 (-27.6%), from €728,606 to €527,516
- Staff costs -€32,152
down €32,152 (-7.0%), from €461,248 to €429,096
- Taxes -€28,093
down €28,093, from €15,000 to -€13,093
- Depreciation +€13,133
up €13,133 (+13.3%), from €98,568 to €111,701
- Other operating charges -€8,903
down €8,903 (-12.2%), from €73,247 to €64,344
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,030,193 | €1,070,152 | +€39,959 | +3.9% |
| Fixed assets | 21/28 | €915,528 | €989,822 | +€74,294 | +8.1% |
| Tangible fixed assets | 22/27 | €915,098 | €989,392 | +€74,294 | +8.1% |
| Land and buildings | 22 | €786,757 | €724,304 | -€62,453 | -7.9% |
| Plant, machinery and equipment | 23 | €94,429 | €248,959 | +€154,531 | +164% |
| Furniture and vehicles | 24 | €30,001 | €12,218 | -€17,783 | -59.3% |
| Other tangible fixed assets | 26 | €3,911 | €3,911 | = | 0.0% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €114,665 | €80,329 | -€34,336 | -29.9% |
| Amounts receivable after more than one year | 29 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 291 | - | €12,100 | +€12,100 | |
| Stocks and contracts in progress | 3 | €1,517 | €1,517 | = | 0.0% |
| Stocks | 30/36 | €1,517 | €1,517 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,228 | €65,315 | +€2,087 | +3.3% |
| Trade receivables | 40 | €57,451 | €59,481 | +€2,029 | +3.5% |
| Other amounts receivable | 41 | €5,777 | €5,834 | +€57 | +1.0% |
| Cash at bank and in hand | 54/58 | €49,857 | - | -€49,857 | |
| Deferred charges and accrued income | 490/1 | €64 | €1,398 | +€1,334 | +2,100% |
| Total equity and liabilities | 10/49 | €1,030,193 | €1,070,152 | +€39,959 | +3.9% |
| Equity | 10/15 | €747,345 | €674,763 | -€72,582 | -9.7% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €115,733 | €115,733 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €98,380 | €98,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,041 | €377,460 | -€72,582 | -16.1% |
| Investment grants | 15 | €8,045 | €8,045 | = | 0.0% |
| Amounts payable | 17/49 | €282,848 | €395,389 | +€112,540 | +39.8% |
| Amounts payable after more than one year | 17 | €126,184 | €164,001 | +€37,817 | +30.0% |
| Financial debts | 170/4 | €126,184 | €164,001 | +€37,817 | +30.0% |
| Amounts payable within one year | 42/48 | €156,664 | €231,387 | +€74,723 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €49,995 | €73,091 | +€23,096 | +46.2% |
| Financial debts | 43 | - | €7,103 | +€7,103 | |
| Credit institutions | 430/8 | - | €7,103 | +€7,103 | |
| Trade debts | 44 | €80,053 | €92,381 | +€12,327 | +15.4% |
| Suppliers | 440/4 | €80,053 | €92,381 | +€12,327 | +15.4% |
| Taxes, remuneration and social security | 45 | €26,615 | €58,813 | +€32,197 | +121% |
| Taxes | 450/3 | - | €2,435 | +€2,435 | |
| Remuneration and social security | 454/9 | €26,615 | €56,377 | +€29,762 | +112% |
| Remuneration, social security and pensions | 62 | €461,248 | €429,096 | -€32,152 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,568 | €111,701 | +€13,133 | +13.3% |
| Other operating charges | 640/8 | €73,247 | €64,344 | -€8,903 | -12.2% |
| Non-recurring operating charges | 66A | - | €3,774 | +€3,774 | |
| Gross operating margin | 9900 | €728,606 | €527,516 | -€201,090 | -27.6% |
| Operating profit (loss) | 9901 | €95,544 | -€81,398 | -€176,942 | |
| Financial charges | 65/66B | €9,098 | €4,277 | -€4,821 | -53.0% |
| Recurring financial charges | 65 | €9,098 | €4,277 | -€4,821 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €86,446 | -€85,675 | -€172,121 | |
| Income taxes | 67/77 | €15,000 | -€13,093 | -€28,093 | |
| Profit (loss) for the period | 9904 | €71,446 | -€72,582 | -€144,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,446 | -€72,582 | -€144,028 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.