HOTEL AZALEA: 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
HOTEL AZALEA
NACE 55.100, Hotels and similar accommodation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€37,201
2023 · €32,801-€70,003
Equity
€1.5m
2023 · €1.6m-€37,104
Cash
€8,822
2023 · €30,206-€21,383
Balance sheet total
€3.0m
2023 · €3.0m-€74,154
Largest movements
Assets
- Tangible fixed assets -€61,743
down €61,743 (-3.6%), from €1.7m to €1.6m
of which Land and buildings: -€61,610
Equity and liabilities
- Current portion of long-term debt -€41,684
down €41,684 (-44.3%), from €94,107 to €52,423
Income statement
- Gross operating margin -€68,100
down €68,100 (-57.3%), from €118,923 to €50,822
- Taxes -€21,395
down €21,395 (-99.7%), from €21,469 to €74
- Financial charges +€10,986
up €10,986 (+71.7%), from €15,325 to €26,311
- Other operating charges +€7,004
up €7,004 (+140%), from €5,012 to €12,016
- Financial income -€5,308
down €5,308 (-96.9%), from €5,475 to €168
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.
Result 2023
€32,801
Gross operating margin
-€68,100
Other operating charges
-€7,004
Financial income
-€5,308
Financial charges
-€10,986
Taxes
+€21,395
Result 2024
-€37,201
raises the resultlowers the result
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.
From operations
+€1,697
Investment
-€98
Financing
-€22,982
Cash 2023
€30,206
From operations (derived)
+€1,697
Net result for the year
-€37,201
Depreciation
+€61,841
Receivables within one year
-€9,963
Deferred charges and accrued income
+€990
Provisions
-€12,051
Trade debts
+€15,181
Tax, wage and social debts
-€22,218
Other debts
+€5,117
Investment (derived)
-€98
Investment in fixed assets (net)
-€98
Financing
-€22,982
Current portion of long-term debt
-€41,684
Short-term financial debts
+€18,604
Contributions, distributions and other
+€98
Cash 2024
€8,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,024,298 | €2,950,144 | -€74,154 | -2.5% |
| Fixed assets | 21/28 | €1,712,379 | €1,650,636 | -€61,743 | -3.6% |
| Tangible fixed assets | 22/27 | €1,711,580 | €1,649,836 | -€61,743 | -3.6% |
| Land and buildings | 22 | €1,708,783 | €1,647,173 | -€61,610 | -3.6% |
| Plant, machinery and equipment | 23 | €2,797 | €2,664 | -€133 | -4.8% |
| Financial fixed assets | 28 | €799 | €799 | = | 0.0% |
| Current assets | 29/58 | €1,311,919 | €1,299,508 | -€12,411 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,280,723 | €1,290,686 | +€9,963 | +0.8% |
| Trade receivables | 40 | - | €958 | +€958 | |
| Other amounts receivable | 41 | €1,280,723 | €1,289,729 | +€9,005 | +0.7% |
| Cash at bank and in hand | 54/58 | €30,206 | €8,822 | -€21,383 | -70.8% |
| Deferred charges and accrued income | 490/1 | €990 | €0 | -€990 | -100% |
| Total equity and liabilities | 10/49 | €3,024,298 | €2,950,144 | -€74,154 | -2.5% |
| Equity | 10/15 | €1,568,325 | €1,531,221 | -€37,104 | -2.4% |
| Contributions | 10/11 | €535,698 | €535,698 | = | 0.0% |
| Capital | 10 | €535,698 | €535,698 | = | 0.0% |
| Issued capital | 100 | €535,698 | €535,698 | = | 0.0% |
| Reserves | 13 | €645,970 | €622,567 | -€23,403 | -3.6% |
| Non-distributable reserves | 130/1 | €39,077 | €39,077 | = | 0.0% |
| Legal reserve | 130 | €39,077 | €39,077 | = | 0.0% |
| Tax-exempt reserves | 132 | €554,361 | €530,958 | -€23,403 | -4.2% |
| Distributable reserves | 133 | €52,532 | €52,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,657 | €372,956 | -€13,701 | -3.5% |
| Provisions and deferred taxes | 16 | €285,453 | €273,402 | -€12,051 | -4.2% |
| Deferred taxes | 168 | €285,453 | €273,402 | -€12,051 | -4.2% |
| Amounts payable | 17/49 | €1,170,520 | €1,145,521 | -€25,000 | -2.1% |
| Amounts payable after more than one year | 17 | €982,701 | €982,701 | = | 0.0% |
| Financial debts | 170/4 | €982,701 | €982,701 | = | 0.0% |
| Amounts payable within one year | 42/48 | €187,819 | €162,820 | -€25,000 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €94,107 | €52,423 | -€41,684 | -44.3% |
| Financial debts | 43 | - | €18,604 | +€18,604 | |
| Credit institutions | 430/8 | - | €18,604 | +€18,604 | |
| Trade debts | 44 | €35,923 | €51,104 | +€15,181 | +42.3% |
| Suppliers | 440/4 | €35,923 | €51,104 | +€15,181 | +42.3% |
| Taxes, remuneration and social security | 45 | €57,789 | €35,571 | -€22,218 | -38.4% |
| Taxes | 450/3 | €57,789 | €35,571 | -€22,218 | -38.4% |
| Other amounts payable | 47/48 | - | €5,117 | +€5,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,841 | €61,841 | = | 0.0% |
| Other operating charges | 640/8 | €5,012 | €12,016 | +€7,004 | +140% |
| Gross operating margin | 9900 | €118,923 | €50,822 | -€68,100 | -57.3% |
| Operating profit (loss) | 9901 | €52,069 | -€23,035 | -€75,104 | |
| Financial income | 75/76B | €5,475 | €168 | -€5,308 | -96.9% |
| Recurring financial income | 75 | €5,475 | €168 | -€5,308 | -96.9% |
| Financial charges | 65/66B | €15,325 | €26,311 | +€10,986 | +71.7% |
| Recurring financial charges | 65 | €15,325 | €26,311 | +€10,986 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €42,220 | -€49,178 | -€91,398 | |
| Transfer from deferred taxes | 780 | €12,051 | €12,051 | = | 0.0% |
| Income taxes | 67/77 | €21,469 | €74 | -€21,395 | -99.7% |
| Profit (loss) for the period | 9904 | €32,801 | -€37,201 | -€70,003 | |
| Transfer from tax-exempt reserves | 789 | €23,403 | €23,403 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,205 | -€13,798 | -€70,003 |
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 20 October 2026 via checked.be.