Hôtel Cardinal: 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.
Hôtel Cardinal
Largest movements
- Current investments +€360,337
new in 2025: €360,337
- Cash -€285,330
no longer reported in 2025 (was €285,330)
mainly Current investments (-€360,337) and Net result for the year (-€33,393)
- Tangible fixed assets -€51,120
down €51,120 (-2.8%), from €1.8m to €1.7m
of which Land and buildings: -€50,741
- Receivables within one year -€38,934
down €38,934 (-90.4%), from €43,082 to €4,149
of which Other amounts receivable: -€39,556
- Profit (loss) carried forward -€33,393
down €33,393 (-36.4%), from -€91,737 to -€125,131
- Current portion of long-term debt +€28,202
up €28,202 (+282%), from €10,017 to €38,219
- Gross operating margin -€12,888
down €12,888 (-10.8%), from €119,445 to €106,556
- Staff costs +€2,473
up €2,473 (+3.3%), from €73,837 to €76,310
- Depreciation +€2,243
up €2,243 (+4.3%), from €52,631 to €54,873
- Financial charges +€1,233
up €1,233 (+261%), from €471 to €1,704
- Financial income +€1,232
up €1,232 (+29.1%), from €4,238 to €5,471
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 | €2,126,457 | €2,111,922 | -€14,535 | -0.7% |
| Fixed assets | 21/28 | €1,794,582 | €1,743,462 | -€51,120 | -2.8% |
| Tangible fixed assets | 22/27 | €1,794,582 | €1,743,462 | -€51,120 | -2.8% |
| Land and buildings | 22 | €1,791,243 | €1,740,501 | -€50,741 | -2.8% |
| Furniture and vehicles | 24 | €3,339 | €2,961 | -€379 | -11.3% |
| Current assets | 29/58 | €331,875 | €368,460 | +€36,585 | +11.0% |
| Amounts receivable within one year | 40/41 | €43,082 | €4,149 | -€38,934 | -90.4% |
| Trade receivables | 40 | - | €623 | +€623 | |
| Other amounts receivable | 41 | €43,082 | €3,526 | -€39,556 | -91.8% |
| Current investments | 50/53 | - | €360,337 | +€360,337 | |
| Cash at bank and in hand | 54/58 | €285,330 | - | -€285,330 | |
| Deferred charges and accrued income | 490/1 | €3,463 | €3,975 | +€512 | +14.8% |
| Total equity and liabilities | 10/49 | €2,126,457 | €2,111,922 | -€14,535 | -0.7% |
| Equity | 10/15 | €2,092,735 | €2,059,342 | -€33,393 | -1.6% |
| Contributions | 10/11 | €2,067,000 | €2,067,000 | = | 0.0% |
| Capital | 10 | €2,067,000 | €2,067,000 | = | 0.0% |
| Issued capital | 100 | €2,067,000 | €2,067,000 | = | 0.0% |
| Reserves | 13 | €117,472 | €117,472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,732 | €7,732 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,532 | €1,532 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,115 | €16,115 | = | 0.0% |
| Distributable reserves | 133 | €93,625 | €93,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,737 | -€125,131 | -€33,393 | -36.4% |
| Amounts payable | 17/49 | €33,722 | €52,580 | +€18,858 | +55.9% |
| Amounts payable within one year | 42/48 | €33,722 | €52,580 | +€18,858 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €10,017 | €38,219 | +€28,202 | +282% |
| Trade debts | 44 | €2,905 | €2,294 | -€610 | -21.0% |
| Suppliers | 440/4 | €2,905 | €2,294 | -€610 | -21.0% |
| Taxes, remuneration and social security | 45 | €17,331 | €12,067 | -€5,264 | -30.4% |
| Taxes | 450/3 | €4,971 | €1,099 | -€3,872 | -77.9% |
| Remuneration and social security | 454/9 | €12,360 | €10,967 | -€1,392 | -11.3% |
| Other amounts payable | 47/48 | €3,470 | €0 | -€3,470 | -100% |
| Remuneration, social security and pensions | 62 | €73,837 | €76,310 | +€2,473 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,631 | €54,873 | +€2,243 | +4.3% |
| Other operating charges | 640/8 | €12,168 | €12,533 | +€365 | +3.0% |
| Gross operating margin | 9900 | €119,445 | €106,556 | -€12,888 | -10.8% |
| Operating profit (loss) | 9901 | -€19,191 | -€37,160 | -€17,969 | -93.6% |
| Financial income | 75/76B | €4,238 | €5,471 | +€1,232 | +29.1% |
| Recurring financial income | 75 | €4,238 | €5,471 | +€1,232 | +29.1% |
| Financial charges | 65/66B | €471 | €1,704 | +€1,233 | +261% |
| Recurring financial charges | 65 | €471 | €1,704 | +€1,233 | +261% |
| Profit (loss) for the period before taxes | 9903 | -€15,424 | -€33,393 | -€17,970 | -117% |
| Profit (loss) for the period | 9904 | -€15,424 | -€33,393 | -€17,970 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,424 | -€33,393 | -€17,970 | -117% |
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 18 October 2026 via checked.be.