HÔTEL DE CLERCX: 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
HÔTEL DE CLERCX
NACE 47.690, Retail sale of other cultural and recreation goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€313,657
2024 · -€303,176-€10,481
Equity
€4.4m
2024 · €4.8m-€313,657
Cash
€25,066
2024 · €21,139+€3,927
Balance sheet total
€7.4m
2024 · €7.3m+€63,258
Largest movements
Assets
- Tangible fixed assets +€126,439
up €126,439 (+1.8%), from €7.0m to €7.2m
of which Assets under construction and advance payments: +€122,156
- Financial fixed assets -€91,466
no longer reported in 2025 (was €91,466)
Equity and liabilities
- Debts after one year +€447,201
new in 2025: €447,201
- Profit (loss) carried forward -€313,657
down €313,657 (-16.5%), from -€1.9m to -€2.2m
Income statement
- Turnover +€17,241
up €17,241 (+70.9%), from €24,317 to €41,558
- Purchases and services +€15,590
up €15,590 (+11.1%), from €140,053 to €155,642
- Gross operating margin -€10,439
down €10,439 (-12.4%), from -€84,447 to -€94,886
- Other operating charges +€6,618
up €6,618 (+12.7%), from €52,190 to €58,808
- Financial charges -€5,731
down €5,731 (-4.5%), from €127,446 to €121,715
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
-€303,176
Gross operating margin
-€10,439
Depreciation
-€2,796
Write-downs
+€3,650
Other operating charges
-€6,618
Financial income
-€8
Financial charges
+€5,731
Result 2025
-€313,657
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
-€303,071
Investment
-€76,870
Financing
+€383,867
Cash 2024
€21,139
From operations (derived)
-€303,071
Net result for the year
-€313,657
Depreciation
+€41,897
Receivables within one year
-€21,529
Deferred charges and accrued income
-€2,829
Trade debts
+€20,408
Tax, wage and social debts
-€7,274
Other debts
-€44,002
Accrued charges and deferred income
+€23,914
Investment (derived)
-€76,870
Investment in fixed assets (net)
-€76,870
Financing
+€383,867
Debts after one year
+€447,201
Short-term financial debts
-€63,333
Cash 2025
€25,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,332,234 | €7,395,492 | +€63,258 | +0.9% |
| Fixed assets | 21/28 | €7,137,972 | €7,172,945 | +€34,973 | +0.5% |
| Tangible fixed assets | 22/27 | €7,046,506 | €7,172,945 | +€126,439 | +1.8% |
| Land and buildings | 22 | €398,725 | €407,213 | +€8,488 | +2.1% |
| Plant, machinery and equipment | 23 | €4,586 | €2,541 | -€2,045 | -44.6% |
| Furniture and vehicles | 24 | €6,021 | €3,861 | -€2,160 | -35.9% |
| Other tangible fixed assets | 26 | €21,771 | €21,771 | = | 0.0% |
| Assets under construction and advance payments | 27 | €6,615,403 | €6,737,559 | +€122,156 | +1.8% |
| Financial fixed assets | 28 | €91,466 | - | -€91,466 | |
| Current assets | 29/58 | €194,263 | €222,547 | +€28,285 | +14.6% |
| Stocks and contracts in progress | 3 | €112,321 | €112,321 | = | 0.0% |
| Stocks | 30/36 | €112,321 | €112,321 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,846 | €68,375 | +€21,529 | +46.0% |
| Trade receivables | 40 | €4,765 | €12,671 | +€7,906 | +166% |
| Other amounts receivable | 41 | €42,081 | €55,704 | +€13,623 | +32.4% |
| Cash at bank and in hand | 54/58 | €21,139 | €25,066 | +€3,927 | +18.6% |
| Deferred charges and accrued income | 490/1 | €13,957 | €16,785 | +€2,829 | +20.3% |
| Total equity and liabilities | 10/49 | €7,332,234 | €7,395,492 | +€63,258 | +0.9% |
| Equity | 10/15 | €4,750,814 | €4,437,157 | -€313,657 | -6.6% |
| Contributions | 10/11 | €5,831,233 | €5,831,233 | = | 0.0% |
| Reserves | 13 | €3,123 | €3,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,123 | €3,123 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,123 | €3,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,905,044 | -€2,218,700 | -€313,657 | -16.5% |
| Investment grants | 15 | €821,501 | €821,501 | = | 0.0% |
| Amounts payable | 17/49 | €2,581,420 | €2,958,335 | +€376,915 | +14.6% |
| Amounts payable after more than one year | 17 | - | €447,201 | +€447,201 | |
| Other amounts payable | 178/9 | - | €447,201 | +€447,201 | |
| Amounts payable within one year | 42/48 | €2,581,420 | €2,487,220 | -€94,201 | -3.6% |
| Financial debts | 43 | €2,450,000 | €2,386,667 | -€63,333 | -2.6% |
| Credit institutions | 430/8 | €2,450,000 | €2,386,667 | -€63,333 | -2.6% |
| Trade debts | 44 | €37,736 | €58,145 | +€20,408 | +54.1% |
| Suppliers | 440/4 | €37,736 | €58,145 | +€20,408 | +54.1% |
| Taxes, remuneration and social security | 45 | €41,007 | €33,733 | -€7,274 | -17.7% |
| Taxes | 450/3 | €41,007 | €33,733 | -€7,274 | -17.7% |
| Other amounts payable | 47/48 | €52,677 | €8,675 | -€44,002 | -83.5% |
| Accrued charges and deferred income | 492/3 | - | €23,914 | +€23,914 | |
| Turnover | 70 | €24,317 | €41,558 | +€17,241 | +70.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,053 | €155,642 | +€15,590 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,100 | €41,897 | +€2,796 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,650 | -€3,650 | |
| Other operating charges | 640/8 | €52,190 | €58,808 | +€6,618 | +12.7% |
| Gross operating margin | 9900 | -€84,447 | -€94,886 | -€10,439 | -12.4% |
| Operating profit (loss) | 9901 | -€175,738 | -€191,941 | -€16,204 | -9.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €127,446 | €121,715 | -€5,731 | -4.5% |
| Recurring financial charges | 65 | €127,446 | €121,715 | -€5,731 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€303,176 | -€313,657 | -€10,481 | -3.5% |
| Profit (loss) for the period | 9904 | -€303,176 | -€313,657 | -€10,481 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€303,176 | -€313,657 | -€10,481 | -3.5% |
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 31 October 2026 via checked.be.