HOTEL DES ETANGS: what changed
HOTEL DES ETANGS
Largest movements
- Tangible fixed assets +€137,932
up €137,932 (+27.9%), from €494,448 to €632,380
of which Furniture and vehicles: +€83,455
- Cash +€105,133
up €105,133 (+974%), from €10,790 to €115,923
mainly Net result for the year (+€186,742) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€17,342
down €17,342 (-43.2%), from €40,169 to €22,827
of which Trade receivables: -€34,655
- Reserves +€152,912
up €152,912, from €0 to €152,912
- Trade debts -€116,142
down €116,142 (-60.4%), from €192,236 to €76,094
- Debts after one year +€67,676
up €67,676, from €0 to €67,676
- Other debts -€49,310
down €49,310 (-99.3%), from €49,642 to €332
- Profit (loss) carried forward +€33,830
no longer reported in 2025 (was -€33,830)
- Gross operating margin +€386,967
up €386,967, from -€28,940 to €358,027
- Other operating charges +€32,552
up €32,552 (+8,404%), from €387 to €32,939
- Staff costs +€31,057
new in 2025: €31,057
- Depreciation +€28,955
up €28,955 (+47.7%), from €60,703 to €89,659
- Taxes +€22,431
new in 2025: €22,431
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,049 | €786,254 | +€128,206 | +19.5% |
| Formation expenses | 20 | €23 | - | -€23 | |
| Fixed assets | 21/28 | €506,895 | €643,027 | +€136,132 | +26.9% |
| Intangible fixed assets | 21 | €12,447 | €10,647 | -€1,800 | -14.5% |
| Tangible fixed assets | 22/27 | €494,448 | €632,380 | +€137,932 | +27.9% |
| Plant, machinery and equipment | 23 | €123,089 | €106,397 | -€16,692 | -13.6% |
| Furniture and vehicles | 24 | - | €83,455 | +€83,455 | |
| Other tangible fixed assets | 26 | €371,359 | €442,529 | +€71,170 | +19.2% |
| Current assets | 29/58 | €151,130 | €143,227 | -€7,903 | -5.2% |
| Amounts receivable within one year | 40/41 | €40,169 | €22,827 | -€17,342 | -43.2% |
| Trade receivables | 40 | €35,336 | €681 | -€34,655 | -98.1% |
| Other amounts receivable | 41 | €4,833 | €22,146 | +€17,314 | +358% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €10,790 | €115,923 | +€105,133 | +974% |
| Deferred charges and accrued income | 490/1 | €172 | €4,477 | +€4,305 | +2,502% |
| Total equity and liabilities | 10/49 | €658,049 | €786,254 | +€128,206 | +19.5% |
| Equity | 10/15 | €416,170 | €615,764 | +€199,593 | +48.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €0 | €152,912 | +€152,912 | |
| Distributable reserves | 133 | - | €152,912 | +€152,912 | |
| Profit (loss) carried forward | 14 | -€33,830 | - | +€33,830 | |
| Investment grants | 15 | - | €12,852 | +€12,852 | |
| Amounts payable | 17/49 | €241,878 | €170,491 | -€71,388 | -29.5% |
| Amounts payable after more than one year | 17 | €0 | €67,676 | +€67,676 | |
| Financial debts | 170/4 | €0 | €67,676 | +€67,676 | |
| Amounts payable within one year | 42/48 | €241,878 | €102,465 | -€139,413 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,324 | +€17,324 | |
| Trade debts | 44 | €192,236 | €76,094 | -€116,142 | -60.4% |
| Suppliers | 440/4 | €192,236 | €76,094 | -€116,142 | -60.4% |
| Taxes, remuneration and social security | 45 | €0 | €8,715 | +€8,715 | |
| Remuneration and social security | 454/9 | - | €8,715 | +€8,715 | |
| Other amounts payable | 47/48 | €49,642 | €332 | -€49,310 | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Remuneration, social security and pensions | 62 | - | €31,057 | +€31,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,703 | €89,659 | +€28,955 | +47.7% |
| Other operating charges | 640/8 | €387 | €32,939 | +€32,552 | +8,404% |
| Gross operating margin | 9900 | -€28,940 | €358,027 | +€386,967 | |
| Operating profit (loss) | 9901 | -€90,030 | €204,372 | +€294,402 | |
| Financial income | 75/76B | €3,602 | €6,728 | +€3,126 | +86.8% |
| Recurring financial income | 75 | €3,602 | €6,728 | +€3,126 | +86.8% |
| Financial charges | 65/66B | €124 | €1,927 | +€1,803 | +1,458% |
| Recurring financial charges | 65 | €124 | €1,927 | +€1,803 | +1,458% |
| Profit (loss) for the period before taxes | 9903 | -€86,552 | €209,173 | +€295,725 | |
| Income taxes | 67/77 | - | €22,431 | +€22,431 | |
| Profit (loss) for the period | 9904 | -€86,552 | €186,742 | +€273,294 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,552 | €186,742 | +€273,294 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.