Hotel Development Opera: 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.
Hotel Development Opera
Largest movements
- Cash +€175,638
up €175,638 (+72.8%), from €241,271 to €416,909
mainly Depreciation (+€109,766) and Receivables within one year (+€48,887)
- Tangible fixed assets -€107,856
down €107,856 (-26.1%), from €413,284 to €305,428
of which Other tangible fixed assets: -€102,000
- Receivables within one year -€48,887
down €48,887 (-42.4%), from €115,328 to €66,441
of which Trade receivables: -€69,810
- Deferred charges and accrued income +€12,216
up €12,216 (+616.0%), from €1,983 to €14,199
- Tax, wage and social debts +€28,888
up €28,888 (+8.2%), from €351,454 to €380,342
of which Taxes: +€25,902
- Trade debts +€22,995
up €22,995 (+10.9%), from €211,499 to €234,494
- Profit (loss) carried forward +€19,799
up €19,799 (+28.1%), from -€70,485 to -€50,686
- Accrued charges and deferred income -€17,469
down €17,469 (-11.8%), from €147,519 to €130,050
- Other debts -€9,295
down €9,295 (-99.3%), from €9,364 to €69
- Turnover +€140,234
up €140,234 (+5.0%), from €2.8m to €2.9m
- Purchases and services +€129,675
up €129,675 (+7.5%), from €1.7m to €1.8m
- Gross operating margin +€82,891
up €82,891 (+6.6%), from €1.2m to €1.3m
- Staff costs +€64,419
up €64,419 (+7.1%), from €910,871 to €975,290
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.
Cash bridge derived
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 | €787,861 | €825,339 | +€37,478 | +4.8% |
| Fixed assets | 21/28 | €413,284 | €305,428 | -€107,856 | -26.1% |
| Tangible fixed assets | 22/27 | €413,284 | €305,428 | -€107,856 | -26.1% |
| Plant, machinery and equipment | 23 | €3,160 | €2,922 | -€238 | -7.5% |
| Leasing and similar rights | 25 | €27,624 | €22,006 | -€5,618 | -20.3% |
| Other tangible fixed assets | 26 | €382,500 | €280,500 | -€102,000 | -26.7% |
| Current assets | 29/58 | €374,577 | €519,911 | +€145,334 | +38.8% |
| Stocks and contracts in progress | 3 | €15,995 | €22,362 | +€6,367 | +39.8% |
| Stocks | 30/36 | €15,995 | €22,362 | +€6,367 | +39.8% |
| Amounts receivable within one year | 40/41 | €115,328 | €66,441 | -€48,887 | -42.4% |
| Trade receivables | 40 | €93,895 | €24,085 | -€69,810 | -74.3% |
| Other amounts receivable | 41 | €21,433 | €42,356 | +€20,923 | +97.6% |
| Cash at bank and in hand | 54/58 | €241,271 | €416,909 | +€175,638 | +72.8% |
| Deferred charges and accrued income | 490/1 | €1,983 | €14,199 | +€12,216 | +616.0% |
| Total equity and liabilities | 10/49 | €787,861 | €825,339 | +€37,478 | +4.8% |
| Equity | 10/15 | -€8,985 | €10,814 | +€19,799 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,485 | -€50,686 | +€19,799 | +28.1% |
| Amounts payable | 17/49 | €796,846 | €814,525 | +€17,679 | +2.2% |
| Amounts payable after more than one year | 17 | €22,377 | €16,924 | -€5,453 | -24.4% |
| Financial debts | 170/4 | €22,377 | €16,924 | -€5,453 | -24.4% |
| Amounts payable within one year | 42/48 | €626,950 | €667,551 | +€40,601 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €5,283 | €5,453 | +€170 | +3.2% |
| Trade debts | 44 | €211,499 | €234,494 | +€22,995 | +10.9% |
| Suppliers | 440/4 | €211,499 | €234,494 | +€22,995 | +10.9% |
| Advances received on contracts in progress | 46 | €49,350 | €47,193 | -€2,157 | -4.4% |
| Taxes, remuneration and social security | 45 | €351,454 | €380,342 | +€28,888 | +8.2% |
| Taxes | 450/3 | €218,402 | €244,304 | +€25,902 | +11.9% |
| Remuneration and social security | 454/9 | €133,052 | €136,038 | +€2,986 | +2.2% |
| Other amounts payable | 47/48 | €9,364 | €69 | -€9,295 | -99.3% |
| Accrued charges and deferred income | 492/3 | €147,519 | €130,050 | -€17,469 | -11.8% |
| Turnover | 70 | €2,787,086 | €2,927,320 | +€140,234 | +5.0% |
| Non-recurring operating income | 76A | €22,316 | - | -€22,316 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,720,308 | €1,849,983 | +€129,675 | +7.5% |
| Remuneration, social security and pensions | 62 | €910,871 | €975,290 | +€64,419 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,234 | €109,766 | +€5,532 | +5.3% |
| Other operating charges | 640/8 | €174,615 | €186,582 | +€11,967 | +6.9% |
| Gross operating margin | 9900 | €1,248,268 | €1,331,159 | +€82,891 | +6.6% |
| Operating profit (loss) | 9901 | €58,548 | €59,521 | +€973 | +1.7% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €1,677 | €22,575 | +€20,898 | +1246.2% |
| Recurring financial charges | 65 | €1,677 | €22,575 | +€20,898 | +1246.2% |
| Profit (loss) for the period before taxes | 9903 | €56,936 | €36,946 | -€19,990 | -35.1% |
| Income taxes | 67/77 | €2,889 | €17,147 | +€14,258 | +493.5% |
| Profit (loss) for the period | 9904 | €54,047 | €19,799 | -€34,248 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,047 | €19,799 | -€34,248 | -63.4% |
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 10 October 2026 via checked.be.