HOTEL EXCELSIOR: 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 EXCELSIOR
Largest movements
- Tangible fixed assets -€82,096
down €82,096 (-3.6%), from €2.3m to €2.2m
of which Land and buildings: -€77,118
- Trade debts -€145,380
down €145,380 (-84.7%), from €171,664 to €26,285
- Other debts +€86,456
up €86,456 (+303%), from €28,554 to €115,010
- Debts after one year -€57,066
down €57,066 (-8.2%), from €693,483 to €636,417
of which Other amounts payable: -€32,500
- Current portion of long-term debt +€52,471
up €52,471 (+38.4%), from €136,778 to €189,248
- Gross operating margin -€40,091
down €40,091 (-7.7%), from €522,122 to €482,032
- Staff costs -€18,218
down €18,218 (-6.0%), from €304,855 to €286,637
- Financial charges -€12,427
down €12,427 (-36.5%), from €34,027 to €21,600
- Other operating charges +€11,235
up €11,235 (+37.1%), from €30,278 to €41,513
- Depreciation +€7,134
up €7,134 (+4.7%), from €150,493 to €157,627
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 | €2,478,755 | €2,383,234 | -€95,522 | -3.9% |
| Fixed assets | 21/28 | €2,304,330 | €2,222,234 | -€82,096 | -3.6% |
| Tangible fixed assets | 22/27 | €2,304,330 | €2,222,234 | -€82,096 | -3.6% |
| Land and buildings | 22 | €2,243,918 | €2,166,800 | -€77,118 | -3.4% |
| Plant, machinery and equipment | 23 | €37,848 | €35,049 | -€2,799 | -7.4% |
| Furniture and vehicles | 24 | €22,564 | €20,385 | -€2,179 | -9.7% |
| Current assets | 29/58 | €174,425 | €160,999 | -€13,426 | -7.7% |
| Stocks and contracts in progress | 3 | €3,920 | €3,920 | = | 0.0% |
| Stocks | 30/36 | €3,920 | €3,920 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €137,350 | €118,730 | -€18,620 | -13.6% |
| Trade receivables | 40 | €11,650 | €40,608 | +€28,958 | +249% |
| Other amounts receivable | 41 | €125,701 | €78,122 | -€47,579 | -37.9% |
| Cash at bank and in hand | 54/58 | €14,264 | €14,383 | +€118 | +0.8% |
| Deferred charges and accrued income | 490/1 | €18,890 | €23,967 | +€5,076 | +26.9% |
| Total equity and liabilities | 10/49 | €2,478,755 | €2,383,234 | -€95,522 | -3.9% |
| Equity | 10/15 | €1,404,508 | €1,380,948 | -€23,559 | -1.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €897,500 | €897,500 | = | 0.0% |
| Reserves | 13 | €207,008 | €183,448 | -€23,559 | -11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €207,008 | €183,448 | -€23,559 | -11.4% |
| Amounts payable | 17/49 | €1,074,247 | €1,002,285 | -€71,962 | -6.7% |
| Amounts payable after more than one year | 17 | €693,483 | €636,417 | -€57,066 | -8.2% |
| Financial debts | 170/4 | €547,233 | €522,667 | -€24,566 | -4.5% |
| Other amounts payable | 178/9 | €146,250 | €113,750 | -€32,500 | -22.2% |
| Amounts payable within one year | 42/48 | €380,595 | €365,365 | -€15,231 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €136,778 | €189,248 | +€52,471 | +38.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €171,664 | €26,285 | -€145,380 | -84.7% |
| Suppliers | 440/4 | €171,664 | €26,285 | -€145,380 | -84.7% |
| Taxes, remuneration and social security | 45 | €43,599 | €34,822 | -€8,778 | -20.1% |
| Taxes | 450/3 | €7,714 | €1,004 | -€6,710 | -87.0% |
| Remuneration and social security | 454/9 | €35,885 | €33,817 | -€2,067 | -5.8% |
| Other amounts payable | 47/48 | €28,554 | €115,010 | +€86,456 | +303% |
| Accrued charges and deferred income | 492/3 | €169 | €504 | +€335 | +198% |
| Remuneration, social security and pensions | 62 | €304,855 | €286,637 | -€18,218 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,493 | €157,627 | +€7,134 | +4.7% |
| Other operating charges | 640/8 | €30,278 | €41,513 | +€11,235 | +37.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €522,122 | €482,032 | -€40,091 | -7.7% |
| Operating profit (loss) | 9901 | €36,496 | -€3,746 | -€40,242 | |
| Financial income | 75/76B | €1,652 | €1,786 | +€134 | +8.1% |
| Recurring financial income | 75 | €1,652 | €1,786 | +€134 | +8.1% |
| Financial charges | 65/66B | €34,027 | €21,600 | -€12,427 | -36.5% |
| Recurring financial charges | 65 | €34,027 | €21,600 | -€12,427 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €4,121 | -€23,559 | -€27,681 | |
| Income taxes | 67/77 | €146 | €0 | -€146 | -100% |
| Profit (loss) for the period | 9904 | €3,975 | -€23,559 | -€27,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | -€23,559 | -€27,535 |
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 27 October 2026 via checked.be.