HOTEL LA FORGE: 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 LA FORGE
Largest movements
- Tangible fixed assets -€35,536
down €35,536 (-23.8%), from €149,237 to €113,702
of which Land and buildings: -€35,271
- Receivables within one year +€18,269
up €18,269 (+3.4%), from €544,871 to €563,140
of which Other amounts receivable: +€18,305
- Other debts -€16,990
down €16,990 (-7.6%), from €223,141 to €206,151
- Trade debts +€15,964
up €15,964 (+64.1%), from €24,905 to €40,869
- Gross operating margin -€37,119
down €37,119 (-58.2%), from €63,816 to €26,697
- Depreciation -€15,829
down €15,829 (-29.4%), from €53,755 to €37,926
- Financial charges -€2,207
down €2,207 (-53.8%), from €4,105 to €1,899
- Other operating charges +€1,189
up €1,189 (+12.3%), from €9,665 to €10,855
- Financial income +€856
up €856 (+4.4%), from €19,365 to €20,222
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 | €742,768 | €729,513 | -€13,255 | -1.8% |
| Fixed assets | 21/28 | €149,237 | €113,702 | -€35,536 | -23.8% |
| Tangible fixed assets | 22/27 | €149,237 | €113,702 | -€35,536 | -23.8% |
| Land and buildings | 22 | €148,013 | €112,742 | -€35,271 | -23.8% |
| Furniture and vehicles | 24 | €1,224 | €960 | -€264 | -21.6% |
| Current assets | 29/58 | €593,531 | €615,811 | +€22,280 | +3.8% |
| Stocks and contracts in progress | 3 | €258 | €220 | -€38 | -14.6% |
| Stocks | 30/36 | €258 | €220 | -€38 | -14.6% |
| Amounts receivable within one year | 40/41 | €544,871 | €563,140 | +€18,269 | +3.4% |
| Trade receivables | 40 | €38,418 | €38,382 | -€36 | -0.1% |
| Other amounts receivable | 41 | €506,453 | €524,758 | +€18,305 | +3.6% |
| Cash at bank and in hand | 54/58 | €16,436 | €19,605 | +€3,170 | +19.3% |
| Deferred charges and accrued income | 490/1 | €31,967 | €32,846 | +€879 | +2.7% |
| Total equity and liabilities | 10/49 | €742,768 | €729,513 | -€13,255 | -1.8% |
| Equity | 10/15 | €478,500 | €474,740 | -€3,760 | -0.8% |
| Contributions | 10/11 | €552,800 | €552,800 | = | 0.0% |
| Capital | 10 | €552,800 | €552,800 | = | 0.0% |
| Issued capital | 100 | €552,800 | €552,800 | = | 0.0% |
| Reserves | 13 | €627 | €627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €627 | €627 | = | 0.0% |
| Legal reserve | 130 | €627 | €627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,927 | -€78,687 | -€3,760 | -5.0% |
| Amounts payable | 17/49 | €264,268 | €254,773 | -€9,495 | -3.6% |
| Amounts payable after more than one year | 17 | €6,485 | €2,627 | -€3,858 | -59.5% |
| Financial debts | 170/4 | €6,485 | €2,627 | -€3,858 | -59.5% |
| Amounts payable within one year | 42/48 | €256,048 | €250,878 | -€5,169 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €8,001 | €3,858 | -€4,144 | -51.8% |
| Trade debts | 44 | €24,905 | €40,869 | +€15,964 | +64.1% |
| Suppliers | 440/4 | €24,905 | €40,869 | +€15,964 | +64.1% |
| Other amounts payable | 47/48 | €223,141 | €206,151 | -€16,990 | -7.6% |
| Accrued charges and deferred income | 492/3 | €1,736 | €1,268 | -€468 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,755 | €37,926 | -€15,829 | -29.4% |
| Other operating charges | 640/8 | €9,665 | €10,855 | +€1,189 | +12.3% |
| Gross operating margin | 9900 | €63,816 | €26,697 | -€37,119 | -58.2% |
| Operating profit (loss) | 9901 | €396 | -€22,083 | -€22,479 | |
| Financial income | 75/76B | €19,365 | €20,222 | +€856 | +4.4% |
| Recurring financial income | 75 | €19,365 | €20,222 | +€856 | +4.4% |
| Financial charges | 65/66B | €4,105 | €1,899 | -€2,207 | -53.8% |
| Recurring financial charges | 65 | €4,105 | €1,899 | -€2,207 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €15,656 | -€3,760 | -€19,416 | |
| Profit (loss) for the period | 9904 | €15,656 | -€3,760 | -€19,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,656 | -€3,760 | -€19,416 |
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.