HOTEL MAXIM: what changed
What changed
HOTEL MAXIM
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€6,503
2024 · €5,426-€11,930
Equity
€52,914
2024 · €59,417-€6,503
Cash
€23
2024 · €6+€17
Balance sheet total
€513,824
2024 · €533,704-€19,880
Largest movements
Assets
- Tangible fixed assets -€19,897
down €19,897 (-3.9%), from €506,388 to €486,490
of which Land and buildings: -€19,897
Equity and liabilities
- Debts after one year -€35,830
down €35,830 (-14.3%), from €249,873 to €214,044
- Other debts +€12,030
up €12,030 (+8.2%), from €147,566 to €159,596
- Trade debts +€11,377
up €11,377 (+29.9%), from €38,017 to €49,394
- Profit (loss) carried forward -€6,503
new in 2025: -€6,503
Income statement
- Gross operating margin -€17,984
down €17,984 (-34.0%), from €52,876 to €34,892
- Depreciation -€2,364
down €2,364 (-9.2%), from €25,694 to €23,329
- Taxes -€2,033
down €2,033 (-100%), from €2,033 to €0
- Financial charges -€1,891
down €1,891 (-15.3%), from €12,354 to €10,462
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.
Result 2024
€5,426
Gross operating margin
-€17,984
Depreciation
+€2,364
Other operating charges
-€231
Financial income
-€2
Financial charges
+€1,891
Taxes
+€2,033
Result 2025
-€6,503
raises the resultlowers the result
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.
From operations
+€39,277
Investment
-€3,432
Financing
-€35,828
Cash 2024
€6
From operations (derived)
+€39,277
Net result for the year
-€6,503
Depreciation
+€23,329
Smaller working-capital items
-€1
Trade debts
+€11,377
Tax, wage and social debts
-€955
Other debts
+€12,030
Investment (derived)
-€3,432
Investment in fixed assets (net)
-€3,432
Financing
-€35,828
Debts after one year
-€35,830
Current portion of long-term debt
+€410
Short-term financial debts
-€409
Cash 2025
€23
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,704 | €513,824 | -€19,880 | -3.7% |
| Fixed assets | 21/28 | €506,388 | €486,490 | -€19,897 | -3.9% |
| Tangible fixed assets | 22/27 | €506,388 | €486,490 | -€19,897 | -3.9% |
| Land and buildings | 22 | €505,463 | €485,566 | -€19,897 | -3.9% |
| Other tangible fixed assets | 26 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €27,317 | €27,334 | +€17 | +0.1% |
| Amounts receivable within one year | 40/41 | €26,967 | €26,951 | -€16 | -0.1% |
| Trade receivables | 40 | €25,482 | €25,474 | -€8 | 0.0% |
| Other amounts receivable | 41 | €1,485 | €1,478 | -€7 | -0.5% |
| Cash at bank and in hand | 54/58 | €6 | €23 | +€17 | +273% |
| Deferred charges and accrued income | 490/1 | €343 | €360 | +€16 | +4.7% |
| Total equity and liabilities | 10/49 | €533,704 | €513,824 | -€19,880 | -3.7% |
| Equity | 10/15 | €59,417 | €52,914 | -€6,503 | -10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €39,417 | €39,417 | = | 0.0% |
| Distributable reserves | 133 | €39,417 | €39,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,503 | -€6,503 | |
| Amounts payable | 17/49 | €474,287 | €460,911 | -€13,377 | -2.8% |
| Amounts payable after more than one year | 17 | €249,873 | €214,044 | -€35,830 | -14.3% |
| Financial debts | 170/4 | €249,873 | €214,044 | -€35,830 | -14.3% |
| Amounts payable within one year | 42/48 | €224,414 | €246,867 | +€22,453 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €35,419 | €35,830 | +€410 | +1.2% |
| Financial debts | 43 | €423 | €15 | -€409 | -96.5% |
| Credit institutions | 430/8 | €423 | €15 | -€409 | -96.5% |
| Trade debts | 44 | €38,017 | €49,394 | +€11,377 | +29.9% |
| Suppliers | 440/4 | €38,017 | €49,394 | +€11,377 | +29.9% |
| Taxes, remuneration and social security | 45 | €2,988 | €2,033 | -€955 | -32.0% |
| Taxes | 450/3 | €2,988 | €2,033 | -€955 | -32.0% |
| Other amounts payable | 47/48 | €147,566 | €159,596 | +€12,030 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,694 | €23,329 | -€2,364 | -9.2% |
| Other operating charges | 640/8 | €7,372 | €7,603 | +€231 | +3.1% |
| Gross operating margin | 9900 | €52,876 | €34,892 | -€17,984 | -34.0% |
| Operating profit (loss) | 9901 | €19,810 | €3,959 | -€15,852 | -80.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €12,354 | €10,462 | -€1,891 | -15.3% |
| Recurring financial charges | 65 | €12,354 | €10,462 | -€1,891 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €7,459 | -€6,503 | -€13,962 | |
| Income taxes | 67/77 | €2,033 | €0 | -€2,033 | -100% |
| Profit (loss) for the period | 9904 | €5,426 | -€6,503 | -€11,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,426 | -€6,503 | -€11,930 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.