HOTEL PROJECT: 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 PROJECT
Largest movements
- Receivables within one year +€108,505
up €108,505 (+218%), from €49,809 to €158,314
of which Trade receivables: +€55,676
- Advances received +€68,724
new in 2024: €68,724
- Trade debts +€23,439
up €23,439 (+106%), from €22,126 to €45,565
- Reserves +€20,000
new in 2024: €20,000
- Tax, wage and social debts -€3,084
down €3,084 (-28.6%), from €10,772 to €7,688
- Turnover -€1.0m
no longer reported in 2024 (was €1.0m)
- Purchases and services -€997,239
no longer reported in 2024 (was €997,239)
- Write-downs +€60,595
new in 2024: €60,595
- Gross operating margin +€59,075
up €59,075 (+150%), from €39,422 to €98,497
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,631 | €166,733 | +€109,102 | +189% |
| Fixed assets | 21/28 | €1,401 | €467 | -€934 | -66.7% |
| Tangible fixed assets | 22/27 | €1,401 | €467 | -€934 | -66.7% |
| Plant, machinery and equipment | 23 | €425 | €144 | -€281 | -66.1% |
| Furniture and vehicles | 24 | €976 | €322 | -€654 | -67.0% |
| Current assets | 29/58 | €56,230 | €166,267 | +€110,037 | +196% |
| Amounts receivable within one year | 40/41 | €49,809 | €158,314 | +€108,505 | +218% |
| Trade receivables | 40 | €13,665 | €69,341 | +€55,676 | +407% |
| Other amounts receivable | 41 | €36,144 | €88,973 | +€52,829 | +146% |
| Cash at bank and in hand | 54/58 | €6,421 | €7,953 | +€1,532 | +23.9% |
| Total equity and liabilities | 10/49 | €57,631 | €166,733 | +€109,102 | +189% |
| Equity | 10/15 | €24,733 | €44,756 | +€20,023 | +81.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €24,733 | €24,756 | +€23 | +0.1% |
| Amounts payable | 17/49 | €32,898 | €121,978 | +€89,080 | +271% |
| Amounts payable within one year | 42/48 | €32,898 | €121,978 | +€89,080 | +271% |
| Trade debts | 44 | €22,126 | €45,565 | +€23,439 | +106% |
| Suppliers | 440/4 | €22,126 | €45,565 | +€23,439 | +106% |
| Advances received on contracts in progress | 46 | - | €68,724 | +€68,724 | |
| Taxes, remuneration and social security | 45 | €10,772 | €7,688 | -€3,084 | -28.6% |
| Taxes | 450/3 | €10,772 | €7,688 | -€3,084 | -28.6% |
| Turnover | 70 | €1,035,457 | - | -€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €997,239 | - | -€997,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €935 | -€469 | -33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,595 | +€60,595 | |
| Other operating charges | 640/8 | €6,591 | €500 | -€6,091 | -92.4% |
| Gross operating margin | 9900 | €39,422 | €98,497 | +€59,075 | +150% |
| Operating profit (loss) | 9901 | €31,428 | €36,467 | +€5,039 | +16.0% |
| Financial income | 75/76B | €6 | €1 | -€5 | -79.0% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -79.0% |
| Financial charges | 65/66B | €161 | €8,758 | +€8,597 | +5,340% |
| Recurring financial charges | 65 | €161 | €8,758 | +€8,597 | +5,340% |
| Profit (loss) for the period before taxes | 9903 | €31,273 | €27,711 | -€3,562 | -11.4% |
| Income taxes | 67/77 | €6,540 | €7,688 | +€1,148 | +17.6% |
| Profit (loss) for the period | 9904 | €24,733 | €20,023 | -€4,710 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,733 | €20,023 | -€4,710 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.