HOTEL QUEEN ANNE: what changed
What changed
HOTEL QUEEN ANNE
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€305,255
2024 · -€178,496-€126,758
Equity
€1.5m
2024 · €1.9m-€308,435
Cash
€189,025
2024 · €42,891+€146,134
Balance sheet total
€6.2m
2024 · €5.7m+€470,538
Largest movements
Assets
- Intangible fixed assets +€154,759
up €154,759 (+265%), from €58,337 to €213,096
- Cash +€146,134
up €146,134 (+341%), from €42,891 to €189,025
mainly Other debts (+€580,799) and Trade debts (+€288,992)
- Tangible fixed assets +€109,010
up €109,010 (+2.0%), from €5.5m to €5.7m
of which Plant, machinery and equipment: +€211,959
Equity and liabilities
- Other debts +€580,799
up €580,799 (+117%), from €495,521 to €1.1m
- Profit (loss) carried forward -€305,255
down €305,255 (-7.9%), from -€3.9m to -€4.2m
- Trade debts +€288,992
up €288,992 (+409%), from €70,605 to €359,597
- Debts after one year -€249,367
down €249,367 (-9.4%), from €2.6m to €2.4m
- Accrued charges and deferred income +€93,091
up €93,091 (+26.6%), from €349,776 to €442,866
Income statement
- Staff costs +€88,313
up €88,313 (+125%), from €70,718 to €159,031
- Gross operating margin +€67,715
up €67,715 (+29.1%), from €232,489 to €300,203
- Depreciation +€50,485
up €50,485 (+30.9%), from €163,169 to €213,654
- Other operating charges +€38,310
up €38,310 (+86.7%), from €44,191 to €82,501
- Financial charges +€19,409
up €19,409 (+14.3%), from €136,087 to €155,496
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
-€178,496
Gross operating margin
+€67,715
Staff costs
-€88,313
Depreciation
-€50,485
Other operating charges
-€38,310
Financial income
+€2,045
Financial charges
-€19,409
Result 2025
-€305,255
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
+€864,796
Investment
-€477,424
Financing
-€241,238
Cash 2024
€42,891
From operations (derived)
+€864,796
Net result for the year
-€305,255
Depreciation
+€213,654
Receivables within one year
-€59,136
Deferred charges and accrued income
-€1,498
Trade debts
+€288,992
Tax, wage and social debts
+€23,486
Advances received
+€30,663
Other debts
+€580,799
Accrued charges and deferred income
+€93,091
Investment (derived)
-€477,424
Investment in fixed assets (net)
-€477,424
Financing
-€241,238
Debts after one year
-€249,367
Current portion of long-term debt
+€11,310
Contributions, distributions and other
-€3,180
Cash 2025
€189,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,687,143 | €6,157,680 | +€470,538 | +8.3% |
| Fixed assets | 21/28 | €5,599,580 | €5,863,350 | +€263,769 | +4.7% |
| Intangible fixed assets | 21 | €58,337 | €213,096 | +€154,759 | +265% |
| Tangible fixed assets | 22/27 | €5,541,243 | €5,650,253 | +€109,010 | +2.0% |
| Land and buildings | 22 | €5,088,286 | €4,981,960 | -€106,326 | -2.1% |
| Plant, machinery and equipment | 23 | €451,224 | €663,183 | +€211,959 | +47.0% |
| Furniture and vehicles | 24 | €1,733 | €5,110 | +€3,377 | +195% |
| Current assets | 29/58 | €87,562 | €294,330 | +€206,768 | +236% |
| Amounts receivable within one year | 40/41 | €42,681 | €101,817 | +€59,136 | +139% |
| Trade receivables | 40 | €26,586 | €76,397 | +€49,811 | +187% |
| Other amounts receivable | 41 | €16,095 | €25,420 | +€9,325 | +57.9% |
| Cash at bank and in hand | 54/58 | €42,891 | €189,025 | +€146,134 | +341% |
| Deferred charges and accrued income | 490/1 | €1,990 | €3,488 | +€1,498 | +75.3% |
| Total equity and liabilities | 10/49 | €5,687,143 | €6,157,680 | +€470,538 | +8.3% |
| Equity | 10/15 | €1,858,129 | €1,549,695 | -€308,435 | -16.6% |
| Contributions | 10/11 | €480,335 | €480,335 | = | 0.0% |
| Capital | 10 | €480,335 | €480,335 | = | 0.0% |
| Issued capital | 100 | €480,335 | €480,335 | = | 0.0% |
| Revaluation surpluses | 12 | €5,225,000 | €5,225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,850,386 | -€4,155,641 | -€305,255 | -7.9% |
| Investment grants | 15 | €3,180 | €0 | -€3,180 | -100% |
| Amounts payable | 17/49 | €3,829,014 | €4,607,986 | +€778,972 | +20.3% |
| Amounts payable after more than one year | 17 | €2,644,453 | €2,395,085 | -€249,367 | -9.4% |
| Financial debts | 170/4 | €2,644,453 | €2,395,085 | -€249,367 | -9.4% |
| Amounts payable within one year | 42/48 | €834,785 | €1,770,034 | +€935,249 | +112% |
| Current portion of amounts payable after more than one year | 42 | €233,058 | €244,367 | +€11,310 | +4.9% |
| Trade debts | 44 | €70,605 | €359,597 | +€288,992 | +409% |
| Suppliers | 440/4 | €70,605 | €359,597 | +€288,992 | +409% |
| Advances received on contracts in progress | 46 | €22,553 | €53,216 | +€30,663 | +136% |
| Taxes, remuneration and social security | 45 | €13,049 | €36,534 | +€23,486 | +180% |
| Taxes | 450/3 | €953 | €3,361 | +€2,408 | +253% |
| Remuneration and social security | 454/9 | €12,096 | €33,173 | +€21,078 | +174% |
| Other amounts payable | 47/48 | €495,521 | €1,076,320 | +€580,799 | +117% |
| Accrued charges and deferred income | 492/3 | €349,776 | €442,866 | +€93,091 | +26.6% |
| Remuneration, social security and pensions | 62 | €70,718 | €159,031 | +€88,313 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,169 | €213,654 | +€50,485 | +30.9% |
| Other operating charges | 640/8 | €44,191 | €82,501 | +€38,310 | +86.7% |
| Gross operating margin | 9900 | €232,489 | €300,203 | +€67,715 | +29.1% |
| Operating profit (loss) | 9901 | -€45,589 | -€154,983 | -€109,394 | -240% |
| Financial income | 75/76B | €3,180 | €5,225 | +€2,045 | +64.3% |
| Recurring financial income | 75 | €3,180 | €5,225 | +€2,045 | +64.3% |
| Financial charges | 65/66B | €136,087 | €155,496 | +€19,409 | +14.3% |
| Recurring financial charges | 65 | €136,087 | €155,496 | +€19,409 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€178,496 | -€305,255 | -€126,758 | -71.0% |
| Profit (loss) for the period | 9904 | -€178,496 | -€305,255 | -€126,758 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,496 | -€305,255 | -€126,758 | -71.0% |
Next steps
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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 6 November 2026 via checked.be.