HOTEL SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-67.3%), from €2.2m to €727,445
of which Land and buildings: -€1.5m
- Cash +€90,415
up €90,415 (+30.2%), from €299,676 to €390,091
mainly Investment in fixed assets (net) (+€1.4m) and Net result for the year (+€179,431)
- Receivables within one year +€73,995
up €73,995 (+15.4%), from €479,842 to €553,837
of which Trade receivables: +€37,100
- Reserves -€1.3m
down €1.3m (-77.6%), from €1.6m to €364,140
of which Distributable reserves: -€1.3m
- Debts after one year -€166,073
down €166,073 (-55.7%), from €298,045 to €131,972
- Accrued charges and deferred income +€145,007
up €145,007 (+435%), from €33,325 to €178,332
- Current portion of long-term debt -€51,789
down €51,789 (-22.9%), from €226,317 to €174,528
- Depreciation -€95,641
down €95,641 (-44.1%), from €216,846 to €121,206
- Staff costs +€64,652
up €64,652 (+13.2%), from €488,852 to €553,504
- Gross operating margin +€45,261
up €45,261 (+4.4%), from €1.0m to €1.1m
- Taxes +€27,174
up €27,174 (+78.8%), from €34,468 to €61,642
- Financial charges -€13,909
down €13,909 (-18.9%), from €73,719 to €59,810
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 | €3,077,177 | €1,745,196 | -€1.3m | -43.3% |
| Fixed assets | 21/28 | €2,224,059 | €727,548 | -€1.5m | -67.3% |
| Tangible fixed assets | 22/27 | €2,224,059 | €727,445 | -€1.5m | -67.3% |
| Land and buildings | 22 | €2,015,684 | €562,136 | -€1.5m | -72.1% |
| Plant, machinery and equipment | 23 | €73,316 | €59,920 | -€13,395 | -18.3% |
| Furniture and vehicles | 24 | €135,060 | €105,389 | -€29,671 | -22.0% |
| Financial fixed assets | 28 | - | €102 | +€102 | |
| Current assets | 29/58 | €853,117 | €1,017,648 | +€164,531 | +19.3% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €479,842 | €553,837 | +€73,995 | +15.4% |
| Trade receivables | 40 | €4,741 | €41,841 | +€37,100 | +782% |
| Other amounts receivable | 41 | €475,101 | €511,997 | +€36,896 | +7.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €299,676 | €390,091 | +€90,415 | +30.2% |
| Deferred charges and accrued income | 490/1 | €66,599 | €66,720 | +€121 | +0.2% |
| Total equity and liabilities | 10/49 | €3,077,177 | €1,745,196 | -€1.3m | -43.3% |
| Equity | 10/15 | €1,707,478 | €434,047 | -€1.3m | -74.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,629,229 | €364,140 | -€1.3m | -77.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,029 | €17,940 | -€5,089 | -22.1% |
| Distributable reserves | 133 | €1,600,000 | €340,000 | -€1.3m | -78.8% |
| Profit (loss) carried forward | 14 | €16,249 | €7,906 | -€8,342 | -51.3% |
| Provisions and deferred taxes | 16 | €7,676 | €5,980 | -€1,696 | -22.1% |
| Deferred taxes | 168 | €7,676 | €5,980 | -€1,696 | -22.1% |
| Amounts payable | 17/49 | €1,362,022 | €1,305,169 | -€56,853 | -4.2% |
| Amounts payable after more than one year | 17 | €298,045 | €131,972 | -€166,073 | -55.7% |
| Financial debts | 170/4 | €298,045 | €131,972 | -€166,073 | -55.7% |
| Amounts payable within one year | 42/48 | €1,030,652 | €994,865 | -€35,787 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €226,317 | €174,528 | -€51,789 | -22.9% |
| Trade debts | 44 | €81,981 | €64,644 | -€17,337 | -21.1% |
| Suppliers | 440/4 | €81,981 | €64,644 | -€17,337 | -21.1% |
| Taxes, remuneration and social security | 45 | €73,037 | €80,174 | +€7,136 | +9.8% |
| Taxes | 450/3 | €23,734 | €22,130 | -€1,604 | -6.8% |
| Remuneration and social security | 454/9 | €49,304 | €58,044 | +€8,741 | +17.7% |
| Other amounts payable | 47/48 | €649,316 | €675,519 | +€26,203 | +4.0% |
| Accrued charges and deferred income | 492/3 | €33,325 | €178,332 | +€145,007 | +435% |
| Non-recurring operating income | 76A | €14,604 | €0 | -€14,604 | -100% |
| Remuneration, social security and pensions | 62 | €488,852 | €553,504 | +€64,652 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,846 | €121,206 | -€95,641 | -44.1% |
| Other operating charges | 640/8 | €108,125 | €116,749 | +€8,624 | +8.0% |
| Gross operating margin | 9900 | €1,025,955 | €1,071,216 | +€45,261 | +4.4% |
| Operating profit (loss) | 9901 | €212,131 | €279,757 | +€67,626 | +31.9% |
| Financial income | 75/76B | €15,327 | €27,107 | +€11,780 | +76.9% |
| Recurring financial income | 75 | €15,327 | €27,107 | +€11,780 | +76.9% |
| Financial charges | 65/66B | €73,719 | €59,810 | -€13,909 | -18.9% |
| Recurring financial charges | 65 | €73,719 | €59,810 | -€13,909 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €153,739 | €247,054 | +€93,315 | +60.7% |
| Transfer from deferred taxes | 780 | €1,696 | €1,696 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | - | €7,676 | +€7,676 | |
| Income taxes | 67/77 | €34,468 | €61,642 | +€27,174 | +78.8% |
| Profit (loss) for the period | 9904 | €120,967 | €179,431 | +€58,465 | +48.3% |
| Transfer from tax-exempt reserves | 789 | €5,089 | €5,089 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €18,471 | +€18,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €126,056 | €166,049 | +€39,994 | +31.7% |
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 15 October 2026 via checked.be.