HOTEL SOUTH: what changed
What changed
HOTEL SOUTH
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
€8,991
2024 · €6,258+€2,733
Equity
€238,928
2024 · €232,356+€6,571
Cash
€1,816
2024 · €1,938-€122
Balance sheet total
€395,623
2024 · €382,753+€12,870
Largest movements
Assets
- Receivables within one year +€5,565
up €5,565 (+10.4%), from €53,272 to €58,837
of which Other amounts receivable: +€7,923
- Deferred charges and accrued income +€4,506
up €4,506 (+199%), from €2,261 to €6,767
Equity and liabilities
- Other debts -€33,852
down €33,852 (-35.9%), from €94,370 to €60,518
- Debts after one year +€28,501
new in 2025: €28,501
- Profit (loss) carried forward +€8,991
up €8,991 (+8.5%), from -€106,211 to -€97,220
- Current portion of long-term debt +€6,499
new in 2025: €6,499
- Trade debts +€5,484
up €5,484 (+25.0%), from €21,960 to €27,444
Income statement
No income-statement line moved by more than 1% of the activity.
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
€6,258
Gross operating margin
+€913
Staff costs
+€855
Depreciation
-€489
Other operating charges
+€1,601
Financial income
-€1,100
Financial charges
+€953
Result 2025
€8,991
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
+€6,743
Investment
-€39,445
Financing
+€32,580
Cash 2024
€1,938
From operations (derived)
+€6,743
Net result for the year
+€8,991
Depreciation
+€36,274
Stocks and contracts
+€250
Receivables within one year
-€5,565
Deferred charges and accrued income
-€4,506
Trade debts
+€5,484
Tax, wage and social debts
+€4,483
Other debts
-€33,852
Accrued charges and deferred income
-€4,817
Investment (derived)
-€39,445
Investment in fixed assets (net)
-€39,445
Financing
+€32,580
Debts after one year
+€28,501
Current portion of long-term debt
+€6,499
Contributions, distributions and other
-€2,420
Cash 2025
€1,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,753 | €395,623 | +€12,870 | +3.4% |
| Fixed assets | 21/28 | €325,033 | €328,204 | +€3,171 | +1.0% |
| Tangible fixed assets | 22/27 | €325,003 | €328,204 | +€3,201 | +1.0% |
| Land and buildings | 22 | €294,235 | €270,061 | -€24,174 | -8.2% |
| Plant, machinery and equipment | 23 | €5,125 | €2,165 | -€2,960 | -57.8% |
| Furniture and vehicles | 24 | €24,436 | €53,944 | +€29,508 | +121% |
| Other tangible fixed assets | 26 | €1,207 | €2,034 | +€827 | +68.5% |
| Financial fixed assets | 28 | €30 | - | -€30 | |
| Current assets | 29/58 | €57,720 | €67,419 | +€9,699 | +16.8% |
| Stocks and contracts in progress | 3 | €250 | - | -€250 | |
| Stocks | 30/36 | €250 | - | -€250 | |
| Amounts receivable within one year | 40/41 | €53,272 | €58,837 | +€5,565 | +10.4% |
| Trade receivables | 40 | €9,221 | €6,863 | -€2,358 | -25.6% |
| Other amounts receivable | 41 | €44,050 | €51,974 | +€7,923 | +18.0% |
| Cash at bank and in hand | 54/58 | €1,938 | €1,816 | -€122 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,261 | €6,767 | +€4,506 | +199% |
| Total equity and liabilities | 10/49 | €382,753 | €395,623 | +€12,870 | +3.4% |
| Equity | 10/15 | €232,356 | €238,928 | +€6,571 | +2.8% |
| Contributions | 10/11 | €302,500 | €302,500 | = | 0.0% |
| Capital | 10 | €302,500 | €302,500 | = | 0.0% |
| Issued capital | 100 | €302,500 | €302,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,211 | -€97,220 | +€8,991 | +8.5% |
| Investment grants | 15 | €36,068 | €33,648 | -€2,420 | -6.7% |
| Amounts payable | 17/49 | €150,397 | €156,695 | +€6,299 | +4.2% |
| Amounts payable after more than one year | 17 | - | €28,501 | +€28,501 | |
| Financial debts | 170/4 | - | €28,501 | +€28,501 | |
| Amounts payable within one year | 42/48 | €145,193 | €127,808 | -€17,385 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,499 | +€6,499 | |
| Trade debts | 44 | €21,960 | €27,444 | +€5,484 | +25.0% |
| Suppliers | 440/4 | €21,960 | €27,444 | +€5,484 | +25.0% |
| Taxes, remuneration and social security | 45 | €28,863 | €33,346 | +€4,483 | +15.5% |
| Taxes | 450/3 | €595 | €2,384 | +€1,789 | +301% |
| Remuneration and social security | 454/9 | €28,268 | €30,962 | +€2,694 | +9.5% |
| Other amounts payable | 47/48 | €94,370 | €60,518 | -€33,852 | -35.9% |
| Accrued charges and deferred income | 492/3 | €5,203 | €387 | -€4,817 | -92.6% |
| Remuneration, social security and pensions | 62 | €220,447 | €219,592 | -€855 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,785 | €36,274 | +€489 | +1.4% |
| Other operating charges | 640/8 | €8,732 | €7,132 | -€1,601 | -18.3% |
| Gross operating margin | 9900 | €271,963 | €272,876 | +€913 | +0.3% |
| Operating profit (loss) | 9901 | €6,998 | €9,878 | +€2,880 | +41.1% |
| Financial income | 75/76B | €3,521 | €2,421 | -€1,100 | -31.2% |
| Recurring financial income | 75 | €3,521 | €2,421 | -€1,100 | -31.2% |
| Financial charges | 65/66B | €4,261 | €3,308 | -€953 | -22.4% |
| Recurring financial charges | 65 | €4,261 | €3,308 | -€953 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €6,258 | €8,991 | +€2,733 | +43.7% |
| Profit (loss) for the period | 9904 | €6,258 | €8,991 | +€2,733 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,258 | €8,991 | +€2,733 | +43.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.