Hotel Ve: what changed
Hotel Ve
Largest movements
- Cash +€231,245
up €231,245 (+73.7%), from €313,971 to €545,216
mainly Other debts (+€159,935) and Net result for the year (+€134,235)
- Intangible fixed assets +€207,103
new in 2025: €207,103
- Receivables within one year -€121,750
down €121,750 (-75.3%), from €161,630 to €39,880
of which Other amounts receivable: -€101,633
- Tangible fixed assets +€81,961
up €81,961 (+75.0%), from €109,268 to €191,229
of which Other tangible fixed assets: +€44,125
- Stocks and contracts +€12,220
new in 2025: €12,220
- Other debts +€159,935
up €159,935 (+344%), from €46,436 to €206,371
- Reserves +€123,507
up €123,507 (+66.9%), from €184,543 to €308,050
- Trade debts +€96,990
up €96,990 (+85.2%), from €113,845 to €210,835
- Tax, wage and social debts +€28,088
up €28,088 (+31.1%), from €90,220 to €118,308
of which Remuneration and social security: +€17,220
- Advances received +€27,592
up €27,592 (+47.2%), from €58,443 to €86,035
- Gross operating margin -€449,284
down €449,284 (-27.5%), from €1.6m to €1.2m
- Staff costs -€326,522
down €326,522 (-30.3%), from €1.1m to €751,550
- Depreciation +€50,997
up €50,997 (+449%), from €11,360 to €62,358
- Financial charges -€41,378
down €41,378 (-45.1%), from €91,718 to €50,340
- Taxes -€25,588
down €25,588 (-36.5%), from €70,184 to €44,597
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,475 | €1,036,919 | +€418,444 | +67.7% |
| Fixed assets | 21/28 | €139,268 | €428,333 | +€289,064 | +208% |
| Intangible fixed assets | 21 | - | €207,103 | +€207,103 | |
| Tangible fixed assets | 22/27 | €109,268 | €191,229 | +€81,961 | +75.0% |
| Plant, machinery and equipment | 23 | €62,982 | €100,818 | +€37,836 | +60.1% |
| Other tangible fixed assets | 26 | €46,286 | €90,411 | +€44,125 | +95.3% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €479,207 | €608,587 | +€129,380 | +27.0% |
| Stocks and contracts in progress | 3 | - | €12,220 | +€12,220 | |
| Stocks | 30/36 | - | €12,220 | +€12,220 | |
| Amounts receivable within one year | 40/41 | €161,630 | €39,880 | -€121,750 | -75.3% |
| Trade receivables | 40 | €34,593 | €14,476 | -€20,117 | -58.2% |
| Other amounts receivable | 41 | €127,037 | €25,404 | -€101,633 | -80.0% |
| Cash at bank and in hand | 54/58 | €313,971 | €545,216 | +€231,245 | +73.7% |
| Deferred charges and accrued income | 490/1 | €3,606 | €11,271 | +€7,665 | +213% |
| Total equity and liabilities | 10/49 | €618,475 | €1,036,919 | +€418,444 | +67.7% |
| Equity | 10/15 | €284,543 | €408,050 | +€123,507 | +43.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €184,543 | €308,050 | +€123,507 | +66.9% |
| Distributable reserves | 133 | €184,543 | €308,050 | +€123,507 | +66.9% |
| Amounts payable | 17/49 | €333,933 | €628,870 | +€294,937 | +88.3% |
| Amounts payable within one year | 42/48 | €308,944 | €621,549 | +€312,605 | +101% |
| Trade debts | 44 | €113,845 | €210,835 | +€96,990 | +85.2% |
| Suppliers | 440/4 | €113,845 | €210,835 | +€96,990 | +85.2% |
| Advances received on contracts in progress | 46 | €58,443 | €86,035 | +€27,592 | +47.2% |
| Taxes, remuneration and social security | 45 | €90,220 | €118,308 | +€28,088 | +31.1% |
| Taxes | 450/3 | €3,940 | €14,808 | +€10,868 | +276% |
| Remuneration and social security | 454/9 | €86,280 | €103,500 | +€17,220 | +20.0% |
| Other amounts payable | 47/48 | €46,436 | €206,371 | +€159,935 | +344% |
| Accrued charges and deferred income | 492/3 | €24,989 | €7,321 | -€17,668 | -70.7% |
| Remuneration, social security and pensions | 62 | €1,078,072 | €751,550 | -€326,522 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,360 | €62,358 | +€50,997 | +449% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,782 | - | -€9,782 | |
| Other operating charges | 640/8 | €156,048 | €144,617 | -€11,431 | -7.3% |
| Non-recurring operating charges | 66A | €11,082 | €480 | -€10,602 | -95.7% |
| Gross operating margin | 9900 | €1,635,775 | €1,186,492 | -€449,284 | -27.5% |
| Operating profit (loss) | 9901 | €369,431 | €227,487 | -€141,945 | -38.4% |
| Financial income | 75/76B | €297 | €1,684 | +€1,387 | +467% |
| Recurring financial income | 75 | €297 | €1,684 | +€1,387 | +467% |
| Financial charges | 65/66B | €91,718 | €50,340 | -€41,378 | -45.1% |
| Recurring financial charges | 65 | €91,718 | €50,340 | -€41,378 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €278,011 | €178,831 | -€99,179 | -35.7% |
| Income taxes | 67/77 | €70,184 | €44,597 | -€25,588 | -36.5% |
| Profit (loss) for the period | 9904 | €207,826 | €134,235 | -€73,592 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €207,826 | €134,235 | -€73,592 | -35.4% |
Next steps
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 7 November 2026 via checked.be.