HOTEL VORSEN: 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 VORSEN
Largest movements
- Tangible fixed assets -€36,524
down €36,524 (-5.7%), from €639,593 to €603,069
of which Land and buildings: -€36,334
- Profit (loss) carried forward -€40,092
down €40,092 (-19.7%), from -€203,213 to -€243,305
- Gross operating margin -€17,570
down €17,570, from €16,413 to -€1,157
- Depreciation +€248
up €248 (+0.7%), from €36,276 to €36,524
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 | €652,358 | €609,634 | -€42,724 | -6.5% |
| Fixed assets | 21/28 | €639,593 | €603,069 | -€36,524 | -5.7% |
| Tangible fixed assets | 22/27 | €639,593 | €603,069 | -€36,524 | -5.7% |
| Land and buildings | 22 | €639,403 | €603,069 | -€36,334 | -5.7% |
| Furniture and vehicles | 24 | €190 | - | -€190 | |
| Current assets | 29/58 | €12,765 | €6,565 | -€6,200 | -48.6% |
| Amounts receivable within one year | 40/41 | €10,541 | €5,654 | -€4,887 | -46.4% |
| Trade receivables | 40 | €6,887 | €298 | -€6,589 | -95.7% |
| Other amounts receivable | 41 | €3,654 | €5,356 | +€1,702 | +46.6% |
| Cash at bank and in hand | 54/58 | €2,224 | €911 | -€1,313 | -59.0% |
| Total equity and liabilities | 10/49 | €652,358 | €609,634 | -€42,724 | -6.5% |
| Equity | 10/15 | €646,787 | €606,695 | -€40,092 | -6.2% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,213 | -€243,305 | -€40,092 | -19.7% |
| Amounts payable | 17/49 | €5,572 | €2,940 | -€2,632 | -47.2% |
| Amounts payable within one year | 42/48 | €4,666 | €2,940 | -€1,726 | -37.0% |
| Trade debts | 44 | €3,860 | €2,885 | -€976 | -25.3% |
| Suppliers | 440/4 | €3,860 | €2,885 | -€976 | -25.3% |
| Taxes, remuneration and social security | 45 | €806 | €55 | -€751 | -93.2% |
| Taxes | 450/3 | €806 | €55 | -€751 | -93.2% |
| Accrued charges and deferred income | 492/3 | €906 | - | -€906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,276 | €36,524 | +€248 | +0.7% |
| Other operating charges | 640/8 | €2,239 | €2,299 | +€60 | +2.7% |
| Gross operating margin | 9900 | €16,413 | -€1,157 | -€17,570 | |
| Operating profit (loss) | 9901 | -€22,102 | -€39,980 | -€17,877 | -80.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €199 | €112 | -€87 | -43.7% |
| Recurring financial charges | 65 | €199 | €112 | -€87 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,301 | -€40,092 | -€17,790 | -79.8% |
| Profit (loss) for the period | 9904 | -€22,301 | -€40,092 | -€17,790 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,301 | -€40,092 | -€17,790 | -79.8% |
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 29 October 2026 via checked.be.