HOTELAND: 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.
HOTELAND
Largest movements
- Tangible fixed assets +€24,894
new in 2026: €24,894
- Cash -€9,869
down €9,869 (-69.2%), from €14,260 to €4,391
mainly Investment in fixed assets (net) (-€25,189) and Net result for the year (-€8,274)
- Other debts +€22,779
up €22,779 (+24.9%), from €91,609 to €114,388
- Profit (loss) carried forward -€8,274
down €8,274 (-6.8%), from -€122,167 to -€130,441
- Trade debts +€708
new in 2026: €708
- Tax, wage and social debts -€621
no longer reported in 2026 (was €621)
- Gross operating margin -€6,202
down €6,202, from €1,908 to -€4,294
- Depreciation +€295
new in 2026: €295
- Other operating charges -€152
down €152 (-20.6%), from €738 to €586
- Financial charges +€115
up €115 (+3.9%), from €2,984 to €3,099
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,623 | €53,215 | +€14,593 | +37.8% |
| Fixed assets | 21/28 | - | €24,894 | +€24,894 | |
| Tangible fixed assets | 22/27 | - | €24,894 | +€24,894 | |
| Plant, machinery and equipment | 23 | - | €24,894 | +€24,894 | |
| Current assets | 29/58 | €38,623 | €28,321 | -€10,301 | -26.7% |
| Amounts receivable within one year | 40/41 | €24,362 | €23,930 | -€432 | -1.8% |
| Trade receivables | 40 | €5,377 | - | -€5,377 | |
| Other amounts receivable | 41 | €18,985 | €23,930 | +€4,945 | +26.0% |
| Cash at bank and in hand | 54/58 | €14,260 | €4,391 | -€9,869 | -69.2% |
| Total equity and liabilities | 10/49 | €38,623 | €53,215 | +€14,593 | +37.8% |
| Equity | 10/15 | -€53,607 | -€61,881 | -€8,274 | -15.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,586 | €6,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €389 | €389 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,167 | -€130,441 | -€8,274 | -6.8% |
| Amounts payable | 17/49 | €92,229 | €115,096 | +€22,867 | +24.8% |
| Amounts payable within one year | 42/48 | €92,229 | €115,096 | +€22,867 | +24.8% |
| Trade debts | 44 | - | €708 | +€708 | |
| Suppliers | 440/4 | - | €708 | +€708 | |
| Taxes, remuneration and social security | 45 | €621 | - | -€621 | |
| Taxes | 450/3 | €621 | - | -€621 | |
| Other amounts payable | 47/48 | €91,609 | €114,388 | +€22,779 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €295 | +€295 | |
| Other operating charges | 640/8 | €738 | €586 | -€152 | -20.6% |
| Gross operating margin | 9900 | €1,908 | -€4,294 | -€6,202 | |
| Operating profit (loss) | 9901 | €1,171 | -€5,175 | -€6,346 | |
| Financial charges | 65/66B | €2,984 | €3,099 | +€115 | +3.9% |
| Recurring financial charges | 65 | €2,984 | €3,099 | +€115 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,813 | -€8,274 | -€6,461 | -356% |
| Profit (loss) for the period | 9904 | -€1,813 | -€8,274 | -€6,461 | -356% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,813 | -€8,274 | -€6,461 | -356% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.