HOTELEX: 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.
HOTELEX
Largest movements
- Tangible fixed assets -€4,846
down €4,846 (-1.8%), from €269,908 to €265,062
of which Land and buildings: -€4,630
- Cash -€4,477
down €4,477 (-88.8%), from €5,041 to €564
mainly Investment in fixed assets (net) (-€18,599) and Net result for the year (-€17,229)
- Profit (loss) carried forward -€17,229
down €17,229 (-4.9%), from -€352,941 to -€370,170
- Other debts +€11,039
up €11,039 (+17.3%), from €63,795 to €74,834
- Gross operating margin +€14,623
up €14,623, from -€2,048 to €12,575
- Purchases and services -€10,181
down €10,181 (-19.6%), from €51,984 to €41,803
- Depreciation +€2,165
up €2,165 (+10.2%), from €21,280 to €23,445
- Write-downs +€1,268
new in 2025: €1,268
- Turnover -€595
down €595 (-1.9%), from €30,734 to €30,139
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 | €317,712 | €310,657 | -€7,056 | -2.2% |
| Fixed assets | 21/28 | €269,908 | €265,062 | -€4,846 | -1.8% |
| Tangible fixed assets | 22/27 | €269,908 | €265,062 | -€4,846 | -1.8% |
| Land and buildings | 22 | €269,043 | €264,413 | -€4,630 | -1.7% |
| Plant, machinery and equipment | 23 | €865 | €649 | -€216 | -25.0% |
| Current assets | 29/58 | €47,804 | €45,594 | -€2,209 | -4.6% |
| Amounts receivable after more than one year | 29 | €15,193 | €15,193 | = | 0.0% |
| Other amounts receivable | 291 | €15,193 | €15,193 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,570 | €29,838 | +€2,267 | +8.2% |
| Trade receivables | 40 | €3,737 | €908 | -€2,829 | -75.7% |
| Other amounts receivable | 41 | €23,833 | €28,930 | +€5,097 | +21.4% |
| Cash at bank and in hand | 54/58 | €5,041 | €564 | -€4,477 | -88.8% |
| Total equity and liabilities | 10/49 | €317,712 | €310,657 | -€7,056 | -2.2% |
| Equity | 10/15 | €240,128 | €222,899 | -€17,229 | -7.2% |
| Contributions | 10/11 | €287,556 | €287,556 | = | 0.0% |
| Capital | 10 | €252,058 | €252,058 | = | 0.0% |
| Issued capital | 100 | €252,058 | €252,058 | = | 0.0% |
| Contributions outside capital | 11 | €35,498 | €35,498 | = | 0.0% |
| Share premium | 1100/10 | €35,498 | €35,498 | = | 0.0% |
| Revaluation surpluses | 12 | €145,500 | €145,500 | = | 0.0% |
| Reserves | 13 | €160,012 | €160,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,206 | €25,206 | = | 0.0% |
| Legal reserve | 130 | €25,206 | €25,206 | = | 0.0% |
| Distributable reserves | 133 | €134,807 | €134,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,941 | -€370,170 | -€17,229 | -4.9% |
| Amounts payable | 17/49 | €77,584 | €87,758 | +€10,174 | +13.1% |
| Amounts payable within one year | 42/48 | €77,584 | €87,758 | +€10,174 | +13.1% |
| Trade debts | 44 | €13,772 | €11,762 | -€2,010 | -14.6% |
| Suppliers | 440/4 | €13,772 | €11,762 | -€2,010 | -14.6% |
| Taxes, remuneration and social security | 45 | €17 | €1,162 | +€1,145 | +6,665% |
| Taxes | 450/3 | €17 | €1,162 | +€1,145 | +6,665% |
| Other amounts payable | 47/48 | €63,795 | €74,834 | +€11,039 | +17.3% |
| Turnover | 70 | €30,734 | €30,139 | -€595 | -1.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,984 | €41,803 | -€10,181 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,280 | €23,445 | +€2,165 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,268 | +€1,268 | |
| Other operating charges | 640/8 | €4,963 | €4,757 | -€206 | -4.2% |
| Non-recurring operating charges | 66A | €1,594 | - | -€1,594 | |
| Gross operating margin | 9900 | -€2,048 | €12,575 | +€14,623 | |
| Operating profit (loss) | 9901 | -€29,885 | -€16,895 | +€12,990 | +43.5% |
| Financial income | 75/76B | €566 | €231 | -€335 | -59.2% |
| Recurring financial income | 75 | €566 | €231 | -€335 | -59.2% |
| Financial charges | 65/66B | €959 | €565 | -€395 | -41.2% |
| Recurring financial charges | 65 | €959 | €565 | -€395 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,279 | -€17,229 | +€13,050 | +43.1% |
| Profit (loss) for the period | 9904 | -€30,279 | -€17,229 | +€13,050 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,279 | -€17,229 | +€13,050 | +43.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.