Hotelo Kathedral: what changed
Hotelo Kathedral
Largest movements
- Receivables within one year +€40,567
up €40,567 (+27.1%), from €149,586 to €190,153
- Cash -€37,959
down €37,959 (-87.7%), from €43,266 to €5,307
mainly Debts after one year (-€155,000) and Investment in fixed assets (net) (-€56,399)
- Stocks and contracts +€15,370
up €15,370 (+44.4%), from €34,579 to €49,949
- Tangible fixed assets -€15,113
down €15,113 (-4.4%), from €341,215 to €326,103
of which Land and buildings: -€15,619
- Debts after one year -€155,000
no longer reported in 2025 (was €155,000)
- Current portion of long-term debt +€129,908
up €129,908 (+1,163%), from €11,169 to €141,078
- Other debts +€70,646
up €70,646 (+81.2%), from €86,956 to €157,602
- Profit (loss) carried forward -€52,538
down €52,538 (-28.6%), from -€183,433 to -€235,971
- Short-term financial debts +€11,916
new in 2025: €11,916
- Gross operating margin -€46,488
down €46,488 (-5.2%), from €898,258 to €851,769
- Staff costs +€41,766
up €41,766 (+6.0%), from €692,671 to €734,437
- Other operating charges -€20,841
down €20,841 (-23.1%), from €90,327 to €69,487
- Taxes -€13,693
down €13,693 (-99.8%), from €13,716 to €23
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 | €585,007 | €592,503 | +€7,496 | +1.3% |
| Fixed assets | 21/28 | €353,725 | €338,928 | -€14,797 | -4.2% |
| Tangible fixed assets | 22/27 | €341,215 | €326,103 | -€15,113 | -4.4% |
| Land and buildings | 22 | €295,853 | €280,234 | -€15,619 | -5.3% |
| Plant, machinery and equipment | 23 | €44,648 | €43,733 | -€915 | -2.0% |
| Furniture and vehicles | 24 | €715 | €2,135 | +€1,421 | +199% |
| Financial fixed assets | 28 | €12,510 | €12,825 | +€316 | +2.5% |
| Current assets | 29/58 | €231,282 | €253,576 | +€22,293 | +9.6% |
| Stocks and contracts in progress | 3 | €34,579 | €49,949 | +€15,370 | +44.4% |
| Stocks | 30/36 | €34,579 | €49,949 | +€15,370 | +44.4% |
| Amounts receivable within one year | 40/41 | €149,586 | €190,153 | +€40,567 | +27.1% |
| Trade receivables | 40 | €149,586 | €190,153 | +€40,567 | +27.1% |
| Cash at bank and in hand | 54/58 | €43,266 | €5,307 | -€37,959 | -87.7% |
| Deferred charges and accrued income | 490/1 | €3,850 | €8,166 | +€4,316 | +112% |
| Total equity and liabilities | 10/49 | €585,007 | €592,503 | +€7,496 | +1.3% |
| Equity | 10/15 | €86,267 | €33,729 | -€52,538 | -60.9% |
| Contributions | 10/11 | €269,700 | €269,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,433 | -€235,971 | -€52,538 | -28.6% |
| Amounts payable | 17/49 | €498,740 | €558,775 | +€60,034 | +12.0% |
| Amounts payable after more than one year | 17 | €155,000 | - | -€155,000 | |
| Financial debts | 170/4 | €155,000 | - | -€155,000 | |
| Amounts payable within one year | 42/48 | €343,740 | €558,775 | +€215,034 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €11,169 | €141,078 | +€129,908 | +1,163% |
| Financial debts | 43 | - | €11,916 | +€11,916 | |
| Credit institutions | 430/8 | - | €11,916 | +€11,916 | |
| Trade debts | 44 | €171,504 | €170,419 | -€1,084 | -0.6% |
| Suppliers | 440/4 | €171,504 | €170,419 | -€1,084 | -0.6% |
| Taxes, remuneration and social security | 45 | €74,111 | €77,760 | +€3,648 | +4.9% |
| Taxes | 450/3 | €20,069 | €20,604 | +€535 | +2.7% |
| Remuneration and social security | 454/9 | €54,042 | €57,155 | +€3,113 | +5.8% |
| Other amounts payable | 47/48 | €86,956 | €157,602 | +€70,646 | +81.2% |
| Remuneration, social security and pensions | 62 | €692,671 | €734,437 | +€41,766 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,177 | €71,197 | +€5,020 | +7.6% |
| Other operating charges | 640/8 | €90,327 | €69,487 | -€20,841 | -23.1% |
| Gross operating margin | 9900 | €898,258 | €851,769 | -€46,488 | -5.2% |
| Operating profit (loss) | 9901 | €49,083 | -€23,351 | -€72,434 | |
| Financial income | 75/76B | €1,584 | €320 | -€1,264 | -79.8% |
| Recurring financial income | 75 | €1,584 | €320 | -€1,264 | -79.8% |
| Financial charges | 65/66B | €22,783 | €29,484 | +€6,701 | +29.4% |
| Recurring financial charges | 65 | €22,783 | €29,484 | +€6,701 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €27,884 | -€52,515 | -€80,400 | |
| Income taxes | 67/77 | €13,716 | €23 | -€13,693 | -99.8% |
| Profit (loss) for the period | 9904 | €14,169 | -€52,538 | -€66,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,169 | -€52,538 | -€66,707 |
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 6 November 2026 via checked.be.