IMMO HOTEL GP: 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.
IMMO HOTEL GP
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+53.1%), from €2.3m to €3.6m
- Tangible fixed assets +€728,179
up €728,179 (+44.1%), from €1.7m to €2.4m
of which Plant, machinery and equipment: +€443,996
- Cash -€629,636
down €629,636 (-68.1%), from €924,121 to €294,486
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€944,237)
- Profit (loss) carried forward +€1.3m
up €1.3m (+81.3%), from €1.6m to €2.9m
- Trade debts +€133,707
up €133,707 (+142%), from €93,959 to €227,667
- Other debts -€99,587
no longer reported in 2025 (was €99,587)
- Turnover -€238,830
down €238,830 (-10.9%), from €2.2m to €1.9m
- Gross operating margin -€234,427
down €234,427 (-10.1%), from €2.3m to €2.1m
- Financial income -€124,995
down €124,995 (-81.2%), from €153,949 to €28,955
- Taxes -€99,247
down €99,247 (-18.2%), from €544,389 to €445,141
- Depreciation +€36,735
up €36,735 (+20.5%), from €179,323 to €216,058
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 | €4,913,387 | €6,251,989 | +€1.3m | +27.2% |
| Fixed assets | 21/28 | €1,652,759 | €2,380,939 | +€728,179 | +44.1% |
| Tangible fixed assets | 22/27 | €1,652,759 | €2,380,939 | +€728,179 | +44.1% |
| Land and buildings | 22 | €361,173 | €513,954 | +€152,781 | +42.3% |
| Plant, machinery and equipment | 23 | €1,018,187 | €1,462,183 | +€443,996 | +43.6% |
| Furniture and vehicles | 24 | €2,290 | - | -€2,290 | |
| Assets under construction and advance payments | 27 | €271,109 | €404,802 | +€133,693 | +49.3% |
| Current assets | 29/58 | €3,260,628 | €3,871,051 | +€610,423 | +18.7% |
| Amounts receivable within one year | 40/41 | €2,336,506 | €3,576,565 | +€1.2m | +53.1% |
| Other amounts receivable | 41 | €2,336,506 | €3,576,565 | +€1.2m | +53.1% |
| Cash at bank and in hand | 54/58 | €924,121 | €294,486 | -€629,636 | -68.1% |
| Total equity and liabilities | 10/49 | €4,913,387 | €6,251,989 | +€1.3m | +27.2% |
| Equity | 10/15 | €4,666,708 | €5,970,561 | +€1.3m | +27.9% |
| Contributions | 10/11 | €2,784,129 | €2,784,129 | = | 0.0% |
| Capital | 10 | €2,784,128 | €2,784,128 | = | 0.0% |
| Issued capital | 100 | €2,784,128 | €2,784,128 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Share premium | 1100/10 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €278,413 | €278,413 | = | 0.0% |
| Non-distributable reserves | 130/1 | €278,413 | €278,413 | = | 0.0% |
| Legal reserve | 130 | €278,413 | €278,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,604,166 | €2,908,019 | +€1.3m | +81.3% |
| Amounts payable | 17/49 | €246,678 | €281,428 | +€34,750 | +14.1% |
| Amounts payable within one year | 42/48 | €237,935 | €272,698 | +€34,763 | +14.6% |
| Trade debts | 44 | €93,959 | €227,667 | +€133,707 | +142% |
| Suppliers | 440/4 | €93,959 | €227,667 | +€133,707 | +142% |
| Taxes, remuneration and social security | 45 | €44,389 | €45,032 | +€643 | +1.4% |
| Taxes | 450/3 | €44,389 | €45,032 | +€643 | +1.4% |
| Other amounts payable | 47/48 | €99,587 | - | -€99,587 | |
| Accrued charges and deferred income | 492/3 | €8,743 | €8,730 | -€13 | -0.1% |
| Turnover | 70 | €2,182,557 | €1,943,727 | -€238,830 | -10.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,986 | €7,581 | +€595 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,323 | €216,058 | +€36,735 | +20.5% |
| Other operating charges | 640/8 | €150,041 | €155,038 | +€4,997 | +3.3% |
| Gross operating margin | 9900 | €2,325,611 | €2,091,184 | -€234,427 | -10.1% |
| Operating profit (loss) | 9901 | €1,996,247 | €1,720,088 | -€276,159 | -13.8% |
| Financial income | 75/76B | €153,949 | €28,955 | -€124,995 | -81.2% |
| Recurring financial income | 75 | €153,949 | €28,955 | -€124,995 | -81.2% |
| Financial charges | 65/66B | €1,641 | €49 | -€1,593 | -97.0% |
| Recurring financial charges | 65 | €1,641 | €49 | -€1,593 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €2,148,555 | €1,748,994 | -€399,561 | -18.6% |
| Income taxes | 67/77 | €544,389 | €445,141 | -€99,247 | -18.2% |
| Profit (loss) for the period | 9904 | €1,604,166 | €1,303,853 | -€300,313 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,604,166 | €1,303,853 | -€300,313 | -18.7% |
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 25 October 2026 via checked.be.