LACE HOTEL: what changed
What changed
LACE HOTEL
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
€325,690
2024 · €137,950+€187,740
Equity
€434,278
2024 · €108,589+€325,690
Cash
€408,581
2024 · €393,254+€15,327
Balance sheet total
€1.3m
2024 · €1.3m-€9,650
Largest movements
Assets
- Tangible fixed assets -€32,186
down €32,186 (-4.0%), from €814,747 to €782,561
of which Land and buildings: -€36,100
- Cash +€15,327
up €15,327 (+3.9%), from €393,254 to €408,581
mainly Net result for the year (+€325,690) and Depreciation (+€98,297)
- Receivables within one year +€14,014
up €14,014 (+137%), from €10,200 to €24,214
Equity and liabilities
- Profit (loss) carried forward +€325,690
up €325,690 (+41.7%), from -€781,333 to -€455,644
- Other debts -€276,515
down €276,515 (-41.6%), from €664,451 to €387,936
- Trade debts -€46,928
down €46,928 (-33.5%), from €140,154 to €93,226
- Current portion of long-term debt -€29,010
down €29,010 (-92.6%), from €31,320 to €2,310
- Tax, wage and social debts +€17,113
up €17,113 (+18.2%), from €93,848 to €110,961
of which Taxes: +€23,734
Income statement
- Gross operating margin +€228,438
up €228,438 (+36.7%), from €621,888 to €850,327
- Staff costs +€134,757
up €134,757 (+57.2%), from €235,405 to €370,162
- Depreciation +€26,858
up €26,858 (+37.6%), from €71,439 to €98,297
- Financial charges +€9,816
up €9,816 (+75.3%), from €13,031 to €22,846
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.
Result 2024
€137,950
Gross operating margin
+€228,438
Staff costs
-€134,757
Depreciation
-€26,858
Other operating charges
-€3,870
Other operating items
+€134,598
Financial income
+€4
Financial charges
-€9,816
Result 2025
€325,690
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€103,948
Investment
-€59,611
Financing
-€29,010
Cash 2024
€393,254
From operations (derived)
+€103,948
Net result for the year
+€325,690
Depreciation
+€98,297
Receivables within one year
-€14,014
Deferred charges and accrued income
+€305
Trade debts
-€46,928
Tax, wage and social debts
+€17,113
Other debts
-€276,515
Investment (derived)
-€59,611
Investment in fixed assets (net)
-€59,611
Financing
-€29,010
Debts after one year
-€0
Current portion of long-term debt
-€29,010
Cash 2025
€408,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,986 | €1,268,336 | -€9,650 | -0.8% |
| Fixed assets | 21/28 | €872,713 | €834,027 | -€38,686 | -4.4% |
| Intangible fixed assets | 21 | €57,966 | €51,466 | -€6,500 | -11.2% |
| Tangible fixed assets | 22/27 | €814,747 | €782,561 | -€32,186 | -4.0% |
| Land and buildings | 22 | €665,614 | €629,514 | -€36,100 | -5.4% |
| Plant, machinery and equipment | 23 | €85,044 | €87,996 | +€2,952 | +3.5% |
| Furniture and vehicles | 24 | €64,089 | €65,051 | +€962 | +1.5% |
| Current assets | 29/58 | €405,274 | €434,309 | +€29,036 | +7.2% |
| Stocks and contracts in progress | 3 | €870 | €870 | = | 0.0% |
| Stocks | 30/36 | €870 | €870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,200 | €24,214 | +€14,014 | +137% |
| Other amounts receivable | 41 | €10,200 | €24,214 | +€14,014 | +137% |
| Cash at bank and in hand | 54/58 | €393,254 | €408,581 | +€15,327 | +3.9% |
| Deferred charges and accrued income | 490/1 | €949 | €643 | -€305 | -32.2% |
| Total equity and liabilities | 10/49 | €1,277,986 | €1,268,336 | -€9,650 | -0.8% |
| Equity | 10/15 | €108,589 | €434,278 | +€325,690 | +300% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Contributions outside capital | 11 | €750,000 | €750,000 | = | 0.0% |
| Other | 1109/19 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €139,922 | €139,922 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €93,562 | +€93,562 | |
| Distributable reserves | 133 | €138,062 | €44,500 | -€93,562 | -67.8% |
| Profit (loss) carried forward | 14 | -€781,333 | -€455,644 | +€325,690 | +41.7% |
| Amounts payable | 17/49 | €1,169,398 | €834,058 | -€335,340 | -28.7% |
| Amounts payable after more than one year | 17 | €239,625 | €239,625 | -€0 | 0.0% |
| Financial debts | 170/4 | €239,625 | €239,625 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €929,773 | €594,433 | -€335,340 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €31,320 | €2,310 | -€29,010 | -92.6% |
| Trade debts | 44 | €140,154 | €93,226 | -€46,928 | -33.5% |
| Suppliers | 440/4 | €140,154 | €93,226 | -€46,928 | -33.5% |
| Taxes, remuneration and social security | 45 | €93,848 | €110,961 | +€17,113 | +18.2% |
| Taxes | 450/3 | €51,281 | €75,015 | +€23,734 | +46.3% |
| Remuneration and social security | 454/9 | €42,568 | €35,946 | -€6,621 | -15.6% |
| Other amounts payable | 47/48 | €664,451 | €387,936 | -€276,515 | -41.6% |
| Remuneration, social security and pensions | 62 | €235,405 | €370,162 | +€134,757 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,439 | €98,297 | +€26,858 | +37.6% |
| Other operating charges | 640/8 | €29,468 | €33,338 | +€3,870 | +13.1% |
| Non-recurring operating charges | 66A | €134,598 | - | -€134,598 | |
| Gross operating margin | 9900 | €621,888 | €850,327 | +€228,438 | +36.7% |
| Operating profit (loss) | 9901 | €150,979 | €348,530 | +€197,551 | +131% |
| Financial income | 75/76B | €2 | €6 | +€4 | +264% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +264% |
| Financial charges | 65/66B | €13,031 | €22,846 | +€9,816 | +75.3% |
| Recurring financial charges | 65 | €13,031 | €22,846 | +€9,816 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €137,950 | €325,690 | +€187,740 | +136% |
| Profit (loss) for the period | 9904 | €137,950 | €325,690 | +€187,740 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €137,950 | €325,690 | +€187,740 | +136% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.