LUXURY LODGES: what changed
LUXURY LODGES
Largest movements
- Tangible fixed assets -€128,281
down €128,281 (-17.2%), from €743,782 to €615,502
of which Other tangible fixed assets: -€127,951
- Receivables within one year -€115,743
down €115,743 (-78.2%), from €147,919 to €32,176
of which Trade receivables: -€115,686
- Other debts -€80,257
down €80,257 (-18.4%), from €435,856 to €355,599
- Advances received -€72,441
no longer reported in 2025 (was €72,441)
- Debts after one year -€67,195
down €67,195 (-21.1%), from €318,460 to €251,264
- Profit (loss) carried forward -€51,391
down €51,391 (-21.6%), from -€238,132 to -€289,523
- Current portion of long-term debt +€41,060
up €41,060 (+63.6%), from €64,526 to €105,586
- Gross operating margin +€49,777
up €49,777 (+72.6%), from €68,571 to €118,348
- Financial charges +€8,334
up €8,334 (+29.8%), from €28,013 to €36,347
- Other operating charges +€3,534
up €3,534 (+224%), from €1,577 to €5,111
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 | €891,701 | €647,832 | -€243,869 | -27.3% |
| Fixed assets | 21/28 | €743,782 | €615,502 | -€128,281 | -17.2% |
| Tangible fixed assets | 22/27 | €743,782 | €615,502 | -€128,281 | -17.2% |
| Plant, machinery and equipment | 23 | €1,118 | €788 | -€330 | -29.5% |
| Other tangible fixed assets | 26 | €742,664 | €614,713 | -€127,951 | -17.2% |
| Current assets | 29/58 | €147,919 | €32,330 | -€115,588 | -78.1% |
| Amounts receivable within one year | 40/41 | €147,919 | €32,176 | -€115,743 | -78.2% |
| Trade receivables | 40 | €147,069 | €31,383 | -€115,686 | -78.7% |
| Other amounts receivable | 41 | €850 | €793 | -€57 | -6.7% |
| Cash at bank and in hand | 54/58 | - | €154 | +€154 | |
| Total equity and liabilities | 10/49 | €891,701 | €647,832 | -€243,869 | -27.3% |
| Equity | 10/15 | -€218,132 | -€269,523 | -€51,391 | -23.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,132 | -€289,523 | -€51,391 | -21.6% |
| Amounts payable | 17/49 | €1,109,834 | €917,355 | -€192,479 | -17.3% |
| Amounts payable after more than one year | 17 | €318,460 | €251,264 | -€67,195 | -21.1% |
| Financial debts | 170/4 | €318,460 | €251,264 | -€67,195 | -21.1% |
| Amounts payable within one year | 42/48 | €791,374 | €666,091 | -€125,283 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €64,526 | €105,586 | +€41,060 | +63.6% |
| Financial debts | 43 | €186,967 | €175,000 | -€11,967 | -6.4% |
| Credit institutions | 430/8 | €186,967 | €175,000 | -€11,967 | -6.4% |
| Trade debts | 44 | €31,584 | €29,905 | -€1,679 | -5.3% |
| Suppliers | 440/4 | €31,584 | €29,905 | -€1,679 | -5.3% |
| Advances received on contracts in progress | 46 | €72,441 | - | -€72,441 | |
| Other amounts payable | 47/48 | €435,856 | €355,599 | -€80,257 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,281 | €128,281 | = | 0.0% |
| Other operating charges | 640/8 | €1,577 | €5,111 | +€3,534 | +224% |
| Gross operating margin | 9900 | €68,571 | €118,348 | +€49,777 | +72.6% |
| Operating profit (loss) | 9901 | -€61,287 | -€15,044 | +€46,243 | +75.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €28,013 | €36,347 | +€8,334 | +29.8% |
| Recurring financial charges | 65 | €28,013 | €36,347 | +€8,334 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€89,300 | -€51,391 | +€37,909 | +42.5% |
| Profit (loss) for the period | 9904 | -€89,300 | -€51,391 | +€37,909 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,300 | -€51,391 | +€37,909 | +42.5% |
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 4 November 2026 via checked.be.