MAQUA-DEPIERREUX: what changed
What changed
MAQUA-DEPIERREUX
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€40,248
2024 · €40,592-€343
Equity
€93,527
2024 · €53,279+€40,248
Cash
-
2024 · €7,978-€7,978
Balance sheet total
€872,738
2024 · €827,869+€44,869
Largest movements
Assets
- Tangible fixed assets +€41,009
up €41,009 (+5.7%), from €715,555 to €756,564
of which Land and buildings: +€46,763
- Receivables within one year +€10,772
up €10,772 (+10.4%), from €103,947 to €114,719
of which Other amounts receivable: +€13,366
Equity and liabilities
- Trade debts +€44,418
up €44,418 (+242%), from €18,378 to €62,795
- Debts after one year -€27,983
down €27,983 (-7.2%), from €386,261 to €358,277
- Reserves +€26,764
new in 2025: €26,764
- Other debts -€15,655
down €15,655 (-6.9%), from €228,345 to €212,689
- Profit (loss) carried forward +€13,485
up €13,485 (+102%), from €13,279 to €26,764
Income statement
- Depreciation +€3,583
up €3,583 (+13.4%), from €26,774 to €30,357
- Gross operating margin +€3,475
up €3,475 (+3.3%), from €106,163 to €109,638
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
€40,592
Gross operating margin
+€3,475
Staff costs
-€999
Depreciation
-€3,583
Other operating charges
+€1,039
Financial income
-€1
Financial charges
-€275
Result 2025
€40,248
raises the resultlowers the result
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
+€90,303
Investment
-€71,138
Financing
-€27,142
Cash 2024
€7,978
From operations (derived)
+€90,303
Net result for the year
+€40,248
Depreciation
+€30,357
Receivables within one year
-€10,772
Deferred charges and accrued income
-€1,293
Trade debts
+€44,418
Tax, wage and social debts
+€7,853
Other debts
-€15,655
Accrued charges and deferred income
-€4,852
Investment (derived)
-€71,138
Investment in fixed assets (net)
-€71,138
Financing
-€27,142
Debts after one year
-€27,983
Current portion of long-term debt
+€841
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €827,869 | €872,738 | +€44,869 | +5.4% |
| Formation expenses | 20 | €389 | €162 | -€227 | -58.4% |
| Fixed assets | 21/28 | €715,555 | €756,564 | +€41,009 | +5.7% |
| Tangible fixed assets | 22/27 | €715,555 | €756,564 | +€41,009 | +5.7% |
| Land and buildings | 22 | €691,226 | €737,988 | +€46,763 | +6.8% |
| Plant, machinery and equipment | 23 | €22,878 | €18,201 | -€4,677 | -20.4% |
| Furniture and vehicles | 24 | €1,451 | €375 | -€1,077 | -74.2% |
| Current assets | 29/58 | €111,925 | €116,013 | +€4,088 | +3.7% |
| Amounts receivable within one year | 40/41 | €103,947 | €114,719 | +€10,772 | +10.4% |
| Trade receivables | 40 | €103,821 | €101,227 | -€2,594 | -2.5% |
| Other amounts receivable | 41 | €126 | €13,492 | +€13,366 | +10,568% |
| Cash at bank and in hand | 54/58 | €7,978 | - | -€7,978 | |
| Deferred charges and accrued income | 490/1 | - | €1,293 | +€1,293 | |
| Total equity and liabilities | 10/49 | €827,869 | €872,738 | +€44,869 | +5.4% |
| Equity | 10/15 | €53,279 | €93,527 | +€40,248 | +75.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €26,764 | +€26,764 | |
| Distributable reserves | 133 | - | €26,764 | +€26,764 | |
| Profit (loss) carried forward | 14 | €13,279 | €26,764 | +€13,485 | +102% |
| Amounts payable | 17/49 | €774,590 | €779,211 | +€4,621 | +0.6% |
| Amounts payable after more than one year | 17 | €386,261 | €358,277 | -€27,983 | -7.2% |
| Financial debts | 170/4 | €386,261 | €358,277 | -€27,983 | -7.2% |
| Amounts payable within one year | 42/48 | €284,406 | €321,862 | +€37,457 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €27,581 | €28,422 | +€841 | +3.1% |
| Trade debts | 44 | €18,378 | €62,795 | +€44,418 | +242% |
| Suppliers | 440/4 | €18,378 | €62,795 | +€44,418 | +242% |
| Taxes, remuneration and social security | 45 | €10,103 | €17,955 | +€7,853 | +77.7% |
| Taxes | 450/3 | €6,783 | €14,692 | +€7,909 | +117% |
| Remuneration and social security | 454/9 | €3,319 | €3,263 | -€56 | -1.7% |
| Other amounts payable | 47/48 | €228,345 | €212,689 | -€15,655 | -6.9% |
| Accrued charges and deferred income | 492/3 | €103,923 | €99,071 | -€4,852 | -4.7% |
| Remuneration, social security and pensions | 62 | €26,606 | €27,605 | +€999 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,774 | €30,357 | +€3,583 | +13.4% |
| Other operating charges | 640/8 | €2,636 | €1,597 | -€1,039 | -39.4% |
| Gross operating margin | 9900 | €106,163 | €109,638 | +€3,475 | +3.3% |
| Operating profit (loss) | 9901 | €50,147 | €50,079 | -€68 | -0.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,556 | €9,831 | +€275 | +2.9% |
| Recurring financial charges | 65 | €9,556 | €9,831 | +€275 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €40,592 | €40,248 | -€343 | -0.8% |
| Profit (loss) for the period | 9904 | €40,592 | €40,248 | -€343 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,592 | €40,248 | -€343 | -0.8% |
Next steps
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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 2 November 2026 via checked.be.