METEOR: what changed
Two fiscal 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.
What changed
METEOR
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,449
2024 · -€40,177+€41,626
Equity
€133,630
2024 · €132,181+€1,449
Cash
€20,454
2024 · €9,413+€11,041
Balance sheet total
€2.0m
2024 · €2.1m-€88,554
Largest movements
Assets
- Tangible fixed assets -€111,532
down €111,532 (-5.3%), from €2.1m to €2.0m
of which Land and buildings: -€102,782
Equity and liabilities
- Debts after one year -€104,625
down €104,625 (-7.0%), from €1.5m to €1.4m
- Trade debts +€31,338
up €31,338 (+132.1%), from €23,725 to €55,063
- Tax, wage and social debts -€24,913
down €24,913 (-56.6%), from €43,989 to €19,076
of which Taxes: -€24,373
Income statement
- Gross operating margin +€74,113
up €74,113 (+21.3%), from €347,480 to €421,593
- Taxes +€27,639
new in 2025: €27,639
- Other operating charges +€7,268
up €7,268 (+29.7%), from €24,443 to €31,712
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.
Result 2024
-€40,177
Gross operating margin
+€74,113
Staff costs
+€1,395
Depreciation
-€1,227
Other operating charges
-€7,268
Financial charges
+€2,251
Taxes
-€27,639
Result 2025
€1,449
Cash bridge derived
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.
From operations
+€143,350
Investment
-€37,000
Financing
-€95,309
Cash 2024
€9,413
From operations (derived)
+€143,350
Net result for the year
+€1,449
Depreciation
+€150,745
Receivables within one year
-€12,195
Deferred charges and accrued income
-€1,955
Trade debts
+€31,338
Tax, wage and social debts
-€24,913
Other debts
-€5,223
Accrued charges and deferred income
+€4,103
Investment (derived)
-€37,000
Investment in fixed assets (net)
-€37,000
Financing
-€95,309
Debts after one year
-€104,625
Current portion of long-term debt
-€1,555
Short-term financial debts
+€10,872
Cash 2025
€20,454
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,133,055 | €2,044,501 | -€88,554 | -4.2% |
| Fixed assets | 21/28 | €2,123,642 | €2,009,897 | -€113,745 | -5.4% |
| Intangible fixed assets | 21 | €6,641 | €4,427 | -€2,214 | -33.3% |
| Tangible fixed assets | 22/27 | €2,117,001 | €2,005,469 | -€111,532 | -5.3% |
| Land and buildings | 22 | €1,982,543 | €1,879,760 | -€102,782 | -5.2% |
| Plant, machinery and equipment | 23 | €32,534 | €30,457 | -€2,077 | -6.4% |
| Furniture and vehicles | 24 | €101,924 | €95,252 | -€6,672 | -6.5% |
| Current assets | 29/58 | €9,413 | €34,604 | +€25,191 | +267.6% |
| Amounts receivable within one year | 40/41 | - | €12,195 | +€12,195 | |
| Trade receivables | 40 | - | €7,033 | +€7,033 | |
| Other amounts receivable | 41 | - | €5,162 | +€5,162 | |
| Cash at bank and in hand | 54/58 | €9,413 | €20,454 | +€11,041 | +117.3% |
| Deferred charges and accrued income | 490/1 | - | €1,955 | +€1,955 | |
| Total equity and liabilities | 10/49 | €2,133,055 | €2,044,501 | -€88,554 | -4.2% |
| Equity | 10/15 | €132,181 | €133,630 | +€1,449 | +1.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €80,650 | €82,099 | +€1,449 | +1.8% |
| Non-distributable reserves | 130/1 | €20,650 | €20,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,650 | €20,650 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €61,449 | +€1,449 | +2.4% |
| Profit (loss) carried forward | 14 | €32,531 | €32,531 | = | 0.0% |
| Amounts payable | 17/49 | €2,000,874 | €1,910,870 | -€90,003 | -4.5% |
| Amounts payable after more than one year | 17 | €1,495,758 | €1,391,133 | -€104,625 | -7.0% |
| Financial debts | 170/4 | €1,495,758 | €1,391,133 | -€104,625 | -7.0% |
| Amounts payable within one year | 42/48 | €505,116 | €515,634 | +€10,518 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €110,986 | €109,431 | -€1,555 | -1.4% |
| Financial debts | 43 | €19,933 | €30,804 | +€10,872 | +54.5% |
| Credit institutions | 430/8 | €19,933 | €30,804 | +€10,872 | +54.5% |
| Trade debts | 44 | €23,725 | €55,063 | +€31,338 | +132.1% |
| Suppliers | 440/4 | €23,725 | €55,063 | +€31,338 | +132.1% |
| Taxes, remuneration and social security | 45 | €43,989 | €19,076 | -€24,913 | -56.6% |
| Taxes | 450/3 | €28,057 | €3,684 | -€24,373 | -86.9% |
| Remuneration and social security | 454/9 | €15,932 | €15,392 | -€540 | -3.4% |
| Other amounts payable | 47/48 | €306,483 | €301,260 | -€5,223 | -1.7% |
| Accrued charges and deferred income | 492/3 | - | €4,103 | +€4,103 | |
| Remuneration, social security and pensions | 62 | €128,585 | €127,190 | -€1,395 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,519 | €150,745 | +€1,227 | +0.8% |
| Other operating charges | 640/8 | €24,443 | €31,712 | +€7,268 | +29.7% |
| Gross operating margin | 9900 | €347,480 | €421,593 | +€74,113 | +21.3% |
| Operating profit (loss) | 9901 | €44,933 | €111,947 | +€67,013 | +149.1% |
| Financial charges | 65/66B | €85,110 | €82,859 | -€2,251 | -2.6% |
| Recurring financial charges | 65 | €85,110 | €82,859 | -€2,251 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,177 | €29,088 | +€69,265 | |
| Income taxes | 67/77 | - | €27,639 | +€27,639 | |
| Profit (loss) for the period | 9904 | -€40,177 | €1,449 | +€41,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,177 | €1,449 | +€41,626 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.