OHLES: 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.
What changed
OHLES
NACE 55.100, Hotels and similar accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€38,943
2024 · -€23,362-€15,580
Equity
-€274,837
2024 · -€231,099-€43,737
Cash
€48,599
2024 · €62,457-€13,859
Balance sheet total
€1.5m
2024 · €1.6m-€97,294
Largest movements
Assets
- Tangible fixed assets -€81,288
down €81,288 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€58,154
Equity and liabilities
- Debts after one year -€105,295
down €105,295 (-6.4%), from €1.7m to €1.5m
of which Financial debts: -€131,261
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€38,943
down €38,943 (-10.5%), from -€369,690 to -€408,633
Income statement
- Gross operating margin -€13,607
down €13,607 (-10.5%), from €129,399 to €115,791
- Staff costs +€2,340
up €2,340 (+8.5%), from €27,551 to €29,891
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
-€23,362
Gross operating margin
-€13,607
Staff costs
-€2,340
Depreciation
+€113
Other operating charges
-€31
Financial income
-€129
Financial charges
+€413
Result 2025
-€38,943
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
+€94,552
Investment
-€73
Financing
-€108,338
Cash 2024
€62,457
From operations (derived)
+€94,552
Net result for the year
-€38,943
Depreciation
+€81,913
Receivables within one year
+€881
Deferred charges and accrued income
+€714
Trade debts
+€1,412
Tax, wage and social debts
-€631
Other debts
+€50,000
Accrued charges and deferred income
-€794
Investment (derived)
-€73
Investment in fixed assets (net)
-€73
Financing
-€108,338
Debts after one year
-€105,295
Current portion of long-term debt
+€1,752
Contributions, distributions and other
-€4,795
Cash 2025
€48,599
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,564,571 | €1,467,277 | -€97,294 | -6.2% |
| Fixed assets | 21/28 | €1,489,943 | €1,408,103 | -€81,840 | -5.5% |
| Intangible fixed assets | 21 | €772 | €220 | -€552 | -71.5% |
| Tangible fixed assets | 22/27 | €1,489,171 | €1,407,883 | -€81,288 | -5.5% |
| Land and buildings | 22 | €1,330,403 | €1,272,249 | -€58,154 | -4.4% |
| Plant, machinery and equipment | 23 | €109,870 | €95,389 | -€14,482 | -13.2% |
| Furniture and vehicles | 24 | €48,898 | €40,246 | -€8,652 | -17.7% |
| Current assets | 29/58 | €74,628 | €59,174 | -€15,454 | -20.7% |
| Stocks and contracts in progress | 3 | €950 | €950 | = | 0.0% |
| Stocks | 30/36 | €950 | €950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,785 | €2,904 | -€881 | -23.3% |
| Trade receivables | 40 | €3,785 | €2,904 | -€881 | -23.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €62,457 | €48,599 | -€13,859 | -22.2% |
| Deferred charges and accrued income | 490/1 | €7,436 | €6,721 | -€714 | -9.6% |
| Total equity and liabilities | 10/49 | €1,564,571 | €1,467,277 | -€97,294 | -6.2% |
| Equity | 10/15 | -€231,099 | -€274,837 | -€43,737 | -18.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€369,690 | -€408,633 | -€38,943 | -10.5% |
| Investment grants | 15 | €88,590 | €83,796 | -€4,795 | -5.4% |
| Amounts payable | 17/49 | €1,795,670 | €1,742,114 | -€53,557 | -3.0% |
| Amounts payable after more than one year | 17 | €1,650,811 | €1,545,516 | -€105,295 | -6.4% |
| Financial debts | 170/4 | €785,286 | €654,025 | -€131,261 | -16.7% |
| Other amounts payable | 178/9 | €865,525 | €891,491 | +€25,966 | +3.0% |
| Amounts payable within one year | 42/48 | €142,998 | €195,531 | +€52,533 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €129,509 | €131,261 | +€1,752 | +1.4% |
| Trade debts | 44 | €10,158 | €11,570 | +€1,412 | +13.9% |
| Suppliers | 440/4 | €10,158 | €11,570 | +€1,412 | +13.9% |
| Taxes, remuneration and social security | 45 | €3,331 | €2,700 | -€631 | -18.9% |
| Taxes | 450/3 | €1,376 | €597 | -€779 | -56.6% |
| Remuneration and social security | 454/9 | €1,955 | €2,103 | +€148 | +7.6% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €1,861 | €1,067 | -€794 | -42.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,551 | €29,891 | +€2,340 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,027 | €81,913 | -€113 | -0.1% |
| Other operating charges | 640/8 | €1,258 | €1,288 | +€31 | +2.5% |
| Gross operating margin | 9900 | €129,399 | €115,791 | -€13,607 | -10.5% |
| Operating profit (loss) | 9901 | €18,564 | €2,699 | -€15,865 | -85.5% |
| Financial income | 75/76B | €4,929 | €4,800 | -€129 | -2.6% |
| Recurring financial income | 75 | €4,929 | €4,800 | -€129 | -2.6% |
| Financial charges | 65/66B | €46,855 | €46,442 | -€413 | -0.9% |
| Recurring financial charges | 65 | €46,855 | €46,442 | -€413 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,362 | -€38,943 | -€15,580 | -66.7% |
| Profit (loss) for the period | 9904 | -€23,362 | -€38,943 | -€15,580 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,362 | -€38,943 | -€15,580 | -66.7% |
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 10 October 2026 via checked.be.