PALETTENHOTEL: 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.
PALETTENHOTEL
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+32.5%), from €3.4m to €4.5m
of which Land and buildings: +€1.1m
- Cash -€201,042
down €201,042 (-44.6%), from €450,429 to €249,387
mainly Investment in fixed assets (net) (-€1.3m) and Trade debts (-€211,401)
- Other debts +€1.0m
up €1.0m (+412%), from €249,448 to €1.3m
- Trade debts -€211,401
down €211,401 (-84.8%), from €249,334 to €37,933
- Reserves +€204,217
up €204,217 (+21.2%), from €964,130 to €1.2m
of which Distributable reserves: +€204,217
- Debts after one year -€86,408
down €86,408 (-17.5%), from €494,951 to €408,543
- Depreciation -€52,838
down €52,838 (-25.7%), from €205,963 to €153,125
- Gross operating margin +€42,771
up €42,771 (+10.5%), from €408,044 to €450,814
- Provisions -€29,000
down €29,000 (-100%), from €29,000 to €0
- Financial charges +€13,029
up €13,029 (+76.0%), from €17,152 to €30,181
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,903,919 | €4,813,192 | +€909,273 | +23.3% |
| Fixed assets | 21/28 | €3,411,140 | €4,521,455 | +€1.1m | +32.5% |
| Tangible fixed assets | 22/27 | €3,411,140 | €4,521,455 | +€1.1m | +32.5% |
| Land and buildings | 22 | €3,400,691 | €4,498,783 | +€1.1m | +32.3% |
| Plant, machinery and equipment | 23 | €10,449 | €22,672 | +€12,223 | +117% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €492,779 | €291,737 | -€201,042 | -40.8% |
| Amounts receivable within one year | 40/41 | €42,350 | €42,350 | = | 0.0% |
| Trade receivables | 40 | €42,350 | €42,350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €450,429 | €249,387 | -€201,042 | -44.6% |
| Total equity and liabilities | 10/49 | €3,903,919 | €4,813,192 | +€909,273 | +23.3% |
| Equity | 10/15 | €2,725,310 | €2,929,527 | +€204,217 | +7.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,641,180 | €1,641,180 | = | 0.0% |
| Reserves | 13 | €964,130 | €1,168,347 | +€204,217 | +21.2% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €952,130 | €1,156,347 | +€204,217 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €29,000 | €29,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,000 | €29,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,149,609 | €1,854,665 | +€705,056 | +61.3% |
| Amounts payable after more than one year | 17 | €494,951 | €408,543 | -€86,408 | -17.5% |
| Financial debts | 170/4 | €494,951 | €408,543 | -€86,408 | -17.5% |
| Amounts payable within one year | 42/48 | €618,572 | €1,409,995 | +€791,423 | +128% |
| Current portion of amounts payable after more than one year | 42 | €86,010 | €86,408 | +€398 | +0.5% |
| Trade debts | 44 | €249,334 | €37,933 | -€211,401 | -84.8% |
| Suppliers | 440/4 | €249,334 | €37,933 | -€211,401 | -84.8% |
| Taxes, remuneration and social security | 45 | €33,781 | €8,871 | -€24,910 | -73.7% |
| Taxes | 450/3 | €33,781 | €8,871 | -€24,910 | -73.7% |
| Other amounts payable | 47/48 | €249,448 | €1,276,784 | +€1.0m | +412% |
| Accrued charges and deferred income | 492/3 | €36,086 | €36,126 | +€40 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,963 | €153,125 | -€52,838 | -25.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,000 | €0 | -€29,000 | -100% |
| Other operating charges | 640/8 | €36,570 | €36,872 | +€302 | +0.8% |
| Non-recurring operating charges | 66A | €6,171 | €0 | -€6,171 | -100% |
| Gross operating margin | 9900 | €408,044 | €450,814 | +€42,771 | +10.5% |
| Operating profit (loss) | 9901 | €130,340 | €260,817 | +€130,477 | +100% |
| Financial charges | 65/66B | €17,152 | €30,181 | +€13,029 | +76.0% |
| Recurring financial charges | 65 | €17,152 | €30,181 | +€13,029 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €113,188 | €230,637 | +€117,448 | +104% |
| Income taxes | 67/77 | €25,849 | €26,420 | +€571 | +2.2% |
| Profit (loss) for the period | 9904 | €87,339 | €204,217 | +€116,878 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €87,339 | €204,217 | +€116,878 | +134% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.