PI-HASSELT: 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
PI-HASSELT
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€248,864
2024 · -€204,795-€44,069
Equity
€4.3m
2024 · €4.5m-€248,864
Cash
€33,676
2024 · €112,155-€78,479
Balance sheet total
€5.5m
2024 · €5.8m-€341,053
Largest movements
Assets
- Tangible fixed assets -€301,744
down €301,744 (-5.4%), from €5.6m to €5.3m
of which Land and buildings: -€156,518
- Cash -€78,479
down €78,479 (-70.0%), from €112,155 to €33,676
mainly Other debts (-€270,801) and Net result for the year (-€248,864)
Equity and liabilities
- Other debts -€270,801
down €270,801 (-40.7%), from €665,999 to €395,198
- Profit (loss) carried forward -€248,864
down €248,864 (-14.0%), from -€1.8m to -€2.0m
- Trade debts +€210,470
up €210,470 (+72.8%), from €288,925 to €499,395
Income statement
- Purchases and services +€317,386
up €317,386 (+25.3%), from €1.3m to €1.6m
- Gross operating margin -€165,870
down €165,870 (-23.2%), from €716,067 to €550,197
- Turnover +€156,672
up €156,672 (+8.0%), from €1.9m to €2.1m
- Staff costs -€86,321
down €86,321 (-19.2%), from €449,115 to €362,794
- Financial charges -€73,039
down €73,039 (-70.5%), from €103,664 to €30,625
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
-€204,795
Gross operating margin
-€165,870
Staff costs
+€86,321
Depreciation
-€6,387
Write-downs
+€1,369
Other operating charges
+€19,794
Other operating items
+€2,758
Financial income
-€55,093
Financial charges
+€73,039
Result 2025
-€248,864
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€37,871
Investment
-€28,661
Financing
-€11,947
Cash 2024
€112,155
From operations (derived)
-€37,871
Net result for the year
-€248,864
Depreciation
+€330,405
Stocks and contracts
-€348
Receivables within one year
-€40,625
Deferred charges and accrued income
+€1,803
Trade debts
+€210,470
Tax, wage and social debts
-€30,705
Advances received
+€10,794
Other debts
-€270,801
Investment (derived)
-€28,661
Investment in fixed assets (net)
-€28,661
Financing
-€11,947
Debts after one year
-€12,516
Current portion of long-term debt
+€569
Cash 2025
€33,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,813,321 | €5,472,268 | -€341,053 | -5.9% |
| Fixed assets | 21/28 | €5,578,388 | €5,276,644 | -€301,744 | -5.4% |
| Tangible fixed assets | 22/27 | €5,578,388 | €5,276,644 | -€301,744 | -5.4% |
| Land and buildings | 22 | €5,074,154 | €4,917,636 | -€156,518 | -3.1% |
| Plant, machinery and equipment | 23 | €31,548 | €42,111 | +€10,563 | +33.5% |
| Other tangible fixed assets | 26 | €472,686 | €316,897 | -€155,789 | -33.0% |
| Current assets | 29/58 | €234,933 | €195,624 | -€39,309 | -16.7% |
| Stocks and contracts in progress | 3 | €8,009 | €8,357 | +€348 | +4.3% |
| Stocks | 30/36 | €8,009 | €8,357 | +€348 | +4.3% |
| Amounts receivable within one year | 40/41 | €97,470 | €138,095 | +€40,625 | +41.7% |
| Trade receivables | 40 | €84,954 | €123,204 | +€38,250 | +45.0% |
| Other amounts receivable | 41 | €12,516 | €14,891 | +€2,375 | +19.0% |
| Cash at bank and in hand | 54/58 | €112,155 | €33,676 | -€78,479 | -70.0% |
| Deferred charges and accrued income | 490/1 | €17,299 | €15,496 | -€1,803 | -10.4% |
| Total equity and liabilities | 10/49 | €5,813,321 | €5,472,268 | -€341,053 | -5.9% |
| Equity | 10/15 | €4,521,438 | €4,272,574 | -€248,864 | -5.5% |
| Contributions | 10/11 | €6,300,000 | €6,300,000 | = | 0.0% |
| Capital | 10 | €6,300,000 | €6,300,000 | = | 0.0% |
| Issued capital | 100 | €6,300,000 | €6,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,778,562 | -€2,027,426 | -€248,864 | -14.0% |
| Amounts payable | 17/49 | €1,291,883 | €1,199,694 | -€92,189 | -7.1% |
| Amounts payable after more than one year | 17 | €227,836 | €215,320 | -€12,516 | -5.5% |
| Financial debts | 170/4 | €227,836 | €215,320 | -€12,516 | -5.5% |
| Amounts payable within one year | 42/48 | €1,064,047 | €984,374 | -€79,673 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €11,947 | €12,516 | +€569 | +4.8% |
| Trade debts | 44 | €288,925 | €499,395 | +€210,470 | +72.8% |
| Suppliers | 440/4 | €288,925 | €499,395 | +€210,470 | +72.8% |
| Advances received on contracts in progress | 46 | €29,541 | €40,335 | +€10,794 | +36.5% |
| Taxes, remuneration and social security | 45 | €67,635 | €36,930 | -€30,705 | -45.4% |
| Taxes | 450/3 | €49,840 | €17,587 | -€32,253 | -64.7% |
| Remuneration and social security | 454/9 | €17,795 | €19,343 | +€1,548 | +8.7% |
| Other amounts payable | 47/48 | €665,999 | €395,198 | -€270,801 | -40.7% |
| Turnover | 70 | €1,949,114 | €2,105,786 | +€156,672 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,252,427 | €1,569,813 | +€317,386 | +25.3% |
| Remuneration, social security and pensions | 62 | €449,115 | €362,794 | -€86,321 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,018 | €330,405 | +€6,387 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,369 | - | -€1,369 | |
| Other operating charges | 640/8 | €103,250 | €83,456 | -€19,794 | -19.2% |
| Non-recurring operating charges | 66A | €3,253 | €495 | -€2,758 | -84.8% |
| Gross operating margin | 9900 | €716,067 | €550,197 | -€165,870 | -23.2% |
| Operating profit (loss) | 9901 | -€164,938 | -€226,953 | -€62,015 | -37.6% |
| Financial income | 75/76B | €63,807 | €8,714 | -€55,093 | -86.3% |
| Recurring financial income | 75 | €63,807 | €2,949 | -€60,858 | -95.4% |
| Non-recurring financial income | 76B | - | €5,765 | +€5,765 | |
| Financial charges | 65/66B | €103,664 | €30,625 | -€73,039 | -70.5% |
| Recurring financial charges | 65 | €103,664 | €30,625 | -€73,039 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | -€204,795 | -€248,864 | -€44,069 | -21.5% |
| Profit (loss) for the period | 9904 | -€204,795 | -€248,864 | -€44,069 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,795 | -€248,864 | -€44,069 | -21.5% |
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 23 October 2026 via checked.be.