QUARTIER LATIN: 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
QUARTIER LATIN
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€226,458
2024 · €36,175+€190,283
Equity
€5.1m
2024 · €4.9m+€215,346
Cash
€386,770
2024 · €616,711-€229,941
Balance sheet total
€6.7m
2024 · €6.7m+€51,123
Largest movements
Assets
- Cash -€229,941
down €229,941 (-37.3%), from €616,711 to €386,770
mainly Investment in fixed assets (net) (-€579,980) and Trade debts (-€183,831)
- Current investments +€180,000
up €180,000 (+15.1%), from €1.2m to €1.4m
- Receivables within one year +€107,499
up €107,499 (+103%), from €104,781 to €212,280
of which Trade receivables: +€107,914
Equity and liabilities
- Reserves +€225,615
up €225,615 (+9.0%), from €2.5m to €2.7m
of which Distributable reserves: +€311,040
- Trade debts -€183,831
down €183,831 (-37.4%), from €491,898 to €308,067
- Tax, wage and social debts -€147,226
down €147,226 (-21.2%), from €694,937 to €547,711
of which Remuneration and social security: -€88,450
- Accrued charges and deferred income +€100,189
up €100,189 (+698%), from €14,363 to €114,552
- Advances received +€88,044
up €88,044 (+20.5%), from €429,875 to €517,919
Income statement
- Turnover +€146,810
up €146,810 (+2.1%), from €7.1m to €7.2m
- Services and other goods -€102,858
down €102,858 (-6.5%), from €1.6m to €1.5m
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
€36,175
Turnover
+€146,810
Other operating income
+€45,237
Goods and materials
-€38,504
Services and other goods
+€102,858
Staff costs
-€31,023
Depreciation
-€47,079
Provisions
-€23,636
Other operating charges
-€10,187
Other operating items
+€19,013
Financial income
-€12,921
Financial charges
-€280
Taxes
+€47,043
Deferred taxes and other
-€7,047
Result 2025
€226,458
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
+€541,151
Investment
-€759,980
Financing
-€11,112
Cash 2024
€616,711
From operations (derived)
+€541,151
Net result for the year
+€226,458
Depreciation
+€607,022
Stocks and contracts
-€12,044
Receivables within one year
-€107,499
Deferred charges and accrued income
-€8,563
Provisions
-€20,992
Trade debts
-€183,831
Tax, wage and social debts
-€147,226
Advances received
+€88,044
Other debts
-€407
Accrued charges and deferred income
+€100,189
Investment (derived)
-€759,980
Investment in fixed assets (net)
-€579,980
Current investments
-€180,000
Financing
-€11,112
Contributions, distributions and other
-€11,112
Cash 2025
€386,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,676,471 | €6,727,594 | +€51,123 | +0.8% |
| Fixed assets | 21/28 | €4,539,096 | €4,512,053 | -€27,042 | -0.6% |
| Intangible fixed assets | 21 | €35,173 | €30,129 | -€5,044 | -14.3% |
| Tangible fixed assets | 22/27 | €4,503,389 | €4,481,390 | -€21,999 | -0.5% |
| Land and buildings | 22 | €3,317,809 | €3,204,109 | -€113,700 | -3.4% |
| Plant, machinery and equipment | 23 | €770,332 | €748,645 | -€21,688 | -2.8% |
| Furniture and vehicles | 24 | €415,247 | €528,636 | +€113,389 | +27.3% |
| Financial fixed assets | 28 | €534 | €534 | = | 0.0% |
| Other financial fixed assets | 284/8 | €534 | €534 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €534 | €534 | = | 0.0% |
| Current assets | 29/58 | €2,137,375 | €2,215,540 | +€78,165 | +3.7% |
| Stocks and contracts in progress | 3 | €188,754 | €200,799 | +€12,044 | +6.4% |
| Stocks | 30/36 | €188,754 | €200,799 | +€12,044 | +6.4% |
| Raw materials and consumables | 30/31 | €121,731 | €122,806 | +€1,076 | +0.9% |
| Goods purchased for resale | 34 | €67,024 | €77,992 | +€10,969 | +16.4% |
| Amounts receivable within one year | 40/41 | €104,781 | €212,280 | +€107,499 | +103% |
| Trade receivables | 40 | €63,889 | €171,803 | +€107,914 | +169% |
| Other amounts receivable | 41 | €40,892 | €40,477 | -€415 | -1.0% |
| Current investments | 50/53 | €1,195,000 | €1,375,000 | +€180,000 | +15.1% |
| Other investments | 51/53 | €1,195,000 | €1,375,000 | +€180,000 | +15.1% |
| Cash at bank and in hand | 54/58 | €616,711 | €386,770 | -€229,941 | -37.3% |
| Deferred charges and accrued income | 490/1 | €32,129 | €40,692 | +€8,563 | +26.7% |
| Total equity and liabilities | 10/49 | €6,676,471 | €6,727,594 | +€51,123 | +0.8% |
| Equity | 10/15 | €4,927,950 | €5,143,297 | +€215,346 | +4.4% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Capital | 10 | €2,100,000 | €2,100,000 | = | 0.0% |
| Issued capital | 100 | €2,100,000 | €2,100,000 | = | 0.0% |
| Reserves | 13 | €2,498,682 | €2,724,297 | +€225,615 | +9.0% |
| Non-distributable reserves | 130/1 | €148,400 | €162,400 | +€14,000 | +9.4% |
| Legal reserve | 130 | €148,400 | €162,400 | +€14,000 | +9.4% |
| Tax-exempt reserves | 132 | €143,542 | €44,117 | -€99,425 | -69.3% |
| Distributable reserves | 133 | €2,206,740 | €2,517,780 | +€311,040 | +14.1% |
| Profit (loss) carried forward | 14 | €6,854 | €7,697 | +€843 | +12.3% |
| Investment grants | 15 | €322,415 | €311,303 | -€11,112 | -3.4% |
| Provisions and deferred taxes | 16 | €113,208 | €92,216 | -€20,992 | -18.5% |
| Provisions for liabilities and charges | 160/5 | €69,543 | €45,155 | -€24,388 | -35.1% |
| Major repairs and maintenance | 162 | €24,388 | - | -€24,388 | |
| Other liabilities and charges | 164/5 | €45,155 | €45,155 | = | 0.0% |
| Deferred taxes | 168 | €43,665 | €47,062 | +€3,396 | +7.8% |
| Amounts payable | 17/49 | €1,635,312 | €1,492,080 | -€143,232 | -8.8% |
| Amounts payable within one year | 42/48 | €1,620,949 | €1,377,528 | -€243,421 | -15.0% |
| Trade debts | 44 | €491,898 | €308,067 | -€183,831 | -37.4% |
| Suppliers | 440/4 | €491,898 | €308,067 | -€183,831 | -37.4% |
| Advances received on contracts in progress | 46 | €429,875 | €517,919 | +€88,044 | +20.5% |
| Taxes, remuneration and social security | 45 | €694,937 | €547,711 | -€147,226 | -21.2% |
| Taxes | 450/3 | €150,890 | €92,115 | -€58,775 | -39.0% |
| Remuneration and social security | 454/9 | €544,047 | €455,596 | -€88,450 | -16.3% |
| Other amounts payable | 47/48 | €4,239 | €3,832 | -€407 | -9.6% |
| Accrued charges and deferred income | 492/3 | €14,363 | €114,552 | +€100,189 | +698% |
| Operating income | 70/76A | €7,168,886 | €7,379,946 | +€211,060 | +2.9% |
| Turnover | 70 | €7,092,150 | €7,238,960 | +€146,810 | +2.1% |
| Other operating income | 74 | €76,736 | €121,973 | +€45,237 | +59.0% |
| Non-recurring operating income | 76A | - | €19,013 | +€19,013 | |
| Operating charges | 60/66A | €7,098,080 | €7,145,652 | +€47,571 | +0.7% |
| Goods for resale, raw materials and consumables | 60 | €1,609,241 | €1,647,745 | +€38,504 | +2.4% |
| Purchases | 600/8 | €1,607,912 | €1,659,789 | +€51,877 | +3.2% |
| Change in stocks: decrease (increase) | 609 | €1,329 | -€12,044 | -€13,373 | |
| Services and other goods | 61 | €1,575,271 | €1,472,413 | -€102,858 | -6.5% |
| Remuneration, social security and pensions | 62 | €3,343,997 | €3,375,020 | +€31,023 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559,944 | €607,022 | +€47,079 | +8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,024 | -€24,388 | +€23,636 | +49.2% |
| Other operating charges | 640/8 | €57,652 | €67,839 | +€10,187 | +17.7% |
| Operating profit (loss) | 9901 | €70,806 | €234,294 | +€163,489 | +231% |
| Financial income | 75/76B | €96,909 | €83,988 | -€12,921 | -13.3% |
| Recurring financial income | 75 | €96,909 | €83,988 | -€12,921 | -13.3% |
| Income from current assets | 751 | €24,012 | €24,599 | +€586 | +2.4% |
| Other financial income | 752/9 | €72,897 | €59,389 | -€13,508 | -18.5% |
| Financial charges | 65/66B | €31,055 | €31,335 | +€280 | +0.9% |
| Recurring financial charges | 65 | €31,055 | €31,335 | +€280 | +0.9% |
| Debt charges | 650 | €21 | €233 | +€212 | +1,007% |
| Other financial charges | 652/9 | €31,034 | €31,102 | +€68 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €136,660 | €286,947 | +€150,288 | +110% |
| Transfer from deferred taxes | 780 | €13,373 | €11,079 | -€2,294 | -17.2% |
| Transfer to deferred taxes | 680 | - | €4,753 | +€4,753 | |
| Income taxes | 67/77 | €113,858 | €66,815 | -€47,043 | -41.3% |
| Taxes | 670/3 | €113,858 | €82,160 | -€31,697 | -27.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €15,346 | +€15,346 | |
| Profit (loss) for the period | 9904 | €36,175 | €226,458 | +€190,283 | +526% |
| Transfer from tax-exempt reserves | 789 | €183,044 | €113,685 | -€69,359 | -37.9% |
| Transfer to tax-exempt reserves | 689 | €0 | €14,260 | +€14,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,218 | €325,883 | +€106,665 | +48.7% |
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 17 October 2026 via checked.be.