R HOTEL EXPERIENCES: what changed
What changed
R HOTEL EXPERIENCES
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€596,682
2024 · -€304,480-€292,202
Equity
-€675,638
2024 · -€120,299-€555,339
Cash
€587,227
2024 · €345,650+€241,577
Balance sheet total
€9.8m
2024 · €10.3m-€428,585
Largest movements
Assets
- Tangible fixed assets -€463,032
down €463,032 (-4.9%), from €9.4m to €9.0m
of which Land and buildings: -€412,698
- Cash +€241,577
up €241,577 (+69.9%), from €345,650 to €587,227
mainly Short-term financial debts (+€1.3m) and Depreciation (+€505,233)
- Receivables within one year -€122,515
down €122,515 (-44.9%), from €273,033 to €150,518
of which Other amounts receivable: -€134,467
Equity and liabilities
- Short-term financial debts +€1.3m
up €1.3m (+260%), from €500,000 to €1.8m
of which Credit institutions: +€900,000
- Profit (loss) carried forward -€596,682
down €596,682 (-12.3%), from -€4.9m to -€5.4m
- Debts after one year -€570,071
down €570,071 (-8.5%), from €6.7m to €6.1m
of which Financial debts: -€2.7m
- Other debts -€400,000
down €400,000 (-100%), from €400,000 to €0
- Trade debts -€259,312
down €259,312 (-24.3%), from €1.1m to €807,616
Income statement
- Staff costs +€2.1m
new in 2025: €2.1m
- Gross operating margin +€1.7m
up €1.7m (+291%), from €592,930 to €2.3m
- Financial charges -€50,231
down €50,231 (-14.7%), from €342,841 to €292,610
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€304,480
Gross operating margin
+€1.7m
Staff costs
-€2.1m
Depreciation
+€9,247
Other operating charges
-€14,523
Other operating items
-€18,121
Financial income
+€6,267
Financial charges
+€50,231
Taxes
-€88
Result 2025
-€596,682
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€478,817
Investment
-€14,576
Financing
+€734,970
Cash 2024
€345,650
From operations (derived)
-€478,817
Net result for the year
-€596,682
Depreciation
+€505,233
Stocks and contracts
+€11,757
Receivables within one year
+€122,515
Deferred charges and accrued income
+€45,233
Trade debts
-€259,312
Tax, wage and social debts
-€107,136
Advances received
+€134,760
Other debts
-€400,000
Accrued charges and deferred income
+€64,816
Investment (derived)
-€14,576
Investment in fixed assets (net)
-€14,576
Financing
+€734,970
Debts after one year
-€570,071
Current portion of long-term debt
-€36,302
Short-term financial debts
+€1.3m
Contributions, distributions and other
+€41,343
Cash 2025
€587,227
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,277,718 | €9,849,133 | -€428,585 | -4.2% |
| Formation expenses | 20 | €66,637 | €46,448 | -€20,189 | -30.3% |
| Fixed assets | 21/28 | €9,446,486 | €8,976,018 | -€470,468 | -5.0% |
| Intangible fixed assets | 21 | €20,795 | €13,359 | -€7,436 | -35.8% |
| Tangible fixed assets | 22/27 | €9,424,641 | €8,961,609 | -€463,032 | -4.9% |
| Land and buildings | 22 | €9,284,670 | €8,871,971 | -€412,698 | -4.4% |
| Plant, machinery and equipment | 23 | €128,071 | €75,309 | -€52,762 | -41.2% |
| Furniture and vehicles | 24 | €11,901 | €14,329 | +€2,428 | +20.4% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €764,595 | €826,666 | +€62,072 | +8.1% |
| Stocks and contracts in progress | 3 | €72,106 | €60,349 | -€11,757 | -16.3% |
| Stocks | 30/36 | €72,106 | €60,349 | -€11,757 | -16.3% |
| Amounts receivable within one year | 40/41 | €273,033 | €150,518 | -€122,515 | -44.9% |
| Trade receivables | 40 | €138,566 | €150,518 | +€11,952 | +8.6% |
| Other amounts receivable | 41 | €134,467 | €0 | -€134,467 | -100% |
| Cash at bank and in hand | 54/58 | €345,650 | €587,227 | +€241,577 | +69.9% |
| Deferred charges and accrued income | 490/1 | €73,806 | €28,573 | -€45,233 | -61.3% |
| Total equity and liabilities | 10/49 | €10,277,718 | €9,849,133 | -€428,585 | -4.2% |
| Equity | 10/15 | -€120,299 | -€675,638 | -€555,339 | -462% |
| Contributions | 10/11 | €4,169,000 | €4,169,000 | = | 0.0% |
| Capital | 10 | €4,169,000 | €4,169,000 | = | 0.0% |
| Issued capital | 100 | €4,169,000 | €4,169,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,850,771 | -€5,447,453 | -€596,682 | -12.3% |
| Investment grants | 15 | €561,472 | €602,815 | +€41,343 | +7.4% |
| Amounts payable | 17/49 | €10,398,017 | €10,524,771 | +€126,754 | +1.2% |
| Amounts payable after more than one year | 17 | €6,701,707 | €6,131,635 | -€570,071 | -8.5% |
| Financial debts | 170/4 | €5,701,707 | €3,036,521 | -€2.7m | -46.7% |
| Trade debts | 175 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €2,095,114 | +€2.1m | |
| Amounts payable within one year | 42/48 | €3,358,423 | €3,990,432 | +€632,009 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €664,707 | €628,404 | -€36,302 | -5.5% |
| Financial debts | 43 | €500,000 | €1,800,000 | +€1.3m | +260% |
| Credit institutions | 430/8 | €500,000 | €1,400,000 | +€900,000 | +180% |
| Other loans | 439 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €1,066,929 | €807,616 | -€259,312 | -24.3% |
| Suppliers | 440/4 | €1,066,929 | €807,616 | -€259,312 | -24.3% |
| Advances received on contracts in progress | 46 | - | €134,760 | +€134,760 | |
| Taxes, remuneration and social security | 45 | €726,788 | €619,652 | -€107,136 | -14.7% |
| Taxes | 450/3 | €206,416 | €45,433 | -€160,983 | -78.0% |
| Remuneration and social security | 454/9 | €520,371 | €574,219 | +€53,848 | +10.3% |
| Other amounts payable | 47/48 | €400,000 | €0 | -€400,000 | -100% |
| Accrued charges and deferred income | 492/3 | €337,887 | €402,703 | +€64,816 | +19.2% |
| Non-recurring operating income | 76A | - | €539 | +€539 | |
| Remuneration, social security and pensions | 62 | - | €2,050,980 | +€2.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,479 | €505,233 | -€9,247 | -1.8% |
| Other operating charges | 640/8 | €80,974 | €95,497 | +€14,523 | +17.9% |
| Non-recurring operating charges | 66A | €1,230 | €19,351 | +€18,121 | +1,473% |
| Gross operating margin | 9900 | €592,930 | €2,318,695 | +€1.7m | +291% |
| Operating profit (loss) | 9901 | -€3,753 | -€352,365 | -€348,612 | -9,289% |
| Financial income | 75/76B | €42,659 | €48,926 | +€6,267 | +14.7% |
| Recurring financial income | 75 | €42,659 | €48,926 | +€6,267 | +14.7% |
| Financial charges | 65/66B | €342,841 | €292,610 | -€50,231 | -14.7% |
| Recurring financial charges | 65 | €342,841 | €292,610 | -€50,231 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€303,935 | -€596,049 | -€292,114 | -96.1% |
| Income taxes | 67/77 | €545 | €634 | +€88 | +16.2% |
| Profit (loss) for the period | 9904 | -€304,480 | -€596,682 | -€292,202 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€304,480 | -€596,682 | -€292,202 | -96.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.