RESTOTEL: 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
RESTOTEL
NACE 55.100, Hotels and similar accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€374,129
2024 · -€731,587+€357,457
Equity
€2.7m
2024 · €3.0m-€374,129
Cash
€397,311
2024 · €351,679+€45,632
Balance sheet total
€3.9m
2024 · €4.6m-€667,809
Largest movements
Assets
- Tangible fixed assets -€357,694
down €357,694 (-26.2%), from €1.4m to €1.0m
of which Other tangible fixed assets: -€193,651
- Receivables within one year -€315,387
down €315,387 (-11.9%), from €2.6m to €2.3m
of which Other amounts receivable: -€391,413
Equity and liabilities
- Profit (loss) carried forward -€374,129
down €374,129 (-29.0%), from €1.3m to €917,560
- Trade debts -€371,653
down €371,653 (-29.5%), from €1.3m to €887,347
- Advances received +€55,844
up €55,844 (+67.8%), from €82,355 to €138,199
- Accrued charges and deferred income +€50,504
up €50,504 (+2001.1%), from €2,524 to €53,028
Income statement
- Gross operating margin +€286,984
up €286,984 (+13.6%), from €2.1m to €2.4m
- Staff costs -€50,907
down €50,907 (-2.2%), from €2.3m to €2.3m
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
-€731,587
Gross operating margin
+€286,984
Staff costs
+€50,907
Depreciation
+€13,875
Other operating charges
+€4,341
Financial charges
+€1,326
Taxes
+€25
Result 2025
-€374,129
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
+€45,632
Investment
€0
Financing
€0
Cash 2024
€351,679
From operations (derived)
+€45,632
Net result for the year
-€374,129
Depreciation
+€364,326
Stocks and contracts
+€17,331
Receivables within one year
+€315,387
Deferred charges and accrued income
+€16,398
Trade debts
-€371,653
Tax, wage and social debts
-€28,374
Advances received
+€55,844
Accrued charges and deferred income
+€50,504
Cash 2025
€397,311
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,581,196 | €3,913,387 | -€667,809 | -14.6% |
| Fixed assets | 21/28 | €1,385,734 | €1,021,407 | -€364,326 | -26.3% |
| Intangible fixed assets | 21 | €20,831 | €14,199 | -€6,632 | -31.8% |
| Tangible fixed assets | 22/27 | €1,364,463 | €1,006,769 | -€357,694 | -26.2% |
| Land and buildings | 22 | €113,240 | €93,181 | -€20,059 | -17.7% |
| Plant, machinery and equipment | 23 | €387,727 | €298,100 | -€89,626 | -23.1% |
| Furniture and vehicles | 24 | €271,801 | €217,442 | -€54,358 | -20.0% |
| Other tangible fixed assets | 26 | €201,306 | €7,656 | -€193,651 | -96.2% |
| Assets under construction and advance payments | 27 | €390,389 | €390,389 | = | 0.0% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €3,195,462 | €2,891,979 | -€303,483 | -9.5% |
| Stocks and contracts in progress | 3 | €81,737 | €64,407 | -€17,331 | -21.2% |
| Stocks | 30/36 | €81,737 | €64,407 | -€17,331 | -21.2% |
| Amounts receivable within one year | 40/41 | €2,648,840 | €2,333,453 | -€315,387 | -11.9% |
| Trade receivables | 40 | €155,801 | €231,827 | +€76,026 | +48.8% |
| Other amounts receivable | 41 | €2,493,039 | €2,101,626 | -€391,413 | -15.7% |
| Cash at bank and in hand | 54/58 | €351,679 | €397,311 | +€45,632 | +13.0% |
| Deferred charges and accrued income | 490/1 | €113,206 | €96,808 | -€16,398 | -14.5% |
| Total equity and liabilities | 10/49 | €4,581,196 | €3,913,387 | -€667,809 | -14.6% |
| Equity | 10/15 | €3,034,581 | €2,660,451 | -€374,129 | -12.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €242,891 | €242,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,823 | €20,823 | = | 0.0% |
| Distributable reserves | 133 | €72,068 | €72,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,291,690 | €917,560 | -€374,129 | -29.0% |
| Amounts payable | 17/49 | €1,546,615 | €1,252,935 | -€293,680 | -19.0% |
| Amounts payable within one year | 42/48 | €1,544,091 | €1,199,908 | -€344,183 | -22.3% |
| Trade debts | 44 | €1,259,000 | €887,347 | -€371,653 | -29.5% |
| Suppliers | 440/4 | €1,259,000 | €887,347 | -€371,653 | -29.5% |
| Advances received on contracts in progress | 46 | €82,355 | €138,199 | +€55,844 | +67.8% |
| Taxes, remuneration and social security | 45 | €198,580 | €170,207 | -€28,374 | -14.3% |
| Taxes | 450/3 | €1,845 | €1,588 | -€256 | -13.9% |
| Remuneration and social security | 454/9 | €196,736 | €168,618 | -€28,117 | -14.3% |
| Other amounts payable | 47/48 | €4,155 | €4,155 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,524 | €53,028 | +€50,504 | +2001.1% |
| Remuneration, social security and pensions | 62 | €2,316,897 | €2,265,990 | -€50,907 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,201 | €364,326 | -€13,875 | -3.7% |
| Other operating charges | 640/8 | €139,672 | €135,331 | -€4,341 | -3.1% |
| Gross operating margin | 9900 | €2,110,563 | €2,397,546 | +€286,984 | +13.6% |
| Operating profit (loss) | 9901 | -€724,207 | -€368,101 | +€356,106 | +49.2% |
| Financial charges | 65/66B | €5,535 | €4,209 | -€1,326 | -24.0% |
| Recurring financial charges | 65 | €5,535 | €4,209 | -€1,326 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€729,742 | -€372,310 | +€357,432 | +49.0% |
| Income taxes | 67/77 | €1,845 | €1,820 | -€25 | -1.4% |
| Profit (loss) for the period | 9904 | -€731,587 | -€374,129 | +€357,457 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€731,587 | -€374,129 | +€357,457 | +48.9% |
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 12 October 2026 via checked.be.