STILTEHOEVE: what changed
Two fiscal 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
STILTEHOEVE
NACE 55.204, Guest rooms (bed and breakfast)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€99,971
2024 · -€104,999+€5,028
Equity
-€1.2m
2024 · -€1.1m-€124,098
Cash
€193
2024 · €5,568-€5,375
Balance sheet total
€1.8m
2024 · €1.9m-€99,744
Largest movements
Assets
- Tangible fixed assets -€102,451
down €102,451 (-5.4%), from €1.9m to €1.8m
of which Land and buildings: -€101,674
Equity and liabilities
- Profit (loss) carried forward -€99,971
down €99,971 (-6.5%), from -€1.5m to -€1.6m
- Debts within one year +€24,354
up €24,354 (+57.4%), from €42,415 to €66,769
- Investment grants -€24,127
down €24,127 (-5.8%), from €415,112 to €390,985
Income statement
- Depreciation -€22,923
down €22,923 (-18.3%), from €125,374 to €102,451
- Gross operating margin -€17,486
down €17,486 (-57.7%), from €30,318 to €12,832
- Purchases and services +€16,904
up €16,904 (+153.5%), from €11,011 to €27,916
- Other operating charges +€625
up €625 (+6.5%), from €9,584 to €10,209
- Turnover -€582
down €582 (-3.4%), from €17,202 to €16,620
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
-€104,999
Gross operating margin
-€17,486
Depreciation
+€22,923
Other operating charges
-€625
Other operating items
-€41
Financial income
+€157
Financial charges
+€100
Result 2025
-€99,971
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
+€18,752
Investment
€0
Financing
-€24,127
Cash 2024
€5,568
From operations (derived)
+€18,752
Net result for the year
-€99,971
Depreciation
+€102,451
Receivables within one year
-€8,081
Debts within one year
+€24,354
Financing
-€24,127
Contributions, distributions and other
-€24,127
Cash 2025
€193
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,930,825 | €1,831,081 | -€99,744 | -5.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,899,508 | €1,797,057 | -€102,451 | -5.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,899,508 | €1,797,057 | -€102,451 | -5.4% |
| Land and buildings | 22 | €1,898,731 | €1,797,057 | -€101,674 | -5.4% |
| Plant, machinery and equipment | 23 | €631 | €0 | -€631 | -100.0% |
| Furniture and vehicles | 24 | €145 | €0 | -€145 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €31,318 | €34,024 | +€2,706 | +8.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,750 | €33,831 | +€8,081 | +31.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,750 | €33,831 | +€8,081 | +31.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,568 | €193 | -€5,375 | -96.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,930,825 | €1,831,081 | -€99,744 | -5.2% |
| Equity | 10/15 | -€1,111,590 | -€1,235,688 | -€124,098 | -11.2% |
| Contributions | 10/11 | €191 | €191 | = | 0.0% |
| Capital | 10 | €191 | €191 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,526,893 | -€1,626,864 | -€99,971 | -6.5% |
| Investment grants | 15 | €415,112 | €390,985 | -€24,127 | -5.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €3,042,415 | €3,066,769 | +€24,354 | +0.8% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,415 | €66,769 | +€24,354 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €11,652 | €5,204 | -€6,448 | -55.3% |
| Suppliers | 440/4 | €11,652 | €5,204 | -€6,448 | -55.3% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Turnover | 70 | €17,202 | €16,620 | -€582 | -3.4% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,011 | €27,916 | +€16,904 | +153.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,374 | €102,451 | -€22,923 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,584 | €10,209 | +€625 | +6.5% |
| Non-recurring operating charges | 66A | €0 | €41 | +€41 | |
| Gross operating margin | 9900 | €30,318 | €12,832 | -€17,486 | -57.7% |
| Operating profit (loss) | 9901 | -€104,640 | -€99,868 | +€4,771 | +4.6% |
| Financial income | 75/76B | €0 | €157 | +€157 | +36518.6% |
| Recurring financial income | 75 | €0 | €157 | +€157 | +36518.6% |
| Financial charges | 65/66B | €360 | €260 | -€100 | -27.7% |
| Recurring financial charges | 65 | €360 | €260 | -€100 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€104,999 | -€99,971 | +€5,028 | +4.8% |
| Profit (loss) for the period | 9904 | -€104,999 | -€99,971 | +€5,028 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,999 | -€99,971 | +€5,028 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.