STRAND HOTEL: 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.
STRAND HOTEL
Largest movements
- Tangible fixed assets +€264,219
up €264,219 (+28.7%), from €921,963 to €1.2m
of which Land and buildings: +€278,419
- Cash +€103,262
up €103,262 (+25.1%), from €411,805 to €515,067
mainly Net result for the year (+€158,792) and Depreciation (+€152,126)
- Receivables within one year -€28,849
down €28,849 (-32.3%), from €89,252 to €60,403
of which Other amounts receivable: -€26,082
- Reserves +€157,959
up €157,959 (+53.0%), from €298,107 to €456,066
- Debts after one year +€128,612
up €128,612 (+41.6%), from €309,320 to €437,933
- Tax, wage and social debts +€86,443
up €86,443 (+189%), from €45,743 to €132,186
of which Taxes: +€47,654
- Other debts -€32,673
down €32,673 (-11.5%), from €284,404 to €251,730
- Trade debts -€20,877
down €20,877 (-25.8%), from €80,766 to €59,890
- Gross operating margin +€391,519
up €391,519 (+70.1%), from €558,387 to €949,905
- Staff costs +€193,049
up €193,049 (+56.0%), from €344,587 to €537,635
- Depreciation +€58,154
up €58,154 (+61.9%), from €93,973 to €152,126
- Taxes +€48,032
up €48,032 (+268%), from €17,904 to €65,936
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,445,845 | €1,782,712 | +€336,868 | +23.3% |
| Formation expenses | 20 | €3,966 | €2,974 | -€991 | -25.0% |
| Fixed assets | 21/28 | €929,664 | €1,193,408 | +€263,744 | +28.4% |
| Intangible fixed assets | 21 | €2,095 | €1,620 | -€475 | -22.7% |
| Tangible fixed assets | 22/27 | €921,963 | €1,186,182 | +€264,219 | +28.7% |
| Land and buildings | 22 | €768,431 | €1,046,850 | +€278,419 | +36.2% |
| Plant, machinery and equipment | 23 | €108,245 | €106,661 | -€1,584 | -1.5% |
| Furniture and vehicles | 24 | €45,287 | €32,670 | -€12,617 | -27.9% |
| Financial fixed assets | 28 | €5,606 | €5,606 | = | 0.0% |
| Current assets | 29/58 | €512,215 | €586,330 | +€74,115 | +14.5% |
| Stocks and contracts in progress | 3 | €4,110 | €3,500 | -€610 | -14.8% |
| Stocks | 30/36 | €4,110 | €3,500 | -€610 | -14.8% |
| Amounts receivable within one year | 40/41 | €89,252 | €60,403 | -€28,849 | -32.3% |
| Trade receivables | 40 | €53,566 | €50,798 | -€2,767 | -5.2% |
| Other amounts receivable | 41 | €35,687 | €9,605 | -€26,082 | -73.1% |
| Cash at bank and in hand | 54/58 | €411,805 | €515,067 | +€103,262 | +25.1% |
| Deferred charges and accrued income | 490/1 | €7,048 | €7,361 | +€312 | +4.4% |
| Total equity and liabilities | 10/49 | €1,445,845 | €1,782,712 | +€336,868 | +23.3% |
| Equity | 10/15 | €675,664 | €833,624 | +€157,959 | +23.4% |
| Contributions | 10/11 | €377,558 | €377,558 | = | 0.0% |
| Reserves | 13 | €298,107 | €456,066 | +€157,959 | +53.0% |
| Distributable reserves | 133 | €298,107 | €456,066 | +€157,959 | +53.0% |
| Amounts payable | 17/49 | €770,180 | €949,089 | +€178,908 | +23.2% |
| Amounts payable after more than one year | 17 | €309,320 | €437,933 | +€128,612 | +41.6% |
| Financial debts | 170/4 | €309,320 | €437,933 | +€128,612 | +41.6% |
| Amounts payable within one year | 42/48 | €460,860 | €511,156 | +€50,296 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €43,280 | €60,683 | +€17,403 | +40.2% |
| Financial debts | 43 | €6,667 | €6,667 | = | 0.0% |
| Credit institutions | 430/8 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €80,766 | €59,890 | -€20,877 | -25.8% |
| Suppliers | 440/4 | €80,766 | €59,890 | -€20,877 | -25.8% |
| Taxes, remuneration and social security | 45 | €45,743 | €132,186 | +€86,443 | +189% |
| Taxes | 450/3 | €9,065 | €56,719 | +€47,654 | +526% |
| Remuneration and social security | 454/9 | €36,678 | €75,467 | +€38,789 | +106% |
| Other amounts payable | 47/48 | €284,404 | €251,730 | -€32,673 | -11.5% |
| Remuneration, social security and pensions | 62 | €344,587 | €537,635 | +€193,049 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,973 | €152,126 | +€58,154 | +61.9% |
| Other operating charges | 640/8 | €17,342 | €17,755 | +€413 | +2.4% |
| Gross operating margin | 9900 | €558,387 | €949,905 | +€391,519 | +70.1% |
| Operating profit (loss) | 9901 | €102,486 | €242,389 | +€139,903 | +137% |
| Financial income | 75/76B | €1,328 | €1,630 | +€302 | +22.8% |
| Recurring financial income | 75 | €1,328 | €1,630 | +€302 | +22.8% |
| Financial charges | 65/66B | €15,807 | €19,291 | +€3,484 | +22.0% |
| Recurring financial charges | 65 | €15,807 | €19,291 | +€3,484 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €88,006 | €224,728 | +€136,722 | +155% |
| Income taxes | 67/77 | €17,904 | €65,936 | +€48,032 | +268% |
| Profit (loss) for the period | 9904 | €70,102 | €158,792 | +€88,690 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €70,102 | €158,792 | +€88,690 | +127% |
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 27 October 2026 via checked.be.