THR999: 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
THR999
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,216
2024 · -€14,626+€7,410
Equity
€162,756
2024 · €171,623-€8,867
Cash
€49,144
2024 · €46,953+€2,190
Balance sheet total
€193,053
2024 · €202,552-€9,499
Largest movements
Assets
- Tangible fixed assets -€10,862
down €10,862 (-7.4%), from €146,010 to €135,149
of which Land and buildings: -€9,983
- Cash +€2,190
up €2,190 (+4.7%), from €46,953 to €49,144
mainly Depreciation (+€11,833) and Advances received (+€625)
Equity and liabilities
- Profit (loss) carried forward -€7,216
down €7,216 (-16.8%), from €43,023 to €35,808
Income statement
- Turnover -€19,156
down €19,156 (-10.2%), from €187,811 to €168,655
- Purchases and services -€10,319
down €10,319 (-7.8%), from €132,528 to €122,209
- Staff costs -€6,011
down €6,011 (-10.8%), from €55,725 to €49,714
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
-€14,626
Gross operating margin
+€205
Staff costs
+€6,011
Depreciation
+€1,092
Other operating charges
-€132
Financial charges
-€10
Taxes
+€246
Result 2025
-€7,216
raises the resultlowers the result
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
+€4,814
Investment
-€972
Financing
-€1,651
Cash 2024
€46,953
From operations (derived)
+€4,814
Net result for the year
-€7,216
Depreciation
+€11,833
Stocks and contracts
+€217
Receivables within one year
+€340
Deferred charges and accrued income
+€270
Provisions
-€549
Trade debts
-€967
Tax, wage and social debts
+€209
Advances received
+€625
Other debts
+€50
Investment (derived)
-€972
Investment in fixed assets (net)
-€972
Financing
-€1,651
Contributions, distributions and other
-€1,651
Cash 2025
€49,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,552 | €193,053 | -€9,499 | -4.7% |
| Fixed assets | 21/28 | €147,797 | €136,936 | -€10,862 | -7.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €146,010 | €135,149 | -€10,862 | -7.4% |
| Land and buildings | 22 | €142,253 | €132,270 | -€9,983 | -7.0% |
| Plant, machinery and equipment | 23 | €3,757 | €2,879 | -€878 | -23.4% |
| Financial fixed assets | 28 | €1,787 | €1,787 | = | 0.0% |
| Current assets | 29/58 | €54,755 | €56,118 | +€1,363 | +2.5% |
| Stocks and contracts in progress | 3 | €6,379 | €6,162 | -€217 | -3.4% |
| Stocks | 30/36 | €6,379 | €6,162 | -€217 | -3.4% |
| Amounts receivable within one year | 40/41 | €711 | €371 | -€340 | -47.8% |
| Other amounts receivable | 41 | €711 | €371 | -€340 | -47.8% |
| Cash at bank and in hand | 54/58 | €46,953 | €49,144 | +€2,190 | +4.7% |
| Deferred charges and accrued income | 490/1 | €711 | €440 | -€270 | -38.0% |
| Total equity and liabilities | 10/49 | €202,552 | €193,053 | -€9,499 | -4.7% |
| Equity | 10/15 | €171,623 | €162,756 | -€8,867 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,185 | €102,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,325 | €15,325 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,023 | €35,808 | -€7,216 | -16.8% |
| Investment grants | 15 | €20,215 | €18,564 | -€1,651 | -8.2% |
| Provisions and deferred taxes | 16 | €6,731 | €6,182 | -€549 | -8.2% |
| Deferred taxes | 168 | €6,731 | €6,182 | -€549 | -8.2% |
| Amounts payable | 17/49 | €24,198 | €24,115 | -€83 | -0.3% |
| Amounts payable within one year | 42/48 | €24,198 | €24,115 | -€83 | -0.3% |
| Trade debts | 44 | €8,548 | €7,581 | -€967 | -11.3% |
| Suppliers | 440/4 | €8,548 | €7,581 | -€967 | -11.3% |
| Advances received on contracts in progress | 46 | €82 | €707 | +€625 | +763% |
| Taxes, remuneration and social security | 45 | €8,734 | €8,943 | +€209 | +2.4% |
| Taxes | 450/3 | €3,263 | €3,063 | -€200 | -6.1% |
| Remuneration and social security | 454/9 | €5,471 | €5,880 | +€408 | +7.5% |
| Other amounts payable | 47/48 | €6,834 | €6,884 | +€50 | +0.7% |
| Turnover | 70 | €187,811 | €168,655 | -€19,156 | -10.2% |
| Non-recurring operating income | 76A | - | €11,220 | +€11,220 | |
| Goods, raw materials, services and sundry goods | 60/61 | €132,528 | €122,209 | -€10,319 | -7.8% |
| Remuneration, social security and pensions | 62 | €55,725 | €49,714 | -€6,011 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,925 | €11,833 | -€1,092 | -8.4% |
| Other operating charges | 640/8 | €4,224 | €4,356 | +€132 | +3.1% |
| Gross operating margin | 9900 | €57,461 | €57,666 | +€205 | +0.4% |
| Operating profit (loss) | 9901 | -€15,413 | -€8,238 | +€7,176 | +46.6% |
| Financial income | 75/76B | €1,651 | €1,651 | = | 0.0% |
| Recurring financial income | 75 | €1,651 | €1,651 | = | 0.0% |
| Financial charges | 65/66B | €914 | €924 | +€10 | +1.1% |
| Recurring financial charges | 65 | €914 | €924 | +€10 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,676 | -€7,510 | +€7,166 | +48.8% |
| Transfer from deferred taxes | 780 | €550 | €549 | -€1 | -0.2% |
| Income taxes | 67/77 | €500 | €254 | -€246 | -49.1% |
| Profit (loss) for the period | 9904 | -€14,626 | -€7,216 | +€7,410 | +50.7% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,626 | -€7,216 | +€7,410 | +50.7% |
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 14 October 2026 via checked.be.