TOP BEDFORD: 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
TOP BEDFORD
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.2m+€64,340
Equity
€15.0m
2024 · €23.7m-€8.8m
Cash
€1.2m
2024 · €450,524+€704,392
Balance sheet total
€29.2m
2024 · €27.8m+€1.3m
Largest movements
Assets
- Cash +€704,392
up €704,392 (+156%), from €450,524 to €1.2m
mainly Other debts (+€10.0m) and Depreciation (+€1.7m)
- Current investments +€408,796
up €408,796 (+2.9%), from €13.9m to €14.3m
- Receivables within one year +€304,053
up €304,053 (+65.9%), from €461,044 to €765,097
of which Trade receivables: +€276,232
Equity and liabilities
- Other debts +€10.0m
up €10.0m (+4,393,914%), from €228 to €10.0m
- Profit (loss) carried forward -€8.8m
down €8.8m (-68.5%), from €12.8m to €4.0m
Income statement
- Turnover +€957,007
up €957,007 (+6.5%), from €14.7m to €15.6m
- Services and other goods +€517,878
up €517,878 (+12.6%), from €4.1m to €4.6m
- Staff costs +€410,081
up €410,081 (+7.1%), from €5.8m to €6.2m
- Depreciation +€193,068
up €193,068 (+13.0%), from €1.5m to €1.7m
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
€1.2m
Turnover
+€957,007
Other operating income
+€55,220
Goods and materials
+€28,321
Services and other goods
-€517,878
Staff costs
-€410,081
Depreciation
-€193,068
Write-downs
-€31,306
Provisions
+€14,566
Other operating charges
-€6,585
Other operating items
-€6,481
Financial income
+€155,457
Financial charges
-€9,653
Taxes
+€28,821
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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
+€12.9m
Investment
-€2.2m
Financing
-€10.0m
Cash 2024
€450,524
From operations (derived)
+€12.9m
Net result for the year
+€1.2m
Depreciation
+€1.7m
Receivables within one year
-€304,053
Deferred charges and accrued income
+€199,142
Smaller working-capital items
-€37,700
Trade debts
+€124,513
Tax, wage and social debts
+€31,101
Advances received
-€44,784
Other debts
+€10.0m
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€1.8m
Current investments
-€408,796
Financing
-€10.0m
Contributions, distributions and other
-€10.0m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,841,227 | €29,162,274 | +€1.3m | +4.7% |
| Fixed assets | 21/28 | €12,674,850 | €12,777,798 | +€102,948 | +0.8% |
| Intangible fixed assets | 21 | €22,324 | €10,930 | -€11,394 | -51.0% |
| Tangible fixed assets | 22/27 | €12,652,391 | €12,666,733 | +€14,342 | +0.1% |
| Land and buildings | 22 | €10,835,493 | €11,161,293 | +€325,800 | +3.0% |
| Plant, machinery and equipment | 23 | €630,180 | €810,745 | +€180,565 | +28.7% |
| Furniture and vehicles | 24 | €885,857 | €684,078 | -€201,779 | -22.8% |
| Assets under construction and advance payments | 27 | €300,861 | €10,617 | -€290,244 | -96.5% |
| Financial fixed assets | 28 | €135 | €100,135 | +€100,000 | +74,074% |
| Other financial fixed assets | 284/8 | €135 | €100,135 | +€100,000 | +74,074% |
| Shares | 284 | - | €100,000 | +€100,000 | |
| Amounts receivable and cash guarantees | 285/8 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €15,166,377 | €16,384,476 | +€1.2m | +8.0% |
| Stocks and contracts in progress | 3 | €3,720 | €3,720 | = | 0.0% |
| Stocks | 30/36 | €3,720 | €3,720 | = | 0.0% |
| Goods purchased for resale | 34 | €3,720 | €3,720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €461,044 | €765,097 | +€304,053 | +65.9% |
| Trade receivables | 40 | €452,576 | €728,808 | +€276,232 | +61.0% |
| Other amounts receivable | 41 | €8,468 | €36,289 | +€27,821 | +329% |
| Current investments | 50/53 | €13,938,137 | €14,346,933 | +€408,796 | +2.9% |
| Other investments | 51/53 | €13,938,137 | €14,346,933 | +€408,796 | +2.9% |
| Cash at bank and in hand | 54/58 | €450,524 | €1,154,916 | +€704,392 | +156% |
| Deferred charges and accrued income | 490/1 | €312,952 | €113,810 | -€199,142 | -63.6% |
| Total equity and liabilities | 10/49 | €27,841,227 | €29,162,274 | +€1.3m | +4.7% |
| Equity | 10/15 | €23,742,114 | €14,971,906 | -€8.8m | -36.9% |
| Contributions | 10/11 | €9,330,000 | €9,330,000 | = | 0.0% |
| Capital | 10 | €9,330,000 | €9,330,000 | = | 0.0% |
| Issued capital | 100 | €9,330,000 | €9,330,000 | = | 0.0% |
| Reserves | 13 | €1,601,031 | €1,601,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €986,391 | €986,391 | = | 0.0% |
| Legal reserve | 130 | €933,000 | €933,000 | = | 0.0% |
| Other | 1319 | €53,391 | €53,391 | = | 0.0% |
| Tax-exempt reserves | 132 | €614,640 | €614,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,811,083 | €4,040,875 | -€8.8m | -68.5% |
| Provisions and deferred taxes | 16 | €24,173 | €0 | -€24,173 | -100% |
| Provisions for liabilities and charges | 160/5 | €24,173 | €0 | -€24,173 | -100% |
| Other liabilities and charges | 164/5 | €24,173 | €0 | -€24,173 | -100% |
| Amounts payable | 17/49 | €4,074,940 | €14,190,368 | +€10.1m | +248% |
| Amounts payable within one year | 42/48 | €3,594,062 | €13,723,017 | +€10.1m | +282% |
| Financial debts | 43 | €1,550,000 | €1,550,000 | = | 0.0% |
| Other loans | 439 | €1,550,000 | €1,550,000 | = | 0.0% |
| Trade debts | 44 | €968,161 | €1,092,674 | +€124,513 | +12.9% |
| Suppliers | 440/4 | €968,161 | €1,092,674 | +€124,513 | +12.9% |
| Advances received on contracts in progress | 46 | €431,242 | €386,458 | -€44,784 | -10.4% |
| Taxes, remuneration and social security | 45 | €644,431 | €675,532 | +€31,101 | +4.8% |
| Taxes | 450/3 | €183,238 | €186,363 | +€3,125 | +1.7% |
| Remuneration and social security | 454/9 | €461,193 | €489,169 | +€27,976 | +6.1% |
| Other amounts payable | 47/48 | €228 | €10,018,353 | +€10.0m | +4,393,914% |
| Accrued charges and deferred income | 492/3 | €480,878 | €467,351 | -€13,527 | -2.8% |
| Operating income | 70/76A | €14,964,960 | €15,970,706 | +€1.0m | +6.7% |
| Turnover | 70 | €14,654,566 | €15,611,573 | +€957,007 | +6.5% |
| Other operating income | 74 | €303,897 | €359,117 | +€55,220 | +18.2% |
| Non-recurring operating income | 76A | €6,497 | €16 | -€6,481 | -99.8% |
| Operating charges | 60/66A | €13,395,854 | €14,511,885 | +€1.1m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €1,285,424 | €1,257,103 | -€28,321 | -2.2% |
| Purchases | 600/8 | €1,287,069 | €1,257,103 | -€29,966 | -2.3% |
| Change in stocks: decrease (increase) | 609 | -€1,645 | €0 | +€1,645 | |
| Services and other goods | 61 | €4,105,883 | €4,623,761 | +€517,878 | +12.6% |
| Remuneration, social security and pensions | 62 | €5,811,805 | €6,221,886 | +€410,081 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482,157 | €1,675,225 | +€193,068 | +13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,306 | €0 | +€31,306 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,607 | -€24,173 | -€14,566 | -152% |
| Other operating charges | 640/8 | €751,498 | €758,083 | +€6,585 | +0.9% |
| Operating profit (loss) | 9901 | €1,569,106 | €1,458,821 | -€110,285 | -7.0% |
| Financial income | 75/76B | €303,861 | €459,318 | +€155,457 | +51.2% |
| Recurring financial income | 75 | €303,861 | €459,318 | +€155,457 | +51.2% |
| Income from financial fixed assets | 750 | €217,412 | €289,518 | +€72,106 | +33.2% |
| Income from current assets | 751 | €46,167 | €64,335 | +€18,168 | +39.4% |
| Other financial income | 752/9 | €40,282 | €105,465 | +€65,183 | +162% |
| Financial charges | 65/66B | €287,335 | €296,988 | +€9,653 | +3.4% |
| Recurring financial charges | 65 | €287,335 | €296,988 | +€9,653 | +3.4% |
| Debt charges | 650 | €56,901 | €57,040 | +€139 | +0.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€48,826 | -€173,476 | -€124,650 | -255% |
| Other financial charges | 652/9 | €279,260 | €413,424 | +€134,164 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,585,632 | €1,621,151 | +€35,519 | +2.2% |
| Income taxes | 67/77 | €420,180 | €391,359 | -€28,821 | -6.9% |
| Taxes | 670/3 | €420,180 | €431,583 | +€11,403 | +2.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €40,224 | +€40,224 | |
| Profit (loss) for the period | 9904 | €1,165,452 | €1,229,792 | +€64,340 | +5.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €744,452 | €1,229,792 | +€485,340 | +65.2% |
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 25 October 2026 via checked.be.