Tourotel: 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.
Tourotel
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+57.7%), from €3.2m to €5.1m
of which Assets under construction and advance payments: +€1.9m
- Receivables within one year -€1.3m
down €1.3m (-90.5%), from €1.4m to €132,220
of which Other amounts receivable: -€1.3m
- Other debts +€700,627
up €700,627 (+155%), from €451,577 to €1.2m
- Trade debts +€211,604
up €211,604 (+60.7%), from €348,529 to €560,133
- Debts after one year -€210,548
down €210,548 (-6.2%), from €3.4m to €3.2m
- Profit (loss) carried forward -€136,307
down €136,307 (-38.6%), from -€353,236 to -€489,543
- Current portion of long-term debt +€80,849
up €80,849 (+90.6%), from €89,275 to €170,124
- Gross operating margin -€38,250
down €38,250, from €10,762 to -€27,488
- Financial charges +€19,774
up €19,774 (+31.7%), from €62,332 to €82,106
- Depreciation +€320
up €320 (+1.8%), from €17,488 to €17,808
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 | €4,678,950 | €5,327,984 | +€649,033 | +13.9% |
| Fixed assets | 21/28 | €3,236,321 | €5,104,466 | +€1.9m | +57.7% |
| Tangible fixed assets | 22/27 | €3,236,321 | €5,104,466 | +€1.9m | +57.7% |
| Land and buildings | 22 | €1,119,151 | €1,116,510 | -€2,641 | -0.2% |
| Assets under construction and advance payments | 27 | €2,117,170 | €3,987,956 | +€1.9m | +88.4% |
| Current assets | 29/58 | €1,442,629 | €223,518 | -€1.2m | -84.5% |
| Amounts receivable within one year | 40/41 | €1,395,372 | €132,220 | -€1.3m | -90.5% |
| Trade receivables | 40 | €3,076 | €2,955 | -€122 | -4.0% |
| Other amounts receivable | 41 | €1,392,295 | €129,266 | -€1.3m | -90.7% |
| Cash at bank and in hand | 54/58 | €45,428 | €89,311 | +€43,882 | +96.6% |
| Deferred charges and accrued income | 490/1 | €1,829 | €1,987 | +€158 | +8.6% |
| Total equity and liabilities | 10/49 | €4,678,950 | €5,327,984 | +€649,033 | +13.9% |
| Equity | 10/15 | €415,192 | €278,885 | -€136,307 | -32.8% |
| Contributions | 10/11 | €748,592 | €748,592 | = | 0.0% |
| Reserves | 13 | €19,836 | €19,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €17,977 | €17,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€353,236 | -€489,543 | -€136,307 | -38.6% |
| Amounts payable | 17/49 | €4,263,758 | €5,049,098 | +€785,341 | +18.4% |
| Amounts payable after more than one year | 17 | €3,370,410 | €3,159,862 | -€210,548 | -6.2% |
| Financial debts | 170/4 | €3,370,410 | €3,159,862 | -€210,548 | -6.2% |
| Amounts payable within one year | 42/48 | €889,381 | €1,882,461 | +€993,080 | +112% |
| Current portion of amounts payable after more than one year | 42 | €89,275 | €170,124 | +€80,849 | +90.6% |
| Trade debts | 44 | €348,529 | €560,133 | +€211,604 | +60.7% |
| Suppliers | 440/4 | €348,529 | €560,133 | +€211,604 | +60.7% |
| Other amounts payable | 47/48 | €451,577 | €1,152,203 | +€700,627 | +155% |
| Accrued charges and deferred income | 492/3 | €3,967 | €6,776 | +€2,809 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,488 | €17,808 | +€320 | +1.8% |
| Other operating charges | 640/8 | €8,646 | €8,906 | +€260 | +3.0% |
| Gross operating margin | 9900 | €10,762 | -€27,488 | -€38,250 | |
| Operating profit (loss) | 9901 | -€15,372 | -€54,201 | -€38,830 | -253% |
| Financial charges | 65/66B | €62,332 | €82,106 | +€19,774 | +31.7% |
| Recurring financial charges | 65 | €62,332 | €82,106 | +€19,774 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€77,704 | -€136,307 | -€58,604 | -75.4% |
| Profit (loss) for the period | 9904 | -€77,704 | -€136,307 | -€58,604 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,704 | -€136,307 | -€58,604 | -75.4% |
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 22 October 2026 via checked.be.