WAVRE 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.
WAVRE HOTEL
Largest movements
- Tangible fixed assets -€181,637
down €181,637 (-11.9%), from €1.5m to €1.4m
of which Leasing and similar rights: -€102,348
- Cash +€84,540
up €84,540 (+248%), from €34,112 to €118,652
mainly Depreciation (+€229,083) and Trade debts (+€129,941)
- Receivables within one year +€33,032
up €33,032 (+71.1%), from €46,489 to €79,521
of which Trade receivables: +€31,349
- Trade debts +€129,941
up €129,941 (+117%), from €111,489 to €241,430
- Debts after one year -€110,357
down €110,357 (-17.5%), from €630,084 to €519,727
- Other debts -€91,138
down €91,138 (-6.6%), from €1.4m to €1.3m
- Profit (loss) carried forward +€20,787
up €20,787 (+2.2%), from -€924,517 to -€903,730
- Investment grants -€18,795
down €18,795 (-12.7%), from €147,597 to €128,802
- Financial charges -€25,848
down €25,848 (-31.6%), from €81,690 to €55,842
of which Financial charges: -€22,968
- Financial income +€18,637
up €18,637 (+98.9%), from €18,842 to €37,479
of which Non-recurring financial income: +€17,629
- Depreciation +€18,334
up €18,334 (+8.7%), from €210,749 to €229,083
- Turnover +€17,909
up €17,909 (+1.0%), from €1.8m to €1.8m
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 | €1,659,944 | €1,601,379 | -€58,565 | -3.5% |
| Fixed assets | 21/28 | €1,532,167 | €1,350,530 | -€181,637 | -11.9% |
| Tangible fixed assets | 22/27 | €1,532,167 | €1,350,530 | -€181,637 | -11.9% |
| Land and buildings | 22 | €766,478 | €693,516 | -€72,962 | -9.5% |
| Plant, machinery and equipment | 23 | €110,117 | €95,736 | -€14,381 | -13.1% |
| Furniture and vehicles | 24 | €4,914 | €12,968 | +€8,054 | +164% |
| Leasing and similar rights | 25 | €650,658 | €548,310 | -€102,348 | -15.7% |
| Current assets | 29/58 | €127,777 | €250,849 | +€123,072 | +96.3% |
| Stocks and contracts in progress | 3 | €10,465 | €10,102 | -€363 | -3.5% |
| Stocks | 30/36 | €10,465 | €10,102 | -€363 | -3.5% |
| Amounts receivable within one year | 40/41 | €46,489 | €79,521 | +€33,032 | +71.1% |
| Trade receivables | 40 | €46,489 | €77,838 | +€31,349 | +67.4% |
| Other amounts receivable | 41 | - | €1,683 | +€1,683 | |
| Cash at bank and in hand | 54/58 | €34,112 | €118,652 | +€84,540 | +248% |
| Deferred charges and accrued income | 490/1 | €36,711 | €42,574 | +€5,863 | +16.0% |
| Total equity and liabilities | 10/49 | €1,659,944 | €1,601,379 | -€58,565 | -3.5% |
| Equity | 10/15 | -€656,920 | -€654,928 | +€1,992 | +0.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€924,517 | -€903,730 | +€20,787 | +2.2% |
| Investment grants | 15 | €147,597 | €128,802 | -€18,795 | -12.7% |
| Amounts payable | 17/49 | €2,316,864 | €2,256,307 | -€60,557 | -2.6% |
| Amounts payable after more than one year | 17 | €630,084 | €519,727 | -€110,357 | -17.5% |
| Financial debts | 170/4 | €630,084 | €519,727 | -€110,357 | -17.5% |
| Amounts payable within one year | 42/48 | €1,686,780 | €1,736,580 | +€49,800 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €107,684 | €110,357 | +€2,673 | +2.5% |
| Trade debts | 44 | €111,489 | €241,430 | +€129,941 | +117% |
| Suppliers | 440/4 | €111,489 | €241,430 | +€129,941 | +117% |
| Advances received on contracts in progress | 46 | €14,238 | €11,271 | -€2,967 | -20.8% |
| Taxes, remuneration and social security | 45 | €71,038 | €82,329 | +€11,291 | +15.9% |
| Taxes | 450/3 | €16,501 | €15,217 | -€1,284 | -7.8% |
| Remuneration and social security | 454/9 | €54,537 | €67,112 | +€12,575 | +23.1% |
| Other amounts payable | 47/48 | €1,382,331 | €1,291,193 | -€91,138 | -6.6% |
| Turnover | 70 | €1,768,737 | €1,786,646 | +€17,909 | +1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €913,796 | €923,181 | +€9,385 | +1.0% |
| Remuneration, social security and pensions | 62 | €594,081 | €611,668 | +€17,587 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,749 | €229,083 | +€18,334 | +8.7% |
| Other operating charges | 640/8 | €46,936 | €48,901 | +€1,965 | +4.2% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Gross operating margin | 9900 | €940,672 | €929,380 | -€11,292 | -1.2% |
| Operating profit (loss) | 9901 | €88,906 | €39,562 | -€49,344 | -55.5% |
| Financial income | 75/76B | €18,842 | €37,479 | +€18,637 | +98.9% |
| Recurring financial income | 75 | €18,842 | €19,850 | +€1,008 | +5.3% |
| Non-recurring financial income | 76B | - | €17,629 | +€17,629 | |
| Financial charges | 65/66B | €81,690 | €55,842 | -€25,848 | -31.6% |
| Recurring financial charges | 65 | €78,810 | €55,842 | -€22,968 | -29.1% |
| Non-recurring financial charges | 66B | €2,880 | - | -€2,880 | |
| Profit (loss) for the period before taxes | 9903 | €26,058 | €21,199 | -€4,859 | -18.6% |
| Income taxes | 67/77 | €300 | €412 | +€112 | +37.3% |
| Profit (loss) for the period | 9904 | €25,758 | €20,787 | -€4,971 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,758 | €20,787 | -€4,971 | -19.3% |
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 21 October 2026 via checked.be.