Z-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.
What changed
Z-HOTEL
NACE 55.100, Hotels and similar accommodation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€129,384
2023 · -€143,275+€13,891
Equity
-€599,762
2023 · -€469,606-€130,156
Cash
€2,065
2023 · €1,167+€898
Balance sheet total
€766,065
2023 · €798,764-€32,698
Largest movements
Assets
- Tangible fixed assets -€38,502
down €38,502 (-4.9%), from €789,959 to €751,457
of which Land and buildings: -€33,187
Equity and liabilities
- Other debts +€452,222
up €452,222 (+130%), from €346,878 to €799,100
- Debts after one year -€319,886
down €319,886 (-39.0%), from €819,886 to €500,000
of which Financial debts: -€319,886
- Profit (loss) carried forward -€121,666
down €121,666 (-18.0%), from -€677,322 to -€798,988
- Current portion of long-term debt -€38,700
no longer reported in 2024 (was €38,700)
Income statement
- Depreciation -€29,920
down €29,920 (-40.5%), from €73,847 to €43,927
- Staff costs +€10,370
up €10,370 (+26.4%), from €39,286 to €49,656
- Other operating charges +€4,641
up €4,641 (+91.1%), from €5,097 to €9,738
- Financial charges +€3,437
up €3,437 (+31.7%), from €10,854 to €14,291
- Gross operating margin +€3,168
up €3,168 (+17.3%), from -€18,286 to -€15,119
From the 2023 result to the 2024 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 2023
-€143,275
Gross operating margin
+€3,168
Staff costs
-€10,370
Depreciation
+€29,920
Other operating charges
-€4,641
Financial income
-€782
Financial charges
-€3,437
Taxes
+€32
Result 2024
-€129,384
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€368,597
Investment
-€5,425
Financing
-€362,274
Cash 2023
€1,167
From operations (derived)
+€368,597
Net result for the year
-€129,384
Depreciation
+€43,927
Receivables within one year
-€5,918
Smaller working-capital items
+€1,219
Provisions
-€2,573
Trade debts
+€5,832
Tax, wage and social debts
+€3,272
Other debts
+€452,222
Investment (derived)
-€5,425
Investment in fixed assets (net)
-€5,425
Financing
-€362,274
Debts after one year
-€319,886
Current portion of long-term debt
-€38,700
Short-term financial debts
-€2,916
Contributions, distributions and other
-€772
Cash 2024
€2,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,764 | €766,065 | -€32,698 | -4.1% |
| Fixed assets | 21/28 | €790,159 | €751,657 | -€38,502 | -4.9% |
| Tangible fixed assets | 22/27 | €789,959 | €751,457 | -€38,502 | -4.9% |
| Land and buildings | 22 | €723,015 | €689,828 | -€33,187 | -4.6% |
| Plant, machinery and equipment | 23 | €58,982 | €54,834 | -€4,148 | -7.0% |
| Furniture and vehicles | 24 | €6,912 | €5,745 | -€1,166 | -16.9% |
| Other tangible fixed assets | 26 | €1,050 | €1,050 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €8,605 | €14,409 | +€5,803 | +67.4% |
| Amounts receivable within one year | 40/41 | €4,860 | €10,778 | +€5,918 | +122% |
| Trade receivables | 40 | - | €10,730 | +€10,730 | |
| Other amounts receivable | 41 | €4,860 | €48 | -€4,812 | -99.0% |
| Cash at bank and in hand | 54/58 | €1,167 | €2,065 | +€898 | +77.0% |
| Deferred charges and accrued income | 490/1 | €2,579 | €1,566 | -€1,013 | -39.3% |
| Total equity and liabilities | 10/49 | €798,764 | €766,065 | -€32,698 | -4.1% |
| Equity | 10/15 | -€469,606 | -€599,762 | -€130,156 | -27.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €98,233 | €90,515 | -€7,718 | -7.9% |
| Tax-exempt reserves | 132 | €82,754 | €75,036 | -€7,718 | -9.3% |
| Distributable reserves | 133 | €15,479 | €15,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€677,322 | -€798,988 | -€121,666 | -18.0% |
| Investment grants | 15 | €64,483 | €63,710 | -€772 | -1.2% |
| Provisions and deferred taxes | 16 | €24,251 | €21,679 | -€2,573 | -10.6% |
| Deferred taxes | 168 | €24,251 | €21,679 | -€2,573 | -10.6% |
| Amounts payable | 17/49 | €1,244,118 | €1,344,149 | +€100,031 | +8.0% |
| Amounts payable after more than one year | 17 | €819,886 | €500,000 | -€319,886 | -39.0% |
| Financial debts | 170/4 | €319,886 | - | -€319,886 | |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €424,232 | €844,149 | +€419,916 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €38,700 | - | -€38,700 | |
| Financial debts | 43 | €2,916 | - | -€2,916 | |
| Credit institutions | 430/8 | €2,916 | - | -€2,916 | |
| Trade debts | 44 | €21,001 | €26,833 | +€5,832 | +27.8% |
| Suppliers | 440/4 | €21,001 | €26,833 | +€5,832 | +27.8% |
| Advances received on contracts in progress | 46 | - | €206 | +€206 | |
| Taxes, remuneration and social security | 45 | €14,738 | €18,010 | +€3,272 | +22.2% |
| Taxes | 450/3 | €8,411 | €9,271 | +€860 | +10.2% |
| Remuneration and social security | 454/9 | €6,327 | €8,739 | +€2,413 | +38.1% |
| Other amounts payable | 47/48 | €346,878 | €799,100 | +€452,222 | +130% |
| Remuneration, social security and pensions | 62 | €39,286 | €49,656 | +€10,370 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,847 | €43,927 | -€29,920 | -40.5% |
| Other operating charges | 640/8 | €5,097 | €9,738 | +€4,641 | +91.1% |
| Gross operating margin | 9900 | -€18,286 | -€15,119 | +€3,168 | +17.3% |
| Operating profit (loss) | 9901 | -€136,516 | -€118,438 | +€18,078 | +13.2% |
| Financial income | 75/76B | €1,555 | €773 | -€782 | -50.3% |
| Recurring financial income | 75 | €1,555 | €773 | -€782 | -50.3% |
| Financial charges | 65/66B | €10,854 | €14,291 | +€3,437 | +31.7% |
| Recurring financial charges | 65 | €10,854 | €14,291 | +€3,437 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€145,815 | -€131,956 | +€13,859 | +9.5% |
| Transfer from deferred taxes | 780 | €2,573 | €2,573 | = | 0.0% |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | -€143,275 | -€129,384 | +€13,891 | +9.7% |
| Transfer from tax-exempt reserves | 789 | €7,718 | €7,718 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,557 | -€121,666 | +€13,891 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.