B-HOLD: 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.
B-HOLD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€141,105
up €141,105 (+1,567%), from €9,006 to €150,111
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Profit (loss) carried forward -€25,093
new in 2025: -€25,093
- Tax, wage and social debts +€7,174
up €7,174 (+25.8%), from €27,860 to €35,034
of which Taxes: +€7,174
- Trade debts +€6,091
up €6,091 (+76.9%), from €7,918 to €14,009
- Gross operating margin -€6,044
down €6,044 (-79.0%), from -€7,651 to -€13,694
- Other operating charges +€2,519
up €2,519 (+298%), from €845 to €3,363
- Financial income +€820
up €820 (+1,024,513%), from €0 to €820
- Financial charges -€408
down €408 (-2.9%), from €13,846 to €13,438
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 | €270,050 | €267,642 | -€2,408 | -0.9% |
| Fixed assets | 21/28 | €255,559 | €255,471 | -€88 | 0.0% |
| Tangible fixed assets | 22/27 | €1,869 | €1,781 | -€88 | -4.7% |
| Furniture and vehicles | 24 | €1,869 | €1,781 | -€88 | -4.7% |
| Financial fixed assets | 28 | €253,690 | €253,690 | = | 0.0% |
| Current assets | 29/58 | €14,491 | €12,171 | -€2,320 | -16.0% |
| Amounts receivable within one year | 40/41 | €1,074 | €669 | -€405 | -37.7% |
| Trade receivables | 40 | €1,074 | €669 | -€405 | -37.7% |
| Cash at bank and in hand | 54/58 | €743 | €1,164 | +€421 | +56.6% |
| Deferred charges and accrued income | 490/1 | €12,674 | €10,338 | -€2,336 | -18.4% |
| Total equity and liabilities | 10/49 | €270,050 | €267,642 | -€2,408 | -0.9% |
| Equity | 10/15 | €97,583 | €67,593 | -€29,989 | -30.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €32,583 | €27,686 | -€4,897 | -15.0% |
| Tax-exempt reserves | 132 | €12,604 | €12,604 | = | 0.0% |
| Distributable reserves | 133 | €19,979 | €15,082 | -€4,897 | -24.5% |
| Profit (loss) carried forward | 14 | - | -€25,093 | -€25,093 | |
| Amounts payable | 17/49 | €172,467 | €200,049 | +€27,582 | +16.0% |
| Amounts payable within one year | 42/48 | €169,784 | €199,154 | +€29,370 | +17.3% |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €7,918 | €14,009 | +€6,091 | +76.9% |
| Suppliers | 440/4 | €7,918 | €14,009 | +€6,091 | +76.9% |
| Taxes, remuneration and social security | 45 | €27,860 | €35,034 | +€7,174 | +25.8% |
| Taxes | 450/3 | €25,760 | €32,934 | +€7,174 | +27.9% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €9,006 | €150,111 | +€141,105 | +1,567% |
| Accrued charges and deferred income | 492/3 | €2,684 | €895 | -€1,788 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €88 | = | 0.0% |
| Other operating charges | 640/8 | €845 | €3,363 | +€2,519 | +298% |
| Gross operating margin | 9900 | -€7,651 | -€13,694 | -€6,044 | -79.0% |
| Operating profit (loss) | 9901 | -€8,583 | -€17,145 | -€8,563 | -99.8% |
| Financial income | 75/76B | €0 | €820 | +€820 | +1,024,513% |
| Recurring financial income | 75 | €0 | €820 | +€820 | +1,024,513% |
| Financial charges | 65/66B | €13,846 | €13,438 | -€408 | -2.9% |
| Recurring financial charges | 65 | €13,846 | €13,438 | -€408 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,429 | -€29,763 | -€7,335 | -32.7% |
| Income taxes | 67/77 | €236 | €226 | -€10 | -4.2% |
| Profit (loss) for the period | 9904 | -€22,665 | -€29,989 | -€7,325 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,665 | -€29,989 | -€7,325 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.