De Hollemeersch: 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.
De Hollemeersch
Largest movements
- Cash +€167,568
up €167,568 (+75.0%), from €223,387 to €390,955
mainly Net result for the year (+€187,257) and Depreciation (+€94,557)
- Tangible fixed assets +€15,592
up €15,592 (+2.8%), from €557,528 to €573,119
of which Plant, machinery and equipment: +€42,784
- Reserves +€187,257
up €187,257 (+29.5%), from €634,606 to €821,863
- Gross operating margin +€193,395
up €193,395 (+40.0%), from €483,869 to €677,264
- Staff costs +€129,945
up €129,945 (+75.7%), from €171,675 to €301,621
- Taxes +€18,338
up €18,338 (+29.9%), from €61,325 to €79,663
- Depreciation +€13,382
up €13,382 (+16.5%), from €81,175 to €94,557
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 | €1,005,747 | €1,194,524 | +€188,777 | +18.8% |
| Fixed assets | 21/28 | €559,444 | €574,356 | +€14,912 | +2.7% |
| Intangible fixed assets | 21 | €1,645 | €965 | -€680 | -41.3% |
| Tangible fixed assets | 22/27 | €557,528 | €573,119 | +€15,592 | +2.8% |
| Land and buildings | 22 | €348,875 | €325,567 | -€23,308 | -6.7% |
| Plant, machinery and equipment | 23 | €171,684 | €214,468 | +€42,784 | +24.9% |
| Furniture and vehicles | 24 | €10,834 | €15,365 | +€4,530 | +41.8% |
| Other tangible fixed assets | 26 | €26,135 | €17,720 | -€8,414 | -32.2% |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €446,303 | €620,168 | +€173,865 | +39.0% |
| Stocks and contracts in progress | 3 | €33,636 | €40,888 | +€7,252 | +21.6% |
| Stocks | 30/36 | €33,636 | €40,888 | +€7,252 | +21.6% |
| Amounts receivable within one year | 40/41 | €187,286 | €186,425 | -€861 | -0.5% |
| Trade receivables | 40 | €8,212 | €3,715 | -€4,496 | -54.8% |
| Other amounts receivable | 41 | €179,074 | €182,710 | +€3,636 | +2.0% |
| Cash at bank and in hand | 54/58 | €223,387 | €390,955 | +€167,568 | +75.0% |
| Deferred charges and accrued income | 490/1 | €1,993 | €1,900 | -€93 | -4.7% |
| Total equity and liabilities | 10/49 | €1,005,747 | €1,194,524 | +€188,777 | +18.8% |
| Equity | 10/15 | €917,479 | €1,104,737 | +€187,257 | +20.4% |
| Contributions | 10/11 | €19,501 | €19,501 | = | 0.0% |
| Reserves | 13 | €634,606 | €821,863 | +€187,257 | +29.5% |
| Distributable reserves | 133 | €634,606 | €821,863 | +€187,257 | +29.5% |
| Profit (loss) carried forward | 14 | €263,372 | €263,372 | = | 0.0% |
| Amounts payable | 17/49 | €88,268 | €89,787 | +€1,520 | +1.7% |
| Amounts payable within one year | 42/48 | €88,268 | €89,787 | +€1,520 | +1.7% |
| Trade debts | 44 | €14,210 | €23,138 | +€8,928 | +62.8% |
| Suppliers | 440/4 | €14,210 | €23,138 | +€8,928 | +62.8% |
| Advances received on contracts in progress | 46 | €49,334 | €50,908 | +€1,574 | +3.2% |
| Taxes, remuneration and social security | 45 | €19,787 | €12,447 | -€7,340 | -37.1% |
| Taxes | 450/3 | €11,744 | €4,155 | -€7,588 | -64.6% |
| Remuneration and social security | 454/9 | €8,043 | €8,292 | +€248 | +3.1% |
| Other amounts payable | 47/48 | €4,937 | €3,293 | -€1,643 | -33.3% |
| Remuneration, social security and pensions | 62 | €171,675 | €301,621 | +€129,945 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,175 | €94,557 | +€13,382 | +16.5% |
| Other operating charges | 640/8 | €5,499 | €6,083 | +€584 | +10.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €483,869 | €677,264 | +€193,395 | +40.0% |
| Operating profit (loss) | 9901 | €225,519 | €275,004 | +€49,484 | +21.9% |
| Financial income | 75/76B | €287 | €271 | -€16 | -5.6% |
| Recurring financial income | 75 | €287 | €271 | -€16 | -5.6% |
| Financial charges | 65/66B | €7,428 | €8,355 | +€927 | +12.5% |
| Recurring financial charges | 65 | €7,428 | €8,355 | +€927 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €218,379 | €266,920 | +€48,542 | +22.2% |
| Income taxes | 67/77 | €61,325 | €79,663 | +€18,338 | +29.9% |
| Profit (loss) for the period | 9904 | €157,053 | €187,257 | +€30,204 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €157,053 | €187,257 | +€30,204 | +19.2% |
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 1 November 2026 via checked.be.