Dr. Lode Holsters: what changed
Two fiscal 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.
Dr. Lode Holsters
Largest movements
- Tangible fixed assets +€79,486
up €79,486 (+18142.5%), from €438 to €79,924
of which Furniture and vehicles: +€74,010
- Cash +€26,720
up €26,720 (+148.4%), from €18,002 to €44,722
mainly Debts after one year (+€46,009) and Net result for the year (+€37,429)
- Debts after one year +€46,009
new in 2025: €46,009
- Reserves +€33,429
up €33,429 (+345.9%), from €9,664 to €43,094
- Tax, wage and social debts +€15,410
up €15,410 (+353.4%), from €4,361 to €19,771
- Current portion of long-term debt +€12,021
new in 2025: €12,021
- Gross operating margin +€49,880
up €49,880 (+351.2%), from €14,201 to €64,081
- Taxes +€11,049
up €11,049 (+253.4%), from €4,361 to €15,410
- Depreciation +€9,685
up €9,685 (+249606.2%), from €4 to €9,689
- Financial charges +€1,251
up €1,251 (+726.8%), from €172 to €1,424
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.
Cash bridge derived
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 | €19,211 | €126,392 | +€107,181 | +557.9% |
| Fixed assets | 21/28 | €438 | €79,924 | +€79,486 | +18142.5% |
| Tangible fixed assets | 22/27 | €438 | €79,924 | +€79,486 | +18142.5% |
| Plant, machinery and equipment | 23 | - | €5,476 | +€5,476 | |
| Furniture and vehicles | 24 | €438 | €74,448 | +€74,010 | +16892.6% |
| Current assets | 29/58 | €18,773 | €46,468 | +€27,695 | +147.5% |
| Amounts receivable within one year | 40/41 | €771 | €1,746 | +€975 | +126.5% |
| Trade receivables | 40 | €771 | €1,746 | +€975 | +126.5% |
| Cash at bank and in hand | 54/58 | €18,002 | €44,722 | +€26,720 | +148.4% |
| Total equity and liabilities | 10/49 | €19,211 | €126,392 | +€107,181 | +557.9% |
| Equity | 10/15 | €12,664 | €46,094 | +€33,429 | +264.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,664 | €43,094 | +€33,429 | +345.9% |
| Distributable reserves | 133 | €9,664 | €43,094 | +€33,429 | +345.9% |
| Amounts payable | 17/49 | €6,547 | €80,298 | +€73,752 | +1126.5% |
| Amounts payable after more than one year | 17 | - | €46,009 | +€46,009 | |
| Financial debts | 170/4 | - | €46,009 | +€46,009 | |
| Amounts payable within one year | 42/48 | €6,547 | €34,290 | +€27,743 | +423.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,021 | +€12,021 | |
| Trade debts | 44 | €2,096 | €2,474 | +€378 | +18.0% |
| Suppliers | 440/4 | €2,096 | €2,474 | +€378 | +18.0% |
| Taxes, remuneration and social security | 45 | €4,361 | €19,771 | +€15,410 | +353.4% |
| Taxes | 450/3 | €4,361 | €19,771 | +€15,410 | +353.4% |
| Other amounts payable | 47/48 | €90 | €25 | -€66 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €9,689 | +€9,685 | +249606.2% |
| Other operating charges | 640/8 | - | €112 | +€112 | |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €14,201 | €64,081 | +€49,880 | +351.2% |
| Operating profit (loss) | 9901 | €14,197 | €54,263 | +€40,066 | +282.2% |
| Financial charges | 65/66B | €172 | €1,424 | +€1,251 | +726.8% |
| Recurring financial charges | 65 | €172 | €1,424 | +€1,251 | +726.8% |
| Profit (loss) for the period before taxes | 9903 | €14,025 | €52,839 | +€38,814 | +276.7% |
| Income taxes | 67/77 | €4,361 | €15,410 | +€11,049 | +253.4% |
| Profit (loss) for the period | 9904 | €9,664 | €37,429 | +€27,765 | +287.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,664 | €37,429 | +€27,765 | +287.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.