ELS VAN HOLDERBEKE: what changed
What changed
ELS VAN HOLDERBEKE
NACE 78.100, Employment placement agencies
filed annual accounts (NBB)
Net result for the year
€18,260
2024 · €27,612-€9,351
Equity
€107,334
2024 · €89,073+€18,260
Cash
€117,052
2024 · €97,202+€19,851
Balance sheet total
€133,602
2024 · €112,489+€21,113
Largest movements
Assets
- Cash +€19,851
up €19,851 (+20.4%), from €97,202 to €117,052
mainly Net result for the year (+€18,260) and Tax, wage and social debts (+€3,417)
Equity and liabilities
- Reserves +€18,260
up €18,260 (+21.0%), from €87,073 to €105,334
- Tax, wage and social debts +€3,417
up €3,417 (+15.6%), from €21,901 to €25,318
Income statement
- Gross operating margin -€12,684
down €12,684 (-32.2%), from €39,376 to €26,692
- Taxes -€3,114
down €3,114 (-28.7%), from €10,837 to €7,723
- Depreciation -€435
down €435 (-60.1%), from €724 to €289
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,612
Gross operating margin
-€12,684
Depreciation
+€435
Other operating charges
-€5
Other operating items
-€426
Financial income
+€164
Financial charges
+€50
Taxes
+€3,114
Result 2025
€18,260
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,424
Investment
-€573
Financing
€0
Cash 2024
€97,202
From operations (derived)
+€20,424
Net result for the year
+€18,260
Depreciation
+€289
Receivables within one year
-€978
Trade debts
-€987
Tax, wage and social debts
+€3,417
Other debts
+€632
Accrued charges and deferred income
-€210
Investment (derived)
-€573
Investment in fixed assets (net)
-€573
Cash 2025
€117,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,489 | €133,602 | +€21,113 | +18.8% |
| Formation expenses | 20 | €465 | €211 | -€254 | -54.5% |
| Fixed assets | 21/28 | €426 | €964 | +€538 | +126% |
| Tangible fixed assets | 22/27 | €426 | €964 | +€538 | +126% |
| Plant, machinery and equipment | 23 | €426 | €964 | +€538 | +126% |
| Current assets | 29/58 | €111,598 | €132,427 | +€20,828 | +18.7% |
| Amounts receivable within one year | 40/41 | €13,905 | €14,883 | +€978 | +7.0% |
| Trade receivables | 40 | €13,891 | €14,883 | +€992 | +7.1% |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €97,202 | €117,052 | +€19,851 | +20.4% |
| Deferred charges and accrued income | 490/1 | €492 | €492 | = | 0.0% |
| Total equity and liabilities | 10/49 | €112,489 | €133,602 | +€21,113 | +18.8% |
| Equity | 10/15 | €89,073 | €107,334 | +€18,260 | +20.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,073 | €105,334 | +€18,260 | +21.0% |
| Distributable reserves | 133 | €87,073 | €105,334 | +€18,260 | +21.0% |
| Amounts payable | 17/49 | €23,416 | €26,268 | +€2,852 | +12.2% |
| Amounts payable within one year | 42/48 | €23,206 | €26,268 | +€3,062 | +13.2% |
| Trade debts | 44 | €1,210 | €223 | -€987 | -81.6% |
| Suppliers | 440/4 | €1,210 | €223 | -€987 | -81.6% |
| Taxes, remuneration and social security | 45 | €21,901 | €25,318 | +€3,417 | +15.6% |
| Taxes | 450/3 | €21,901 | €25,318 | +€3,417 | +15.6% |
| Other amounts payable | 47/48 | €95 | €727 | +€632 | +666% |
| Accrued charges and deferred income | 492/3 | €210 | - | -€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €289 | -€435 | -60.1% |
| Other operating charges | 640/8 | €391 | €396 | +€5 | +1.2% |
| Non-recurring operating charges | 66A | - | €426 | +€426 | |
| Gross operating margin | 9900 | €39,376 | €26,692 | -€12,684 | -32.2% |
| Operating profit (loss) | 9901 | €38,260 | €25,581 | -€12,679 | -33.1% |
| Financial income | 75/76B | €335 | €499 | +€164 | +48.9% |
| Recurring financial income | 75 | €335 | €499 | +€164 | +48.9% |
| Financial charges | 65/66B | €146 | €96 | -€50 | -34.1% |
| Recurring financial charges | 65 | €146 | €96 | -€50 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €38,449 | €25,983 | -€12,465 | -32.4% |
| Income taxes | 67/77 | €10,837 | €7,723 | -€3,114 | -28.7% |
| Profit (loss) for the period | 9904 | €27,612 | €18,260 | -€9,351 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,612 | €18,260 | -€9,351 | -33.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.