HOLA POLA: 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.
HOLA POLA
Largest movements
- Receivables within one year +€328,395
up €328,395 (+192%), from €170,599 to €498,993
of which Other amounts receivable: +€281,847
- Cash -€219,666
down €219,666 (-27.7%), from €792,016 to €572,350
mainly Receivables within one year (-€328,395) and Contributions, distributions and other (-€200,000)
- Deferred charges and accrued income +€118,300
up €118,300 (+20.0%), from €592,345 to €710,646
- Accrued charges and deferred income +€123,964
up €123,964 (+429%), from €28,917 to €152,881
- Trade debts +€110,478
up €110,478 (+75.2%), from €146,883 to €257,361
- Other debts -€58,520
down €58,520 (-98.9%), from €59,197 to €677
- Profit (loss) carried forward +€34,984
up €34,984 (+11.7%), from €297,751 to €332,735
- Tax, wage and social debts +€20,796
up €20,796 (+880%), from €2,363 to €23,159
of which Remuneration and social security: +€20,156
- Staff costs +€21,841
up €21,841 (+18.1%), from €120,851 to €142,691
- Financial income +€7,542
up €7,542 (+164%), from €4,589 to €12,130
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 | €1,599,597 | €1,831,298 | +€231,701 | +14.5% |
| Fixed assets | 21/28 | €44,637 | €49,309 | +€4,672 | +10.5% |
| Intangible fixed assets | 21 | €15,588 | €15,145 | -€443 | -2.8% |
| Tangible fixed assets | 22/27 | €28,675 | €33,774 | +€5,099 | +17.8% |
| Land and buildings | 22 | €4,266 | €12,757 | +€8,491 | +199% |
| Plant, machinery and equipment | 23 | €5,709 | €6,920 | +€1,210 | +21.2% |
| Furniture and vehicles | 24 | €18,699 | €14,098 | -€4,602 | -24.6% |
| Financial fixed assets | 28 | €375 | €391 | +€16 | +4.2% |
| Current assets | 29/58 | €1,554,960 | €1,781,989 | +€227,029 | +14.6% |
| Amounts receivable within one year | 40/41 | €170,599 | €498,993 | +€328,395 | +192% |
| Trade receivables | 40 | - | €46,548 | +€46,548 | |
| Other amounts receivable | 41 | €170,599 | €452,445 | +€281,847 | +165% |
| Cash at bank and in hand | 54/58 | €792,016 | €572,350 | -€219,666 | -27.7% |
| Deferred charges and accrued income | 490/1 | €592,345 | €710,646 | +€118,300 | +20.0% |
| Total equity and liabilities | 10/49 | €1,599,597 | €1,831,298 | +€231,701 | +14.5% |
| Equity | 10/15 | €556,872 | €591,856 | +€34,984 | +6.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €209,121 | €209,121 | = | 0.0% |
| Distributable reserves | 133 | €209,121 | €209,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,751 | €332,735 | +€34,984 | +11.7% |
| Amounts payable | 17/49 | €1,042,725 | €1,239,442 | +€196,717 | +18.9% |
| Amounts payable within one year | 42/48 | €1,013,807 | €1,086,561 | +€72,754 | +7.2% |
| Trade debts | 44 | €146,883 | €257,361 | +€110,478 | +75.2% |
| Suppliers | 440/4 | €146,883 | €257,361 | +€110,478 | +75.2% |
| Advances received on contracts in progress | 46 | €805,365 | €805,365 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,363 | €23,159 | +€20,796 | +880% |
| Taxes | 450/3 | €509 | €1,149 | +€640 | +126% |
| Remuneration and social security | 454/9 | €1,854 | €22,010 | +€20,156 | +1,087% |
| Other amounts payable | 47/48 | €59,197 | €677 | -€58,520 | -98.9% |
| Accrued charges and deferred income | 492/3 | €28,917 | €152,881 | +€123,964 | +429% |
| Remuneration, social security and pensions | 62 | €120,851 | €142,691 | +€21,841 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,851 | €12,131 | +€3,279 | +37.0% |
| Other operating charges | 640/8 | €203 | €208 | +€5 | +2.3% |
| Gross operating margin | 9900 | €467,506 | €466,047 | -€1,460 | -0.3% |
| Operating profit (loss) | 9901 | €337,601 | €311,017 | -€26,585 | -7.9% |
| Financial income | 75/76B | €4,589 | €12,130 | +€7,542 | +164% |
| Recurring financial income | 75 | €4,589 | €12,130 | +€7,542 | +164% |
| Financial charges | 65/66B | €973 | €4,004 | +€3,031 | +311% |
| Recurring financial charges | 65 | €973 | €4,004 | +€3,031 | +311% |
| Profit (loss) for the period before taxes | 9903 | €341,217 | €319,143 | -€22,074 | -6.5% |
| Income taxes | 67/77 | €86,479 | €84,159 | -€2,321 | -2.7% |
| Profit (loss) for the period | 9904 | €254,737 | €234,984 | -€19,753 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €254,737 | €234,984 | -€19,753 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.