HOLA Projects: 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.
HOLA Projects
Largest movements
- Receivables within one year +€22,175
up €22,175 (+23.8%), from €93,220 to €115,395
of which Other amounts receivable: +€29,690
- Tangible fixed assets -€19,178
down €19,178 (-12.8%), from €149,605 to €130,427
of which Land and buildings: -€10,016
- Intangible fixed assets -€3,246
down €3,246 (-100.0%), from €3,246 to €0
- Stocks and contracts +€2,961
up €2,961 (+20.4%), from €14,525 to €17,486
- Trade debts +€34,788
up €34,788 (+88.4%), from €39,342 to €74,130
- Profit (loss) carried forward -€30,921
down €30,921 (-2254.1%), from -€1,372 to -€32,293
- Debts after one year -€8,447
down €8,447 (-5.7%), from €149,226 to €140,779
- Short-term financial debts +€3,452
up €3,452 (+33.2%), from €10,408 to €13,860
- Current portion of long-term debt +€2,925
up €2,925 (+7.4%), from €39,729 to €42,654
- Gross operating margin -€110,272
down €110,272 (-70.3%), from €156,957 to €46,685
- Depreciation -€15,470
down €15,470 (-39.5%), from €39,132 to €23,662
- Financial income -€9,159
down €9,159 (-79.5%), from €11,517 to €2,358
of which Non-recurring financial income: -€10,992
- Other operating charges -€7,416
down €7,416 (-44.8%), from €16,540 to €9,125
- Staff costs +€3,602
up €3,602 (+11.2%), from €32,020 to €35,622
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 | €263,016 | €266,508 | +€3,493 | +1.3% |
| Fixed assets | 21/28 | €155,107 | €132,684 | -€22,424 | -14.5% |
| Intangible fixed assets | 21 | €3,246 | €0 | -€3,246 | -100.0% |
| Tangible fixed assets | 22/27 | €149,605 | €130,427 | -€19,178 | -12.8% |
| Land and buildings | 22 | €134,324 | €124,308 | -€10,016 | -7.5% |
| Plant, machinery and equipment | 23 | €1,443 | €1,799 | +€356 | +24.6% |
| Furniture and vehicles | 24 | €5,520 | €2,658 | -€2,862 | -51.8% |
| Leasing and similar rights | 25 | €8,318 | €1,662 | -€6,656 | -80.0% |
| Financial fixed assets | 28 | €2,256 | €2,256 | = | 0.0% |
| Current assets | 29/58 | €107,908 | €133,825 | +€25,916 | +24.0% |
| Stocks and contracts in progress | 3 | €14,525 | €17,486 | +€2,961 | +20.4% |
| Stocks | 30/36 | €14,525 | €17,486 | +€2,961 | +20.4% |
| Amounts receivable within one year | 40/41 | €93,220 | €115,395 | +€22,175 | +23.8% |
| Trade receivables | 40 | €24,360 | €16,845 | -€7,515 | -30.8% |
| Other amounts receivable | 41 | €68,859 | €98,550 | +€29,690 | +43.1% |
| Current investments | 50/53 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €163 | €608 | +€444 | +272.1% |
| Deferred charges and accrued income | 490/1 | €0 | €270 | +€270 | |
| Total equity and liabilities | 10/49 | €263,016 | €266,508 | +€3,493 | +1.3% |
| Equity | 10/15 | €3,628 | -€27,293 | -€30,921 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,372 | -€32,293 | -€30,921 | -2254.1% |
| Amounts payable | 17/49 | €259,387 | €293,801 | +€34,413 | +13.3% |
| Amounts payable after more than one year | 17 | €149,226 | €140,779 | -€8,447 | -5.7% |
| Financial debts | 170/4 | €149,226 | €140,779 | -€8,447 | -5.7% |
| Amounts payable within one year | 42/48 | €110,162 | €153,022 | +€42,860 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €39,729 | €42,654 | +€2,925 | +7.4% |
| Financial debts | 43 | €10,408 | €13,860 | +€3,452 | +33.2% |
| Credit institutions | 430/8 | €10,408 | €13,860 | +€3,452 | +33.2% |
| Trade debts | 44 | €39,342 | €74,130 | +€34,788 | +88.4% |
| Suppliers | 440/4 | €39,342 | €74,130 | +€34,788 | +88.4% |
| Taxes, remuneration and social security | 45 | €20,683 | €22,378 | +€1,695 | +8.2% |
| Taxes | 450/3 | €13,948 | €15,704 | +€1,756 | +12.6% |
| Remuneration and social security | 454/9 | €6,736 | €6,674 | -€62 | -0.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €62,171 | €0 | -€62,171 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,020 | €35,622 | +€3,602 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,132 | €23,662 | -€15,470 | -39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,540 | €9,125 | -€7,416 | -44.8% |
| Gross operating margin | 9900 | €156,957 | €46,685 | -€110,272 | -70.3% |
| Operating profit (loss) | 9901 | €69,265 | -€21,724 | -€90,989 | |
| Financial income | 75/76B | €11,517 | €2,358 | -€9,159 | -79.5% |
| Recurring financial income | 75 | €525 | €2,358 | +€1,833 | +349.3% |
| Non-recurring financial income | 76B | €10,992 | €0 | -€10,992 | -100.0% |
| Financial charges | 65/66B | €12,715 | €11,366 | -€1,348 | -10.6% |
| Recurring financial charges | 65 | €12,715 | €11,366 | -€1,348 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €68,067 | -€30,733 | -€98,799 | |
| Income taxes | 67/77 | €180 | €188 | +€8 | +4.7% |
| Profit (loss) for the period | 9904 | €67,887 | -€30,921 | -€98,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,887 | -€30,921 | -€98,807 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.