Holar & Isca: 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.
Holar & Isca
Largest movements
- Cash +€22,265
up €22,265 (+48.8%), from €45,634 to €67,899
mainly Net result for the year (+€29,735) and Depreciation (+€17,892)
- Tangible fixed assets -€16,223
down €16,223 (-16.1%), from €100,494 to €84,271
of which Furniture and vehicles: -€8,685
- Stocks and contracts -€9,432
down €9,432 (-6.4%), from €146,638 to €137,206
- Receivables within one year +€3,652
up €3,652 (+14.2%), from €25,791 to €29,443
- Reserves +€29,735
up €29,735 (+48.4%), from €61,414 to €91,149
of which Distributable reserves: +€29,735
- Trade debts -€15,417
down €15,417 (-26.0%), from €59,212 to €43,795
- Debts after one year -€14,127
down €14,127 (-26.3%), from €53,619 to €39,492
- Other debts -€13,036
down €13,036 (-30.3%), from €42,966 to €29,930
- Tax, wage and social debts +€12,571
up €12,571 (+72.5%), from €17,342 to €29,913
- Gross operating margin +€18,078
up €18,078 (+39.0%), from €46,412 to €64,490
- Taxes +€2,175
up €2,175 (+22.6%), from €9,633 to €11,808
- Depreciation +€1,405
up €1,405 (+8.5%), from €16,487 to €17,892
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 | €325,887 | €326,104 | +€217 | +0.1% |
| Fixed assets | 21/28 | €105,004 | €88,697 | -€16,307 | -15.5% |
| Tangible fixed assets | 22/27 | €100,494 | €84,271 | -€16,223 | -16.1% |
| Plant, machinery and equipment | 23 | €3,348 | €3,525 | +€177 | +5.3% |
| Furniture and vehicles | 24 | €41,549 | €32,864 | -€8,685 | -20.9% |
| Other tangible fixed assets | 26 | €55,597 | €47,882 | -€7,715 | -13.9% |
| Financial fixed assets | 28 | €4,510 | €4,426 | -€84 | -1.9% |
| Current assets | 29/58 | €220,883 | €237,407 | +€16,524 | +7.5% |
| Stocks and contracts in progress | 3 | €146,638 | €137,206 | -€9,432 | -6.4% |
| Stocks | 30/36 | €146,638 | €137,206 | -€9,432 | -6.4% |
| Amounts receivable within one year | 40/41 | €25,791 | €29,443 | +€3,652 | +14.2% |
| Trade receivables | 40 | €25,791 | €29,443 | +€3,652 | +14.2% |
| Cash at bank and in hand | 54/58 | €45,634 | €67,899 | +€22,265 | +48.8% |
| Deferred charges and accrued income | 490/1 | €2,820 | €2,859 | +€39 | +1.4% |
| Total equity and liabilities | 10/49 | €325,887 | €326,104 | +€217 | +0.1% |
| Equity | 10/15 | €139,113 | €168,848 | +€29,735 | +21.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €61,414 | €91,149 | +€29,735 | +48.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €56,414 | €86,149 | +€29,735 | +52.7% |
| Profit (loss) carried forward | 14 | €27,699 | €27,699 | = | 0.0% |
| Amounts payable | 17/49 | €186,774 | €157,256 | -€29,518 | -15.8% |
| Amounts payable after more than one year | 17 | €53,619 | €39,492 | -€14,127 | -26.3% |
| Financial debts | 170/4 | €53,619 | €39,492 | -€14,127 | -26.3% |
| Amounts payable within one year | 42/48 | €133,155 | €117,764 | -€15,391 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €13,635 | €14,126 | +€491 | +3.6% |
| Trade debts | 44 | €59,212 | €43,795 | -€15,417 | -26.0% |
| Suppliers | 440/4 | €59,212 | €43,795 | -€15,417 | -26.0% |
| Taxes, remuneration and social security | 45 | €17,342 | €29,913 | +€12,571 | +72.5% |
| Taxes | 450/3 | €17,342 | €29,913 | +€12,571 | +72.5% |
| Other amounts payable | 47/48 | €42,966 | €29,930 | -€13,036 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,487 | €17,892 | +€1,405 | +8.5% |
| Other operating charges | 640/8 | €3,171 | €3,065 | -€106 | -3.3% |
| Gross operating margin | 9900 | €46,412 | €64,490 | +€18,078 | +39.0% |
| Operating profit (loss) | 9901 | €26,754 | €43,533 | +€16,779 | +62.7% |
| Financial income | 75/76B | €26 | €368 | +€342 | +1,315% |
| Recurring financial income | 75 | €26 | €368 | +€342 | +1,315% |
| Financial charges | 65/66B | €2,910 | €2,358 | -€552 | -19.0% |
| Recurring financial charges | 65 | €2,910 | €2,358 | -€552 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €23,870 | €41,543 | +€17,673 | +74.0% |
| Income taxes | 67/77 | €9,633 | €11,808 | +€2,175 | +22.6% |
| Profit (loss) for the period | 9904 | €14,237 | €29,735 | +€15,498 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €14,237 | €29,735 | +€15,498 | +109% |
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 29 October 2026 via checked.be.