HOLARAM: 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.
HOLARAM
Largest movements
- Financial fixed assets -€7,530
down €7,530 (-52.6%), from €14,309 to €6,779
- Tangible fixed assets -€4,329
down €4,329 (-82.4%), from €5,251 to €922
- Cash +€4,081
up €4,081 (+123.4%), from €3,307 to €7,388
mainly Net result for the year (+€12,568) and Investment in fixed assets (net) (+€11,559)
- Intangible fixed assets -€1,500
down €1,500 (-11.2%), from €13,375 to €11,875
- Receivables within one year -€924
down €924 (-53.9%), from €1,713 to €789
of which Trade receivables: -€1,189
- Trade debts -€13,788
down €13,788 (-39.0%), from €35,361 to €21,573
- Profit (loss) carried forward +€12,568
up €12,568, from -€10,713 to €1,854
- Other debts -€8,567
down €8,567 (-84.8%), from €10,096 to €1,530
- Tax, wage and social debts -€1,532
down €1,532 (-21.5%), from €7,112 to €5,580
of which Remuneration and social security: -€2,259
- Gross operating margin +€16,060
up €16,060 (+48.0%), from €33,466 to €49,527
- Staff costs -€3,168
down €3,168 (-10.3%), from €30,702 to €27,535
- Taxes +€1,778
new in 2025: €1,778
- Depreciation -€1,384
down €1,384 (-39.8%), from €3,481 to €2,097
- Other operating charges +€542
up €542 (+11.5%), from €4,705 to €5,247
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 | €61,856 | €50,537 | -€11,319 | -18.3% |
| Formation expenses | 20 | €381 | €84 | -€297 | -78.0% |
| Fixed assets | 21/28 | €32,936 | €19,577 | -€13,359 | -40.6% |
| Intangible fixed assets | 21 | €13,375 | €11,875 | -€1,500 | -11.2% |
| Tangible fixed assets | 22/27 | €5,251 | €922 | -€4,329 | -82.4% |
| Furniture and vehicles | 24 | €5,251 | €922 | -€4,329 | -82.4% |
| Financial fixed assets | 28 | €14,309 | €6,779 | -€7,530 | -52.6% |
| Current assets | 29/58 | €28,539 | €30,877 | +€2,337 | +8.2% |
| Stocks and contracts in progress | 3 | €23,520 | €22,700 | -€820 | -3.5% |
| Stocks | 30/36 | €23,520 | €22,700 | -€820 | -3.5% |
| Amounts receivable within one year | 40/41 | €1,713 | €789 | -€924 | -53.9% |
| Trade receivables | 40 | €1,450 | €261 | -€1,189 | -82.0% |
| Other amounts receivable | 41 | €263 | €528 | +€265 | +100.8% |
| Cash at bank and in hand | 54/58 | €3,307 | €7,388 | +€4,081 | +123.4% |
| Total equity and liabilities | 10/49 | €61,856 | €50,537 | -€11,319 | -18.3% |
| Equity | 10/15 | €9,287 | €21,854 | +€12,568 | +135.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,713 | €1,854 | +€12,568 | |
| Amounts payable | 17/49 | €52,569 | €28,683 | -€23,886 | -45.4% |
| Amounts payable within one year | 42/48 | €52,569 | €28,683 | -€23,886 | -45.4% |
| Trade debts | 44 | €35,361 | €21,573 | -€13,788 | -39.0% |
| Suppliers | 440/4 | €35,361 | €21,573 | -€13,788 | -39.0% |
| Taxes, remuneration and social security | 45 | €7,112 | €5,580 | -€1,532 | -21.5% |
| Taxes | 450/3 | €2,327 | €3,054 | +€727 | +31.2% |
| Remuneration and social security | 454/9 | €4,785 | €2,526 | -€2,259 | -47.2% |
| Other amounts payable | 47/48 | €10,096 | €1,530 | -€8,567 | -84.8% |
| Remuneration, social security and pensions | 62 | €30,702 | €27,535 | -€3,168 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,481 | €2,097 | -€1,384 | -39.8% |
| Other operating charges | 640/8 | €4,705 | €5,247 | +€542 | +11.5% |
| Gross operating margin | 9900 | €33,466 | €49,527 | +€16,060 | +48.0% |
| Operating profit (loss) | 9901 | -€5,422 | €14,648 | +€20,070 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €328 | €303 | -€25 | -7.7% |
| Recurring financial charges | 65 | €328 | €303 | -€25 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,750 | €14,345 | +€20,095 | |
| Income taxes | 67/77 | - | €1,778 | +€1,778 | |
| Profit (loss) for the period | 9904 | -€5,750 | €12,568 | +€18,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,750 | €12,568 | +€18,318 |
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 9 October 2026 via checked.be.