HOLCRO: 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.
What changed
HOLCRO
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€696,334
2024 · -€1.2m+€490,738
Equity
€3.7m
2024 · €4.4m-€696,334
Cash
€689,851
2024 · €226,079+€463,772
Balance sheet total
€17.2m
2024 · €18.2m-€978,373
Largest movements
Assets
- Receivables within one year -€740,277
down €740,277 (-9.1%), from €8.1m to €7.4m
of which Other amounts receivable: -€800,068
- Tangible fixed assets -€668,912
down €668,912 (-6.9%), from €9.6m to €9.0m
- Cash +€463,772
up €463,772 (+205%), from €226,079 to €689,851
mainly Depreciation (+€1.2m) and Receivables within one year (+€740,277)
Equity and liabilities
- Profit (loss) carried forward -€696,334
down €696,334 (-133%), from -€525,470 to -€1.2m
Income statement
- Turnover +€440,644
up €440,644 (+4.1%), from €10.7m to €11.1m
- Services and other goods +€394,593
up €394,593 (+6.8%), from €5.8m to €6.2m
- Financial charges -€183,852
down €183,852 (-21.0%), from €875,025 to €691,173
of which Financial charges: -€176,508
- Staff costs -€162,396
down €162,396 (-5.8%), from €2.8m to €2.6m
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.
Result 2024
-€1.2m
Turnover
+€440,644
Other operating income
+€52,523
Goods and materials
+€69,825
Services and other goods
-€394,593
Staff costs
+€162,396
Depreciation
+€30,328
Write-downs
-€2,651
Other operating charges
-€26,463
Financial income
-€25,039
Financial charges
+€183,852
Taxes
-€82
Result 2025
-€696,334
raises the resultlowers the result
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.
From operations
+€933,793
Investment
-€468,970
Financing
-€1,050
Cash 2024
€226,079
From operations (derived)
+€933,793
Net result for the year
-€696,334
Depreciation
+€1.2m
Receivables within one year
+€740,277
Deferred charges and accrued income
-€24,471
Trade debts
+€11,354
Tax, wage and social debts
-€176,488
Advances received
-€93,034
Accrued charges and deferred income
-€22,820
Investment (derived)
-€468,970
Investment in fixed assets (net)
-€468,970
Financing
-€1,050
Debts after one year
-€1,050
Cash 2025
€689,851
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,156,801 | €17,178,429 | -€978,373 | -5.4% |
| Fixed assets | 21/28 | €9,707,294 | €8,980,955 | -€726,339 | -7.5% |
| Tangible fixed assets | 22/27 | €9,646,452 | €8,977,540 | -€668,912 | -6.9% |
| Land and buildings | 22 | €4,933,318 | €4,660,847 | -€272,471 | -5.5% |
| Plant, machinery and equipment | 23 | €3,874,805 | €3,729,073 | -€145,732 | -3.8% |
| Furniture and vehicles | 24 | €777,026 | €560,974 | -€216,051 | -27.8% |
| Assets under construction and advance payments | 27 | €61,304 | €26,646 | -€34,658 | -56.5% |
| Financial fixed assets | 28 | €60,841 | €3,415 | -€57,427 | -94.4% |
| Other financial fixed assets | 284/8 | €60,841 | €3,415 | -€57,427 | -94.4% |
| Amounts receivable and cash guarantees | 285/8 | €60,841 | €3,415 | -€57,427 | -94.4% |
| Current assets | 29/58 | €8,449,508 | €8,197,474 | -€252,033 | -3.0% |
| Amounts receivable within one year | 40/41 | €8,113,710 | €7,373,433 | -€740,277 | -9.1% |
| Trade receivables | 40 | €235,777 | €295,567 | +€59,791 | +25.4% |
| Other amounts receivable | 41 | €7,877,934 | €7,077,866 | -€800,068 | -10.2% |
| Cash at bank and in hand | 54/58 | €226,079 | €689,851 | +€463,772 | +205% |
| Deferred charges and accrued income | 490/1 | €109,718 | €134,190 | +€24,471 | +22.3% |
| Total equity and liabilities | 10/49 | €18,156,801 | €17,178,429 | -€978,373 | -5.4% |
| Equity | 10/15 | €4,381,048 | €3,684,714 | -€696,334 | -15.9% |
| Contributions | 10/11 | €1,765,671 | €1,765,671 | = | 0.0% |
| Capital | 10 | €1,139,030 | €1,139,030 | = | 0.0% |
| Issued capital | 100 | €1,139,030 | €1,139,030 | = | 0.0% |
| Contributions outside capital | 11 | €626,641 | €626,641 | = | 0.0% |
| Share premium | 1100/10 | €626,641 | €626,641 | = | 0.0% |
| Reserves | 13 | €3,140,847 | €3,140,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,821 | €125,821 | = | 0.0% |
| Legal reserve | 130 | €113,903 | €113,903 | = | 0.0% |
| Other | 1319 | €11,918 | €11,918 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,644,728 | - | -€1.6m | |
| Distributable reserves | 133 | €1,370,298 | €3,015,026 | +€1.6m | +120% |
| Profit (loss) carried forward | 14 | -€525,470 | -€1,221,804 | -€696,334 | -133% |
| Amounts payable | 17/49 | €13,775,753 | €13,493,715 | -€282,039 | -2.0% |
| Amounts payable after more than one year | 17 | €12,363,050 | €12,362,000 | -€1,050 | 0.0% |
| Financial debts | 170/4 | €12,362,000 | €12,362,000 | = | 0.0% |
| Credit institutions | 173 | €12,362,000 | €12,362,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,050 | - | -€1,050 | |
| Amounts payable within one year | 42/48 | €1,263,926 | €1,005,757 | -€258,169 | -20.4% |
| Trade debts | 44 | €599,293 | €610,647 | +€11,354 | +1.9% |
| Suppliers | 440/4 | €599,293 | €610,647 | +€11,354 | +1.9% |
| Advances received on contracts in progress | 46 | €165,114 | €72,080 | -€93,034 | -56.3% |
| Taxes, remuneration and social security | 45 | €499,519 | €323,031 | -€176,488 | -35.3% |
| Taxes | 450/3 | €55,353 | €12,103 | -€43,250 | -78.1% |
| Remuneration and social security | 454/9 | €444,166 | €310,928 | -€133,238 | -30.0% |
| Accrued charges and deferred income | 492/3 | €148,777 | €125,957 | -€22,820 | -15.3% |
| Operating income | 70/76A | €10,909,072 | €11,402,239 | +€493,167 | +4.5% |
| Turnover | 70 | €10,708,415 | €11,149,059 | +€440,644 | +4.1% |
| Other operating income | 74 | €200,657 | €253,180 | +€52,523 | +26.2% |
| Operating charges | 60/66A | €11,254,125 | €11,415,284 | +€161,159 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €804,169 | €734,344 | -€69,825 | -8.7% |
| Purchases | 600/8 | €804,169 | €734,344 | -€69,825 | -8.7% |
| Services and other goods | 61 | €5,799,362 | €6,193,956 | +€394,593 | +6.8% |
| Remuneration, social security and pensions | 62 | €2,804,942 | €2,642,546 | -€162,396 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225,638 | €1,195,309 | -€30,328 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,651 | +€2,651 | |
| Other operating charges | 640/8 | €620,015 | €646,478 | +€26,463 | +4.3% |
| Operating profit (loss) | 9901 | -€345,053 | -€13,045 | +€332,008 | +96.2% |
| Financial income | 75/76B | €33,873 | €8,834 | -€25,039 | -73.9% |
| Recurring financial income | 75 | €33,873 | €8,834 | -€25,039 | -73.9% |
| Income from current assets | 751 | €33,600 | €8,006 | -€25,594 | -76.2% |
| Other financial income | 752/9 | €273 | €827 | +€554 | +203% |
| Financial charges | 65/66B | €875,025 | €691,173 | -€183,852 | -21.0% |
| Recurring financial charges | 65 | €867,680 | €691,173 | -€176,508 | -20.3% |
| Debt charges | 650 | €850,914 | €672,794 | -€178,120 | -20.9% |
| Other financial charges | 652/9 | €16,767 | €18,379 | +€1,612 | +9.6% |
| Non-recurring financial charges | 66B | €7,345 | - | -€7,345 | |
| Profit (loss) for the period before taxes | 9903 | -€1,186,205 | -€695,385 | +€490,820 | +41.4% |
| Income taxes | 67/77 | €867 | €949 | +€82 | +9.5% |
| Taxes | 670/3 | €867 | €949 | +€82 | +9.5% |
| Profit (loss) for the period | 9904 | -€1,187,072 | -€696,334 | +€490,738 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,187,072 | -€696,334 | +€490,738 | +41.3% |
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 13 October 2026 via checked.be.