HOLD.COLLARD: 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.
HOLD.COLLARD
Largest movements
- Current investments -€81,165
down €81,165 (-4.2%), from €2.0m to €1.9m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€78,263
up €78,263 (+167.3%), from €46,772 to €125,035
- Financial charges -€32,540
down €32,540 (-23.3%), from €139,372 to €106,832
- Taxes -€7,705
new in 2025: -€7,705
- Other operating charges -€62
down €62 (-2.8%), from €2,208 to €2,146
- Gross operating margin -€53
down €53 (-1.7%), from -€3,148 to -€3,202
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 | €5,339,050 | €5,326,289 | -€12,761 | -0.2% |
| Fixed assets | 21/28 | €3,335,250 | €3,335,250 | = | 0.0% |
| Financial fixed assets | 28 | €3,335,250 | €3,335,250 | = | 0.0% |
| Current assets | 29/58 | €2,003,800 | €1,991,039 | -€12,761 | -0.6% |
| Amounts receivable within one year | 40/41 | €10,482 | €40,687 | +€30,206 | +288.2% |
| Other amounts receivable | 41 | €10,482 | €40,687 | +€30,206 | +288.2% |
| Current investments | 50/53 | €1,955,532 | €1,874,367 | -€81,165 | -4.2% |
| Cash at bank and in hand | 54/58 | €37,787 | €75,985 | +€38,198 | +101.1% |
| Total equity and liabilities | 10/49 | €5,339,050 | €5,326,289 | -€12,761 | -0.2% |
| Equity | 10/15 | €2,579,528 | €2,600,088 | +€20,560 | +0.8% |
| Contributions | 10/11 | €2,993,770 | €2,993,770 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€420,242 | -€399,682 | +€20,560 | +4.9% |
| Amounts payable | 17/49 | €2,759,522 | €2,726,201 | -€33,321 | -1.2% |
| Amounts payable within one year | 42/48 | €2,759,522 | €2,726,201 | -€33,321 | -1.2% |
| Trade debts | 44 | €926 | €58 | -€868 | -93.8% |
| Suppliers | 440/4 | €926 | €58 | -€868 | -93.8% |
| Taxes, remuneration and social security | 45 | €41,537 | €31,801 | -€9,736 | -23.4% |
| Taxes | 450/3 | €41,537 | €31,801 | -€9,736 | -23.4% |
| Other amounts payable | 47/48 | €2,717,060 | €2,694,342 | -€22,717 | -0.8% |
| Other operating charges | 640/8 | €2,208 | €2,146 | -€62 | -2.8% |
| Gross operating margin | 9900 | -€3,148 | -€3,202 | -€53 | -1.7% |
| Operating profit (loss) | 9901 | -€5,356 | -€5,347 | +€9 | +0.2% |
| Financial income | 75/76B | €46,772 | €125,035 | +€78,263 | +167.3% |
| Recurring financial income | 75 | €46,772 | €125,035 | +€78,263 | +167.3% |
| Financial charges | 65/66B | €139,372 | €106,832 | -€32,540 | -23.3% |
| Recurring financial charges | 65 | €139,372 | €106,832 | -€32,540 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€97,956 | €12,856 | +€110,812 | |
| Income taxes | 67/77 | - | -€7,705 | -€7,705 | |
| Profit (loss) for the period | 9904 | -€97,956 | €20,560 | +€118,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,956 | €20,560 | +€118,517 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.