HOLD'IN: 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'IN
Largest movements
- Receivables within one year -€4,582
down €4,582 (-83.3%), from €5,500 to €918
of which Other amounts receivable: -€3,582
- Cash -€1,006
down €1,006 (-28.6%), from €3,523 to €2,516
mainly Other debts (-€10,816) and Deferred charges and accrued income (-€837)
- Deferred charges and accrued income +€837
new in 2025: €837
- Other debts -€10,816
down €10,816 (-13.9%), from €78,006 to €67,189
- Profit (loss) carried forward +€4,657
up €4,657 (+1.2%), from -€388,230 to -€383,573
- Tax, wage and social debts +€950
new in 2025: €950
- Financial income -€10,023
no longer reported in 2025 (was €10,023)
- Gross operating margin -€8,872
down €8,872 (-61.2%), from €14,507 to €5,636
- Financial charges -€5,440
down €5,440 (-97.9%), from €5,559 to €119
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 | €42,267 | €37,263 | -€5,004 | -11.8% |
| Fixed assets | 21/28 | €495 | €243 | -€252 | -50.8% |
| Tangible fixed assets | 22/27 | €495 | €243 | -€252 | -50.8% |
| Furniture and vehicles | 24 | €495 | €243 | -€252 | -50.8% |
| Current assets | 29/58 | €41,772 | €37,019 | -€4,752 | -11.4% |
| Amounts receivable within one year | 40/41 | €5,500 | €918 | -€4,582 | -83.3% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €4,500 | €918 | -€3,582 | -79.6% |
| Current investments | 50/53 | €32,749 | €32,748 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,523 | €2,516 | -€1,006 | -28.6% |
| Deferred charges and accrued income | 490/1 | - | €837 | +€837 | |
| Total equity and liabilities | 10/49 | €42,267 | €37,263 | -€5,004 | -11.8% |
| Equity | 10/15 | -€373,971 | -€369,314 | +€4,657 | +1.2% |
| Contributions | 10/11 | €14,259 | €14,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€388,230 | -€383,573 | +€4,657 | +1.2% |
| Provisions and deferred taxes | 16 | €337,304 | €337,304 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €337,304 | €337,304 | = | 0.0% |
| Pensions and similar obligations | 160 | €337,304 | €337,304 | = | 0.0% |
| Amounts payable | 17/49 | €78,934 | €69,273 | -€9,661 | -12.2% |
| Amounts payable within one year | 42/48 | €78,934 | €69,273 | -€9,661 | -12.2% |
| Trade debts | 44 | €928 | €1,134 | +€205 | +22.1% |
| Suppliers | 440/4 | €928 | €1,134 | +€205 | +22.1% |
| Taxes, remuneration and social security | 45 | - | €950 | +€950 | |
| Taxes | 450/3 | - | €950 | +€950 | |
| Other amounts payable | 47/48 | €78,006 | €67,189 | -€10,816 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €252 | -€94 | -27.1% |
| Other operating charges | 640/8 | €589 | €608 | +€19 | +3.2% |
| Gross operating margin | 9900 | €14,507 | €5,636 | -€8,872 | -61.2% |
| Operating profit (loss) | 9901 | €13,573 | €4,776 | -€8,797 | -64.8% |
| Financial income | 75/76B | €10,023 | - | -€10,023 | |
| Recurring financial income | 75 | €10,023 | - | -€10,023 | |
| Financial charges | 65/66B | €5,559 | €119 | -€5,440 | -97.9% |
| Recurring financial charges | 65 | €5,559 | €119 | -€5,440 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €18,037 | €4,657 | -€13,379 | -74.2% |
| Profit (loss) for the period | 9904 | €18,037 | €4,657 | -€13,379 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,037 | €4,657 | -€13,379 | -74.2% |
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 7 October 2026 via checked.be.