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HOLDA: 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.

What changed

HOLDA

BE 0462.554.002
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€114,751
2024 · -€94,919-€19,832
Equity
€2.9m
2024 · €3.0m-€114,751
Cash
€1,886
2024 · €147+€1,739
Balance sheet total
€7.5m
2024 · €7.5m-€7,767

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Profit (loss) carried forward -€114,751

      down €114,751 (-3.1%), from -€3.7m to -€3.8m

    • Other debts +€76,388

      up €76,388 (+1.8%), from €4.3m to €4.3m

    Income statement
    • Financial income -€39,038

      down €39,038 (-97.8%), from €39,930 to €892

    • Financial charges -€12,388

      down €12,388 (-11.5%), from €107,935 to €95,546

      of which Financial charges: -€12,388

    • Gross operating margin +€6,730

      up €6,730 (+26.6%), from -€25,336 to -€18,605

    From the 2024 result to the 2025 result

    effect on the 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 -€94,919
    Gross operating margin +€6,730
    Other operating charges +€87
    Financial income -€39,038
    Financial charges +€12,388
    Result 2025 -€114,751

    Cash bridge derived

    cash 2024 to 2025

    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 +€1,739
    Investment €0
    Financing €0
    Cash 2024 €147
    Net result for the year -€114,751
    Receivables within one year +€9,506
    Trade debts -€7,615
    Other debts +€76,388
    Accrued charges and deferred income +€38,211
    Cash 2025 €1,886
    Every line side by side 38 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €7,497,769 €7,490,002 -€7,767 -0.1%
    Fixed assets 21/28 €7,344,572 €7,344,572 = 0.0%
    Financial fixed assets 28 €7,344,572 €7,344,572 = 0.0%
    Current assets 29/58 €153,197 €145,430 -€7,767 -5.1%
    Amounts receivable after more than one year 29 €0 - =
    Other amounts receivable 291 €0 - =
    Amounts receivable within one year 40/41 €150,957 €141,451 -€9,506 -6.3%
    Other amounts receivable 41 €150,957 €141,451 -€9,506 -6.3%
    Cash at bank and in hand 54/58 €147 €1,886 +€1,739 +1183.7%
    Deferred charges and accrued income 490/1 €2,093 €2,093 = 0.0%
    Total equity and liabilities 10/49 €7,497,769 €7,490,002 -€7,767 -0.1%
    Equity 10/15 €2,991,677 €2,876,926 -€114,751 -3.8%
    Contributions 10/11 €6,112,407 €6,112,407 = 0.0%
    Capital 10 €6,112,000 €6,112,000 = 0.0%
    Issued capital 100 €6,112,000 €6,112,000 = 0.0%
    Outside capital 11 €407 €407 = 0.0%
    Share premium 1100/10 €407 €407 = 0.0%
    Reserves 13 €581,455 €581,455 = 0.0%
    Non-distributable reserves 130/1 €581,455 €581,455 = 0.0%
    Legal reserve 130 €581,455 €581,455 = 0.0%
    Profit (loss) carried forward 14 -€3,702,185 -€3,816,936 -€114,751 -3.1%
    Amounts payable 17/49 €4,506,092 €4,613,075 +€106,984 +2.4%
    Amounts payable within one year 42/48 €4,276,401 €4,345,174 +€68,773 +1.6%
    Trade debts 44 €12,232 €4,617 -€7,615 -62.3%
    Suppliers 440/4 €12,232 €4,617 -€7,615 -62.3%
    Other amounts payable 47/48 €4,264,170 €4,340,557 +€76,388 +1.8%
    Accrued charges and deferred income 492/3 €229,690 €267,901 +€38,211 +16.6%
    Other operating charges 640/8 €1,578 €1,492 -€87 -5.5%
    Gross operating margin 9900 -€25,336 -€18,605 +€6,730 +26.6%
    Operating profit (loss) 9901 -€26,914 -€20,097 +€6,817 +25.3%
    Financial income 75/76B €39,930 €892 -€39,038 -97.8%
    Recurring financial income 75 €39,930 €892 -€39,038 -97.8%
    Financial charges 65/66B €107,935 €95,546 -€12,388 -11.5%
    Recurring financial charges 65 €107,935 €95,546 -€12,388 -11.5%
    Non-recurring financial charges 66B €0 - =
    Profit (loss) for the period before taxes 9903 -€94,919 -€114,751 -€19,832 -20.9%
    Profit (loss) for the period 9904 -€94,919 -€114,751 -€19,832 -20.9%
    Profit (loss) for the period to be appropriated 9905 -€94,919 -€114,751 -€19,832 -20.9%

    Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.