HOLDBE: 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.
HOLDBE
Largest movements
- Receivables after one year -€147,112
down €147,112 (-23.7%), from €620,919 to €473,807
- Current investments +€100,000
new in 2025: €100,000
- Cash +€16,331
up €16,331 (+29188.0%), from €56 to €16,387
mainly Receivables after one year (+€147,112) and Trade debts (+€1,771)
- Other debts -€25,048
down €25,048 (-99.7%), from €25,123 to €75
- Reserves -€10,000
down €10,000 (-1.2%), from €866,200 to €856,200
of which Distributable reserves: -€10,000
- Other operating charges -€976
down €976 (-49.4%), from €1,974 to €998
- Gross operating margin -€469
down €469 (-7.9%), from -€5,963 to -€6,432
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 | €962,068 | €931,359 | -€30,709 | -3.2% |
| Fixed assets | 21/28 | €341,093 | €341,093 | = | 0.0% |
| Financial fixed assets | 28 | €341,093 | €341,093 | = | 0.0% |
| Current assets | 29/58 | €620,975 | €590,266 | -€30,709 | -4.9% |
| Amounts receivable after more than one year | 29 | €620,919 | €473,807 | -€147,112 | -23.7% |
| Other amounts receivable | 291 | €620,919 | €473,807 | -€147,112 | -23.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €56 | €16,387 | +€16,331 | +29188.0% |
| Deferred charges and accrued income | 490/1 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €962,068 | €931,359 | -€30,709 | -3.2% |
| Equity | 10/15 | €935,266 | €927,834 | -€7,432 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €866,200 | €856,200 | -€10,000 | -1.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €860,000 | €850,000 | -€10,000 | -1.2% |
| Profit (loss) carried forward | 14 | €7,066 | €9,634 | +€2,568 | +36.3% |
| Amounts payable | 17/49 | €26,802 | €3,525 | -€23,277 | -86.8% |
| Amounts payable within one year | 42/48 | €26,802 | €3,525 | -€23,277 | -86.8% |
| Trade debts | 44 | €1,679 | €3,450 | +€1,771 | +105.4% |
| Suppliers | 440/4 | €1,679 | €3,450 | +€1,771 | +105.4% |
| Other amounts payable | 47/48 | €25,123 | €75 | -€25,048 | -99.7% |
| Other operating charges | 640/8 | €1,974 | €998 | -€976 | -49.4% |
| Gross operating margin | 9900 | -€5,963 | -€6,432 | -€469 | -7.9% |
| Operating profit (loss) | 9901 | -€7,937 | -€7,430 | +€507 | +6.4% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €105 | €48 | -€57 | -54.5% |
| Recurring financial charges | 65 | €105 | €48 | -€57 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,042 | -€7,432 | +€611 | +7.6% |
| Profit (loss) for the period | 9904 | -€8,042 | -€7,432 | +€611 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,042 | -€7,432 | +€611 | +7.6% |
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 10 October 2026 via checked.be.