HOLDFAST IMMO: 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.
HOLDFAST IMMO
Largest movements
- Stocks and contracts -€174,114
no longer reported in 2025 (was €174,114)
- Tangible fixed assets +€80,861
up €80,861 (+84.9%), from €95,269 to €176,130
of which Plant, machinery and equipment: +€51,998
- Cash +€26,877
up €26,877 (+4,250%), from €632 to €27,510
mainly Stocks and contracts (+€174,114) and Net result for the year (+€25,642)
- Debts after one year -€49,586
down €49,586 (-25.1%), from €197,650 to €148,065
- Other debts -€40,248
no longer reported in 2025 (was €40,248)
- Profit (loss) carried forward +€25,642
up €25,642 (+181%), from €14,144 to €39,786
- Tax, wage and social debts +€10,820
up €10,820 (+404%), from €2,681 to €13,501
- Current portion of long-term debt -€10,453
no longer reported in 2025 (was €10,453)
- Gross operating margin +€46,405
up €46,405 (+339%), from €13,708 to €60,113
- Taxes +€9,660
up €9,660 (+2,134%), from €453 to €10,113
- Other operating charges +€8,111
up €8,111 (+1,455%), from €557 to €8,669
- Financial charges +€5,816
up €5,816 (+83.5%), from €6,968 to €12,784
- Depreciation -€2,419
down €2,419 (-44.3%), from €5,467 to €3,047
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,738 | €211,649 | -€68,089 | -24.3% |
| Fixed assets | 21/28 | €95,269 | €176,130 | +€80,861 | +84.9% |
| Tangible fixed assets | 22/27 | €95,269 | €176,130 | +€80,861 | +84.9% |
| Land and buildings | 22 | €74,299 | €103,222 | +€28,923 | +38.9% |
| Plant, machinery and equipment | 23 | €19,673 | €71,671 | +€51,998 | +264% |
| Furniture and vehicles | 24 | €1,297 | €1,237 | -€60 | -4.6% |
| Current assets | 29/58 | €184,469 | €35,519 | -€148,950 | -80.7% |
| Stocks and contracts in progress | 3 | €174,114 | - | -€174,114 | |
| Stocks | 30/36 | €174,114 | - | -€174,114 | |
| Amounts receivable within one year | 40/41 | €9,723 | €8,009 | -€1,714 | -17.6% |
| Trade receivables | 40 | €9,723 | €597 | -€9,125 | -93.9% |
| Other amounts receivable | 41 | - | €7,412 | +€7,412 | |
| Cash at bank and in hand | 54/58 | €632 | €27,510 | +€26,877 | +4,250% |
| Total equity and liabilities | 10/49 | €279,738 | €211,649 | -€68,089 | -24.3% |
| Equity | 10/15 | €16,144 | €41,786 | +€25,642 | +159% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,144 | €39,786 | +€25,642 | +181% |
| Amounts payable | 17/49 | €263,594 | €169,862 | -€93,731 | -35.6% |
| Amounts payable after more than one year | 17 | €197,650 | €148,065 | -€49,586 | -25.1% |
| Financial debts | 170/4 | €197,650 | €148,065 | -€49,586 | -25.1% |
| Amounts payable within one year | 42/48 | €65,944 | €21,798 | -€44,146 | -66.9% |
| Current portion of amounts payable after more than one year | 42 | €10,453 | - | -€10,453 | |
| Trade debts | 44 | €12,561 | €8,296 | -€4,265 | -34.0% |
| Suppliers | 440/4 | €12,561 | €8,296 | -€4,265 | -34.0% |
| Taxes, remuneration and social security | 45 | €2,681 | €13,501 | +€10,820 | +404% |
| Taxes | 450/3 | €2,681 | €13,501 | +€10,820 | +404% |
| Other amounts payable | 47/48 | €40,248 | - | -€40,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,467 | €3,047 | -€2,419 | -44.3% |
| Other operating charges | 640/8 | €557 | €8,669 | +€8,111 | +1,455% |
| Gross operating margin | 9900 | €13,708 | €60,113 | +€46,405 | +339% |
| Operating profit (loss) | 9901 | €7,683 | €48,397 | +€40,713 | +530% |
| Financial income | 75/76B | €1 | €141 | +€141 | +28,198% |
| Recurring financial income | 75 | €1 | €141 | +€141 | +28,198% |
| Financial charges | 65/66B | €6,968 | €12,784 | +€5,816 | +83.5% |
| Recurring financial charges | 65 | €6,968 | €12,784 | +€5,816 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €716 | €35,755 | +€35,038 | +4,891% |
| Income taxes | 67/77 | €453 | €10,113 | +€9,660 | +2,134% |
| Profit (loss) for the period | 9904 | €264 | €25,642 | +€25,378 | +9,626% |
| Profit (loss) for the period to be appropriated | 9905 | €264 | €25,642 | +€25,378 | +9,626% |
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 25 October 2026 via checked.be.