HOLDIM: 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.
HOLDIM
Largest movements
- Financial fixed assets -€750,000
down €750,000 (-26.3%), from €2.9m to €2.1m
- Receivables within one year +€500,703
up €500,703 (+6,540%), from €7,656 to €508,359
- Cash +€351,152
up €351,152 (+70,047%), from €501 to €351,653
mainly Investment in fixed assets (net) (+€750,000) and Net result for the year (+€29,034)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€750,046
up €750,046 (+1,559,023%), from €48 to €750,094
of which Non-recurring financial charges: +€750,000
- Financial income +€560,203
up €560,203 (+276%), from €202,927 to €763,130
- Taxes +€7,076
up €7,076 (+236%), from €3,004 to €10,080
- Gross operating margin +€4,116
up €4,116 (+6.8%), from €60,283 to €64,399
- Other operating charges +€1,921
up €1,921 (+22.5%), from €8,550 to €10,470
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 | €3,813,994 | €3,873,094 | +€59,100 | +1.5% |
| Fixed assets | 21/28 | €3,427,750 | €2,649,900 | -€777,850 | -22.7% |
| Tangible fixed assets | 22/27 | €577,750 | €549,900 | -€27,850 | -4.8% |
| Land and buildings | 22 | €555,263 | €534,613 | -€20,650 | -3.7% |
| Furniture and vehicles | 24 | €22,487 | €15,287 | -€7,200 | -32.0% |
| Financial fixed assets | 28 | €2,850,000 | €2,100,000 | -€750,000 | -26.3% |
| Current assets | 29/58 | €386,244 | €1,223,194 | +€836,950 | +217% |
| Amounts receivable within one year | 40/41 | €7,656 | €508,359 | +€500,703 | +6,540% |
| Other amounts receivable | 41 | €7,656 | €508,359 | +€500,703 | +6,540% |
| Current investments | 50/53 | €378,000 | €362,000 | -€16,000 | -4.2% |
| Cash at bank and in hand | 54/58 | €501 | €351,653 | +€351,152 | +70,047% |
| Deferred charges and accrued income | 490/1 | €87 | €1,182 | +€1,096 | +1,266% |
| Total equity and liabilities | 10/49 | €3,813,994 | €3,873,094 | +€59,100 | +1.5% |
| Equity | 10/15 | €3,809,764 | €3,838,798 | +€29,034 | +0.8% |
| Contributions | 10/11 | €4,750,000 | €4,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€940,236 | -€911,202 | +€29,034 | +3.1% |
| Amounts payable | 17/49 | €4,230 | €34,296 | +€30,066 | +711% |
| Amounts payable after more than one year | 17 | - | €17,900 | +€17,900 | |
| Other amounts payable | 178/9 | - | €17,900 | +€17,900 | |
| Amounts payable within one year | 42/48 | €4,219 | €16,396 | +€12,177 | +289% |
| Trade debts | 44 | €2,419 | €1,800 | -€619 | -25.6% |
| Suppliers | 440/4 | €2,419 | €1,800 | -€619 | -25.6% |
| Taxes, remuneration and social security | 45 | - | €12,499 | +€12,499 | |
| Taxes | 450/3 | - | €12,499 | +€12,499 | |
| Other amounts payable | 47/48 | €1,800 | €2,096 | +€296 | +16.5% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,670 | €27,850 | +€180 | +0.7% |
| Other operating charges | 640/8 | €8,550 | €10,470 | +€1,921 | +22.5% |
| Gross operating margin | 9900 | €60,283 | €64,399 | +€4,116 | +6.8% |
| Operating profit (loss) | 9901 | €24,064 | €26,079 | +€2,015 | +8.4% |
| Financial income | 75/76B | €202,927 | €763,130 | +€560,203 | +276% |
| Recurring financial income | 75 | €202,927 | €763,130 | +€560,203 | +276% |
| Financial charges | 65/66B | €48 | €750,094 | +€750,046 | +1,559,023% |
| Recurring financial charges | 65 | €48 | €94 | +€46 | +95.6% |
| Non-recurring financial charges | 66B | - | €750,000 | +€750,000 | |
| Profit (loss) for the period before taxes | 9903 | €226,942 | €39,115 | -€187,828 | -82.8% |
| Income taxes | 67/77 | €3,004 | €10,080 | +€7,076 | +236% |
| Profit (loss) for the period | 9904 | €223,938 | €29,034 | -€194,904 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €223,938 | €29,034 | -€194,904 | -87.0% |
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 13 October 2026 via checked.be.