HOLDING DES ANGES: 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.
HOLDING DES ANGES
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+29.7%), from €6.2m to €8.0m
- Current investments -€1.3m
down €1.3m (-20.2%), from €6.5m to €5.2m
- Reserves +€309,610
up €309,610 (+1.8%), from €17.2m to €17.5m
of which Distributable reserves: +€309,610
- Financial charges -€2.3m
down €2.3m (-98.8%), from €2.3m to €28,424
of which Financial charges: -€1.4m
- Financial income -€315,647
down €315,647 (-43.3%), from €728,701 to €413,055
- Taxes +€30,961
new in 2025: €30,961
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 | €18,330,255 | €18,670,629 | +€340,374 | +1.9% |
| Fixed assets | 21/28 | €5,179,759 | €5,179,759 | = | 0.0% |
| Financial fixed assets | 28 | €5,179,759 | €5,179,759 | = | 0.0% |
| Current assets | 29/58 | €13,150,497 | €13,490,871 | +€340,374 | +2.6% |
| Amounts receivable within one year | 40/41 | €6,163,688 | €7,993,150 | +€1.8m | +29.7% |
| Other amounts receivable | 41 | €6,163,688 | €7,993,150 | +€1.8m | +29.7% |
| Current investments | 50/53 | €6,468,527 | €5,160,120 | -€1.3m | -20.2% |
| Cash at bank and in hand | 54/58 | €518,221 | €337,532 | -€180,689 | -34.9% |
| Deferred charges and accrued income | 490/1 | €61 | €69 | +€8 | +13.3% |
| Total equity and liabilities | 10/49 | €18,330,255 | €18,670,629 | +€340,374 | +1.9% |
| Equity | 10/15 | €17,836,033 | €18,145,643 | +€309,610 | +1.7% |
| Contributions | 10/11 | €658,341 | €658,341 | = | 0.0% |
| Reserves | 13 | €17,177,692 | €17,487,302 | +€309,610 | +1.8% |
| Non-distributable reserves | 130/1 | €7,613 | €7,613 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,613 | €7,613 | = | 0.0% |
| Distributable reserves | 133 | €17,170,079 | €17,479,689 | +€309,610 | +1.8% |
| Amounts payable | 17/49 | €494,222 | €524,986 | +€30,764 | +6.2% |
| Amounts payable within one year | 42/48 | €494,222 | €524,986 | +€30,764 | +6.2% |
| Trade debts | 44 | €1,091 | €10,006 | +€8,915 | +816.8% |
| Suppliers | 440/4 | €1,091 | €10,006 | +€8,915 | +816.8% |
| Taxes, remuneration and social security | 45 | €10,444 | €49,781 | +€39,337 | +376.7% |
| Taxes | 450/3 | €10,444 | €49,781 | +€39,337 | +376.7% |
| Other amounts payable | 47/48 | €482,687 | €465,199 | -€17,488 | -3.6% |
| Other operating charges | 640/8 | €85 | €88 | +€3 | +3.1% |
| Gross operating margin | 9900 | -€43,560 | -€43,972 | -€412 | -0.9% |
| Operating profit (loss) | 9901 | -€43,645 | -€44,060 | -€415 | -1.0% |
| Financial income | 75/76B | €728,701 | €413,055 | -€315,647 | -43.3% |
| Recurring financial income | 75 | €728,701 | €413,055 | -€315,647 | -43.3% |
| Financial charges | 65/66B | €2,319,277 | €28,424 | -€2.3m | -98.8% |
| Recurring financial charges | 65 | €1,463,728 | €28,424 | -€1.4m | -98.1% |
| Non-recurring financial charges | 66B | €855,549 | €0 | -€855,549 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,634,221 | €340,571 | +€2.0m | |
| Income taxes | 67/77 | - | €30,961 | +€30,961 | |
| Profit (loss) for the period | 9904 | -€1,634,221 | €309,610 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,634,221 | €309,610 | +€1.9m |
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 11 October 2026 via checked.be.