HOLDING FINANCES: 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 FINANCES
Largest movements
- Cash +€5,025
up €5,025 (+15.4%), from €32,641 to €37,666
mainly Contributions, distributions and other (+€55,120) and Other debts (+€10,315)
- Tangible fixed assets -€914
down €914 (-24.0%), from €3,812 to €2,898
- Provisions -€55,120
no longer reported in 2025 (was €55,120)
- Profit (loss) carried forward +€53,010
up €53,010 (+64.9%), from -€81,624 to -€28,614
- Other debts +€10,315
up €10,315 (+177.8%), from €5,802 to €16,117
- Reserves -€8,299
down €8,299 (-30.7%), from €27,049 to €18,750
of which Distributable reserves: -€8,299
- Trade debts +€2,607
up €2,607 (+15.6%), from €16,722 to €19,328
- Staff costs -€19,371
down €19,371 (-9.2%), from €211,194 to €191,823
- Gross operating margin -€17,148
down €17,148 (-7.8%), from €221,228 to €204,080
- Taxes +€10,472
up €10,472 (+182.0%), from €5,755 to €16,226
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 | €76,923 | €80,722 | +€3,799 | +4.9% |
| Fixed assets | 21/28 | €3,956 | €3,042 | -€914 | -23.1% |
| Tangible fixed assets | 22/27 | €3,812 | €2,898 | -€914 | -24.0% |
| Plant, machinery and equipment | 23 | €1,388 | €1,089 | -€300 | -21.6% |
| Furniture and vehicles | 24 | €639 | €323 | -€316 | -49.4% |
| Other tangible fixed assets | 26 | €1,785 | €1,486 | -€299 | -16.7% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €72,967 | €77,680 | +€4,713 | +6.5% |
| Amounts receivable within one year | 40/41 | €38,778 | €38,956 | +€179 | +0.5% |
| Trade receivables | 40 | €38,778 | €38,956 | +€179 | +0.5% |
| Cash at bank and in hand | 54/58 | €32,641 | €37,666 | +€5,025 | +15.4% |
| Deferred charges and accrued income | 490/1 | €1,548 | €1,058 | -€490 | -31.6% |
| Total equity and liabilities | 10/49 | €76,923 | €80,722 | +€3,799 | +4.9% |
| Equity | 10/15 | -€48,420 | -€3,709 | +€44,711 | +92.3% |
| Contributions | 10/11 | €6,155 | €6,155 | = | 0.0% |
| Reserves | 13 | €27,049 | €18,750 | -€8,299 | -30.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €8,299 | - | -€8,299 | |
| Profit (loss) carried forward | 14 | -€81,624 | -€28,614 | +€53,010 | +64.9% |
| Provisions and deferred taxes | 16 | €55,120 | - | -€55,120 | |
| Provisions for liabilities and charges | 160/5 | €55,120 | - | -€55,120 | |
| Major repairs and maintenance | 162 | €55,120 | - | -€55,120 | |
| Amounts payable | 17/49 | €70,223 | €84,431 | +€14,208 | +20.2% |
| Amounts payable within one year | 42/48 | €70,223 | €84,431 | +€14,208 | +20.2% |
| Trade debts | 44 | €16,722 | €19,328 | +€2,607 | +15.6% |
| Suppliers | 440/4 | €16,722 | €19,328 | +€2,607 | +15.6% |
| Taxes, remuneration and social security | 45 | €47,699 | €48,985 | +€1,286 | +2.7% |
| Taxes | 450/3 | €8,305 | €18,785 | +€10,480 | +126.2% |
| Remuneration and social security | 454/9 | €39,394 | €30,201 | -€9,194 | -23.3% |
| Other amounts payable | 47/48 | €5,802 | €16,117 | +€10,315 | +177.8% |
| Remuneration, social security and pensions | 62 | €211,194 | €191,823 | -€19,371 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €914 | +€189 | +26.1% |
| Other operating charges | 640/8 | €3,352 | €5,553 | +€2,201 | +65.7% |
| Gross operating margin | 9900 | €221,228 | €204,080 | -€17,148 | -7.8% |
| Operating profit (loss) | 9901 | €5,957 | €5,790 | -€167 | -2.8% |
| Financial income | 75/76B | €329 | €327 | -€2 | -0.7% |
| Recurring financial income | 75 | €329 | €327 | -€2 | -0.7% |
| Financial charges | 65/66B | €299 | €299 | +€0 | 0.0% |
| Recurring financial charges | 65 | €299 | €271 | -€29 | -9.5% |
| Non-recurring financial charges | 66B | - | €29 | +€29 | |
| Profit (loss) for the period before taxes | 9903 | €5,987 | €5,817 | -€169 | -2.8% |
| Income taxes | 67/77 | €5,755 | €16,226 | +€10,472 | +182.0% |
| Profit (loss) for the period | 9904 | €232 | -€10,409 | -€10,641 | |
| Profit (loss) for the period to be appropriated | 9905 | €232 | -€10,409 | -€10,641 |
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 12 October 2026 via checked.be.