HOLDING LES ETANGS: 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 LES ETANGS
Largest movements
- Tangible fixed assets -€61,305
down €61,305 (-5.5%), from €1.1m to €1.1m
of which Plant, machinery and equipment: -€33,910
- Other debts -€39,450
down €39,450 (-3.8%), from €1.0m to €988,752
- Debts after one year -€39,217
down €39,217 (-5.6%), from €698,538 to €659,321
- Gross operating margin +€7,616
up €7,616 (+9.9%), from €76,653 to €84,269
- Depreciation +€5,134
up €5,134 (+9.1%), from €56,171 to €61,305
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 | €1,116,629 | €1,058,977 | -€57,652 | -5.2% |
| Fixed assets | 21/28 | €1,113,660 | €1,052,356 | -€61,305 | -5.5% |
| Tangible fixed assets | 22/27 | €1,113,660 | €1,052,356 | -€61,305 | -5.5% |
| Land and buildings | 22 | €862,184 | €834,789 | -€27,395 | -3.2% |
| Plant, machinery and equipment | 23 | €251,477 | €217,567 | -€33,910 | -13.5% |
| Current assets | 29/58 | €2,969 | €6,621 | +€3,652 | +123% |
| Cash at bank and in hand | 54/58 | €2,969 | €6,621 | +€3,652 | +123% |
| Total equity and liabilities | 10/49 | €1,116,629 | €1,058,977 | -€57,652 | -5.2% |
| Equity | 10/15 | -€648,759 | -€639,315 | +€9,444 | +1.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €3,335 | €3,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,335 | €3,335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,335 | €3,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€702,095 | -€692,650 | +€9,444 | +1.3% |
| Amounts payable | 17/49 | €1,765,389 | €1,698,292 | -€67,097 | -3.8% |
| Amounts payable after more than one year | 17 | €698,538 | €659,321 | -€39,217 | -5.6% |
| Financial debts | 170/4 | €698,538 | €659,321 | -€39,217 | -5.6% |
| Amounts payable within one year | 42/48 | €1,066,851 | €1,038,971 | -€27,880 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €38,582 | €39,217 | +€635 | +1.6% |
| Trade debts | 44 | €67 | €11,003 | +€10,936 | +16,373% |
| Suppliers | 440/4 | €67 | €11,003 | +€10,936 | +16,373% |
| Other amounts payable | 47/48 | €1,028,202 | €988,752 | -€39,450 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,171 | €61,305 | +€5,134 | +9.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €76,653 | €84,269 | +€7,616 | +9.9% |
| Operating profit (loss) | 9901 | €19,514 | €21,965 | +€2,451 | +12.6% |
| Financial charges | 65/66B | €12,906 | €12,521 | -€385 | -3.0% |
| Recurring financial charges | 65 | €12,906 | €12,521 | -€385 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €6,608 | €9,444 | +€2,836 | +42.9% |
| Profit (loss) for the period | 9904 | €6,608 | €9,444 | +€2,836 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,608 | €9,444 | +€2,836 | +42.9% |
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 26 October 2026 via checked.be.