HOLDING MANAGEMENT GESTION: 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 MANAGEMENT GESTION
Largest movements
- Receivables within one year -€45,570
down €45,570 (-46.1%), from €98,776 to €53,206
of which Other amounts receivable: -€50,000
- Cash +€13,621
up €13,621 (+35.5%), from €38,341 to €51,962
mainly Receivables within one year (+€45,570) and Trade debts (+€4,066)
- Tangible fixed assets -€3,514
no longer reported in 2025 (was €3,514)
- Profit (loss) carried forward -€34,923
down €34,923 (-34.6%), from €100,914 to €65,991
- Tax, wage and social debts -€6,320
down €6,320 (-25.5%), from €24,776 to €18,456
- Trade debts +€4,066
up €4,066 (+1,325%), from €307 to €4,372
- Accrued charges and deferred income +€3,080
new in 2025: €3,080
- Other debts -€1,503
down €1,503 (-43.4%), from €3,461 to €1,958
- Financial charges +€28,844
up €28,844 (+7,012%), from €411 to €29,255
of which Non-recurring financial charges: +€29,000
- Gross operating margin -€22,098
down €22,098 (-82.1%), from €26,902 to €4,804
- Taxes -€6,405
down €6,405 (-55.2%), from €11,599 to €5,194
- Depreciation -€1,219
down €1,219 (-25.8%), from €4,733 to €3,514
- Staff costs +€371
up €371 (+82.9%), from €448 to €819
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 | €140,817 | €105,217 | -€35,600 | -25.3% |
| Fixed assets | 21/28 | €3,564 | €50 | -€3,514 | -98.6% |
| Tangible fixed assets | 22/27 | €3,514 | - | -€3,514 | |
| Furniture and vehicles | 24 | €3,514 | - | -€3,514 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €137,253 | €105,167 | -€32,086 | -23.4% |
| Amounts receivable within one year | 40/41 | €98,776 | €53,206 | -€45,570 | -46.1% |
| Trade receivables | 40 | €5,250 | €9,680 | +€4,430 | +84.4% |
| Other amounts receivable | 41 | €93,526 | €43,526 | -€50,000 | -53.5% |
| Cash at bank and in hand | 54/58 | €38,341 | €51,962 | +€13,621 | +35.5% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €140,817 | €105,217 | -€35,600 | -25.3% |
| Equity | 10/15 | €112,274 | €77,351 | -€34,923 | -31.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €2,360 | €2,360 | = | 0.0% |
| Distributable reserves | 133 | €2,360 | €2,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,914 | €65,991 | -€34,923 | -34.6% |
| Amounts payable | 17/49 | €28,544 | €27,866 | -€677 | -2.4% |
| Amounts payable within one year | 42/48 | €28,544 | €24,786 | -€3,757 | -13.2% |
| Trade debts | 44 | €307 | €4,372 | +€4,066 | +1,325% |
| Suppliers | 440/4 | €307 | €4,372 | +€4,066 | +1,325% |
| Taxes, remuneration and social security | 45 | €24,776 | €18,456 | -€6,320 | -25.5% |
| Taxes | 450/3 | €24,776 | €18,456 | -€6,320 | -25.5% |
| Other amounts payable | 47/48 | €3,461 | €1,958 | -€1,503 | -43.4% |
| Accrued charges and deferred income | 492/3 | - | €3,080 | +€3,080 | |
| Remuneration, social security and pensions | 62 | €448 | €819 | +€371 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,733 | €3,514 | -€1,219 | -25.8% |
| Other operating charges | 640/8 | €673 | €946 | +€272 | +40.4% |
| Gross operating margin | 9900 | €26,902 | €4,804 | -€22,098 | -82.1% |
| Operating profit (loss) | 9901 | €21,048 | -€475 | -€21,523 | |
| Financial income | 75/76B | €327 | €2 | -€325 | -99.5% |
| Recurring financial income | 75 | €327 | €2 | -€325 | -99.5% |
| Financial charges | 65/66B | €411 | €29,255 | +€28,844 | +7,012% |
| Recurring financial charges | 65 | €411 | €255 | -€156 | -38.0% |
| Non-recurring financial charges | 66B | - | €29,000 | +€29,000 | |
| Profit (loss) for the period before taxes | 9903 | €20,964 | -€29,728 | -€50,692 | |
| Income taxes | 67/77 | €11,599 | €5,194 | -€6,405 | -55.2% |
| Profit (loss) for the period | 9904 | €9,365 | -€34,923 | -€44,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,365 | -€34,923 | -€44,287 |
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 31 October 2026 via checked.be.