HOLDIWA: 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.
HOLDIWA
Largest movements
- Cash -€28,599
down €28,599 (-71.6%), from €39,951 to €11,352
mainly Debts after one year (-€50,400) and Tax, wage and social debts (-€17,258)
- Debts after one year -€50,400
down €50,400 (-8.9%), from €567,000 to €516,600
- Profit (loss) carried forward +€36,741
up €36,741 (+33.8%), from €108,752 to €145,493
- Tax, wage and social debts -€17,258
down €17,258 (-37.9%), from €45,537 to €28,279
of which Taxes: -€20,008
- Gross operating margin -€2,842
down €2,842 (-5.1%), from €55,978 to €53,136
- Taxes -€942
down €942 (-8.5%), from €11,058 to €10,116
- Financial charges +€849
up €849 (+30.3%), from €2,807 to €3,656
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 | €789,131 | €761,627 | -€27,504 | -3.5% |
| Fixed assets | 21/28 | €745,985 | €745,985 | = | 0.0% |
| Financial fixed assets | 28 | €745,985 | €745,985 | = | 0.0% |
| Current assets | 29/58 | €43,146 | €15,642 | -€27,504 | -63.7% |
| Cash at bank and in hand | 54/58 | €39,951 | €11,352 | -€28,599 | -71.6% |
| Deferred charges and accrued income | 490/1 | €3,195 | €4,290 | +€1,095 | +34.3% |
| Total equity and liabilities | 10/49 | €789,131 | €761,627 | -€27,504 | -3.5% |
| Equity | 10/15 | €123,752 | €160,493 | +€36,741 | +29.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,752 | €145,493 | +€36,741 | +33.8% |
| Amounts payable | 17/49 | €665,378 | €601,134 | -€64,244 | -9.7% |
| Amounts payable after more than one year | 17 | €567,000 | €516,600 | -€50,400 | -8.9% |
| Other amounts payable | 178/9 | €567,000 | €516,600 | -€50,400 | -8.9% |
| Amounts payable within one year | 42/48 | €98,350 | €84,509 | -€13,841 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €50,400 | €50,400 | = | 0.0% |
| Trade debts | 44 | €2,194 | €4,309 | +€2,115 | +96.4% |
| Suppliers | 440/4 | €2,194 | €4,309 | +€2,115 | +96.4% |
| Taxes, remuneration and social security | 45 | €45,537 | €28,279 | -€17,258 | -37.9% |
| Taxes | 450/3 | €45,537 | €25,529 | -€20,008 | -43.9% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Other amounts payable | 47/48 | €218 | €1,521 | +€1,303 | +598% |
| Accrued charges and deferred income | 492/3 | €29 | €25 | -€4 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69 | - | -€69 | |
| Other operating charges | 640/8 | €1,240 | €1,790 | +€551 | +44.4% |
| Gross operating margin | 9900 | €55,978 | €53,136 | -€2,842 | -5.1% |
| Operating profit (loss) | 9901 | €54,669 | €51,345 | -€3,324 | -6.1% |
| Financial charges | 65/66B | €2,807 | €3,656 | +€849 | +30.3% |
| Recurring financial charges | 65 | €2,807 | €3,656 | +€849 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €51,862 | €47,689 | -€4,173 | -8.0% |
| Income taxes | 67/77 | €11,058 | €10,116 | -€942 | -8.5% |
| Profit (loss) for the period | 9904 | €40,805 | €37,574 | -€3,231 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,805 | €37,574 | -€3,231 | -7.9% |
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 18 October 2026 via checked.be.