HOLDIX: 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.
HOLDIX
Largest movements
- Current investments +€749,906
new in 2025: €749,906
- Cash -€154,926
down €154,926 (-64.9%), from €238,894 to €83,969
mainly Current investments (-€749,906) and Contributions, distributions and other (-€421,051)
- Tangible fixed assets -€151,454
down €151,454 (-95.1%), from €159,209 to €7,755
of which Land and buildings: -€144,546
- Other debts +€398,289
up €398,289 (+1,375%), from €28,968 to €427,257
- Tax, wage and social debts +€45,801
up €45,801 (+931%), from €4,922 to €50,723
- Gross operating margin +€548,789
up €548,789 (+984%), from €55,785 to €604,574
- Taxes +€160,697
up €160,697 (+2,776%), from €5,788 to €166,485
- Depreciation -€22,650
down €22,650 (-88.7%), from €25,523 to €2,872
- Other operating charges +€8,411
up €8,411 (+170%), from €4,936 to €13,347
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 | €2,177,598 | €2,628,399 | +€450,801 | +20.7% |
| Fixed assets | 21/28 | €1,907,808 | €1,756,355 | -€151,454 | -7.9% |
| Intangible fixed assets | 21 | €48,585 | €48,585 | = | 0.0% |
| Tangible fixed assets | 22/27 | €159,209 | €7,755 | -€151,454 | -95.1% |
| Land and buildings | 22 | €146,016 | €1,470 | -€144,546 | -99.0% |
| Plant, machinery and equipment | 23 | €4,953 | €2,930 | -€2,023 | -40.8% |
| Furniture and vehicles | 24 | €8,239 | €3,354 | -€4,885 | -59.3% |
| Financial fixed assets | 28 | €1,700,015 | €1,700,015 | = | 0.0% |
| Current assets | 29/58 | €269,790 | €872,044 | +€602,255 | +223% |
| Amounts receivable within one year | 40/41 | €29,421 | €11,540 | -€17,881 | -60.8% |
| Trade receivables | 40 | €29,421 | €11,540 | -€17,881 | -60.8% |
| Current investments | 50/53 | - | €749,906 | +€749,906 | |
| Cash at bank and in hand | 54/58 | €238,894 | €83,969 | -€154,926 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,475 | €26,630 | +€25,155 | +1,706% |
| Total equity and liabilities | 10/49 | €2,177,598 | €2,628,399 | +€450,801 | +20.7% |
| Equity | 10/15 | €2,142,006 | €2,145,803 | +€3,798 | +0.2% |
| Contributions | 10/11 | €406,200 | €406,200 | = | 0.0% |
| Reserves | 13 | €1,735,806 | €1,739,603 | +€3,798 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,735,806 | €1,739,603 | +€3,798 | +0.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,593 | €482,596 | +€447,003 | +1,256% |
| Amounts payable within one year | 42/48 | €35,200 | €482,596 | +€447,396 | +1,271% |
| Trade debts | 44 | €1,310 | €4,616 | +€3,305 | +252% |
| Suppliers | 440/4 | €1,310 | €4,616 | +€3,305 | +252% |
| Taxes, remuneration and social security | 45 | €4,922 | €50,723 | +€45,801 | +931% |
| Taxes | 450/3 | €4,922 | €50,723 | +€45,801 | +931% |
| Other amounts payable | 47/48 | €28,968 | €427,257 | +€398,289 | +1,375% |
| Accrued charges and deferred income | 492/3 | €393 | €0 | -€393 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,523 | €2,872 | -€22,650 | -88.7% |
| Other operating charges | 640/8 | €4,936 | €13,347 | +€8,411 | +170% |
| Gross operating margin | 9900 | €55,785 | €604,574 | +€548,789 | +984% |
| Operating profit (loss) | 9901 | €25,326 | €588,355 | +€563,029 | +2,223% |
| Financial income | 75/76B | €812 | €5,856 | +€5,044 | +621% |
| Recurring financial income | 75 | €812 | €5,856 | +€5,044 | +621% |
| Financial charges | 65/66B | €3,002 | €2,878 | -€124 | -4.1% |
| Recurring financial charges | 65 | €3,002 | €2,878 | -€124 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €23,137 | €591,334 | +€568,197 | +2,456% |
| Income taxes | 67/77 | €5,788 | €166,485 | +€160,697 | +2,776% |
| Profit (loss) for the period | 9904 | €17,349 | €424,849 | +€407,500 | +2,349% |
| Profit (loss) for the period to be appropriated | 9905 | €17,349 | €424,849 | +€407,500 | +2,349% |
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 1 November 2026 via checked.be.