HolDru: 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.
HolDru
Largest movements
- Tangible fixed assets -€10,475
down €10,475 (-3.1%), from €342,766 to €332,291
- Receivables within one year +€5,769
up €5,769 (+49.9%), from €11,565 to €17,334
of which Trade receivables: +€4,824
- Debts after one year -€33,219
down €33,219 (-11.9%), from €279,797 to €246,578
- Other debts +€16,724
up €16,724 (+11.9%), from €140,390 to €157,115
- Reserves +€8,759
up €8,759 (+250%), from €3,500 to €12,259
- Tax, wage and social debts +€5,236
up €5,236 (+380%), from €1,377 to €6,613
- Gross operating margin +€30,326
up €30,326 (+903%), from €3,357 to €33,683
- Financial charges +€5,357
up €5,357 (+101%), from €5,299 to €10,656
- Depreciation +€4,495
up €4,495 (+75.2%), from €5,980 to €10,475
- Taxes +€2,758
new in 2025: €2,758
- Other operating charges +€1,074
up €1,074 (+174%), from €616 to €1,690
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 | €458,784 | €455,025 | -€3,759 | -0.8% |
| Fixed assets | 21/28 | €442,766 | €432,291 | -€10,475 | -2.4% |
| Tangible fixed assets | 22/27 | €342,766 | €332,291 | -€10,475 | -3.1% |
| Land and buildings | 22 | €342,766 | €332,291 | -€10,475 | -3.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €16,018 | €22,734 | +€6,716 | +41.9% |
| Amounts receivable within one year | 40/41 | €11,565 | €17,334 | +€5,769 | +49.9% |
| Trade receivables | 40 | - | €4,824 | +€4,824 | |
| Other amounts receivable | 41 | €11,565 | €12,510 | +€945 | +8.2% |
| Cash at bank and in hand | 54/58 | €4,400 | €5,400 | +€1,000 | +22.7% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €458,784 | €455,025 | -€3,759 | -0.8% |
| Equity | 10/15 | €2,620 | €11,379 | +€8,759 | +334% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €12,259 | +€8,759 | +250% |
| Distributable reserves | 133 | €3,500 | €12,259 | +€8,759 | +250% |
| Profit (loss) carried forward | 14 | -€10,880 | -€10,880 | +€0 | 0.0% |
| Amounts payable | 17/49 | €456,163 | €443,645 | -€12,518 | -2.7% |
| Amounts payable after more than one year | 17 | €279,797 | €246,578 | -€33,219 | -11.9% |
| Financial debts | 170/4 | €279,797 | €246,578 | -€33,219 | -11.9% |
| Amounts payable within one year | 42/48 | €176,366 | €196,586 | +€20,220 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €33,204 | €31,641 | -€1,563 | -4.7% |
| Trade debts | 44 | €1,394 | €1,217 | -€177 | -12.7% |
| Suppliers | 440/4 | €1,394 | €1,217 | -€177 | -12.7% |
| Taxes, remuneration and social security | 45 | €1,377 | €6,613 | +€5,236 | +380% |
| Taxes | 450/3 | €1,377 | €6,613 | +€5,236 | +380% |
| Other amounts payable | 47/48 | €140,390 | €157,115 | +€16,724 | +11.9% |
| Accrued charges and deferred income | 492/3 | - | €480 | +€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,980 | €10,475 | +€4,495 | +75.2% |
| Other operating charges | 640/8 | €616 | €1,690 | +€1,074 | +174% |
| Gross operating margin | 9900 | €3,357 | €33,683 | +€30,326 | +903% |
| Operating profit (loss) | 9901 | -€3,240 | €21,518 | +€24,758 | |
| Financial income | 75/76B | €427 | €656 | +€229 | +53.5% |
| Recurring financial income | 75 | €427 | €656 | +€229 | +53.5% |
| Financial charges | 65/66B | €5,299 | €10,656 | +€5,357 | +101% |
| Recurring financial charges | 65 | €5,299 | €10,656 | +€5,357 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€8,113 | €11,517 | +€19,630 | |
| Income taxes | 67/77 | - | €2,758 | +€2,758 | |
| Profit (loss) for the period | 9904 | -€8,113 | €8,759 | +€16,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,113 | €8,759 | +€16,872 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.