Holdup: 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.
Holdup
Largest movements
- Financial fixed assets -€1.5m
no longer reported in 2025 (was €1.5m)
- Receivables after one year +€350,000
new in 2025: €350,000
- Receivables within one year +€320,768
new in 2025: €320,768
- Current investments +€180,000
new in 2025: €180,000
- Other debts -€289,450
no longer reported in 2025 (was €289,450)
- Reserves -€208,670
down €208,670 (-23.9%), from €873,138 to €664,468
- Debts after one year -€100,350
down €100,350 (-47.6%), from €210,646 to €110,296
- Profit (loss) carried forward -€44,165
new in 2025: -€44,165
- Financial income -€83,534
down €83,534 (-90.8%), from €92,000 to €8,466
- Gross operating margin -€55,254
down €55,254 (-5,093%), from -€1,085 to -€56,339
- Financial charges -€2,796
down €2,796 (-41.6%), from €6,728 to €3,932
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 | €1,509,114 | €867,952 | -€641,162 | -42.5% |
| Fixed assets | 21/28 | €1,500,000 | - | -€1.5m | |
| Financial fixed assets | 28 | €1,500,000 | - | -€1.5m | |
| Current assets | 29/58 | €9,114 | €867,952 | +€858,838 | +9,423% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | - | €320,768 | +€320,768 | |
| Other amounts receivable | 41 | - | €320,768 | +€320,768 | |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €9,114 | €11,280 | +€2,165 | +23.8% |
| Deferred charges and accrued income | 490/1 | - | €5,904 | +€5,904 | |
| Total equity and liabilities | 10/49 | €1,509,114 | €867,952 | -€641,162 | -42.5% |
| Equity | 10/15 | €891,738 | €638,903 | -€252,835 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €873,138 | €664,468 | -€208,670 | -23.9% |
| Distributable reserves | 133 | €873,138 | €664,468 | -€208,670 | -23.9% |
| Profit (loss) carried forward | 14 | - | -€44,165 | -€44,165 | |
| Amounts payable | 17/49 | €617,376 | €229,049 | -€388,327 | -62.9% |
| Amounts payable after more than one year | 17 | €210,646 | €110,296 | -€100,350 | -47.6% |
| Financial debts | 170/4 | €210,646 | €110,296 | -€100,350 | -47.6% |
| Amounts payable within one year | 42/48 | €388,416 | €100,439 | -€287,977 | -74.1% |
| Current portion of amounts payable after more than one year | 42 | €98,966 | €100,350 | +€1,383 | +1.4% |
| Trade debts | 44 | - | €89 | +€89 | |
| Suppliers | 440/4 | - | €89 | +€89 | |
| Other amounts payable | 47/48 | €289,450 | - | -€289,450 | |
| Accrued charges and deferred income | 492/3 | €18,314 | €18,314 | = | 0.0% |
| Other operating charges | 640/8 | €1,022 | €1,030 | +€7 | +0.7% |
| Non-recurring operating charges | 66A | - | €200,000 | +€200,000 | |
| Gross operating margin | 9900 | -€1,085 | -€56,339 | -€55,254 | -5,093% |
| Operating profit (loss) | 9901 | -€2,107 | -€257,369 | -€255,262 | -12,114% |
| Financial income | 75/76B | €92,000 | €8,466 | -€83,534 | -90.8% |
| Recurring financial income | 75 | €92,000 | €8,466 | -€83,534 | -90.8% |
| Financial charges | 65/66B | €6,728 | €3,932 | -€2,796 | -41.6% |
| Recurring financial charges | 65 | €6,728 | €3,932 | -€2,796 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €83,165 | -€252,835 | -€336,000 | |
| Profit (loss) for the period | 9904 | €83,165 | -€252,835 | -€336,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,165 | -€252,835 | -€336,000 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.