Holemans: what changed
Two fiscal 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.
Holemans
Largest movements
- Cash +€230,404
up €230,404 (+124.8%), from €184,564 to €414,968
mainly Receivables after one year (+€185,000) and Net result for the year (+€153,993)
- Receivables after one year -€185,000
down €185,000 (-21.0%), from €880,000 to €695,000
- Tangible fixed assets -€43,459
down €43,459 (-8.7%), from €497,149 to €453,690
of which Land and buildings: -€28,387
- Reserves +€92,357
up €92,357 (+14.0%), from €660,007 to €752,364
of which Distributable reserves: +€102,357
- Debts after one year -€58,593
down €58,593 (-28.0%), from €209,284 to €150,691
- Other debts -€26,960
down €26,960 (-31.5%), from €85,514 to €58,554
- Gross operating margin -€95,324
down €95,324 (-18.1%), from €525,522 to €430,197
- Financial income +€23,072
up €23,072 (+141.3%), from €16,324 to €39,396
- Other operating charges -€15,416
down €15,416 (-88.2%), from €17,476 to €2,060
- Taxes -€13,656
down €13,656 (-16.6%), from €82,416 to €68,760
- Depreciation -€6,826
down €6,826 (-15.5%), from €43,910 to €37,084
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.
Cash bridge derived
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 | €1,593,588 | €1,591,464 | -€2,123 | -0.1% |
| Fixed assets | 21/28 | €497,532 | €454,072 | -€43,459 | -8.7% |
| Tangible fixed assets | 22/27 | €497,149 | €453,690 | -€43,459 | -8.7% |
| Land and buildings | 22 | €461,825 | €433,438 | -€28,387 | -6.1% |
| Plant, machinery and equipment | 23 | €24,994 | €17,568 | -€7,425 | -29.7% |
| Furniture and vehicles | 24 | €10,330 | €2,683 | -€7,646 | -74.0% |
| Financial fixed assets | 28 | €383 | €383 | = | 0.0% |
| Current assets | 29/58 | €1,096,056 | €1,137,392 | +€41,336 | +3.8% |
| Amounts receivable after more than one year | 29 | €880,000 | €695,000 | -€185,000 | -21.0% |
| Other amounts receivable | 291 | €880,000 | €695,000 | -€185,000 | -21.0% |
| Amounts receivable within one year | 40/41 | €30,390 | €27,424 | -€2,966 | -9.8% |
| Trade receivables | 40 | €30,390 | €27,424 | -€2,966 | -9.8% |
| Cash at bank and in hand | 54/58 | €184,564 | €414,968 | +€230,404 | +124.8% |
| Deferred charges and accrued income | 490/1 | €1,102 | €0 | -€1,102 | -100.0% |
| Total equity and liabilities | 10/49 | €1,593,588 | €1,591,464 | -€2,123 | -0.1% |
| Equity | 10/15 | €1,063,093 | €1,155,451 | +€92,357 | +8.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €660,007 | €752,364 | +€92,357 | +14.0% |
| Non-distributable reserves | 130/1 | €10,000 | €0 | -€10,000 | -100.0% |
| Reserves not available under the articles | 1311 | €10,000 | €0 | -€10,000 | -100.0% |
| Distributable reserves | 133 | €650,007 | €752,364 | +€102,357 | +15.7% |
| Profit (loss) carried forward | 14 | €303,087 | €303,087 | = | 0.0% |
| Amounts payable | 17/49 | €530,495 | €436,014 | -€94,481 | -17.8% |
| Amounts payable after more than one year | 17 | €209,284 | €150,691 | -€58,593 | -28.0% |
| Financial debts | 170/4 | €209,284 | €150,691 | -€58,593 | -28.0% |
| Amounts payable within one year | 42/48 | €269,833 | €224,865 | -€44,967 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €69,008 | €63,222 | -€5,785 | -8.4% |
| Trade debts | 44 | €16,975 | €15,221 | -€1,754 | -10.3% |
| Suppliers | 440/4 | €16,975 | €15,221 | -€1,754 | -10.3% |
| Taxes, remuneration and social security | 45 | €98,336 | €87,868 | -€10,468 | -10.6% |
| Taxes | 450/3 | €76,537 | €65,296 | -€11,241 | -14.7% |
| Remuneration and social security | 454/9 | €21,799 | €22,572 | +€773 | +3.5% |
| Other amounts payable | 47/48 | €85,514 | €58,554 | -€26,960 | -31.5% |
| Accrued charges and deferred income | 492/3 | €51,378 | €60,457 | +€9,080 | +17.7% |
| Non-recurring operating income | 76A | €0 | €5,625 | +€5,625 | |
| Remuneration, social security and pensions | 62 | €198,950 | €195,735 | -€3,215 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,910 | €37,084 | -€6,826 | -15.5% |
| Other operating charges | 640/8 | €17,476 | €2,060 | -€15,416 | -88.2% |
| Gross operating margin | 9900 | €525,522 | €430,197 | -€95,324 | -18.1% |
| Operating profit (loss) | 9901 | €265,187 | €195,318 | -€69,868 | -26.3% |
| Financial income | 75/76B | €16,324 | €39,396 | +€23,072 | +141.3% |
| Recurring financial income | 75 | €16,324 | €39,396 | +€23,072 | +141.3% |
| Financial charges | 65/66B | €14,597 | €11,962 | -€2,635 | -18.0% |
| Recurring financial charges | 65 | €14,597 | €11,962 | -€2,635 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €266,914 | €222,753 | -€44,161 | -16.5% |
| Income taxes | 67/77 | €82,416 | €68,760 | -€13,656 | -16.6% |
| Profit (loss) for the period | 9904 | €184,498 | €153,993 | -€30,505 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €184,498 | €153,993 | -€30,505 | -16.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.