Holherbi: 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.
Holherbi
Largest movements
- Cash -€46,733
down €46,733 (-29.7%), from €157,137 to €110,403
mainly Contributions, distributions and other (-€120,000) and Net result for the year (-€28,208)
- Receivables within one year -€40,220
down €40,220 (-42.5%), from €94,678 to €54,458
of which Other amounts receivable: -€22,116
- Tangible fixed assets -€32,427
down €32,427 (-12.3%), from €262,898 to €230,471
- Reserves -€140,000
down €140,000 (-44.4%), from €315,634 to €175,634
of which Distributable reserves: -€140,000
- Other debts +€72,000
up €72,000 (+150.0%), from €48,000 to €120,000
- Debts after one year -€20,991
down €20,991 (-13.3%), from €157,389 to €136,397
- Trade debts -€11,639
down €11,639 (-95.8%), from €12,145 to €506
- Current portion of long-term debt -€10,603
down €10,603 (-33.6%), from €31,594 to €20,991
- Gross operating margin -€13,452
down €13,452 (-1176.8%), from -€1,143 to -€14,595
- Financial income -€2,173
down €2,173 (-7.5%), from €28,909 to €26,736
- Depreciation -€1,042
down €1,042 (-3.0%), from €34,741 to €33,700
- Financial charges -€959
down €959 (-14.5%), from €6,627 to €5,668
- Other operating charges -€404
down €404 (-29.2%), from €1,384 to €980
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 | €710,754 | €591,313 | -€119,441 | -16.8% |
| Fixed assets | 21/28 | €329,829 | €297,402 | -€32,427 | -9.8% |
| Tangible fixed assets | 22/27 | €262,898 | €230,471 | -€32,427 | -12.3% |
| Land and buildings | 22 | €188,235 | €176,742 | -€11,493 | -6.1% |
| Plant, machinery and equipment | 23 | €79 | - | -€79 | |
| Furniture and vehicles | 24 | €18,771 | €12,385 | -€6,386 | -34.0% |
| Leasing and similar rights | 25 | €55,813 | €41,344 | -€14,469 | -25.9% |
| Financial fixed assets | 28 | €66,931 | €66,931 | = | 0.0% |
| Current assets | 29/58 | €380,925 | €293,911 | -€87,014 | -22.8% |
| Stocks and contracts in progress | 3 | €126,999 | €126,999 | = | 0.0% |
| Stocks | 30/36 | €126,999 | €126,999 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,678 | €54,458 | -€40,220 | -42.5% |
| Trade receivables | 40 | €23,363 | €5,258 | -€18,105 | -77.5% |
| Other amounts receivable | 41 | €71,315 | €49,200 | -€22,116 | -31.0% |
| Cash at bank and in hand | 54/58 | €157,137 | €110,403 | -€46,733 | -29.7% |
| Deferred charges and accrued income | 490/1 | €2,110 | €2,050 | -€60 | -2.8% |
| Total equity and liabilities | 10/49 | €710,754 | €591,313 | -€119,441 | -16.8% |
| Equity | 10/15 | €461,626 | €313,419 | -€148,208 | -32.1% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €315,634 | €175,634 | -€140,000 | -44.4% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Distributable reserves | 133 | €302,000 | €162,000 | -€140,000 | -46.4% |
| Profit (loss) carried forward | 14 | €9,651 | €1,443 | -€8,208 | -85.0% |
| Amounts payable | 17/49 | €249,127 | €277,894 | +€28,767 | +11.5% |
| Amounts payable after more than one year | 17 | €157,389 | €136,397 | -€20,991 | -13.3% |
| Financial debts | 170/4 | €157,389 | €136,397 | -€20,991 | -13.3% |
| Amounts payable within one year | 42/48 | €91,739 | €141,497 | +€49,758 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €31,594 | €20,991 | -€10,603 | -33.6% |
| Trade debts | 44 | €12,145 | €506 | -€11,639 | -95.8% |
| Suppliers | 440/4 | €12,145 | €506 | -€11,639 | -95.8% |
| Other amounts payable | 47/48 | €48,000 | €120,000 | +€72,000 | +150.0% |
| Non-recurring operating income | 76A | €12,397 | - | -€12,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,741 | €33,700 | -€1,042 | -3.0% |
| Other operating charges | 640/8 | €1,384 | €980 | -€404 | -29.2% |
| Non-recurring operating charges | 66A | €7 | - | -€7 | |
| Gross operating margin | 9900 | -€1,143 | -€14,595 | -€13,452 | -1176.8% |
| Operating profit (loss) | 9901 | -€37,276 | -€49,275 | -€11,999 | -32.2% |
| Financial income | 75/76B | €28,909 | €26,736 | -€2,173 | -7.5% |
| Recurring financial income | 75 | €28,909 | €26,736 | -€2,173 | -7.5% |
| Financial charges | 65/66B | €6,627 | €5,668 | -€959 | -14.5% |
| Recurring financial charges | 65 | €6,627 | €5,668 | -€959 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,994 | -€28,208 | -€13,213 | -88.1% |
| Profit (loss) for the period | 9904 | -€14,994 | -€28,208 | -€13,213 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,994 | -€28,208 | -€13,213 | -88.1% |
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 9 October 2026 via checked.be.