HOLI Vastgoed: 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.
HOLI Vastgoed
Largest movements
- Receivables within one year +€59,717
up €59,717 (+384%), from €15,570 to €75,287
of which Trade receivables: +€59,715
- Tangible fixed assets -€38,888
down €38,888 (-4.1%), from €957,083 to €918,196
- Debts after one year +€13,564
up €13,564 (+1.3%), from €1.0m to €1.0m
- Gross operating margin -€4,044
down €4,044 (-4.2%), from €95,835 to €91,791
- Financial charges -€1,643
down €1,643 (-4.6%), from €36,045 to €34,402
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 | €980,708 | €1,000,889 | +€20,181 | +2.1% |
| Fixed assets | 21/28 | €957,083 | €918,196 | -€38,888 | -4.1% |
| Tangible fixed assets | 22/27 | €957,083 | €918,196 | -€38,888 | -4.1% |
| Land and buildings | 22 | €957,083 | €918,196 | -€38,888 | -4.1% |
| Current assets | 29/58 | €23,624 | €82,693 | +€59,069 | +250% |
| Amounts receivable within one year | 40/41 | €15,570 | €75,287 | +€59,717 | +384% |
| Trade receivables | 40 | €15,570 | €75,285 | +€59,715 | +384% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €7,644 | €6,988 | -€656 | -8.6% |
| Deferred charges and accrued income | 490/1 | €410 | €418 | +€8 | +2.1% |
| Total equity and liabilities | 10/49 | €980,708 | €1,000,889 | +€20,181 | +2.1% |
| Equity | 10/15 | -€86,380 | -€76,605 | +€9,775 | +11.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,380 | -€86,605 | +€9,775 | +10.1% |
| Amounts payable | 17/49 | €1,067,088 | €1,077,494 | +€10,406 | +1.0% |
| Amounts payable after more than one year | 17 | €1,009,226 | €1,022,789 | +€13,564 | +1.3% |
| Financial debts | 170/4 | €1,009,226 | €1,022,789 | +€13,564 | +1.3% |
| Amounts payable within one year | 42/48 | €57,862 | €54,705 | -€3,157 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €46,938 | €48,936 | +€1,999 | +4.3% |
| Trade debts | 44 | €5,660 | €502 | -€5,158 | -91.1% |
| Suppliers | 440/4 | €5,660 | €502 | -€5,158 | -91.1% |
| Taxes, remuneration and social security | 45 | €5,264 | €5,266 | +€2 | 0.0% |
| Taxes | 450/3 | €5,264 | €5,266 | +€2 | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,457 | €41,676 | +€219 | +0.5% |
| Other operating charges | 640/8 | €5,759 | €5,938 | +€179 | +3.1% |
| Gross operating margin | 9900 | €95,835 | €91,791 | -€4,044 | -4.2% |
| Operating profit (loss) | 9901 | €48,619 | €44,177 | -€4,442 | -9.1% |
| Financial charges | 65/66B | €36,045 | €34,402 | -€1,643 | -4.6% |
| Recurring financial charges | 65 | €36,045 | €34,402 | -€1,643 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €12,574 | €9,775 | -€2,799 | -22.3% |
| Profit (loss) for the period | 9904 | €12,574 | €9,775 | -€2,799 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,574 | €9,775 | -€2,799 | -22.3% |
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 19 October 2026 via checked.be.