HOLIDAY CONSTRUCT: 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.
HOLIDAY CONSTRUCT
Largest movements
- Receivables within one year +€16,356
up €16,356 (+267%), from €6,133 to €22,489
of which Trade receivables: +€16,155
- Cash -€9,404
down €9,404 (-36.3%), from €25,902 to €16,498
mainly Receivables within one year (-€16,356) and Net result for the year (-€7,357)
- Tangible fixed assets -€417
down €417 (-33.8%), from €1,233 to €816
of which Plant, machinery and equipment: -€387
- Trade debts +€15,860
up €15,860 (+355%), from €4,461 to €20,321
- Profit (loss) carried forward -€7,357
down €7,357 (-104%), from -€7,058 to -€14,415
- Debts after one year +€4,500
new in 2025: €4,500
- Tax, wage and social debts -€3,760
down €3,760 (-65.8%), from €5,713 to €1,953
of which Remuneration and social security: -€3,580
- Other debts -€3,065
down €3,065 (-29.4%), from €10,415 to €7,351
- Gross operating margin -€19,239
down €19,239, from €14,678 to -€4,561
- Depreciation -€5,024
down €5,024 (-92.3%), from €5,441 to €417
- Other operating charges -€1,179
down €1,179 (-41.2%), from €2,861 to €1,682
- Financial charges +€534
up €534 (+251%), from €212 to €747
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 | €33,641 | €40,015 | +€6,375 | +18.9% |
| Fixed assets | 21/28 | €1,233 | €816 | -€417 | -33.8% |
| Tangible fixed assets | 22/27 | €1,233 | €816 | -€417 | -33.8% |
| Plant, machinery and equipment | 23 | €968 | €581 | -€387 | -40.0% |
| Furniture and vehicles | 24 | €265 | €235 | -€30 | -11.3% |
| Current assets | 29/58 | €32,407 | €39,200 | +€6,792 | +21.0% |
| Amounts receivable within one year | 40/41 | €6,133 | €22,489 | +€16,356 | +267% |
| Trade receivables | 40 | €5,521 | €21,676 | +€16,155 | +293% |
| Other amounts receivable | 41 | €612 | €813 | +€201 | +32.8% |
| Cash at bank and in hand | 54/58 | €25,902 | €16,498 | -€9,404 | -36.3% |
| Deferred charges and accrued income | 490/1 | €372 | €212 | -€160 | -42.9% |
| Total equity and liabilities | 10/49 | €33,641 | €40,015 | +€6,375 | +18.9% |
| Equity | 10/15 | €13,051 | €5,694 | -€7,357 | -56.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,508 | €1,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,508 | €1,508 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,508 | €1,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,058 | -€14,415 | -€7,357 | -104% |
| Amounts payable | 17/49 | €20,590 | €34,322 | +€13,732 | +66.7% |
| Amounts payable after more than one year | 17 | - | €4,500 | +€4,500 | |
| Financial debts | 170/4 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €20,590 | €29,625 | +€9,035 | +43.9% |
| Trade debts | 44 | €4,461 | €20,321 | +€15,860 | +355% |
| Suppliers | 440/4 | €4,461 | €20,321 | +€15,860 | +355% |
| Taxes, remuneration and social security | 45 | €5,713 | €1,953 | -€3,760 | -65.8% |
| Taxes | 450/3 | €540 | €360 | -€180 | -33.3% |
| Remuneration and social security | 454/9 | €5,173 | €1,593 | -€3,580 | -69.2% |
| Other amounts payable | 47/48 | €10,415 | €7,351 | -€3,065 | -29.4% |
| Accrued charges and deferred income | 492/3 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,441 | €417 | -€5,024 | -92.3% |
| Other operating charges | 640/8 | €2,861 | €1,682 | -€1,179 | -41.2% |
| Gross operating margin | 9900 | €14,678 | -€4,561 | -€19,239 | |
| Operating profit (loss) | 9901 | €6,376 | -€6,660 | -€13,037 | |
| Financial income | 75/76B | €63 | €87 | +€24 | +37.6% |
| Recurring financial income | 75 | €63 | €87 | +€24 | +37.6% |
| Financial charges | 65/66B | €212 | €747 | +€534 | +251% |
| Recurring financial charges | 65 | €212 | €747 | +€534 | +251% |
| Profit (loss) for the period before taxes | 9903 | €6,227 | -€7,320 | -€13,547 | |
| Income taxes | 67/77 | €39 | €37 | -€1 | -3.8% |
| Profit (loss) for the period | 9904 | €6,189 | -€7,357 | -€13,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,189 | -€7,357 | -€13,546 |
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 27 October 2026 via checked.be.