HOLIFRESH: 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.
HOLIFRESH
Largest movements
- Receivables within one year +€208,085
up €208,085 (+62.9%), from €330,580 to €538,665
of which Trade receivables: +€212,910
- Current investments -€130,070
down €130,070 (-75.6%), from €172,070 to €42,000
- Cash +€36,760
up €36,760 (+177.7%), from €20,681 to €57,441
mainly Accrued charges and deferred income (+€144,016) and Depreciation (+€131,426)
- Stocks and contracts -€23,989
down €23,989 (-35.7%), from €67,221 to €43,231
- Tangible fixed assets -€13,286
down €13,286 (-8.2%), from €162,747 to €149,461
of which Plant, machinery and equipment: -€30,684
- Accrued charges and deferred income +€144,016
new in 2025: €144,016
- Profit (loss) carried forward -€135,219
down €135,219, from €23,580 to -€111,638
- Trade debts +€85,981
up €85,981 (+58.3%), from €147,473 to €233,454
- Tax, wage and social debts +€45,435
up €45,435 (+82.7%), from €54,967 to €100,403
of which Remuneration and social security: +€45,617
- Debts after one year -€31,675
down €31,675 (-100.0%), from €31,675 to €0
- Staff costs +€158,861
up €158,861 (+46.2%), from €343,622 to €502,483
- Gross operating margin +€40,586
up €40,586 (+8.2%), from €492,183 to €532,769
- Financial charges +€17,977
up €17,977 (+133.0%), from €13,518 to €31,495
of which Non-recurring financial charges: +€10,066
- Financial income -€12,443
down €12,443 (-95.5%), from €13,029 to €587
- Write-downs +€12,331
up €12,331, from -€11,236 to €1,094
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 | €1,051,625 | €1,140,854 | +€89,229 | +8.5% |
| Fixed assets | 21/28 | €454,112 | €450,123 | -€3,988 | -0.9% |
| Intangible fixed assets | 21 | €187,570 | €196,867 | +€9,297 | +5.0% |
| Tangible fixed assets | 22/27 | €162,747 | €149,461 | -€13,286 | -8.2% |
| Plant, machinery and equipment | 23 | €148,032 | €117,348 | -€30,684 | -20.7% |
| Furniture and vehicles | 24 | €14,715 | €22,488 | +€7,774 | +52.8% |
| Other tangible fixed assets | 26 | - | €9,625 | +€9,625 | |
| Financial fixed assets | 28 | €103,795 | €103,795 | = | 0.0% |
| Current assets | 29/58 | €597,513 | €690,731 | +€93,218 | +15.6% |
| Stocks and contracts in progress | 3 | €67,221 | €43,231 | -€23,989 | -35.7% |
| Stocks | 30/36 | €67,221 | €43,231 | -€23,989 | -35.7% |
| Amounts receivable within one year | 40/41 | €330,580 | €538,665 | +€208,085 | +62.9% |
| Trade receivables | 40 | €120,602 | €333,512 | +€212,910 | +176.5% |
| Other amounts receivable | 41 | €209,978 | €205,153 | -€4,825 | -2.3% |
| Current investments | 50/53 | €172,070 | €42,000 | -€130,070 | -75.6% |
| Cash at bank and in hand | 54/58 | €20,681 | €57,441 | +€36,760 | +177.7% |
| Deferred charges and accrued income | 490/1 | €6,961 | €9,394 | +€2,432 | +34.9% |
| Total equity and liabilities | 10/49 | €1,051,625 | €1,140,854 | +€89,229 | +8.5% |
| Equity | 10/15 | €698,810 | €563,592 | -€135,219 | -19.3% |
| Contributions | 10/11 | €675,230 | €675,230 | = | 0.0% |
| Capital | 10 | €675,230 | €675,230 | = | 0.0% |
| Issued capital | 100 | €675,230 | €675,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,580 | -€111,638 | -€135,219 | |
| Amounts payable | 17/49 | €352,814 | €577,262 | +€224,448 | +63.6% |
| Amounts payable after more than one year | 17 | €31,675 | €0 | -€31,675 | -100.0% |
| Financial debts | 170/4 | €31,675 | €0 | -€31,675 | -100.0% |
| Amounts payable within one year | 42/48 | €321,139 | €433,247 | +€112,108 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €107,421 | €89,003 | -€18,418 | -17.1% |
| Financial debts | 43 | €6,717 | €7,609 | +€892 | +13.3% |
| Credit institutions | 430/8 | €6,717 | €7,609 | +€892 | +13.3% |
| Trade debts | 44 | €147,473 | €233,454 | +€85,981 | +58.3% |
| Suppliers | 440/4 | €147,473 | €233,454 | +€85,981 | +58.3% |
| Taxes, remuneration and social security | 45 | €54,967 | €100,403 | +€45,435 | +82.7% |
| Taxes | 450/3 | €19,404 | €19,222 | -€182 | -0.9% |
| Remuneration and social security | 454/9 | €35,564 | €81,181 | +€45,617 | +128.3% |
| Other amounts payable | 47/48 | €4,560 | €2,778 | -€1,782 | -39.1% |
| Accrued charges and deferred income | 492/3 | - | €144,016 | +€144,016 | |
| Non-recurring operating income | 76A | €3,481 | €188 | -€3,293 | -94.6% |
| Remuneration, social security and pensions | 62 | €343,622 | €502,483 | +€158,861 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,186 | €131,426 | +€12,239 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,236 | €1,094 | +€12,331 | |
| Other operating charges | 640/8 | €8,590 | €2,063 | -€6,526 | -76.0% |
| Non-recurring operating charges | 66A | €5,120 | €0 | -€5,120 | -100.0% |
| Gross operating margin | 9900 | €492,183 | €532,769 | +€40,586 | +8.2% |
| Operating profit (loss) | 9901 | €26,901 | -€104,298 | -€131,199 | |
| Financial income | 75/76B | €13,029 | €587 | -€12,443 | -95.5% |
| Recurring financial income | 75 | €13,029 | €587 | -€12,443 | -95.5% |
| Financial charges | 65/66B | €13,518 | €31,495 | +€17,977 | +133.0% |
| Recurring financial charges | 65 | €13,518 | €21,429 | +€7,911 | +58.5% |
| Non-recurring financial charges | 66B | - | €10,066 | +€10,066 | |
| Profit (loss) for the period before taxes | 9903 | €26,412 | -€135,206 | -€161,619 | |
| Income taxes | 67/77 | €2,109 | €13 | -€2,097 | -99.4% |
| Profit (loss) for the period | 9904 | €24,303 | -€135,219 | -€159,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,303 | -€135,219 | -€159,522 |
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.