HOLIM: 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.
HOLIM
Largest movements
- Current investments +€80,000
up €80,000 (+53.3%), from €150,000 to €230,000
- Tangible fixed assets -€52,989
down €52,989 (-1.9%), from €2.8m to €2.8m
- Cash -€48,709
down €48,709 (-51.8%), from €94,101 to €45,392
mainly Debts after one year (-€85,714) and Current investments (-€80,000)
- Reserves +€1.4m
up €1.4m (+311.4%), from €448,390 to €1.8m
of which Distributable reserves: +€1.4m
- Profit (loss) carried forward -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
- Debts after one year -€85,714
down €85,714 (-20.5%), from €418,571 to €332,857
of which Financial debts: -€85,714
- Gross operating margin +€65,236
up €65,236 (+43.7%), from €149,415 to €214,650
- Staff costs +€48,366
up €48,366 (+281.4%), from €17,188 to €65,554
- Financial income -€7,810
down €7,810 (-72.6%), from €10,764 to €2,955
- Taxes +€4,011
up €4,011 (+37.7%), from €10,627 to €14,638
- Other operating charges +€2,866
up €2,866 (+16.1%), from €17,820 to €20,687
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 | €3,409,105 | €3,387,155 | -€21,950 | -0.6% |
| Fixed assets | 21/28 | €3,153,601 | €3,100,611 | -€52,989 | -1.7% |
| Tangible fixed assets | 22/27 | €2,806,550 | €2,753,560 | -€52,989 | -1.9% |
| Land and buildings | 22 | €2,806,550 | €2,753,560 | -€52,989 | -1.9% |
| Financial fixed assets | 28 | €347,051 | €347,051 | = | 0.0% |
| Current assets | 29/58 | €255,505 | €286,544 | +€31,040 | +12.1% |
| Amounts receivable within one year | 40/41 | €11,404 | €11,152 | -€252 | -2.2% |
| Trade receivables | 40 | €0 | €113 | +€113 | |
| Other amounts receivable | 41 | €11,404 | €11,040 | -€364 | -3.2% |
| Current investments | 50/53 | €150,000 | €230,000 | +€80,000 | +53.3% |
| Cash at bank and in hand | 54/58 | €94,101 | €45,392 | -€48,709 | -51.8% |
| Total equity and liabilities | 10/49 | €3,409,105 | €3,387,155 | -€21,950 | -0.6% |
| Equity | 10/15 | €2,841,596 | €2,885,018 | +€43,422 | +1.5% |
| Contributions | 10/11 | €1,037,454 | €1,037,454 | = | 0.0% |
| Capital | 10 | €1,037,454 | €1,037,454 | = | 0.0% |
| Issued capital | 100 | €1,037,454 | €1,037,454 | = | 0.0% |
| Revaluation surpluses | 12 | €3,102 | €3,102 | = | 0.0% |
| Reserves | 13 | €448,390 | €1,844,461 | +€1.4m | +311.4% |
| Non-distributable reserves | 130/1 | €103,745 | €103,745 | = | 0.0% |
| Legal reserve | 130 | €103,745 | €103,745 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,031 | €157,948 | -€1,083 | -0.7% |
| Distributable reserves | 133 | €185,613 | €1,582,768 | +€1.4m | +752.7% |
| Profit (loss) carried forward | 14 | €1,352,650 | €0 | -€1.4m | -100.0% |
| Provisions and deferred taxes | 16 | €455 | €0 | -€455 | -100.0% |
| Deferred taxes | 168 | €455 | €0 | -€455 | -100.0% |
| Amounts payable | 17/49 | €567,054 | €502,137 | -€64,917 | -11.4% |
| Amounts payable after more than one year | 17 | €418,571 | €332,857 | -€85,714 | -20.5% |
| Financial debts | 170/4 | €178,571 | €92,857 | -€85,714 | -48.0% |
| Other amounts payable | 178/9 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,483 | €168,362 | +€19,879 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €85,714 | = | 0.0% |
| Trade debts | 44 | €17,896 | €42,869 | +€24,973 | +139.5% |
| Suppliers | 440/4 | €17,896 | €42,869 | +€24,973 | +139.5% |
| Taxes, remuneration and social security | 45 | €5,017 | €0 | -€5,017 | -100.0% |
| Taxes | 450/3 | €514 | €0 | -€514 | -100.0% |
| Remuneration and social security | 454/9 | €4,503 | €0 | -€4,503 | -100.0% |
| Other amounts payable | 47/48 | €39,855 | €39,779 | -€76 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | €918 | +€918 | |
| Remuneration, social security and pensions | 62 | €17,188 | €65,554 | +€48,366 | +281.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,595 | €70,904 | +€2,309 | +3.4% |
| Other operating charges | 640/8 | €17,820 | €20,687 | +€2,866 | +16.1% |
| Gross operating margin | 9900 | €149,415 | €214,650 | +€65,236 | +43.7% |
| Operating profit (loss) | 9901 | €45,811 | €57,506 | +€11,694 | +25.5% |
| Financial income | 75/76B | €10,764 | €2,955 | -€7,810 | -72.6% |
| Recurring financial income | 75 | €10,764 | €2,955 | -€7,810 | -72.6% |
| Financial charges | 65/66B | €3,196 | €2,856 | -€340 | -10.6% |
| Recurring financial charges | 65 | €3,196 | €2,856 | -€340 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €53,380 | €57,605 | +€4,225 | +7.9% |
| Transfer from deferred taxes | 780 | €1,365 | €455 | -€910 | -66.7% |
| Income taxes | 67/77 | €10,627 | €14,638 | +€4,011 | +37.7% |
| Profit (loss) for the period | 9904 | €44,117 | €43,422 | -€695 | -1.6% |
| Transfer from tax-exempt reserves | 789 | €3,249 | €1,083 | -€2,166 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,367 | €44,505 | -€2,862 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.