HOLIMACO: 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.
HOLIMACO
Largest movements
- Tangible fixed assets +€3.6m
new in 2025: €3.6m
- Stocks and contracts -€3.5m
no longer reported in 2025 (was €3.5m)
- Cash -€161,483
down €161,483 (-97.5%), from €165,639 to €4,156
mainly Investment in fixed assets (net) (-€3.7m) and Short-term financial debts (-€650,000)
- Debts after one year +€769,813
up €769,813 (+90.4%), from €852,002 to €1.6m
of which Financial debts: +€754,813
- Short-term financial debts -€650,000
down €650,000 (-29.5%), from €2.2m to €1.6m
- Profit (loss) carried forward -€172,593
down €172,593 (-46.9%), from -€367,613 to -€540,206
- Current portion of long-term debt +€125,322
new in 2025: €125,322
- Trade debts -€58,645
down €58,645 (-56.0%), from €104,725 to €46,080
- Financial charges +€115,093
up €115,093 (+760.9%), from €15,126 to €130,219
- Depreciation +€83,442
new in 2025: €83,442
- Gross operating margin +€49,489
up €49,489, from -€6,736 to €42,753
- Other operating charges +€1,233
up €1,233 (+273.1%), from €452 to €1,685
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 | €3,677,688 | €3,690,495 | +€12,807 | +0.3% |
| Fixed assets | 21/28 | €39,233 | €3,684,489 | +€3.6m | +9291.3% |
| Tangible fixed assets | 22/27 | - | €3,645,256 | +€3.6m | |
| Land and buildings | 22 | - | €3,645,256 | +€3.6m | |
| Financial fixed assets | 28 | €39,233 | €39,233 | = | 0.0% |
| Current assets | 29/58 | €3,638,455 | €6,006 | -€3.6m | -99.8% |
| Stocks and contracts in progress | 3 | €3,468,922 | - | -€3.5m | |
| Stocks | 30/36 | €3,468,922 | - | -€3.5m | |
| Amounts receivable within one year | 40/41 | €2,149 | - | -€2,149 | |
| Other amounts receivable | 41 | €2,149 | - | -€2,149 | |
| Cash at bank and in hand | 54/58 | €165,639 | €4,156 | -€161,483 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,851 | +€105 | +6.0% |
| Total equity and liabilities | 10/49 | €3,677,688 | €3,690,495 | +€12,807 | +0.3% |
| Equity | 10/15 | €518,041 | €345,448 | -€172,593 | -33.3% |
| Contributions | 10/11 | €880,000 | €880,000 | = | 0.0% |
| Reserves | 13 | €5,654 | €5,654 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,654 | €5,654 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,654 | €5,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,613 | -€540,206 | -€172,593 | -46.9% |
| Amounts payable | 17/49 | €3,159,647 | €3,345,047 | +€185,400 | +5.9% |
| Amounts payable after more than one year | 17 | €852,002 | €1,621,814 | +€769,813 | +90.4% |
| Financial debts | 170/4 | €852,002 | €1,606,814 | +€754,813 | +88.6% |
| Other amounts payable | 178/9 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €2,305,145 | €1,723,233 | -€581,912 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | - | €125,322 | +€125,322 | |
| Financial debts | 43 | €2,200,000 | €1,550,000 | -€650,000 | -29.5% |
| Credit institutions | 430/8 | €2,200,000 | €1,550,000 | -€650,000 | -29.5% |
| Trade debts | 44 | €104,725 | €46,080 | -€58,645 | -56.0% |
| Suppliers | 440/4 | €104,725 | €46,080 | -€58,645 | -56.0% |
| Other amounts payable | 47/48 | €421 | €1,832 | +€1,411 | +335.6% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €83,442 | +€83,442 | |
| Other operating charges | 640/8 | €452 | €1,685 | +€1,233 | +273.1% |
| Gross operating margin | 9900 | -€6,736 | €42,753 | +€49,489 | |
| Operating profit (loss) | 9901 | -€7,187 | -€42,374 | -€35,187 | -489.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €15,126 | €130,219 | +€115,093 | +760.9% |
| Recurring financial charges | 65 | €15,126 | €130,219 | +€115,093 | +760.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,313 | -€172,593 | -€150,280 | -673.5% |
| Profit (loss) for the period | 9904 | -€22,313 | -€172,593 | -€150,280 | -673.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,313 | -€172,593 | -€150,280 | -673.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.