HOLINV: 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.
HOLINV
Largest movements
- Tangible fixed assets -€8,028
down €8,028 (-8.1%), from €99,207 to €91,178
- Cash -€2,925
down €2,925 (-88.2%), from €3,316 to €391
mainly Net result for the year (-€3,725) and Debts after one year (-€3,697)
- Deferred charges and accrued income +€1,091
up €1,091 (+747.0%), from €146 to €1,238
- Profit (loss) carried forward -€3,725
down €3,725 (-15.1%), from -€24,692 to -€28,418
- Debts after one year -€3,697
down €3,697 (-5.9%), from €62,283 to €58,586
- Accrued charges and deferred income -€3,452
down €3,452 (-100.0%), from €3,452 to €0
- Gross operating margin +€920
up €920 (+8.4%), from €10,960 to €11,880
- Financial charges -€547
down €547 (-12.0%), from €4,542 to €3,995
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 | €102,669 | €92,807 | -€9,862 | -9.6% |
| Fixed assets | 21/28 | €99,207 | €91,178 | -€8,028 | -8.1% |
| Tangible fixed assets | 22/27 | €99,207 | €91,178 | -€8,028 | -8.1% |
| Land and buildings | 22 | €99,207 | €91,178 | -€8,028 | -8.1% |
| Current assets | 29/58 | €3,462 | €1,629 | -€1,834 | -53.0% |
| Cash at bank and in hand | 54/58 | €3,316 | €391 | -€2,925 | -88.2% |
| Deferred charges and accrued income | 490/1 | €146 | €1,238 | +€1,091 | +747.0% |
| Total equity and liabilities | 10/49 | €102,669 | €92,807 | -€9,862 | -9.6% |
| Equity | 10/15 | €36,808 | €33,082 | -€3,725 | -10.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,692 | -€28,418 | -€3,725 | -15.1% |
| Amounts payable | 17/49 | €65,861 | €59,725 | -€6,137 | -9.3% |
| Amounts payable after more than one year | 17 | €62,283 | €58,586 | -€3,697 | -5.9% |
| Other amounts payable | 178/9 | €62,283 | €58,586 | -€3,697 | -5.9% |
| Amounts payable within one year | 42/48 | €126 | €1,138 | +€1,012 | +803.4% |
| Trade debts | 44 | €126 | €1,138 | +€1,012 | +803.4% |
| Suppliers | 440/4 | €126 | €1,138 | +€1,012 | +803.4% |
| Accrued charges and deferred income | 492/3 | €3,452 | €0 | -€3,452 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,029 | €8,028 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,475 | €3,582 | +€108 | +3.1% |
| Gross operating margin | 9900 | €10,960 | €11,880 | +€920 | +8.4% |
| Operating profit (loss) | 9901 | -€543 | €270 | +€813 | |
| Financial charges | 65/66B | €4,542 | €3,995 | -€547 | -12.0% |
| Recurring financial charges | 65 | €4,542 | €3,995 | -€547 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,085 | -€3,725 | +€1,359 | +26.7% |
| Profit (loss) for the period | 9904 | -€5,085 | -€3,725 | +€1,359 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,085 | -€3,725 | +€1,359 | +26.7% |
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 8 October 2026 via checked.be.