HOLLAEKEN: 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.
HOLLAEKEN
Largest movements
- Receivables within one year -€1,303
no longer reported in 2025 (was €1,303)
of which Trade receivables: -€1,208
- Tangible fixed assets -€675
down €675 (-27.2%), from €2,482 to €1,807
of which Furniture and vehicles: -€500
- Cash +€110
up €110 (+120%), from €92 to €201
mainly Depreciation (+€1,472) and Receivables within one year (+€1,303)
- Debts after one year -€1,836
down €1,836 (-23.2%), from €7,914 to €6,078
- Trade debts +€994
new in 2025: €994
- Tax, wage and social debts -€580
down €580 (-34.4%), from €1,684 to €1,104
- Profit (loss) carried forward -€447
down €447 (-2.2%), from -€20,721 to -€21,168
- Other operating charges +€354
up €354 (+300%), from €118 to €472
- Financial charges -€297
down €297 (-62.0%), from €480 to €182
of which Non-recurring financial charges: -€288
- Depreciation +€159
up €159 (+12.1%), from €1,313 to €1,472
- Gross operating margin -€54
down €54 (-3.1%), from €1,733 to €1,679
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 | €3,876 | €2,008 | -€1,868 | -48.2% |
| Fixed assets | 21/28 | €2,482 | €1,807 | -€675 | -27.2% |
| Tangible fixed assets | 22/27 | €2,482 | €1,807 | -€675 | -27.2% |
| Plant, machinery and equipment | 23 | €1,982 | €1,807 | -€175 | -8.9% |
| Furniture and vehicles | 24 | €500 | - | -€500 | |
| Current assets | 29/58 | €1,394 | €201 | -€1,193 | -85.6% |
| Amounts receivable within one year | 40/41 | €1,303 | - | -€1,303 | |
| Trade receivables | 40 | €1,208 | - | -€1,208 | |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €92 | €201 | +€110 | +120% |
| Total equity and liabilities | 10/49 | €3,876 | €2,008 | -€1,868 | -48.2% |
| Equity | 10/15 | -€5,721 | -€6,168 | -€447 | -7.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,721 | -€21,168 | -€447 | -2.2% |
| Amounts payable | 17/49 | €9,598 | €8,176 | -€1,421 | -14.8% |
| Amounts payable after more than one year | 17 | €7,914 | €6,078 | -€1,836 | -23.2% |
| Other amounts payable | 178/9 | €7,914 | €6,078 | -€1,836 | -23.2% |
| Amounts payable within one year | 42/48 | €1,684 | €2,099 | +€415 | +24.6% |
| Trade debts | 44 | - | €994 | +€994 | |
| Bills of exchange payable | 441 | - | €994 | +€994 | |
| Taxes, remuneration and social security | 45 | €1,684 | €1,104 | -€580 | -34.4% |
| Taxes | 450/3 | €1,684 | €1,104 | -€580 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,313 | €1,472 | +€159 | +12.1% |
| Other operating charges | 640/8 | €118 | €472 | +€354 | +300% |
| Gross operating margin | 9900 | €1,733 | €1,679 | -€54 | -3.1% |
| Operating profit (loss) | 9901 | €303 | -€265 | -€567 | |
| Financial charges | 65/66B | €480 | €182 | -€297 | -62.0% |
| Recurring financial charges | 65 | €192 | €182 | -€10 | -5.1% |
| Non-recurring financial charges | 66B | €288 | - | -€288 | |
| Profit (loss) for the period before taxes | 9903 | -€177 | -€447 | -€270 | -152% |
| Profit (loss) for the period | 9904 | -€177 | -€447 | -€270 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€177 | -€447 | -€270 | -152% |
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 17 October 2026 via checked.be.