HOLLANDERS CARL: 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.
HOLLANDERS CARL
Largest movements
- Current investments -€416,272
no longer reported in 2025 (was €416,272)
- Cash +€279,762
up €279,762 (+41.9%), from €667,009 to €946,772
mainly Net result for the year (+€1.0m) and Current investments (+€416,272)
- Receivables within one year +€79,381
up €79,381 (+21.8%), from €364,645 to €444,027
of which Trade receivables: +€79,298
- Tangible fixed assets +€36,404
up €36,404 (+3.0%), from €1.2m to €1.3m
of which Furniture and vehicles: +€42,987
- Deferred charges and accrued income +€32,069
up €32,069 (+514%), from €6,235 to €38,304
- Current portion of long-term debt +€65,572
up €65,572 (+34.9%), from €188,149 to €253,721
- Debts after one year -€46,095
down €46,095 (-11.2%), from €411,765 to €365,670
- Trade debts -€31,558
down €31,558 (-22.8%), from €138,636 to €107,078
- Gross operating margin +€716,467
up €716,467 (+51.4%), from €1.4m to €2.1m
- Taxes +€146,294
up €146,294 (+73.6%), from €198,839 to €345,133
- Staff costs +€72,161
up €72,161 (+16.3%), from €443,118 to €515,279
- Depreciation +€37,681
up €37,681 (+24.9%), from €151,205 to €188,886
- Financial income -€23,606
down €23,606 (-81.7%), from €28,890 to €5,284
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 | €2,687,911 | €2,699,391 | +€11,480 | +0.4% |
| Fixed assets | 21/28 | €1,233,750 | €1,270,288 | +€36,539 | +3.0% |
| Tangible fixed assets | 22/27 | €1,233,590 | €1,269,993 | +€36,404 | +3.0% |
| Land and buildings | 22 | €845,146 | €815,106 | -€30,040 | -3.6% |
| Plant, machinery and equipment | 23 | €27,069 | €49,242 | +€22,173 | +81.9% |
| Furniture and vehicles | 24 | €356,322 | €399,309 | +€42,987 | +12.1% |
| Leasing and similar rights | 25 | €5,052 | €639 | -€4,413 | -87.4% |
| Other tangible fixed assets | 26 | - | €5,698 | +€5,698 | |
| Financial fixed assets | 28 | €160 | €295 | +€135 | +84.4% |
| Current assets | 29/58 | €1,454,161 | €1,429,103 | -€25,059 | -1.7% |
| Amounts receivable within one year | 40/41 | €364,645 | €444,027 | +€79,381 | +21.8% |
| Trade receivables | 40 | €350,582 | €429,880 | +€79,298 | +22.6% |
| Other amounts receivable | 41 | €14,063 | €14,147 | +€84 | +0.6% |
| Current investments | 50/53 | €416,272 | - | -€416,272 | |
| Cash at bank and in hand | 54/58 | €667,009 | €946,772 | +€279,762 | +41.9% |
| Deferred charges and accrued income | 490/1 | €6,235 | €38,304 | +€32,069 | +514% |
| Total equity and liabilities | 10/49 | €2,687,911 | €2,699,391 | +€11,480 | +0.4% |
| Equity | 10/15 | €1,830,756 | €1,848,440 | +€17,685 | +1.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €1,799,756 | €1,817,440 | +€17,685 | +1.0% |
| Distributable reserves | 133 | €1,799,756 | €1,817,440 | +€17,685 | +1.0% |
| Amounts payable | 17/49 | €857,156 | €850,951 | -€6,205 | -0.7% |
| Amounts payable after more than one year | 17 | €411,765 | €365,670 | -€46,095 | -11.2% |
| Financial debts | 170/4 | €411,765 | €365,670 | -€46,095 | -11.2% |
| Amounts payable within one year | 42/48 | €445,391 | €485,281 | +€39,890 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €188,149 | €253,721 | +€65,572 | +34.9% |
| Trade debts | 44 | €138,636 | €107,078 | -€31,558 | -22.8% |
| Suppliers | 440/4 | €138,636 | €107,078 | -€31,558 | -22.8% |
| Taxes, remuneration and social security | 45 | €102,150 | €124,482 | +€22,332 | +21.9% |
| Taxes | 450/3 | €45,624 | €58,687 | +€13,063 | +28.6% |
| Remuneration and social security | 454/9 | €56,526 | €65,795 | +€9,269 | +16.4% |
| Other amounts payable | 47/48 | €16,457 | - | -€16,457 | |
| Non-recurring operating income | 76A | €17,953 | €40,311 | +€22,358 | +125% |
| Remuneration, social security and pensions | 62 | €443,118 | €515,279 | +€72,161 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,205 | €188,886 | +€37,681 | +24.9% |
| Other operating charges | 640/8 | €21,078 | €22,381 | +€1,303 | +6.2% |
| Gross operating margin | 9900 | €1,393,945 | €2,110,411 | +€716,467 | +51.4% |
| Operating profit (loss) | 9901 | €778,543 | €1,383,865 | +€605,322 | +77.8% |
| Financial income | 75/76B | €28,890 | €5,284 | -€23,606 | -81.7% |
| Recurring financial income | 75 | €28,890 | €5,284 | -€23,606 | -81.7% |
| Financial charges | 65/66B | €22,406 | €26,332 | +€3,926 | +17.5% |
| Recurring financial charges | 65 | €22,406 | €26,332 | +€3,926 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €785,028 | €1,362,817 | +€577,790 | +73.6% |
| Income taxes | 67/77 | €198,839 | €345,133 | +€146,294 | +73.6% |
| Profit (loss) for the period | 9904 | €586,188 | €1,017,685 | +€431,496 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €586,188 | €1,017,685 | +€431,496 | +73.6% |
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 23 October 2026 via checked.be.