HOLLANDERS EXPERTISEBUREAU: what changed
HOLLANDERS EXPERTISEBUREAU
Largest movements
- Cash -€187,312
down €187,312 (-58.9%), from €318,012 to €130,701
mainly Contributions, distributions and other (-€152,290) and Current investments (-€98,748)
- Current investments +€98,748
up €98,748 (+51.3%), from €192,392 to €291,140
- Tangible fixed assets -€14,800
down €14,800 (-34.3%), from €43,089 to €28,289
of which Furniture and vehicles: -€7,866
- Receivables within one year -€6,786
down €6,786 (-17.9%), from €37,990 to €31,203
of which Trade receivables: -€23,512
- Reserves -€71,356
down €71,356 (-15.0%), from €474,556 to €403,200
of which Distributable reserves: -€71,356
- Other debts -€22,003
down €22,003 (-97.1%), from €22,657 to €654
- Trade debts -€18,640
down €18,640 (-63.7%), from €29,284 to €10,644
- Financial income -€8,178
down €8,178 (-74.4%), from €10,985 to €2,807
- Taxes -€2,886
down €2,886 (-7.0%), from €41,223 to €38,337
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,825 | €488,302 | -€108,523 | -18.2% |
| Fixed assets | 21/28 | €44,139 | €29,339 | -€14,800 | -33.5% |
| Tangible fixed assets | 22/27 | €43,089 | €28,289 | -€14,800 | -34.3% |
| Furniture and vehicles | 24 | €13,770 | €5,904 | -€7,866 | -57.1% |
| Other tangible fixed assets | 26 | €29,319 | €22,385 | -€6,933 | -23.6% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €552,686 | €458,962 | -€93,723 | -17.0% |
| Amounts receivable within one year | 40/41 | €37,990 | €31,203 | -€6,786 | -17.9% |
| Trade receivables | 40 | €37,255 | €13,743 | -€23,512 | -63.1% |
| Other amounts receivable | 41 | €734 | €17,460 | +€16,726 | +2,278% |
| Current investments | 50/53 | €192,392 | €291,140 | +€98,748 | +51.3% |
| Cash at bank and in hand | 54/58 | €318,012 | €130,701 | -€187,312 | -58.9% |
| Deferred charges and accrued income | 490/1 | €4,292 | €5,918 | +€1,626 | +37.9% |
| Total equity and liabilities | 10/49 | €596,825 | €488,302 | -€108,523 | -18.2% |
| Equity | 10/15 | €503,417 | €432,060 | -€71,356 | -14.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €474,556 | €403,200 | -€71,356 | -15.0% |
| Non-distributable reserves | 130/1 | €110,000 | €110,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €110,000 | €110,000 | = | 0.0% |
| Distributable reserves | 133 | €364,556 | €293,200 | -€71,356 | -19.6% |
| Profit (loss) carried forward | 14 | €3,861 | €3,861 | = | 0.0% |
| Amounts payable | 17/49 | €93,408 | €56,241 | -€37,167 | -39.8% |
| Amounts payable within one year | 42/48 | €93,408 | €56,241 | -€37,167 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €29,284 | €10,644 | -€18,640 | -63.7% |
| Suppliers | 440/4 | €29,284 | €10,644 | -€18,640 | -63.7% |
| Taxes, remuneration and social security | 45 | €41,467 | €44,943 | +€3,476 | +8.4% |
| Taxes | 450/3 | €41,467 | €44,805 | +€3,338 | +8.0% |
| Remuneration and social security | 454/9 | - | €138 | +€138 | |
| Other amounts payable | 47/48 | €22,657 | €654 | -€22,003 | -97.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,556 | €31,034 | +€1,478 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,619 | €16,161 | -€459 | -2.8% |
| Other operating charges | 640/8 | €2,354 | €2,208 | -€146 | -6.2% |
| Gross operating margin | 9900 | €167,388 | €167,087 | -€301 | -0.2% |
| Operating profit (loss) | 9901 | €118,859 | €117,684 | -€1,175 | -1.0% |
| Financial income | 75/76B | €10,985 | €2,807 | -€8,178 | -74.4% |
| Recurring financial income | 75 | €10,985 | €2,807 | -€8,178 | -74.4% |
| Financial charges | 65/66B | €584 | €1,221 | +€638 | +109% |
| Recurring financial charges | 65 | €584 | €1,221 | +€638 | +109% |
| Profit (loss) for the period before taxes | 9903 | €129,261 | €119,270 | -€9,991 | -7.7% |
| Income taxes | 67/77 | €41,223 | €38,337 | -€2,886 | -7.0% |
| Profit (loss) for the period | 9904 | €88,038 | €80,934 | -€7,104 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,038 | €80,934 | -€7,104 | -8.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.