HOLLANDERS G.: 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 G.
Largest movements
- Cash +€93,170
up €93,170 (+85.8%), from €108,634 to €201,804
mainly Net result for the year (+€82,210) and Depreciation (+€16,835)
- Tangible fixed assets -€14,250
down €14,250 (-45.9%), from €31,075 to €16,825
of which Plant, machinery and equipment: -€9,464
- Receivables within one year -€13,646
down €13,646 (-47.1%), from €28,952 to €15,306
of which Trade receivables: -€18,350
- Reserves +€40,350
up €40,350 (+51.1%), from €78,899 to €119,249
of which Distributable reserves: +€40,350
- Other debts +€12,744
up €12,744 (+36.2%), from €35,176 to €47,920
- Trade debts +€11,775
up €11,775 (+119%), from €9,918 to €21,693
- Gross operating margin +€87,506
up €87,506 (+198%), from €44,261 to €131,767
- Taxes +€24,059
up €24,059 (+301%), from €7,994 to €32,053
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,497 | €234,110 | +€64,613 | +38.1% |
| Fixed assets | 21/28 | €31,250 | €17,000 | -€14,250 | -45.6% |
| Tangible fixed assets | 22/27 | €31,075 | €16,825 | -€14,250 | -45.9% |
| Plant, machinery and equipment | 23 | €24,731 | €15,267 | -€9,464 | -38.3% |
| Furniture and vehicles | 24 | €6,344 | €1,558 | -€4,786 | -75.4% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €138,247 | €217,110 | +€78,863 | +57.0% |
| Amounts receivable within one year | 40/41 | €28,952 | €15,306 | -€13,646 | -47.1% |
| Trade receivables | 40 | €28,952 | €10,602 | -€18,350 | -63.4% |
| Other amounts receivable | 41 | - | €4,704 | +€4,704 | |
| Cash at bank and in hand | 54/58 | €108,634 | €201,804 | +€93,170 | +85.8% |
| Deferred charges and accrued income | 490/1 | €661 | - | -€661 | |
| Total equity and liabilities | 10/49 | €169,497 | €234,110 | +€64,613 | +38.1% |
| Equity | 10/15 | €115,234 | €157,444 | +€42,210 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,899 | €119,249 | +€40,350 | +51.1% |
| Tax-exempt reserves | 132 | €4,339 | €4,339 | = | 0.0% |
| Distributable reserves | 133 | €74,560 | €114,910 | +€40,350 | +54.1% |
| Profit (loss) carried forward | 14 | €17,735 | €19,595 | +€1,860 | +10.5% |
| Amounts payable | 17/49 | €54,263 | €76,666 | +€22,403 | +41.3% |
| Amounts payable within one year | 42/48 | €54,263 | €76,666 | +€22,403 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €960 | - | -€960 | |
| Trade debts | 44 | €9,918 | €21,693 | +€11,775 | +119% |
| Suppliers | 440/4 | €9,918 | €21,693 | +€11,775 | +119% |
| Taxes, remuneration and social security | 45 | €8,209 | €7,053 | -€1,156 | -14.1% |
| Taxes | 450/3 | €8,209 | €7,053 | -€1,156 | -14.1% |
| Other amounts payable | 47/48 | €35,176 | €47,920 | +€12,744 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,230 | €16,835 | +€605 | +3.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €44,261 | €131,767 | +€87,506 | +198% |
| Operating profit (loss) | 9901 | €27,503 | €114,388 | +€86,885 | +316% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €213 | €194 | -€19 | -8.9% |
| Recurring financial charges | 65 | €213 | €194 | -€19 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €27,290 | €114,263 | +€86,973 | +319% |
| Income taxes | 67/77 | €7,994 | €32,053 | +€24,059 | +301% |
| Profit (loss) for the period | 9904 | €19,296 | €82,210 | +€62,914 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €19,296 | €82,210 | +€62,914 | +326% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.