Hollebecq: 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.
Hollebecq
Largest movements
- Cash -€65,375
down €65,375 (-90.8%), from €71,989 to €6,614
mainly Tax, wage and social debts (-€23,398) and Current portion of long-term debt (-€22,342)
- Tangible fixed assets -€23,005
down €23,005 (-22.8%), from €101,097 to €78,092
of which Furniture and vehicles: -€33,484
- Receivables within one year +€18,669
up €18,669 (+13.0%), from €144,021 to €162,690
of which Trade receivables: +€21,311
- Tax, wage and social debts -€23,398
down €23,398 (-67.5%), from €34,675 to €11,277
- Current portion of long-term debt -€22,342
down €22,342 (-91.4%), from €24,435 to €2,093
- Profit (loss) carried forward -€20,360
down €20,360 (-12.8%), from €159,613 to €139,253
- Other debts -€8,909
down €8,909 (-25.0%), from €35,653 to €26,743
- Trade debts +€8,103
up €8,103 (+93.1%), from €8,700 to €16,803
- Gross operating margin -€21,532
down €21,532 (-54.4%), from €39,609 to €18,077
- Taxes -€5,088
down €5,088 (-99.6%), from €5,110 to €22
- Financial charges -€1,135
down €1,135 (-52.1%), from €2,180 to €1,044
- Depreciation +€787
up €787 (+2.3%), from €33,907 to €34,695
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 | €319,579 | €250,430 | -€69,149 | -21.6% |
| Fixed assets | 21/28 | €101,097 | €78,092 | -€23,005 | -22.8% |
| Tangible fixed assets | 22/27 | €101,097 | €78,092 | -€23,005 | -22.8% |
| Plant, machinery and equipment | 23 | €768 | €418 | -€350 | -45.6% |
| Furniture and vehicles | 24 | €98,213 | €64,729 | -€33,484 | -34.1% |
| Other tangible fixed assets | 26 | €2,116 | €12,945 | +€10,830 | +512% |
| Current assets | 29/58 | €218,482 | €172,337 | -€46,145 | -21.1% |
| Amounts receivable within one year | 40/41 | €144,021 | €162,690 | +€18,669 | +13.0% |
| Trade receivables | 40 | €137,058 | €158,369 | +€21,311 | +15.5% |
| Other amounts receivable | 41 | €6,963 | €4,321 | -€2,642 | -37.9% |
| Cash at bank and in hand | 54/58 | €71,989 | €6,614 | -€65,375 | -90.8% |
| Deferred charges and accrued income | 490/1 | €2,472 | €3,033 | +€561 | +22.7% |
| Total equity and liabilities | 10/49 | €319,579 | €250,430 | -€69,149 | -21.6% |
| Equity | 10/15 | €213,873 | €193,513 | -€20,360 | -9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,613 | €139,253 | -€20,360 | -12.8% |
| Amounts payable | 17/49 | €105,706 | €56,917 | -€48,789 | -46.2% |
| Amounts payable after more than one year | 17 | €2,093 | €0 | -€2,093 | -100% |
| Financial debts | 170/4 | €2,093 | €0 | -€2,093 | -100% |
| Amounts payable within one year | 42/48 | €103,463 | €56,917 | -€46,546 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €24,435 | €2,093 | -€22,342 | -91.4% |
| Trade debts | 44 | €8,700 | €16,803 | +€8,103 | +93.1% |
| Suppliers | 440/4 | €8,700 | €16,803 | +€8,103 | +93.1% |
| Taxes, remuneration and social security | 45 | €34,675 | €11,277 | -€23,398 | -67.5% |
| Taxes | 450/3 | €34,675 | €11,277 | -€23,398 | -67.5% |
| Other amounts payable | 47/48 | €35,653 | €26,743 | -€8,909 | -25.0% |
| Accrued charges and deferred income | 492/3 | €151 | €0 | -€151 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,907 | €34,695 | +€787 | +2.3% |
| Other operating charges | 640/8 | €2,572 | €2,676 | +€104 | +4.0% |
| Gross operating margin | 9900 | €39,609 | €18,077 | -€21,532 | -54.4% |
| Operating profit (loss) | 9901 | €3,130 | -€19,293 | -€22,423 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -96.4% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -96.4% |
| Financial charges | 65/66B | €2,180 | €1,044 | -€1,135 | -52.1% |
| Recurring financial charges | 65 | €2,180 | €1,044 | -€1,135 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €956 | -€20,338 | -€21,294 | |
| Income taxes | 67/77 | €5,110 | €22 | -€5,088 | -99.6% |
| Profit (loss) for the period | 9904 | -€4,154 | -€20,360 | -€16,206 | -390% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,154 | -€20,360 | -€16,206 | -390% |
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 19 October 2026 via checked.be.