HOLLEVOET W.: 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.
HOLLEVOET W.
Largest movements
- Cash -€204,460
down €204,460 (-36.3%), from €564,001 to €359,541
mainly Contributions, distributions and other (-€132,943) and Other debts (-€83,058)
- Receivables within one year +€77,379
up €77,379 (+15.3%), from €504,616 to €581,995
of which Other amounts receivable: +€102,348
- Tangible fixed assets -€41,159
down €41,159 (-20.1%), from €204,699 to €163,540
of which Furniture and vehicles: -€29,353
- Other debts -€83,058
down €83,058 (-38.5%), from €216,001 to €132,943
- Reserves -€34,500
down €34,500 (-5.5%), from €622,916 to €588,416
of which Distributable reserves: -€34,500
- Trade debts -€25,171
down €25,171 (-6.6%), from €380,851 to €355,680
- Depreciation -€22,419
down €22,419 (-35.3%), from €63,577 to €41,159
- Gross operating margin +€20,379
up €20,379 (+9.7%), from €209,887 to €230,266
- Taxes +€16,389
up €16,389 (+56.8%), from €28,865 to €45,254
- Financial income +€3,344
up €3,344 (+175%), from €1,907 to €5,251
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 | €1,388,008 | €1,233,450 | -€154,558 | -11.1% |
| Fixed assets | 21/28 | €208,384 | €167,225 | -€41,159 | -19.8% |
| Tangible fixed assets | 22/27 | €204,699 | €163,540 | -€41,159 | -20.1% |
| Land and buildings | 22 | €156,674 | €148,163 | -€8,511 | -5.4% |
| Plant, machinery and equipment | 23 | €8,128 | €4,834 | -€3,294 | -40.5% |
| Furniture and vehicles | 24 | €39,896 | €10,543 | -€29,353 | -73.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €3,685 | €3,685 | = | 0.0% |
| Current assets | 29/58 | €1,179,624 | €1,066,225 | -€113,400 | -9.6% |
| Stocks and contracts in progress | 3 | €12,542 | €19,191 | +€6,650 | +53.0% |
| Stocks | 30/36 | €12,542 | €19,191 | +€6,650 | +53.0% |
| Amounts receivable within one year | 40/41 | €504,616 | €581,995 | +€77,379 | +15.3% |
| Trade receivables | 40 | €504,494 | €479,525 | -€24,969 | -4.9% |
| Other amounts receivable | 41 | €122 | €102,470 | +€102,348 | +83,604% |
| Current investments | 50/53 | €91,583 | €98,565 | +€6,982 | +7.6% |
| Cash at bank and in hand | 54/58 | €564,001 | €359,541 | -€204,460 | -36.3% |
| Deferred charges and accrued income | 490/1 | €6,882 | €6,932 | +€50 | +0.7% |
| Total equity and liabilities | 10/49 | €1,388,008 | €1,233,450 | -€154,558 | -11.1% |
| Equity | 10/15 | €764,214 | €729,727 | -€34,487 | -4.5% |
| Contributions | 10/11 | €78,898 | €78,898 | = | 0.0% |
| Reserves | 13 | €622,916 | €588,416 | -€34,500 | -5.5% |
| Tax-exempt reserves | 132 | €179,916 | €179,916 | = | 0.0% |
| Distributable reserves | 133 | €443,000 | €408,500 | -€34,500 | -7.8% |
| Profit (loss) carried forward | 14 | €62,401 | €62,413 | +€13 | 0.0% |
| Amounts payable | 17/49 | €623,794 | €503,723 | -€120,071 | -19.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €623,794 | €503,723 | -€120,071 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €0 | -€4,460 | -100% |
| Trade debts | 44 | €380,851 | €355,680 | -€25,171 | -6.6% |
| Suppliers | 440/4 | €380,851 | €355,680 | -€25,171 | -6.6% |
| Taxes, remuneration and social security | 45 | €22,481 | €15,099 | -€7,382 | -32.8% |
| Taxes | 450/3 | €14,026 | €11,707 | -€2,319 | -16.5% |
| Remuneration and social security | 454/9 | €8,455 | €3,392 | -€5,063 | -59.9% |
| Other amounts payable | 47/48 | €216,001 | €132,943 | -€83,058 | -38.5% |
| Non-recurring operating income | 76A | €3,000 | €3,018 | +€18 | +0.6% |
| Remuneration, social security and pensions | 62 | €34,425 | €35,706 | +€1,281 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,577 | €41,159 | -€22,419 | -35.3% |
| Other operating charges | 640/8 | €9,644 | €11,332 | +€1,689 | +17.5% |
| Gross operating margin | 9900 | €209,887 | €230,266 | +€20,379 | +9.7% |
| Operating profit (loss) | 9901 | €102,241 | €142,069 | +€39,828 | +39.0% |
| Financial income | 75/76B | €1,907 | €5,251 | +€3,344 | +175% |
| Recurring financial income | 75 | €1,907 | €5,251 | +€3,344 | +175% |
| Financial charges | 65/66B | €3,424 | €3,610 | +€187 | +5.5% |
| Recurring financial charges | 65 | €3,424 | €3,610 | +€187 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €100,725 | €143,710 | +€42,985 | +42.7% |
| Income taxes | 67/77 | €28,865 | €45,254 | +€16,389 | +56.8% |
| Profit (loss) for the period | 9904 | €71,860 | €98,456 | +€26,597 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,860 | €98,456 | +€26,597 | +37.0% |
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 16 October 2026 via checked.be.