Holly Sheaf IT: 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.
Holly Sheaf IT
Largest movements
- Cash +€32,833
up €32,833 (+82.7%), from €39,683 to €72,516
mainly Net result for the year (+€30,143) and Tax, wage and social debts (+€4,155)
- Receivables within one year +€2,323
up €2,323 (+20.5%), from €11,350 to €13,674
of which Other amounts receivable: +€7,871
- Reserves +€30,000
up €30,000 (+85.7%), from €35,000 to €65,000
- Tax, wage and social debts +€4,155
up €4,155 (+61.0%), from €6,807 to €10,962
of which Taxes: +€4,003
- Gross operating margin -€13,036
down €13,036 (-24.9%), from €52,440 to €39,404
- Taxes -€3,788
down €3,788 (-31.6%), from €11,974 to €8,186
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 | €53,081 | €87,233 | +€34,152 | +64.3% |
| Fixed assets | 21/28 | €1,671 | €1,043 | -€628 | -37.6% |
| Tangible fixed assets | 22/27 | €1,671 | €1,043 | -€628 | -37.6% |
| Furniture and vehicles | 24 | €1,671 | €1,043 | -€628 | -37.6% |
| Current assets | 29/58 | €51,410 | €86,190 | +€34,780 | +67.7% |
| Amounts receivable within one year | 40/41 | €11,350 | €13,674 | +€2,323 | +20.5% |
| Trade receivables | 40 | €11,320 | €5,772 | -€5,547 | -49.0% |
| Other amounts receivable | 41 | €31 | €7,901 | +€7,871 | +25,730% |
| Cash at bank and in hand | 54/58 | €39,683 | €72,516 | +€32,833 | +82.7% |
| Deferred charges and accrued income | 490/1 | €377 | €0 | -€377 | -100% |
| Total equity and liabilities | 10/49 | €53,081 | €87,233 | +€34,152 | +64.3% |
| Equity | 10/15 | €43,347 | €72,657 | +€29,310 | +67.6% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Distributable reserves | 133 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Profit (loss) carried forward | 14 | €747 | €57 | -€690 | -92.3% |
| Amounts payable | 17/49 | €9,734 | €14,576 | +€4,841 | +49.7% |
| Amounts payable within one year | 42/48 | €9,734 | €14,545 | +€4,810 | +49.4% |
| Trade debts | 44 | €702 | €1,299 | +€597 | +85.0% |
| Suppliers | 440/4 | €702 | €1,299 | +€597 | +85.0% |
| Taxes, remuneration and social security | 45 | €6,807 | €10,962 | +€4,155 | +61.0% |
| Taxes | 450/3 | €6,559 | €10,562 | +€4,003 | +61.0% |
| Remuneration and social security | 454/9 | €248 | €400 | +€152 | +61.3% |
| Other amounts payable | 47/48 | €2,225 | €2,283 | +€58 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €628 | +€415 | +194% |
| Other operating charges | 640/8 | €433 | €446 | +€12 | +2.9% |
| Gross operating margin | 9900 | €52,440 | €39,404 | -€13,036 | -24.9% |
| Operating profit (loss) | 9901 | €51,793 | €38,330 | -€13,463 | -26.0% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €70 | €91 | +€21 | +29.8% |
| Recurring financial charges | 65 | €70 | €91 | +€21 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €51,723 | €38,329 | -€13,394 | -25.9% |
| Income taxes | 67/77 | €11,974 | €8,186 | -€3,788 | -31.6% |
| Profit (loss) for the period | 9904 | €39,749 | €30,143 | -€9,606 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,749 | €30,143 | -€9,606 | -24.2% |
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 27 October 2026 via checked.be.