HOLLYMAG: 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.
HOLLYMAG
Largest movements
- Cash -€29,030
down €29,030 (-93.8%), from €30,943 to €1,913
mainly Other debts (-€33,743) and Deferred charges and accrued income (-€11,157)
- Receivables within one year -€19,892
down €19,892 (-84.4%), from €23,574 to €3,682
of which Trade receivables: -€20,131
- Tangible fixed assets -€11,676
down €11,676 (-6.4%), from €183,459 to €171,783
of which Land and buildings: -€5,850
- Deferred charges and accrued income +€11,157
new in 2025: €11,157
- Other debts -€33,743
down €33,743 (-24.7%), from €136,345 to €102,602
- Trade debts -€11,047
down €11,047 (-93.7%), from €11,796 to €749
- Profit (loss) carried forward -€2,720
down €2,720 (-8.0%), from €34,134 to €31,414
- Financial income -€15,467
no longer reported in 2025 (was €15,467)
of which Financial income: -€15,467
- Gross operating margin -€7,698
down €7,698 (-36.8%), from €20,946 to €13,248
- Other operating charges +€3,031
up €3,031 (+1,384%), from €219 to €3,250
- Financial charges +€824
up €824 (+378%), from €218 to €1,042
of which Non-recurring financial charges: +€829
- Depreciation +€405
up €405 (+3.6%), from €11,271 to €11,676
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 | €238,026 | €188,585 | -€49,441 | -20.8% |
| Fixed assets | 21/28 | €183,509 | €171,833 | -€11,676 | -6.4% |
| Tangible fixed assets | 22/27 | €183,459 | €171,783 | -€11,676 | -6.4% |
| Land and buildings | 22 | €138,535 | €132,685 | -€5,850 | -4.2% |
| Plant, machinery and equipment | 23 | €44,924 | €39,098 | -€5,826 | -13.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €54,517 | €16,752 | -€37,765 | -69.3% |
| Amounts receivable within one year | 40/41 | €23,574 | €3,682 | -€19,892 | -84.4% |
| Trade receivables | 40 | €22,430 | €2,299 | -€20,131 | -89.8% |
| Other amounts receivable | 41 | €1,144 | €1,383 | +€239 | +20.9% |
| Cash at bank and in hand | 54/58 | €30,943 | €1,913 | -€29,030 | -93.8% |
| Deferred charges and accrued income | 490/1 | - | €11,157 | +€11,157 | |
| Total equity and liabilities | 10/49 | €238,026 | €188,585 | -€49,441 | -20.8% |
| Equity | 10/15 | €87,194 | €84,474 | -€2,720 | -3.1% |
| Contributions | 10/11 | €41,200 | €41,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,360 | €5,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,360 | €5,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,134 | €31,414 | -€2,720 | -8.0% |
| Amounts payable | 17/49 | €150,832 | €104,111 | -€46,721 | -31.0% |
| Amounts payable within one year | 42/48 | €150,832 | €104,111 | -€46,721 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €2,096 | - | -€2,096 | |
| Trade debts | 44 | €11,796 | €749 | -€11,047 | -93.7% |
| Suppliers | 440/4 | €11,796 | €749 | -€11,047 | -93.7% |
| Taxes, remuneration and social security | 45 | €595 | €760 | +€165 | +27.7% |
| Taxes | 450/3 | €595 | €760 | +€165 | +27.7% |
| Other amounts payable | 47/48 | €136,345 | €102,602 | -€33,743 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,271 | €11,676 | +€405 | +3.6% |
| Other operating charges | 640/8 | €219 | €3,250 | +€3,031 | +1,384% |
| Gross operating margin | 9900 | €20,946 | €13,248 | -€7,698 | -36.8% |
| Operating profit (loss) | 9901 | €9,456 | -€1,678 | -€11,134 | |
| Financial income | 75/76B | €15,467 | - | -€15,467 | |
| Recurring financial income | 75 | €15,467 | - | -€15,467 | |
| Non-recurring financial income | 76B | €15,467 | - | -€15,467 | |
| Financial charges | 65/66B | €218 | €1,042 | +€824 | +378% |
| Recurring financial charges | 65 | €218 | €213 | -€5 | -2.3% |
| Non-recurring financial charges | 66B | - | €829 | +€829 | |
| Profit (loss) for the period before taxes | 9903 | €24,705 | -€2,720 | -€27,425 | |
| Profit (loss) for the period | 9904 | €24,705 | -€2,720 | -€27,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,705 | -€2,720 | -€27,425 |
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 15 October 2026 via checked.be.