HOLLYS: 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.
What changed
HOLLYS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,863
2024 · €52,085-€49,223
Equity
€10.8m
2024 · €10.8m+€2,863
Cash
€858,774
2024 · €123,208+€735,566
Balance sheet total
€16.8m
2024 · €14.5m+€2.3m
Largest movements
Assets
- Receivables after one year +€1.4m
up €1.4m (+23.0%), from €6.1m to €7.5m
- Cash +€735,566
up €735,566 (+597%), from €123,208 to €858,774
mainly Debts after one year (+€2.0m) and Other debts (+€287,590)
Equity and liabilities
- Debts after one year +€2.0m
new in 2025: €2.0m
- Other debts +€287,590
up €287,590 (+7.9%), from €3.7m to €3.9m
Income statement
- Turnover -€255,000
no longer reported in 2025 (was €255,000)
- Gross operating margin +€182,993
new in 2025: €182,993
- Financial income -€140,081
down €140,081 (-100%), from €140,081 to €0
of which Financial income: -€140,081
- Services and other goods -€130,150
no longer reported in 2025 (was €130,150)
- Staff costs -€23,898
down €23,898 (-33.9%), from €70,536 to €46,638
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.
Result 2024
€52,085
Turnover
-€255,000
Other operating income
-€2,728
Services and other goods
+€130,150
Staff costs
+€23,898
Depreciation
-€669
Other operating charges
-€773
Other operating items
+€182,993
Financial income
-€140,081
Financial charges
+€12,074
Taxes
+€913
Result 2025
€2,863
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.2m
Investment
-€67,158
Financing
+€2.0m
Cash 2024
€123,208
From operations (derived)
-€1.2m
Net result for the year
+€2,863
Depreciation
+€3,530
Receivables after one year
-€1.4m
Receivables within one year
-€98,407
Deferred charges and accrued income
-€1,424
Trade debts
-€7,242
Tax, wage and social debts
-€5,484
Other debts
+€287,590
Investment (derived)
-€67,158
Investment in fixed assets (net)
-€67,158
Financing
+€2.0m
Debts after one year
+€2.0m
Cash 2025
€858,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,522,649 | €16,820,375 | +€2.3m | +15.8% |
| Fixed assets | 21/28 | €8,033,784 | €8,097,412 | +€63,628 | +0.8% |
| Tangible fixed assets | 22/27 | €6,057 | €69,685 | +€63,628 | +1,051% |
| Land and buildings | 22 | - | €62,007 | +€62,007 | |
| Furniture and vehicles | 24 | €6,057 | €7,678 | +€1,622 | +26.8% |
| Financial fixed assets | 28 | €8,027,727 | €8,027,727 | = | 0.0% |
| Affiliated companies | 280/1 | €8,027,727 | - | -€8.0m | |
| Participating interests | 280 | €8,027,727 | - | -€8.0m | |
| Current assets | 29/58 | €6,488,865 | €8,722,963 | +€2.2m | +34.4% |
| Amounts receivable after more than one year | 29 | €6,082,961 | €7,481,661 | +€1.4m | +23.0% |
| Other amounts receivable | 291 | €6,082,961 | €7,481,661 | +€1.4m | +23.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €281,278 | €379,685 | +€98,407 | +35.0% |
| Trade receivables | 40 | €66,247 | €150,819 | +€84,572 | +128% |
| Other amounts receivable | 41 | €215,031 | €228,866 | +€13,835 | +6.4% |
| Cash at bank and in hand | 54/58 | €123,208 | €858,774 | +€735,566 | +597% |
| Deferred charges and accrued income | 490/1 | €1,419 | €2,843 | +€1,424 | +100% |
| Total equity and liabilities | 10/49 | €14,522,649 | €16,820,375 | +€2.3m | +15.8% |
| Equity | 10/15 | €10,820,143 | €10,823,006 | +€2,863 | 0.0% |
| Contributions | 10/11 | €1,572,129 | €1,572,129 | = | 0.0% |
| Revaluation surpluses | 12 | €7,312,918 | €7,312,918 | = | 0.0% |
| Reserves | 13 | €1,935,095 | €1,937,958 | +€2,863 | +0.1% |
| Tax-exempt reserves | 132 | €86,591 | €86,591 | = | 0.0% |
| Distributable reserves | 133 | €1,848,505 | €1,851,367 | +€2,863 | +0.2% |
| Amounts payable | 17/49 | €3,702,506 | €5,997,370 | +€2.3m | +62.0% |
| Amounts payable after more than one year | 17 | - | €2,020,000 | +€2.0m | |
| Other amounts payable | 178/9 | - | €2,020,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €3,702,506 | €3,977,370 | +€274,864 | +7.4% |
| Trade debts | 44 | €32,591 | €25,349 | -€7,242 | -22.2% |
| Suppliers | 440/4 | €32,591 | €25,349 | -€7,242 | -22.2% |
| Taxes, remuneration and social security | 45 | €13,795 | €8,312 | -€5,484 | -39.7% |
| Taxes | 450/3 | €13,030 | €8,312 | -€4,718 | -36.2% |
| Remuneration and social security | 454/9 | €765 | €0 | -€765 | -100% |
| Other amounts payable | 47/48 | €3,656,119 | €3,943,709 | +€287,590 | +7.9% |
| Operating income | 70/76A | €257,728 | - | -€257,728 | |
| Turnover | 70 | €255,000 | - | -€255,000 | |
| Other operating income | 74 | €2,728 | - | -€2,728 | |
| Operating charges | 60/66A | €204,308 | - | -€204,308 | |
| Services and other goods | 61 | €130,150 | - | -€130,150 | |
| Remuneration, social security and pensions | 62 | €70,536 | €46,638 | -€23,898 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,861 | €3,530 | +€669 | +23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €761 | €1,534 | +€773 | +102% |
| Gross operating margin | 9900 | - | €182,993 | +€182,993 | |
| Operating profit (loss) | 9901 | €53,420 | €131,291 | +€77,871 | +146% |
| Financial income | 75/76B | €140,081 | €0 | -€140,081 | -100% |
| Recurring financial income | 75 | €140,081 | €0 | -€140,081 | -100% |
| Income from current assets | 751 | €140,081 | - | -€140,081 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €139,663 | €127,589 | -€12,074 | -8.6% |
| Recurring financial charges | 65 | €139,663 | €127,589 | -€12,074 | -8.6% |
| Debt charges | 650 | €136,299 | - | -€136,299 | |
| Other financial charges | 652/9 | €3,364 | - | -€3,364 | |
| Profit (loss) for the period before taxes | 9903 | €53,838 | €3,702 | -€50,136 | -93.1% |
| Income taxes | 67/77 | €1,753 | €839 | -€913 | -52.1% |
| Taxes | 670/3 | €1,753 | - | -€1,753 | |
| Profit (loss) for the period | 9904 | €52,085 | €2,863 | -€49,223 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,085 | €2,863 | -€49,223 | -94.5% |
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 1 November 2026 via checked.be.