HOLMA: what changed
Two fiscal 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.
HOLMA
Largest movements
- Receivables within one year -€92,373
down €92,373 (-33.5%), from €275,357 to €182,984
of which Other amounts receivable: -€49,801
- Tangible fixed assets -€74,531
down €74,531 (-35.1%), from €212,390 to €137,859
of which Other tangible fixed assets: -€38,322
- Cash +€14,726
up €14,726 (+57.9%), from €25,424 to €40,150
mainly Receivables within one year (+€92,373) and Depreciation (+€80,108)
- Stocks and contracts +€7,514
up €7,514 (+12.0%), from €62,778 to €70,292
- Profit (loss) carried forward -€110,137
down €110,137 (-152.6%), from -€72,157 to -€182,294
- Trade debts -€38,625
down €38,625 (-7.5%), from €515,781 to €477,155
- Staff costs +€105,558
up €105,558 (+29.1%), from €363,253 to €468,811
- Depreciation -€79,434
down €79,434 (-49.8%), from €159,543 to €80,108
- Gross operating margin +€7,301
up €7,301 (+1.7%), from €438,087 to €445,388
- Other operating charges +€5,442
up €5,442 (+616.6%), from €883 to €6,324
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.
Cash bridge derived
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 | €575,949 | €431,285 | -€144,664 | -25.1% |
| Fixed assets | 21/28 | €212,390 | €137,859 | -€74,531 | -35.1% |
| Tangible fixed assets | 22/27 | €212,390 | €137,859 | -€74,531 | -35.1% |
| Plant, machinery and equipment | 23 | €93,091 | €57,381 | -€35,710 | -38.4% |
| Furniture and vehicles | 24 | €500 | - | -€500 | |
| Other tangible fixed assets | 26 | €118,800 | €80,478 | -€38,322 | -32.3% |
| Current assets | 29/58 | €363,559 | €293,426 | -€70,133 | -19.3% |
| Stocks and contracts in progress | 3 | €62,778 | €70,292 | +€7,514 | +12.0% |
| Stocks | 30/36 | €62,778 | €70,292 | +€7,514 | +12.0% |
| Amounts receivable within one year | 40/41 | €275,357 | €182,984 | -€92,373 | -33.5% |
| Trade receivables | 40 | €44,215 | €1,643 | -€42,572 | -96.3% |
| Other amounts receivable | 41 | €231,142 | €181,341 | -€49,801 | -21.5% |
| Cash at bank and in hand | 54/58 | €25,424 | €40,150 | +€14,726 | +57.9% |
| Total equity and liabilities | 10/49 | €575,949 | €431,285 | -€144,664 | -25.1% |
| Equity | 10/15 | -€53,607 | -€163,744 | -€110,137 | -205.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,157 | -€182,294 | -€110,137 | -152.6% |
| Amounts payable | 17/49 | €629,556 | €595,029 | -€34,528 | -5.5% |
| Amounts payable within one year | 42/48 | €629,556 | €595,029 | -€34,528 | -5.5% |
| Trade debts | 44 | €515,781 | €477,155 | -€38,625 | -7.5% |
| Suppliers | 440/4 | €515,781 | €477,155 | -€38,625 | -7.5% |
| Taxes, remuneration and social security | 45 | €113,776 | €117,874 | +€4,098 | +3.6% |
| Taxes | 450/3 | €45,175 | €46,669 | +€1,495 | +3.3% |
| Remuneration and social security | 454/9 | €68,601 | €71,204 | +€2,603 | +3.8% |
| Non-recurring operating income | 76A | - | €17,500 | +€17,500 | |
| Remuneration, social security and pensions | 62 | €363,253 | €468,811 | +€105,558 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,543 | €80,108 | -€79,434 | -49.8% |
| Other operating charges | 640/8 | €883 | €6,324 | +€5,442 | +616.6% |
| Gross operating margin | 9900 | €438,087 | €445,388 | +€7,301 | +1.7% |
| Operating profit (loss) | 9901 | -€85,591 | -€109,856 | -€24,265 | -28.3% |
| Financial income | 75/76B | €6,759 | €2,877 | -€3,883 | -57.4% |
| Recurring financial income | 75 | €6,759 | €2,877 | -€3,883 | -57.4% |
| Financial charges | 65/66B | €2,497 | €2,775 | +€278 | +11.1% |
| Recurring financial charges | 65 | €2,482 | €2,741 | +€259 | +10.4% |
| Non-recurring financial charges | 66B | €15 | €34 | +€19 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | -€81,329 | -€109,755 | -€28,425 | -35.0% |
| Income taxes | 67/77 | €160 | €382 | +€222 | +138.1% |
| Profit (loss) for the period | 9904 | -€81,490 | -€110,137 | -€28,647 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,490 | -€110,137 | -€28,647 | -35.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.