Holograms: 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.
Holograms
Largest movements
- Tangible fixed assets +€160,448
up €160,448 (+891.0%), from €18,007 to €178,456
of which Assets under construction and advance payments: +€170,554
- Cash -€81,322
down €81,322 (-81.1%), from €100,269 to €18,947
mainly Investment in fixed assets (net) (-€171,098)
- Receivables within one year -€10,802
down €10,802 (-44.6%), from €24,243 to €13,441
of which Trade receivables: -€10,802
- Profit (loss) carried forward +€58,087
up €58,087 (+67.5%), from €86,052 to €144,140
- Tax, wage and social debts +€9,709
up €9,709 (+26.8%), from €36,202 to €45,912
of which Remuneration and social security: +€5,636
- Gross operating margin -€11,480
down €11,480 (-12.2%), from €93,778 to €82,298
- Taxes -€2,119
down €2,119 (-12.5%), from €16,956 to €14,837
- Financial income +€1,797
new in 2025: €1,797
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 | €142,818 | €210,843 | +€68,025 | +47.6% |
| Fixed assets | 21/28 | €18,007 | €178,456 | +€160,448 | +891.0% |
| Tangible fixed assets | 22/27 | €18,007 | €178,456 | +€160,448 | +891.0% |
| Furniture and vehicles | 24 | €18,007 | €7,902 | -€10,105 | -56.1% |
| Assets under construction and advance payments | 27 | - | €170,554 | +€170,554 | |
| Current assets | 29/58 | €124,811 | €32,388 | -€92,423 | -74.1% |
| Amounts receivable within one year | 40/41 | €24,243 | €13,441 | -€10,802 | -44.6% |
| Trade receivables | 40 | €24,112 | €13,310 | -€10,802 | -44.8% |
| Other amounts receivable | 41 | €131 | €131 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,269 | €18,947 | -€81,322 | -81.1% |
| Deferred charges and accrued income | 490/1 | €298 | - | -€298 | |
| Total equity and liabilities | 10/49 | €142,818 | €210,843 | +€68,025 | +47.6% |
| Equity | 10/15 | €106,052 | €164,140 | +€58,087 | +54.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,052 | €144,140 | +€58,087 | +67.5% |
| Amounts payable | 17/49 | €36,766 | €46,704 | +€9,938 | +27.0% |
| Amounts payable within one year | 42/48 | €36,766 | €46,704 | +€9,938 | +27.0% |
| Trade debts | 44 | €563 | €792 | +€229 | +40.6% |
| Suppliers | 440/4 | €563 | €792 | +€229 | +40.6% |
| Taxes, remuneration and social security | 45 | €36,202 | €45,912 | +€9,709 | +26.8% |
| Taxes | 450/3 | €34,577 | €38,650 | +€4,073 | +11.8% |
| Remuneration and social security | 454/9 | €1,626 | €7,262 | +€5,636 | +346.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,426 | €10,649 | +€224 | +2.1% |
| Other operating charges | 640/8 | €221 | €147 | -€74 | -33.5% |
| Gross operating margin | 9900 | €93,778 | €82,298 | -€11,480 | -12.2% |
| Operating profit (loss) | 9901 | €83,131 | €71,502 | -€11,630 | -14.0% |
| Financial income | 75/76B | - | €1,797 | +€1,797 | |
| Recurring financial income | 75 | - | €1,797 | +€1,797 | |
| Financial charges | 65/66B | €211 | €375 | +€164 | +77.6% |
| Recurring financial charges | 65 | €211 | €190 | -€21 | -9.8% |
| Non-recurring financial charges | 66B | - | €184 | +€184 | |
| Profit (loss) for the period before taxes | 9903 | €82,920 | €72,925 | -€9,996 | -12.1% |
| Income taxes | 67/77 | €16,956 | €14,837 | -€2,119 | -12.5% |
| Profit (loss) for the period | 9904 | €65,964 | €58,087 | -€7,877 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,964 | €58,087 | -€7,877 | -11.9% |
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.