HOLONCOM: 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.
HOLONCOM
Largest movements
- Current investments +€148,633
up €148,633 (+59.1%), from €251,367 to €400,000
- Cash -€87,639
down €87,639 (-16.4%), from €535,487 to €447,848
mainly Current investments (-€148,633) and Contributions, distributions and other (-€61,620)
- Deferred charges and accrued income +€49,229
up €49,229 (+95.6%), from €51,482 to €100,711
- Receivables within one year +€12,062
up €12,062 (+31.2%), from €38,705 to €50,766
of which Trade receivables: +€6,240
- Profit (loss) carried forward +€103,836
up €103,836, from €0 to €103,836
- Accrued charges and deferred income +€47,127
up €47,127 (+36.0%), from €130,943 to €178,070
- Reserves -€40,313
down €40,313 (-6.2%), from €653,553 to €613,240
of which Distributable reserves: -€40,313
- Depreciation -€4,462
down €4,462 (-49.2%), from €9,068 to €4,606
- Financial income +€3,744
up €3,744 (+41.0%), from €9,143 to €12,887
- Gross operating margin +€2,667
up €2,667 (+1.5%), from €177,612 to €180,279
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 | €903,067 | €1,020,092 | +€117,025 | +13.0% |
| Fixed assets | 21/28 | €11,641 | €7,036 | -€4,606 | -39.6% |
| Intangible fixed assets | 21 | €2,072 | €1,342 | -€730 | -35.2% |
| Tangible fixed assets | 22/27 | €9,569 | €5,694 | -€3,876 | -40.5% |
| Plant, machinery and equipment | 23 | €4,007 | €1,642 | -€2,365 | -59.0% |
| Furniture and vehicles | 24 | €5,563 | €4,051 | -€1,511 | -27.2% |
| Current assets | 29/58 | €891,426 | €1,013,057 | +€121,631 | +13.6% |
| Stocks and contracts in progress | 3 | €14,384 | €13,731 | -€653 | -4.5% |
| Stocks | 30/36 | €14,384 | €13,731 | -€653 | -4.5% |
| Amounts receivable within one year | 40/41 | €38,705 | €50,766 | +€12,062 | +31.2% |
| Trade receivables | 40 | €33,025 | €39,265 | +€6,240 | +18.9% |
| Other amounts receivable | 41 | €5,680 | €11,502 | +€5,822 | +102.5% |
| Current investments | 50/53 | €251,367 | €400,000 | +€148,633 | +59.1% |
| Cash at bank and in hand | 54/58 | €535,487 | €447,848 | -€87,639 | -16.4% |
| Deferred charges and accrued income | 490/1 | €51,482 | €100,711 | +€49,229 | +95.6% |
| Total equity and liabilities | 10/49 | €903,067 | €1,020,092 | +€117,025 | +13.0% |
| Equity | 10/15 | €672,153 | €735,676 | +€63,523 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €653,553 | €613,240 | -€40,313 | -6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €52,286 | €52,286 | = | 0.0% |
| Distributable reserves | 133 | €601,267 | €560,954 | -€40,313 | -6.7% |
| Profit (loss) carried forward | 14 | €0 | €103,836 | +€103,836 | |
| Amounts payable | 17/49 | €230,914 | €284,416 | +€53,502 | +23.2% |
| Amounts payable within one year | 42/48 | €99,970 | €106,346 | +€6,376 | +6.4% |
| Trade debts | 44 | €7,571 | €6,465 | -€1,106 | -14.6% |
| Suppliers | 440/4 | €7,571 | €6,465 | -€1,106 | -14.6% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,572 | €24,069 | +€9,497 | +65.2% |
| Taxes | 450/3 | €5,200 | €24,069 | +€18,868 | +362.8% |
| Remuneration and social security | 454/9 | €9,372 | €0 | -€9,372 | -100.0% |
| Other amounts payable | 47/48 | €76,828 | €75,812 | -€1,015 | -1.3% |
| Accrued charges and deferred income | 492/3 | €130,943 | €178,070 | +€47,127 | +36.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,068 | €4,606 | -€4,462 | -49.2% |
| Other operating charges | 640/8 | €1,070 | €1,859 | +€789 | +73.7% |
| Gross operating margin | 9900 | €177,612 | €180,279 | +€2,667 | +1.5% |
| Operating profit (loss) | 9901 | €167,474 | €173,814 | +€6,340 | +3.8% |
| Financial income | 75/76B | €9,143 | €12,887 | +€3,744 | +41.0% |
| Recurring financial income | 75 | €9,143 | €12,887 | +€3,744 | +41.0% |
| Financial charges | 65/66B | €9,424 | €7,874 | -€1,550 | -16.4% |
| Recurring financial charges | 65 | €9,424 | €7,874 | -€1,550 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €167,193 | €178,828 | +€11,635 | +7.0% |
| Income taxes | 67/77 | €52,615 | €53,685 | +€1,069 | +2.0% |
| Profit (loss) for the period | 9904 | €114,578 | €125,143 | +€10,565 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,578 | €125,143 | +€10,565 | +9.2% |
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 6 October 2026 via checked.be.