HOLPER & GEORGES: 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.
HOLPER & GEORGES
Largest movements
- Cash -€13,763
down €13,763 (-69.3%), from €19,870 to €6,107
mainly Receivables within one year (-€12,746) and Tax, wage and social debts (-€575)
- Receivables within one year +€12,746
up €12,746 (+225.5%), from €5,653 to €18,399
of which Other amounts receivable: +€11,698
- Tax, wage and social debts -€575
down €575 (-83.2%), from €691 to €116
- Profit (loss) carried forward -€379
down €379 (-9.8%), from €3,873 to €3,494
- Gross operating margin -€2,379
down €2,379, from €2,000 to -€379
- Taxes -€534
no longer reported in 2025 (was €534)
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 | €25,523 | €24,506 | -€1,016 | -4.0% |
| Current assets | 29/58 | €25,523 | €24,506 | -€1,016 | -4.0% |
| Amounts receivable within one year | 40/41 | €5,653 | €18,399 | +€12,746 | +225.5% |
| Trade receivables | 40 | €5,089 | €6,137 | +€1,048 | +20.6% |
| Other amounts receivable | 41 | €564 | €12,262 | +€11,698 | +2074.6% |
| Cash at bank and in hand | 54/58 | €19,870 | €6,107 | -€13,763 | -69.3% |
| Total equity and liabilities | 10/49 | €25,523 | €24,506 | -€1,016 | -4.0% |
| Equity | 10/15 | €22,473 | €22,094 | -€379 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,873 | €3,494 | -€379 | -9.8% |
| Amounts payable | 17/49 | €3,050 | €2,413 | -€637 | -20.9% |
| Amounts payable within one year | 42/48 | €2,820 | €2,230 | -€590 | -20.9% |
| Taxes, remuneration and social security | 45 | €691 | €116 | -€575 | -83.2% |
| Taxes | 450/3 | €691 | €116 | -€575 | -83.2% |
| Other amounts payable | 47/48 | €2,129 | €2,114 | -€15 | -0.7% |
| Accrued charges and deferred income | 492/3 | €230 | €182 | -€47 | -20.6% |
| Gross operating margin | 9900 | €2,000 | -€379 | -€2,379 | |
| Operating profit (loss) | 9901 | €2,000 | -€379 | -€2,379 | |
| Profit (loss) for the period before taxes | 9903 | €2,000 | -€379 | -€2,379 | |
| Income taxes | 67/77 | €534 | - | -€534 | |
| Profit (loss) for the period | 9904 | €1,466 | -€379 | -€1,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,466 | -€379 | -€1,845 |
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.