HOLSBEEK: 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
HOLSBEEK
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€368,459
2024 · €310,151+€58,308
Equity
€2.6m
2024 · €2.2m+€368,459
Cash
€167,998
2024 · €199+€167,799
Balance sheet total
€10.3m
2024 · €9.9m+€420,730
Largest movements
Assets
- Receivables within one year +€367,223
up €367,223 (+155%), from €237,370 to €604,593
of which Other amounts receivable: +€367,108
- Cash +€167,799
up €167,799 (+84,122%), from €199 to €167,998
mainly Other debts (+€520,105) and Net result for the year (+€368,459)
- Tangible fixed assets -€129,295
down €129,295 (-14.6%), from €882,862 to €753,566
of which Land and buildings: -€126,513
Equity and liabilities
- Other debts +€520,105
up €520,105 (+14.7%), from €3.5m to €4.1m
- Debts after one year -€462,207
down €462,207 (-13.2%), from €3.5m to €3.0m
- Profit (loss) carried forward +€368,459
up €368,459 (+23.0%), from €1.6m to €2.0m
Income statement
- Turnover +€39,070
up €39,070 (+4.9%), from €804,000 to €843,070
- Financial income +€25,872
up €25,872 (+3,704%), from €698 to €26,571
- Services and other goods -€19,380
down €19,380 (-10.6%), from €182,731 to €163,351
- Taxes +€11,964
up €11,964 (+10.6%), from €113,107 to €125,072
- Other operating income -€11,752
down €11,752 (-22.3%), from €52,589 to €40,837
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
€310,151
Turnover
+€39,070
Other operating income
-€11,752
Services and other goods
+€19,380
Depreciation
+€6,523
Other operating charges
+€2,871
Other operating items
-€20,620
Financial income
+€25,872
Financial charges
+€8,929
Taxes
-€11,964
Result 2025
€368,459
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
+€547,569
Investment
-€17,277
Financing
-€362,494
Cash 2024
€199
From operations (derived)
+€547,569
Net result for the year
+€368,459
Depreciation
+€134,572
Receivables within one year
-€367,223
Deferred charges and accrued income
-€3,003
Trade debts
-€16,923
Tax, wage and social debts
-€89,147
Other debts
+€520,105
Accrued charges and deferred income
+€730
Investment (derived)
-€17,277
Investment in fixed assets (net)
-€5,277
Current investments
-€12,000
Financing
-€362,494
Debts after one year
-€462,207
Current portion of long-term debt
+€40,909
Short-term financial debts
+€58,804
Cash 2025
€167,998
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,886,009 | €10,306,738 | +€420,730 | +4.3% |
| Fixed assets | 21/28 | €9,633,376 | €9,504,081 | -€129,295 | -1.3% |
| Tangible fixed assets | 22/27 | €882,862 | €753,566 | -€129,295 | -14.6% |
| Land and buildings | 22 | €873,864 | €747,351 | -€126,513 | -14.5% |
| Plant, machinery and equipment | 23 | €8,997 | €6,215 | -€2,782 | -30.9% |
| Financial fixed assets | 28 | €8,750,515 | €8,750,515 | = | 0.0% |
| Affiliated companies | 280/1 | €8,750,515 | €8,750,515 | = | 0.0% |
| Participating interests | 280 | €8,750,515 | €8,750,515 | = | 0.0% |
| Current assets | 29/58 | €252,632 | €802,657 | +€550,025 | +218% |
| Amounts receivable within one year | 40/41 | €237,370 | €604,593 | +€367,223 | +155% |
| Trade receivables | 40 | - | €115 | +€115 | |
| Other amounts receivable | 41 | €237,370 | €604,478 | +€367,108 | +155% |
| Current investments | 50/53 | €15,004 | €27,004 | +€12,000 | +80.0% |
| Other investments | 51/53 | €15,004 | €27,004 | +€12,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €199 | €167,998 | +€167,799 | +84,122% |
| Deferred charges and accrued income | 490/1 | €59 | €3,062 | +€3,003 | +5,090% |
| Total equity and liabilities | 10/49 | €9,886,009 | €10,306,738 | +€420,730 | +4.3% |
| Equity | 10/15 | €2,233,937 | €2,602,396 | +€368,459 | +16.5% |
| Contributions | 10/11 | €573,315 | €573,315 | = | 0.0% |
| Capital | 10 | €573,315 | €573,315 | = | 0.0% |
| Issued capital | 100 | €573,315 | €573,315 | = | 0.0% |
| Reserves | 13 | €57,331 | €57,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,331 | €57,331 | = | 0.0% |
| Legal reserve | 130 | €57,331 | €57,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,603,291 | €1,971,750 | +€368,459 | +23.0% |
| Amounts payable | 17/49 | €7,652,072 | €7,704,342 | +€52,270 | +0.7% |
| Amounts payable after more than one year | 17 | €3,493,852 | €3,031,644 | -€462,207 | -13.2% |
| Financial debts | 170/4 | €3,493,852 | €3,031,644 | -€462,207 | -13.2% |
| Subordinated loans | 170 | - | €80,000 | +€80,000 | |
| Credit institutions | 173 | €3,400,518 | €2,951,645 | -€448,874 | -13.2% |
| Other loans | 174 | €93,333 | - | -€93,333 | |
| Amounts payable within one year | 42/48 | €4,153,619 | €4,667,367 | +€513,748 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €488,513 | €529,422 | +€40,909 | +8.4% |
| Financial debts | 43 | - | €58,804 | +€58,804 | |
| Credit institutions | 430/8 | - | €58,804 | +€58,804 | |
| Trade debts | 44 | €17,732 | €809 | -€16,923 | -95.4% |
| Suppliers | 440/4 | €17,732 | €809 | -€16,923 | -95.4% |
| Taxes, remuneration and social security | 45 | €114,219 | €25,072 | -€89,147 | -78.0% |
| Taxes | 450/3 | €113,107 | €25,072 | -€88,036 | -77.8% |
| Remuneration and social security | 454/9 | €1,112 | - | -€1,112 | |
| Other amounts payable | 47/48 | €3,533,155 | €4,053,260 | +€520,105 | +14.7% |
| Accrued charges and deferred income | 492/3 | €4,601 | €5,330 | +€730 | +15.9% |
| Operating income | 70/76A | €877,209 | €883,907 | +€6,698 | +0.8% |
| Turnover | 70 | €804,000 | €843,070 | +€39,070 | +4.9% |
| Other operating income | 74 | €52,589 | €40,837 | -€11,752 | -22.3% |
| Non-recurring operating income | 76A | €20,620 | - | -€20,620 | |
| Operating charges | 60/66A | €329,912 | €301,139 | -€28,774 | -8.7% |
| Services and other goods | 61 | €182,731 | €163,351 | -€19,380 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,095 | €134,572 | -€6,523 | -4.6% |
| Other operating charges | 640/8 | €6,086 | €3,215 | -€2,871 | -47.2% |
| Operating profit (loss) | 9901 | €547,296 | €582,768 | +€35,471 | +6.5% |
| Financial income | 75/76B | €698 | €26,571 | +€25,872 | +3,704% |
| Recurring financial income | 75 | €698 | €26,571 | +€25,872 | +3,704% |
| Other financial income | 752/9 | €698 | €26,571 | +€25,872 | +3,704% |
| Financial charges | 65/66B | €124,737 | €115,807 | -€8,929 | -7.2% |
| Recurring financial charges | 65 | €124,737 | €115,807 | -€8,929 | -7.2% |
| Debt charges | 650 | - | €114,897 | +€114,897 | |
| Other financial charges | 652/9 | €124,737 | €910 | -€123,826 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €423,258 | €493,531 | +€70,273 | +16.6% |
| Income taxes | 67/77 | €113,107 | €125,072 | +€11,964 | +10.6% |
| Taxes | 670/3 | €113,107 | €125,072 | +€11,964 | +10.6% |
| Profit (loss) for the period | 9904 | €310,151 | €368,459 | +€58,308 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €310,151 | €368,459 | +€58,308 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.