HOLSBEEK BRASSCHAAT: 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.
HOLSBEEK BRASSCHAAT
Largest movements
- Receivables within one year +€104,965
up €104,965 (+26.5%), from €396,509 to €501,474
of which Other amounts receivable: +€97,409
- Tangible fixed assets -€35,677
down €35,677 (-8.6%), from €416,508 to €380,831
of which Plant, machinery and equipment: -€18,887
- Stocks and contracts +€18,290
up €18,290 (+11.9%), from €153,107 to €171,396
- Cash +€11,128
up €11,128 (+150%), from €7,426 to €18,554
mainly Trade debts (+€89,185) and Depreciation (+€35,677)
- Trade debts +€89,185
up €89,185 (+86.9%), from €102,621 to €191,805
- Other debts +€33,923
up €33,923 (+340%), from €9,986 to €43,908
- Debts after one year -€33,723
down €33,723 (-8.3%), from €408,558 to €374,835
- Gross operating margin +€40,071
up €40,071 (+19.4%), from €206,950 to €247,021
- Staff costs +€6,731
up €6,731 (+4.4%), from €154,288 to €161,019
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €996,396 | €1,095,900 | +€99,505 | +10.0% |
| Fixed assets | 21/28 | €419,508 | €383,831 | -€35,677 | -8.5% |
| Tangible fixed assets | 22/27 | €416,508 | €380,831 | -€35,677 | -8.6% |
| Land and buildings | 22 | €391,550 | €374,760 | -€16,790 | -4.3% |
| Plant, machinery and equipment | 23 | €24,958 | €6,071 | -€18,887 | -75.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €576,888 | €712,070 | +€135,182 | +23.4% |
| Stocks and contracts in progress | 3 | €153,107 | €171,396 | +€18,290 | +11.9% |
| Stocks | 30/36 | €153,107 | €171,396 | +€18,290 | +11.9% |
| Amounts receivable within one year | 40/41 | €396,509 | €501,474 | +€104,965 | +26.5% |
| Trade receivables | 40 | €71,460 | €79,016 | +€7,556 | +10.6% |
| Other amounts receivable | 41 | €325,049 | €422,458 | +€97,409 | +30.0% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,426 | €18,554 | +€11,128 | +150% |
| Deferred charges and accrued income | 490/1 | €9,847 | €10,645 | +€799 | +8.1% |
| Total equity and liabilities | 10/49 | €996,396 | €1,095,900 | +€99,505 | +10.0% |
| Equity | 10/15 | €179,700 | €187,732 | +€8,032 | +4.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €24,373 | €24,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,105 | €3,105 | = | 0.0% |
| Legal reserve | 130 | €3,105 | €3,105 | = | 0.0% |
| Distributable reserves | 133 | €21,269 | €21,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,673 | -€236,641 | +€8,032 | +3.3% |
| Amounts payable | 17/49 | €816,695 | €908,168 | +€91,473 | +11.2% |
| Amounts payable after more than one year | 17 | €408,558 | €374,835 | -€33,723 | -8.3% |
| Financial debts | 170/4 | €408,558 | €374,835 | -€33,723 | -8.3% |
| Amounts payable within one year | 42/48 | €407,864 | €532,935 | +€125,071 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €42,202 | €33,723 | -€8,479 | -20.1% |
| Financial debts | 43 | €231,646 | €231,621 | -€25 | 0.0% |
| Credit institutions | 430/8 | €231,646 | €231,621 | -€25 | 0.0% |
| Trade debts | 44 | €102,621 | €191,805 | +€89,185 | +86.9% |
| Suppliers | 440/4 | €102,621 | €191,805 | +€89,185 | +86.9% |
| Taxes, remuneration and social security | 45 | €21,410 | €31,877 | +€10,467 | +48.9% |
| Taxes | 450/3 | €1,980 | €4,928 | +€2,948 | +149% |
| Remuneration and social security | 454/9 | €19,430 | €26,949 | +€7,520 | +38.7% |
| Other amounts payable | 47/48 | €9,986 | €43,908 | +€33,923 | +340% |
| Accrued charges and deferred income | 492/3 | €273 | €398 | +€125 | +45.8% |
| Non-recurring operating income | 76A | - | €7,481 | +€7,481 | |
| Remuneration, social security and pensions | 62 | €154,288 | €161,019 | +€6,731 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,403 | €35,677 | +€274 | +0.8% |
| Other operating charges | 640/8 | €2,840 | €2,928 | +€88 | +3.1% |
| Gross operating margin | 9900 | €206,950 | €247,021 | +€40,071 | +19.4% |
| Operating profit (loss) | 9901 | €14,418 | €47,396 | +€32,978 | +229% |
| Financial income | 75/76B | €311 | - | -€311 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Non-recurring financial income | 76B | €278 | - | -€278 | |
| Financial charges | 65/66B | €40,884 | €39,364 | -€1,519 | -3.7% |
| Recurring financial charges | 65 | €40,884 | €39,364 | -€1,519 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,155 | €8,032 | +€34,187 | |
| Profit (loss) for the period | 9904 | -€26,155 | €8,032 | +€34,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,155 | €8,032 | +€34,187 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.