HOLSON: what changed
HOLSON
Largest movements
- Cash +€45,171
up €45,171 (+480%), from €9,415 to €54,586
mainly Net result for the year (+€25,199) and Other debts (+€24,736)
- Receivables within one year +€8,515
up €8,515 (+40.6%), from €20,952 to €29,467
of which Trade receivables: +€17,846
- Tangible fixed assets -€4,956
down €4,956 (-14.9%), from €33,203 to €28,247
of which Plant, machinery and equipment: -€4,881
- Stocks and contracts -€1,514
down €1,514 (-37.2%), from €4,075 to €2,560
of which Contracts in progress: -€2,180
- Reserves +€25,199
up €25,199 (+173%), from €14,552 to €39,751
- Other debts +€24,736
up €24,736 (+231%), from €10,722 to €35,458
- Tax, wage and social debts -€3,884
down €3,884 (-63.7%), from €6,093 to €2,209
of which Taxes: -€3,729
- Gross operating margin +€24,162
up €24,162 (+100%), from €24,100 to €48,262
- Staff costs +€8,123
up €8,123 (+1,004%), from €810 to €8,933
- Taxes +€2,975
up €2,975 (+72.6%), from €4,098 to €7,073
- Financial charges +€1,175
up €1,175 (+119%), from €989 to €2,164
- Depreciation +€786
up €786 (+18.8%), from €4,170 to €4,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,644 | €114,859 | +€47,215 | +69.8% |
| Fixed assets | 21/28 | €33,203 | €28,247 | -€4,956 | -14.9% |
| Tangible fixed assets | 22/27 | €33,203 | €28,247 | -€4,956 | -14.9% |
| Land and buildings | 22 | €1,842 | €1,767 | -€75 | -4.1% |
| Plant, machinery and equipment | 23 | €31,361 | €26,480 | -€4,881 | -15.6% |
| Current assets | 29/58 | €34,441 | €86,612 | +€52,171 | +151% |
| Stocks and contracts in progress | 3 | €4,075 | €2,560 | -€1,514 | -37.2% |
| Stocks | 30/36 | €955 | €1,620 | +€666 | +69.7% |
| Contracts in progress | 37 | €3,120 | €940 | -€2,180 | -69.9% |
| Amounts receivable within one year | 40/41 | €20,952 | €29,467 | +€8,515 | +40.6% |
| Trade receivables | 40 | €11,544 | €29,390 | +€17,846 | +155% |
| Other amounts receivable | 41 | €9,408 | €77 | -€9,331 | -99.2% |
| Cash at bank and in hand | 54/58 | €9,415 | €54,586 | +€45,171 | +480% |
| Total equity and liabilities | 10/49 | €67,644 | €114,859 | +€47,215 | +69.8% |
| Equity | 10/15 | €24,552 | €49,751 | +€25,199 | +103% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,552 | €39,751 | +€25,199 | +173% |
| Distributable reserves | 133 | €14,552 | €39,751 | +€25,199 | +173% |
| Amounts payable | 17/49 | €43,092 | €65,108 | +€22,016 | +51.1% |
| Amounts payable within one year | 42/48 | €41,812 | €63,492 | +€21,680 | +51.9% |
| Trade debts | 44 | €24,998 | €25,826 | +€828 | +3.3% |
| Suppliers | 440/4 | €24,998 | €25,826 | +€828 | +3.3% |
| Taxes, remuneration and social security | 45 | €6,093 | €2,209 | -€3,884 | -63.7% |
| Taxes | 450/3 | €4,338 | €609 | -€3,729 | -86.0% |
| Remuneration and social security | 454/9 | €1,755 | €1,600 | -€155 | -8.8% |
| Other amounts payable | 47/48 | €10,722 | €35,458 | +€24,736 | +231% |
| Accrued charges and deferred income | 492/3 | €1,280 | €1,616 | +€336 | +26.3% |
| Remuneration, social security and pensions | 62 | €810 | €8,933 | +€8,123 | +1,004% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,170 | €4,956 | +€786 | +18.8% |
| Other operating charges | 640/8 | €471 | €578 | +€107 | +22.8% |
| Gross operating margin | 9900 | €24,100 | €48,262 | +€24,162 | +100% |
| Operating profit (loss) | 9901 | €18,649 | €33,795 | +€15,145 | +81.2% |
| Financial income | 75/76B | €757 | €642 | -€115 | -15.2% |
| Recurring financial income | 75 | €757 | €642 | -€115 | -15.2% |
| Financial charges | 65/66B | €989 | €2,164 | +€1,175 | +119% |
| Recurring financial charges | 65 | €989 | €2,164 | +€1,175 | +119% |
| Profit (loss) for the period before taxes | 9903 | €18,417 | €32,272 | +€13,855 | +75.2% |
| Income taxes | 67/77 | €4,098 | €7,073 | +€2,975 | +72.6% |
| Profit (loss) for the period | 9904 | €14,318 | €25,199 | +€10,880 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,318 | €25,199 | +€10,880 | +76.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.