HOLSPEED: 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.
HOLSPEED
Largest movements
- Current investments +€199,949
up €199,949 (+80.0%), from €250,000 to €449,949
- Tangible fixed assets -€12,153
down €12,153 (-21.8%), from €55,819 to €43,666
- Receivables within one year +€11,968
up €11,968, from €0 to €11,968
of which Other amounts receivable: +€11,968
- Cash +€11,084
up €11,084 (+2,094%), from €529 to €11,613
mainly Net result for the year (+€229,417) and Depreciation (+€14,377)
- Reserves +€229,417
up €229,417 (+182%), from €125,720 to €355,137
- Other debts -€17,529
down €17,529 (-13.9%), from €126,277 to €108,748
- Gross operating margin +€124,807
up €124,807 (+66.0%), from €189,175 to €313,982
- Taxes +€30,414
up €30,414 (+75.9%), from €40,051 to €70,464
- Financial charges +€7,534
up €7,534 (+15,068%), from €50 to €7,584
- Financial income +€4,972
up €4,972 (+140%), from €3,562 to €8,535
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 | €307,249 | €517,196 | +€209,946 | +68.3% |
| Fixed assets | 21/28 | €55,819 | €43,666 | -€12,153 | -21.8% |
| Tangible fixed assets | 22/27 | €55,819 | €43,666 | -€12,153 | -21.8% |
| Furniture and vehicles | 24 | €55,819 | €43,666 | -€12,153 | -21.8% |
| Current assets | 29/58 | €251,430 | €473,530 | +€222,100 | +88.3% |
| Amounts receivable within one year | 40/41 | €0 | €11,968 | +€11,968 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €11,968 | +€11,968 | |
| Current investments | 50/53 | €250,000 | €449,949 | +€199,949 | +80.0% |
| Cash at bank and in hand | 54/58 | €529 | €11,613 | +€11,084 | +2,094% |
| Deferred charges and accrued income | 490/1 | €901 | €0 | -€901 | -100% |
| Total equity and liabilities | 10/49 | €307,249 | €517,196 | +€209,946 | +68.3% |
| Equity | 10/15 | €128,720 | €358,137 | +€229,417 | +178% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €125,720 | €355,137 | +€229,417 | +182% |
| Distributable reserves | 133 | €125,720 | €355,137 | +€229,417 | +182% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,529 | €159,058 | -€19,471 | -10.9% |
| Amounts payable within one year | 42/48 | €177,379 | €154,891 | -€22,488 | -12.7% |
| Trade debts | 44 | €3,200 | €447 | -€2,752 | -86.0% |
| Suppliers | 440/4 | €3,200 | €447 | -€2,752 | -86.0% |
| Taxes, remuneration and social security | 45 | €47,903 | €45,696 | -€2,207 | -4.6% |
| Taxes | 450/3 | €45,903 | €45,696 | -€207 | -0.5% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €126,277 | €108,748 | -€17,529 | -13.9% |
| Accrued charges and deferred income | 492/3 | €1,150 | €4,167 | +€3,017 | +262% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,296 | €14,377 | +€81 | +0.6% |
| Other operating charges | 640/8 | €807 | €674 | -€133 | -16.5% |
| Gross operating margin | 9900 | €189,175 | €313,982 | +€124,807 | +66.0% |
| Operating profit (loss) | 9901 | €174,071 | €298,931 | +€124,859 | +71.7% |
| Financial income | 75/76B | €3,562 | €8,535 | +€4,972 | +140% |
| Recurring financial income | 75 | €3,562 | €8,535 | +€4,972 | +140% |
| Financial charges | 65/66B | €50 | €7,584 | +€7,534 | +15,068% |
| Recurring financial charges | 65 | €50 | €7,584 | +€7,534 | +15,068% |
| Profit (loss) for the period before taxes | 9903 | €177,584 | €299,882 | +€122,298 | +68.9% |
| Income taxes | 67/77 | €40,051 | €70,464 | +€30,414 | +75.9% |
| Profit (loss) for the period | 9904 | €137,533 | €229,417 | +€91,884 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,533 | €229,417 | +€91,884 | +66.8% |
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 16 October 2026 via checked.be.