HOLSTEINERHOEVE: 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.
HOLSTEINERHOEVE
Largest movements
- Tangible fixed assets +€47,180
up €47,180 (+69.6%), from €67,773 to €114,954
of which Land and buildings: +€62,798
- Receivables within one year +€45,658
up €45,658 (+15.0%), from €303,749 to €349,407
of which Trade receivables: +€52,278
- Receivables after one year -€14,100
no longer reported in 2025 (was €14,100)
- Stocks and contracts -€11,535
down €11,535 (-5.7%), from €203,854 to €192,320
- Debts after one year +€194,968
up €194,968 (+107.8%), from €180,820 to €375,788
- Trade debts -€64,384
down €64,384 (-69.7%), from €92,343 to €27,959
- Other debts -€55,108
down €55,108 (-50.9%), from €108,218 to €53,110
- Current portion of long-term debt -€21,286
down €21,286 (-58.5%), from €36,402 to €15,115
- Profit (loss) carried forward +€7,789
up €7,789 (+5.3%), from €147,731 to €155,520
- Gross operating margin +€14,095
up €14,095 (+27.1%), from €51,927 to €66,021
- Depreciation -€8,960
down €8,960 (-20.8%), from €43,004 to €34,045
- Financial charges +€4,076
up €4,076 (+72.3%), from €5,636 to €9,712
- Taxes +€2,420
up €2,420 (+575.3%), from €421 to €2,841
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 | €605,838 | €670,896 | +€65,058 | +10.7% |
| Fixed assets | 21/28 | €69,284 | €116,465 | +€47,180 | +68.1% |
| Tangible fixed assets | 22/27 | €67,773 | €114,954 | +€47,180 | +69.6% |
| Land and buildings | 22 | €28,487 | €91,286 | +€62,798 | +220.4% |
| Plant, machinery and equipment | 23 | €1,933 | €715 | -€1,217 | -63.0% |
| Furniture and vehicles | 24 | €37,354 | €22,953 | -€14,401 | -38.6% |
| Financial fixed assets | 28 | €1,511 | €1,511 | = | 0.0% |
| Current assets | 29/58 | €536,554 | €554,431 | +€17,877 | +3.3% |
| Amounts receivable after more than one year | 29 | €14,100 | - | -€14,100 | |
| Other amounts receivable | 291 | €14,100 | - | -€14,100 | |
| Stocks and contracts in progress | 3 | €203,854 | €192,320 | -€11,535 | -5.7% |
| Stocks | 30/36 | €203,854 | €192,320 | -€11,535 | -5.7% |
| Amounts receivable within one year | 40/41 | €303,749 | €349,407 | +€45,658 | +15.0% |
| Trade receivables | 40 | €296,729 | €349,007 | +€52,278 | +17.6% |
| Other amounts receivable | 41 | €7,021 | €400 | -€6,621 | -94.3% |
| Cash at bank and in hand | 54/58 | €8,279 | €8,451 | +€172 | +2.1% |
| Deferred charges and accrued income | 490/1 | €6,571 | €4,253 | -€2,318 | -35.3% |
| Total equity and liabilities | 10/49 | €605,838 | €670,896 | +€65,058 | +10.7% |
| Equity | 10/15 | €158,828 | €165,605 | +€6,777 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,898 | €3,885 | -€1,013 | -20.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,038 | €2,025 | -€1,013 | -33.3% |
| Profit (loss) carried forward | 14 | €147,731 | €155,520 | +€7,789 | +5.3% |
| Provisions and deferred taxes | 16 | €1,012 | €675 | -€338 | -33.3% |
| Deferred taxes | 168 | €1,012 | €675 | -€338 | -33.3% |
| Amounts payable | 17/49 | €445,997 | €504,615 | +€58,618 | +13.1% |
| Amounts payable after more than one year | 17 | €180,820 | €375,788 | +€194,968 | +107.8% |
| Financial debts | 170/4 | €180,820 | €375,788 | +€194,968 | +107.8% |
| Amounts payable within one year | 42/48 | €243,857 | €101,781 | -€142,076 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €36,402 | €15,115 | -€21,286 | -58.5% |
| Trade debts | 44 | €92,343 | €27,959 | -€64,384 | -69.7% |
| Suppliers | 440/4 | €92,343 | €27,959 | -€64,384 | -69.7% |
| Taxes, remuneration and social security | 45 | €6,894 | €5,597 | -€1,298 | -18.8% |
| Taxes | 450/3 | €4,861 | €5,597 | +€736 | +15.1% |
| Remuneration and social security | 454/9 | €2,034 | - | -€2,034 | |
| Other amounts payable | 47/48 | €108,218 | €53,110 | -€55,108 | -50.9% |
| Accrued charges and deferred income | 492/3 | €21,320 | €27,046 | +€5,726 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,004 | €34,045 | -€8,960 | -20.8% |
| Other operating charges | 640/8 | €1,748 | €1,594 | -€153 | -8.8% |
| Gross operating margin | 9900 | €51,927 | €66,021 | +€14,095 | +27.1% |
| Operating profit (loss) | 9901 | €7,175 | €30,382 | +€23,208 | +323.5% |
| Financial income | 75/76B | €483 | €1,110 | +€627 | +129.9% |
| Recurring financial income | 75 | €483 | €1,110 | +€627 | +129.9% |
| Financial charges | 65/66B | €5,636 | €9,712 | +€4,076 | +72.3% |
| Recurring financial charges | 65 | €5,636 | €9,712 | +€4,076 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €2,022 | €21,780 | +€19,758 | +977.4% |
| Transfer from deferred taxes | 780 | €338 | €338 | = | 0.0% |
| Income taxes | 67/77 | €421 | €2,841 | +€2,420 | +575.3% |
| Profit (loss) for the period | 9904 | €1,938 | €19,277 | +€17,338 | +894.5% |
| Transfer from tax-exempt reserves | 789 | €1,013 | €1,013 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,951 | €20,289 | +€17,338 | +587.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.