Holstra: what changed
What changed
Holstra
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€178,553
2024 · €130,476+€48,077
Equity
€154,959
2024 · €146,407+€8,553
Cash
€140,313
2024 · €212,920-€72,606
Balance sheet total
€2.1m
2024 · €1.9m+€144,374
Largest movements
Assets
- Stocks and contracts +€259,478
up €259,478 (+37.4%), from €693,611 to €953,089
of which Contracts in progress: +€271,419
- Cash -€72,606
down €72,606 (-34.1%), from €212,920 to €140,313
mainly Stocks and contracts (-€259,478) and Contributions, distributions and other (-€170,000)
- Tangible fixed assets -€29,436
down €29,436 (-31.9%), from €92,310 to €62,874
of which Land and buildings: -€40,611
Equity and liabilities
- Other debts +€144,022
up €144,022 (+37.6%), from €382,701 to €526,723
- Advances received +€75,986
up €75,986 (+21.6%), from €351,247 to €427,233
- Trade debts -€70,114
down €70,114 (-14.7%), from €476,208 to €406,094
Income statement
- Gross operating margin +€116,251
up €116,251 (+13.2%), from €878,649 to €994,900
- Staff costs +€51,058
up €51,058 (+7.5%), from €685,239 to €736,297
- Depreciation +€32,181
up €32,181 (+93.9%), from €34,277 to €66,458
- Financial charges -€13,363
down €13,363 (-35.4%), from €37,719 to €24,356
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.
Result 2024
€130,476
Gross operating margin
+€116,251
Staff costs
-€51,058
Depreciation
-€32,181
Other operating charges
+€3,836
Financial income
+€89
Financial charges
+€13,363
Taxes
-€2,224
Result 2025
€178,553
raises the resultlowers the result
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.
From operations
+€136,260
Investment
-€37,022
Financing
-€171,844
Cash 2024
€212,920
From operations (derived)
+€136,260
Net result for the year
+€178,553
Depreciation
+€66,458
Stocks and contracts
-€259,478
Receivables within one year
+€15,725
Deferred charges and accrued income
-€2,663
Trade debts
-€70,114
Tax, wage and social debts
-€20,399
Advances received
+€75,986
Other debts
+€144,022
Accrued charges and deferred income
+€8,169
Investment (derived)
-€37,022
Investment in fixed assets (net)
-€37,022
Financing
-€171,844
Debts after one year
-€401
Current portion of long-term debt
-€2,794
Short-term financial debts
+€1,351
Contributions, distributions and other
-€170,000
Cash 2025
€140,313
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,929,740 | €2,074,114 | +€144,374 | +7.5% |
| Fixed assets | 21/28 | €100,259 | €70,823 | -€29,436 | -29.4% |
| Tangible fixed assets | 22/27 | €92,310 | €62,874 | -€29,436 | -31.9% |
| Land and buildings | 22 | €45,785 | €5,174 | -€40,611 | -88.7% |
| Plant, machinery and equipment | 23 | €21,684 | €12,026 | -€9,658 | -44.5% |
| Furniture and vehicles | 24 | €3,101 | €4,367 | +€1,266 | +40.8% |
| Leasing and similar rights | 25 | €21,739 | €41,307 | +€19,568 | +90.0% |
| Financial fixed assets | 28 | €7,949 | €7,949 | = | 0.0% |
| Current assets | 29/58 | €1,829,481 | €2,003,290 | +€173,809 | +9.5% |
| Stocks and contracts in progress | 3 | €693,611 | €953,089 | +€259,478 | +37.4% |
| Stocks | 30/36 | €412,939 | €400,998 | -€11,941 | -2.9% |
| Contracts in progress | 37 | €280,672 | €552,091 | +€271,419 | +96.7% |
| Amounts receivable within one year | 40/41 | €899,182 | €883,457 | -€15,725 | -1.7% |
| Trade receivables | 40 | €260,762 | €257,716 | -€3,046 | -1.2% |
| Other amounts receivable | 41 | €638,420 | €625,741 | -€12,679 | -2.0% |
| Cash at bank and in hand | 54/58 | €212,920 | €140,313 | -€72,606 | -34.1% |
| Deferred charges and accrued income | 490/1 | €23,768 | €26,431 | +€2,663 | +11.2% |
| Total equity and liabilities | 10/49 | €1,929,740 | €2,074,114 | +€144,374 | +7.5% |
| Equity | 10/15 | €146,407 | €154,959 | +€8,553 | +5.8% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €97,807 | €106,359 | +€8,553 | +8.7% |
| Distributable reserves | 133 | €97,807 | €106,359 | +€8,553 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,783,333 | €1,919,154 | +€135,821 | +7.6% |
| Amounts payable after more than one year | 17 | €25,192 | €24,791 | -€401 | -1.6% |
| Financial debts | 170/4 | €25,192 | €24,791 | -€401 | -1.6% |
| Amounts payable within one year | 42/48 | €1,755,381 | €1,883,434 | +€128,053 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €32,530 | €29,736 | -€2,794 | -8.6% |
| Financial debts | 43 | €410,211 | €411,562 | +€1,351 | +0.3% |
| Credit institutions | 430/8 | €410,211 | €411,562 | +€1,351 | +0.3% |
| Trade debts | 44 | €476,208 | €406,094 | -€70,114 | -14.7% |
| Suppliers | 440/4 | €476,208 | €406,094 | -€70,114 | -14.7% |
| Advances received on contracts in progress | 46 | €351,247 | €427,233 | +€75,986 | +21.6% |
| Taxes, remuneration and social security | 45 | €102,484 | €82,086 | -€20,399 | -19.9% |
| Taxes | 450/3 | €29,639 | €2,935 | -€26,704 | -90.1% |
| Remuneration and social security | 454/9 | €72,845 | €79,151 | +€6,306 | +8.7% |
| Other amounts payable | 47/48 | €382,701 | €526,723 | +€144,022 | +37.6% |
| Accrued charges and deferred income | 492/3 | €2,760 | €10,929 | +€8,169 | +296% |
| Non-recurring operating income | 76A | €0 | €1,165 | +€1,165 | |
| Remuneration, social security and pensions | 62 | €685,239 | €736,297 | +€51,058 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,277 | €66,458 | +€32,181 | +93.9% |
| Other operating charges | 640/8 | €8,067 | €4,231 | -€3,836 | -47.5% |
| Gross operating margin | 9900 | €878,649 | €994,900 | +€116,251 | +13.2% |
| Operating profit (loss) | 9901 | €151,066 | €187,914 | +€36,848 | +24.4% |
| Financial income | 75/76B | €22,014 | €22,103 | +€89 | +0.4% |
| Recurring financial income | 75 | €22,014 | €22,103 | +€89 | +0.4% |
| Financial charges | 65/66B | €37,719 | €24,356 | -€13,363 | -35.4% |
| Recurring financial charges | 65 | €37,719 | €24,356 | -€13,363 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €135,361 | €185,661 | +€50,300 | +37.2% |
| Income taxes | 67/77 | €4,885 | €7,108 | +€2,224 | +45.5% |
| Profit (loss) for the period | 9904 | €130,476 | €178,553 | +€48,077 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,476 | €178,553 | +€48,077 | +36.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.