HOLVARE: 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.
HOLVARE
Largest movements
- Cash -€14,626
down €14,626 (-7.6%), from €193,208 to €178,582
mainly Net result for the year (-€29,786) and Other debts (-€1,426)
- Tangible fixed assets -€9,248
down €9,248 (-3.2%), from €289,713 to €280,465
of which Land and buildings: -€8,219
- Profit (loss) carried forward -€29,786
new in 2025: -€29,786
- Gross operating margin -€5,591
down €5,591 (-75.4%), from -€7,412 to -€13,003
- Financial income -€4,291
down €4,291 (-96.7%), from €4,439 to €148
- Taxes +€4,110
new in 2025: €4,110
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 | €482,921 | €459,047 | -€23,875 | -4.9% |
| Fixed assets | 21/28 | €289,713 | €280,465 | -€9,248 | -3.2% |
| Tangible fixed assets | 22/27 | €289,713 | €280,465 | -€9,248 | -3.2% |
| Land and buildings | 22 | €288,488 | €280,270 | -€8,219 | -2.8% |
| Plant, machinery and equipment | 23 | €363 | €195 | -€168 | -46.2% |
| Furniture and vehicles | 24 | €862 | - | -€862 | |
| Current assets | 29/58 | €193,208 | €178,582 | -€14,626 | -7.6% |
| Cash at bank and in hand | 54/58 | €193,208 | €178,582 | -€14,626 | -7.6% |
| Total equity and liabilities | 10/49 | €482,921 | €459,047 | -€23,875 | -4.9% |
| Equity | 10/15 | €216,610 | €186,823 | -€29,786 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,010 | €198,010 | = | 0.0% |
| Distributable reserves | 133 | €198,010 | €198,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,786 | -€29,786 | |
| Amounts payable | 17/49 | €266,312 | €272,223 | +€5,912 | +2.2% |
| Amounts payable within one year | 42/48 | €266,312 | €268,919 | +€2,607 | +1.0% |
| Trade debts | 44 | €182 | €106 | -€77 | -42.0% |
| Suppliers | 440/4 | €182 | €106 | -€77 | -42.0% |
| Taxes, remuneration and social security | 45 | - | €4,110 | +€4,110 | |
| Taxes | 450/3 | - | €4,110 | +€4,110 | |
| Other amounts payable | 47/48 | €266,130 | €264,704 | -€1,426 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €3,304 | +€3,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,269 | €9,248 | -€21 | -0.2% |
| Other operating charges | 640/8 | €3,465 | €3,573 | +€107 | +3.1% |
| Gross operating margin | 9900 | -€7,412 | -€13,003 | -€5,591 | -75.4% |
| Operating profit (loss) | 9901 | -€20,147 | -€25,824 | -€5,677 | -28.2% |
| Financial income | 75/76B | €4,439 | €148 | -€4,291 | -96.7% |
| Recurring financial income | 75 | €4,439 | €148 | -€4,291 | -96.7% |
| Financial charges | 65/66B | €99 | - | -€99 | |
| Recurring financial charges | 65 | €99 | - | -€99 | |
| Profit (loss) for the period before taxes | 9903 | -€15,807 | -€25,676 | -€9,870 | -62.4% |
| Income taxes | 67/77 | - | €4,110 | +€4,110 | |
| Profit (loss) for the period | 9904 | -€15,807 | -€29,786 | -€13,980 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,807 | -€29,786 | -€13,980 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.