HOLVOET & CO: 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.
HOLVOET & CO
Largest movements
- Tangible fixed assets -€3,492
down €3,492 (-20.8%), from €16,824 to €13,332
of which Plant, machinery and equipment: -€4,810
- Cash +€1,193
up €1,193 (+101%), from €1,181 to €2,374
mainly Depreciation (+€4,905) and Net result for the year (+€2,727)
- Profit (loss) carried forward +€2,727
up €2,727, from -€2,716 to €11
- Other debts -€2,147
down €2,147 (-19.5%), from €11,000 to €8,853
- Current portion of long-term debt -€1,701
down €1,701 (-50.7%), from €3,352 to €1,651
- Debts after one year -€1,651
down €1,651 (-100%), from €1,651 to €0
- Trade debts +€333
up €333 (+26.2%), from €1,271 to €1,604
- Gross operating margin +€4,148
up €4,148 (+94.5%), from €4,391 to €8,539
- Other operating charges +€417
up €417 (+509%), from €82 to €499
- Depreciation +€244
up €244 (+5.2%), from €4,661 to €4,905
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 | €19,638 | €17,339 | -€2,299 | -11.7% |
| Fixed assets | 21/28 | €16,824 | €13,332 | -€3,492 | -20.8% |
| Tangible fixed assets | 22/27 | €16,824 | €13,332 | -€3,492 | -20.8% |
| Plant, machinery and equipment | 23 | €16,824 | €12,014 | -€4,810 | -28.6% |
| Furniture and vehicles | 24 | - | €1,318 | +€1,318 | |
| Current assets | 29/58 | €2,814 | €4,007 | +€1,193 | +42.4% |
| Amounts receivable within one year | 40/41 | €1,632 | €1,632 | = | 0.0% |
| Trade receivables | 40 | €1,623 | €1,623 | = | 0.0% |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,181 | €2,374 | +€1,193 | +101% |
| Total equity and liabilities | 10/49 | €19,638 | €17,339 | -€2,299 | -11.7% |
| Equity | 10/15 | €2,284 | €5,011 | +€2,727 | +119% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,716 | €11 | +€2,727 | |
| Amounts payable | 17/49 | €17,354 | €12,328 | -€5,026 | -29.0% |
| Amounts payable after more than one year | 17 | €1,651 | €0 | -€1,651 | -100% |
| Financial debts | 170/4 | €1,651 | €0 | -€1,651 | -100% |
| Amounts payable within one year | 42/48 | €15,703 | €12,328 | -€3,375 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €3,352 | €1,651 | -€1,701 | -50.7% |
| Trade debts | 44 | €1,271 | €1,604 | +€333 | +26.2% |
| Suppliers | 440/4 | €1,271 | €1,604 | +€333 | +26.2% |
| Taxes, remuneration and social security | 45 | €81 | €220 | +€140 | +173% |
| Taxes | 450/3 | €81 | €220 | +€140 | +173% |
| Other amounts payable | 47/48 | €11,000 | €8,853 | -€2,147 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,661 | €4,905 | +€244 | +5.2% |
| Other operating charges | 640/8 | €82 | €499 | +€417 | +509% |
| Gross operating margin | 9900 | €4,391 | €8,539 | +€4,148 | +94.5% |
| Operating profit (loss) | 9901 | -€352 | €3,135 | +€3,487 | |
| Financial charges | 65/66B | €461 | €409 | -€53 | -11.4% |
| Recurring financial charges | 65 | €461 | €409 | -€53 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€813 | €2,727 | +€3,540 | |
| Profit (loss) for the period | 9904 | -€813 | €2,727 | +€3,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€813 | €2,727 | +€3,540 |
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 30 October 2026 via checked.be.