HOLVOET CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€25,598
down €25,598 (-18.3%), from €139,630 to €114,032
of which Trade receivables: -€20,169
- Cash -€3,360
down €3,360 (-34.3%), from €9,801 to €6,441
mainly Trade debts (-€19,995) and Debts after one year (-€17,635)
- Trade debts -€19,995
down €19,995 (-94.1%), from €21,255 to €1,260
- Reserves +€17,650
up €17,650 (+16.2%), from €108,955 to €126,605
- Debts after one year -€17,635
down €17,635 (-22.1%), from €79,841 to €62,206
- Other debts -€16,968
down €16,968 (-30.8%), from €55,113 to €38,145
- Tax, wage and social debts +€10,881
up €10,881 (+2,164%), from €503 to €11,384
of which Remuneration and social security: +€8,750
- Gross operating margin +€16,660
up €16,660 (+102%), from €16,273 to €32,933
- Taxes +€3,429
up €3,429 (+79.0%), from €4,338 to €7,768
- Financial charges -€1,162
down €1,162 (-21.3%), from €5,446 to €4,284
of which Non-recurring financial charges: -€1,050
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 | €304,501 | €275,786 | -€28,715 | -9.4% |
| Fixed assets | 21/28 | €153,755 | €151,037 | -€2,718 | -1.8% |
| Tangible fixed assets | 22/27 | €8,355 | €5,637 | -€2,718 | -32.5% |
| Land and buildings | 22 | €2,609 | €2,069 | -€540 | -20.7% |
| Plant, machinery and equipment | 23 | €1,035 | €788 | -€247 | -23.8% |
| Furniture and vehicles | 24 | €4,711 | €2,779 | -€1,931 | -41.0% |
| Financial fixed assets | 28 | €145,400 | €145,400 | = | 0.0% |
| Current assets | 29/58 | €150,746 | €124,749 | -€25,997 | -17.2% |
| Amounts receivable within one year | 40/41 | €139,630 | €114,032 | -€25,598 | -18.3% |
| Trade receivables | 40 | €20,169 | - | -€20,169 | |
| Other amounts receivable | 41 | €119,462 | €114,032 | -€5,429 | -4.5% |
| Cash at bank and in hand | 54/58 | €9,801 | €6,441 | -€3,360 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,315 | €4,276 | +€2,961 | +225% |
| Total equity and liabilities | 10/49 | €304,501 | €275,786 | -€28,715 | -9.4% |
| Equity | 10/15 | €127,505 | €145,155 | +€17,650 | +13.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €108,955 | €126,605 | +€17,650 | +16.2% |
| Distributable reserves | 133 | €108,955 | €126,605 | +€17,650 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €176,996 | €130,630 | -€46,365 | -26.2% |
| Amounts payable after more than one year | 17 | €79,841 | €62,206 | -€17,635 | -22.1% |
| Financial debts | 170/4 | €79,841 | €62,206 | -€17,635 | -22.1% |
| Amounts payable within one year | 42/48 | €94,004 | €68,424 | -€25,580 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €16,974 | €17,635 | +€662 | +3.9% |
| Trade debts | 44 | €21,255 | €1,260 | -€19,995 | -94.1% |
| Suppliers | 440/4 | €21,255 | €1,260 | -€19,995 | -94.1% |
| Advances received on contracts in progress | 46 | €160 | - | -€160 | |
| Taxes, remuneration and social security | 45 | €503 | €11,384 | +€10,881 | +2,164% |
| Taxes | 450/3 | €503 | €2,634 | +€2,131 | +424% |
| Remuneration and social security | 454/9 | - | €8,750 | +€8,750 | |
| Other amounts payable | 47/48 | €55,113 | €38,145 | -€16,968 | -30.8% |
| Accrued charges and deferred income | 492/3 | €3,150 | - | -€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,668 | €2,718 | +€50 | +1.9% |
| Other operating charges | 640/8 | €622 | €532 | -€90 | -14.5% |
| Gross operating margin | 9900 | €16,273 | €32,933 | +€16,660 | +102% |
| Operating profit (loss) | 9901 | €12,982 | €29,682 | +€16,700 | +129% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €5,446 | €4,284 | -€1,162 | -21.3% |
| Recurring financial charges | 65 | €4,396 | €4,284 | -€112 | -2.5% |
| Non-recurring financial charges | 66B | €1,050 | - | -€1,050 | |
| Profit (loss) for the period before taxes | 9903 | €7,536 | €25,418 | +€17,881 | +237% |
| Income taxes | 67/77 | €4,338 | €7,768 | +€3,429 | +79.0% |
| Profit (loss) for the period | 9904 | €3,198 | €17,650 | +€14,452 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €3,198 | €17,650 | +€14,452 | +452% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.