HOLVOET ELECTRO: 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 ELECTRO
Largest movements
- Cash +€101,592
up €101,592 (+49.1%), from €206,988 to €308,580
mainly Net result for the year (+€82,052) and Stocks and contracts (+€43,171)
- Stocks and contracts -€43,171
down €43,171 (-9.6%), from €450,055 to €406,885
- Tangible fixed assets +€35,847
up €35,847 (+17.3%), from €207,332 to €243,179
of which Furniture and vehicles: +€36,093
- Reserves +€82,052
up €82,052 (+8.0%), from €1.0m to €1.1m
of which Distributable reserves: +€82,052
- Trade debts +€36,512
up €36,512 (+102%), from €35,687 to €72,200
- Gross operating margin -€73,980
down €73,980 (-24.5%), from €302,543 to €228,563
- Staff costs -€27,956
down €27,956 (-23.8%), from €117,467 to €89,512
- Financial charges +€19,937
up €19,937, from -€4,026 to €15,910
- Taxes -€16,184
down €16,184 (-29.0%), from €55,738 to €39,554
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 | €1,267,731 | €1,370,919 | +€103,188 | +8.1% |
| Fixed assets | 21/28 | €233,450 | €268,816 | +€35,367 | +15.1% |
| Intangible fixed assets | 21 | €1,118 | €638 | -€480 | -42.9% |
| Tangible fixed assets | 22/27 | €207,332 | €243,179 | +€35,847 | +17.3% |
| Land and buildings | 22 | €176,420 | €170,148 | -€6,273 | -3.6% |
| Plant, machinery and equipment | 23 | €3,498 | €9,524 | +€6,026 | +172% |
| Furniture and vehicles | 24 | €27,414 | €63,507 | +€36,093 | +132% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €1,034,281 | €1,102,103 | +€67,821 | +6.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €450,055 | €406,885 | -€43,171 | -9.6% |
| Stocks | 30/36 | €450,055 | €406,885 | -€43,171 | -9.6% |
| Amounts receivable within one year | 40/41 | €19,350 | €25,567 | +€6,217 | +32.1% |
| Trade receivables | 40 | €11,391 | €17,072 | +€5,682 | +49.9% |
| Other amounts receivable | 41 | €7,959 | €8,494 | +€535 | +6.7% |
| Current investments | 50/53 | €305,545 | €309,292 | +€3,746 | +1.2% |
| Cash at bank and in hand | 54/58 | €206,988 | €308,580 | +€101,592 | +49.1% |
| Deferred charges and accrued income | 490/1 | €2,343 | €1,780 | -€563 | -24.0% |
| Total equity and liabilities | 10/49 | €1,267,731 | €1,370,919 | +€103,188 | +8.1% |
| Equity | 10/15 | €1,045,326 | €1,127,378 | +€82,052 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,026,726 | €1,108,778 | +€82,052 | +8.0% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €1,008,726 | €1,090,778 | +€82,052 | +8.1% |
| Amounts payable | 17/49 | €222,405 | €243,541 | +€21,136 | +9.5% |
| Amounts payable after more than one year | 17 | €16,107 | €5,415 | -€10,692 | -66.4% |
| Financial debts | 170/4 | €16,107 | €5,415 | -€10,692 | -66.4% |
| Amounts payable within one year | 42/48 | €195,646 | €229,652 | +€34,006 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €10,512 | €10,692 | +€180 | +1.7% |
| Trade debts | 44 | €35,687 | €72,200 | +€36,512 | +102% |
| Suppliers | 440/4 | €35,687 | €72,200 | +€36,512 | +102% |
| Taxes, remuneration and social security | 45 | €9,556 | €9,838 | +€281 | +2.9% |
| Taxes | 450/3 | €9,556 | €4,402 | -€5,154 | -53.9% |
| Remuneration and social security | 454/9 | €0 | €5,436 | +€5,436 | |
| Other amounts payable | 47/48 | €139,891 | €136,923 | -€2,968 | -2.1% |
| Accrued charges and deferred income | 492/3 | €10,653 | €8,474 | -€2,179 | -20.5% |
| Non-recurring operating income | 76A | €207 | €3,719 | +€3,512 | +1,700% |
| Remuneration, social security and pensions | 62 | €117,467 | €89,512 | -€27,956 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,267 | €19,368 | -€899 | -4.4% |
| Other operating charges | 640/8 | €3,585 | €3,904 | +€319 | +8.9% |
| Gross operating margin | 9900 | €302,543 | €228,563 | -€73,980 | -24.5% |
| Operating profit (loss) | 9901 | €161,225 | €115,780 | -€45,445 | -28.2% |
| Financial income | 75/76B | €22,419 | €21,737 | -€682 | -3.0% |
| Recurring financial income | 75 | €22,419 | €21,737 | -€682 | -3.0% |
| Financial charges | 65/66B | -€4,026 | €15,910 | +€19,937 | |
| Recurring financial charges | 65 | -€4,026 | €15,910 | +€19,937 | |
| Profit (loss) for the period before taxes | 9903 | €187,670 | €121,606 | -€66,064 | -35.2% |
| Income taxes | 67/77 | €55,738 | €39,554 | -€16,184 | -29.0% |
| Profit (loss) for the period | 9904 | €131,932 | €82,052 | -€49,879 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €131,932 | €82,052 | -€49,879 | -37.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.