HOLVOET SERVICES: 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 SERVICES
Largest movements
- Cash +€15,939
up €15,939 (+1,598%), from €997 to €16,936
mainly Net result for the year (+€23,258) and Depreciation (+€16,306)
- Receivables within one year -€8,200
down €8,200 (-40.6%), from €20,210 to €12,009
of which Other amounts receivable: -€8,556
- Tangible fixed assets -€5,072
down €5,072 (-8.7%), from €58,341 to €53,270
of which Furniture and vehicles: -€5,207
- Formation expenses -€1,543
no longer reported in 2025 (was €1,543)
- Other debts -€24,059
down €24,059 (-79.1%), from €30,434 to €6,374
- Reserves +€23,258
up €23,258 (+769%), from €3,026 to €26,284
- Tax, wage and social debts +€6,483
up €6,483 (+844%), from €769 to €7,252
- Debts after one year -€4,252
down €4,252 (-11.8%), from €35,978 to €31,726
- Gross operating margin +€41,242
up €41,242 (+592%), from €6,971 to €48,212
- Depreciation +€13,908
up €13,908 (+580%), from €2,398 to €16,306
- Taxes +€5,313
up €5,313 (+691%), from €769 to €6,082
- Financial charges +€1,371
up €1,371 (+493%), from €278 to €1,648
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 | €81,117 | €82,490 | +€1,373 | +1.7% |
| Formation expenses | 20 | €1,543 | - | -€1,543 | |
| Fixed assets | 21/28 | €58,341 | €53,270 | -€5,072 | -8.7% |
| Tangible fixed assets | 22/27 | €58,341 | €53,270 | -€5,072 | -8.7% |
| Plant, machinery and equipment | 23 | - | €135 | +€135 | |
| Furniture and vehicles | 24 | €58,341 | €53,135 | -€5,207 | -8.9% |
| Current assets | 29/58 | €21,233 | €29,220 | +€7,987 | +37.6% |
| Amounts receivable within one year | 40/41 | €20,210 | €12,009 | -€8,200 | -40.6% |
| Trade receivables | 40 | €11,057 | €11,412 | +€355 | +3.2% |
| Other amounts receivable | 41 | €9,153 | €597 | -€8,556 | -93.5% |
| Cash at bank and in hand | 54/58 | €997 | €16,936 | +€15,939 | +1,598% |
| Deferred charges and accrued income | 490/1 | €26 | €275 | +€249 | +956% |
| Total equity and liabilities | 10/49 | €81,117 | €82,490 | +€1,373 | +1.7% |
| Equity | 10/15 | €5,026 | €28,284 | +€23,258 | +463% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,026 | €26,284 | +€23,258 | +769% |
| Distributable reserves | 133 | €3,026 | €26,284 | +€23,258 | +769% |
| Amounts payable | 17/49 | €76,091 | €54,206 | -€21,886 | -28.8% |
| Amounts payable after more than one year | 17 | €35,978 | €31,726 | -€4,252 | -11.8% |
| Financial debts | 170/4 | €35,978 | €31,726 | -€4,252 | -11.8% |
| Amounts payable within one year | 42/48 | €40,113 | €22,480 | -€17,634 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €8,340 | €8,340 | = | 0.0% |
| Trade debts | 44 | €571 | €514 | -€58 | -10.1% |
| Suppliers | 440/4 | €571 | €514 | -€58 | -10.1% |
| Taxes, remuneration and social security | 45 | €769 | €7,252 | +€6,483 | +844% |
| Taxes | 450/3 | €769 | €7,252 | +€6,483 | +844% |
| Other amounts payable | 47/48 | €30,434 | €6,374 | -€24,059 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,398 | €16,306 | +€13,908 | +580% |
| Other operating charges | 640/8 | €500 | €941 | +€441 | +88.3% |
| Gross operating margin | 9900 | €6,971 | €48,212 | +€41,242 | +592% |
| Operating profit (loss) | 9901 | €4,072 | €30,965 | +€26,893 | +660% |
| Financial income | 75/76B | €0 | €23 | +€23 | +29,138% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +29,138% |
| Financial charges | 65/66B | €278 | €1,648 | +€1,371 | +493% |
| Recurring financial charges | 65 | €278 | €1,648 | +€1,371 | +493% |
| Profit (loss) for the period before taxes | 9903 | €3,795 | €29,340 | +€25,545 | +673% |
| Income taxes | 67/77 | €769 | €6,082 | +€5,313 | +691% |
| Profit (loss) for the period | 9904 | €3,026 | €23,258 | +€20,232 | +669% |
| Profit (loss) for the period to be appropriated | 9905 | €3,026 | €23,258 | +€20,232 | +669% |
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 17 October 2026 via checked.be.