HOLYSMILE: 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.
HOLYSMILE
Largest movements
- Intangible fixed assets -€43,523
down €43,523 (-44.3%), from €98,263 to €54,740
- Cash -€19,588
down €19,588 (-35.6%), from €55,070 to €35,482
mainly Debts after one year (-€40,354) and Net result for the year (-€37,135)
- Tangible fixed assets -€11,594
down €11,594 (-21.6%), from €53,564 to €41,970
of which Furniture and vehicles: -€7,906
- Debts after one year -€40,354
down €40,354 (-21.4%), from €188,153 to €147,799
of which Financial debts: -€47,636
- Profit (loss) carried forward -€37,135
down €37,135 (-71.6%), from -€51,843 to -€88,978
- Accrued charges and deferred income +€4,985
new in 2025: €4,985
- Trade debts -€4,247
down €4,247 (-49.5%), from €8,584 to €4,337
- Financial charges -€6,659
down €6,659 (-7.6%), from €87,442 to €80,783
of which Non-recurring financial charges: -€10,642
- Gross operating margin -€5,203
down €5,203 (-3.7%), from €138,857 to €133,654
- Depreciation -€2,494
down €2,494 (-4.1%), from €61,378 to €58,884
- Staff costs -€1,469
down €1,469 (-4.9%), from €29,864 to €28,395
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 | €210,331 | €135,279 | -€75,052 | -35.7% |
| Formation expenses | 20 | €117 | - | -€117 | |
| Fixed assets | 21/28 | €152,087 | €96,710 | -€55,377 | -36.4% |
| Intangible fixed assets | 21 | €98,263 | €54,740 | -€43,523 | -44.3% |
| Tangible fixed assets | 22/27 | €53,564 | €41,970 | -€11,594 | -21.6% |
| Plant, machinery and equipment | 23 | €10,794 | €8,233 | -€2,561 | -23.7% |
| Furniture and vehicles | 24 | €38,286 | €30,380 | -€7,906 | -20.6% |
| Other tangible fixed assets | 26 | €4,484 | €3,357 | -€1,127 | -25.1% |
| Financial fixed assets | 28 | €260 | - | -€260 | |
| Current assets | 29/58 | €58,127 | €38,569 | -€19,558 | -33.6% |
| Amounts receivable within one year | 40/41 | €1,835 | €1,210 | -€625 | -34.1% |
| Trade receivables | 40 | €1,835 | €1,210 | -€625 | -34.1% |
| Cash at bank and in hand | 54/58 | €55,070 | €35,482 | -€19,588 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,222 | €1,877 | +€655 | +53.6% |
| Total equity and liabilities | 10/49 | €210,331 | €135,279 | -€75,052 | -35.7% |
| Equity | 10/15 | -€43,843 | -€80,978 | -€37,135 | -84.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,843 | -€88,978 | -€37,135 | -71.6% |
| Amounts payable | 17/49 | €254,174 | €216,257 | -€37,917 | -14.9% |
| Amounts payable after more than one year | 17 | €188,153 | €147,799 | -€40,354 | -21.4% |
| Financial debts | 170/4 | €121,378 | €73,742 | -€47,636 | -39.2% |
| Other amounts payable | 178/9 | €66,775 | €74,057 | +€7,282 | +10.9% |
| Amounts payable within one year | 42/48 | €66,021 | €63,473 | -€2,548 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €46,652 | €47,636 | +€984 | +2.1% |
| Trade debts | 44 | €8,584 | €4,337 | -€4,247 | -49.5% |
| Suppliers | 440/4 | €8,584 | €4,337 | -€4,247 | -49.5% |
| Taxes, remuneration and social security | 45 | €10,785 | €11,500 | +€715 | +6.6% |
| Taxes | 450/3 | €6,750 | €6,741 | -€9 | -0.1% |
| Remuneration and social security | 454/9 | €4,035 | €4,759 | +€724 | +17.9% |
| Accrued charges and deferred income | 492/3 | - | €4,985 | +€4,985 | |
| Remuneration, social security and pensions | 62 | €29,864 | €28,395 | -€1,469 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,378 | €58,884 | -€2,494 | -4.1% |
| Other operating charges | 640/8 | €2,200 | €2,598 | +€398 | +18.1% |
| Gross operating margin | 9900 | €138,857 | €133,654 | -€5,203 | -3.7% |
| Operating profit (loss) | 9901 | €45,415 | €43,777 | -€1,638 | -3.6% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €87,442 | €80,783 | -€6,659 | -7.6% |
| Recurring financial charges | 65 | €4,365 | €8,348 | +€3,983 | +91.2% |
| Non-recurring financial charges | 66B | €83,077 | €72,435 | -€10,642 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,027 | -€36,994 | +€5,033 | +12.0% |
| Income taxes | 67/77 | €150 | €141 | -€9 | -6.0% |
| Profit (loss) for the period | 9904 | -€42,177 | -€37,135 | +€5,042 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,177 | -€37,135 | +€5,042 | +12.0% |
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 26 October 2026 via checked.be.