Holz - Bois: 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.
Holz - Bois
Largest movements
- Cash +€410,968
up €410,968 (+130%), from €316,157 to €727,124
mainly Other debts (+€497,531) and Net result for the year (+€314,445)
- Receivables within one year -€314,281
down €314,281 (-31.4%), from €999,467 to €685,186
of which Trade receivables: -€294,529
- Stocks and contracts -€289,952
down €289,952 (-14.6%), from €2.0m to €1.7m
- Other debts +€497,531
up €497,531 (+20,149%), from €2,469 to €500,000
- Debts after one year -€300,000
down €300,000 (-100%), from €300,000 to €0
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
- Reserves -€185,555
down €185,555 (-5.5%), from €3.4m to €3.2m
of which Distributable reserves: -€185,555
- Trade debts +€67,888
up €67,888 (+434%), from €15,634 to €83,522
- Gross operating margin +€210,273
up €210,273 (+89.7%), from €234,403 to €444,676
- Write-downs +€52,607
up €52,607 (+3,141%), from €1,675 to €54,282
- Staff costs +€39,455
up €39,455 (+14.7%), from €268,485 to €307,940
- Depreciation -€13,859
down €13,859 (-25.4%), from €54,486 to €40,627
- Financial charges -€13,119
down €13,119 (-30.1%), from €43,532 to €30,413
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 | €4,111,247 | €3,939,345 | -€171,901 | -4.2% |
| Fixed assets | 21/28 | €794,605 | €813,949 | +€19,344 | +2.4% |
| Tangible fixed assets | 22/27 | €85,605 | €104,949 | +€19,344 | +22.6% |
| Plant, machinery and equipment | 23 | €43,804 | €34,677 | -€9,128 | -20.8% |
| Furniture and vehicles | 24 | €37,027 | €61,704 | +€24,677 | +66.6% |
| Other tangible fixed assets | 26 | €4,773 | €8,568 | +€3,795 | +79.5% |
| Financial fixed assets | 28 | €709,000 | €709,000 | = | 0.0% |
| Current assets | 29/58 | €3,316,642 | €3,125,396 | -€191,245 | -5.8% |
| Stocks and contracts in progress | 3 | €1,982,284 | €1,692,332 | -€289,952 | -14.6% |
| Stocks | 30/36 | €1,982,284 | €1,692,332 | -€289,952 | -14.6% |
| Amounts receivable within one year | 40/41 | €999,467 | €685,186 | -€314,281 | -31.4% |
| Trade receivables | 40 | €944,876 | €650,347 | -€294,529 | -31.2% |
| Other amounts receivable | 41 | €54,591 | €34,839 | -€19,752 | -36.2% |
| Cash at bank and in hand | 54/58 | €316,157 | €727,124 | +€410,968 | +130% |
| Deferred charges and accrued income | 490/1 | €18,735 | €20,754 | +€2,019 | +10.8% |
| Total equity and liabilities | 10/49 | €4,111,247 | €3,939,345 | -€171,901 | -4.2% |
| Equity | 10/15 | €3,469,522 | €3,283,967 | -€185,555 | -5.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,369,522 | €3,183,967 | -€185,555 | -5.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,359,522 | €3,173,967 | -€185,555 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €641,724 | €655,378 | +€13,654 | +2.1% |
| Amounts payable after more than one year | 17 | €300,000 | €0 | -€300,000 | -100% |
| Financial debts | 170/4 | €300,000 | €0 | -€300,000 | -100% |
| Amounts payable within one year | 42/48 | €341,209 | €654,670 | +€313,461 | +91.9% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €15,634 | €83,522 | +€67,888 | +434% |
| Suppliers | 440/4 | €15,634 | €83,522 | +€67,888 | +434% |
| Advances received on contracts in progress | 46 | €43,381 | €0 | -€43,381 | -100% |
| Taxes, remuneration and social security | 45 | €79,724 | €71,147 | -€8,577 | -10.8% |
| Taxes | 450/3 | €42,117 | €36,279 | -€5,838 | -13.9% |
| Remuneration and social security | 454/9 | €37,608 | €34,868 | -€2,739 | -7.3% |
| Other amounts payable | 47/48 | €2,469 | €500,000 | +€497,531 | +20,149% |
| Accrued charges and deferred income | 492/3 | €516 | €708 | +€193 | +37.4% |
| Non-recurring operating income | 76A | €0 | €9,777 | +€9,777 | |
| Remuneration, social security and pensions | 62 | €268,485 | €307,940 | +€39,455 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,486 | €40,627 | -€13,859 | -25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,675 | €54,282 | +€52,607 | +3,141% |
| Other operating charges | 640/8 | €15,408 | €6,679 | -€8,729 | -56.7% |
| Gross operating margin | 9900 | €234,403 | €444,676 | +€210,273 | +89.7% |
| Operating profit (loss) | 9901 | -€105,651 | €35,149 | +€140,800 | |
| Financial income | 75/76B | €318,990 | €310,587 | -€8,404 | -2.6% |
| Recurring financial income | 75 | €318,990 | €310,587 | -€8,404 | -2.6% |
| Financial charges | 65/66B | €43,532 | €30,413 | -€13,119 | -30.1% |
| Recurring financial charges | 65 | €43,532 | €30,413 | -€13,119 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €169,808 | €315,323 | +€145,516 | +85.7% |
| Income taxes | 67/77 | €1,224 | €878 | -€346 | -28.3% |
| Profit (loss) for the period | 9904 | €168,583 | €314,445 | +€145,862 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €168,583 | €314,445 | +€145,862 | +86.5% |
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.