HOLZ NIESSEN: what changed
What changed
HOLZ NIESSEN
NACE 46.832, Wholesale of timber
filed annual accounts (NBB)
Net result for the year
€773,411
2024 · €4.5m-€3.7m
Equity
€8.8m
2024 · €8.5m+€273,411
Cash
€140,435
2024 · €108,958+€31,477
Balance sheet total
€10.0m
2024 · €9.6m+€428,326
Largest movements
Assets
- Current investments +€434,993
up €434,993 (+6.7%), from €6.5m to €7.0m
- Receivables within one year +€294,553
up €294,553 (+60.2%), from €489,046 to €783,600
of which Trade receivables: +€260,569
- Stocks and contracts -€272,691
down €272,691 (-31.6%), from €863,866 to €591,175
Equity and liabilities
- Other debts +€340,000
up €340,000 (+213%), from €160,000 to €500,000
- Profit (loss) carried forward +€273,411
up €273,411 (+3.5%), from €7.9m to €8.2m
- Debts after one year -€239,028
down €239,028 (-49.7%), from €480,734 to €241,705
Income statement
- Gross operating margin -€5.9m
down €5.9m (-99.0%), from €5.9m to €60,995
- Taxes -€1.4m
down €1.4m (-93.4%), from €1.5m to €101,627
- Financial income +€735,154
up €735,154 (+356%), from €206,740 to €941,894
of which Financial income: +€925,898
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.5m
Gross operating margin
-€5.9m
Staff costs
+€55,855
Depreciation
-€3,514
Other operating charges
+€18,586
Other operating items
+€2,740
Financial income
+€735,154
Financial charges
-€7,222
Taxes
+€1.4m
Deferred taxes and other
-€88,434
Result 2025
€773,411
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€442,435
Financing
-€736,381
Cash 2024
€108,958
From operations (derived)
+€1.2m
Net result for the year
+€773,411
Depreciation
+€63,893
Stocks and contracts
+€272,691
Receivables within one year
-€294,553
Deferred charges and accrued income
+€3,555
Trade debts
-€18,545
Tax, wage and social debts
+€69,267
Other debts
+€340,000
Accrued charges and deferred income
+€574
Investment (derived)
-€442,435
Investment in fixed assets (net)
-€7,442
Current investments
-€434,993
Financing
-€736,381
Debts after one year
-€239,028
Current portion of long-term debt
+€2,647
Contributions, distributions and other
-€500,000
Cash 2025
€140,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,565,673 | €9,993,999 | +€428,326 | +4.5% |
| Fixed assets | 21/28 | €1,559,317 | €1,502,866 | -€56,451 | -3.6% |
| Tangible fixed assets | 22/27 | €404,116 | €349,665 | -€54,451 | -13.5% |
| Land and buildings | 22 | €302,329 | €257,724 | -€44,605 | -14.8% |
| Furniture and vehicles | 24 | €101,787 | €91,941 | -€9,846 | -9.7% |
| Financial fixed assets | 28 | €1,155,201 | €1,153,201 | -€2,000 | -0.2% |
| Current assets | 29/58 | €8,006,356 | €8,491,133 | +€484,777 | +6.1% |
| Stocks and contracts in progress | 3 | €863,866 | €591,175 | -€272,691 | -31.6% |
| Stocks | 30/36 | €863,866 | €591,175 | -€272,691 | -31.6% |
| Amounts receivable within one year | 40/41 | €489,046 | €783,600 | +€294,553 | +60.2% |
| Trade receivables | 40 | €399,863 | €660,432 | +€260,569 | +65.2% |
| Other amounts receivable | 41 | €89,184 | €123,168 | +€33,985 | +38.1% |
| Current investments | 50/53 | €6,538,444 | €6,973,437 | +€434,993 | +6.7% |
| Cash at bank and in hand | 54/58 | €108,958 | €140,435 | +€31,477 | +28.9% |
| Deferred charges and accrued income | 490/1 | €6,042 | €2,487 | -€3,555 | -58.8% |
| Total equity and liabilities | 10/49 | €9,565,673 | €9,993,999 | +€428,326 | +4.5% |
| Equity | 10/15 | €8,517,951 | €8,791,362 | +€273,411 | +3.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €93,000 | €93,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,924,951 | €8,198,362 | +€273,411 | +3.5% |
| Amounts payable | 17/49 | €1,047,723 | €1,202,637 | +€154,915 | +14.8% |
| Amounts payable after more than one year | 17 | €480,734 | €241,705 | -€239,028 | -49.7% |
| Financial debts | 170/4 | €480,734 | €241,705 | -€239,028 | -49.7% |
| Amounts payable within one year | 42/48 | €566,989 | €960,358 | +€393,369 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €236,381 | €239,028 | +€2,647 | +1.1% |
| Trade debts | 44 | €135,078 | €116,533 | -€18,545 | -13.7% |
| Suppliers | 440/4 | €135,078 | €116,533 | -€18,545 | -13.7% |
| Taxes, remuneration and social security | 45 | €35,529 | €104,796 | +€69,267 | +195% |
| Taxes | 450/3 | €32,439 | €101,751 | +€69,312 | +214% |
| Remuneration and social security | 454/9 | €3,090 | €3,045 | -€45 | -1.5% |
| Other amounts payable | 47/48 | €160,000 | €500,000 | +€340,000 | +213% |
| Accrued charges and deferred income | 492/3 | - | €574 | +€574 | |
| Non-recurring operating income | 76A | €6,261,124 | - | -€6.3m | |
| Remuneration, social security and pensions | 62 | €83,002 | €27,147 | -€55,855 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,379 | €63,893 | +€3,514 | +5.8% |
| Other operating charges | 640/8 | €24,478 | €5,891 | -€18,586 | -75.9% |
| Non-recurring operating charges | 66A | €2,859 | €119 | -€2,740 | -95.8% |
| Gross operating margin | 9900 | €5,912,802 | €60,995 | -€5.9m | -99.0% |
| Operating profit (loss) | 9901 | €5,742,084 | -€36,055 | -€5.8m | |
| Financial income | 75/76B | €206,740 | €941,894 | +€735,154 | +356% |
| Recurring financial income | 75 | €15,995 | €941,894 | +€925,898 | +5,789% |
| Non-recurring financial income | 76B | €190,744 | - | -€190,744 | |
| Financial charges | 65/66B | €23,578 | €30,800 | +€7,222 | +30.6% |
| Recurring financial charges | 65 | €23,578 | €30,800 | +€7,222 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €5,925,246 | €875,038 | -€5.1m | -85.2% |
| Transfer from deferred taxes | 780 | €88,434 | - | -€88,434 | |
| Income taxes | 67/77 | €1,531,756 | €101,627 | -€1.4m | -93.4% |
| Profit (loss) for the period | 9904 | €4,481,924 | €773,411 | -€3.7m | -82.7% |
| Transfer from tax-exempt reserves | 789 | €265,301 | - | -€265,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,747,225 | €773,411 | -€4.0m | -83.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.