HOLZBAU Andreas MÜLLER: what changed
HOLZBAU Andreas MÜLLER
Largest movements
- Deferred charges and accrued income -€79,384
down €79,384 (-94.0%), from €84,474 to €5,090
- Tangible fixed assets -€74,601
down €74,601 (-13.7%), from €546,282 to €471,681
of which Plant, machinery and equipment: -€59,732
- Financial fixed assets +€61,000
up €61,000 (+225%), from €27,066 to €88,066
- Receivables within one year -€31,177
down €31,177 (-13.9%), from €224,484 to €193,307
of which Trade receivables: -€22,023
- Cash -€26,927
down €26,927 (-26.1%), from €103,091 to €76,164
mainly Trade debts (-€112,233) and Investment in fixed assets (net) (-€103,294)
- Trade debts -€112,233
down €112,233 (-49.6%), from €226,261 to €114,028
- Debts after one year -€48,390
down €48,390 (-12.1%), from €400,604 to €352,213
of which Financial debts: -€65,378
- Investment grants +€16,200
up €16,200 (+71.2%), from €22,767 to €38,966
- Gross operating margin -€90,407
down €90,407 (-38.4%), from €235,610 to €145,203
- Staff costs -€39,511
down €39,511 (-57.9%), from €68,276 to €28,765
- Financial income +€29,121
up €29,121 (+728%), from €4,000 to €33,121
- Other operating charges -€18,084
down €18,084 (-77.9%), from €23,216 to €5,133
- Depreciation +€9,477
up €9,477 (+8.8%), from €107,418 to €116,895
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €989,146 | €838,896 | -€150,250 | -15.2% |
| Fixed assets | 21/28 | €573,348 | €559,747 | -€13,601 | -2.4% |
| Tangible fixed assets | 22/27 | €546,282 | €471,681 | -€74,601 | -13.7% |
| Land and buildings | 22 | €113,154 | €108,486 | -€4,667 | -4.1% |
| Plant, machinery and equipment | 23 | €397,626 | €337,894 | -€59,732 | -15.0% |
| Furniture and vehicles | 24 | €35,502 | €25,300 | -€10,202 | -28.7% |
| Financial fixed assets | 28 | €27,066 | €88,066 | +€61,000 | +225% |
| Current assets | 29/58 | €415,798 | €279,148 | -€136,649 | -32.9% |
| Stocks and contracts in progress | 3 | €3,749 | €4,587 | +€837 | +22.3% |
| Stocks | 30/36 | €3,749 | €4,587 | +€837 | +22.3% |
| Amounts receivable within one year | 40/41 | €224,484 | €193,307 | -€31,177 | -13.9% |
| Trade receivables | 40 | €195,236 | €173,213 | -€22,023 | -11.3% |
| Other amounts receivable | 41 | €29,248 | €20,094 | -€9,154 | -31.3% |
| Cash at bank and in hand | 54/58 | €103,091 | €76,164 | -€26,927 | -26.1% |
| Deferred charges and accrued income | 490/1 | €84,474 | €5,090 | -€79,384 | -94.0% |
| Total equity and liabilities | 10/49 | €989,146 | €838,896 | -€150,250 | -15.2% |
| Equity | 10/15 | €262,637 | €285,805 | +€23,168 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,410 | €226,378 | +€6,968 | +3.2% |
| Investment grants | 15 | €22,767 | €38,966 | +€16,200 | +71.2% |
| Amounts payable | 17/49 | €726,509 | €553,091 | -€173,418 | -23.9% |
| Amounts payable after more than one year | 17 | €400,604 | €352,213 | -€48,390 | -12.1% |
| Financial debts | 170/4 | €274,956 | €209,578 | -€65,378 | -23.8% |
| Other amounts payable | 178/9 | €125,648 | €142,636 | +€16,988 | +13.5% |
| Amounts payable within one year | 42/48 | €316,105 | €191,155 | -€124,950 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €66,431 | €66,431 | = | 0.0% |
| Trade debts | 44 | €226,261 | €114,028 | -€112,233 | -49.6% |
| Suppliers | 440/4 | €226,261 | €114,028 | -€112,233 | -49.6% |
| Advances received on contracts in progress | 46 | €7,879 | - | -€7,879 | |
| Taxes, remuneration and social security | 45 | €14,675 | €9,863 | -€4,812 | -32.8% |
| Taxes | 450/3 | €196 | - | -€196 | |
| Remuneration and social security | 454/9 | €14,480 | €9,863 | -€4,617 | -31.9% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €9,800 | €9,722 | -€77 | -0.8% |
| Remuneration, social security and pensions | 62 | €68,276 | €28,765 | -€39,511 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,418 | €116,895 | +€9,477 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €435 | - | -€435 | |
| Other operating charges | 640/8 | €23,216 | €5,133 | -€18,084 | -77.9% |
| Gross operating margin | 9900 | €235,610 | €145,203 | -€90,407 | -38.4% |
| Operating profit (loss) | 9901 | €36,265 | -€5,589 | -€41,854 | |
| Financial income | 75/76B | €4,000 | €33,121 | +€29,121 | +728% |
| Recurring financial income | 75 | €4,000 | €33,121 | +€29,121 | +728% |
| Financial charges | 65/66B | €16,700 | €19,731 | +€3,031 | +18.2% |
| Recurring financial charges | 65 | €16,700 | €19,731 | +€3,031 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €23,565 | €7,801 | -€15,764 | -66.9% |
| Income taxes | 67/77 | €4,372 | - | -€4,372 | |
| Profit (loss) for the period | 9904 | €19,193 | €7,801 | -€11,392 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,193 | €7,801 | -€11,392 | -59.4% |
Next steps
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 4 November 2026 via checked.be.