HOLZKNACKER BELGIUM: 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.
HOLZKNACKER BELGIUM
Largest movements
- Tangible fixed assets -€267,964
down €267,964 (-15.0%), from €1.8m to €1.5m
of which Leasing and similar rights: -€167,285
- Receivables within one year +€44,476
up €44,476 (+9.5%), from €468,163 to €512,640
of which Trade receivables: +€48,708
- Debts after one year -€293,397
down €293,397 (-23.3%), from €1.3m to €965,507
- Short-term financial debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income -€72,141
down €72,141 (-91.7%), from €78,647 to €6,506
- Trade debts +€70,700
up €70,700 (+40.8%), from €173,082 to €243,782
- Other debts -€45,596
down €45,596 (-49.1%), from €92,845 to €47,249
- Staff costs -€53,159
down €53,159 (-97.8%), from €54,337 to €1,178
- Gross operating margin -€48,924
down €48,924 (-12.7%), from €385,737 to €336,813
- Depreciation +€19,815
up €19,815 (+8.0%), from €248,990 to €268,805
- Other operating charges -€11,974
down €11,974 (-98.4%), from €12,164 to €190
- Financial charges +€9,105
up €9,105 (+18.4%), from €49,599 to €58,705
of which Financial charges: +€9,167
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 | €2,406,446 | €2,182,444 | -€224,001 | -9.3% |
| Fixed assets | 21/28 | €1,792,968 | €1,524,163 | -€268,805 | -15.0% |
| Intangible fixed assets | 21 | €1,229 | €387 | -€841 | -68.5% |
| Tangible fixed assets | 22/27 | €1,791,739 | €1,523,775 | -€267,964 | -15.0% |
| Plant, machinery and equipment | 23 | €284,499 | €200,343 | -€84,156 | -29.6% |
| Furniture and vehicles | 24 | €34,460 | €20,944 | -€13,516 | -39.2% |
| Leasing and similar rights | 25 | €1,457,745 | €1,290,460 | -€167,285 | -11.5% |
| Other tangible fixed assets | 26 | €15,035 | €12,028 | -€3,007 | -20.0% |
| Current assets | 29/58 | €613,478 | €658,282 | +€44,804 | +7.3% |
| Stocks and contracts in progress | 3 | €130,000 | €120,000 | -€10,000 | -7.7% |
| Stocks | 30/36 | €130,000 | €120,000 | -€10,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €468,163 | €512,640 | +€44,476 | +9.5% |
| Trade receivables | 40 | €386,075 | €434,783 | +€48,708 | +12.6% |
| Other amounts receivable | 41 | €82,088 | €77,857 | -€4,231 | -5.2% |
| Cash at bank and in hand | 54/58 | €8,789 | €19,373 | +€10,584 | +120% |
| Deferred charges and accrued income | 490/1 | €6,526 | €6,269 | -€257 | -3.9% |
| Total equity and liabilities | 10/49 | €2,406,446 | €2,182,444 | -€224,001 | -9.3% |
| Equity | 10/15 | €469,350 | €477,071 | +€7,720 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,588 | €354,880 | +€23,292 | +7.0% |
| Distributable reserves | 133 | €331,588 | €354,880 | +€23,292 | +7.0% |
| Investment grants | 15 | €119,162 | €103,591 | -€15,571 | -13.1% |
| Amounts payable | 17/49 | €1,937,096 | €1,705,374 | -€231,722 | -12.0% |
| Amounts payable after more than one year | 17 | €1,258,904 | €965,507 | -€293,397 | -23.3% |
| Financial debts | 170/4 | €1,258,904 | €965,507 | -€293,397 | -23.3% |
| Amounts payable within one year | 42/48 | €599,544 | €733,360 | +€133,816 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €283,893 | €293,397 | +€9,504 | +3.3% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €173,082 | €243,782 | +€70,700 | +40.8% |
| Suppliers | 440/4 | €173,082 | €243,782 | +€70,700 | +40.8% |
| Taxes, remuneration and social security | 45 | €49,724 | €48,932 | -€792 | -1.6% |
| Taxes | 450/3 | €45,329 | €48,932 | +€3,602 | +7.9% |
| Remuneration and social security | 454/9 | €4,395 | - | -€4,395 | |
| Other amounts payable | 47/48 | €92,845 | €47,249 | -€45,596 | -49.1% |
| Accrued charges and deferred income | 492/3 | €78,647 | €6,506 | -€72,141 | -91.7% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €54,337 | €1,178 | -€53,159 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,990 | €268,805 | +€19,815 | +8.0% |
| Other operating charges | 640/8 | €12,164 | €190 | -€11,974 | -98.4% |
| Gross operating margin | 9900 | €385,737 | €336,813 | -€48,924 | -12.7% |
| Operating profit (loss) | 9901 | €70,247 | €66,640 | -€3,607 | -5.1% |
| Financial income | 75/76B | €21,110 | €15,533 | -€5,577 | -26.4% |
| Recurring financial income | 75 | €21,110 | €15,533 | -€5,577 | -26.4% |
| Financial charges | 65/66B | €49,599 | €58,705 | +€9,105 | +18.4% |
| Recurring financial charges | 65 | €45,403 | €54,571 | +€9,167 | +20.2% |
| Non-recurring financial charges | 66B | €4,196 | €4,134 | -€62 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €41,757 | €23,468 | -€18,289 | -43.8% |
| Income taxes | 67/77 | €74 | €176 | +€102 | +138% |
| Profit (loss) for the period | 9904 | €41,683 | €23,292 | -€18,391 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,683 | €23,292 | -€18,391 | -44.1% |
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 26 October 2026 via checked.be.