K. HOLVOET: 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.
K. HOLVOET
Largest movements
- Tangible fixed assets -€36,839
down €36,839 (-4.0%), from €910,718 to €873,879
of which Land and buildings: -€36,340
- Profit (loss) carried forward -€22,838
down €22,838 (-6.1%), from -€372,659 to -€395,497
- Gross operating margin +€17,674
up €17,674 (+18,767%), from €94 to €17,769
- Other operating charges +€1,062
up €1,062 (+39.5%), from €2,685 to €3,746
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 | €911,366 | €874,087 | -€37,279 | -4.1% |
| Fixed assets | 21/28 | €910,718 | €873,879 | -€36,839 | -4.0% |
| Tangible fixed assets | 22/27 | €910,718 | €873,879 | -€36,839 | -4.0% |
| Land and buildings | 22 | €908,406 | €872,066 | -€36,340 | -4.0% |
| Plant, machinery and equipment | 23 | €2,312 | €1,813 | -€499 | -21.6% |
| Current assets | 29/58 | €648 | €208 | -€440 | -67.9% |
| Cash at bank and in hand | 54/58 | €648 | €208 | -€440 | -67.9% |
| Total equity and liabilities | 10/49 | €911,366 | €874,087 | -€37,279 | -4.1% |
| Equity | 10/15 | -€354,059 | -€376,897 | -€22,838 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,659 | -€395,497 | -€22,838 | -6.1% |
| Amounts payable | 17/49 | €1,265,425 | €1,250,984 | -€14,441 | -1.1% |
| Amounts payable within one year | 42/48 | €1,265,425 | €1,250,984 | -€14,441 | -1.1% |
| Trade debts | 44 | €5,916 | €128 | -€5,788 | -97.8% |
| Suppliers | 440/4 | €5,916 | €128 | -€5,788 | -97.8% |
| Other amounts payable | 47/48 | €1,259,508 | €1,250,856 | -€8,653 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,839 | €36,839 | = | 0.0% |
| Other operating charges | 640/8 | €2,685 | €3,746 | +€1,062 | +39.5% |
| Gross operating margin | 9900 | €94 | €17,769 | +€17,674 | +18,767% |
| Operating profit (loss) | 9901 | -€39,430 | -€22,817 | +€16,613 | +42.1% |
| Financial income | 75/76B | €1 | €3 | +€2 | +107% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +107% |
| Financial charges | 65/66B | €40 | €24 | -€16 | -39.6% |
| Recurring financial charges | 65 | €40 | €24 | -€16 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,468 | -€22,838 | +€16,630 | +42.1% |
| Profit (loss) for the period | 9904 | -€39,468 | -€22,838 | +€16,630 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,468 | -€22,838 | +€16,630 | +42.1% |
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 25 October 2026 via checked.be.