MAIN HOLDING: what changed
Two fiscal 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.
MAIN HOLDING
Largest movements
- Cash +€15,353
up €15,353 (+592.3%), from €2,592 to €17,945
mainly Depreciation (+€7,274) and Net result for the year (+€5,572)
- Tangible fixed assets -€7,274
down €7,274 (-2.8%), from €259,715 to €252,441
of which Land and buildings: -€7,068
- Profit (loss) carried forward +€5,572
up €5,572 (+0.2%), from -€2.8m to -€2.7m
- Gross operating margin +€9,973
up €9,973 (+128.8%), from €7,742 to €17,715
- Depreciation -€6,999
down €6,999 (-49.0%), from €14,272 to €7,274
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.
Cash bridge derived
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 | €262,307 | €270,387 | +€8,080 | +3.1% |
| Fixed assets | 21/28 | €259,715 | €252,441 | -€7,274 | -2.8% |
| Tangible fixed assets | 22/27 | €259,715 | €252,441 | -€7,274 | -2.8% |
| Land and buildings | 22 | €258,028 | €250,960 | -€7,068 | -2.7% |
| Plant, machinery and equipment | 23 | €1,687 | €1,481 | -€206 | -12.2% |
| Current assets | 29/58 | €2,592 | €17,945 | +€15,353 | +592.3% |
| Cash at bank and in hand | 54/58 | €2,592 | €17,945 | +€15,353 | +592.3% |
| Total equity and liabilities | 10/49 | €262,307 | €270,387 | +€8,080 | +3.1% |
| Equity | 10/15 | €140,567 | €146,139 | +€5,572 | +4.0% |
| Contributions | 10/11 | €2,884,481 | €2,884,481 | = | 0.0% |
| Capital | 10 | €2,884,481 | €2,884,481 | = | 0.0% |
| Issued capital | 100 | €2,884,481 | €2,884,481 | = | 0.0% |
| Reserves | 13 | €9,296 | €9,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,753,210 | -€2,747,638 | +€5,572 | +0.2% |
| Amounts payable | 17/49 | €121,740 | €124,248 | +€2,508 | +2.1% |
| Amounts payable after more than one year | 17 | €120,778 | €120,778 | = | 0.0% |
| Other amounts payable | 178/9 | €120,778 | €120,778 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44 | €2,552 | +€2,508 | +5731.7% |
| Trade debts | 44 | €44 | €52 | +€8 | +18.7% |
| Suppliers | 440/4 | €44 | €52 | +€8 | +18.7% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Accrued charges and deferred income | 492/3 | €917 | €917 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,272 | €7,274 | -€6,999 | -49.0% |
| Other operating charges | 640/8 | €4,938 | €4,816 | -€122 | -2.5% |
| Gross operating margin | 9900 | €7,742 | €17,715 | +€9,973 | +128.8% |
| Operating profit (loss) | 9901 | -€11,468 | €5,626 | +€17,094 | |
| Financial charges | 65/66B | €177 | €54 | -€123 | -69.5% |
| Recurring financial charges | 65 | €177 | €54 | -€123 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,646 | €5,572 | +€17,217 | |
| Profit (loss) for the period | 9904 | -€11,646 | €5,572 | +€17,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,646 | €5,572 | +€17,217 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.