Patrick Holemans: 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.
Patrick Holemans
Largest movements
- Cash +€20,119
up €20,119 (+47.3%), from €42,554 to €62,673
mainly Net result for the year (+€159,397) and Stocks and contracts (+€7,500)
- Stocks and contracts -€7,500
down €7,500 (-60.0%), from €12,500 to €5,000
- Profit (loss) carried forward +€159,397
up €159,397 (+11.7%), from -€1.4m to -€1.2m
- Debts after one year -€140,000
down €140,000 (-10.1%), from €1.4m to €1.2m
- Tax, wage and social debts -€6,778
down €6,778 (-41.4%), from €16,377 to €9,599
- Gross operating margin +€79,079
up €79,079 (+95.6%), from €82,750 to €161,829
- Financial charges -€19,616
down €19,616 (-91.1%), from €21,529 to €1,913
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 | €55,054 | €67,673 | +€12,619 | +22.9% |
| Current assets | 29/58 | €55,054 | €67,673 | +€12,619 | +22.9% |
| Stocks and contracts in progress | 3 | €12,500 | €5,000 | -€7,500 | -60.0% |
| Stocks | 30/36 | €12,500 | €5,000 | -€7,500 | -60.0% |
| Cash at bank and in hand | 54/58 | €42,554 | €62,673 | +€20,119 | +47.3% |
| Total equity and liabilities | 10/49 | €55,054 | €67,673 | +€12,619 | +22.9% |
| Equity | 10/15 | -€1,341,323 | -€1,181,926 | +€159,397 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,359,923 | -€1,200,526 | +€159,397 | +11.7% |
| Amounts payable | 17/49 | €1,396,377 | €1,249,599 | -€146,778 | -10.5% |
| Amounts payable after more than one year | 17 | €1,380,000 | €1,240,000 | -€140,000 | -10.1% |
| Financial debts | 170/4 | €1,380,000 | €1,240,000 | -€140,000 | -10.1% |
| Amounts payable within one year | 42/48 | €16,377 | €9,599 | -€6,778 | -41.4% |
| Taxes, remuneration and social security | 45 | €16,377 | €9,599 | -€6,778 | -41.4% |
| Taxes | 450/3 | €16,377 | €9,599 | -€6,778 | -41.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €82,750 | €161,829 | +€79,079 | +95.6% |
| Operating profit (loss) | 9901 | €82,245 | €161,310 | +€79,064 | +96.1% |
| Financial charges | 65/66B | €21,529 | €1,913 | -€19,616 | -91.1% |
| Recurring financial charges | 65 | €21,529 | €1,913 | -€19,616 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €60,716 | €159,397 | +€98,680 | +162.5% |
| Profit (loss) for the period | 9904 | €60,716 | €159,397 | +€98,680 | +162.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,716 | €159,397 | +€98,680 | +162.5% |
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.