VAN HOLDERBEKE MATHIAS: 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.
VAN HOLDERBEKE MATHIAS
Largest movements
- Tangible fixed assets -€69,269
down €69,269 (-78.5%), from €88,249 to €18,981
of which Furniture and vehicles: -€35,663
- Receivables within one year -€39,704
down €39,704 (-57.9%), from €68,594 to €28,890
of which Trade receivables: -€41,294
- Cash +€38,161
up €38,161 (+91.4%), from €41,738 to €79,899
mainly Net result for the year (+€49,913) and Investment in fixed assets (net) (+€44,405)
- Financial fixed assets +€21,000
new in 2025: €21,000
- Stocks and contracts -€7,512
down €7,512 (-100%), from €7,512 to €0
- Debts after one year -€43,079
down €43,079 (-86.4%), from €49,864 to €6,785
- Reserves +€36,772
up €36,772 (+46.8%), from €78,523 to €115,295
- Trade debts -€20,643
down €20,643 (-82.2%), from €25,125 to €4,482
- Current portion of long-term debt -€19,613
down €19,613 (-87.1%), from €22,521 to €2,908
- Tax, wage and social debts -€7,633
down €7,633 (-32.8%), from €23,289 to €15,656
of which Taxes: -€7,715
- Gross operating margin +€23,863
up €23,863 (+34.1%), from €69,903 to €93,766
- Depreciation -€22,965
down €22,965 (-85.6%), from €26,828 to €3,863
- Taxes +€9,708
up €9,708 (+131%), from €7,424 to €17,132
- Other operating charges +€8,227
up €8,227 (+192%), from €4,296 to €12,523
- Staff costs -€7,440
down €7,440 (-100%), from €7,440 to €0
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 | €206,193 | €150,111 | -€56,082 | -27.2% |
| Fixed assets | 21/28 | €88,249 | €39,981 | -€48,269 | -54.7% |
| Tangible fixed assets | 22/27 | €88,249 | €18,981 | -€69,269 | -78.5% |
| Plant, machinery and equipment | 23 | €4,496 | €0 | -€4,496 | -100% |
| Furniture and vehicles | 24 | €42,916 | €7,253 | -€35,663 | -83.1% |
| Leasing and similar rights | 25 | €37,305 | €11,728 | -€25,577 | -68.6% |
| Other tangible fixed assets | 26 | €3,533 | €0 | -€3,533 | -100% |
| Financial fixed assets | 28 | - | €21,000 | +€21,000 | |
| Current assets | 29/58 | €117,943 | €110,130 | -€7,813 | -6.6% |
| Stocks and contracts in progress | 3 | €7,512 | €0 | -€7,512 | -100% |
| Stocks | 30/36 | €7,512 | €0 | -€7,512 | -100% |
| Amounts receivable within one year | 40/41 | €68,594 | €28,890 | -€39,704 | -57.9% |
| Trade receivables | 40 | €62,905 | €21,611 | -€41,294 | -65.6% |
| Other amounts receivable | 41 | €5,690 | €7,279 | +€1,590 | +27.9% |
| Cash at bank and in hand | 54/58 | €41,738 | €79,899 | +€38,161 | +91.4% |
| Deferred charges and accrued income | 490/1 | €99 | €1,341 | +€1,242 | +1,255% |
| Total equity and liabilities | 10/49 | €206,193 | €150,111 | -€56,082 | -27.2% |
| Equity | 10/15 | €80,523 | €117,295 | +€36,772 | +45.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,523 | €115,295 | +€36,772 | +46.8% |
| Distributable reserves | 133 | €78,523 | €115,295 | +€36,772 | +46.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,670 | €32,816 | -€92,854 | -73.9% |
| Amounts payable after more than one year | 17 | €49,864 | €6,785 | -€43,079 | -86.4% |
| Financial debts | 170/4 | €49,864 | €6,785 | -€43,079 | -86.4% |
| Amounts payable within one year | 42/48 | €75,806 | €26,031 | -€49,775 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €22,521 | €2,908 | -€19,613 | -87.1% |
| Trade debts | 44 | €25,125 | €4,482 | -€20,643 | -82.2% |
| Suppliers | 440/4 | €25,125 | €4,482 | -€20,643 | -82.2% |
| Taxes, remuneration and social security | 45 | €23,289 | €15,656 | -€7,633 | -32.8% |
| Taxes | 450/3 | €20,749 | €13,034 | -€7,715 | -37.2% |
| Remuneration and social security | 454/9 | €2,540 | €2,621 | +€81 | +3.2% |
| Other amounts payable | 47/48 | €4,872 | €2,985 | -€1,886 | -38.7% |
| Remuneration, social security and pensions | 62 | €7,440 | €0 | -€7,440 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,828 | €3,863 | -€22,965 | -85.6% |
| Other operating charges | 640/8 | €4,296 | €12,523 | +€8,227 | +192% |
| Gross operating margin | 9900 | €69,903 | €93,766 | +€23,863 | +34.1% |
| Operating profit (loss) | 9901 | €31,339 | €77,380 | +€46,041 | +147% |
| Financial income | 75/76B | €183 | €305 | +€122 | +66.5% |
| Recurring financial income | 75 | €183 | €305 | +€122 | +66.5% |
| Financial charges | 65/66B | €6,156 | €10,640 | +€4,483 | +72.8% |
| Recurring financial charges | 65 | €6,156 | €10,640 | +€4,483 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €25,366 | €67,046 | +€41,680 | +164% |
| Income taxes | 67/77 | €7,424 | €17,132 | +€9,708 | +131% |
| Profit (loss) for the period | 9904 | €17,942 | €49,913 | +€31,972 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €17,942 | €49,913 | +€31,972 | +178% |
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.