Bart Houtconstruct: 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.
Bart Houtconstruct
Largest movements
- Tangible fixed assets +€34,369
up €34,369 (+1,876%), from €1,832 to €36,201
of which Furniture and vehicles: +€34,165
- Cash +€14,420
up €14,420 (+22.4%), from €64,511 to €78,931
mainly Debts after one year (+€27,763) and Net result for the year (+€15,670)
- Receivables within one year -€2,587
down €2,587 (-9.3%), from €27,860 to €25,273
of which Trade receivables: -€3,025
- Deferred charges and accrued income +€1,713
up €1,713 (+99.8%), from €1,716 to €3,430
- Debts after one year +€27,763
new in 2025: €27,763
- Reserves +€15,070
up €15,070 (+26.6%), from €56,606 to €71,677
of which Distributable reserves: +€17,070
- Current portion of long-term debt +€7,313
new in 2025: €7,313
- Trade debts -€2,413
down €2,413 (-65.6%), from €3,677 to €1,264
- Other debts +€2,384
up €2,384 (+23.2%), from €10,265 to €12,650
- Gross operating margin -€12,693
down €12,693 (-30.6%), from €41,458 to €28,765
- Depreciation +€4,340
up €4,340 (+497%), from €873 to €5,213
- Taxes +€3,488
up €3,488 (+177%), from €1,970 to €5,458
- Financial charges +€922
up €922 (+118%), from €782 to €1,703
- Other operating charges -€650
down €650 (-47.5%), from €1,370 to €720
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 | €95,919 | €143,835 | +€47,915 | +50.0% |
| Fixed assets | 21/28 | €1,832 | €36,201 | +€34,369 | +1,876% |
| Tangible fixed assets | 22/27 | €1,832 | €36,201 | +€34,369 | +1,876% |
| Plant, machinery and equipment | 23 | €1,439 | €1,644 | +€204 | +14.2% |
| Furniture and vehicles | 24 | €392 | €34,557 | +€34,165 | +8,706% |
| Current assets | 29/58 | €94,087 | €107,634 | +€13,546 | +14.4% |
| Amounts receivable within one year | 40/41 | €27,860 | €25,273 | -€2,587 | -9.3% |
| Trade receivables | 40 | €27,860 | €24,836 | -€3,025 | -10.9% |
| Other amounts receivable | 41 | - | €437 | +€437 | |
| Cash at bank and in hand | 54/58 | €64,511 | €78,931 | +€14,420 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,716 | €3,430 | +€1,713 | +99.8% |
| Total equity and liabilities | 10/49 | €95,919 | €143,835 | +€47,915 | +50.0% |
| Equity | 10/15 | €76,606 | €91,677 | +€15,070 | +19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €56,606 | €71,677 | +€15,070 | +26.6% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €54,606 | €71,677 | +€17,070 | +31.3% |
| Amounts payable | 17/49 | €19,313 | €52,158 | +€32,845 | +170% |
| Amounts payable after more than one year | 17 | - | €27,763 | +€27,763 | |
| Financial debts | 170/4 | - | €27,763 | +€27,763 | |
| Amounts payable within one year | 42/48 | €19,313 | €24,395 | +€5,082 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,313 | +€7,313 | |
| Trade debts | 44 | €3,677 | €1,264 | -€2,413 | -65.6% |
| Suppliers | 440/4 | €3,677 | €1,264 | -€2,413 | -65.6% |
| Taxes, remuneration and social security | 45 | €5,371 | €3,168 | -€2,203 | -41.0% |
| Taxes | 450/3 | €5,371 | €3,168 | -€2,203 | -41.0% |
| Other amounts payable | 47/48 | €10,265 | €12,650 | +€2,384 | +23.2% |
| Non-recurring operating income | 76A | €9,091 | - | -€9,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €5,213 | +€4,340 | +497% |
| Other operating charges | 640/8 | €1,370 | €720 | -€650 | -47.5% |
| Gross operating margin | 9900 | €41,458 | €28,765 | -€12,693 | -30.6% |
| Operating profit (loss) | 9901 | €39,215 | €22,832 | -€16,383 | -41.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €782 | €1,703 | +€922 | +118% |
| Recurring financial charges | 65 | €782 | €1,703 | +€922 | +118% |
| Profit (loss) for the period before taxes | 9903 | €38,434 | €21,129 | -€17,305 | -45.0% |
| Income taxes | 67/77 | €1,970 | €5,458 | +€3,488 | +177% |
| Profit (loss) for the period | 9904 | €36,464 | €15,670 | -€20,793 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,464 | €15,670 | -€20,793 | -57.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.