DE HOUTMEERSCHEN: 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.
DE HOUTMEERSCHEN
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€229,841
up €229,841 (+2,114%), from €10,872 to €240,713
mainly Current investments (+€250,000) and Trade debts (+€129,384)
- Receivables within one year +€119,810
up €119,810 (+201%), from €59,612 to €179,422
of which Trade receivables: +€120,511
- Stocks and contracts +€24,396
up €24,396 (+60.2%), from €40,555 to €64,951
- Trade debts +€129,384
up €129,384 (+517%), from €25,009 to €154,392
- Profit (loss) carried forward +€26,032
up €26,032 (+584%), from €4,460 to €30,492
- Gross operating margin +€22,299
up €22,299 (+40.7%), from €54,724 to €77,022
- Financial income -€5,715
down €5,715 (-32.6%), from €17,525 to €11,810
- Write-downs +€2,003
new in 2025: €2,003
- Financial charges -€1,665
down €1,665 (-22.0%), from €7,575 to €5,911
- Depreciation +€1,489
up €1,489 (+3.0%), from €49,235 to €50,724
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 | €1,016,423 | €1,153,734 | +€137,311 | +13.5% |
| Fixed assets | 21/28 | €646,836 | €657,300 | +€10,464 | +1.6% |
| Intangible fixed assets | 21 | - | €7,217 | +€7,217 | |
| Tangible fixed assets | 22/27 | €646,836 | €650,084 | +€3,247 | +0.5% |
| Land and buildings | 22 | €599,132 | €561,070 | -€38,062 | -6.4% |
| Plant, machinery and equipment | 23 | €13,180 | €15,350 | +€2,170 | +16.5% |
| Furniture and vehicles | 24 | €12,064 | €57,477 | +€45,413 | +376% |
| Other tangible fixed assets | 26 | €22,460 | €16,187 | -€6,274 | -27.9% |
| Current assets | 29/58 | €369,586 | €496,434 | +€126,847 | +34.3% |
| Stocks and contracts in progress | 3 | €40,555 | €64,951 | +€24,396 | +60.2% |
| Stocks | 30/36 | €40,555 | €64,951 | +€24,396 | +60.2% |
| Amounts receivable within one year | 40/41 | €59,612 | €179,422 | +€119,810 | +201% |
| Trade receivables | 40 | €48,298 | €168,810 | +€120,511 | +250% |
| Other amounts receivable | 41 | €11,314 | €10,613 | -€701 | -6.2% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €10,872 | €240,713 | +€229,841 | +2,114% |
| Deferred charges and accrued income | 490/1 | €8,546 | €11,347 | +€2,801 | +32.8% |
| Total equity and liabilities | 10/49 | €1,016,423 | €1,153,734 | +€137,311 | +13.5% |
| Equity | 10/15 | €770,528 | €787,185 | +€16,657 | +2.2% |
| Contributions | 10/11 | €114,510 | €114,510 | = | 0.0% |
| Reserves | 13 | €497,628 | €497,628 | = | 0.0% |
| Distributable reserves | 133 | €497,628 | €497,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,460 | €30,492 | +€26,032 | +584% |
| Investment grants | 15 | €153,930 | €144,555 | -€9,375 | -6.1% |
| Provisions and deferred taxes | 16 | €51,310 | €48,185 | -€3,125 | -6.1% |
| Deferred taxes | 168 | €51,310 | €48,185 | -€3,125 | -6.1% |
| Amounts payable | 17/49 | €194,585 | €318,364 | +€123,779 | +63.6% |
| Amounts payable within one year | 42/48 | €194,364 | €318,348 | +€123,984 | +63.8% |
| Trade debts | 44 | €25,009 | €154,392 | +€129,384 | +517% |
| Suppliers | 440/4 | €25,009 | €154,392 | +€129,384 | +517% |
| Taxes, remuneration and social security | 45 | €3,591 | €1,286 | -€2,305 | -64.2% |
| Taxes | 450/3 | €3,591 | €1,286 | -€2,305 | -64.2% |
| Other amounts payable | 47/48 | €165,765 | €162,669 | -€3,095 | -1.9% |
| Accrued charges and deferred income | 492/3 | €221 | €16 | -€204 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,235 | €50,724 | +€1,489 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,003 | +€2,003 | |
| Other operating charges | 640/8 | €2,783 | €2,788 | +€5 | +0.2% |
| Non-recurring operating charges | 66A | - | €4,500 | +€4,500 | |
| Gross operating margin | 9900 | €54,724 | €77,022 | +€22,299 | +40.7% |
| Operating profit (loss) | 9901 | €2,706 | €17,008 | +€14,301 | +528% |
| Financial income | 75/76B | €17,525 | €11,810 | -€5,715 | -32.6% |
| Recurring financial income | 75 | €17,525 | €11,810 | -€5,715 | -32.6% |
| Financial charges | 65/66B | €7,575 | €5,911 | -€1,665 | -22.0% |
| Recurring financial charges | 65 | €7,575 | €5,911 | -€1,665 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €12,656 | €22,907 | +€10,251 | +81.0% |
| Transfer from deferred taxes | 780 | €3,125 | €3,125 | = | 0.0% |
| Profit (loss) for the period | 9904 | €15,781 | €26,032 | +€10,251 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,781 | €26,032 | +€10,251 | +65.0% |
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 28 October 2026 via checked.be.