DE HOUTROOS: 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 HOUTROOS
Largest movements
- Stocks and contracts +€39,020
up €39,020 (+36.2%), from €107,907 to €146,927
- Cash -€38,233
down €38,233 (-13.6%), from €281,622 to €243,389
mainly Stocks and contracts (-€39,020) and Receivables within one year (-€19,541)
- Receivables within one year +€19,541
up €19,541 (+119.8%), from €16,306 to €35,847
of which Other amounts receivable: +€10,179
- Tax, wage and social debts +€8,233
up €8,233 (+26.6%), from €30,996 to €39,229
of which Taxes: +€5,512
- Reserves +€5,772
up €5,772 (+1.6%), from €355,061 to €360,833
- Trade debts +€4,738
up €4,738 (+57.9%), from €8,187 to €12,925
- Gross operating margin -€56,853
down €56,853 (-46.1%), from €123,203 to €66,350
- Taxes -€17,416
down €17,416 (-83.5%), from €20,853 to €3,437
- Staff costs +€9,996
up €9,996 (+23.7%), from €42,222 to €52,218
- Other operating charges -€4,807
down €4,807 (-61.9%), from €7,765 to €2,958
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 | €412,844 | €431,586 | +€18,742 | +4.5% |
| Fixed assets | 21/28 | €4,726 | €4,654 | -€73 | -1.5% |
| Tangible fixed assets | 22/27 | €73 | €0 | -€73 | -100.0% |
| Plant, machinery and equipment | 23 | €73 | €0 | -€73 | -100.0% |
| Financial fixed assets | 28 | €4,654 | €4,654 | = | 0.0% |
| Current assets | 29/58 | €408,118 | €426,933 | +€18,815 | +4.6% |
| Stocks and contracts in progress | 3 | €107,907 | €146,927 | +€39,020 | +36.2% |
| Stocks | 30/36 | €107,907 | €146,927 | +€39,020 | +36.2% |
| Amounts receivable within one year | 40/41 | €16,306 | €35,847 | +€19,541 | +119.8% |
| Trade receivables | 40 | €5,603 | €14,966 | +€9,362 | +167.1% |
| Other amounts receivable | 41 | €10,702 | €20,882 | +€10,179 | +95.1% |
| Current investments | 50/53 | €138 | €138 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €281,622 | €243,389 | -€38,233 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,145 | €631 | -€1,514 | -70.6% |
| Total equity and liabilities | 10/49 | €412,844 | €431,586 | +€18,742 | +4.5% |
| Equity | 10/15 | €373,661 | €379,433 | +€5,772 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €355,061 | €360,833 | +€5,772 | +1.6% |
| Distributable reserves | 133 | €355,061 | €360,833 | +€5,772 | +1.6% |
| Amounts payable | 17/49 | €39,183 | €52,154 | +€12,971 | +33.1% |
| Amounts payable within one year | 42/48 | €39,183 | €52,154 | +€12,971 | +33.1% |
| Trade debts | 44 | €8,187 | €12,925 | +€4,738 | +57.9% |
| Suppliers | 440/4 | €8,187 | €12,925 | +€4,738 | +57.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,996 | €39,229 | +€8,233 | +26.6% |
| Taxes | 450/3 | €26,566 | €32,078 | +€5,512 | +20.8% |
| Remuneration and social security | 454/9 | €4,431 | €7,151 | +€2,720 | +61.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,222 | €52,218 | +€9,996 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €73 | -€47 | -39.5% |
| Other operating charges | 640/8 | €7,765 | €2,958 | -€4,807 | -61.9% |
| Gross operating margin | 9900 | €123,203 | €66,350 | -€56,853 | -46.1% |
| Operating profit (loss) | 9901 | €73,097 | €11,102 | -€61,995 | -84.8% |
| Financial income | 75/76B | €426 | €453 | +€27 | +6.3% |
| Recurring financial income | 75 | €426 | €453 | +€27 | +6.3% |
| Financial charges | 65/66B | €1,141 | €2,346 | +€1,205 | +105.6% |
| Recurring financial charges | 65 | €1,141 | €2,346 | +€1,205 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | €72,381 | €9,208 | -€63,173 | -87.3% |
| Income taxes | 67/77 | €20,853 | €3,437 | -€17,416 | -83.5% |
| Profit (loss) for the period | 9904 | €51,528 | €5,772 | -€45,757 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,528 | €5,772 | -€45,757 | -88.8% |
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 11 October 2026 via checked.be.