DE HOUTWORM: 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 HOUTWORM
Largest movements
- Tangible fixed assets +€9,633
up €9,633 (+59.0%), from €16,322 to €25,955
- Receivables within one year +€5,245
up €5,245 (+87.5%), from €5,995 to €11,240
of which Trade receivables: +€6,072
- Deferred charges and accrued income +€1,202
new in 2025: €1,202
- Profit (loss) carried forward +€37,799
up €37,799 (+19.1%), from -€197,901 to -€160,102
- Other debts -€30,099
down €30,099 (-18.7%), from €161,203 to €131,104
- Trade debts +€6,785
up €6,785 (+20.4%), from €33,296 to €40,081
- Tax, wage and social debts +€1,578
up €1,578 (+54.6%), from €2,888 to €4,466
of which Remuneration and social security: +€2,559
- Gross operating margin +€38,846
up €38,846 (+67.8%), from €57,265 to €96,112
- Depreciation -€27,600
down €27,600 (-84.5%), from €32,645 to €5,045
- Other operating charges -€2,706
down €2,706 (-76.7%), from €3,528 to €822
- Staff costs +€1,931
up €1,931 (+3.9%), from €49,032 to €50,963
- Taxes -€1,071
down €1,071 (-79.2%), from €1,353 to €281
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,317 | €38,397 | +€16,080 | +72.1% |
| Fixed assets | 21/28 | €16,322 | €25,955 | +€9,633 | +59.0% |
| Tangible fixed assets | 22/27 | €16,322 | €25,955 | +€9,633 | +59.0% |
| Furniture and vehicles | 24 | €16,322 | €25,955 | +€9,633 | +59.0% |
| Current assets | 29/58 | €5,995 | €12,442 | +€6,447 | +107.6% |
| Amounts receivable within one year | 40/41 | €5,995 | €11,240 | +€5,245 | +87.5% |
| Trade receivables | 40 | €5,168 | €11,240 | +€6,072 | +117.5% |
| Other amounts receivable | 41 | €827 | €0 | -€827 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €1,202 | +€1,202 | |
| Total equity and liabilities | 10/49 | €22,317 | €38,397 | +€16,080 | +72.1% |
| Equity | 10/15 | -€181,540 | -€143,741 | +€37,799 | +20.8% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €1,488 | €1,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,488 | €1,488 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,488 | €1,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,901 | -€160,102 | +€37,799 | +19.1% |
| Amounts payable | 17/49 | €203,857 | €182,138 | -€21,719 | -10.7% |
| Amounts payable within one year | 42/48 | €203,857 | €182,138 | -€21,719 | -10.7% |
| Financial debts | 43 | €6,470 | €6,487 | +€17 | +0.3% |
| Credit institutions | 430/8 | €6,470 | €6,487 | +€17 | +0.3% |
| Trade debts | 44 | €33,296 | €40,081 | +€6,785 | +20.4% |
| Suppliers | 440/4 | €33,296 | €40,081 | +€6,785 | +20.4% |
| Taxes, remuneration and social security | 45 | €2,888 | €4,466 | +€1,578 | +54.6% |
| Taxes | 450/3 | €2,888 | €1,907 | -€981 | -34.0% |
| Remuneration and social security | 454/9 | - | €2,559 | +€2,559 | |
| Other amounts payable | 47/48 | €161,203 | €131,104 | -€30,099 | -18.7% |
| Non-recurring operating income | 76A | - | €56,885 | +€56,885 | |
| Remuneration, social security and pensions | 62 | €49,032 | €50,963 | +€1,931 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,645 | €5,045 | -€27,600 | -84.5% |
| Other operating charges | 640/8 | €3,528 | €822 | -€2,706 | -76.7% |
| Gross operating margin | 9900 | €57,265 | €96,112 | +€38,846 | +67.8% |
| Operating profit (loss) | 9901 | -€27,939 | €39,281 | +€67,221 | |
| Financial income | 75/76B | €33 | €12 | -€20 | -61.8% |
| Recurring financial income | 75 | €33 | €12 | -€20 | -61.8% |
| Financial charges | 65/66B | €1,261 | €1,213 | -€48 | -3.8% |
| Recurring financial charges | 65 | €1,261 | €1,213 | -€48 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,168 | €38,080 | +€67,248 | |
| Income taxes | 67/77 | €1,353 | €281 | -€1,071 | -79.2% |
| Profit (loss) for the period | 9904 | -€30,520 | €37,799 | +€68,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,520 | €37,799 | +€68,320 |
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.