DE HOUWER: what changed
What changed
DE HOUWER
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€40,297
2024 · €34,404+€5,894
Equity
€171,382
2024 · €131,084+€40,297
Cash
€49,234
2024 · €36,119+€13,115
Balance sheet total
€596,269
2024 · €594,600+€1,668
Largest movements
Assets
- Stocks and contracts -€41,839
down €41,839 (-33.1%), from €126,405 to €84,567
of which Contracts in progress: -€64,499
- Receivables within one year +€26,217
up €26,217 (+65.8%), from €39,834 to €66,051
of which Trade receivables: +€32,575
- Cash +€13,115
up €13,115 (+36.3%), from €36,119 to €49,234
mainly Depreciation (+€51,269) and Stocks and contracts (+€41,839)
Equity and liabilities
- Debts after one year -€40,620
down €40,620 (-13.5%), from €300,878 to €260,258
- Reserves +€40,297
up €40,297 (+35.8%), from €112,484 to €152,782
- Trade debts +€6,408
up €6,408 (+13.7%), from €46,922 to €53,329
Income statement
- Gross operating margin +€46,252
up €46,252 (+12.5%), from €369,090 to €415,342
- Write-downs +€19,876
up €19,876 (+3,756%), from €529 to €20,405
- Staff costs +€11,592
up €11,592 (+4.4%), from €261,922 to €273,514
- Depreciation +€7,033
up €7,033 (+15.9%), from €44,236 to €51,269
- Financial income -€5,398
down €5,398 (-58.8%), from €9,179 to €3,781
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,404
Gross operating margin
+€46,252
Staff costs
-€11,592
Depreciation
-€7,033
Write-downs
-€19,876
Other operating charges
+€11
Financial income
-€5,398
Financial charges
+€3,476
Taxes
+€54
Result 2025
€40,297
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€108,300
Investment
-€55,665
Financing
-€39,520
Cash 2024
€36,119
From operations (derived)
+€108,300
Net result for the year
+€40,297
Depreciation
+€51,269
Stocks and contracts
+€41,839
Receivables within one year
-€26,217
Deferred charges and accrued income
+€221
Trade debts
+€6,408
Tax, wage and social debts
-€668
Other debts
-€4,849
Investment (derived)
-€55,665
Investment in fixed assets (net)
-€55,665
Financing
-€39,520
Debts after one year
-€40,620
Current portion of long-term debt
+€1,101
Cash 2025
€49,234
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €594,600 | €596,269 | +€1,668 | +0.3% |
| Fixed assets | 21/28 | €391,702 | €396,098 | +€4,396 | +1.1% |
| Tangible fixed assets | 22/27 | €391,282 | €395,678 | +€4,396 | +1.1% |
| Land and buildings | 22 | €273,046 | €317,630 | +€44,584 | +16.3% |
| Plant, machinery and equipment | 23 | €7,565 | €5,450 | -€2,115 | -28.0% |
| Furniture and vehicles | 24 | €110,670 | €72,597 | -€38,073 | -34.4% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €202,899 | €200,171 | -€2,728 | -1.3% |
| Stocks and contracts in progress | 3 | €126,405 | €84,567 | -€41,839 | -33.1% |
| Stocks | 30/36 | €61,907 | €84,567 | +€22,660 | +36.6% |
| Contracts in progress | 37 | €64,499 | - | -€64,499 | |
| Amounts receivable within one year | 40/41 | €39,834 | €66,051 | +€26,217 | +65.8% |
| Trade receivables | 40 | €29,204 | €61,780 | +€32,575 | +112% |
| Other amounts receivable | 41 | €10,630 | €4,271 | -€6,358 | -59.8% |
| Cash at bank and in hand | 54/58 | €36,119 | €49,234 | +€13,115 | +36.3% |
| Deferred charges and accrued income | 490/1 | €540 | €319 | -€221 | -40.9% |
| Total equity and liabilities | 10/49 | €594,600 | €596,269 | +€1,668 | +0.3% |
| Equity | 10/15 | €131,084 | €171,382 | +€40,297 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,484 | €152,782 | +€40,297 | +35.8% |
| Distributable reserves | 133 | €112,484 | €152,782 | +€40,297 | +35.8% |
| Amounts payable | 17/49 | €463,516 | €424,887 | -€38,629 | -8.3% |
| Amounts payable after more than one year | 17 | €300,878 | €260,258 | -€40,620 | -13.5% |
| Financial debts | 170/4 | €300,878 | €260,258 | -€40,620 | -13.5% |
| Amounts payable within one year | 42/48 | €162,639 | €164,630 | +€1,991 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €39,520 | €40,620 | +€1,101 | +2.8% |
| Financial debts | 43 | €1,667 | €1,667 | = | 0.0% |
| Credit institutions | 430/8 | €1,667 | €1,667 | = | 0.0% |
| Trade debts | 44 | €46,922 | €53,329 | +€6,408 | +13.7% |
| Suppliers | 440/4 | €46,922 | €53,329 | +€6,408 | +13.7% |
| Taxes, remuneration and social security | 45 | €33,939 | €33,271 | -€668 | -2.0% |
| Taxes | 450/3 | €25,606 | €22,191 | -€3,415 | -13.3% |
| Remuneration and social security | 454/9 | €8,333 | €11,080 | +€2,747 | +33.0% |
| Other amounts payable | 47/48 | €40,591 | €35,743 | -€4,849 | -11.9% |
| Remuneration, social security and pensions | 62 | €261,922 | €273,514 | +€11,592 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,236 | €51,269 | +€7,033 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €529 | €20,405 | +€19,876 | +3,756% |
| Other operating charges | 640/8 | €2,376 | €2,365 | -€11 | -0.5% |
| Gross operating margin | 9900 | €369,090 | €415,342 | +€46,252 | +12.5% |
| Operating profit (loss) | 9901 | €60,027 | €67,789 | +€7,762 | +12.9% |
| Financial income | 75/76B | €9,179 | €3,781 | -€5,398 | -58.8% |
| Recurring financial income | 75 | €9,179 | €3,781 | -€5,398 | -58.8% |
| Financial charges | 65/66B | €19,689 | €16,213 | -€3,476 | -17.7% |
| Recurring financial charges | 65 | €9,736 | €14,708 | +€4,971 | +51.1% |
| Non-recurring financial charges | 66B | €9,952 | €1,506 | -€8,447 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €49,517 | €55,356 | +€5,840 | +11.8% |
| Income taxes | 67/77 | €15,113 | €15,059 | -€54 | -0.4% |
| Profit (loss) for the period | 9904 | €34,404 | €40,297 | +€5,894 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,404 | €40,297 | +€5,894 | +17.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.