F.HOUREZ MANAGEMENT: 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.
F.HOUREZ MANAGEMENT
Largest movements
- Deferred charges and accrued income -€5,645
down €5,645 (-76.6%), from €7,373 to €1,728
- Tangible fixed assets -€2,500
down €2,500 (-2.6%), from €94,986 to €92,486
- Debts after one year -€10,988
down €10,988 (-24.1%), from €45,605 to €34,618
- Tax, wage and social debts +€3,858
up €3,858 (+186%), from €2,071 to €5,928
- Short-term financial debts -€1,888
down €1,888 (-2.1%), from €92,100 to €90,211
of which Credit institutions: -€1,888
- Accrued charges and deferred income +€1,188
up €1,188 (+93.7%), from €1,268 to €2,457
- Gross operating margin +€70,560
up €70,560, from -€60,956 to €9,604
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
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 | €102,359 | €94,350 | -€8,009 | -7.8% |
| Fixed assets | 21/28 | €94,986 | €92,486 | -€2,500 | -2.6% |
| Tangible fixed assets | 22/27 | €94,986 | €92,486 | -€2,500 | -2.6% |
| Land and buildings | 22 | €94,986 | €92,486 | -€2,500 | -2.6% |
| Current assets | 29/58 | €7,373 | €1,864 | -€5,509 | -74.7% |
| Amounts receivable within one year | 40/41 | - | €136 | +€136 | |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Deferred charges and accrued income | 490/1 | €7,373 | €1,728 | -€5,645 | -76.6% |
| Total equity and liabilities | 10/49 | €102,359 | €94,350 | -€8,009 | -7.8% |
| Equity | 10/15 | -€50,665 | -€51,596 | -€931 | -1.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,165 | -€54,096 | -€931 | -1.8% |
| Amounts payable | 17/49 | €153,024 | €145,946 | -€7,078 | -4.6% |
| Amounts payable after more than one year | 17 | €45,605 | €34,618 | -€10,988 | -24.1% |
| Financial debts | 170/4 | €45,605 | €34,618 | -€10,988 | -24.1% |
| Amounts payable within one year | 42/48 | €106,150 | €108,871 | +€2,721 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €10,723 | €10,988 | +€265 | +2.5% |
| Financial debts | 43 | €92,100 | €90,211 | -€1,888 | -2.1% |
| Credit institutions | 430/8 | €31,919 | €30,031 | -€1,888 | -5.9% |
| Other loans | 439 | €60,181 | €60,181 | = | 0.0% |
| Trade debts | 44 | €1,257 | €1,377 | +€120 | +9.5% |
| Suppliers | 440/4 | €1,257 | €1,377 | +€120 | +9.5% |
| Taxes, remuneration and social security | 45 | €2,071 | €5,928 | +€3,858 | +186% |
| Taxes | 450/3 | €2,071 | €5,928 | +€3,858 | +186% |
| Other amounts payable | 47/48 | - | €367 | +€367 | |
| Accrued charges and deferred income | 492/3 | €1,268 | €2,457 | +€1,188 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,586 | €1,316 | -€270 | -17.0% |
| Gross operating margin | 9900 | -€60,956 | €9,604 | +€70,560 | |
| Operating profit (loss) | 9901 | -€65,042 | €5,788 | +€70,830 | |
| Financial charges | 65/66B | €6,775 | €6,570 | -€205 | -3.0% |
| Recurring financial charges | 65 | €6,775 | €6,570 | -€205 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,816 | -€782 | +€71,035 | +98.9% |
| Income taxes | 67/77 | €130 | €149 | +€19 | +14.8% |
| Profit (loss) for the period | 9904 | -€71,946 | -€931 | +€71,015 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,946 | -€931 | +€71,015 | +98.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.