GELDHOF HOUT: what changed
What changed
GELDHOF HOUT
NACE 46.832, Wholesale of timber
filed annual accounts (NBB)
Net result for the year
€36,581
2024 · -€110,462+€147,043
Equity
€2.0m
2024 · €2.1m-€14,501
Cash
€529,232
2024 · €666,185-€136,954
Balance sheet total
€2.3m
2024 · €2.3m-€28,976
Largest movements
Assets
- Cash -€136,954
down €136,954 (-20.6%), from €666,185 to €529,232
mainly Stocks and contracts (-€123,940) and Contributions, distributions and other (-€51,082)
- Stocks and contracts +€123,940
up €123,940 (+12.9%), from €960,316 to €1.1m
- Tangible fixed assets -€32,755
down €32,755 (-6.8%), from €479,374 to €446,620
of which Furniture and vehicles: -€22,758
Equity and liabilities
- Trade debts -€34,617
down €34,617 (-93.9%), from €36,868 to €2,251
Income statement
- Staff costs -€54,209
down €54,209 (-22.2%), from €244,367 to €190,159
- Gross operating margin -€50,475
down €50,475 (-14.8%), from €341,822 to €291,347
- Write-downs +€13,156
up €13,156, from €0 to €13,156
- Financial income +€7,977
up €7,977 (+15.2%), from €52,399 to €60,377
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
-€110,462
Gross operating margin
-€50,475
Staff costs
+€54,209
Depreciation
-€1,026
Write-downs
-€13,156
Other operating charges
-€1,312
Other operating items
+€150,957
Financial income
+€7,977
Financial charges
-€126
Taxes
-€4
Result 2025
€36,581
raises the resultlowers the resultnot broken down further in the accounts
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
-€67,982
Investment
-€17,889
Financing
-€51,082
Cash 2024
€666,185
From operations (derived)
-€67,982
Net result for the year
+€36,581
Depreciation
+€50,644
Stocks and contracts
-€123,940
Receivables within one year
-€16,793
Trade debts
-€34,617
Tax, wage and social debts
+€4,952
Other debts
+€17,837
Accrued charges and deferred income
-€2,647
Investment (derived)
-€17,889
Investment in fixed assets (net)
-€17,889
Financing
-€51,082
Contributions, distributions and other
-€51,082
Cash 2025
€529,232
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,338,258 | €2,309,282 | -€28,976 | -1.2% |
| Fixed assets | 21/28 | €499,874 | €467,120 | -€32,755 | -6.6% |
| Tangible fixed assets | 22/27 | €479,374 | €446,620 | -€32,755 | -6.8% |
| Land and buildings | 22 | €379,672 | €361,360 | -€18,312 | -4.8% |
| Plant, machinery and equipment | 23 | €11,133 | €19,449 | +€8,316 | +74.7% |
| Furniture and vehicles | 24 | €88,569 | €65,811 | -€22,758 | -25.7% |
| Financial fixed assets | 28 | €20,500 | €20,500 | = | 0.0% |
| Current assets | 29/58 | €1,838,383 | €1,842,162 | +€3,779 | +0.2% |
| Stocks and contracts in progress | 3 | €960,316 | €1,084,256 | +€123,940 | +12.9% |
| Stocks | 30/36 | €960,316 | €1,084,256 | +€123,940 | +12.9% |
| Amounts receivable within one year | 40/41 | €209,403 | €226,196 | +€16,793 | +8.0% |
| Trade receivables | 40 | €200,730 | €224,257 | +€23,527 | +11.7% |
| Other amounts receivable | 41 | €8,673 | €1,939 | -€6,734 | -77.6% |
| Cash at bank and in hand | 54/58 | €666,185 | €529,232 | -€136,954 | -20.6% |
| Deferred charges and accrued income | 490/1 | €2,479 | €2,479 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,338,258 | €2,309,282 | -€28,976 | -1.2% |
| Equity | 10/15 | €2,053,130 | €2,038,628 | -€14,501 | -0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,978,130 | €1,963,628 | -€14,501 | -0.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,970,630 | €1,956,128 | -€14,501 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,128 | €270,653 | -€14,475 | -5.1% |
| Amounts payable within one year | 42/48 | €263,682 | €251,854 | -€11,828 | -4.5% |
| Trade debts | 44 | €36,868 | €2,251 | -€34,617 | -93.9% |
| Suppliers | 440/4 | €36,868 | €2,251 | -€34,617 | -93.9% |
| Taxes, remuneration and social security | 45 | €26,223 | €31,174 | +€4,952 | +18.9% |
| Taxes | 450/3 | €620 | €7,517 | +€6,897 | +1,112% |
| Remuneration and social security | 454/9 | €25,603 | €23,657 | -€1,945 | -7.6% |
| Other amounts payable | 47/48 | €200,592 | €218,429 | +€17,837 | +8.9% |
| Accrued charges and deferred income | 492/3 | €21,446 | €18,799 | -€2,647 | -12.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €244,367 | €190,159 | -€54,209 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,618 | €50,644 | +€1,026 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €13,156 | +€13,156 | |
| Other operating charges | 640/8 | €36,123 | €37,434 | +€1,312 | +3.6% |
| Non-recurring operating charges | 66A | €150,957 | €0 | -€150,957 | -100% |
| Gross operating margin | 9900 | €341,822 | €291,347 | -€50,475 | -14.8% |
| Operating profit (loss) | 9901 | -€139,243 | -€46 | +€139,197 | +100.0% |
| Financial income | 75/76B | €52,399 | €60,377 | +€7,977 | +15.2% |
| Recurring financial income | 75 | €52,399 | €60,377 | +€7,977 | +15.2% |
| Financial charges | 65/66B | €23,225 | €23,351 | +€126 | +0.5% |
| Recurring financial charges | 65 | €23,225 | €23,351 | +€126 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€110,068 | €36,979 | +€147,048 | |
| Income taxes | 67/77 | €394 | €398 | +€4 | +1.1% |
| Profit (loss) for the period | 9904 | -€110,462 | €36,581 | +€147,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€110,462 | €36,581 | +€147,043 |
Next steps
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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.