Habex Wouter: 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.
Habex Wouter
Largest movements
- Receivables within one year +€59,434
up €59,434 (+129%), from €45,991 to €105,425
of which Trade receivables: +€61,499
- Cash +€8,869
up €8,869 (+5.1%), from €175,458 to €184,327
mainly Net result for the year (+€88,396) and Trade debts (+€1,586)
- Reserves +€88,396
up €88,396 (+90.2%), from €97,957 to €186,354
- Other debts -€14,318
down €14,318 (-13.9%), from €102,918 to €88,600
- Tax, wage and social debts -€3,944
down €3,944 (-25.9%), from €15,209 to €11,265
of which Taxes: -€3,984
- Gross operating margin +€14,168
up €14,168 (+12.6%), from €112,640 to €126,809
- Taxes +€8,422
up €8,422 (+30.7%), from €27,412 to €35,833
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
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 | €224,300 | €296,021 | +€71,721 | +32.0% |
| Fixed assets | 21/28 | €2,852 | €5,773 | +€2,922 | +102% |
| Tangible fixed assets | 22/27 | €2,852 | €5,773 | +€2,922 | +102% |
| Furniture and vehicles | 24 | €2,852 | €5,773 | +€2,922 | +102% |
| Current assets | 29/58 | €221,449 | €290,247 | +€68,799 | +31.1% |
| Amounts receivable within one year | 40/41 | €45,991 | €105,425 | +€59,434 | +129% |
| Trade receivables | 40 | €43,926 | €105,425 | +€61,499 | +140% |
| Other amounts receivable | 41 | €2,065 | - | -€2,065 | |
| Cash at bank and in hand | 54/58 | €175,458 | €184,327 | +€8,869 | +5.1% |
| Deferred charges and accrued income | 490/1 | - | €495 | +€495 | |
| Total equity and liabilities | 10/49 | €224,300 | €296,021 | +€71,721 | +32.0% |
| Equity | 10/15 | €102,957 | €191,354 | +€88,396 | +85.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,957 | €186,354 | +€88,396 | +90.2% |
| Distributable reserves | 133 | €97,957 | €186,354 | +€88,396 | +90.2% |
| Amounts payable | 17/49 | €121,343 | €104,667 | -€16,676 | -13.7% |
| Amounts payable within one year | 42/48 | €121,343 | €104,667 | -€16,676 | -13.7% |
| Trade debts | 44 | €3,216 | €4,802 | +€1,586 | +49.3% |
| Suppliers | 440/4 | €3,216 | €4,802 | +€1,586 | +49.3% |
| Taxes, remuneration and social security | 45 | €15,209 | €11,265 | -€3,944 | -25.9% |
| Taxes | 450/3 | €12,344 | €8,360 | -€3,984 | -32.3% |
| Remuneration and social security | 454/9 | €2,865 | €2,906 | +€40 | +1.4% |
| Other amounts payable | 47/48 | €102,918 | €88,600 | -€14,318 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €826 | +€627 | +316% |
| Other operating charges | 640/8 | €1,089 | €1,243 | +€154 | +14.1% |
| Gross operating margin | 9900 | €112,640 | €126,809 | +€14,168 | +12.6% |
| Operating profit (loss) | 9901 | €111,353 | €124,741 | +€13,387 | +12.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €89 | €516 | +€427 | +482% |
| Recurring financial charges | 65 | €89 | €516 | +€427 | +482% |
| Profit (loss) for the period before taxes | 9903 | €111,265 | €124,230 | +€12,965 | +11.7% |
| Income taxes | 67/77 | €27,412 | €35,833 | +€8,422 | +30.7% |
| Profit (loss) for the period | 9904 | €83,853 | €88,396 | +€4,543 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,853 | €88,396 | +€4,543 | +5.4% |
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 18 October 2026 via checked.be.