HENRY HOUSER: 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.
HENRY HOUSER
Largest movements
- Cash +€100,463
up €100,463 (+213%), from €47,066 to €147,528
mainly Net result for the year (+€132,152) and Depreciation (+€73,947)
- Tangible fixed assets -€57,118
down €57,118 (-10.2%), from €558,762 to €501,644
of which Land and buildings: -€31,435
- Current investments +€11,828
up €11,828 (+14.9%), from €79,479 to €91,308
- Receivables within one year +€8,687
up €8,687 (+59.7%), from €14,563 to €23,250
of which Other amounts receivable: +€10,608
- Deferred charges and accrued income -€7,845
down €7,845 (-65.3%), from €12,016 to €4,171
- Debts after one year -€83,251
down €83,251 (-17.1%), from €487,180 to €403,930
- Other debts +€63,028
up €63,028 (+90,040,143%), from €0 to €63,028
- Tax, wage and social debts +€43,563
up €43,563 (+212%), from €20,576 to €64,139
of which Taxes: +€46,767
- Reserves +€39,089
up €39,089 (+23.8%), from €164,164 to €203,253
- Profit (loss) carried forward +€30,035
up €30,035, from -€30,035 to €0
- Gross operating margin +€192,406
up €192,406 (+161%), from €119,687 to €312,093
- Taxes +€58,282
up €58,282 (+9,401%), from €620 to €58,902
- Staff costs -€14,906
down €14,906 (-42.3%), from €35,281 to €20,375
- Other operating charges -€14,532
down €14,532 (-65.5%), from €22,187 to €7,655
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 | €724,582 | €777,757 | +€53,175 | +7.3% |
| Fixed assets | 21/28 | €571,459 | €511,500 | -€59,959 | -10.5% |
| Intangible fixed assets | 21 | €12,697 | €9,856 | -€2,841 | -22.4% |
| Tangible fixed assets | 22/27 | €558,762 | €501,644 | -€57,118 | -10.2% |
| Land and buildings | 22 | €454,759 | €423,325 | -€31,435 | -6.9% |
| Furniture and vehicles | 24 | €103,053 | €76,969 | -€26,083 | -25.3% |
| Other tangible fixed assets | 26 | €950 | €1,350 | +€400 | +42.1% |
| Current assets | 29/58 | €153,123 | €266,257 | +€113,134 | +73.9% |
| Amounts receivable within one year | 40/41 | €14,563 | €23,250 | +€8,687 | +59.7% |
| Trade receivables | 40 | €9,143 | €7,222 | -€1,921 | -21.0% |
| Other amounts receivable | 41 | €5,420 | €16,028 | +€10,608 | +196% |
| Current investments | 50/53 | €79,479 | €91,308 | +€11,828 | +14.9% |
| Cash at bank and in hand | 54/58 | €47,066 | €147,528 | +€100,463 | +213% |
| Deferred charges and accrued income | 490/1 | €12,016 | €4,171 | -€7,845 | -65.3% |
| Total equity and liabilities | 10/49 | €724,582 | €777,757 | +€53,175 | +7.3% |
| Equity | 10/15 | €134,129 | €203,253 | +€69,124 | +51.5% |
| Reserves | 13 | €164,164 | €203,253 | +€39,089 | +23.8% |
| Distributable reserves | 133 | €164,164 | €203,253 | +€39,089 | +23.8% |
| Profit (loss) carried forward | 14 | -€30,035 | €0 | +€30,035 | |
| Amounts payable | 17/49 | €590,454 | €574,504 | -€15,949 | -2.7% |
| Amounts payable after more than one year | 17 | €487,180 | €403,930 | -€83,251 | -17.1% |
| Financial debts | 170/4 | €487,180 | €403,930 | -€83,251 | -17.1% |
| Amounts payable within one year | 42/48 | €99,115 | €170,574 | +€71,459 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €51,044 | €36,651 | -€14,394 | -28.2% |
| Trade debts | 44 | €27,495 | €6,756 | -€20,739 | -75.4% |
| Suppliers | 440/4 | €27,495 | €6,756 | -€20,739 | -75.4% |
| Taxes, remuneration and social security | 45 | €20,576 | €64,139 | +€43,563 | +212% |
| Taxes | 450/3 | €16,239 | €63,006 | +€46,767 | +288% |
| Remuneration and social security | 454/9 | €4,337 | €1,133 | -€3,204 | -73.9% |
| Other amounts payable | 47/48 | €0 | €63,028 | +€63,028 | +90,040,143% |
| Accrued charges and deferred income | 492/3 | €4,158 | €0 | -€4,158 | -100% |
| Remuneration, social security and pensions | 62 | €35,281 | €20,375 | -€14,906 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,019 | €73,947 | +€2,929 | +4.1% |
| Other operating charges | 640/8 | €22,187 | €7,655 | -€14,532 | -65.5% |
| Gross operating margin | 9900 | €119,687 | €312,093 | +€192,406 | +161% |
| Operating profit (loss) | 9901 | -€8,800 | €210,116 | +€218,916 | |
| Financial income | 75/76B | €2,595 | €2,369 | -€226 | -8.7% |
| Recurring financial income | 75 | €2,595 | €2,369 | -€226 | -8.7% |
| Financial charges | 65/66B | €23,211 | €21,432 | -€1,779 | -7.7% |
| Recurring financial charges | 65 | €23,211 | €21,432 | -€1,779 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,415 | €191,054 | +€220,469 | |
| Income taxes | 67/77 | €620 | €58,902 | +€58,282 | +9,401% |
| Profit (loss) for the period | 9904 | -€30,035 | €132,152 | +€162,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,035 | €132,152 | +€162,187 |
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 19 October 2026 via checked.be.