HOME4U: 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.
HOME4U
Largest movements
- Stocks and contracts -€295,748
down €295,748 (-33.2%), from €890,613 to €594,865
- Receivables within one year +€195,641
up €195,641 (+422%), from €46,411 to €242,051
of which Trade receivables: +€195,359
- Cash +€46,568
up €46,568 (+234%), from €19,872 to €66,441
mainly Stocks and contracts (+€295,748) and Other debts (+€288,839)
- Short-term financial debts -€355,000
down €355,000 (-48.6%), from €730,000 to €375,000
- Other debts +€288,839
up €288,839 (+206%), from €140,512 to €429,352
- Tax, wage and social debts +€49,576
up €49,576 (+426%), from €11,645 to €61,221
of which Taxes: +€49,576
- Trade debts -€31,293
down €31,293 (-50.1%), from €62,448 to €31,155
- Financial charges -€7,530
down €7,530 (-18.2%), from €41,359 to €33,829
- Gross operating margin -€2,338
down €2,338 (-4.2%), from €55,218 to €52,880
- Depreciation +€2,198
up €2,198 (+17.3%), from €12,734 to €14,932
- Taxes +€761
up €761 (+99.9%), from €762 to €1,523
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 | €1,000,624 | €945,472 | -€55,153 | -5.5% |
| Fixed assets | 21/28 | €43,729 | €35,339 | -€8,390 | -19.2% |
| Tangible fixed assets | 22/27 | €43,329 | €34,939 | -€8,390 | -19.4% |
| Furniture and vehicles | 24 | €43,329 | €34,939 | -€8,390 | -19.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €956,896 | €910,133 | -€46,763 | -4.9% |
| Stocks and contracts in progress | 3 | €890,613 | €594,865 | -€295,748 | -33.2% |
| Stocks | 30/36 | €890,613 | €594,865 | -€295,748 | -33.2% |
| Amounts receivable within one year | 40/41 | €46,411 | €242,051 | +€195,641 | +422% |
| Trade receivables | 40 | €46,152 | €241,511 | +€195,359 | +423% |
| Other amounts receivable | 41 | €259 | €541 | +€282 | +109% |
| Cash at bank and in hand | 54/58 | €19,872 | €66,441 | +€46,568 | +234% |
| Deferred charges and accrued income | 490/1 | - | €6,776 | +€6,776 | |
| Total equity and liabilities | 10/49 | €1,000,624 | €945,472 | -€55,153 | -5.5% |
| Equity | 10/15 | €28,428 | €31,023 | +€2,595 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,228 | €24,823 | +€2,595 | +11.7% |
| Distributable reserves | 133 | €22,228 | €24,823 | +€2,595 | +11.7% |
| Amounts payable | 17/49 | €972,196 | €914,448 | -€57,748 | -5.9% |
| Amounts payable after more than one year | 17 | €14,111 | €4,230 | -€9,881 | -70.0% |
| Financial debts | 170/4 | €14,111 | €4,230 | -€9,881 | -70.0% |
| Amounts payable within one year | 42/48 | €954,114 | €908,718 | -€45,396 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €9,509 | €9,881 | +€372 | +3.9% |
| Financial debts | 43 | €730,000 | €375,000 | -€355,000 | -48.6% |
| Credit institutions | 430/8 | €730,000 | €375,000 | -€355,000 | -48.6% |
| Trade debts | 44 | €62,448 | €31,155 | -€31,293 | -50.1% |
| Suppliers | 440/4 | €62,448 | €31,155 | -€31,293 | -50.1% |
| Advances received on contracts in progress | 46 | - | €2,110 | +€2,110 | |
| Taxes, remuneration and social security | 45 | €11,645 | €61,221 | +€49,576 | +426% |
| Taxes | 450/3 | €10,555 | €60,131 | +€49,576 | +470% |
| Remuneration and social security | 454/9 | €1,090 | €1,090 | = | 0.0% |
| Other amounts payable | 47/48 | €140,512 | €429,352 | +€288,839 | +206% |
| Accrued charges and deferred income | 492/3 | €3,971 | €1,500 | -€2,471 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,734 | €14,932 | +€2,198 | +17.3% |
| Other operating charges | 640/8 | €824 | €909 | +€84 | +10.2% |
| Gross operating margin | 9900 | €55,218 | €52,880 | -€2,338 | -4.2% |
| Operating profit (loss) | 9901 | €41,659 | €37,039 | -€4,620 | -11.1% |
| Financial income | 75/76B | €1,247 | €908 | -€339 | -27.2% |
| Recurring financial income | 75 | €1,247 | €908 | -€339 | -27.2% |
| Financial charges | 65/66B | €41,359 | €33,829 | -€7,530 | -18.2% |
| Recurring financial charges | 65 | €41,359 | €33,829 | -€7,530 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,547 | €4,118 | +€2,571 | +166% |
| Income taxes | 67/77 | €762 | €1,523 | +€761 | +99.9% |
| Profit (loss) for the period | 9904 | €785 | €2,595 | +€1,810 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €785 | €2,595 | +€1,810 | +230% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.