HOUA MEDIC: 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.
HOUA MEDIC
Largest movements
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Cash -€67,217
down €67,217 (-45.3%), from €148,425 to €81,208
mainly Current investments (-€100,000) and Current portion of long-term debt (-€12,652)
- Tangible fixed assets -€4,967
down €4,967 (-11.7%), from €42,334 to €37,367
of which Other tangible fixed assets: -€2,728
- Reserves +€51,124
up €51,124 (+17.8%), from €287,567 to €338,690
of which Distributable reserves: +€51,124
- Current portion of long-term debt -€12,652
no longer reported in 2025 (was €12,652)
- Trade debts -€7,867
no longer reported in 2025 (was €7,867)
- Tax, wage and social debts -€7,233
down €7,233 (-23.0%), from €31,398 to €24,165
- Short-term financial debts +€5,667
up €5,667 (+131%), from €4,333 to €10,000
- Gross operating margin -€25,797
down €25,797 (-22.2%), from €116,307 to €90,510
- Taxes -€12,401
down €12,401 (-33.4%), from €37,165 to €24,764
- Financial charges +€4,034
up €4,034 (+526%), from €766 to €4,800
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 | €362,418 | €391,455 | +€29,038 | +8.0% |
| Fixed assets | 21/28 | €42,334 | €37,367 | -€4,967 | -11.7% |
| Tangible fixed assets | 22/27 | €42,334 | €37,367 | -€4,967 | -11.7% |
| Plant, machinery and equipment | 23 | €5,289 | €4,330 | -€959 | -18.1% |
| Furniture and vehicles | 24 | €10,567 | €9,287 | -€1,280 | -12.1% |
| Other tangible fixed assets | 26 | €26,478 | €23,750 | -€2,728 | -10.3% |
| Current assets | 29/58 | €320,083 | €354,088 | +€34,005 | +10.6% |
| Amounts receivable within one year | 40/41 | €70,106 | €71,260 | +€1,154 | +1.6% |
| Other amounts receivable | 41 | €70,106 | €71,260 | +€1,154 | +1.6% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €148,425 | €81,208 | -€67,217 | -45.3% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,620 | +€68 | +4.4% |
| Total equity and liabilities | 10/49 | €362,418 | €391,455 | +€29,038 | +8.0% |
| Equity | 10/15 | €306,167 | €357,290 | +€51,124 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,567 | €338,690 | +€51,124 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €285,707 | €336,830 | +€51,124 | +17.9% |
| Amounts payable | 17/49 | €56,251 | €34,165 | -€22,086 | -39.3% |
| Amounts payable within one year | 42/48 | €56,251 | €34,165 | -€22,086 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €12,652 | - | -€12,652 | |
| Financial debts | 43 | €4,333 | €10,000 | +€5,667 | +131% |
| Credit institutions | 430/8 | €4,333 | €10,000 | +€5,667 | +131% |
| Trade debts | 44 | €7,867 | - | -€7,867 | |
| Suppliers | 440/4 | €7,867 | - | -€7,867 | |
| Taxes, remuneration and social security | 45 | €31,398 | €24,165 | -€7,233 | -23.0% |
| Taxes | 450/3 | €31,398 | €24,165 | -€7,233 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,979 | €7,384 | -€595 | -7.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €5,705 | +€5,705 | |
| Gross operating margin | 9900 | €116,307 | €90,510 | -€25,797 | -22.2% |
| Operating profit (loss) | 9901 | €107,941 | €77,021 | -€30,920 | -28.6% |
| Financial income | 75/76B | €3,573 | €3,666 | +€93 | +2.6% |
| Recurring financial income | 75 | €3,573 | €3,666 | +€93 | +2.6% |
| Financial charges | 65/66B | €766 | €4,800 | +€4,034 | +526% |
| Recurring financial charges | 65 | €766 | €4,800 | +€4,034 | +526% |
| Profit (loss) for the period before taxes | 9903 | €110,748 | €75,887 | -€34,860 | -31.5% |
| Income taxes | 67/77 | €37,165 | €24,764 | -€12,401 | -33.4% |
| Profit (loss) for the period | 9904 | €73,583 | €51,124 | -€22,459 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,583 | €51,124 | -€22,459 | -30.5% |
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 30 October 2026 via checked.be.