HOUARI: what changed
HOUARI
Largest movements
- Receivables within one year +€143,321
new in 2025: €143,321
of which Trade receivables: +€120,995
- Tangible fixed assets -€2,442
down €2,442 (-14.0%), from €17,394 to €14,952
of which Plant, machinery and equipment: -€1,997
- Tax, wage and social debts +€48,711
up €48,711 (+152%), from €31,985 to €80,696
of which Remuneration and social security: +€54,957
- Trade debts +€43,447
up €43,447 (+8,604%), from €505 to €43,952
- Profit (loss) carried forward +€31,089
up €31,089, from -€3,674 to €27,415
- Other debts +€15,557
up €15,557 (+426%), from €3,656 to €19,213
- Gross operating margin +€36,957
up €36,957 (+23.8%), from €155,434 to €192,392
- Staff costs +€10,352
up €10,352 (+7.1%), from €144,829 to €155,181
- Taxes +€3,091
new in 2025: €3,091
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,472 | €175,026 | +€140,554 | +408% |
| Fixed assets | 21/28 | €32,394 | €29,992 | -€2,403 | -7.4% |
| Tangible fixed assets | 22/27 | €17,394 | €14,952 | -€2,442 | -14.0% |
| Plant, machinery and equipment | 23 | €14,881 | €12,884 | -€1,997 | -13.4% |
| Other tangible fixed assets | 26 | €2,513 | €2,068 | -€445 | -17.7% |
| Financial fixed assets | 28 | €15,000 | €15,039 | +€39 | +0.3% |
| Current assets | 29/58 | €2,078 | €145,035 | +€142,957 | +6,880% |
| Stocks and contracts in progress | 3 | €1,251 | €1,251 | = | 0.0% |
| Stocks | 30/36 | €1,251 | €1,251 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €143,321 | +€143,321 | |
| Trade receivables | 40 | - | €120,995 | +€120,995 | |
| Other amounts receivable | 41 | - | €22,326 | +€22,326 | |
| Cash at bank and in hand | 54/58 | €827 | €464 | -€364 | -44.0% |
| Total equity and liabilities | 10/49 | €34,472 | €175,026 | +€140,554 | +408% |
| Equity | 10/15 | -€1,674 | €29,415 | +€31,089 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,674 | €27,415 | +€31,089 | |
| Amounts payable | 17/49 | €36,146 | €145,611 | +€109,465 | +303% |
| Amounts payable within one year | 42/48 | €36,146 | €143,861 | +€107,715 | +298% |
| Trade debts | 44 | €505 | €43,952 | +€43,447 | +8,604% |
| Suppliers | 440/4 | €505 | €43,952 | +€43,447 | +8,604% |
| Taxes, remuneration and social security | 45 | €31,985 | €80,696 | +€48,711 | +152% |
| Taxes | 450/3 | €31,985 | €25,738 | -€6,247 | -19.5% |
| Remuneration and social security | 454/9 | - | €54,957 | +€54,957 | |
| Other amounts payable | 47/48 | €3,656 | €19,213 | +€15,557 | +426% |
| Accrued charges and deferred income | 492/3 | - | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €144,829 | €155,181 | +€10,352 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,941 | €2,442 | -€499 | -17.0% |
| Other operating charges | 640/8 | €771 | €236 | -€535 | -69.4% |
| Gross operating margin | 9900 | €155,434 | €192,392 | +€36,957 | +23.8% |
| Operating profit (loss) | 9901 | €6,894 | €34,533 | +€27,639 | +401% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €960 | €463 | -€497 | -51.8% |
| Recurring financial charges | 65 | €960 | €463 | -€497 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €5,934 | €34,180 | +€28,246 | +476% |
| Income taxes | 67/77 | - | €3,091 | +€3,091 | |
| Profit (loss) for the period | 9904 | €5,934 | €31,089 | +€25,155 | +424% |
| Profit (loss) for the period to be appropriated | 9905 | €5,934 | €31,089 | +€25,155 | +424% |
Next steps
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 2 November 2026 via checked.be.