HOUART SERVICES: 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.
What changed
HOUART SERVICES
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€108,620
2024 · €163,177-€271,796
Equity
€459,423
2024 · €573,514-€114,091
Cash
€11,511
2024 · €2,269+€9,242
Balance sheet total
€2.3m
2024 · €2.5m-€240,049
Largest movements
Assets
- Receivables within one year -€211,978
down €211,978 (-31.0%), from €682,908 to €470,930
of which Trade receivables: -€236,238
- Tangible fixed assets -€33,181
down €33,181 (-1.8%), from €1.8m to €1.8m
of which Assets under construction and advance payments: -€58,627
Equity and liabilities
- Debts after one year -€162,117
down €162,117 (-16.7%), from €971,882 to €809,765
- Profit (loss) carried forward -€104,484
down €104,484 (-22.0%), from €474,882 to €370,398
- Short-term financial debts +€80,364
up €80,364 (+43.1%), from €186,283 to €266,647
- Other debts -€48,330
down €48,330 (-45.0%), from €107,313 to €58,982
Income statement
- Depreciation +€128,123
up €128,123 (+54.3%), from €236,131 to €364,254
- Staff costs +€75,828
up €75,828 (+8.1%), from €939,964 to €1.0m
- Other operating charges +€42,334
up €42,334 (+44.7%), from €94,700 to €137,035
- Write-downs +€41,181
new in 2025: €41,181
- Financial charges +€28,708
up €28,708 (+40.7%), from €70,522 to €99,230
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.
Result 2024
€163,177
Gross operating margin
+€15,453
Staff costs
-€75,828
Depreciation
-€128,123
Write-downs
-€41,181
Other operating charges
-€42,334
Financial income
+€860
Financial charges
-€28,708
Taxes
+€28,063
Result 2025
-€108,620
raises the resultlowers the result
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.
From operations
+€408,263
Investment
-€330,611
Financing
-€68,410
Cash 2024
€2,269
From operations (derived)
+€408,263
Net result for the year
-€108,620
Depreciation
+€364,254
Stocks and contracts
-€2,436
Receivables within one year
+€211,978
Deferred charges and accrued income
+€6,107
Provisions
-€2,130
Trade debts
+€225
Tax, wage and social debts
-€15,121
Other debts
-€48,330
Accrued charges and deferred income
+€2,336
Investment (derived)
-€330,611
Investment in fixed assets (net)
-€330,611
Financing
-€68,410
Debts after one year
-€162,117
Current portion of long-term debt
+€18,815
Short-term financial debts
+€80,364
Contributions, distributions and other
-€5,471
Cash 2025
€11,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,546,788 | €2,306,739 | -€240,049 | -9.4% |
| Fixed assets | 21/28 | €1,838,080 | €1,804,437 | -€33,643 | -1.8% |
| Intangible fixed assets | 21 | €461 | €0 | -€461 | -100% |
| Tangible fixed assets | 22/27 | €1,834,893 | €1,801,712 | -€33,181 | -1.8% |
| Land and buildings | 22 | €408,662 | €387,763 | -€20,900 | -5.1% |
| Plant, machinery and equipment | 23 | €92,152 | €82,025 | -€10,127 | -11.0% |
| Furniture and vehicles | 24 | €57,665 | €164,074 | +€106,409 | +185% |
| Leasing and similar rights | 25 | €1,217,786 | €1,167,850 | -€49,937 | -4.1% |
| Assets under construction and advance payments | 27 | €58,627 | €0 | -€58,627 | -100% |
| Financial fixed assets | 28 | €2,725 | €2,725 | = | 0.0% |
| Current assets | 29/58 | €708,708 | €502,302 | -€206,406 | -29.1% |
| Stocks and contracts in progress | 3 | €6,758 | €9,194 | +€2,436 | +36.0% |
| Stocks | 30/36 | €6,758 | €9,194 | +€2,436 | +36.0% |
| Amounts receivable within one year | 40/41 | €682,908 | €470,930 | -€211,978 | -31.0% |
| Trade receivables | 40 | €682,908 | €446,670 | -€236,238 | -34.6% |
| Other amounts receivable | 41 | €0 | €24,260 | +€24,260 | |
| Cash at bank and in hand | 54/58 | €2,269 | €11,511 | +€9,242 | +407% |
| Deferred charges and accrued income | 490/1 | €16,774 | €10,667 | -€6,107 | -36.4% |
| Total equity and liabilities | 10/49 | €2,546,788 | €2,306,739 | -€240,049 | -9.4% |
| Equity | 10/15 | €573,514 | €459,423 | -€114,091 | -19.9% |
| Contributions | 10/11 | €52,452 | €52,452 | = | 0.0% |
| Reserves | 13 | €9,381 | €5,245 | -€4,136 | -44.1% |
| Tax-exempt reserves | 132 | €4,136 | €0 | -€4,136 | -100% |
| Distributable reserves | 133 | €5,245 | €5,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,882 | €370,398 | -€104,484 | -22.0% |
| Investment grants | 15 | €36,799 | €31,328 | -€5,471 | -14.9% |
| Provisions and deferred taxes | 16 | €2,130 | €0 | -€2,130 | -100% |
| Deferred taxes | 168 | €2,130 | €0 | -€2,130 | -100% |
| Amounts payable | 17/49 | €1,971,145 | €1,847,316 | -€123,828 | -6.3% |
| Amounts payable after more than one year | 17 | €971,882 | €809,765 | -€162,117 | -16.7% |
| Financial debts | 170/4 | €971,882 | €809,765 | -€162,117 | -16.7% |
| Amounts payable within one year | 42/48 | €995,589 | €1,031,541 | +€35,952 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €340,381 | €359,196 | +€18,815 | +5.5% |
| Financial debts | 43 | €186,283 | €266,647 | +€80,364 | +43.1% |
| Credit institutions | 430/8 | €186,283 | €266,647 | +€80,364 | +43.1% |
| Trade debts | 44 | €207,398 | €207,623 | +€225 | +0.1% |
| Suppliers | 440/4 | €207,398 | €207,623 | +€225 | +0.1% |
| Taxes, remuneration and social security | 45 | €154,214 | €139,093 | -€15,121 | -9.8% |
| Taxes | 450/3 | €75,059 | €43,646 | -€31,414 | -41.9% |
| Remuneration and social security | 454/9 | €79,154 | €95,447 | +€16,293 | +20.6% |
| Other amounts payable | 47/48 | €107,313 | €58,982 | -€48,330 | -45.0% |
| Accrued charges and deferred income | 492/3 | €3,674 | €6,010 | +€2,336 | +63.6% |
| Non-recurring operating income | 76A | €28,380 | €81,199 | +€52,819 | +186% |
| Remuneration, social security and pensions | 62 | €939,964 | €1,015,792 | +€75,828 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,131 | €364,254 | +€128,123 | +54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,181 | +€41,181 | |
| Other operating charges | 640/8 | €94,700 | €137,035 | +€42,334 | +44.7% |
| Gross operating margin | 9900 | €1,525,603 | €1,541,056 | +€15,453 | +1.0% |
| Operating profit (loss) | 9901 | €254,807 | -€17,205 | -€272,012 | |
| Financial income | 75/76B | €6,015 | €6,875 | +€860 | +14.3% |
| Recurring financial income | 75 | €6,015 | €6,875 | +€860 | +14.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €70,522 | €99,230 | +€28,708 | +40.7% |
| Recurring financial charges | 65 | €70,522 | €99,230 | +€28,708 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €190,300 | -€109,560 | -€299,860 | |
| Transfer from deferred taxes | 780 | €2,130 | €2,130 | -€0 | 0.0% |
| Income taxes | 67/77 | €29,253 | €1,190 | -€28,063 | -95.9% |
| Profit (loss) for the period | 9904 | €163,177 | -€108,620 | -€271,796 | |
| Transfer from tax-exempt reserves | 789 | €4,136 | €4,136 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,312 | -€104,484 | -€271,796 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.