HOUBA MANAGEMENT: what changed
Two fiscal 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.
HOUBA MANAGEMENT
Largest movements
- Cash +€139,876
up €139,876 (+118.2%), from €118,338 to €258,214
mainly Other debts (+€199,719) and Net result for the year (+€127,519)
- Receivables within one year -€38,955
down €38,955 (-48.7%), from €80,000 to €41,045
of which Trade receivables: -€65,000
- Deferred charges and accrued income -€14,000
down €14,000 (-18.7%), from €75,000 to €61,000
- Other debts +€199,719
up €199,719 (+71107.3%), from €281 to €200,000
- Profit (loss) carried forward -€72,481
down €72,481 (-31.6%), from €229,481 to €157,000
- Tax, wage and social debts -€41,671
no longer reported in 2025 (was €41,671)
- Gross operating margin -€25,541
down €25,541 (-13.3%), from €191,715 to €166,173
- Other operating charges -€5,373
down €5,373 (-92.6%), from €5,802 to €429
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.
Cash bridge derived
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 | €274,374 | €360,392 | +€86,018 | +31.4% |
| Fixed assets | 21/28 | €1,037 | €134 | -€903 | -87.1% |
| Tangible fixed assets | 22/27 | €1,037 | €134 | -€903 | -87.1% |
| Furniture and vehicles | 24 | €1,037 | €134 | -€903 | -87.1% |
| Current assets | 29/58 | €273,338 | €360,259 | +€86,921 | +31.8% |
| Amounts receivable within one year | 40/41 | €80,000 | €41,045 | -€38,955 | -48.7% |
| Trade receivables | 40 | €80,000 | €15,000 | -€65,000 | -81.3% |
| Other amounts receivable | 41 | - | €26,045 | +€26,045 | |
| Cash at bank and in hand | 54/58 | €118,338 | €258,214 | +€139,876 | +118.2% |
| Deferred charges and accrued income | 490/1 | €75,000 | €61,000 | -€14,000 | -18.7% |
| Total equity and liabilities | 10/49 | €274,374 | €360,392 | +€86,018 | +31.4% |
| Equity | 10/15 | €231,481 | €159,000 | -€72,481 | -31.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,481 | €157,000 | -€72,481 | -31.6% |
| Amounts payable | 17/49 | €42,893 | €201,392 | +€158,499 | +369.5% |
| Amounts payable within one year | 42/48 | €42,893 | €201,392 | +€158,499 | +369.5% |
| Trade debts | 44 | €942 | €1,392 | +€450 | +47.8% |
| Suppliers | 440/4 | €942 | €1,392 | +€450 | +47.8% |
| Taxes, remuneration and social security | 45 | €41,671 | - | -€41,671 | |
| Taxes | 450/3 | €41,671 | - | -€41,671 | |
| Other amounts payable | 47/48 | €281 | €200,000 | +€199,719 | +71107.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €903 | -€288 | -24.2% |
| Other operating charges | 640/8 | €5,802 | €429 | -€5,373 | -92.6% |
| Gross operating margin | 9900 | €191,715 | €166,173 | -€25,541 | -13.3% |
| Operating profit (loss) | 9901 | €184,721 | €164,841 | -€19,880 | -10.8% |
| Financial income | 75/76B | - | €354 | +€354 | |
| Recurring financial income | 75 | - | €354 | +€354 | |
| Financial charges | 65/66B | €253 | €162 | -€91 | -36.0% |
| Recurring financial charges | 65 | €253 | €162 | -€91 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €184,468 | €165,033 | -€19,435 | -10.5% |
| Income taxes | 67/77 | €37,263 | €37,513 | +€251 | +0.7% |
| Profit (loss) for the period | 9904 | €147,205 | €127,519 | -€19,686 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,205 | €127,519 | -€19,686 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.