HOUBEN: 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
HOUBEN
NACE 46.442, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€308,247
2024 · -€163,289+€471,535
Equity
€3.0m
2024 · €2.7m+€274,975
Cash
€340,882
2024 · €395,002-€54,120
Balance sheet total
€5.8m
2024 · €5.8m-€9,966
Largest movements
Assets
- Tangible fixed assets +€164,737
up €164,737 (+31.6%), from €521,302 to €686,039
of which Furniture and vehicles: +€107,071
- Deferred charges and accrued income -€63,840
down €63,840 (-83.8%), from €76,211 to €12,371
Equity and liabilities
- Trade debts -€438,250
down €438,250 (-22.0%), from €2.0m to €1.6m
- Profit (loss) carried forward +€278,247
up €278,247 (+11.4%), from €2.4m to €2.7m
- Tax, wage and social debts +€85,031
up €85,031 (+28.9%), from €294,663 to €379,694
of which Taxes: +€77,760
Income statement
- Turnover +€1.2m
up €1.2m (+9.1%), from €13.0m to €14.2m
- Goods and materials +€478,087
up €478,087 (+5.0%), from €9.5m to €10.0m
of which Purchases: +€823,765
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
-€163,289
Turnover
+€1.2m
Other operating income
-€598
Goods and materials
-€478,087
Services and other goods
-€71,034
Staff costs
-€48,531
Depreciation
-€20,360
Write-downs
-€21,382
Other operating charges
+€25,439
Other operating items
-€3,704
Financial income
-€23,915
Financial charges
+€15,096
Taxes
-€83,239
Result 2025
€308,247
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.
From operations
+€276,952
Investment
-€341,639
Financing
+€10,567
Cash 2024
€395,002
From operations (derived)
+€276,952
Net result for the year
+€308,247
Depreciation
+€196,076
Stocks and contracts
+€40,609
Receivables within one year
-€3,041
Deferred charges and accrued income
+€63,840
Trade debts
-€438,250
Tax, wage and social debts
+€85,031
Other debts
+€30,000
Accrued charges and deferred income
-€5,559
Investment (derived)
-€341,639
Investment in fixed assets (net)
-€341,639
Financing
+€10,567
Debts after one year
+€8,834
Current portion of long-term debt
+€35,004
Contributions, distributions and other
-€33,272
Cash 2025
€340,882
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,761,022 | €5,751,057 | -€9,966 | -0.2% |
| Fixed assets | 21/28 | €689,694 | €835,257 | +€145,563 | +21.1% |
| Intangible fixed assets | 21 | €71,849 | €52,675 | -€19,174 | -26.7% |
| Tangible fixed assets | 22/27 | €521,302 | €686,039 | +€164,737 | +31.6% |
| Land and buildings | 22 | €246,741 | €227,593 | -€19,148 | -7.8% |
| Plant, machinery and equipment | 23 | €31,955 | €60,104 | +€28,149 | +88.1% |
| Furniture and vehicles | 24 | €179,595 | €286,666 | +€107,071 | +59.6% |
| Other tangible fixed assets | 26 | €63,012 | €111,676 | +€48,665 | +77.2% |
| Financial fixed assets | 28 | €96,543 | €96,543 | = | 0.0% |
| Other financial fixed assets | 284/8 | €96,543 | €96,543 | = | 0.0% |
| Shares | 284 | €95,050 | €95,050 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,493 | €1,493 | = | 0.0% |
| Current assets | 29/58 | €5,071,328 | €4,915,800 | -€155,528 | -3.1% |
| Stocks and contracts in progress | 3 | €1,509,500 | €1,468,892 | -€40,609 | -2.7% |
| Stocks | 30/36 | €1,509,500 | €1,468,892 | -€40,609 | -2.7% |
| Goods purchased for resale | 34 | €1,509,500 | €1,468,892 | -€40,609 | -2.7% |
| Amounts receivable within one year | 40/41 | €3,090,614 | €3,093,655 | +€3,041 | +0.1% |
| Trade receivables | 40 | €2,953,924 | €2,954,738 | +€813 | 0.0% |
| Other amounts receivable | 41 | €136,690 | €138,917 | +€2,228 | +1.6% |
| Cash at bank and in hand | 54/58 | €395,002 | €340,882 | -€54,120 | -13.7% |
| Deferred charges and accrued income | 490/1 | €76,211 | €12,371 | -€63,840 | -83.8% |
| Total equity and liabilities | 10/49 | €5,761,022 | €5,751,057 | -€9,966 | -0.2% |
| Equity | 10/15 | €2,709,131 | €2,984,106 | +€274,975 | +10.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €132,954 | €132,954 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,223 | €13,223 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Other | 1319 | €3,223 | €3,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,672 | €40,672 | = | 0.0% |
| Distributable reserves | 133 | €79,058 | €79,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,445,623 | €2,723,870 | +€278,247 | +11.4% |
| Investment grants | 15 | €30,554 | €27,283 | -€3,272 | -10.7% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,051,891 | €2,766,950 | -€284,941 | -9.3% |
| Amounts payable after more than one year | 17 | €186,975 | €195,810 | +€8,834 | +4.7% |
| Financial debts | 170/4 | €186,975 | €136,384 | -€50,591 | -27.1% |
| Credit institutions | 173 | €126,710 | €89,269 | -€37,441 | -29.5% |
| Other loans | 174 | €60,266 | €47,116 | -€13,150 | -21.8% |
| Other amounts payable | 178/9 | - | €59,426 | +€59,426 | |
| Amounts payable within one year | 42/48 | €2,852,078 | €2,563,862 | -€288,215 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €266,184 | €301,188 | +€35,004 | +13.2% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €1,991,125 | €1,552,875 | -€438,250 | -22.0% |
| Suppliers | 440/4 | €1,991,125 | €1,552,875 | -€438,250 | -22.0% |
| Taxes, remuneration and social security | 45 | €294,663 | €379,694 | +€85,031 | +28.9% |
| Taxes | 450/3 | €77,059 | €154,819 | +€77,760 | +100.9% |
| Remuneration and social security | 454/9 | €217,604 | €224,875 | +€7,271 | +3.3% |
| Other amounts payable | 47/48 | €105 | €30,105 | +€30,000 | +28571.4% |
| Accrued charges and deferred income | 492/3 | €12,838 | €7,278 | -€5,559 | -43.3% |
| Operating income | 70/76A | €13,143,444 | €14,320,993 | +€1.2m | +9.0% |
| Turnover | 70 | €13,047,894 | €14,229,745 | +€1.2m | +9.1% |
| Other operating income | 74 | €88,784 | €88,186 | -€598 | -0.7% |
| Non-recurring operating income | 76A | €6,766 | €3,062 | -€3,704 | -54.7% |
| Operating charges | 60/66A | €13,284,252 | €13,898,207 | +€613,956 | +4.6% |
| Goods for resale, raw materials and consumables | 60 | €9,525,927 | €10,004,014 | +€478,087 | +5.0% |
| Purchases | 600/8 | €9,139,640 | €9,963,405 | +€823,765 | +9.0% |
| Change in stocks: decrease (increase) | 609 | €386,287 | €40,609 | -€345,678 | -89.5% |
| Services and other goods | 61 | €1,347,996 | €1,419,030 | +€71,034 | +5.3% |
| Remuneration, social security and pensions | 62 | €2,145,464 | €2,193,995 | +€48,531 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,716 | €196,076 | +€20,360 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€34,544 | -€13,162 | +€21,382 | +61.9% |
| Other operating charges | 640/8 | €123,693 | €98,254 | -€25,439 | -20.6% |
| Operating profit (loss) | 9901 | -€140,808 | €422,786 | +€563,593 | |
| Financial income | 75/76B | €52,258 | €28,342 | -€23,915 | -45.8% |
| Recurring financial income | 75 | €52,258 | €28,342 | -€23,915 | -45.8% |
| Income from current assets | 751 | €3,802 | - | -€3,802 | |
| Other financial income | 752/9 | €48,456 | €28,342 | -€20,113 | -41.5% |
| Financial charges | 65/66B | €71,172 | €56,076 | -€15,096 | -21.2% |
| Recurring financial charges | 65 | €71,172 | €56,076 | -€15,096 | -21.2% |
| Debt charges | 650 | €48,278 | €31,634 | -€16,644 | -34.5% |
| Other financial charges | 652/9 | €22,895 | €24,442 | +€1,547 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€159,722 | €395,052 | +€554,774 | |
| Income taxes | 67/77 | €3,566 | €86,805 | +€83,239 | +2334.0% |
| Taxes | 670/3 | €3,566 | €86,805 | +€83,239 | +2334.0% |
| Profit (loss) for the period | 9904 | -€163,289 | €308,247 | +€471,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€163,289 | €308,247 | +€471,535 |
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 10 October 2026 via checked.be.