HOUBEN PROJECTS: 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.
HOUBEN PROJECTS
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-63.8%), from €1.6m to €583,675
- Advances received -€581,453
down €581,453 (-100.0%), from €581,453 to €0
- Short-term financial debts -€526,350
down €526,350 (-85.1%), from €618,547 to €92,197
- Profit (loss) carried forward +€48,018
up €48,018, from -€18,780 to €29,238
- Gross operating margin +€59,975
up €59,975, from -€243 to €59,732
- Taxes +€10,653
new in 2025: €10,653
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 | €1,739,869 | €697,300 | -€1.0m | -59.9% |
| Current assets | 29/58 | €1,739,869 | €697,300 | -€1.0m | -59.9% |
| Stocks and contracts in progress | 3 | €1,611,466 | €583,675 | -€1.0m | -63.8% |
| Stocks | 30/36 | €1,611,466 | €583,675 | -€1.0m | -63.8% |
| Amounts receivable within one year | 40/41 | €78,175 | €77,880 | -€295 | -0.4% |
| Other amounts receivable | 41 | €78,175 | €77,880 | -€295 | -0.4% |
| Cash at bank and in hand | 54/58 | €50,228 | €35,745 | -€14,483 | -28.8% |
| Total equity and liabilities | 10/49 | €1,739,869 | €697,300 | -€1.0m | -59.9% |
| Equity | 10/15 | €42,720 | €90,738 | +€48,018 | +112.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,780 | €29,238 | +€48,018 | |
| Amounts payable | 17/49 | €1,697,149 | €606,562 | -€1.1m | -64.3% |
| Amounts payable within one year | 42/48 | €1,697,149 | €606,562 | -€1.1m | -64.3% |
| Financial debts | 43 | €618,547 | €92,197 | -€526,350 | -85.1% |
| Credit institutions | 430/8 | €618,547 | €92,197 | -€526,350 | -85.1% |
| Trade debts | 44 | €1,082 | €203 | -€879 | -81.3% |
| Suppliers | 440/4 | €1,082 | €203 | -€879 | -81.3% |
| Advances received on contracts in progress | 46 | €581,453 | €0 | -€581,453 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €10,653 | +€10,653 | |
| Taxes | 450/3 | - | €10,653 | +€10,653 | |
| Other amounts payable | 47/48 | €496,068 | €503,509 | +€7,441 | +1.5% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€243 | €59,732 | +€59,975 | |
| Operating profit (loss) | 9901 | -€1,273 | €58,672 | +€59,944 | |
| Profit (loss) for the period before taxes | 9903 | -€1,273 | €58,672 | +€59,944 | |
| Income taxes | 67/77 | - | €10,653 | +€10,653 | |
| Profit (loss) for the period | 9904 | -€1,273 | €48,018 | +€49,291 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,273 | €48,018 | +€49,291 |
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 3 October 2026 via checked.be.