HOUBEY & VANSWEGENOVEN: what changed
What changed
HOUBEY & VANSWEGENOVEN
filed annual accounts (NBB)
Net result for the year
€14,340
2024 · €31,026-€16,686
Equity
€187,275
2024 · €172,936+€14,340
Cash
€105,835
2024 · €88,679+€17,157
Balance sheet total
€199,179
2024 · €197,153+€2,026
Largest movements
Assets
- Cash +€17,157
up €17,157 (+19.3%), from €88,679 to €105,835
mainly Net result for the year (+€14,340) and Depreciation (+€10,548)
- Tangible fixed assets -€9,599
down €9,599 (-45.4%), from €21,166 to €11,567
of which Land and buildings: -€8,749
- Deferred charges and accrued income -€4,940
down €4,940 (-98.1%), from €5,037 to €97
Equity and liabilities
- Reserves +€14,340
up €14,340 (+11.1%), from €128,906 to €143,246
of which Distributable reserves: +€14,340
- Debts after one year -€8,667
down €8,667 (-92.3%), from €9,389 to €723
- Tax, wage and social debts -€3,927
no longer reported in 2025 (was €3,927)
of which Taxes: -€2,822
Income statement
- Gross operating margin -€22,542
down €22,542 (-42.1%), from €53,481 to €30,939
- Taxes -€6,468
down €6,468 (-53.2%), from €12,157 to €5,689
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.
Result 2024
€31,026
Gross operating margin
-€22,542
Depreciation
-€468
Other operating charges
-€9
Financial income
-€101
Financial charges
-€33
Taxes
+€6,468
Result 2025
€14,340
raises the resultlowers the result
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.
From operations
+€26,772
Investment
-€949
Financing
-€8,667
Cash 2024
€88,679
From operations (derived)
+€26,772
Net result for the year
+€14,340
Depreciation
+€10,548
Receivables within one year
+€591
Deferred charges and accrued income
+€4,940
Trade debts
+€281
Tax, wage and social debts
-€3,927
Investment (derived)
-€949
Investment in fixed assets (net)
-€949
Financing
-€8,667
Debts after one year
-€8,667
Cash 2025
€105,835
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,153 | €199,179 | +€2,026 | +1.0% |
| Fixed assets | 21/28 | €21,166 | €11,567 | -€9,599 | -45.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €21,166 | €11,567 | -€9,599 | -45.4% |
| Land and buildings | 22 | €17,499 | €8,750 | -€8,749 | -50.0% |
| Plant, machinery and equipment | 23 | - | €651 | +€651 | |
| Furniture and vehicles | 24 | €3,667 | €2,167 | -€1,501 | -40.9% |
| Current assets | 29/58 | €175,986 | €187,612 | +€11,626 | +6.6% |
| Amounts receivable within one year | 40/41 | €21,623 | €21,032 | -€591 | -2.7% |
| Trade receivables | 40 | €21,623 | €19,520 | -€2,102 | -9.7% |
| Other amounts receivable | 41 | - | €1,511 | +€1,511 | |
| Current investments | 50/53 | €60,648 | €60,648 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,679 | €105,835 | +€17,157 | +19.3% |
| Deferred charges and accrued income | 490/1 | €5,037 | €97 | -€4,940 | -98.1% |
| Total equity and liabilities | 10/49 | €197,153 | €199,179 | +€2,026 | +1.0% |
| Equity | 10/15 | €172,936 | €187,275 | +€14,340 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,906 | €143,246 | +€14,340 | +11.1% |
| Non-distributable reserves | 130/1 | €9,060 | €9,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,060 | €9,060 | = | 0.0% |
| Distributable reserves | 133 | €119,846 | €134,186 | +€14,340 | +12.0% |
| Profit (loss) carried forward | 14 | €25,429 | €25,429 | = | 0.0% |
| Amounts payable | 17/49 | €24,217 | €11,903 | -€12,313 | -50.8% |
| Amounts payable after more than one year | 17 | €9,389 | €723 | -€8,667 | -92.3% |
| Financial debts | 170/4 | €9,389 | €723 | -€8,667 | -92.3% |
| Amounts payable within one year | 42/48 | €14,827 | €11,181 | -€3,647 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €8,667 | €8,667 | = | 0.0% |
| Trade debts | 44 | €1,053 | €1,333 | +€281 | +26.6% |
| Suppliers | 440/4 | €1,053 | €1,333 | +€281 | +26.6% |
| Taxes, remuneration and social security | 45 | €3,927 | - | -€3,927 | |
| Taxes | 450/3 | €2,822 | - | -€2,822 | |
| Remuneration and social security | 454/9 | €1,106 | - | -€1,106 | |
| Other amounts payable | 47/48 | €1,181 | €1,181 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €10,548 | +€468 | +4.6% |
| Other operating charges | 640/8 | €365 | €374 | +€9 | +2.5% |
| Gross operating margin | 9900 | €53,481 | €30,939 | -€22,542 | -42.1% |
| Operating profit (loss) | 9901 | €43,036 | €20,017 | -€23,019 | -53.5% |
| Financial income | 75/76B | €417 | €315 | -€101 | -24.3% |
| Recurring financial income | 75 | €417 | €315 | -€101 | -24.3% |
| Financial charges | 65/66B | €270 | €304 | +€33 | +12.3% |
| Recurring financial charges | 65 | €270 | €304 | +€33 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €43,182 | €20,028 | -€23,154 | -53.6% |
| Income taxes | 67/77 | €12,157 | €5,689 | -€6,468 | -53.2% |
| Profit (loss) for the period | 9904 | €31,026 | €14,340 | -€16,686 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,026 | €14,340 | -€16,686 | -53.8% |
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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 4 November 2026 via checked.be.