HOUBLEX: 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.
HOUBLEX
Largest movements
- Deferred charges and accrued income +€32,792
up €32,792 (+19,519%), from €168 to €32,960
- Cash +€17,517
up €17,517 (+365%), from €4,794 to €22,311
mainly Net result for the year (+€28,724) and Tax, wage and social debts (+€9,917)
- Receivables within one year -€3,283
down €3,283 (-84.9%), from €3,869 to €586
of which Trade receivables: -€3,869
- Tangible fixed assets -€2,079
down €2,079 (-14.9%), from €13,972 to €11,893
of which Plant, machinery and equipment: -€1,280
- Reserves +€21,593
new in 2025: €21,593
- Tax, wage and social debts +€9,917
up €9,917 (+10,537%), from €94 to €10,011
- Investment grants +€7,548
new in 2025: €7,548
- Profit (loss) carried forward +€7,131
no longer reported in 2025 (was -€7,131)
- Trade debts -€2,140
down €2,140 (-87.4%), from €2,447 to €307
- Gross operating margin +€47,015
up €47,015, from -€5,430 to €41,584
- Taxes +€10,011
new in 2025: €10,011
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,119 | €68,786 | +€44,667 | +185% |
| Fixed assets | 21/28 | €14,463 | €12,104 | -€2,359 | -16.3% |
| Intangible fixed assets | 21 | €391 | €111 | -€280 | -71.6% |
| Tangible fixed assets | 22/27 | €13,972 | €11,893 | -€2,079 | -14.9% |
| Land and buildings | 22 | €6,000 | €6,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,647 | €5,366 | -€1,280 | -19.3% |
| Furniture and vehicles | 24 | €1,325 | €527 | -€798 | -60.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €9,656 | €56,682 | +€47,026 | +487% |
| Stocks and contracts in progress | 3 | €825 | €825 | = | 0.0% |
| Stocks | 30/36 | €825 | €825 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,869 | €586 | -€3,283 | -84.9% |
| Trade receivables | 40 | €3,869 | - | -€3,869 | |
| Other amounts receivable | 41 | - | €586 | +€586 | |
| Cash at bank and in hand | 54/58 | €4,794 | €22,311 | +€17,517 | +365% |
| Deferred charges and accrued income | 490/1 | €168 | €32,960 | +€32,792 | +19,519% |
| Total equity and liabilities | 10/49 | €24,119 | €68,786 | +€44,667 | +185% |
| Equity | 10/15 | €10,835 | €47,708 | +€36,872 | +340% |
| Contributions | 10/11 | €17,966 | €18,566 | +€600 | +3.3% |
| Reserves | 13 | - | €21,593 | +€21,593 | |
| Distributable reserves | 133 | - | €21,593 | +€21,593 | |
| Profit (loss) carried forward | 14 | -€7,131 | - | +€7,131 | |
| Investment grants | 15 | - | €7,548 | +€7,548 | |
| Amounts payable | 17/49 | €13,283 | €21,079 | +€7,795 | +58.7% |
| Amounts payable within one year | 42/48 | €13,283 | €21,079 | +€7,795 | +58.7% |
| Trade debts | 44 | €2,447 | €307 | -€2,140 | -87.4% |
| Suppliers | 440/4 | €2,447 | €307 | -€2,140 | -87.4% |
| Taxes, remuneration and social security | 45 | €94 | €10,011 | +€9,917 | +10,537% |
| Taxes | 450/3 | €94 | €10,011 | +€9,917 | +10,537% |
| Other amounts payable | 47/48 | €10,742 | €10,760 | +€17 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,301 | €2,359 | +€57 | +2.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€5,430 | €41,584 | +€47,015 | |
| Operating profit (loss) | 9901 | -€8,119 | €38,826 | +€46,945 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €169 | €90 | -€79 | -46.5% |
| Recurring financial charges | 65 | €169 | €90 | -€79 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,287 | €38,736 | +€47,023 | |
| Income taxes | 67/77 | - | €10,011 | +€10,011 | |
| Profit (loss) for the period | 9904 | -€8,287 | €28,724 | +€37,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,287 | €28,724 | +€37,011 |
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 15 October 2026 via checked.be.