HOUBRECHTS IT: 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.
HOUBRECHTS IT
Largest movements
- Cash -€71,294
down €71,294 (-79.7%), from €89,456 to €18,162
mainly Investment in fixed assets (net) (-€65,103) and Contributions, distributions and other (-€38,211)
- Tangible fixed assets +€40,766
up €40,766 (+10.8%), from €378,456 to €419,222
of which Furniture and vehicles: +€55,212
- Debts after one year -€27,613
down €27,613 (-12.5%), from €220,186 to €192,574
- Other debts +€14,186
up €14,186 (+40.5%), from €35,064 to €49,250
- Reserves -€10,201
down €10,201 (-6.1%), from €167,886 to €157,685
of which Distributable reserves: -€10,201
- Tax, wage and social debts -€7,493
down €7,493 (-52.3%), from €14,331 to €6,838
of which Taxes: -€10,915
- Gross operating margin -€23,514
down €23,514 (-24.1%), from €97,602 to €74,088
- Taxes -€6,326
down €6,326 (-36.0%), from €17,552 to €11,226
- Financial charges +€1,462
up €1,462 (+16.9%), from €8,629 to €10,091
- Other operating charges -€1,122
down €1,122 (-54.3%), from €2,068 to €946
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 | €486,458 | €456,115 | -€30,343 | -6.2% |
| Fixed assets | 21/28 | €378,456 | €419,222 | +€40,766 | +10.8% |
| Tangible fixed assets | 22/27 | €378,456 | €419,222 | +€40,766 | +10.8% |
| Plant, machinery and equipment | 23 | €3,733 | €2,386 | -€1,347 | -36.1% |
| Furniture and vehicles | 24 | €10,554 | €65,766 | +€55,212 | +523% |
| Other tangible fixed assets | 26 | €364,170 | €351,071 | -€13,099 | -3.6% |
| Current assets | 29/58 | €108,001 | €36,892 | -€71,109 | -65.8% |
| Amounts receivable within one year | 40/41 | €18,453 | €18,731 | +€278 | +1.5% |
| Trade receivables | 40 | €18,453 | €15,536 | -€2,917 | -15.8% |
| Other amounts receivable | 41 | €0 | €3,195 | +€3,195 | |
| Cash at bank and in hand | 54/58 | €89,456 | €18,162 | -€71,294 | -79.7% |
| Deferred charges and accrued income | 490/1 | €92 | €0 | -€92 | -100% |
| Total equity and liabilities | 10/49 | €486,458 | €456,115 | -€30,343 | -6.2% |
| Equity | 10/15 | €186,486 | €176,285 | -€10,201 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,886 | €157,685 | -€10,201 | -6.1% |
| Tax-exempt reserves | 132 | €551 | €551 | = | 0.0% |
| Distributable reserves | 133 | €167,335 | €157,134 | -€10,201 | -6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €299,971 | €279,830 | -€20,142 | -6.7% |
| Amounts payable after more than one year | 17 | €220,186 | €192,574 | -€27,613 | -12.5% |
| Financial debts | 170/4 | €220,186 | €192,574 | -€27,613 | -12.5% |
| Amounts payable within one year | 42/48 | €79,270 | €84,724 | +€5,454 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €26,800 | €27,613 | +€813 | +3.0% |
| Trade debts | 44 | €3,076 | €1,024 | -€2,052 | -66.7% |
| Suppliers | 440/4 | €3,076 | €1,024 | -€2,052 | -66.7% |
| Taxes, remuneration and social security | 45 | €14,331 | €6,838 | -€7,493 | -52.3% |
| Taxes | 450/3 | €14,331 | €3,415 | -€10,915 | -76.2% |
| Remuneration and social security | 454/9 | - | €3,422 | +€3,422 | |
| Other amounts payable | 47/48 | €35,064 | €49,250 | +€14,186 | +40.5% |
| Accrued charges and deferred income | 492/3 | €515 | €2,532 | +€2,017 | +392% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,299 | €24,337 | -€961 | -3.8% |
| Other operating charges | 640/8 | €2,068 | €946 | -€1,122 | -54.3% |
| Gross operating margin | 9900 | €97,602 | €74,088 | -€23,514 | -24.1% |
| Operating profit (loss) | 9901 | €70,235 | €48,804 | -€21,431 | -30.5% |
| Financial income | 75/76B | €105 | €523 | +€418 | +398% |
| Recurring financial income | 75 | €105 | €523 | +€418 | +398% |
| Financial charges | 65/66B | €8,629 | €10,091 | +€1,462 | +16.9% |
| Recurring financial charges | 65 | €8,629 | €10,091 | +€1,462 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €61,711 | €39,237 | -€22,475 | -36.4% |
| Income taxes | 67/77 | €17,552 | €11,226 | -€6,326 | -36.0% |
| Profit (loss) for the period | 9904 | €44,159 | €28,010 | -€16,149 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,159 | €28,010 | -€16,149 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.