HOUCK: 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.
HOUCK
Largest movements
- Cash -€38,392
down €38,392 (-30.7%), from €125,192 to €86,800
mainly Contributions, distributions and other (-€114,030) and Other debts (-€27,026)
- Tangible fixed assets -€6,915
down €6,915 (-38.8%), from €17,810 to €10,895
of which Furniture and vehicles: -€6,368
- Receivables within one year +€3,025
up €3,025 (+15.6%), from €19,391 to €22,416
of which Other amounts receivable: +€5,141
- Other debts -€27,026
no longer reported in 2025 (was €27,026)
- Profit (loss) carried forward -€14,306
down €14,306 (-12.5%), from €114,030 to €99,724
- Debts after one year -€5,485
down €5,485 (-70.0%), from €7,835 to €2,350
- Tax, wage and social debts +€4,007
up €4,007 (+77.1%), from €5,199 to €9,207
- Gross operating margin +€47,455
up €47,455 (+49.3%), from €96,294 to €143,749
- Taxes +€12,136
up €12,136 (+52.3%), from €23,186 to €35,322
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 | €162,644 | €120,369 | -€42,275 | -26.0% |
| Fixed assets | 21/28 | €17,810 | €10,895 | -€6,915 | -38.8% |
| Tangible fixed assets | 22/27 | €17,810 | €10,895 | -€6,915 | -38.8% |
| Plant, machinery and equipment | 23 | €252 | - | -€252 | |
| Furniture and vehicles | 24 | €14,951 | €8,583 | -€6,368 | -42.6% |
| Other tangible fixed assets | 26 | €2,608 | €2,312 | -€296 | -11.3% |
| Current assets | 29/58 | €144,834 | €109,474 | -€35,360 | -24.4% |
| Amounts receivable within one year | 40/41 | €19,391 | €22,416 | +€3,025 | +15.6% |
| Trade receivables | 40 | €18,577 | €16,461 | -€2,116 | -11.4% |
| Other amounts receivable | 41 | €814 | €5,955 | +€5,141 | +631.6% |
| Cash at bank and in hand | 54/58 | €125,192 | €86,800 | -€38,392 | -30.7% |
| Deferred charges and accrued income | 490/1 | €250 | €257 | +€7 | +2.7% |
| Total equity and liabilities | 10/49 | €162,644 | €120,369 | -€42,275 | -26.0% |
| Equity | 10/15 | €116,530 | €102,224 | -€14,306 | -12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,030 | €99,724 | -€14,306 | -12.5% |
| Amounts payable | 17/49 | €46,114 | €18,144 | -€27,969 | -60.7% |
| Amounts payable after more than one year | 17 | €7,835 | €2,350 | -€5,485 | -70.0% |
| Financial debts | 170/4 | €7,835 | €2,350 | -€5,485 | -70.0% |
| Amounts payable within one year | 42/48 | €38,213 | €15,728 | -€22,485 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €5,275 | €5,485 | +€211 | +4.0% |
| Trade debts | 44 | €713 | €1,035 | +€323 | +45.3% |
| Suppliers | 440/4 | €713 | €1,035 | +€323 | +45.3% |
| Taxes, remuneration and social security | 45 | €5,199 | €9,207 | +€4,007 | +77.1% |
| Taxes | 450/3 | €5,199 | €9,207 | +€4,007 | +77.1% |
| Other amounts payable | 47/48 | €27,026 | - | -€27,026 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €133 | +€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,870 | €6,915 | -€954 | -12.1% |
| Other operating charges | 640/8 | €1,380 | €1,218 | -€162 | -11.8% |
| Gross operating margin | 9900 | €96,294 | €143,749 | +€47,455 | +49.3% |
| Operating profit (loss) | 9901 | €87,044 | €135,616 | +€48,572 | +55.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €772 | €570 | -€202 | -26.1% |
| Recurring financial charges | 65 | €772 | €570 | -€202 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €86,272 | €135,047 | +€48,775 | +56.5% |
| Income taxes | 67/77 | €23,186 | €35,322 | +€12,136 | +52.3% |
| Profit (loss) for the period | 9904 | €63,086 | €99,724 | +€36,638 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,086 | €99,724 | +€36,638 | +58.1% |
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 7 October 2026 via checked.be.