Houd: 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.
Houd
Largest movements
- Intangible fixed assets -€3,611
down €3,611 (-85.6%), from €4,219 to €607
- Cash -€1,001
down €1,001 (-96.3%), from €1,039 to €38
mainly Net result for the year (-€6,337) and Receivables within one year (-€937)
- Receivables within one year +€937
up €937 (+42.4%), from €2,207 to €3,144
of which Trade receivables: +€847
- Tangible fixed assets -€688
down €688 (-70.3%), from €978 to €290
- Profit (loss) carried forward -€6,337
down €6,337 (-23.4%), from -€27,072 to -€33,410
- Other debts +€2,899
up €2,899 (+220.2%), from €1,317 to €4,215
- Tax, wage and social debts -€912
down €912 (-100.0%), from €912 to €0
- Gross operating margin +€17,332
up €17,332 (+95.1%), from -€18,216 to -€884
- Depreciation -€3,720
down €3,720 (-46.4%), from €8,019 to €4,299
- Other operating charges +€198
up €198 (+30.1%), from €655 to €853
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 | €8,443 | €4,080 | -€4,363 | -51.7% |
| Fixed assets | 21/28 | €5,197 | €898 | -€4,299 | -82.7% |
| Intangible fixed assets | 21 | €4,219 | €607 | -€3,611 | -85.6% |
| Tangible fixed assets | 22/27 | €978 | €290 | -€688 | -70.3% |
| Plant, machinery and equipment | 23 | €978 | €290 | -€688 | -70.3% |
| Current assets | 29/58 | €3,246 | €3,182 | -€64 | -2.0% |
| Amounts receivable within one year | 40/41 | €2,207 | €3,144 | +€937 | +42.4% |
| Trade receivables | 40 | €2,207 | €3,054 | +€847 | +38.4% |
| Other amounts receivable | 41 | - | €90 | +€90 | |
| Cash at bank and in hand | 54/58 | €1,039 | €38 | -€1,001 | -96.3% |
| Total equity and liabilities | 10/49 | €8,443 | €4,080 | -€4,363 | -51.7% |
| Equity | 10/15 | -€12,072 | -€18,410 | -€6,337 | -52.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,072 | -€33,410 | -€6,337 | -23.4% |
| Amounts payable | 17/49 | €20,515 | €22,489 | +€1,975 | +9.6% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,515 | €7,489 | +€1,975 | +35.8% |
| Trade debts | 44 | €3,286 | €3,274 | -€13 | -0.4% |
| Suppliers | 440/4 | €3,286 | €3,274 | -€13 | -0.4% |
| Taxes, remuneration and social security | 45 | €912 | €0 | -€912 | -100.0% |
| Taxes | 450/3 | €912 | €0 | -€912 | -100.0% |
| Other amounts payable | 47/48 | €1,317 | €4,215 | +€2,899 | +220.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,019 | €4,299 | -€3,720 | -46.4% |
| Other operating charges | 640/8 | €655 | €853 | +€198 | +30.1% |
| Gross operating margin | 9900 | -€18,216 | -€884 | +€17,332 | +95.1% |
| Operating profit (loss) | 9901 | -€26,891 | -€6,036 | +€20,854 | +77.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €182 | €301 | +€120 | +65.9% |
| Recurring financial charges | 65 | €182 | €301 | +€120 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,072 | -€6,337 | +€20,735 | +76.6% |
| Profit (loss) for the period | 9904 | -€27,072 | -€6,337 | +€20,735 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,072 | -€6,337 | +€20,735 | +76.6% |
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.