HOUD EXPRESS: 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 EXPRESS
Largest movements
- Cash +€8,557
up €8,557 (+661.5%), from €1,293 to €9,850
mainly Depreciation (+€5,137) and Tax, wage and social debts (+€1,916)
- Tangible fixed assets -€5,723
down €5,723 (-30.0%), from €19,081 to €13,358
- Deferred charges and accrued income +€754
new in 2025: €754
- Tax, wage and social debts +€1,916
up €1,916 (+24.1%), from €7,945 to €9,861
of which Remuneration and social security: +€1,875
- Profit (loss) carried forward +€1,830
up €1,830 (+17.4%), from €10,516 to €12,346
- Other debts -€680
down €680 (-39.4%), from €1,727 to €1,047
- Advances received +€300
new in 2025: €300
- Gross operating margin +€10,017
up €10,017 (+32.0%), from €31,315 to €41,332
- Staff costs +€4,927
up €4,927 (+18.2%), from €27,043 to €31,970
- Other operating charges +€700
up €700 (+75.4%), from €928 to €1,628
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 | €20,549 | €24,113 | +€3,563 | +17.3% |
| Fixed assets | 21/28 | €19,231 | €13,508 | -€5,723 | -29.8% |
| Tangible fixed assets | 22/27 | €19,081 | €13,358 | -€5,723 | -30.0% |
| Furniture and vehicles | 24 | €19,081 | €13,358 | -€5,723 | -30.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,318 | €10,604 | +€9,286 | +704.4% |
| Amounts receivable within one year | 40/41 | €25 | - | -€25 | |
| Other amounts receivable | 41 | €25 | - | -€25 | |
| Cash at bank and in hand | 54/58 | €1,293 | €9,850 | +€8,557 | +661.5% |
| Deferred charges and accrued income | 490/1 | - | €754 | +€754 | |
| Total equity and liabilities | 10/49 | €20,549 | €24,113 | +€3,563 | +17.3% |
| Equity | 10/15 | €10,800 | €12,630 | +€1,830 | +16.9% |
| Reserves | 13 | €284 | €284 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €284 | €284 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €284 | €284 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €10,516 | €12,346 | +€1,830 | +17.4% |
| Amounts payable | 17/49 | €9,749 | €11,482 | +€1,733 | +17.8% |
| Amounts payable within one year | 42/48 | €9,749 | €11,482 | +€1,733 | +17.8% |
| Trade debts | 44 | €78 | €275 | +€197 | +252.7% |
| Suppliers | 440/4 | €78 | €275 | +€197 | +252.7% |
| Advances received on contracts in progress | 46 | - | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €7,945 | €9,861 | +€1,916 | +24.1% |
| Taxes | 450/3 | - | €41 | +€41 | |
| Remuneration and social security | 454/9 | €7,945 | €9,820 | +€1,875 | +23.6% |
| Other amounts payable | 47/48 | €1,727 | €1,047 | -€680 | -39.4% |
| Remuneration, social security and pensions | 62 | €27,043 | €31,970 | +€4,927 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,159 | €5,137 | -€22 | -0.4% |
| Other operating charges | 640/8 | €928 | €1,628 | +€700 | +75.4% |
| Non-recurring operating charges | 66A | - | €586 | +€586 | |
| Gross operating margin | 9900 | €31,315 | €41,332 | +€10,017 | +32.0% |
| Operating profit (loss) | 9901 | -€1,816 | €2,010 | +€3,826 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €163 | €180 | +€17 | +10.4% |
| Recurring financial charges | 65 | €163 | €180 | +€17 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,979 | €1,830 | +€3,809 | |
| Profit (loss) for the period | 9904 | -€1,979 | €1,830 | +€3,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,979 | €1,830 | +€3,809 |
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 30 September 2026 via checked.be.