HOUFFALIZE TRADING: 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.
What changed
HOUFFALIZE TRADING
NACE 46.712, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,998
2024 · €40,250-€10,252
Equity
€905,990
2024 · €875,992+€29,998
Cash
€36,020
2024 · €157,367-€121,347
Balance sheet total
€3.5m
2024 · €4.0m-€538,671
Largest movements
Assets
- Stocks and contracts -€354,575
down €354,575 (-20.0%), from €1.8m to €1.4m
- Cash -€121,347
down €121,347 (-77.1%), from €157,367 to €36,020
mainly Trade debts (-€321,748) and Debts after one year (-€297,723)
- Tangible fixed assets -€54,977
down €54,977 (-7.5%), from €733,625 to €678,648
of which Leasing and similar rights: -€51,200
Equity and liabilities
- Trade debts -€321,748
down €321,748 (-31.1%), from €1.0m to €711,805
- Debts after one year -€297,723
down €297,723 (-28.1%), from €1.1m to €761,599
Income statement
- Gross operating margin -€853,072
down €853,072 (-63.7%), from €1.3m to €486,476
- Write-downs -€739,867
down €739,867 (-92.6%), from €798,917 to €59,050
- Other operating charges -€54,229
down €54,229 (-91.0%), from €59,579 to €5,350
- Financial charges -€36,069
down €36,069 (-37.3%), from €96,617 to €60,548
- Taxes -€26,582
down €26,582 (-69.3%), from €38,345 to €11,763
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.
Result 2024
€40,250
Gross operating margin
-€853,072
Staff costs
-€14,997
Depreciation
+€81
Write-downs
+€739,867
Other operating charges
+€54,229
Other operating items
+€767
Financial income
+€222
Financial charges
+€36,069
Taxes
+€26,582
Result 2025
€29,998
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€147,800
Investment
-€10,271
Financing
-€258,876
Cash 2024
€157,367
From operations (derived)
+€147,800
Net result for the year
+€29,998
Depreciation
+€60,569
Stocks and contracts
+€354,575
Receivables within one year
+€17,366
Deferred charges and accrued income
-€4,915
Trade debts
-€321,748
Tax, wage and social debts
-€6,383
Advances received
+€36,000
Other debts
-€13,849
Accrued charges and deferred income
-€3,813
Investment (derived)
-€10,271
Investment in fixed assets (net)
-€10,271
Financing
-€258,876
Debts after one year
-€297,723
Current portion of long-term debt
+€38,847
Cash 2025
€36,020
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,024,650 | €3,485,979 | -€538,671 | -13.4% |
| Fixed assets | 21/28 | €744,110 | €693,812 | -€50,298 | -6.8% |
| Intangible fixed assets | 21 | €4,155 | €8,834 | +€4,679 | +113% |
| Tangible fixed assets | 22/27 | €733,625 | €678,648 | -€54,977 | -7.5% |
| Land and buildings | 22 | €3,544 | €1,641 | -€1,903 | -53.7% |
| Plant, machinery and equipment | 23 | €20,678 | €18,416 | -€2,262 | -10.9% |
| Furniture and vehicles | 24 | €2,001 | €2,389 | +€388 | +19.4% |
| Leasing and similar rights | 25 | €707,402 | €656,202 | -€51,200 | -7.2% |
| Financial fixed assets | 28 | €6,330 | €6,330 | = | 0.0% |
| Current assets | 29/58 | €3,280,540 | €2,792,167 | -€488,373 | -14.9% |
| Stocks and contracts in progress | 3 | €1,776,056 | €1,421,481 | -€354,575 | -20.0% |
| Stocks | 30/36 | €1,776,056 | €1,421,481 | -€354,575 | -20.0% |
| Amounts receivable within one year | 40/41 | €1,340,806 | €1,323,440 | -€17,366 | -1.3% |
| Trade receivables | 40 | €669,314 | €747,414 | +€78,100 | +11.7% |
| Other amounts receivable | 41 | €671,492 | €576,026 | -€95,466 | -14.2% |
| Cash at bank and in hand | 54/58 | €157,367 | €36,020 | -€121,347 | -77.1% |
| Deferred charges and accrued income | 490/1 | €6,311 | €11,226 | +€4,915 | +77.9% |
| Total equity and liabilities | 10/49 | €4,024,650 | €3,485,979 | -€538,671 | -13.4% |
| Equity | 10/15 | €875,992 | €905,990 | +€29,998 | +3.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €107,084 | €107,084 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €67,084 | €67,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | €368,908 | €398,906 | +€29,998 | +8.1% |
| Amounts payable | 17/49 | €3,148,658 | €2,579,989 | -€568,669 | -18.1% |
| Amounts payable after more than one year | 17 | €1,059,322 | €761,599 | -€297,723 | -28.1% |
| Financial debts | 170/4 | €1,059,322 | €761,599 | -€297,723 | -28.1% |
| Amounts payable within one year | 42/48 | €2,085,523 | €1,818,390 | -€267,133 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €269,311 | €308,158 | +€38,847 | +14.4% |
| Trade debts | 44 | €1,033,553 | €711,805 | -€321,748 | -31.1% |
| Suppliers | 440/4 | €1,033,553 | €711,805 | -€321,748 | -31.1% |
| Advances received on contracts in progress | 46 | €387,000 | €423,000 | +€36,000 | +9.3% |
| Taxes, remuneration and social security | 45 | €85,597 | €79,214 | -€6,383 | -7.5% |
| Taxes | 450/3 | €37,737 | €29,575 | -€8,162 | -21.6% |
| Remuneration and social security | 454/9 | €47,860 | €49,639 | +€1,779 | +3.7% |
| Other amounts payable | 47/48 | €310,062 | €296,213 | -€13,849 | -4.5% |
| Accrued charges and deferred income | 492/3 | €3,813 | - | -€3,813 | |
| Non-recurring operating income | 76A | €2,479 | - | -€2,479 | |
| Remuneration, social security and pensions | 62 | €253,093 | €268,090 | +€14,997 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,650 | €60,569 | -€81 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €798,917 | €59,050 | -€739,867 | -92.6% |
| Other operating charges | 640/8 | €59,579 | €5,350 | -€54,229 | -91.0% |
| Non-recurring operating charges | 66A | €767 | - | -€767 | |
| Gross operating margin | 9900 | €1,339,548 | €486,476 | -€853,072 | -63.7% |
| Operating profit (loss) | 9901 | €166,542 | €93,417 | -€73,125 | -43.9% |
| Financial income | 75/76B | €8,670 | €8,892 | +€222 | +2.6% |
| Recurring financial income | 75 | €8,670 | €8,892 | +€222 | +2.6% |
| Financial charges | 65/66B | €96,617 | €60,548 | -€36,069 | -37.3% |
| Recurring financial charges | 65 | €96,617 | €60,548 | -€36,069 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €78,595 | €41,761 | -€36,834 | -46.9% |
| Income taxes | 67/77 | €38,345 | €11,763 | -€26,582 | -69.3% |
| Profit (loss) for the period | 9904 | €40,250 | €29,998 | -€10,252 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,250 | €29,998 | -€10,252 | -25.5% |
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 28 October 2026 via checked.be.