Hougar: 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.
Hougar
Largest movements
- Cash +€80,642
up €80,642 (+109.1%), from €73,901 to €154,542
mainly Other debts (+€77,143) and Net result for the year (+€58,210)
- Tangible fixed assets -€35,384
down €35,384 (-5.2%), from €686,218 to €650,834
- Profit (loss) carried forward -€77,143
down €77,143 (-6.3%), from €1.2m to €1.1m
- Other debts +€77,143
up €77,143 (+514.3%), from €15,000 to €92,143
- Reserves +€58,210
up €58,210 (+31.4%), from €185,363 to €243,574
of which Distributable reserves: +€58,210
- Gross operating margin +€9,840
up €9,840 (+7.0%), from €141,581 to €151,421
- Other operating charges +€2,800
up €2,800 (+6.2%), from €45,097 to €47,897
- Taxes +€2,607
up €2,607 (+10.6%), from €24,558 to €27,165
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 | €1,488,322 | €1,549,291 | +€60,969 | +4.1% |
| Fixed assets | 21/28 | €686,218 | €650,834 | -€35,384 | -5.2% |
| Tangible fixed assets | 22/27 | €686,218 | €650,834 | -€35,384 | -5.2% |
| Land and buildings | 22 | €686,218 | €650,834 | -€35,384 | -5.2% |
| Current assets | 29/58 | €802,104 | €898,457 | +€96,353 | +12.0% |
| Amounts receivable within one year | 40/41 | - | €3,056 | +€3,056 | |
| Other amounts receivable | 41 | - | €3,056 | +€3,056 | |
| Current investments | 50/53 | €700,000 | €712,116 | +€12,116 | +1.7% |
| Cash at bank and in hand | 54/58 | €73,901 | €154,542 | +€80,642 | +109.1% |
| Deferred charges and accrued income | 490/1 | €28,203 | €28,742 | +€539 | +1.9% |
| Total equity and liabilities | 10/49 | €1,488,322 | €1,549,291 | +€60,969 | +4.1% |
| Equity | 10/15 | €1,467,960 | €1,449,027 | -€18,932 | -1.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €185,363 | €243,574 | +€58,210 | +31.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €179,213 | €237,424 | +€58,210 | +32.5% |
| Profit (loss) carried forward | 14 | €1,221,096 | €1,143,954 | -€77,143 | -6.3% |
| Amounts payable | 17/49 | €20,362 | €100,264 | +€79,902 | +392.4% |
| Amounts payable within one year | 42/48 | €20,362 | €100,264 | +€79,902 | +392.4% |
| Trade debts | 44 | €809 | €1,149 | +€340 | +42.0% |
| Suppliers | 440/4 | €809 | €1,149 | +€340 | +42.0% |
| Taxes, remuneration and social security | 45 | €4,553 | €6,972 | +€2,419 | +53.1% |
| Taxes | 450/3 | €4,553 | €6,972 | +€2,419 | +53.1% |
| Other amounts payable | 47/48 | €15,000 | €92,143 | +€77,143 | +514.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,447 | €35,384 | -€1,063 | -2.9% |
| Other operating charges | 640/8 | €45,097 | €47,897 | +€2,800 | +6.2% |
| Gross operating margin | 9900 | €141,581 | €151,421 | +€9,840 | +7.0% |
| Operating profit (loss) | 9901 | €60,037 | €68,140 | +€8,103 | +13.5% |
| Financial income | 75/76B | €16,683 | €17,309 | +€626 | +3.8% |
| Recurring financial income | 75 | €16,683 | €17,309 | +€626 | +3.8% |
| Financial charges | 65/66B | -€462 | €74 | +€536 | |
| Recurring financial charges | 65 | -€462 | €74 | +€536 | |
| Profit (loss) for the period before taxes | 9903 | €77,183 | €85,375 | +€8,193 | +10.6% |
| Income taxes | 67/77 | €24,558 | €27,165 | +€2,607 | +10.6% |
| Profit (loss) for the period | 9904 | €52,625 | €58,210 | +€5,586 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,625 | €58,210 | +€5,586 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.