HOUGOU: 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
HOUGOU
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€379,959
2023 · -€2.6m+€2.2m
Equity
€392.4m
2023 · €392.8m-€379,959
Cash
€10.8m
2023 · €5.8m+€5.1m
Balance sheet total
€413.9m
2023 · €434.8m-€21.0m
Largest movements
Assets
- Financial fixed assets -€15.3m
down €15.3m (-3.9%), from €397.2m to €381.9m
of which Other financial fixed assets: -€69.6m
- Receivables within one year -€10.7m
down €10.7m (-33.7%), from €31.9m to €21.1m
of which Other amounts receivable: -€10.8m
- Cash +€5.1m
up €5.1m (+87.9%), from €5.8m to €10.8m
mainly Investment in fixed assets (net) (+€15.3m) and Receivables within one year (+€10.7m)
Equity and liabilities
- Short-term financial debts -€10.7m
down €10.7m (-97.3%), from €11.0m to €300,000
- Other debts -€9.9m
down €9.9m (-33.4%), from €29.6m to €19.7m
Income statement
- Financial charges -€8.0m
down €8.0m (-85.6%), from €9.3m to €1.3m
of which Financial charges: -€6.7m
- Financial income -€5.1m
down €5.1m (-66.4%), from €7.6m to €2.6m
of which Non-recurring financial income: -€3.0m
- Provisions +€400,000
new in 2024: €400,000
- Services and other goods +€181,624
up €181,624 (+10.4%), from €1.8m to €1.9m
- Turnover -€92,538
down €92,538 (-8.9%), from €1.0m to €946,378
From the 2023 result to the 2024 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 2023
-€2.6m
Turnover
-€92,538
Other operating income
+€50,254
Services and other goods
-€181,624
Staff costs
-€66,866
Depreciation
+€933
Provisions
-€400,000
Other operating charges
+€2,951
Financial income
-€5.1m
Financial charges
+€8.0m
Taxes
+€503
Result 2024
-€379,959
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€519,544
Investment
+€15.3m
Financing
-€10.7m
Cash 2023
€5.8m
From operations (derived)
+€519,544
Net result for the year
-€379,959
Depreciation
+€746
Receivables within one year
+€10.7m
Provisions
+€400,000
Trade debts
-€72,340
Tax, wage and social debts
+€26,280
Other debts
-€9.9m
Accrued charges and deferred income
-€320,652
Investment (derived)
+€15.3m
Investment in fixed assets (net)
+€15.3m
Financing
-€10.7m
Short-term financial debts
-€10.7m
Cash 2024
€10.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,815,768 | €413,851,392 | -€21.0m | -4.8% |
| Fixed assets | 21/28 | €397,163,376 | €381,863,600 | -€15.3m | -3.9% |
| Tangible fixed assets | 22/27 | €2,856 | €3,709 | +€852 | +29.8% |
| Furniture and vehicles | 24 | €2,856 | €3,709 | +€852 | +29.8% |
| Financial fixed assets | 28 | €397,160,520 | €381,859,891 | -€15.3m | -3.9% |
| Affiliated companies | 280/1 | €327,152,071 | €381,443,869 | +€54.3m | +16.6% |
| Participating interests | 280 | €327,152,071 | €327,154,615 | +€2,544 | 0.0% |
| Amounts receivable | 281 | - | €54,289,254 | +€54.3m | |
| Other financial fixed assets | 284/8 | €70,008,449 | €416,023 | -€69.6m | -99.4% |
| Shares | 284 | €435,552 | €416,023 | -€19,529 | -4.5% |
| Amounts receivable and cash guarantees | 285/8 | €69,572,897 | - | -€69.6m | |
| Current assets | 29/58 | €37,652,392 | €31,987,792 | -€5.7m | -15.0% |
| Amounts receivable within one year | 40/41 | €31,880,092 | €21,140,285 | -€10.7m | -33.7% |
| Trade receivables | 40 | €4,417,793 | €4,441,128 | +€23,335 | +0.5% |
| Other amounts receivable | 41 | €27,462,299 | €16,699,157 | -€10.8m | -39.2% |
| Cash at bank and in hand | 54/58 | €5,772,300 | €10,847,507 | +€5.1m | +87.9% |
| Total equity and liabilities | 10/49 | €434,815,768 | €413,851,392 | -€21.0m | -4.8% |
| Equity | 10/15 | €392,795,869 | €392,415,910 | -€379,959 | -0.1% |
| Contributions | 10/11 | €393,000,000 | €393,000,000 | = | 0.0% |
| Capital | 10 | €393,000,000 | €393,000,000 | = | 0.0% |
| Issued capital | 100 | €393,000,000 | €393,000,000 | = | 0.0% |
| Reserves | 13 | €506,438 | €506,438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €506,438 | €506,438 | = | 0.0% |
| Legal reserve | 130 | €506,438 | €506,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€710,569 | -€1,090,528 | -€379,959 | -53.5% |
| Provisions and deferred taxes | 16 | - | €400,000 | +€400,000 | |
| Provisions for liabilities and charges | 160/5 | - | €400,000 | +€400,000 | |
| Other liabilities and charges | 164/5 | - | €400,000 | +€400,000 | |
| Amounts payable | 17/49 | €42,019,899 | €21,035,482 | -€21.0m | -49.9% |
| Amounts payable within one year | 42/48 | €41,699,248 | €21,035,482 | -€20.7m | -49.6% |
| Financial debts | 43 | €11,043,367 | €300,000 | -€10.7m | -97.3% |
| Other loans | 439 | €11,043,367 | €300,000 | -€10.7m | -97.3% |
| Trade debts | 44 | €1,025,893 | €953,553 | -€72,340 | -7.1% |
| Suppliers | 440/4 | €1,025,893 | €953,553 | -€72,340 | -7.1% |
| Taxes, remuneration and social security | 45 | €37,857 | €64,137 | +€26,280 | +69.4% |
| Taxes | 450/3 | €6,834 | €29,390 | +€22,556 | +330% |
| Remuneration and social security | 454/9 | €31,023 | €34,747 | +€3,724 | +12.0% |
| Other amounts payable | 47/48 | €29,592,130 | €19,717,792 | -€9.9m | -33.4% |
| Accrued charges and deferred income | 492/3 | €320,652 | - | -€320,652 | |
| Operating income | 70/76A | €1,064,485 | €1,022,201 | -€42,284 | -4.0% |
| Turnover | 70 | €1,038,916 | €946,378 | -€92,538 | -8.9% |
| Other operating income | 74 | €25,569 | €75,823 | +€50,254 | +197% |
| Operating charges | 60/66A | €1,967,599 | €2,612,206 | +€644,607 | +32.8% |
| Services and other goods | 61 | €1,754,660 | €1,936,284 | +€181,624 | +10.4% |
| Remuneration, social security and pensions | 62 | €207,330 | €274,196 | +€66,866 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €746 | -€933 | -55.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €400,000 | +€400,000 | |
| Other operating charges | 640/8 | €3,930 | €980 | -€2,951 | -75.1% |
| Operating profit (loss) | 9901 | -€903,114 | -€1,590,005 | -€686,890 | -76.1% |
| Financial income | 75/76B | €7,610,565 | €2,553,671 | -€5.1m | -66.4% |
| Recurring financial income | 75 | €4,587,243 | €2,553,671 | -€2.0m | -44.3% |
| Income from financial fixed assets | 750 | €633,000 | €526 | -€632,474 | -99.9% |
| Income from current assets | 751 | €3,935,929 | €2,551,681 | -€1.4m | -35.2% |
| Other financial income | 752/9 | €18,314 | €1,464 | -€16,850 | -92.0% |
| Non-recurring financial income | 76B | €3,023,322 | - | -€3.0m | |
| Financial charges | 65/66B | €9,318,694 | €1,343,625 | -€8.0m | -85.6% |
| Recurring financial charges | 65 | €7,785,308 | €1,097,559 | -€6.7m | -85.9% |
| Debt charges | 650 | €1,030,349 | €913,218 | -€117,132 | -11.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €6,691,259 | - | -€6.7m | |
| Other financial charges | 652/9 | €63,700 | €184,342 | +€120,642 | +189% |
| Non-recurring financial charges | 66B | €1,533,386 | €246,066 | -€1.3m | -84.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,611,244 | -€379,959 | +€2.2m | +85.4% |
| Income taxes | 67/77 | €503 | - | -€503 | |
| Taxes | 670/3 | €503 | - | -€503 | |
| Profit (loss) for the period | 9904 | -€2,611,748 | -€379,959 | +€2.2m | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,611,748 | -€379,959 | +€2.2m | +85.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.