HOULECAMEXPRESS: 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.
HOULECAMEXPRESS
Largest movements
- Stocks and contracts +€138,001
new in 2025: €138,001
- Receivables within one year +€89,378
up €89,378 (+565%), from €15,812 to €105,190
of which Trade receivables: +€86,803
- Cash +€6,760
up €6,760 (+158%), from €4,280 to €11,040
mainly Trade debts (+€142,028) and Net result for the year (+€78,456)
- Trade debts +€142,028
up €142,028 (+383%), from €37,059 to €179,087
- Profit (loss) carried forward +€78,456
up €78,456, from -€14,366 to €64,090
- Other debts +€7,273
new in 2025: €7,273
- Advances received +€6,001
up €6,001 (+600%), from €1,000 to €7,001
- Gross operating margin +€95,983
up €95,983, from -€16,822 to €79,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,343 | €261,884 | +€234,541 | +858% |
| Formation expenses | 20 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €25,343 | €259,884 | +€234,541 | +925% |
| Stocks and contracts in progress | 3 | - | €138,001 | +€138,001 | |
| Stocks | 30/36 | - | €138,001 | +€138,001 | |
| Amounts receivable within one year | 40/41 | €15,812 | €105,190 | +€89,378 | +565% |
| Trade receivables | 40 | €14,707 | €101,510 | +€86,803 | +590% |
| Other amounts receivable | 41 | €1,105 | €3,680 | +€2,575 | +233% |
| Cash at bank and in hand | 54/58 | €4,280 | €11,040 | +€6,760 | +158% |
| Deferred charges and accrued income | 490/1 | €5,251 | €5,653 | +€402 | +7.7% |
| Total equity and liabilities | 10/49 | €27,343 | €261,884 | +€234,541 | +858% |
| Equity | 10/15 | -€11,866 | €66,590 | +€78,456 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,366 | €64,090 | +€78,456 | |
| Amounts payable | 17/49 | €39,209 | €195,294 | +€156,085 | +398% |
| Amounts payable within one year | 42/48 | €39,209 | €195,294 | +€156,085 | +398% |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €37,059 | €179,087 | +€142,028 | +383% |
| Suppliers | 440/4 | €37,059 | €179,087 | +€142,028 | +383% |
| Advances received on contracts in progress | 46 | €1,000 | €7,001 | +€6,001 | +600% |
| Taxes, remuneration and social security | 45 | €1,141 | €1,933 | +€792 | +69.4% |
| Taxes | 450/3 | €1,141 | €1,933 | +€792 | +69.4% |
| Other amounts payable | 47/48 | - | €7,273 | +€7,273 | |
| Other operating charges | 640/8 | €108 | €210 | +€102 | +94.4% |
| Gross operating margin | 9900 | -€16,822 | €79,161 | +€95,983 | |
| Operating profit (loss) | 9901 | -€16,930 | €78,951 | +€95,881 | |
| Financial charges | 65/66B | €224 | €495 | +€271 | +121% |
| Recurring financial charges | 65 | €224 | €495 | +€271 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€17,154 | €78,456 | +€95,610 | |
| Profit (loss) for the period | 9904 | -€17,154 | €78,456 | +€95,610 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,154 | €78,456 | +€95,610 |
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 30 October 2026 via checked.be.