HOUMAN: 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.
What changed
HOUMAN
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,249
2024 · €163,672-€159,422
Equity
€754,370
2024 · €750,120+€4,249
Cash
€68,917
2024 · €94,109-€25,192
Balance sheet total
€6.7m
2024 · €5.8m+€925,739
Largest movements
Assets
- Tangible fixed assets +€911,915
up €911,915 (+40.1%), from €2.3m to €3.2m
of which Land and buildings: +€1.0m
- Financial fixed assets +€88,840
up €88,840 (+8.3%), from €1.1m to €1.2m
- Stocks and contracts -€73,967
down €73,967 (-4.2%), from €1.8m to €1.7m
Equity and liabilities
- Trade debts +€357,289
up €357,289 (+20.4%), from €1.8m to €2.1m
- Debts after one year +€349,668
up €349,668 (+20.3%), from €1.7m to €2.1m
of which Financial debts: +€349,668
- Current portion of long-term debt +€146,160
up €146,160 (+80.1%), from €182,404 to €328,564
Income statement
- Gross operating margin -€322,065
down €322,065 (-21.4%), from €1.5m to €1.2m
- Staff costs -€109,317
down €109,317 (-13.0%), from €843,206 to €733,889
- Taxes -€69,596
down €69,596 (-94.7%), from €73,491 to €3,895
- Financial charges +€53,881
up €53,881 (+39.6%), from €136,087 to €189,967
of which Financial charges: +€51,452
- Other operating charges -€22,784
down €22,784 (-71.4%), from €31,897 to €9,113
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
€163,672
Gross operating margin
-€322,065
Staff costs
+€109,317
Depreciation
+€10,097
Other operating charges
+€22,784
Other operating items
+€200
Financial income
+€4,530
Financial charges
-€53,881
Taxes
+€69,596
Result 2025
€4,249
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.
From operations
+€706,611
Investment
-€1.2m
Financing
+€516,140
Cash 2024
€94,109
From operations (derived)
+€706,611
Net result for the year
+€4,249
Depreciation
+€247,188
Stocks and contracts
+€73,967
Receivables within one year
-€19,778
Deferred charges and accrued income
-€4,365
Trade debts
+€357,289
Tax, wage and social debts
+€60,280
Other debts
-€12,392
Accrued charges and deferred income
+€174
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€516,140
Debts after one year
+€349,668
Current portion of long-term debt
+€146,160
Short-term financial debts
+€20,311
Cash 2025
€68,917
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,802,208 | €6,727,947 | +€925,739 | +16.0% |
| Fixed assets | 21/28 | €3,342,916 | €4,343,672 | +€1.0m | +29.9% |
| Tangible fixed assets | 22/27 | €2,272,778 | €3,184,693 | +€911,915 | +40.1% |
| Land and buildings | 22 | €1,921,899 | €2,962,596 | +€1.0m | +54.1% |
| Plant, machinery and equipment | 23 | €73,527 | €67,313 | -€6,214 | -8.5% |
| Furniture and vehicles | 24 | €266,137 | €151,435 | -€114,702 | -43.1% |
| Leasing and similar rights | 25 | €11,215 | €3,349 | -€7,866 | -70.1% |
| Financial fixed assets | 28 | €1,070,138 | €1,158,979 | +€88,840 | +8.3% |
| Current assets | 29/58 | €2,459,292 | €2,384,275 | -€75,016 | -3.1% |
| Stocks and contracts in progress | 3 | €1,771,783 | €1,697,816 | -€73,967 | -4.2% |
| Stocks | 30/36 | €1,771,783 | €1,697,816 | -€73,967 | -4.2% |
| Amounts receivable within one year | 40/41 | €593,399 | €613,177 | +€19,778 | +3.3% |
| Trade receivables | 40 | €593,399 | €555,350 | -€38,049 | -6.4% |
| Other amounts receivable | 41 | - | €57,827 | +€57,827 | |
| Cash at bank and in hand | 54/58 | €94,109 | €68,917 | -€25,192 | -26.8% |
| Deferred charges and accrued income | 490/1 | - | €4,365 | +€4,365 | |
| Total equity and liabilities | 10/49 | €5,802,208 | €6,727,947 | +€925,739 | +16.0% |
| Equity | 10/15 | €750,120 | €754,370 | +€4,249 | +0.6% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Outside capital | 11 | €318,600 | €318,600 | = | 0.0% |
| Other | 1109/19 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €431,520 | €435,770 | +€4,249 | +1.0% |
| Distributable reserves | 133 | €431,520 | €435,770 | +€4,249 | +1.0% |
| Amounts payable | 17/49 | €5,052,088 | €5,973,577 | +€921,489 | +18.2% |
| Amounts payable after more than one year | 17 | €1,720,115 | €2,069,783 | +€349,668 | +20.3% |
| Financial debts | 170/4 | €1,693,799 | €2,043,468 | +€349,668 | +20.6% |
| Other amounts payable | 178/9 | €26,315 | €26,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,330,637 | €3,902,285 | +€571,647 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €182,404 | €328,564 | +€146,160 | +80.1% |
| Financial debts | 43 | €975,000 | €995,311 | +€20,311 | +2.1% |
| Credit institutions | 430/8 | €975,000 | €975,000 | = | 0.0% |
| Other loans | 439 | - | €20,311 | +€20,311 | |
| Trade debts | 44 | €1,752,233 | €2,109,521 | +€357,289 | +20.4% |
| Suppliers | 440/4 | €1,752,233 | €2,109,521 | +€357,289 | +20.4% |
| Advances received on contracts in progress | 46 | €35,000 | €35,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €122,003 | €182,283 | +€60,280 | +49.4% |
| Taxes | 450/3 | €122,003 | €182,283 | +€60,280 | +49.4% |
| Other amounts payable | 47/48 | €263,997 | €251,605 | -€12,392 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,336 | €1,510 | +€174 | +13.0% |
| Non-recurring operating income | 76A | €451,370 | €34,403 | -€416,968 | -92.4% |
| Remuneration, social security and pensions | 62 | €843,206 | €733,889 | -€109,317 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,285 | €247,188 | -€10,097 | -3.9% |
| Other operating charges | 640/8 | €31,897 | €9,113 | -€22,784 | -71.4% |
| Non-recurring operating charges | 66A | €200 | - | -€200 | |
| Gross operating margin | 9900 | €1,505,521 | €1,183,456 | -€322,065 | -21.4% |
| Operating profit (loss) | 9901 | €372,933 | €193,266 | -€179,667 | -48.2% |
| Financial income | 75/76B | €316 | €4,846 | +€4,530 | +1433.8% |
| Recurring financial income | 75 | €316 | €4,846 | +€4,530 | +1433.8% |
| Financial charges | 65/66B | €136,087 | €189,967 | +€53,881 | +39.6% |
| Recurring financial charges | 65 | €135,318 | €186,770 | +€51,452 | +38.0% |
| Non-recurring financial charges | 66B | €769 | €3,198 | +€2,429 | +315.9% |
| Profit (loss) for the period before taxes | 9903 | €237,163 | €8,145 | -€229,018 | -96.6% |
| Income taxes | 67/77 | €73,491 | €3,895 | -€69,596 | -94.7% |
| Profit (loss) for the period | 9904 | €163,672 | €4,249 | -€159,422 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €163,672 | €4,249 | -€159,422 | -97.4% |
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 3 October 2026 via checked.be.