HOUMUZAS: 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.
HOUMUZAS
Largest movements
- Receivables within one year +€2,969
up €2,969 (+188%), from €1,575 to €4,544
of which Trade receivables: +€2,862
- Cash +€2,763
up €2,763 (+13.9%), from €19,944 to €22,707
mainly Net result for the year (+€7,924) and Trade debts (+€2,253)
- Tangible fixed assets +€647
up €647 (+25.8%), from €2,506 to €3,153
of which Furniture and vehicles: +€1,137
- Profit (loss) carried forward +€7,924
up €7,924 (+89.9%), from -€8,818 to -€894
- Other debts -€3,783
no longer reported in 2025 (was €3,783)
- Trade debts +€2,253
new in 2025: €2,253
- Taxes +€2,711
up €2,711 (+1,934%), from €140 to €2,851
- Depreciation -€2,373
down €2,373 (-69.8%), from €3,402 to €1,029
- Gross operating margin +€1,859
up €1,859 (+17.5%), from €10,639 to €12,498
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 | €24,647 | €31,039 | +€6,392 | +25.9% |
| Fixed assets | 21/28 | €2,506 | €3,153 | +€647 | +25.8% |
| Tangible fixed assets | 22/27 | €2,506 | €3,153 | +€647 | +25.8% |
| Plant, machinery and equipment | 23 | €810 | €320 | -€490 | -60.5% |
| Furniture and vehicles | 24 | €1,695 | €2,833 | +€1,137 | +67.1% |
| Current assets | 29/58 | €22,141 | €27,886 | +€5,745 | +25.9% |
| Amounts receivable within one year | 40/41 | €1,575 | €4,544 | +€2,969 | +188% |
| Trade receivables | 40 | €335 | €3,197 | +€2,862 | +854% |
| Other amounts receivable | 41 | €1,240 | €1,347 | +€107 | +8.6% |
| Cash at bank and in hand | 54/58 | €19,944 | €22,707 | +€2,763 | +13.9% |
| Deferred charges and accrued income | 490/1 | €622 | €635 | +€13 | +2.1% |
| Total equity and liabilities | 10/49 | €24,647 | €31,039 | +€6,392 | +25.9% |
| Equity | 10/15 | €15,932 | €23,856 | +€7,924 | +49.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €17,250 | €17,250 | = | 0.0% |
| Distributable reserves | 133 | €17,250 | €17,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,818 | -€894 | +€7,924 | +89.9% |
| Amounts payable | 17/49 | €8,715 | €7,183 | -€1,532 | -17.6% |
| Amounts payable within one year | 42/48 | €6,717 | €5,001 | -€1,717 | -25.6% |
| Trade debts | 44 | - | €2,253 | +€2,253 | |
| Suppliers | 440/4 | - | €2,253 | +€2,253 | |
| Taxes, remuneration and social security | 45 | €2,934 | €2,748 | -€186 | -6.4% |
| Taxes | 450/3 | €2,934 | €2,748 | -€186 | -6.4% |
| Other amounts payable | 47/48 | €3,783 | - | -€3,783 | |
| Accrued charges and deferred income | 492/3 | €1,997 | €2,182 | +€185 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €1,029 | -€2,373 | -69.8% |
| Other operating charges | 640/8 | €709 | €714 | +€5 | +0.7% |
| Non-recurring operating charges | 66A | €127 | - | -€127 | |
| Gross operating margin | 9900 | €10,639 | €12,498 | +€1,859 | +17.5% |
| Operating profit (loss) | 9901 | €6,400 | €10,755 | +€4,355 | +68.0% |
| Financial income | 75/76B | €12 | €65 | +€53 | +438% |
| Recurring financial income | 75 | €12 | €65 | +€53 | +438% |
| Financial charges | 65/66B | €109 | €45 | -€64 | -58.5% |
| Recurring financial charges | 65 | €109 | €45 | -€64 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €6,304 | €10,775 | +€4,471 | +70.9% |
| Income taxes | 67/77 | €140 | €2,851 | +€2,711 | +1,934% |
| Profit (loss) for the period | 9904 | €6,164 | €7,924 | +€1,760 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,164 | €7,924 | +€1,760 | +28.6% |
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 17 October 2026 via checked.be.