HOUPCO: 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.
HOUPCO
Largest movements
- Cash -€123,073
down €123,073 (-45.0%), from €273,246 to €150,173
mainly Net result for the year (-€71,132) and Investment in fixed assets (net) (-€66,578)
- Receivables within one year +€50,601
up €50,601 (+321%), from €15,780 to €66,381
of which Other amounts receivable: +€47,191
- Deferred charges and accrued income -€13,068
down €13,068 (-77.7%), from €16,815 to €3,747
- Profit (loss) carried forward -€71,132
down €71,132 (-495%), from -€14,366 to -€85,498
- Debts after one year -€28,739
down €28,739 (-31.2%), from €92,193 to €63,454
of which Financial debts: -€26,439
- Tax, wage and social debts +€15,616
up €15,616 (+115%), from €13,559 to €29,175
of which Remuneration and social security: +€8,478
- Staff costs +€36,703
up €36,703 (+45.8%), from €80,153 to €116,856
- Depreciation +€14,040
up €14,040 (+27.5%), from €51,106 to €65,146
- Financial charges +€5,661
up €5,661 (+79.5%), from €7,124 to €12,784
- Gross operating margin +€2,423
up €2,423 (+1.9%), from €130,047 to €132,470
- Other operating charges +€1,452
up €1,452 (+40.9%), from €3,548 to €4,999
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 | €674,249 | €593,300 | -€80,950 | -12.0% |
| Fixed assets | 21/28 | €358,099 | €359,531 | +€1,431 | +0.4% |
| Tangible fixed assets | 22/27 | €358,099 | €359,531 | +€1,431 | +0.4% |
| Land and buildings | 22 | €254,182 | €268,262 | +€14,081 | +5.5% |
| Plant, machinery and equipment | 23 | €43,691 | €45,713 | +€2,022 | +4.6% |
| Furniture and vehicles | 24 | €60,227 | €45,555 | -€14,672 | -24.4% |
| Current assets | 29/58 | €316,150 | €233,769 | -€82,381 | -26.1% |
| Stocks and contracts in progress | 3 | €10,309 | €13,468 | +€3,159 | +30.6% |
| Stocks | 30/36 | €10,309 | €13,468 | +€3,159 | +30.6% |
| Amounts receivable within one year | 40/41 | €15,780 | €66,381 | +€50,601 | +321% |
| Trade receivables | 40 | €1,840 | €5,250 | +€3,410 | +185% |
| Other amounts receivable | 41 | €13,940 | €61,131 | +€47,191 | +339% |
| Cash at bank and in hand | 54/58 | €273,246 | €150,173 | -€123,073 | -45.0% |
| Deferred charges and accrued income | 490/1 | €16,815 | €3,747 | -€13,068 | -77.7% |
| Total equity and liabilities | 10/49 | €674,249 | €593,300 | -€80,950 | -12.0% |
| Equity | 10/15 | €503,882 | €429,405 | -€74,477 | -14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €512,048 | €508,704 | -€3,344 | -0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €496,048 | €492,704 | -€3,344 | -0.7% |
| Profit (loss) carried forward | 14 | -€14,366 | -€85,498 | -€71,132 | -495% |
| Amounts payable | 17/49 | €170,367 | €163,894 | -€6,473 | -3.8% |
| Amounts payable after more than one year | 17 | €92,193 | €63,454 | -€28,739 | -31.2% |
| Financial debts | 170/4 | €89,893 | €63,454 | -€26,439 | -29.4% |
| Other amounts payable | 178/9 | €2,300 | €0 | -€2,300 | -100% |
| Amounts payable within one year | 42/48 | €78,174 | €98,251 | +€20,077 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €20,509 | €21,463 | +€953 | +4.6% |
| Trade debts | 44 | €44,106 | €45,434 | +€1,328 | +3.0% |
| Suppliers | 440/4 | €44,106 | €45,434 | +€1,328 | +3.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,559 | €29,175 | +€15,616 | +115% |
| Taxes | 450/3 | €3,753 | €10,891 | +€7,137 | +190% |
| Remuneration and social security | 454/9 | €9,806 | €18,284 | +€8,478 | +86.5% |
| Other amounts payable | 47/48 | €0 | €2,180 | +€2,180 | |
| Accrued charges and deferred income | 492/3 | - | €2,189 | +€2,189 | |
| Remuneration, social security and pensions | 62 | €80,153 | €116,856 | +€36,703 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,106 | €65,146 | +€14,040 | +27.5% |
| Other operating charges | 640/8 | €3,548 | €4,999 | +€1,452 | +40.9% |
| Non-recurring operating charges | 66A | - | €4,623 | +€4,623 | |
| Gross operating margin | 9900 | €130,047 | €132,470 | +€2,423 | +1.9% |
| Operating profit (loss) | 9901 | -€4,760 | -€59,155 | -€54,395 | -1,143% |
| Financial income | 75/76B | €2,149 | €1,266 | -€882 | -41.1% |
| Recurring financial income | 75 | €2,149 | €1,266 | -€882 | -41.1% |
| Financial charges | 65/66B | €7,124 | €12,784 | +€5,661 | +79.5% |
| Recurring financial charges | 65 | €7,124 | €12,784 | +€5,661 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,735 | -€70,673 | -€60,938 | -626% |
| Income taxes | 67/77 | €216 | €459 | +€243 | +112% |
| Profit (loss) for the period | 9904 | -€9,951 | -€71,132 | -€61,181 | -615% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,951 | -€71,132 | -€61,181 | -615% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.