HOUPE & BLAVIER: 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.
HOUPE & BLAVIER
Largest movements
- Tangible fixed assets -€27,821
down €27,821 (-2.5%), from €1.1m to €1.1m
of which Land and buildings: -€18,559
- Cash -€11,125
down €11,125 (-61.1%), from €18,211 to €7,087
mainly Debts after one year (-€31,883) and Investment in fixed assets (net) (-€22,993)
- Debts after one year -€31,883
down €31,883 (-5.1%), from €629,176 to €597,293
of which Financial debts: -€25,883
- Gross operating margin -€3,315
down €3,315 (-5.1%), from €65,541 to €62,226
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,111,264 | €1,072,480 | -€38,785 | -3.5% |
| Fixed assets | 21/28 | €1,092,043 | €1,064,222 | -€27,821 | -2.5% |
| Tangible fixed assets | 22/27 | €1,092,043 | €1,064,222 | -€27,821 | -2.5% |
| Land and buildings | 22 | €1,061,824 | €1,043,265 | -€18,559 | -1.7% |
| Furniture and vehicles | 24 | €30,219 | €20,957 | -€9,262 | -30.6% |
| Current assets | 29/58 | €19,221 | €8,257 | -€10,964 | -57.0% |
| Amounts receivable within one year | 40/41 | €1,010 | €1,171 | +€161 | +15.9% |
| Other amounts receivable | 41 | €1,010 | €1,171 | +€161 | +15.9% |
| Cash at bank and in hand | 54/58 | €18,211 | €7,087 | -€11,125 | -61.1% |
| Total equity and liabilities | 10/49 | €1,111,264 | €1,072,480 | -€38,785 | -3.5% |
| Equity | 10/15 | €432,782 | €430,850 | -€1,932 | -0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €364,135 | €364,135 | = | 0.0% |
| Reserves | 13 | €2,422 | €2,422 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,422 | €2,422 | = | 0.0% |
| Legal reserve | 130 | €2,422 | €2,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,225 | €2,293 | -€1,932 | -45.7% |
| Amounts payable | 17/49 | €678,482 | €641,630 | -€36,852 | -5.4% |
| Amounts payable after more than one year | 17 | €629,176 | €597,293 | -€31,883 | -5.1% |
| Financial debts | 170/4 | €86,720 | €60,837 | -€25,883 | -29.8% |
| Other amounts payable | 178/9 | €542,456 | €536,456 | -€6,000 | -1.1% |
| Amounts payable within one year | 42/48 | €44,962 | €40,083 | -€4,879 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €25,057 | €25,883 | +€826 | +3.3% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Advances received on contracts in progress | 46 | €2,447 | €2,142 | -€304 | -12.4% |
| Taxes, remuneration and social security | 45 | €71 | €57 | -€14 | -19.6% |
| Taxes | 450/3 | €71 | €57 | -€14 | -19.6% |
| Other amounts payable | 47/48 | €17,000 | €12,000 | -€5,000 | -29.4% |
| Accrued charges and deferred income | 492/3 | €4,344 | €4,254 | -€90 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,384 | €50,814 | +€429 | +0.9% |
| Other operating charges | 640/8 | €9,401 | €9,698 | +€297 | +3.2% |
| Gross operating margin | 9900 | €65,541 | €62,226 | -€3,315 | -5.1% |
| Operating profit (loss) | 9901 | €5,755 | €1,714 | -€4,040 | -70.2% |
| Financial income | 75/76B | €10 | €55 | +€45 | +445% |
| Recurring financial income | 75 | €10 | €55 | +€45 | +445% |
| Financial charges | 65/66B | €3,743 | €3,628 | -€115 | -3.1% |
| Recurring financial charges | 65 | €3,743 | €3,628 | -€115 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €2,022 | -€1,859 | -€3,880 | |
| Income taxes | 67/77 | €91 | €74 | -€18 | -19.4% |
| Profit (loss) for the period | 9904 | €1,930 | -€1,932 | -€3,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,930 | -€1,932 | -€3,863 |
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 25 October 2026 via checked.be.