HOUPLINE: what changed
What changed
HOUPLINE
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€4,820
2024 · €10,595-€5,775
Equity
€379,200
2024 · €374,380+€4,820
Cash
€157,296
2024 · €199,282-€41,986
Balance sheet total
€589,705
2024 · €591,834-€2,130
Largest movements
Assets
- Receivables within one year +€68,293
up €68,293 (+55.6%), from €122,782 to €191,075
of which Trade receivables: +€67,162
- Cash -€41,986
down €41,986 (-21.1%), from €199,282 to €157,296
mainly Receivables within one year (-€68,293) and Debts after one year (-€20,138)
- Stocks and contracts -€27,259
down €27,259 (-37.9%), from €71,903 to €44,643
of which Contracts in progress: -€29,651
Equity and liabilities
- Debts after one year -€20,138
down €20,138 (-34.3%), from €58,787 to €38,648
- Trade debts +€15,588
up €15,588 (+42.0%), from €37,153 to €52,741
Income statement
- Staff costs +€6,151
up €6,151 (+5.5%), from €110,968 to €117,119
- Gross operating margin +€3,351
up €3,351 (+2.2%), from €150,653 to €154,004
- Depreciation +€2,519
up €2,519 (+17.7%), from €14,225 to €16,744
- Taxes -€2,502
down €2,502 (-53.4%), from €4,687 to €2,186
- Financial charges +€1,753
up €1,753 (+22.2%), from €7,904 to €9,658
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,595
Gross operating margin
+€3,351
Staff costs
-€6,151
Depreciation
-€2,519
Other operating charges
-€474
Financial income
-€731
Financial charges
-€1,753
Taxes
+€2,502
Result 2025
€4,820
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6,075
Investment
-€16,411
Financing
-€19,500
Cash 2024
€199,282
From operations (derived)
-€6,075
Net result for the year
+€4,820
Depreciation
+€16,744
Stocks and contracts
+€27,259
Receivables within one year
-€68,293
Deferred charges and accrued income
+€844
Trade debts
+€15,588
Tax, wage and social debts
+€1,635
Advances received
+€821
Other debts
-€5,463
Accrued charges and deferred income
-€31
Investment (derived)
-€16,411
Investment in fixed assets (net)
-€16,411
Financing
-€19,500
Debts after one year
-€20,138
Current portion of long-term debt
+€638
Cash 2025
€157,296
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,834 | €589,705 | -€2,130 | -0.4% |
| Fixed assets | 21/28 | €195,829 | €195,496 | -€333 | -0.2% |
| Tangible fixed assets | 22/27 | €195,618 | €195,285 | -€333 | -0.2% |
| Land and buildings | 22 | €190,968 | €179,960 | -€11,009 | -5.8% |
| Plant, machinery and equipment | 23 | €4,568 | €5,673 | +€1,105 | +24.2% |
| Furniture and vehicles | 24 | €82 | €9,653 | +€9,571 | +11,718% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €396,006 | €394,209 | -€1,797 | -0.5% |
| Stocks and contracts in progress | 3 | €71,903 | €44,643 | -€27,259 | -37.9% |
| Stocks | 30/36 | €26,600 | €28,992 | +€2,392 | +9.0% |
| Contracts in progress | 37 | €45,303 | €15,651 | -€29,651 | -65.5% |
| Amounts receivable within one year | 40/41 | €122,782 | €191,075 | +€68,293 | +55.6% |
| Trade receivables | 40 | €116,099 | €183,261 | +€67,162 | +57.8% |
| Other amounts receivable | 41 | €6,683 | €7,814 | +€1,131 | +16.9% |
| Cash at bank and in hand | 54/58 | €199,282 | €157,296 | -€41,986 | -21.1% |
| Deferred charges and accrued income | 490/1 | €2,039 | €1,194 | -€844 | -41.4% |
| Total equity and liabilities | 10/49 | €591,834 | €589,705 | -€2,130 | -0.4% |
| Equity | 10/15 | €374,380 | €379,200 | +€4,820 | +1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €15,129 | €15,129 | = | 0.0% |
| Reserves | 13 | €346,851 | €351,671 | +€4,820 | +1.4% |
| Distributable reserves | 133 | €346,851 | €351,671 | +€4,820 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €217,454 | €210,505 | -€6,949 | -3.2% |
| Amounts payable after more than one year | 17 | €58,787 | €38,648 | -€20,138 | -34.3% |
| Financial debts | 170/4 | €58,787 | €38,648 | -€20,138 | -34.3% |
| Amounts payable within one year | 42/48 | €158,636 | €171,856 | +€13,220 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €19,500 | €20,138 | +€638 | +3.3% |
| Trade debts | 44 | €37,153 | €52,741 | +€15,588 | +42.0% |
| Suppliers | 440/4 | €37,153 | €52,741 | +€15,588 | +42.0% |
| Advances received on contracts in progress | 46 | - | €821 | +€821 | |
| Taxes, remuneration and social security | 45 | €29,120 | €30,755 | +€1,635 | +5.6% |
| Taxes | 450/3 | €13,922 | €13,027 | -€896 | -6.4% |
| Remuneration and social security | 454/9 | €15,198 | €17,729 | +€2,531 | +16.7% |
| Other amounts payable | 47/48 | €72,864 | €67,401 | -€5,463 | -7.5% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100% |
| Remuneration, social security and pensions | 62 | €110,968 | €117,119 | +€6,151 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,225 | €16,744 | +€2,519 | +17.7% |
| Other operating charges | 640/8 | €3,299 | €3,774 | +€474 | +14.4% |
| Gross operating margin | 9900 | €150,653 | €154,004 | +€3,351 | +2.2% |
| Operating profit (loss) | 9901 | €22,161 | €16,368 | -€5,793 | -26.1% |
| Financial income | 75/76B | €1,026 | €295 | -€731 | -71.2% |
| Recurring financial income | 75 | €1,026 | €295 | -€731 | -71.2% |
| Financial charges | 65/66B | €7,904 | €9,658 | +€1,753 | +22.2% |
| Recurring financial charges | 65 | €7,904 | €9,658 | +€1,753 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €15,282 | €7,006 | -€8,277 | -54.2% |
| Income taxes | 67/77 | €4,687 | €2,186 | -€2,502 | -53.4% |
| Profit (loss) for the period | 9904 | €10,595 | €4,820 | -€5,775 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,595 | €4,820 | -€5,775 | -54.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.