HOUPRESSE & COLLARD: what changed
HOUPRESSE & COLLARD
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Intangible fixed assets -€42,000
down €42,000 (-33.3%), from €126,000 to €84,000
- Cash -€34,700
down €34,700 (-11.0%), from €314,229 to €279,529
mainly Contributions, distributions and other (-€459,714) and Current investments (-€150,000)
- Receivables within one year +€19,919
up €19,919 (+20.2%), from €98,369 to €118,288
of which Trade receivables: +€22,184
- Other debts +€376,939
up €376,939 (+120%), from €314,914 to €691,853
- Contributions -€191,714
no longer reported in 2025 (was €191,714)
- Debts after one year -€124,063
down €124,063 (-13.1%), from €948,819 to €824,756
- Tax, wage and social debts +€106,257
up €106,257 (+174%), from €60,943 to €167,200
of which Taxes: +€102,904
- Reserves -€57,261
no longer reported in 2025 (was €57,261)
- Gross operating margin +€147,049
up €147,049 (+34.8%), from €422,588 to €569,637
- Other operating charges -€55,941
down €55,941 (-45.9%), from €121,778 to €65,837
- Taxes +€43,202
up €43,202 (+255%), from €16,973 to €60,174
- Staff costs +€21,600
up €21,600 (+14.3%), from €150,824 to €172,424
- Financial charges +€17,032
up €17,032 (+88.1%), from €19,323 to €36,355
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,761,579 | €1,842,860 | +€81,281 | +4.6% |
| Fixed assets | 21/28 | €1,348,020 | €1,295,043 | -€52,976 | -3.9% |
| Intangible fixed assets | 21 | €126,000 | €84,000 | -€42,000 | -33.3% |
| Tangible fixed assets | 22/27 | €322,020 | €311,043 | -€10,976 | -3.4% |
| Land and buildings | 22 | €277,558 | €265,981 | -€11,577 | -4.2% |
| Plant, machinery and equipment | 23 | €30,693 | €20,203 | -€10,490 | -34.2% |
| Furniture and vehicles | 24 | €12,269 | €23,360 | +€11,091 | +90.4% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €413,560 | €547,817 | +€134,257 | +32.5% |
| Amounts receivable within one year | 40/41 | €98,369 | €118,288 | +€19,919 | +20.2% |
| Trade receivables | 40 | €95,995 | €118,179 | +€22,184 | +23.1% |
| Other amounts receivable | 41 | €2,374 | €109 | -€2,265 | -95.4% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €314,229 | €279,529 | -€34,700 | -11.0% |
| Deferred charges and accrued income | 490/1 | €962 | - | -€962 | |
| Total equity and liabilities | 10/49 | €1,761,579 | €1,842,860 | +€81,281 | +4.6% |
| Equity | 10/15 | €302,303 | €3,154 | -€299,150 | -99.0% |
| Contributions | 10/11 | €191,714 | - | -€191,714 | |
| Reserves | 13 | €57,261 | - | -€57,261 | |
| Distributable reserves | 133 | €57,261 | - | -€57,261 | |
| Profit (loss) carried forward | 14 | €53,328 | €3,154 | -€50,174 | -94.1% |
| Amounts payable | 17/49 | €1,459,276 | €1,839,706 | +€380,430 | +26.1% |
| Amounts payable after more than one year | 17 | €948,819 | €824,756 | -€124,063 | -13.1% |
| Financial debts | 170/4 | €948,819 | €824,756 | -€124,063 | -13.1% |
| Amounts payable within one year | 42/48 | €508,302 | €1,011,534 | +€503,233 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €117,826 | €141,670 | +€23,844 | +20.2% |
| Trade debts | 44 | €14,619 | €10,812 | -€3,806 | -26.0% |
| Suppliers | 440/4 | €14,619 | €10,812 | -€3,806 | -26.0% |
| Taxes, remuneration and social security | 45 | €60,943 | €167,200 | +€106,257 | +174% |
| Taxes | 450/3 | €39,101 | €142,005 | +€102,904 | +263% |
| Remuneration and social security | 454/9 | €21,843 | €25,195 | +€3,353 | +15.3% |
| Other amounts payable | 47/48 | €314,914 | €691,853 | +€376,939 | +120% |
| Accrued charges and deferred income | 492/3 | €2,155 | €3,416 | +€1,261 | +58.5% |
| Remuneration, social security and pensions | 62 | €150,824 | €172,424 | +€21,600 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,744 | €75,672 | +€1,928 | +2.6% |
| Other operating charges | 640/8 | €121,778 | €65,837 | -€55,941 | -45.9% |
| Gross operating margin | 9900 | €422,588 | €569,637 | +€147,049 | +34.8% |
| Operating profit (loss) | 9901 | €76,242 | €255,704 | +€179,462 | +235% |
| Financial income | 75/76B | €1,143 | €1,389 | +€247 | +21.6% |
| Recurring financial income | 75 | €1,143 | €1,389 | +€247 | +21.6% |
| Financial charges | 65/66B | €19,323 | €36,355 | +€17,032 | +88.1% |
| Recurring financial charges | 65 | €19,323 | €36,355 | +€17,032 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €58,062 | €220,739 | +€162,676 | +280% |
| Income taxes | 67/77 | €16,973 | €60,174 | +€43,202 | +255% |
| Profit (loss) for the period | 9904 | €41,090 | €160,564 | +€119,475 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €41,090 | €160,564 | +€119,475 | +291% |
Next steps
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 4 November 2026 via checked.be.