HOUREZ CONSULT: 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.
HOUREZ CONSULT
Largest movements
- Receivables within one year +€260,788
up €260,788 (+71.1%), from €366,609 to €627,397
of which Trade receivables: +€321,125
- Cash +€236,187
up €236,187 (+294%), from €80,363 to €316,550
mainly Net result for the year (+€561,899) and Current portion of long-term debt (+€64,353)
- Receivables after one year +€60,181
new in 2025: €60,181
- Profit (loss) carried forward +€531,899
up €531,899, from -€275,937 to €255,962
- Debts after one year -€73,854
down €73,854 (-42.5%), from €173,854 to €100,000
of which Other amounts payable: -€70,000
- Current portion of long-term debt +€64,353
up €64,353 (+677%), from €9,501 to €73,854
- Trade debts -€43,994
down €43,994 (-31.4%), from €140,297 to €96,303
- Tax, wage and social debts +€41,193
up €41,193 (+9.0%), from €458,068 to €499,260
of which Taxes: +€72,095
- Gross operating margin +€1.4m
up €1.4m (+134%), from €1.1m to €2.5m
- Staff costs +€903,575
up €903,575 (+106%), from €852,381 to €1.8m
- Taxes +€133,321
up €133,321 (+12,591%), from €1,059 to €134,380
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 | €513,783 | €1,061,287 | +€547,504 | +107% |
| Fixed assets | 21/28 | €43,371 | €34,298 | -€9,073 | -20.9% |
| Tangible fixed assets | 22/27 | €38,520 | €29,447 | -€9,073 | -23.6% |
| Plant, machinery and equipment | 23 | €16,576 | €3,634 | -€12,942 | -78.1% |
| Furniture and vehicles | 24 | €21,944 | €25,812 | +€3,869 | +17.6% |
| Financial fixed assets | 28 | €4,851 | €4,851 | = | 0.0% |
| Current assets | 29/58 | €470,412 | €1,026,990 | +€556,578 | +118% |
| Amounts receivable after more than one year | 29 | - | €60,181 | +€60,181 | |
| Other amounts receivable | 291 | - | €60,181 | +€60,181 | |
| Amounts receivable within one year | 40/41 | €366,609 | €627,397 | +€260,788 | +71.1% |
| Trade receivables | 40 | €305,794 | €626,919 | +€321,125 | +105% |
| Other amounts receivable | 41 | €60,815 | €478 | -€60,337 | -99.2% |
| Cash at bank and in hand | 54/58 | €80,363 | €316,550 | +€236,187 | +294% |
| Deferred charges and accrued income | 490/1 | €23,440 | €22,862 | -€578 | -2.5% |
| Total equity and liabilities | 10/49 | €513,783 | €1,061,287 | +€547,504 | +107% |
| Equity | 10/15 | -€273,437 | €258,462 | +€531,899 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,937 | €255,962 | +€531,899 | |
| Amounts payable | 17/49 | €787,220 | €802,825 | +€15,605 | +2.0% |
| Amounts payable after more than one year | 17 | €173,854 | €100,000 | -€73,854 | -42.5% |
| Financial debts | 170/4 | €3,854 | - | -€3,854 | |
| Other amounts payable | 178/9 | €170,000 | €100,000 | -€70,000 | -41.2% |
| Amounts payable within one year | 42/48 | €611,486 | €701,977 | +€90,491 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €9,501 | €73,854 | +€64,353 | +677% |
| Trade debts | 44 | €140,297 | €96,303 | -€43,994 | -31.4% |
| Suppliers | 440/4 | €140,297 | €96,303 | -€43,994 | -31.4% |
| Taxes, remuneration and social security | 45 | €458,068 | €499,260 | +€41,193 | +9.0% |
| Taxes | 450/3 | €265,838 | €337,933 | +€72,095 | +27.1% |
| Remuneration and social security | 454/9 | €192,230 | €161,327 | -€30,903 | -16.1% |
| Other amounts payable | 47/48 | €3,620 | €32,560 | +€28,940 | +800% |
| Accrued charges and deferred income | 492/3 | €1,880 | €848 | -€1,032 | -54.9% |
| Remuneration, social security and pensions | 62 | €852,381 | €1,755,957 | +€903,575 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,890 | €25,380 | +€1,490 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,500 | +€8,500 | |
| Other operating charges | 640/8 | €34,114 | €11,005 | -€23,109 | -67.7% |
| Gross operating margin | 9900 | €1,070,482 | €2,506,454 | +€1.4m | +134% |
| Operating profit (loss) | 9901 | €160,097 | €705,611 | +€545,514 | +341% |
| Financial income | 75/76B | €1,184 | €1,523 | +€339 | +28.7% |
| Recurring financial income | 75 | €1,184 | €1,523 | +€339 | +28.7% |
| Financial charges | 65/66B | €22,101 | €10,856 | -€11,245 | -50.9% |
| Recurring financial charges | 65 | €22,101 | €10,856 | -€11,245 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €139,180 | €696,279 | +€557,099 | +400% |
| Income taxes | 67/77 | €1,059 | €134,380 | +€133,321 | +12,591% |
| Profit (loss) for the period | 9904 | €138,121 | €561,899 | +€423,778 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €138,121 | €561,899 | +€423,778 | +307% |
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 18 October 2026 via checked.be.