HOUSELEC: 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.
HOUSELEC
Largest movements
- Intangible fixed assets +€90,603
new in 2025: €90,603
- Receivables within one year -€7,619
down €7,619 (-54.7%), from €13,936 to €6,317
of which Other amounts receivable: -€5,982
- Cash -€3,578
down €3,578 (-30.7%), from €11,667 to €8,089
mainly Investment in fixed assets (net) (-€100,000) and Other debts (-€1,992)
- Trade debts +€49,792
up €49,792 (+147.6%), from €33,740 to €83,532
- Profit (loss) carried forward +€26,264
up €26,264, from -€13,854 to €12,410
- Tax, wage and social debts +€4,633
up €4,633 (+2191.1%), from €211 to €4,844
of which Taxes: +€4,093
- Other debts -€1,992
down €1,992 (-71.6%), from €2,781 to €789
- Gross operating margin +€40,669
up €40,669 (+396.0%), from €10,269 to €50,938
- Depreciation +€9,733
up €9,733 (+2703.6%), from €360 to €10,093
- Staff costs -€5,262
down €5,262 (-33.0%), from €15,956 to €10,694
- Taxes +€4,093
new in 2025: €4,093
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.
Cash bridge derived
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 | €27,878 | €106,575 | +€78,697 | +282.3% |
| Fixed assets | 21/28 | €1,716 | €91,623 | +€89,907 | +5239.8% |
| Intangible fixed assets | 21 | - | €90,603 | +€90,603 | |
| Tangible fixed assets | 22/27 | €1,636 | €940 | -€695 | -42.5% |
| Plant, machinery and equipment | 23 | €1,636 | €940 | -€695 | -42.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €26,162 | €14,952 | -€11,211 | -42.9% |
| Amounts receivable within one year | 40/41 | €13,936 | €6,317 | -€7,619 | -54.7% |
| Trade receivables | 40 | €7,778 | €6,140 | -€1,637 | -21.1% |
| Other amounts receivable | 41 | €6,159 | €177 | -€5,982 | -97.1% |
| Cash at bank and in hand | 54/58 | €11,667 | €8,089 | -€3,578 | -30.7% |
| Deferred charges and accrued income | 490/1 | €559 | €545 | -€14 | -2.5% |
| Total equity and liabilities | 10/49 | €27,878 | €106,575 | +€78,697 | +282.3% |
| Equity | 10/15 | -€8,854 | €17,410 | +€26,264 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,854 | €12,410 | +€26,264 | |
| Amounts payable | 17/49 | €36,732 | €89,165 | +€52,433 | +142.7% |
| Amounts payable within one year | 42/48 | €36,732 | €89,165 | +€52,433 | +142.7% |
| Trade debts | 44 | €33,740 | €83,532 | +€49,792 | +147.6% |
| Suppliers | 440/4 | €33,740 | €83,532 | +€49,792 | +147.6% |
| Taxes, remuneration and social security | 45 | €211 | €4,844 | +€4,633 | +2191.1% |
| Taxes | 450/3 | €0 | €4,093 | +€4,093 | |
| Remuneration and social security | 454/9 | €211 | €752 | +€540 | +255.5% |
| Other amounts payable | 47/48 | €2,781 | €789 | -€1,992 | -71.6% |
| Remuneration, social security and pensions | 62 | €15,956 | €10,694 | -€5,262 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €10,093 | +€9,733 | +2703.6% |
| Other operating charges | 640/8 | €64 | €270 | +€207 | +323.9% |
| Gross operating margin | 9900 | €10,269 | €50,938 | +€40,669 | +396.0% |
| Operating profit (loss) | 9901 | -€6,110 | €29,881 | +€35,991 | |
| Financial income | 75/76B | €558 | €488 | -€70 | -12.6% |
| Recurring financial income | 75 | €558 | €488 | -€70 | -12.6% |
| Financial charges | 65/66B | €69 | €13 | -€56 | -81.2% |
| Recurring financial charges | 65 | €69 | €13 | -€56 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,620 | €30,356 | +€35,977 | |
| Income taxes | 67/77 | - | €4,093 | +€4,093 | |
| Profit (loss) for the period | 9904 | -€5,620 | €26,264 | +€31,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,620 | €26,264 | +€31,884 |
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 11 October 2026 via checked.be.