HOUSSA Cédric: 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.
HOUSSA Cédric
Largest movements
- Tangible fixed assets +€33,830
up €33,830 (+126%), from €26,849 to €60,679
of which Land and buildings: +€40,105
- Receivables within one year +€7,594
up €7,594 (+17.2%), from €44,064 to €51,658
of which Other amounts receivable: +€6,183
- Cash +€6,099
up €6,099 (+8.2%), from €74,635 to €80,734
mainly Trade debts (+€31,557) and Debts after one year (+€11,868)
- Trade debts +€31,557
up €31,557 (+7,661%), from €412 to €31,969
- Debts after one year +€11,868
up €11,868 (+30.0%), from €39,602 to €51,470
- Tax, wage and social debts +€2,306
up €2,306 (+931%), from €248 to €2,554
of which Remuneration and social security: +€2,241
- Staff costs +€33,956
new in 2025: €33,956
- Gross operating margin -€5,136
down €5,136 (-10.5%), from €49,009 to €43,873
- Depreciation -€3,348
down €3,348 (-33.5%), from €9,982 to €6,634
- Financial income +€1,603
up €1,603 (+128%), from €1,250 to €2,853
- Other operating charges -€890
down €890 (-18.9%), from €4,700 to €3,810
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 | €156,856 | €201,606 | +€44,750 | +28.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €27,037 | €60,867 | +€33,830 | +125% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €26,849 | €60,679 | +€33,830 | +126% |
| Land and buildings | 22 | €0 | €40,105 | +€40,105 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €26,849 | €20,574 | -€6,275 | -23.4% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €129,819 | €140,739 | +€10,920 | +8.4% |
| Amounts receivable after more than one year | 29 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts receivable | 291 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Stocks and contracts in progress | 3 | €6,129 | €5,288 | -€841 | -13.7% |
| Stocks | 30/36 | €6,129 | €5,288 | -€841 | -13.7% |
| Amounts receivable within one year | 40/41 | €44,064 | €51,658 | +€7,594 | +17.2% |
| Trade receivables | 40 | €22,726 | €24,137 | +€1,411 | +6.2% |
| Other amounts receivable | 41 | €21,338 | €27,521 | +€6,183 | +29.0% |
| Cash at bank and in hand | 54/58 | €74,635 | €80,734 | +€6,099 | +8.2% |
| Deferred charges and accrued income | 490/1 | €992 | €1,060 | +€68 | +6.9% |
| Total equity and liabilities | 10/49 | €156,856 | €201,606 | +€44,750 | +28.5% |
| Equity | 10/15 | €100,813 | €99,648 | -€1,165 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,353 | €109,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,493 | €107,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,740 | -€15,904 | -€1,165 | -7.9% |
| Amounts payable | 17/49 | €56,044 | €101,958 | +€45,915 | +81.9% |
| Amounts payable after more than one year | 17 | €39,602 | €51,470 | +€11,868 | +30.0% |
| Financial debts | 170/4 | €39,602 | €51,470 | +€11,868 | +30.0% |
| Amounts payable within one year | 42/48 | €16,441 | €50,488 | +€34,047 | +207% |
| Current portion of amounts payable after more than one year | 42 | €15,782 | €15,965 | +€184 | +1.2% |
| Trade debts | 44 | €412 | €31,969 | +€31,557 | +7,661% |
| Suppliers | 440/4 | €412 | €31,969 | +€31,557 | +7,661% |
| Taxes, remuneration and social security | 45 | €248 | €2,554 | +€2,306 | +931% |
| Taxes | 450/3 | €248 | €313 | +€65 | +26.4% |
| Remuneration and social security | 454/9 | - | €2,241 | +€2,241 | |
| Remuneration, social security and pensions | 62 | - | €33,956 | +€33,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,982 | €6,634 | -€3,348 | -33.5% |
| Other operating charges | 640/8 | €4,700 | €3,810 | -€890 | -18.9% |
| Gross operating margin | 9900 | €49,009 | €43,873 | -€5,136 | -10.5% |
| Operating profit (loss) | 9901 | €34,327 | -€528 | -€34,855 | |
| Financial income | 75/76B | €1,250 | €2,853 | +€1,603 | +128% |
| Recurring financial income | 75 | €1,250 | €2,853 | +€1,603 | +128% |
| Financial charges | 65/66B | €2,990 | €3,003 | +€14 | +0.5% |
| Recurring financial charges | 65 | €2,990 | €3,003 | +€14 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €32,587 | -€678 | -€33,265 | |
| Income taxes | 67/77 | €562 | €487 | -€76 | -13.5% |
| Profit (loss) for the period | 9904 | €32,024 | -€1,165 | -€33,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,024 | -€1,165 | -€33,189 |
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 23 October 2026 via checked.be.