HOUT ARBOREX: 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.
HOUT ARBOREX
Largest movements
- Tangible fixed assets -€8,187
down €8,187 (-5.8%), from €141,335 to €133,148
of which Land and buildings: -€12,232
- Cash +€2,827
up €2,827 (+178%), from €1,592 to €4,419
mainly Depreciation (+€12,805) and Trade debts (+€2,407)
- Profit (loss) carried forward -€9,110
down €9,110 (-56.9%), from -€16,003 to -€25,113
- Financial charges +€2,916
up €2,916 (+43.5%), from €6,710 to €9,626
- Gross operating margin +€1,316
up €1,316 (+7.3%), from €17,954 to €19,270
- Other operating charges +€784
up €784 (+15.1%), from €5,187 to €5,972
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,731 | €236,115 | -€5,616 | -2.3% |
| Fixed assets | 21/28 | €141,425 | €133,238 | -€8,187 | -5.8% |
| Tangible fixed assets | 22/27 | €141,335 | €133,148 | -€8,187 | -5.8% |
| Land and buildings | 22 | €140,030 | €127,798 | -€12,232 | -8.7% |
| Plant, machinery and equipment | 23 | €198 | €4,243 | +€4,045 | +2,043% |
| Furniture and vehicles | 24 | €1,107 | €1,107 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €100,306 | €102,877 | +€2,571 | +2.6% |
| Amounts receivable within one year | 40/41 | €6,903 | €6,647 | -€256 | -3.7% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €5,088 | €4,832 | -€256 | -5.0% |
| Current investments | 50/53 | €91,811 | €91,811 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,592 | €4,419 | +€2,827 | +178% |
| Total equity and liabilities | 10/49 | €241,731 | €236,115 | -€5,616 | -2.3% |
| Equity | 10/15 | €76,701 | €67,592 | -€9,110 | -11.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €73,955 | €73,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €72,080 | €72,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,003 | -€25,113 | -€9,110 | -56.9% |
| Amounts payable | 17/49 | €165,030 | €168,524 | +€3,494 | +2.1% |
| Amounts payable within one year | 42/48 | €165,030 | €168,524 | +€3,494 | +2.1% |
| Financial debts | 43 | €165,000 | €165,000 | = | 0.0% |
| Credit institutions | 430/8 | €165,000 | €165,000 | = | 0.0% |
| Trade debts | 44 | €30 | €2,437 | +€2,407 | +8,023% |
| Suppliers | 440/4 | €30 | €2,437 | +€2,407 | +8,023% |
| Other amounts payable | 47/48 | - | €1,087 | +€1,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,974 | €12,805 | -€169 | -1.3% |
| Other operating charges | 640/8 | €5,187 | €5,972 | +€784 | +15.1% |
| Gross operating margin | 9900 | €17,954 | €19,270 | +€1,316 | +7.3% |
| Operating profit (loss) | 9901 | -€207 | €494 | +€701 | |
| Financial income | 75/76B | €120 | €22 | -€98 | -81.7% |
| Recurring financial income | 75 | €120 | €22 | -€98 | -81.7% |
| Financial charges | 65/66B | €6,710 | €9,626 | +€2,916 | +43.5% |
| Recurring financial charges | 65 | €6,710 | €9,626 | +€2,916 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,797 | -€9,110 | -€2,313 | -34.0% |
| Profit (loss) for the period | 9904 | -€6,797 | -€9,110 | -€2,313 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,797 | -€9,110 | -€2,313 | -34.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.