HOUT BAY IMMO: what changed
What changed
HOUT BAY IMMO
filed annual accounts (NBB)
Net result for the year
€9,538
2024 · €3,593+€5,944
Equity
€1.4m
2024 · €1.4m+€9,538
Cash
€112,304
2024 · €66,170+€46,133
Balance sheet total
€2.3m
2024 · €2.4m-€157,279
Largest movements
Assets
- Current investments -€199,746
down €199,746 (-33.3%), from €600,000 to €400,254
- Cash +€46,133
up €46,133 (+69.7%), from €66,170 to €112,304
mainly Current investments (+€199,746) and Depreciation (+€121,003)
- Tangible fixed assets -€30,044
down €30,044 (-1.9%), from €1.6m to €1.6m
of which Land and buildings: -€34,728
Equity and liabilities
- Tax, wage and social debts -€168,313
down €168,313 (-97.1%), from €173,299 to €4,985
- Other debts +€55,232
up €55,232 (+951%), from €5,808 to €61,040
- Current portion of long-term debt -€51,492
down €51,492 (-44.0%), from €116,941 to €65,449
Income statement
- Financial income -€10,693
down €10,693 (-55.9%), from €19,132 to €8,438
of which Financial income: -€10,693
- Depreciation +€8,715
up €8,715 (+7.8%), from €112,288 to €121,003
- Taxes +€3,119
up €3,119 (+34.7%), from €8,995 to €12,114
- Gross operating margin +€2,519
up €2,519 (+1.3%), from €195,852 to €198,370
- Other operating charges +€2,517
up €2,517 (+6.6%), from €38,252 to €40,769
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.
Result 2024
€3,593
Gross operating margin
+€2,519
Depreciation
-€8,715
Other operating charges
-€2,517
Other operating items
+€29,954
Financial income
-€10,693
Financial charges
-€1,484
Taxes
-€3,119
Result 2025
€9,538
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,255
Investment
+€108,788
Financing
-€64,909
Cash 2024
€66,170
From operations (derived)
+€2,255
Net result for the year
+€9,538
Depreciation
+€121,003
Receivables within one year
-€21,381
Deferred charges and accrued income
-€4,997
Provisions
-€1,655
Trade debts
-€5,568
Tax, wage and social debts
-€168,313
Other debts
+€55,232
Accrued charges and deferred income
+€18,397
Investment (derived)
+€108,788
Investment in fixed assets (net)
-€90,958
Current investments
+€199,746
Financing
-€64,909
Debts after one year
-€13,417
Current portion of long-term debt
-€51,492
Cash 2025
€112,304
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,417,662 | €2,260,383 | -€157,279 | -6.5% |
| Fixed assets | 21/28 | €1,615,352 | €1,585,308 | -€30,044 | -1.9% |
| Intangible fixed assets | 21 | €248 | €248 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,613,863 | €1,583,818 | -€30,044 | -1.9% |
| Land and buildings | 22 | €1,613,260 | €1,578,531 | -€34,728 | -2.2% |
| Furniture and vehicles | 24 | €603 | €5,287 | +€4,684 | +777% |
| Financial fixed assets | 28 | €1,242 | €1,242 | = | 0.0% |
| Current assets | 29/58 | €802,310 | €675,075 | -€127,235 | -15.9% |
| Amounts receivable within one year | 40/41 | €124,323 | €145,704 | +€21,381 | +17.2% |
| Trade receivables | 40 | €26,220 | €15,056 | -€11,164 | -42.6% |
| Other amounts receivable | 41 | €98,102 | €130,647 | +€32,545 | +33.2% |
| Current investments | 50/53 | €600,000 | €400,254 | -€199,746 | -33.3% |
| Cash at bank and in hand | 54/58 | €66,170 | €112,304 | +€46,133 | +69.7% |
| Deferred charges and accrued income | 490/1 | €11,817 | €16,814 | +€4,997 | +42.3% |
| Total equity and liabilities | 10/49 | €2,417,662 | €2,260,383 | -€157,279 | -6.5% |
| Equity | 10/15 | €1,410,477 | €1,420,015 | +€9,538 | +0.7% |
| Contributions | 10/11 | €427,000 | €427,000 | = | 0.0% |
| Capital | 10 | €427,000 | €427,000 | = | 0.0% |
| Issued capital | 100 | €427,000 | €427,000 | = | 0.0% |
| Reserves | 13 | €541,617 | €551,051 | +€9,434 | +1.7% |
| Non-distributable reserves | 130/1 | €42,700 | €42,700 | = | 0.0% |
| Legal reserve | 130 | €42,700 | €42,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,217 | €61,251 | -€4,966 | -7.5% |
| Distributable reserves | 133 | €432,700 | €447,100 | +€14,400 | +3.3% |
| Profit (loss) carried forward | 14 | €441,860 | €441,964 | +€104 | 0.0% |
| Provisions and deferred taxes | 16 | €22,072 | €20,417 | -€1,655 | -7.5% |
| Deferred taxes | 168 | €22,072 | €20,417 | -€1,655 | -7.5% |
| Amounts payable | 17/49 | €985,113 | €819,951 | -€165,161 | -16.8% |
| Amounts payable after more than one year | 17 | €664,654 | €651,237 | -€13,417 | -2.0% |
| Financial debts | 170/4 | €237,268 | €223,852 | -€13,417 | -5.7% |
| Other amounts payable | 178/9 | €427,386 | €427,386 | = | 0.0% |
| Amounts payable within one year | 42/48 | €308,807 | €138,665 | -€170,142 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €116,941 | €65,449 | -€51,492 | -44.0% |
| Trade debts | 44 | €12,758 | €7,191 | -€5,568 | -43.6% |
| Suppliers | 440/4 | €12,758 | €7,191 | -€5,568 | -43.6% |
| Taxes, remuneration and social security | 45 | €173,299 | €4,985 | -€168,313 | -97.1% |
| Taxes | 450/3 | €173,299 | €4,985 | -€168,313 | -97.1% |
| Other amounts payable | 47/48 | €5,808 | €61,040 | +€55,232 | +951% |
| Accrued charges and deferred income | 492/3 | €11,652 | €30,049 | +€18,397 | +158% |
| Non-recurring operating income | 76A | €0 | €8,451 | +€8,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,288 | €121,003 | +€8,715 | +7.8% |
| Other operating charges | 640/8 | €38,252 | €40,769 | +€2,517 | +6.6% |
| Non-recurring operating charges | 66A | €32,240 | €2,286 | -€29,954 | -92.9% |
| Gross operating margin | 9900 | €195,852 | €198,370 | +€2,519 | +1.3% |
| Operating profit (loss) | 9901 | €13,072 | €34,312 | +€21,240 | +162% |
| Financial income | 75/76B | €19,132 | €8,438 | -€10,693 | -55.9% |
| Recurring financial income | 75 | €19,132 | €8,438 | -€10,693 | -55.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €21,270 | €22,754 | +€1,484 | +7.0% |
| Recurring financial charges | 65 | €21,270 | €22,754 | +€1,484 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €10,933 | €19,997 | +€9,063 | +82.9% |
| Transfer from deferred taxes | 780 | €1,655 | €1,655 | = | 0.0% |
| Income taxes | 67/77 | €8,995 | €12,114 | +€3,119 | +34.7% |
| Profit (loss) for the period | 9904 | €3,593 | €9,538 | +€5,944 | +165% |
| Transfer from tax-exempt reserves | 789 | €4,966 | €4,966 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,560 | €14,504 | +€5,944 | +69.4% |
Next steps
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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 5 November 2026 via checked.be.