HOUT DE GROOTE: what changed
What changed
HOUT DE GROOTE
NACE 46.832, Wholesale of timber
filed annual accounts (NBB)
Net result for the year
€524,586
2024 · €789,283-€264,697
Equity
€3.8m
2024 · €3.3m+€524,586
Cash
€1.2m
2024 · €2.3m-€1.1m
Balance sheet total
€7.2m
2024 · €7.8m-€659,347
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-76.6%), from €2.4m to €556,143
of which Other amounts receivable: -€1.9m
- Receivables after one year +€1.8m
new in 2025: €1.8m
- Cash -€1.1m
down €1.1m (-47.0%), from €2.3m to €1.2m
mainly Receivables after one year (-€1.8m) and Trade debts (-€888,986)
- Stocks and contracts +€425,485
up €425,485 (+18.1%), from €2.3m to €2.8m
Equity and liabilities
- Trade debts -€888,986
down €888,986 (-42.0%), from €2.1m to €1.2m
of which Suppliers: -€888,668
- Reserves +€524,586
up €524,586 (+19.8%), from €2.6m to €3.2m
of which Distributable reserves: +€524,586
- Other debts -€401,056
down €401,056 (-100.0%), from €401,101 to €45
- Debts after one year +€147,019
up €147,019 (+9.4%), from €1.6m to €1.7m
Income statement
- Gross operating margin -€158,543
down €158,543 (-10.0%), from €1.6m to €1.4m
- Taxes +€101,948
up €101,948 (+56.7%), from €179,868 to €281,816
- Staff costs +€43,092
up €43,092 (+12.8%), from €335,956 to €379,048
- Depreciation -€30,921
down €30,921 (-12.9%), from €239,175 to €208,254
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
€789,283
Gross operating margin
-€158,543
Staff costs
-€43,092
Depreciation
+€30,921
Write-downs
-€1,972
Provisions
-€934
Other operating charges
-€753
Financial income
+€5,472
Financial charges
+€6,154
Taxes
-€101,948
Result 2025
€524,586
raises the resultlowers the result
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
-€941,860
Investment
-€259,548
Financing
+€112,765
Cash 2024
€2.3m
From operations (derived)
-€941,860
Net result for the year
+€524,586
Depreciation
+€208,254
Receivables after one year
-€1.8m
Stocks and contracts
-€425,485
Receivables within one year
+€1.8m
Trade debts
-€888,986
Tax, wage and social debts
+€54,971
Other debts
-€401,056
Accrued charges and deferred income
-€61,626
Investment (derived)
-€259,548
Investment in fixed assets (net)
-€259,548
Financing
+€112,765
Debts after one year
+€147,019
Current portion of long-term debt
-€34,254
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,809,823 | €7,150,476 | -€659,347 | -8.4% |
| Fixed assets | 21/28 | €772,388 | €823,683 | +€51,294 | +6.6% |
| Intangible fixed assets | 21 | - | €16,013 | +€16,013 | |
| Tangible fixed assets | 22/27 | €772,388 | €807,670 | +€35,281 | +4.6% |
| Land and buildings | 22 | €583,106 | €508,968 | -€74,139 | -12.7% |
| Plant, machinery and equipment | 23 | €130,214 | €237,471 | +€107,258 | +82.4% |
| Furniture and vehicles | 24 | €59,068 | €61,231 | +€2,162 | +3.7% |
| Current assets | 29/58 | €7,037,434 | €6,326,793 | -€710,641 | -10.1% |
| Amounts receivable after more than one year | 29 | - | €1,773,244 | +€1.8m | |
| Trade receivables | 290 | - | €1,773,244 | +€1.8m | |
| Stocks and contracts in progress | 3 | €2,345,693 | €2,771,178 | +€425,485 | +18.1% |
| Stocks | 30/36 | €2,345,693 | €2,771,178 | +€425,485 | +18.1% |
| Amounts receivable within one year | 40/41 | €2,376,870 | €556,143 | -€1.8m | -76.6% |
| Trade receivables | 40 | €455,555 | €547,328 | +€91,773 | +20.1% |
| Other amounts receivable | 41 | €1,921,316 | €8,816 | -€1.9m | -99.5% |
| Cash at bank and in hand | 54/58 | €2,314,871 | €1,226,228 | -€1.1m | -47.0% |
| Total equity and liabilities | 10/49 | €7,809,823 | €7,150,476 | -€659,347 | -8.4% |
| Equity | 10/15 | €3,268,063 | €3,792,649 | +€524,586 | +16.1% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €2,648,329 | €3,172,915 | +€524,586 | +19.8% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Distributable reserves | 133 | €2,586,356 | €3,110,942 | +€524,586 | +20.3% |
| Amounts payable | 17/49 | €4,541,760 | €3,357,827 | -€1.2m | -26.1% |
| Amounts payable after more than one year | 17 | €1,567,467 | €1,714,486 | +€147,019 | +9.4% |
| Financial debts | 170/4 | €1,567,467 | €1,714,486 | +€147,019 | +9.4% |
| Amounts payable within one year | 42/48 | €2,717,797 | €1,448,472 | -€1.3m | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €55,357 | €21,103 | -€34,254 | -61.9% |
| Trade debts | 44 | €2,118,914 | €1,229,928 | -€888,986 | -42.0% |
| Suppliers | 440/4 | €2,112,055 | €1,223,387 | -€888,668 | -42.1% |
| Bills of exchange payable | 441 | €6,859 | €6,541 | -€318 | -4.6% |
| Taxes, remuneration and social security | 45 | €142,424 | €197,395 | +€54,971 | +38.6% |
| Taxes | 450/3 | €8,757 | €58,094 | +€49,337 | +563% |
| Remuneration and social security | 454/9 | €133,667 | €139,301 | +€5,634 | +4.2% |
| Other amounts payable | 47/48 | €401,101 | €45 | -€401,056 | -100.0% |
| Accrued charges and deferred income | 492/3 | €256,496 | €194,869 | -€61,626 | -24.0% |
| Non-recurring operating income | 76A | - | €56 | +€56 | |
| Remuneration, social security and pensions | 62 | €335,956 | €379,048 | +€43,092 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,175 | €208,254 | -€30,921 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,181 | -€12,209 | +€1,972 | +13.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €934 | +€934 | |
| Other operating charges | 640/8 | €53,698 | €54,451 | +€753 | +1.4% |
| Gross operating margin | 9900 | €1,590,387 | €1,431,843 | -€158,543 | -10.0% |
| Operating profit (loss) | 9901 | €975,739 | €801,365 | -€174,374 | -17.9% |
| Financial income | 75/76B | €38,230 | €43,701 | +€5,472 | +14.3% |
| Recurring financial income | 75 | €38,230 | €43,701 | +€5,472 | +14.3% |
| Financial charges | 65/66B | €44,818 | €38,664 | -€6,154 | -13.7% |
| Recurring financial charges | 65 | €44,818 | €38,664 | -€6,154 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €969,151 | €806,402 | -€162,748 | -16.8% |
| Income taxes | 67/77 | €179,868 | €281,816 | +€101,948 | +56.7% |
| Profit (loss) for the period | 9904 | €789,283 | €524,586 | -€264,697 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €789,283 | €524,586 | -€264,697 | -33.5% |
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 3 November 2026 via checked.be.