HOUT & KO: 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 & KO
Largest movements
- Tangible fixed assets -€72,451
down €72,451 (-12.8%), from €563,931 to €491,480
- Cash -€48,733
down €48,733 (-71.9%), from €67,741 to €19,008
mainly Receivables within one year (-€44,721) and Debts after one year (-€29,609)
- Receivables within one year +€44,721
up €44,721 (+28.6%), from €156,500 to €201,221
of which Trade receivables: +€45,185
- Stocks and contracts +€13,299
up €13,299 (+19.5%), from €68,200 to €81,498
- Debts after one year -€29,609
down €29,609 (-4.4%), from €667,741 to €638,132
- Trade debts -€21,304
down €21,304 (-46.9%), from €45,391 to €24,087
- Current portion of long-term debt -€16,440
down €16,440 (-25.3%), from €64,932 to €48,492
- Staff costs +€22,596
up €22,596 (+7.9%), from €286,027 to €308,623
- Gross operating margin +€21,773
up €21,773 (+5.4%), from €400,508 to €422,281
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 | €867,329 | €803,469 | -€63,860 | -7.4% |
| Fixed assets | 21/28 | €563,931 | €491,480 | -€72,451 | -12.8% |
| Tangible fixed assets | 22/27 | €563,931 | €491,480 | -€72,451 | -12.8% |
| Land and buildings | 22 | €425,180 | €389,305 | -€35,874 | -8.4% |
| Plant, machinery and equipment | 23 | €124,920 | €90,346 | -€34,574 | -27.7% |
| Furniture and vehicles | 24 | €13,831 | €11,829 | -€2,003 | -14.5% |
| Current assets | 29/58 | €303,398 | €311,989 | +€8,591 | +2.8% |
| Stocks and contracts in progress | 3 | €68,200 | €81,498 | +€13,299 | +19.5% |
| Stocks | 30/36 | €68,200 | €81,498 | +€13,299 | +19.5% |
| Amounts receivable within one year | 40/41 | €156,500 | €201,221 | +€44,721 | +28.6% |
| Trade receivables | 40 | €149,411 | €194,596 | +€45,185 | +30.2% |
| Other amounts receivable | 41 | €7,088 | €6,625 | -€464 | -6.5% |
| Cash at bank and in hand | 54/58 | €67,741 | €19,008 | -€48,733 | -71.9% |
| Deferred charges and accrued income | 490/1 | €10,957 | €10,262 | -€695 | -6.3% |
| Total equity and liabilities | 10/49 | €867,329 | €803,469 | -€63,860 | -7.4% |
| Equity | 10/15 | €56,280 | €56,375 | +€94 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,227 | €37,227 | = | 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 | €35,367 | €35,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453 | €548 | +€94 | +20.8% |
| Amounts payable | 17/49 | €811,049 | €747,094 | -€63,954 | -7.9% |
| Amounts payable after more than one year | 17 | €667,741 | €638,132 | -€29,609 | -4.4% |
| Financial debts | 170/4 | €667,741 | €638,132 | -€29,609 | -4.4% |
| Amounts payable within one year | 42/48 | €143,156 | €108,962 | -€34,193 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €64,932 | €48,492 | -€16,440 | -25.3% |
| Trade debts | 44 | €45,391 | €24,087 | -€21,304 | -46.9% |
| Suppliers | 440/4 | €45,391 | €24,087 | -€21,304 | -46.9% |
| Taxes, remuneration and social security | 45 | €32,539 | €31,150 | -€1,389 | -4.3% |
| Taxes | 450/3 | €8,792 | €4,442 | -€4,350 | -49.5% |
| Remuneration and social security | 454/9 | €23,748 | €26,708 | +€2,961 | +12.5% |
| Other amounts payable | 47/48 | €294 | €5,234 | +€4,940 | +1,683% |
| Accrued charges and deferred income | 492/3 | €152 | - | -€152 | |
| Remuneration, social security and pensions | 62 | €286,027 | €308,623 | +€22,596 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,090 | €86,572 | +€1,482 | +1.7% |
| Other operating charges | 640/8 | €11,213 | €11,706 | +€493 | +4.4% |
| Non-recurring operating charges | 66A | €63 | €81 | +€18 | +28.6% |
| Gross operating margin | 9900 | €400,508 | €422,281 | +€21,773 | +5.4% |
| Operating profit (loss) | 9901 | €18,115 | €15,298 | -€2,817 | -15.5% |
| Financial income | 75/76B | €2,059 | €1,831 | -€227 | -11.0% |
| Recurring financial income | 75 | €2,059 | €1,831 | -€227 | -11.0% |
| Financial charges | 65/66B | €16,957 | €15,010 | -€1,946 | -11.5% |
| Recurring financial charges | 65 | €16,957 | €15,010 | -€1,946 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €3,217 | €2,119 | -€1,098 | -34.1% |
| Income taxes | 67/77 | €3,004 | €2,025 | -€979 | -32.6% |
| Profit (loss) for the period | 9904 | €213 | €94 | -€119 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €213 | €94 | -€119 | -55.7% |
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 23 October 2026 via checked.be.