HOUT KOEN: 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 KOEN
Largest movements
- Receivables within one year +€18,726
up €18,726 (+167%), from €11,221 to €29,946
of which Trade receivables: +€21,875
- Cash +€15,572
up €15,572 (+46.3%), from €33,607 to €49,179
mainly Net result for the year (+€45,091) and Depreciation (+€5,960)
- Tangible fixed assets -€5,960
down €5,960 (-37.1%), from €16,078 to €10,118
of which Furniture and vehicles: -€3,058
- Reserves +€45,091
up €45,091 (+156%), from €28,838 to €73,929
- Profit (loss) carried forward -€10,000
down €10,000 (-86.2%), from €11,595 to €1,595
- Other debts -€6,868
no longer reported in 2025 (was €6,868)
- Tax, wage and social debts +€2,632
new in 2025: €2,632
- Trade debts -€2,517
down €2,517 (-20.0%), from €12,605 to €10,088
- Gross operating margin +€33,915
up €33,915 (+95.0%), from €35,682 to €69,597
- Taxes +€10,226
up €10,226 (+139%), from €7,367 to €17,593
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 | €60,906 | €89,244 | +€28,338 | +46.5% |
| Fixed assets | 21/28 | €16,078 | €10,118 | -€5,960 | -37.1% |
| Tangible fixed assets | 22/27 | €16,078 | €10,118 | -€5,960 | -37.1% |
| Plant, machinery and equipment | 23 | €8,768 | €5,865 | -€2,902 | -33.1% |
| Furniture and vehicles | 24 | €7,311 | €4,253 | -€3,058 | -41.8% |
| Current assets | 29/58 | €44,828 | €79,126 | +€34,298 | +76.5% |
| Amounts receivable within one year | 40/41 | €11,221 | €29,946 | +€18,726 | +167% |
| Trade receivables | 40 | €6,407 | €28,282 | +€21,875 | +341% |
| Other amounts receivable | 41 | €4,814 | €1,665 | -€3,149 | -65.4% |
| Cash at bank and in hand | 54/58 | €33,607 | €49,179 | +€15,572 | +46.3% |
| Total equity and liabilities | 10/49 | €60,906 | €89,244 | +€28,338 | +46.5% |
| Equity | 10/15 | €41,433 | €76,525 | +€35,091 | +84.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,838 | €73,929 | +€45,091 | +156% |
| Distributable reserves | 133 | €28,838 | €73,929 | +€45,091 | +156% |
| Profit (loss) carried forward | 14 | €11,595 | €1,595 | -€10,000 | -86.2% |
| Amounts payable | 17/49 | €19,473 | €12,719 | -€6,754 | -34.7% |
| Amounts payable within one year | 42/48 | €19,473 | €12,719 | -€6,754 | -34.7% |
| Trade debts | 44 | €12,605 | €10,088 | -€2,517 | -20.0% |
| Suppliers | 440/4 | €12,605 | €10,088 | -€2,517 | -20.0% |
| Taxes, remuneration and social security | 45 | - | €2,632 | +€2,632 | |
| Taxes | 450/3 | - | €2,632 | +€2,632 | |
| Other amounts payable | 47/48 | €6,868 | - | -€6,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,960 | €5,960 | -€0 | 0.0% |
| Other operating charges | 640/8 | €808 | €903 | +€95 | +11.8% |
| Gross operating margin | 9900 | €35,682 | €69,597 | +€33,915 | +95.0% |
| Operating profit (loss) | 9901 | €28,914 | €62,734 | +€33,820 | +117% |
| Financial income | 75/76B | €94 | €115 | +€21 | +22.7% |
| Recurring financial income | 75 | €94 | €115 | +€21 | +22.7% |
| Financial charges | 65/66B | €45 | €165 | +€120 | +266% |
| Recurring financial charges | 65 | €45 | €165 | +€120 | +266% |
| Profit (loss) for the period before taxes | 9903 | €28,962 | €62,684 | +€33,722 | +116% |
| Income taxes | 67/77 | €7,367 | €17,593 | +€10,226 | +139% |
| Profit (loss) for the period | 9904 | €21,595 | €45,091 | +€23,496 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €21,595 | €45,091 | +€23,496 | +109% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.