HOUT MAES: 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 MAES
Largest movements
- Stocks and contracts -€77,395
down €77,395 (-82.9%), from €93,376 to €15,981
- Cash +€26,034
up €26,034 (+44.5%), from €58,562 to €84,597
mainly Stocks and contracts (+€77,395) and Receivables within one year (+€7,776)
- Receivables within one year -€7,776
down €7,776 (-34.1%), from €22,788 to €15,012
of which Trade receivables: -€7,536
- Tangible fixed assets -€2,692
down €2,692 (-22.7%), from €11,885 to €9,193
of which Land and buildings: -€2,308
- Debts after one year -€38,715
down €38,715 (-99.3%), from €38,979 to €264
- Reserves -€16,477
down €16,477 (-32.8%), from €50,212 to €33,735
- Trade debts -€3,251
down €3,251 (-79.2%), from €4,105 to €853
- Tax, wage and social debts -€3,237
down €3,237 (-43.2%), from €7,495 to €4,259
- Gross operating margin -€20,139
down €20,139, from €9,863 to -€10,276
- Financial charges -€2,116
down €2,116 (-84.9%), from €2,491 to €375
- Taxes -€1,227
down €1,227 (-100%), from €1,227 to €0
- Financial income +€105
up €105 (+200%), from €52 to €157
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 | €190,596 | €128,923 | -€61,673 | -32.4% |
| Fixed assets | 21/28 | €12,020 | €9,328 | -€2,692 | -22.4% |
| Tangible fixed assets | 22/27 | €11,885 | €9,193 | -€2,692 | -22.7% |
| Land and buildings | 22 | €10,370 | €8,063 | -€2,308 | -22.3% |
| Plant, machinery and equipment | 23 | €125 | €0 | -€125 | -100% |
| Other tangible fixed assets | 26 | €1,390 | €1,130 | -€260 | -18.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €178,576 | €119,595 | -€58,981 | -33.0% |
| Stocks and contracts in progress | 3 | €93,376 | €15,981 | -€77,395 | -82.9% |
| Stocks | 30/36 | €93,376 | €15,981 | -€77,395 | -82.9% |
| Amounts receivable within one year | 40/41 | €22,788 | €15,012 | -€7,776 | -34.1% |
| Trade receivables | 40 | €22,548 | €15,012 | -€7,536 | -33.4% |
| Other amounts receivable | 41 | €240 | €0 | -€240 | -100% |
| Cash at bank and in hand | 54/58 | €58,562 | €84,597 | +€26,034 | +44.5% |
| Deferred charges and accrued income | 490/1 | €3,850 | €4,005 | +€156 | +4.0% |
| Total equity and liabilities | 10/49 | €190,596 | €128,923 | -€61,673 | -32.4% |
| Equity | 10/15 | €139,826 | €123,349 | -€16,477 | -11.8% |
| Contributions | 10/11 | €89,614 | €89,614 | = | 0.0% |
| Reserves | 13 | €50,212 | €33,735 | -€16,477 | -32.8% |
| Distributable reserves | 133 | €50,212 | €33,735 | -€16,477 | -32.8% |
| Amounts payable | 17/49 | €50,770 | €5,574 | -€45,196 | -89.0% |
| Amounts payable after more than one year | 17 | €38,979 | €264 | -€38,715 | -99.3% |
| Other amounts payable | 178/9 | €38,979 | €264 | -€38,715 | -99.3% |
| Amounts payable within one year | 42/48 | €11,600 | €5,112 | -€6,488 | -55.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,105 | €853 | -€3,251 | -79.2% |
| Suppliers | 440/4 | €4,105 | €853 | -€3,251 | -79.2% |
| Taxes, remuneration and social security | 45 | €7,495 | €4,259 | -€3,237 | -43.2% |
| Taxes | 450/3 | €7,495 | €4,259 | -€3,237 | -43.2% |
| Accrued charges and deferred income | 492/3 | €191 | €198 | +€7 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,795 | €2,692 | -€102 | -3.7% |
| Other operating charges | 640/8 | €3,240 | €3,291 | +€51 | +1.6% |
| Gross operating margin | 9900 | €9,863 | -€10,276 | -€20,139 | |
| Operating profit (loss) | 9901 | €3,828 | -€16,259 | -€20,087 | |
| Financial income | 75/76B | €52 | €157 | +€105 | +200% |
| Recurring financial income | 75 | €52 | €157 | +€105 | +200% |
| Financial charges | 65/66B | €2,491 | €375 | -€2,116 | -84.9% |
| Recurring financial charges | 65 | €2,491 | €375 | -€2,116 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €1,389 | -€16,477 | -€17,866 | |
| Income taxes | 67/77 | €1,227 | €0 | -€1,227 | -100% |
| Profit (loss) for the period | 9904 | €163 | -€16,477 | -€16,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €163 | -€16,477 | -€16,639 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.