Hout Van Staal: 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 Van Staal
Largest movements
- Receivables within one year +€47,362
up €47,362 (+85.9%), from €55,159 to €102,521
of which Trade receivables: +€69,306
- Cash +€9,094
up €9,094 (+18.3%), from €49,602 to €58,696
mainly Trade debts (+€39,467) and Net result for the year (+€18,020)
- Tangible fixed assets -€3,246
down €3,246 (-11.8%), from €27,446 to €24,201
of which Furniture and vehicles: -€5,431
- Receivables after one year -€3,008
down €3,008 (-100%), from €3,008 to €0
- Trade debts +€39,467
up €39,467 (+55.3%), from €71,424 to €110,891
- Reserves +€13,022
up €13,022 (+154%), from €8,479 to €21,500
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Other debts -€9,131
down €9,131 (-26.5%), from €34,460 to €25,328
- Debts after one year -€5,435
down €5,435 (-62.3%), from €8,724 to €3,290
- Gross operating margin +€23,628
up €23,628 (+209%), from €11,307 to €34,935
- Taxes +€5,093
up €5,093 (+535%), from €951 to €6,045
- Depreciation +€4,382
up €4,382 (+83.0%), from €5,277 to €9,659
- Other operating charges -€1,635
down €1,635 (-80.6%), from €2,029 to €394
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 | €135,974 | €187,589 | +€51,615 | +38.0% |
| Fixed assets | 21/28 | €27,446 | €24,201 | -€3,246 | -11.8% |
| Tangible fixed assets | 22/27 | €27,446 | €24,201 | -€3,246 | -11.8% |
| Plant, machinery and equipment | 23 | €13,899 | €16,084 | +€2,185 | +15.7% |
| Furniture and vehicles | 24 | €13,547 | €8,116 | -€5,431 | -40.1% |
| Current assets | 29/58 | €108,527 | €163,388 | +€54,861 | +50.6% |
| Amounts receivable after more than one year | 29 | €3,008 | €0 | -€3,008 | -100% |
| Other amounts receivable | 291 | €3,008 | €0 | -€3,008 | -100% |
| Amounts receivable within one year | 40/41 | €55,159 | €102,521 | +€47,362 | +85.9% |
| Trade receivables | 40 | €25,059 | €94,365 | +€69,306 | +277% |
| Other amounts receivable | 41 | €30,099 | €8,156 | -€21,943 | -72.9% |
| Cash at bank and in hand | 54/58 | €49,602 | €58,696 | +€9,094 | +18.3% |
| Deferred charges and accrued income | 490/1 | €759 | €2,171 | +€1,412 | +186% |
| Total equity and liabilities | 10/49 | €135,974 | €187,589 | +€51,615 | +38.0% |
| Equity | 10/15 | €14,679 | €40,100 | +€25,422 | +173% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €8,479 | €21,500 | +€13,022 | +154% |
| Distributable reserves | 133 | €8,479 | €21,500 | +€13,022 | +154% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €121,295 | €147,488 | +€26,193 | +21.6% |
| Amounts payable after more than one year | 17 | €8,724 | €3,290 | -€5,435 | -62.3% |
| Financial debts | 170/4 | €8,724 | €3,290 | -€5,435 | -62.3% |
| Amounts payable within one year | 42/48 | €111,071 | €142,699 | +€31,628 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €5,187 | €5,435 | +€248 | +4.8% |
| Trade debts | 44 | €71,424 | €110,891 | +€39,467 | +55.3% |
| Suppliers | 440/4 | €71,424 | €110,891 | +€39,467 | +55.3% |
| Taxes, remuneration and social security | 45 | €0 | €1,045 | +€1,045 | |
| Taxes | 450/3 | €0 | €1,045 | +€1,045 | |
| Other amounts payable | 47/48 | €34,460 | €25,328 | -€9,131 | -26.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,277 | €9,659 | +€4,382 | +83.0% |
| Other operating charges | 640/8 | €2,029 | €394 | -€1,635 | -80.6% |
| Gross operating margin | 9900 | €11,307 | €34,935 | +€23,628 | +209% |
| Operating profit (loss) | 9901 | €4,001 | €24,882 | +€20,881 | +522% |
| Financial income | 75/76B | €308 | €134 | -€174 | -56.6% |
| Recurring financial income | 75 | €308 | €134 | -€174 | -56.6% |
| Financial charges | 65/66B | €768 | €951 | +€182 | +23.7% |
| Recurring financial charges | 65 | €768 | €951 | +€182 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €3,540 | €24,064 | +€20,524 | +580% |
| Income taxes | 67/77 | €951 | €6,045 | +€5,093 | +535% |
| Profit (loss) for the period | 9904 | €2,589 | €18,020 | +€15,431 | +596% |
| Profit (loss) for the period to be appropriated | 9905 | €2,589 | €18,020 | +€15,431 | +596% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.