Houtbox: 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.
Houtbox
Largest movements
- Current investments +€22,500
up €22,500 (+28.7%), from €78,500 to €101,000
- Tangible fixed assets -€12,089
down €12,089 (-47.2%), from €25,621 to €13,532
of which Furniture and vehicles: -€11,504
- Receivables within one year +€5,694
up €5,694 (+27.4%), from €20,787 to €26,481
of which Trade receivables: +€12,175
- Cash +€2,007
up €2,007 (+12.6%), from €15,912 to €17,919
mainly Net result for the year (+€22,810) and Depreciation (+€12,089)
- Stocks and contracts -€1,853
down €1,853 (-33.0%), from €5,613 to €3,759
of which Contracts in progress: -€2,290
- Reserves +€10,053
up €10,053 (+9.7%), from €103,480 to €113,533
- Tax, wage and social debts +€8,108
up €8,108 (+134.9%), from €6,008 to €14,116
of which Taxes: +€5,616
- Debts after one year -€7,586
down €7,586 (-45.2%), from €16,796 to €9,210
- Trade debts +€5,807
up €5,807 (+821.6%), from €707 to €6,513
- Gross operating margin +€22,104
up €22,104 (+94.7%), from €23,348 to €45,452
- Taxes +€5,992
up €5,992 (+180.1%), from €3,326 to €9,318
- Depreciation +€1,440
up €1,440 (+13.5%), from €10,649 to €12,089
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.
Cash bridge derived
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 | €146,860 | €163,359 | +€16,498 | +11.2% |
| Fixed assets | 21/28 | €25,621 | €13,532 | -€12,089 | -47.2% |
| Tangible fixed assets | 22/27 | €25,621 | €13,532 | -€12,089 | -47.2% |
| Plant, machinery and equipment | 23 | €1,196 | €611 | -€585 | -48.9% |
| Furniture and vehicles | 24 | €24,426 | €12,922 | -€11,504 | -47.1% |
| Current assets | 29/58 | €121,239 | €149,826 | +€28,587 | +23.6% |
| Stocks and contracts in progress | 3 | €5,613 | €3,759 | -€1,853 | -33.0% |
| Stocks | 30/36 | €2,472 | €2,909 | +€437 | +17.7% |
| Contracts in progress | 37 | €3,141 | €850 | -€2,290 | -72.9% |
| Amounts receivable within one year | 40/41 | €20,787 | €26,481 | +€5,694 | +27.4% |
| Trade receivables | 40 | €14,269 | €26,444 | +€12,175 | +85.3% |
| Other amounts receivable | 41 | €6,518 | €37 | -€6,481 | -99.4% |
| Current investments | 50/53 | €78,500 | €101,000 | +€22,500 | +28.7% |
| Cash at bank and in hand | 54/58 | €15,912 | €17,919 | +€2,007 | +12.6% |
| Deferred charges and accrued income | 490/1 | €427 | €666 | +€239 | +55.9% |
| Total equity and liabilities | 10/49 | €146,860 | €163,359 | +€16,498 | +11.2% |
| Equity | 10/15 | €115,880 | €125,933 | +€10,053 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,480 | €113,533 | +€10,053 | +9.7% |
| Distributable reserves | 133 | €103,480 | €113,533 | +€10,053 | +9.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,980 | €37,426 | +€6,445 | +20.8% |
| Amounts payable after more than one year | 17 | €16,796 | €9,210 | -€7,586 | -45.2% |
| Financial debts | 170/4 | €16,796 | €9,210 | -€7,586 | -45.2% |
| Amounts payable within one year | 42/48 | €14,061 | €28,216 | +€14,154 | +100.7% |
| Current portion of amounts payable after more than one year | 42 | €7,312 | €7,586 | +€274 | +3.7% |
| Trade debts | 44 | €707 | €6,513 | +€5,807 | +821.6% |
| Suppliers | 440/4 | €707 | €6,513 | +€5,807 | +821.6% |
| Taxes, remuneration and social security | 45 | €6,008 | €14,116 | +€8,108 | +134.9% |
| Taxes | 450/3 | €6,008 | €11,624 | +€5,616 | +93.5% |
| Remuneration and social security | 454/9 | - | €2,492 | +€2,492 | |
| Other amounts payable | 47/48 | €34 | €0 | -€34 | -100.0% |
| Accrued charges and deferred income | 492/3 | €123 | €0 | -€123 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,649 | €12,089 | +€1,440 | +13.5% |
| Other operating charges | 640/8 | €1,023 | €1,049 | +€26 | +2.5% |
| Gross operating margin | 9900 | €23,348 | €45,452 | +€22,104 | +94.7% |
| Operating profit (loss) | 9901 | €11,676 | €32,315 | +€20,638 | +176.8% |
| Financial income | 75/76B | €997 | €701 | -€296 | -29.7% |
| Recurring financial income | 75 | €997 | €701 | -€296 | -29.7% |
| Financial charges | 65/66B | €1,243 | €888 | -€356 | -28.6% |
| Recurring financial charges | 65 | €1,243 | €888 | -€356 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €11,430 | €32,128 | +€20,698 | +181.1% |
| Income taxes | 67/77 | €3,326 | €9,318 | +€5,992 | +180.1% |
| Profit (loss) for the period | 9904 | €8,104 | €22,810 | +€14,706 | +181.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,104 | €22,810 | +€14,706 | +181.5% |
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 11 October 2026 via checked.be.