Houtgracht: 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.
Houtgracht
Largest movements
- Cash +€19,579
up €19,579 (+42.5%), from €46,118 to €65,697
mainly Other debts (+€138,508) and Net result for the year (+€11,424)
- Current investments +€5,013
up €5,013 (+2.3%), from €222,039 to €227,052
- Other debts +€138,508
up €138,508 (+1,220%), from €11,355 to €149,863
- Accrued charges and deferred income -€130,978
down €130,978 (-92.5%), from €141,589 to €10,610
- Reserves +€11,424
up €11,424 (+21.0%), from €54,284 to €65,708
of which Distributable reserves: +€11,424
- Gross operating margin +€7,455
up €7,455 (+30.1%), from €24,755 to €32,210
- Taxes +€4,087
up €4,087 (+169%), from €2,424 to €6,511
- Financial income +€2,936
up €2,936 (+68.5%), from €4,290 to €7,226
- Other operating charges -€1,268
down €1,268 (-23.7%), from €5,342 to €4,074
- Financial charges -€664
down €664 (-5.8%), from €11,465 to €10,801
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 | €306,981 | €327,713 | +€20,732 | +6.8% |
| Fixed assets | 21/28 | €35,474 | €32,906 | -€2,569 | -7.2% |
| Tangible fixed assets | 22/27 | €35,474 | €32,906 | -€2,569 | -7.2% |
| Land and buildings | 22 | €11,966 | €11,218 | -€748 | -6.2% |
| Plant, machinery and equipment | 23 | €175 | €1,687 | +€1,512 | +863% |
| Furniture and vehicles | 24 | €23,333 | €20,000 | -€3,333 | -14.3% |
| Current assets | 29/58 | €271,507 | €294,807 | +€23,301 | +8.6% |
| Stocks and contracts in progress | 3 | €1,591 | €0 | -€1,591 | -100% |
| Stocks | 30/36 | €1,591 | €0 | -€1,591 | -100% |
| Amounts receivable within one year | 40/41 | €693 | - | -€693 | |
| Trade receivables | 40 | €625 | - | -€625 | |
| Other amounts receivable | 41 | €68 | - | -€68 | |
| Current investments | 50/53 | €222,039 | €227,052 | +€5,013 | +2.3% |
| Cash at bank and in hand | 54/58 | €46,118 | €65,697 | +€19,579 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,066 | €2,058 | +€993 | +93.2% |
| Total equity and liabilities | 10/49 | €306,981 | €327,713 | +€20,732 | +6.8% |
| Equity | 10/15 | €149,284 | €160,708 | +€11,424 | +7.7% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Contributions outside capital | 11 | €95,000 | - | -€95,000 | |
| Other | 1109/19 | €95,000 | - | -€95,000 | |
| Reserves | 13 | €54,284 | €65,708 | +€11,424 | +21.0% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €44,784 | €56,208 | +€11,424 | +25.5% |
| Amounts payable | 17/49 | €157,697 | €167,005 | +€9,307 | +5.9% |
| Amounts payable within one year | 42/48 | €16,108 | €156,394 | +€140,286 | +871% |
| Trade debts | 44 | €2,170 | €1,301 | -€869 | -40.0% |
| Suppliers | 440/4 | €2,170 | €1,301 | -€869 | -40.0% |
| Taxes, remuneration and social security | 45 | €2,583 | €5,230 | +€2,647 | +102% |
| Taxes | 450/3 | €2,583 | €5,230 | +€2,647 | +102% |
| Other amounts payable | 47/48 | €11,355 | €149,863 | +€138,508 | +1,220% |
| Accrued charges and deferred income | 492/3 | €141,589 | €10,610 | -€130,978 | -92.5% |
| Remuneration, social security and pensions | 62 | €2,096 | €2,088 | -€8 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,279 | €4,538 | +€259 | +6.0% |
| Other operating charges | 640/8 | €5,342 | €4,074 | -€1,268 | -23.7% |
| Gross operating margin | 9900 | €24,755 | €32,210 | +€7,455 | +30.1% |
| Operating profit (loss) | 9901 | €13,038 | €21,510 | +€8,472 | +65.0% |
| Financial income | 75/76B | €4,290 | €7,226 | +€2,936 | +68.5% |
| Recurring financial income | 75 | €4,290 | €7,226 | +€2,936 | +68.5% |
| Financial charges | 65/66B | €11,465 | €10,801 | -€664 | -5.8% |
| Recurring financial charges | 65 | €11,465 | €10,801 | -€664 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €5,863 | €17,935 | +€12,073 | +206% |
| Income taxes | 67/77 | €2,424 | €6,511 | +€4,087 | +169% |
| Profit (loss) for the period | 9904 | €3,439 | €11,424 | +€7,986 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €3,439 | €11,424 | +€7,986 | +232% |
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 17 October 2026 via checked.be.