HOUTHEEM: 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.
HOUTHEEM
Largest movements
- Tangible fixed assets +€308,033
up €308,033 (+70.6%), from €436,181 to €744,214
of which Land and buildings: +€261,839
- Debts after one year +€315,000
new in 2025: €315,000
- Profit (loss) carried forward -€13,156
down €13,156 (-184%), from -€7,136 to -€20,292
- Gross operating margin -€6,350
down €6,350 (-364%), from -€1,743 to -€8,093
- Other operating charges -€3,192
down €3,192 (-78.4%), from €4,072 to €880
- Depreciation +€2,788
up €2,788 (+94.2%), from €2,961 to €5,749
- Financial income -€587
down €587 (-26.6%), from €2,208 to €1,622
- Financial charges -€513
down €513 (-90.1%), from €569 to €56
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 | €480,746 | €780,677 | +€299,931 | +62.4% |
| Formation expenses | 20 | €2,074 | €1,482 | -€593 | -28.6% |
| Fixed assets | 21/28 | €436,181 | €744,214 | +€308,033 | +70.6% |
| Tangible fixed assets | 22/27 | €436,181 | €744,214 | +€308,033 | +70.6% |
| Land and buildings | 22 | €436,181 | €698,019 | +€261,839 | +60.0% |
| Furniture and vehicles | 24 | - | €46,194 | +€46,194 | |
| Current assets | 29/58 | €42,491 | €34,982 | -€7,510 | -17.7% |
| Amounts receivable within one year | 40/41 | €41,767 | €34,346 | -€7,421 | -17.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €41,767 | €34,346 | -€7,421 | -17.8% |
| Cash at bank and in hand | 54/58 | €724 | €490 | -€234 | -32.3% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €480,746 | €780,677 | +€299,931 | +62.4% |
| Equity | 10/15 | €464,329 | €451,173 | -€13,156 | -2.8% |
| Contributions | 10/11 | €452,580 | €452,580 | = | 0.0% |
| Reserves | 13 | €18,886 | €18,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,886 | €18,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,136 | -€20,292 | -€13,156 | -184% |
| Amounts payable | 17/49 | €16,416 | €329,504 | +€313,087 | +1,907% |
| Amounts payable after more than one year | 17 | - | €315,000 | +€315,000 | |
| Other amounts payable | 178/9 | - | €315,000 | +€315,000 | |
| Amounts payable within one year | 42/48 | €13,378 | €14,108 | +€730 | +5.5% |
| Trade debts | 44 | €1,528 | €231 | -€1,297 | -84.9% |
| Suppliers | 440/4 | €1,528 | €231 | -€1,297 | -84.9% |
| Taxes, remuneration and social security | 45 | €4,399 | - | -€4,399 | |
| Taxes | 450/3 | €4,399 | - | -€4,399 | |
| Other amounts payable | 47/48 | €7,450 | €13,877 | +€6,427 | +86.3% |
| Accrued charges and deferred income | 492/3 | €3,039 | €396 | -€2,643 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,961 | €5,749 | +€2,788 | +94.2% |
| Other operating charges | 640/8 | €4,072 | €880 | -€3,192 | -78.4% |
| Gross operating margin | 9900 | -€1,743 | -€8,093 | -€6,350 | -364% |
| Operating profit (loss) | 9901 | -€8,776 | -€14,722 | -€5,946 | -67.8% |
| Financial income | 75/76B | €2,208 | €1,622 | -€587 | -26.6% |
| Recurring financial income | 75 | €2,208 | €1,622 | -€587 | -26.6% |
| Financial charges | 65/66B | €569 | €56 | -€513 | -90.1% |
| Recurring financial charges | 65 | €569 | €56 | -€513 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,136 | -€13,156 | -€6,020 | -84.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,136 | -€13,156 | -€6,020 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,136 | -€13,156 | -€6,020 | -84.4% |
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 19 October 2026 via checked.be.