HOUTHOEKSHOP: 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.
HOUTHOEKSHOP
Largest movements
- Cash -€69,706
down €69,706 (-65.9%), from €105,749 to €36,043
mainly Other debts (-€40,408) and Investment in fixed assets (net) (-€30,000)
- Tangible fixed assets +€12,593
up €12,593 (+3.8%), from €329,735 to €342,328
of which Furniture and vehicles: +€25,094
- Stocks and contracts +€10,458
up €10,458 (+21.1%), from €49,603 to €60,061
of which Contracts in progress: +€21,400
- Receivables within one year +€9,113
up €9,113 (+31.2%), from €29,188 to €38,302
of which Other amounts receivable: +€9,470
- Other debts -€40,408
down €40,408 (-90.9%), from €44,459 to €4,051
- Reserves +€18,000
up €18,000 (+11.0%), from €163,860 to €181,860
of which Distributable reserves: +€18,000
- Tax, wage and social debts -€16,222
down €16,222 (-50.6%), from €32,036 to €15,814
of which Taxes: -€11,449
- Staff costs +€33,339
up €33,339 (+17.1%), from €194,544 to €227,883
- Gross operating margin -€20,372
down €20,372 (-6.7%), from €306,147 to €285,775
- Taxes -€13,337
down €13,337 (-65.2%), from €20,463 to €7,126
- Other operating charges -€4,136
down €4,136 (-40.3%), from €10,266 to €6,130
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 | €523,175 | €486,735 | -€36,440 | -7.0% |
| Fixed assets | 21/28 | €329,735 | €342,328 | +€12,593 | +3.8% |
| Tangible fixed assets | 22/27 | €329,735 | €342,328 | +€12,593 | +3.8% |
| Land and buildings | 22 | €325,492 | €313,594 | -€11,898 | -3.7% |
| Plant, machinery and equipment | 23 | €1,573 | €970 | -€603 | -38.3% |
| Furniture and vehicles | 24 | €2,671 | €27,764 | +€25,094 | +940% |
| Current assets | 29/58 | €193,439 | €144,406 | -€49,033 | -25.3% |
| Stocks and contracts in progress | 3 | €49,603 | €60,061 | +€10,458 | +21.1% |
| Stocks | 30/36 | €49,603 | €38,661 | -€10,942 | -22.1% |
| Contracts in progress | 37 | - | €21,400 | +€21,400 | |
| Amounts receivable within one year | 40/41 | €29,188 | €38,302 | +€9,113 | +31.2% |
| Trade receivables | 40 | €28,668 | €28,311 | -€357 | -1.2% |
| Other amounts receivable | 41 | €521 | €9,991 | +€9,470 | +1,819% |
| Cash at bank and in hand | 54/58 | €105,749 | €36,043 | -€69,706 | -65.9% |
| Deferred charges and accrued income | 490/1 | €8,898 | €10,000 | +€1,102 | +12.4% |
| Total equity and liabilities | 10/49 | €523,175 | €486,735 | -€36,440 | -7.0% |
| Equity | 10/15 | €186,045 | €204,866 | +€18,821 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,860 | €181,860 | +€18,000 | +11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,000 | €180,000 | +€18,000 | +11.1% |
| Profit (loss) carried forward | 14 | €3,585 | €4,406 | +€821 | +22.9% |
| Amounts payable | 17/49 | €337,130 | €281,869 | -€55,261 | -16.4% |
| Amounts payable after more than one year | 17 | €231,937 | €235,008 | +€3,070 | +1.3% |
| Financial debts | 170/4 | €181,937 | €165,008 | -€16,930 | -9.3% |
| Other amounts payable | 178/9 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Amounts payable within one year | 42/48 | €105,193 | €46,861 | -€58,332 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €16,323 | €16,930 | +€607 | +3.7% |
| Trade debts | 44 | €12,375 | €10,066 | -€2,309 | -18.7% |
| Suppliers | 440/4 | €12,375 | €10,066 | -€2,309 | -18.7% |
| Taxes, remuneration and social security | 45 | €32,036 | €15,814 | -€16,222 | -50.6% |
| Taxes | 450/3 | €27,263 | €15,814 | -€11,449 | -42.0% |
| Remuneration and social security | 454/9 | €4,773 | - | -€4,773 | |
| Other amounts payable | 47/48 | €44,459 | €4,051 | -€40,408 | -90.9% |
| Remuneration, social security and pensions | 62 | €194,544 | €227,883 | +€33,339 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,039 | €17,407 | -€632 | -3.5% |
| Other operating charges | 640/8 | €10,266 | €6,130 | -€4,136 | -40.3% |
| Gross operating margin | 9900 | €306,147 | €285,775 | -€20,372 | -6.7% |
| Operating profit (loss) | 9901 | €83,298 | €34,355 | -€48,943 | -58.8% |
| Financial income | 75/76B | €897 | €101 | -€796 | -88.8% |
| Recurring financial income | 75 | €897 | €101 | -€796 | -88.8% |
| Financial charges | 65/66B | €11,078 | €8,509 | -€2,569 | -23.2% |
| Recurring financial charges | 65 | €11,078 | €8,509 | -€2,569 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €73,118 | €25,947 | -€47,171 | -64.5% |
| Income taxes | 67/77 | €20,463 | €7,126 | -€13,337 | -65.2% |
| Profit (loss) for the period | 9904 | €52,655 | €18,821 | -€33,834 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,655 | €18,821 | -€33,834 | -64.3% |
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 22 October 2026 via checked.be.