Houthoofd: 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.
Houthoofd
Largest movements
- Tangible fixed assets -€184,854
down €184,854 (-31.2%), from €591,839 to €406,986
- Cash +€150,325
up €150,325 (+155%), from €96,872 to €247,198
mainly Investment in fixed assets (net) (+€176,221) and Receivables after one year (+€110,447)
- Receivables after one year -€110,447
down €110,447 (-6.1%), from €1.8m to €1.7m
- Other debts -€166,000
down €166,000 (-98.1%), from €169,211 to €3,211
- Profit (loss) carried forward +€97,738
up €97,738 (+47.2%), from €207,216 to €304,954
- Debts after one year -€94,868
down €94,868 (-6.4%), from €1.5m to €1.4m
- Gross operating margin +€55,671
up €55,671 (+68.7%), from €80,985 to €136,656
- Depreciation -€33,339
down €33,339 (-79.4%), from €41,972 to €8,633
- Taxes +€21,535
up €21,535 (+171%), from €12,601 to €34,136
- Financial charges -€7,657
down €7,657 (-12.0%), from €63,987 to €56,329
- Financial income -€6,528
down €6,528 (-7.0%), from €93,131 to €86,603
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 | €2,631,440 | €2,490,140 | -€141,300 | -5.4% |
| Fixed assets | 21/28 | €591,839 | €406,986 | -€184,854 | -31.2% |
| Tangible fixed assets | 22/27 | €591,839 | €406,986 | -€184,854 | -31.2% |
| Land and buildings | 22 | €591,839 | €406,986 | -€184,854 | -31.2% |
| Current assets | 29/58 | €2,039,600 | €2,083,154 | +€43,554 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,819,995 | €1,709,549 | -€110,447 | -6.1% |
| Other amounts receivable | 291 | €1,819,995 | €1,709,549 | -€110,447 | -6.1% |
| Amounts receivable within one year | 40/41 | €122,733 | €126,407 | +€3,675 | +3.0% |
| Trade receivables | 40 | €1,196 | €0 | -€1,196 | -100% |
| Other amounts receivable | 41 | €121,536 | €126,407 | +€4,871 | +4.0% |
| Cash at bank and in hand | 54/58 | €96,872 | €247,198 | +€150,325 | +155% |
| Total equity and liabilities | 10/49 | €2,631,440 | €2,490,140 | -€141,300 | -5.4% |
| Equity | 10/15 | €866,508 | €961,794 | +€95,286 | +11.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €435,680 | €433,839 | -€1,841 | -0.4% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,448 | €14,607 | -€1,841 | -11.2% |
| Distributable reserves | 133 | €399,233 | €399,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,216 | €304,954 | +€97,738 | +47.2% |
| Investment grants | 15 | €23,612 | €23,001 | -€611 | -2.6% |
| Provisions and deferred taxes | 16 | €8,484 | €7,667 | -€817 | -9.6% |
| Deferred taxes | 168 | €8,484 | €7,667 | -€817 | -9.6% |
| Amounts payable | 17/49 | €1,756,447 | €1,520,679 | -€235,768 | -13.4% |
| Amounts payable after more than one year | 17 | €1,472,745 | €1,377,877 | -€94,868 | -6.4% |
| Financial debts | 170/4 | €1,472,745 | €1,377,877 | -€94,868 | -6.4% |
| Amounts payable within one year | 42/48 | €282,608 | €141,675 | -€140,933 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €91,492 | €94,868 | +€3,377 | +3.7% |
| Trade debts | 44 | €9,452 | €9,461 | +€9 | +0.1% |
| Suppliers | 440/4 | €9,452 | €9,461 | +€9 | +0.1% |
| Taxes, remuneration and social security | 45 | €12,454 | €34,136 | +€21,681 | +174% |
| Taxes | 450/3 | €12,454 | €34,136 | +€21,681 | +174% |
| Other amounts payable | 47/48 | €169,211 | €3,211 | -€166,000 | -98.1% |
| Accrued charges and deferred income | 492/3 | €1,094 | €1,126 | +€33 | +3.0% |
| Non-recurring operating income | 76A | - | €70,017 | +€70,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,972 | €8,633 | -€33,339 | -79.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €28,926 | €29,081 | +€155 | +0.5% |
| Gross operating margin | 9900 | €80,985 | €136,656 | +€55,671 | +68.7% |
| Operating profit (loss) | 9901 | €10,086 | €98,942 | +€88,856 | +881% |
| Financial income | 75/76B | €93,131 | €86,603 | -€6,528 | -7.0% |
| Recurring financial income | 75 | €93,131 | €86,603 | -€6,528 | -7.0% |
| Financial charges | 65/66B | €63,987 | €56,329 | -€7,657 | -12.0% |
| Recurring financial charges | 65 | €63,987 | €56,329 | -€7,657 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €39,231 | €129,215 | +€89,985 | +229% |
| Transfer from deferred taxes | 780 | €3,253 | €817 | -€2,436 | -74.9% |
| Income taxes | 67/77 | €12,601 | €34,136 | +€21,535 | +171% |
| Profit (loss) for the period | 9904 | €29,883 | €95,897 | +€66,014 | +221% |
| Transfer from tax-exempt reserves | 789 | €7,334 | €1,841 | -€5,493 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,217 | €97,738 | +€60,521 | +163% |
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 13 October 2026 via checked.be.