HOUTHOOFD - DENORME: what changed
What changed
HOUTHOOFD - DENORME
NACE 31.002, Manufacture of furniture
filed annual accounts (NBB)
Net result for the year
€69,861
2025 · -€25,668+€95,529
Equity
€34,414
2025 · -€35,447+€69,861
Cash
€118
2025 · €4+€114
Balance sheet total
€180,704
2025 · €131,350+€49,355
Largest movements
Assets
- Tangible fixed assets +€99,729
up €99,729 (+124%), from €80,271 to €180,000
of which Land and buildings: +€104,592
- Stocks and contracts -€44,450
no longer reported in 2026 (was €44,450)
- Receivables within one year -€5,372
down €5,372 (-91.4%), from €5,875 to €503
of which Trade receivables: -€3,039
Equity and liabilities
- Profit (loss) carried forward +€55,907
no longer reported in 2026 (was -€55,907)
- Short-term financial debts -€34,970
no longer reported in 2026 (was €34,970)
- Other debts +€21,000
new in 2026: €21,000
- Reserves +€13,954
up €13,954 (+750%), from €1,860 to €15,814
- Current portion of long-term debt -€3,443
no longer reported in 2026 (was €3,443)
Income statement
- Gross operating margin +€93,013
up €93,013, from -€11,834 to €81,179
- Depreciation -€3,912
down €3,912 (-71.0%), from €5,508 to €1,596
- Taxes +€1,395
new in 2026: €1,395
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€25,668
Gross operating margin
+€93,013
Depreciation
+€3,912
Other operating charges
+€193
Financial charges
-€194
Taxes
-€1,395
Result 2026
€69,861
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€139,852
Investment
-€101,325
Financing
-€38,413
Cash 2025
€4
From operations (derived)
+€139,852
Net result for the year
+€69,861
Depreciation
+€1,596
Stocks and contracts
+€44,450
Receivables within one year
+€5,372
Deferred charges and accrued income
+€667
Trade debts
-€2,665
Tax, wage and social debts
-€43
Other debts
+€21,000
Accrued charges and deferred income
-€386
Investment (derived)
-€101,325
Investment in fixed assets (net)
-€101,325
Financing
-€38,413
Current portion of long-term debt
-€3,443
Short-term financial debts
-€34,970
Cash 2026
€118
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,350 | €180,704 | +€49,355 | +37.6% |
| Fixed assets | 21/28 | €80,354 | €180,083 | +€99,729 | +124% |
| Tangible fixed assets | 22/27 | €80,271 | €180,000 | +€99,729 | +124% |
| Land and buildings | 22 | €75,408 | €180,000 | +€104,592 | +139% |
| Plant, machinery and equipment | 23 | €2,350 | - | -€2,350 | |
| Furniture and vehicles | 24 | €2,513 | - | -€2,513 | |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €50,996 | €622 | -€50,374 | -98.8% |
| Stocks and contracts in progress | 3 | €44,450 | - | -€44,450 | |
| Stocks | 30/36 | €44,450 | - | -€44,450 | |
| Amounts receivable within one year | 40/41 | €5,875 | €503 | -€5,372 | -91.4% |
| Trade receivables | 40 | €3,474 | €435 | -€3,039 | -87.5% |
| Other amounts receivable | 41 | €2,400 | €68 | -€2,332 | -97.2% |
| Cash at bank and in hand | 54/58 | €4 | €118 | +€114 | +2,614% |
| Deferred charges and accrued income | 490/1 | €667 | - | -€667 | |
| Total equity and liabilities | 10/49 | €131,350 | €180,704 | +€49,355 | +37.6% |
| Equity | 10/15 | -€35,447 | €34,414 | +€69,861 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,814 | +€13,954 | +750% |
| Distributable reserves | 133 | €1,860 | €15,814 | +€13,954 | +750% |
| Profit (loss) carried forward | 14 | -€55,907 | - | +€55,907 | |
| Amounts payable | 17/49 | €166,797 | €146,291 | -€20,506 | -12.3% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,411 | €21,291 | -€20,121 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €3,443 | - | -€3,443 | |
| Financial debts | 43 | €34,970 | - | -€34,970 | |
| Credit institutions | 430/8 | €34,970 | - | -€34,970 | |
| Trade debts | 44 | €2,665 | - | -€2,665 | |
| Suppliers | 440/4 | €2,665 | - | -€2,665 | |
| Taxes, remuneration and social security | 45 | €333 | €290 | -€43 | -12.9% |
| Taxes | 450/3 | €333 | €290 | -€43 | -12.9% |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Accrued charges and deferred income | 492/3 | €386 | - | -€386 | |
| Non-recurring operating income | 76A | - | €126,012 | +€126,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,508 | €1,596 | -€3,912 | -71.0% |
| Other operating charges | 640/8 | €4,940 | €4,747 | -€193 | -3.9% |
| Gross operating margin | 9900 | -€11,834 | €81,179 | +€93,013 | |
| Operating profit (loss) | 9901 | -€22,281 | €74,837 | +€97,118 | |
| Financial charges | 65/66B | €3,387 | €3,580 | +€194 | +5.7% |
| Recurring financial charges | 65 | €3,387 | €3,580 | +€194 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,668 | €71,256 | +€96,924 | |
| Income taxes | 67/77 | - | €1,395 | +€1,395 | |
| Profit (loss) for the period | 9904 | -€25,668 | €69,861 | +€95,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,668 | €69,861 | +€95,529 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.