Houtlander: 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.
Houtlander
Largest movements
- Receivables within one year +€30,765
up €30,765 (+79.2%), from €38,859 to €69,624
of which Other amounts receivable: +€18,384
- Tangible fixed assets -€24,087
down €24,087 (-25.3%), from €95,126 to €71,038
of which Furniture and vehicles: -€12,528
- Cash +€18,215
up €18,215 (+131%), from €13,884 to €32,099
mainly Trade debts (+€38,014) and Depreciation (+€26,595)
- Trade debts +€38,014
up €38,014 (+579%), from €6,564 to €44,578
- Debts after one year -€16,211
down €16,211 (-42.0%), from €38,616 to €22,405
- Reserves +€8,764
up €8,764 (+13.5%), from €65,077 to €73,841
- Tax, wage and social debts -€6,186
down €6,186 (-60.4%), from €10,248 to €4,062
of which Taxes: -€4,333
- Current portion of long-term debt -€2,866
down €2,866 (-18.5%), from €15,502 to €12,636
- Gross operating margin -€56,882
down €56,882 (-57.5%), from €98,937 to €42,055
- Taxes -€14,068
down €14,068 (-83.7%), from €16,812 to €2,743
- Depreciation +€12,281
up €12,281 (+85.8%), from €14,314 to €26,595
- Financial charges +€1,039
up €1,039 (+96.3%), from €1,080 to €2,119
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 | €151,472 | €174,856 | +€23,385 | +15.4% |
| Fixed assets | 21/28 | €95,126 | €71,038 | -€24,087 | -25.3% |
| Tangible fixed assets | 22/27 | €95,126 | €71,038 | -€24,087 | -25.3% |
| Plant, machinery and equipment | 23 | €57,047 | €45,488 | -€11,560 | -20.3% |
| Furniture and vehicles | 24 | €38,078 | €25,551 | -€12,528 | -32.9% |
| Current assets | 29/58 | €56,346 | €103,818 | +€47,472 | +84.3% |
| Amounts receivable within one year | 40/41 | €38,859 | €69,624 | +€30,765 | +79.2% |
| Trade receivables | 40 | €38,584 | €50,966 | +€12,382 | +32.1% |
| Other amounts receivable | 41 | €275 | €18,659 | +€18,384 | +6,675% |
| Cash at bank and in hand | 54/58 | €13,884 | €32,099 | +€18,215 | +131% |
| Deferred charges and accrued income | 490/1 | €3,603 | €2,095 | -€1,508 | -41.9% |
| Total equity and liabilities | 10/49 | €151,472 | €174,856 | +€23,385 | +15.4% |
| Equity | 10/15 | €70,077 | €78,841 | +€8,764 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,077 | €73,841 | +€8,764 | +13.5% |
| Distributable reserves | 133 | €65,077 | €73,841 | +€8,764 | +13.5% |
| Amounts payable | 17/49 | €81,395 | €96,016 | +€14,621 | +18.0% |
| Amounts payable after more than one year | 17 | €38,616 | €22,405 | -€16,211 | -42.0% |
| Financial debts | 170/4 | €38,616 | €22,405 | -€16,211 | -42.0% |
| Amounts payable within one year | 42/48 | €42,778 | €73,611 | +€30,832 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €15,502 | €12,636 | -€2,866 | -18.5% |
| Trade debts | 44 | €6,564 | €44,578 | +€38,014 | +579% |
| Suppliers | 440/4 | €6,564 | €44,578 | +€38,014 | +579% |
| Taxes, remuneration and social security | 45 | €10,248 | €4,062 | -€6,186 | -60.4% |
| Taxes | 450/3 | €8,395 | €4,062 | -€4,333 | -51.6% |
| Remuneration and social security | 454/9 | €1,853 | €0 | -€1,853 | -100% |
| Other amounts payable | 47/48 | €10,465 | €12,335 | +€1,870 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €26,595 | +€12,281 | +85.8% |
| Other operating charges | 640/8 | €1,654 | €1,836 | +€182 | +11.0% |
| Gross operating margin | 9900 | €98,937 | €42,055 | -€56,882 | -57.5% |
| Operating profit (loss) | 9901 | €82,968 | €13,623 | -€69,345 | -83.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +744% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +744% |
| Financial charges | 65/66B | €1,080 | €2,119 | +€1,039 | +96.3% |
| Recurring financial charges | 65 | €1,080 | €2,119 | +€1,039 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | €81,889 | €11,507 | -€70,382 | -85.9% |
| Income taxes | 67/77 | €16,812 | €2,743 | -€14,068 | -83.7% |
| Profit (loss) for the period | 9904 | €65,077 | €8,764 | -€56,313 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,077 | €8,764 | -€56,313 | -86.5% |
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 15 October 2026 via checked.be.