HOUTLEI: 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.
What changed
HOUTLEI
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€164,845
2024 · €117,990+€46,855
Equity
€881,351
2024 · €873,368+€7,983
Cash
€242,855
2024 · €239,329+€3,527
Balance sheet total
€2.1m
2024 · €2.2m-€134,181
Largest movements
Assets
- Tangible fixed assets -€311,100
down €311,100 (-16.2%), from €1.9m to €1.6m
of which Land and buildings: -€311,086
- Financial fixed assets +€199,800
up €199,800 (+16,790%), from €1,190 to €200,990
- Receivables within one year -€30,379
down €30,379 (-51.0%), from €59,515 to €29,136
of which Other amounts receivable: -€15,768
Equity and liabilities
- Debts after one year -€82,264
down €82,264 (-7.2%), from €1.1m to €1.1m
- Advances received -€42,350
down €42,350 (-100%), from €42,350 to €0
Income statement
- Depreciation -€72,240
down €72,240 (-57.3%), from €126,179 to €53,939
- Taxes +€21,993
up €21,993 (+44.5%), from €49,372 to €71,365
- Financial charges +€21,543
up €21,543 (+102%), from €21,119 to €42,662
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.
Result 2024
€117,990
Gross operating margin
-€1,559
Depreciation
+€72,240
Other operating charges
-€2,707
Other operating items
+€24,000
Financial income
-€1,583
Financial charges
-€21,543
Taxes
-€21,993
Result 2025
€164,845
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€187,556
Investment
+€57,361
Financing
-€241,390
Cash 2024
€239,329
From operations (derived)
+€187,556
Net result for the year
+€164,845
Depreciation
+€53,939
Receivables within one year
+€30,379
Deferred charges and accrued income
-€3,970
Trade debts
+€2,870
Tax, wage and social debts
-€18,491
Advances received
-€42,350
Other debts
+€335
Investment (derived)
+€57,361
Investment in fixed assets (net)
+€57,361
Financing
-€241,390
Debts after one year
-€82,264
Current portion of long-term debt
+€420
Short-term financial debts
-€2,685
Contributions, distributions and other
-€156,861
Cash 2025
€242,855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,478 | €2,084,297 | -€134,181 | -6.0% |
| Fixed assets | 21/28 | €1,919,403 | €1,808,103 | -€111,300 | -5.8% |
| Tangible fixed assets | 22/27 | €1,918,213 | €1,607,113 | -€311,100 | -16.2% |
| Land and buildings | 22 | €1,915,804 | €1,604,718 | -€311,086 | -16.2% |
| Plant, machinery and equipment | 23 | €1,959 | €2,391 | +€432 | +22.1% |
| Furniture and vehicles | 24 | €450 | €4 | -€446 | -99.2% |
| Financial fixed assets | 28 | €1,190 | €200,990 | +€199,800 | +16,790% |
| Current assets | 29/58 | €299,075 | €276,193 | -€22,882 | -7.7% |
| Amounts receivable within one year | 40/41 | €59,515 | €29,136 | -€30,379 | -51.0% |
| Trade receivables | 40 | €38,811 | €24,200 | -€14,611 | -37.6% |
| Other amounts receivable | 41 | €20,704 | €4,936 | -€15,768 | -76.2% |
| Cash at bank and in hand | 54/58 | €239,329 | €242,855 | +€3,527 | +1.5% |
| Deferred charges and accrued income | 490/1 | €231 | €4,202 | +€3,970 | +1,716% |
| Total equity and liabilities | 10/49 | €2,218,478 | €2,084,297 | -€134,181 | -6.0% |
| Equity | 10/15 | €873,368 | €881,351 | +€7,983 | +0.9% |
| Contributions | 10/11 | €308,600 | €308,600 | = | 0.0% |
| Reserves | 13 | €595,611 | €603,595 | +€7,983 | +1.3% |
| Distributable reserves | 133 | €595,611 | €603,595 | +€7,983 | +1.3% |
| Profit (loss) carried forward | 14 | -€30,844 | -€30,844 | = | 0.0% |
| Amounts payable | 17/49 | €1,345,110 | €1,202,945 | -€142,165 | -10.6% |
| Amounts payable after more than one year | 17 | €1,149,672 | €1,067,408 | -€82,264 | -7.2% |
| Financial debts | 170/4 | €1,149,672 | €1,067,408 | -€82,264 | -7.2% |
| Amounts payable within one year | 42/48 | €195,438 | €135,538 | -€59,901 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €31,693 | €32,112 | +€420 | +1.3% |
| Financial debts | 43 | €52,836 | €50,152 | -€2,685 | -5.1% |
| Credit institutions | 430/8 | €52,836 | €50,152 | -€2,685 | -5.1% |
| Trade debts | 44 | €3,711 | €6,581 | +€2,870 | +77.3% |
| Suppliers | 440/4 | €3,711 | €6,581 | +€2,870 | +77.3% |
| Advances received on contracts in progress | 46 | €42,350 | €0 | -€42,350 | -100% |
| Taxes, remuneration and social security | 45 | €64,666 | €46,175 | -€18,491 | -28.6% |
| Taxes | 450/3 | €64,666 | €46,175 | -€18,491 | -28.6% |
| Other amounts payable | 47/48 | €183 | €518 | +€335 | +184% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,179 | €53,939 | -€72,240 | -57.3% |
| Other operating charges | 640/8 | €4,846 | €7,553 | +€2,707 | +55.9% |
| Non-recurring operating charges | 66A | €24,000 | €0 | -€24,000 | -100% |
| Gross operating margin | 9900 | €341,922 | €340,364 | -€1,559 | -0.5% |
| Operating profit (loss) | 9901 | €186,897 | €278,872 | +€91,975 | +49.2% |
| Financial income | 75/76B | €1,583 | €0 | -€1,583 | -100% |
| Recurring financial income | 75 | €1,583 | €0 | -€1,583 | -100% |
| Financial charges | 65/66B | €21,119 | €42,662 | +€21,543 | +102% |
| Recurring financial charges | 65 | €21,119 | €42,662 | +€21,543 | +102% |
| Profit (loss) for the period before taxes | 9903 | €167,362 | €236,209 | +€68,848 | +41.1% |
| Income taxes | 67/77 | €49,372 | €71,365 | +€21,993 | +44.5% |
| Profit (loss) for the period | 9904 | €117,990 | €164,845 | +€46,855 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €117,990 | €164,845 | +€46,855 | +39.7% |
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 14 October 2026 via checked.be.