Houtmakers: what changed
Two fiscal 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.
Houtmakers
Largest movements
- Stocks and contracts -€22,150
down €22,150 (-32.2%), from €68,750 to €46,600
of which Contracts in progress: -€14,750
- Receivables within one year -€12,726
down €12,726 (-36.8%), from €34,610 to €21,884
of which Trade receivables: -€7,395
- Tangible fixed assets -€5,131
down €5,131 (-72.9%), from €7,036 to €1,905
of which Leasing and similar rights: -€4,622
- Cash -€3,763
down €3,763 (-40.5%), from €9,287 to €5,524
mainly Trade debts (-€22,197) and Other debts (-€20,106)
- Trade debts -€22,197
down €22,197 (-48.0%), from €46,264 to €24,067
- Other debts -€20,106
down €20,106 (-42.6%), from €47,169 to €27,063
- Current portion of long-term debt -€4,256
down €4,256 (-83.8%), from €5,077 to €821
- Tax, wage and social debts +€2,251
up €2,251 (+323.4%), from €696 to €2,947
- Other operating charges +€745
up €745 (+409.7%), from €182 to €927
- Staff costs +€503
no longer reported in 2025 (was -€503)
- Depreciation -€444
down €444 (-7.5%), from €5,913 to €5,469
- Gross operating margin +€215
up €215 (+2.8%), from €7,723 to €7,938
- Financial income +€138
up €138 (+37.2%), from €371 to €509
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.
Cash bridge derived
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 | €120,199 | €76,016 | -€44,182 | -36.8% |
| Fixed assets | 21/28 | €7,036 | €1,905 | -€5,131 | -72.9% |
| Tangible fixed assets | 22/27 | €7,036 | €1,905 | -€5,131 | -72.9% |
| Plant, machinery and equipment | 23 | €1,531 | €1,023 | -€509 | -33.2% |
| Leasing and similar rights | 25 | €5,505 | €882 | -€4,622 | -84.0% |
| Current assets | 29/58 | €113,162 | €74,111 | -€39,051 | -34.5% |
| Stocks and contracts in progress | 3 | €68,750 | €46,600 | -€22,150 | -32.2% |
| Stocks | 30/36 | €21,500 | €14,100 | -€7,400 | -34.4% |
| Contracts in progress | 37 | €47,250 | €32,500 | -€14,750 | -31.2% |
| Amounts receivable within one year | 40/41 | €34,610 | €21,884 | -€12,726 | -36.8% |
| Trade receivables | 40 | €29,179 | €21,784 | -€7,395 | -25.3% |
| Other amounts receivable | 41 | €5,431 | €100 | -€5,331 | -98.2% |
| Cash at bank and in hand | 54/58 | €9,287 | €5,524 | -€3,763 | -40.5% |
| Deferred charges and accrued income | 490/1 | €516 | €103 | -€412 | -80.0% |
| Total equity and liabilities | 10/49 | €120,199 | €76,016 | -€44,182 | -36.8% |
| Equity | 10/15 | €20,172 | €21,118 | +€946 | +4.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,172 | €5,172 | = | 0.0% |
| Distributable reserves | 133 | €5,172 | €5,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €946 | +€946 | |
| Amounts payable | 17/49 | €100,027 | €54,898 | -€45,129 | -45.1% |
| Amounts payable after more than one year | 17 | €821 | €0 | -€821 | -100.0% |
| Financial debts | 170/4 | €821 | €0 | -€821 | -100.0% |
| Amounts payable within one year | 42/48 | €99,206 | €54,898 | -€44,308 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €5,077 | €821 | -€4,256 | -83.8% |
| Trade debts | 44 | €46,264 | €24,067 | -€22,197 | -48.0% |
| Suppliers | 440/4 | €46,264 | €24,067 | -€22,197 | -48.0% |
| Taxes, remuneration and social security | 45 | €696 | €2,947 | +€2,251 | +323.4% |
| Taxes | 450/3 | €696 | €2,947 | +€2,251 | +323.4% |
| Other amounts payable | 47/48 | €47,169 | €27,063 | -€20,106 | -42.6% |
| Remuneration, social security and pensions | 62 | -€503 | - | +€503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,913 | €5,469 | -€444 | -7.5% |
| Other operating charges | 640/8 | €182 | €927 | +€745 | +409.7% |
| Gross operating margin | 9900 | €7,723 | €7,938 | +€215 | +2.8% |
| Operating profit (loss) | 9901 | €2,131 | €1,542 | -€589 | -27.7% |
| Financial income | 75/76B | €371 | €509 | +€138 | +37.2% |
| Recurring financial income | 75 | €371 | €509 | +€138 | +37.2% |
| Financial charges | 65/66B | €657 | €559 | -€98 | -14.9% |
| Recurring financial charges | 65 | €657 | €559 | -€98 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €1,845 | €1,492 | -€353 | -19.1% |
| Income taxes | 67/77 | €597 | €546 | -€51 | -8.6% |
| Profit (loss) for the period | 9904 | €1,248 | €946 | -€302 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,248 | €946 | -€302 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.