HOUTSTUDIO: what changed
HOUTSTUDIO
Largest movements
- Tangible fixed assets -€15,852
down €15,852 (-6.5%), from €245,651 to €229,799
of which Land and buildings: -€10,586
- Cash -€8,923
no longer reported in 2025 (was €8,923)
mainly Debts after one year (-€23,629) and Trade debts (-€8,235)
- Stocks and contracts +€5,750
up €5,750 (+275%), from €2,090 to €7,840
- Receivables within one year -€4,973
down €4,973 (-31.1%), from €15,971 to €10,998
of which Trade receivables: -€7,457
- Deferred charges and accrued income +€3,433
new in 2025: €3,433
- Debts after one year -€23,629
down €23,629 (-18.5%), from €127,983 to €104,354
- Other debts +€12,654
up €12,654 (+48.9%), from €25,893 to €38,547
- Trade debts -€8,235
down €8,235 (-44.3%), from €18,582 to €10,347
- Tax, wage and social debts -€6,296
down €6,296 (-76.6%), from €8,219 to €1,923
of which Taxes: -€5,296
- Gross operating margin -€18,067
down €18,067 (-37.5%), from €48,204 to €30,137
- Taxes -€5,283
down €5,283 (-73.2%), from €7,218 to €1,935
- Financial charges +€2,592
up €2,592 (+32.3%), from €8,027 to €10,619
of which Non-recurring financial charges: +€5,380
- Financial income +€1,896
up €1,896 (+189,571%), from €1 to €1,897
- Depreciation -€1,048
down €1,048 (-7.1%), from €14,669 to €13,621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,885 | €252,361 | -€20,524 | -7.5% |
| Fixed assets | 21/28 | €245,651 | €229,799 | -€15,852 | -6.5% |
| Tangible fixed assets | 22/27 | €245,651 | €229,799 | -€15,852 | -6.5% |
| Land and buildings | 22 | €209,131 | €198,545 | -€10,586 | -5.1% |
| Plant, machinery and equipment | 23 | €35,376 | €29,165 | -€6,211 | -17.6% |
| Furniture and vehicles | 24 | €1,144 | €889 | -€255 | -22.3% |
| Other tangible fixed assets | 26 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €27,234 | €22,561 | -€4,673 | -17.2% |
| Stocks and contracts in progress | 3 | €2,090 | €7,840 | +€5,750 | +275% |
| Stocks | 30/36 | €2,090 | €7,840 | +€5,750 | +275% |
| Amounts receivable within one year | 40/41 | €15,971 | €10,998 | -€4,973 | -31.1% |
| Trade receivables | 40 | €15,126 | €7,669 | -€7,457 | -49.3% |
| Other amounts receivable | 41 | €845 | €3,328 | +€2,483 | +294% |
| Current investments | 50/53 | €250 | €292 | +€42 | +16.6% |
| Cash at bank and in hand | 54/58 | €8,923 | - | -€8,923 | |
| Deferred charges and accrued income | 490/1 | - | €3,433 | +€3,433 | |
| Total equity and liabilities | 10/49 | €272,885 | €252,361 | -€20,524 | -7.5% |
| Equity | 10/15 | €70,820 | €73,491 | +€2,671 | +3.8% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €48,320 | €50,991 | +€2,671 | +5.5% |
| Non-distributable reserves | 130/1 | €2,250 | - | -€2,250 | |
| Reserves not available under the articles | 1311 | €2,250 | - | -€2,250 | |
| Distributable reserves | 133 | €46,070 | €50,991 | +€4,921 | +10.7% |
| Amounts payable | 17/49 | €202,065 | €178,870 | -€23,195 | -11.5% |
| Amounts payable after more than one year | 17 | €127,983 | €104,354 | -€23,629 | -18.5% |
| Financial debts | 170/4 | €127,983 | €104,354 | -€23,629 | -18.5% |
| Amounts payable within one year | 42/48 | €74,082 | €74,516 | +€434 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €21,388 | €21,601 | +€213 | +1.0% |
| Financial debts | 43 | - | €2,098 | +€2,098 | |
| Credit institutions | 430/8 | - | €2,098 | +€2,098 | |
| Trade debts | 44 | €18,582 | €10,347 | -€8,235 | -44.3% |
| Suppliers | 440/4 | €18,582 | €10,347 | -€8,235 | -44.3% |
| Taxes, remuneration and social security | 45 | €8,219 | €1,923 | -€6,296 | -76.6% |
| Taxes | 450/3 | €7,219 | €1,923 | -€5,296 | -73.4% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €25,893 | €38,547 | +€12,654 | +48.9% |
| Remuneration, social security and pensions | 62 | - | €123 | +€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,669 | €13,621 | -€1,048 | -7.1% |
| Other operating charges | 640/8 | €3,088 | €3,064 | -€24 | -0.8% |
| Gross operating margin | 9900 | €48,204 | €30,137 | -€18,067 | -37.5% |
| Operating profit (loss) | 9901 | €30,447 | €13,329 | -€17,118 | -56.2% |
| Financial income | 75/76B | €1 | €1,897 | +€1,896 | +189,571% |
| Recurring financial income | 75 | €1 | €1,897 | +€1,896 | +189,571% |
| Financial charges | 65/66B | €8,027 | €10,619 | +€2,592 | +32.3% |
| Recurring financial charges | 65 | €8,027 | €5,240 | -€2,787 | -34.7% |
| Non-recurring financial charges | 66B | - | €5,380 | +€5,380 | |
| Profit (loss) for the period before taxes | 9903 | €22,421 | €4,606 | -€17,815 | -79.5% |
| Income taxes | 67/77 | €7,218 | €1,935 | -€5,283 | -73.2% |
| Profit (loss) for the period | 9904 | €15,203 | €2,671 | -€12,532 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,203 | €2,671 | -€12,532 | -82.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.