HOUTUM: 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.
HOUTUM
Largest movements
- Tangible fixed assets -€89,890
down €89,890 (-14.3%), from €627,687 to €537,797
of which Land and buildings: -€79,059
- Cash -€30,019
down €30,019 (-65.2%), from €46,031 to €16,011
mainly Debts after one year (-€139,642) and Trade debts (-€30,163)
- Debts after one year -€139,642
down €139,642 (-9.3%), from €1.5m to €1.4m
- Trade debts -€30,163
down €30,163 (-68.0%), from €44,365 to €14,202
- Current portion of long-term debt +€22,444
up €22,444 (+16.6%), from €135,101 to €157,545
- Advances received +€21,029
up €21,029 (+74.4%), from €28,252 to €49,280
- Gross operating margin +€81,138
up €81,138 (+33.0%), from €246,062 to €327,200
- Staff costs +€13,438
up €13,438 (+10.8%), from €124,371 to €137,809
- Depreciation +€9,606
up €9,606 (+9.7%), from €99,251 to €108,857
- Financial charges +€4,414
up €4,414 (+8.9%), from €49,355 to €53,769
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 | €1,981,282 | €1,843,512 | -€137,771 | -7.0% |
| Fixed assets | 21/28 | €1,857,687 | €1,768,297 | -€89,390 | -4.8% |
| Tangible fixed assets | 22/27 | €627,687 | €537,797 | -€89,890 | -14.3% |
| Land and buildings | 22 | €592,112 | €513,053 | -€79,059 | -13.4% |
| Plant, machinery and equipment | 23 | €26,121 | €23,070 | -€3,051 | -11.7% |
| Furniture and vehicles | 24 | €9,453 | €1,674 | -€7,779 | -82.3% |
| Financial fixed assets | 28 | €1,230,000 | €1,230,500 | +€500 | 0.0% |
| Current assets | 29/58 | €123,596 | €75,215 | -€48,381 | -39.1% |
| Stocks and contracts in progress | 3 | €68,092 | €53,629 | -€14,463 | -21.2% |
| Stocks | 30/36 | €68,092 | €53,629 | -€14,463 | -21.2% |
| Amounts receivable within one year | 40/41 | €9,473 | €5,335 | -€4,139 | -43.7% |
| Other amounts receivable | 41 | €9,473 | €5,335 | -€4,139 | -43.7% |
| Cash at bank and in hand | 54/58 | €46,031 | €16,011 | -€30,019 | -65.2% |
| Deferred charges and accrued income | 490/1 | €0 | €240 | +€240 | |
| Total equity and liabilities | 10/49 | €1,981,282 | €1,843,512 | -€137,771 | -7.0% |
| Equity | 10/15 | €132,850 | €136,544 | +€3,694 | +2.8% |
| Contributions | 10/11 | €86,600 | €86,600 | = | 0.0% |
| Capital | 10 | - | €86,600 | +€86,600 | |
| Issued capital | 100 | - | €86,600 | +€86,600 | |
| Contributions outside capital | 11 | €86,600 | - | -€86,600 | |
| Other | 1109/19 | €86,600 | - | -€86,600 | |
| Profit (loss) carried forward | 14 | €46,250 | €49,944 | +€3,694 | +8.0% |
| Amounts payable | 17/49 | €1,848,432 | €1,706,967 | -€141,465 | -7.7% |
| Amounts payable after more than one year | 17 | €1,498,454 | €1,358,812 | -€139,642 | -9.3% |
| Financial debts | 170/4 | €1,498,454 | €1,358,812 | -€139,642 | -9.3% |
| Amounts payable within one year | 42/48 | €349,979 | €348,155 | -€1,823 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €135,101 | €157,545 | +€22,444 | +16.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €44,365 | €14,202 | -€30,163 | -68.0% |
| Suppliers | 440/4 | €44,365 | €14,202 | -€30,163 | -68.0% |
| Advances received on contracts in progress | 46 | €28,252 | €49,280 | +€21,029 | +74.4% |
| Taxes, remuneration and social security | 45 | €13,483 | €11,646 | -€1,837 | -13.6% |
| Remuneration and social security | 454/9 | €13,483 | €11,646 | -€1,837 | -13.6% |
| Other amounts payable | 47/48 | €78,778 | €65,482 | -€13,296 | -16.9% |
| Non-recurring operating income | 76A | - | €22,727 | +€22,727 | |
| Remuneration, social security and pensions | 62 | €124,371 | €137,809 | +€13,438 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,251 | €108,857 | +€9,606 | +9.7% |
| Other operating charges | 640/8 | €21,212 | €20,970 | -€242 | -1.1% |
| Gross operating margin | 9900 | €246,062 | €327,200 | +€81,138 | +33.0% |
| Operating profit (loss) | 9901 | €1,227 | €59,563 | +€58,336 | +4,755% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €49,355 | €53,769 | +€4,414 | +8.9% |
| Recurring financial charges | 65 | €49,355 | €53,769 | +€4,414 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,128 | €5,839 | +€53,967 | |
| Income taxes | 67/77 | €2,467 | €2,145 | -€322 | -13.1% |
| Profit (loss) for the period | 9904 | -€50,595 | €3,694 | +€54,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,595 | €3,694 | +€54,289 |
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 18 October 2026 via checked.be.