HOUTVELD STABLES: 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.
HOUTVELD STABLES
Largest movements
- Cash -€24,886
down €24,886 (-54.7%), from €45,461 to €20,575
mainly Stocks and contracts (-€7,963) and Trade debts (-€7,660)
- Stocks and contracts +€7,963
up €7,963 (+4.5%), from €178,943 to €186,906
- Receivables within one year +€7,399
up €7,399 (+456%), from €1,624 to €9,023
of which Trade receivables: +€7,399
- Tangible fixed assets -€7,289
down €7,289 (-24.1%), from €30,193 to €22,903
of which Plant, machinery and equipment: -€3,775
- Trade debts -€7,660
down €7,660 (-54.6%), from €14,037 to €6,377
- Profit (loss) carried forward -€4,743
down €4,743 (-3.5%), from -€135,780 to -€140,524
- Tax, wage and social debts -€2,694
down €2,694 (-36.4%), from €7,395 to €4,701
of which Taxes: -€2,694
- Gross operating margin -€62,896
down €62,896 (-87.0%), from €72,254 to €9,358
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 | €256,252 | €239,419 | -€16,833 | -6.6% |
| Fixed assets | 21/28 | €30,193 | €22,903 | -€7,289 | -24.1% |
| Tangible fixed assets | 22/27 | €30,193 | €22,903 | -€7,289 | -24.1% |
| Plant, machinery and equipment | 23 | €25,226 | €21,451 | -€3,775 | -15.0% |
| Furniture and vehicles | 24 | €4,967 | €1,452 | -€3,515 | -70.8% |
| Current assets | 29/58 | €226,059 | €216,516 | -€9,543 | -4.2% |
| Stocks and contracts in progress | 3 | €178,943 | €186,906 | +€7,963 | +4.5% |
| Stocks | 30/36 | €178,943 | €186,906 | +€7,963 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,624 | €9,023 | +€7,399 | +456% |
| Trade receivables | 40 | €1,624 | €9,023 | +€7,399 | +456% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €45,461 | €20,575 | -€24,886 | -54.7% |
| Deferred charges and accrued income | 490/1 | €31 | €12 | -€19 | -60.4% |
| Total equity and liabilities | 10/49 | €256,252 | €239,419 | -€16,833 | -6.6% |
| Equity | 10/15 | -€117,188 | -€121,932 | -€4,743 | -4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€135,780 | -€140,524 | -€4,743 | -3.5% |
| Amounts payable | 17/49 | €373,440 | €361,351 | -€12,089 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €373,440 | €361,351 | -€12,089 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €1,080 | €0 | -€1,080 | -100% |
| Trade debts | 44 | €14,037 | €6,377 | -€7,660 | -54.6% |
| Suppliers | 440/4 | €14,037 | €6,377 | -€7,660 | -54.6% |
| Taxes, remuneration and social security | 45 | €7,395 | €4,701 | -€2,694 | -36.4% |
| Taxes | 450/3 | €7,395 | €4,701 | -€2,694 | -36.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €350,929 | €350,273 | -€656 | -0.2% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,741 | €13,412 | +€671 | +5.3% |
| Other operating charges | 640/8 | €436 | €650 | +€214 | +49.0% |
| Gross operating margin | 9900 | €72,254 | €9,358 | -€62,896 | -87.0% |
| Operating profit (loss) | 9901 | €59,077 | -€4,704 | -€63,781 | |
| Financial charges | 65/66B | €141 | €39 | -€102 | -72.1% |
| Recurring financial charges | 65 | €141 | €39 | -€102 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €58,936 | -€4,743 | -€63,679 | |
| Profit (loss) for the period | 9904 | €58,936 | -€4,743 | -€63,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,936 | -€4,743 | -€63,679 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.