HOUVARK: 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
HOUVARK
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€400,502
2024 · €533,838-€133,336
Equity
€1.4m
2024 · €1.7m-€238,481
Cash
€472,446
2024 · €441,849+€30,597
Balance sheet total
€4.0m
2024 · €3.9m+€53,290
Largest movements
Assets
- Tangible fixed assets -€340,041
down €340,041 (-15.6%), from €2.2m to €1.8m
- Receivables within one year +€286,517
up €286,517 (+49.4%), from €580,193 to €866,711
of which Trade receivables: +€255,828
- Receivables after one year +€41,058
up €41,058 (+9.1%), from €451,787 to €492,845
Equity and liabilities
- Other debts +€389,555
new in 2025: €389,555
- Reserves -€237,517
down €237,517 (-14.4%), from €1.6m to €1.4m
- Trade debts +€103,150
up €103,150 (+70.6%), from €146,127 to €249,277
- Debts after one year -€78,451
down €78,451 (-6.5%), from €1.2m to €1.1m
of which Financial debts: -€67,593
- Tax, wage and social debts -€59,729
down €59,729 (-15.7%), from €379,741 to €320,012
of which Taxes: -€82,237
Income statement
- Turnover +€4.3m
new in 2025: €4.3m
- Purchases and services +€1.9m
new in 2025: €1.9m
- Staff costs +€309,525
up €309,525 (+29.5%), from €1.0m to €1.4m
- Taxes -€163,650
down €163,650 (-68.3%), from €239,467 to €75,817
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
€533,838
Gross operating margin
-€11,854
Staff costs
-€309,525
Depreciation
+€13,026
Other operating charges
-€3,808
Other operating items
+€15,884
Financial income
-€613
Financial charges
-€96
Taxes
+€163,650
Result 2025
€400,502
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
+€1.0m
Investment
-€211,770
Financing
-€764,657
Cash 2024
€441,849
From operations (derived)
+€1.0m
Net result for the year
+€400,502
Depreciation
+€547,785
Receivables after one year
-€41,058
Stocks and contracts
-€30,129
Receivables within one year
-€286,517
Deferred charges and accrued income
-€1,003
Trade debts
+€103,150
Tax, wage and social debts
-€59,729
Other debts
+€389,555
Accrued charges and deferred income
-€15,532
Investment (derived)
-€211,770
Investment in fixed assets (net)
-€211,769
Current investments
-€1
Financing
-€764,657
Debts after one year
-€78,451
Current portion of long-term debt
-€47,222
Contributions, distributions and other
-€638,983
Cash 2025
€472,446
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,924,107 | €3,977,396 | +€53,290 | +1.4% |
| Fixed assets | 21/28 | €2,217,400 | €1,881,384 | -€336,016 | -15.2% |
| Tangible fixed assets | 22/27 | €2,181,452 | €1,841,412 | -€340,041 | -15.6% |
| Land and buildings | 22 | €1,244,035 | €1,096,775 | -€147,260 | -11.8% |
| Plant, machinery and equipment | 23 | €832,457 | €688,479 | -€143,977 | -17.3% |
| Furniture and vehicles | 24 | €104,960 | €56,157 | -€48,803 | -46.5% |
| Financial fixed assets | 28 | €35,947 | €39,972 | +€4,025 | +11.2% |
| Current assets | 29/58 | €1,706,707 | €2,096,012 | +€389,305 | +22.8% |
| Amounts receivable after more than one year | 29 | €451,787 | €492,845 | +€41,058 | +9.1% |
| Other amounts receivable | 291 | €451,787 | €492,845 | +€41,058 | +9.1% |
| Stocks and contracts in progress | 3 | €211,546 | €241,674 | +€30,129 | +14.2% |
| Stocks | 30/36 | €211,546 | €241,674 | +€30,129 | +14.2% |
| Amounts receivable within one year | 40/41 | €580,193 | €866,711 | +€286,517 | +49.4% |
| Trade receivables | 40 | €580,193 | €836,022 | +€255,828 | +44.1% |
| Other amounts receivable | 41 | - | €30,689 | +€30,689 | |
| Current investments | 50/53 | €210 | €211 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €441,849 | €472,446 | +€30,597 | +6.9% |
| Deferred charges and accrued income | 490/1 | €21,122 | €22,125 | +€1,003 | +4.7% |
| Total equity and liabilities | 10/49 | €3,924,107 | €3,977,396 | +€53,290 | +1.4% |
| Equity | 10/15 | €1,653,686 | €1,415,205 | -€238,481 | -14.4% |
| Contributions | 10/11 | €3,955 | €3,955 | = | 0.0% |
| Reserves | 13 | €1,645,687 | €1,408,171 | -€237,517 | -14.4% |
| Distributable reserves | 133 | €1,645,687 | €1,408,171 | -€237,517 | -14.4% |
| Investment grants | 15 | €4,044 | €3,080 | -€964 | -23.8% |
| Amounts payable | 17/49 | €2,270,421 | €2,562,191 | +€291,771 | +12.9% |
| Amounts payable after more than one year | 17 | €1,212,777 | €1,134,326 | -€78,451 | -6.5% |
| Financial debts | 170/4 | €1,190,807 | €1,123,214 | -€67,593 | -5.7% |
| Other amounts payable | 178/9 | €21,970 | €11,112 | -€10,858 | -49.4% |
| Amounts payable within one year | 42/48 | €1,040,683 | €1,426,436 | +€385,753 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €514,815 | €467,593 | -€47,222 | -9.2% |
| Trade debts | 44 | €146,127 | €249,277 | +€103,150 | +70.6% |
| Suppliers | 440/4 | €146,127 | €249,277 | +€103,150 | +70.6% |
| Taxes, remuneration and social security | 45 | €379,741 | €320,012 | -€59,729 | -15.7% |
| Taxes | 450/3 | €265,448 | €183,211 | -€82,237 | -31.0% |
| Remuneration and social security | 454/9 | €114,293 | €136,801 | +€22,508 | +19.7% |
| Other amounts payable | 47/48 | - | €389,555 | +€389,555 | |
| Accrued charges and deferred income | 492/3 | €16,961 | €1,429 | -€15,532 | -91.6% |
| Turnover | 70 | - | €4,339,188 | +€4.3m | |
| Non-recurring operating income | 76A | €11,131 | - | -€11,131 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,944,550 | +€1.9m | |
| Remuneration, social security and pensions | 62 | €1,048,707 | €1,358,233 | +€309,525 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560,811 | €547,785 | -€13,026 | -2.3% |
| Other operating charges | 640/8 | €29,924 | €33,732 | +€3,808 | +12.7% |
| Non-recurring operating charges | 66A | €15,884 | - | -€15,884 | |
| Gross operating margin | 9900 | €2,454,534 | €2,442,680 | -€11,854 | -0.5% |
| Operating profit (loss) | 9901 | €799,208 | €502,931 | -€296,277 | -37.1% |
| Financial income | 75/76B | €9,186 | €8,573 | -€613 | -6.7% |
| Recurring financial income | 75 | €9,186 | €8,573 | -€613 | -6.7% |
| Financial charges | 65/66B | €35,089 | €35,184 | +€96 | +0.3% |
| Recurring financial charges | 65 | €35,089 | €35,184 | +€96 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €773,305 | €476,320 | -€296,986 | -38.4% |
| Income taxes | 67/77 | €239,467 | €75,817 | -€163,650 | -68.3% |
| Profit (loss) for the period | 9904 | €533,838 | €400,502 | -€133,336 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €533,838 | €400,502 | -€133,336 | -25.0% |
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 19 October 2026 via checked.be.