HOUVAST: 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.
HOUVAST
Largest movements
- Cash +€25,647
up €25,647 (+151%), from €16,988 to €42,634
mainly Net result for the year (+€20,413) and Depreciation (+€17,369)
- Tangible fixed assets -€15,028
down €15,028 (-24.0%), from €62,523 to €47,494
of which Furniture and vehicles: -€12,555
- Receivables within one year +€3,876
up €3,876 (+64.2%), from €6,036 to €9,912
- Intangible fixed assets +€1,113
up €1,113 (+417%), from €267 to €1,380
- Reserves +€20,413
up €20,413 (+386%), from €5,284 to €25,697
- Debts after one year -€11,063
down €11,063 (-19.8%), from €55,871 to €44,808
- Tax, wage and social debts +€8,017
up €8,017 (+400%), from €2,005 to €10,022
- Other debts -€1,148
down €1,148 (-29.8%), from €3,852 to €2,704
- Gross operating margin +€30,259
up €30,259 (+204%), from €14,839 to €45,098
- Taxes +€5,601
up €5,601 (+585%), from €958 to €6,559
- Depreciation +€4,620
up €4,620 (+36.2%), from €12,749 to €17,369
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 | €85,813 | €101,421 | +€15,608 | +18.2% |
| Fixed assets | 21/28 | €62,790 | €48,875 | -€13,915 | -22.2% |
| Intangible fixed assets | 21 | €267 | €1,380 | +€1,113 | +417% |
| Tangible fixed assets | 22/27 | €62,523 | €47,494 | -€15,028 | -24.0% |
| Plant, machinery and equipment | 23 | €10,903 | €8,430 | -€2,474 | -22.7% |
| Furniture and vehicles | 24 | €51,620 | €39,065 | -€12,555 | -24.3% |
| Current assets | 29/58 | €23,024 | €52,546 | +€29,523 | +128% |
| Amounts receivable within one year | 40/41 | €6,036 | €9,912 | +€3,876 | +64.2% |
| Trade receivables | 40 | €6,036 | €9,912 | +€3,876 | +64.2% |
| Cash at bank and in hand | 54/58 | €16,988 | €42,634 | +€25,647 | +151% |
| Total equity and liabilities | 10/49 | €85,813 | €101,421 | +€15,608 | +18.2% |
| Equity | 10/15 | €10,284 | €30,697 | +€20,413 | +198% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,284 | €25,697 | +€20,413 | +386% |
| Distributable reserves | 133 | €5,284 | €25,697 | +€20,413 | +386% |
| Amounts payable | 17/49 | €75,529 | €70,724 | -€4,805 | -6.4% |
| Amounts payable after more than one year | 17 | €55,871 | €44,808 | -€11,063 | -19.8% |
| Financial debts | 170/4 | €55,871 | €44,808 | -€11,063 | -19.8% |
| Amounts payable within one year | 42/48 | €19,658 | €25,915 | +€6,257 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €10,944 | €11,063 | +€119 | +1.1% |
| Trade debts | 44 | €2,857 | €2,127 | -€731 | -25.6% |
| Suppliers | 440/4 | €2,857 | €2,127 | -€731 | -25.6% |
| Taxes, remuneration and social security | 45 | €2,005 | €10,022 | +€8,017 | +400% |
| Taxes | 450/3 | €2,005 | €10,022 | +€8,017 | +400% |
| Other amounts payable | 47/48 | €3,852 | €2,704 | -€1,148 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,749 | €17,369 | +€4,620 | +36.2% |
| Other operating charges | 640/8 | €196 | €274 | +€78 | +39.6% |
| Gross operating margin | 9900 | €14,839 | €45,098 | +€30,259 | +204% |
| Operating profit (loss) | 9901 | €1,894 | €27,455 | +€25,562 | +1,350% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €511 | €483 | -€28 | -5.4% |
| Recurring financial charges | 65 | €511 | €483 | -€28 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €1,382 | €26,972 | +€25,590 | +1,851% |
| Income taxes | 67/77 | €958 | €6,559 | +€5,601 | +585% |
| Profit (loss) for the period | 9904 | €425 | €20,413 | +€19,989 | +4,707% |
| Profit (loss) for the period to be appropriated | 9905 | €425 | €20,413 | +€19,989 | +4,707% |
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 1 November 2026 via checked.be.