Houvast Estates: 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 Estates
Largest movements
- Receivables within one year +€122,194
up €122,194 (+2586.1%), from €4,725 to €126,919
of which Other amounts receivable: +€119,819
- Tangible fixed assets -€16,969
down €16,969 (-1.9%), from €873,488 to €856,519
of which Land and buildings: -€22,982
- Profit (loss) carried forward +€58,349
up €58,349 (+299.4%), from €19,487 to €77,836
- Trade debts +€28,988
up €28,988 (+112.5%), from €25,771 to €54,760
- Gross operating margin +€79,468
up €79,468 (+86.1%), from €92,263 to €171,730
- Staff costs +€15,306
up €15,306 (+58.6%), from €26,097 to €41,403
- Taxes +€13,975
up €13,975 (+2283.7%), from €612 to €14,587
- Financial income +€3,645
new in 2024: €3,645
- Financial charges -€2,342
down €2,342 (-6.7%), from €35,138 to €32,796
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €880,519 | €987,017 | +€106,499 | +12.1% |
| Formation expenses | 20 | €2,302 | €1,577 | -€725 | -31.5% |
| Fixed assets | 21/28 | €873,488 | €856,519 | -€16,969 | -1.9% |
| Tangible fixed assets | 22/27 | €873,488 | €856,519 | -€16,969 | -1.9% |
| Land and buildings | 22 | €873,488 | €850,506 | -€22,982 | -2.6% |
| Furniture and vehicles | 24 | - | €6,013 | +€6,013 | |
| Current assets | 29/58 | €4,729 | €128,921 | +€124,192 | +2626.1% |
| Amounts receivable within one year | 40/41 | €4,725 | €126,919 | +€122,194 | +2586.1% |
| Trade receivables | 40 | €4,725 | €7,100 | +€2,375 | +50.3% |
| Other amounts receivable | 41 | - | €119,819 | +€119,819 | |
| Cash at bank and in hand | 54/58 | €4 | €45 | +€41 | +998.1% |
| Deferred charges and accrued income | 490/1 | - | €1,957 | +€1,957 | |
| Total equity and liabilities | 10/49 | €880,519 | €987,017 | +€106,499 | +12.1% |
| Equity | 10/15 | €69,487 | €127,836 | +€58,349 | +84.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,487 | €77,836 | +€58,349 | +299.4% |
| Amounts payable | 17/49 | €811,032 | €859,181 | +€48,149 | +5.9% |
| Amounts payable after more than one year | 17 | €767,158 | €776,114 | +€8,956 | +1.2% |
| Financial debts | 170/4 | €361,258 | €352,999 | -€8,258 | -2.3% |
| Other amounts payable | 178/9 | €405,900 | €423,114 | +€17,214 | +4.2% |
| Amounts payable within one year | 42/48 | €43,874 | €83,067 | +€39,193 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €7,604 | €9,570 | +€1,965 | +25.8% |
| Trade debts | 44 | €25,771 | €54,760 | +€28,988 | +112.5% |
| Suppliers | 440/4 | €25,771 | €54,760 | +€28,988 | +112.5% |
| Taxes, remuneration and social security | 45 | €10,398 | €18,726 | +€8,328 | +80.1% |
| Taxes | 450/3 | €4,872 | €15,199 | +€10,328 | +212.0% |
| Remuneration and social security | 454/9 | €5,527 | €3,527 | -€2,000 | -36.2% |
| Other amounts payable | 47/48 | €100 | €12 | -€88 | -88.3% |
| Remuneration, social security and pensions | 62 | €26,097 | €41,403 | +€15,306 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,707 | €23,744 | +€37 | +0.2% |
| Other operating charges | 640/8 | €4,262 | €4,496 | +€234 | +5.5% |
| Gross operating margin | 9900 | €92,263 | €171,730 | +€79,468 | +86.1% |
| Operating profit (loss) | 9901 | €38,198 | €102,088 | +€63,891 | +167.3% |
| Financial income | 75/76B | - | €3,645 | +€3,645 | |
| Recurring financial income | 75 | - | €3,645 | +€3,645 | |
| Financial charges | 65/66B | €35,138 | €32,796 | -€2,342 | -6.7% |
| Recurring financial charges | 65 | €35,138 | €32,796 | -€2,342 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €3,060 | €72,937 | +€69,877 | +2283.7% |
| Income taxes | 67/77 | €612 | €14,587 | +€13,975 | +2283.7% |
| Profit (loss) for the period | 9904 | €2,448 | €58,349 | +€55,902 | +2283.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,448 | €58,349 | +€55,902 | +2283.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.