HOUWEN: 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.
HOUWEN
Largest movements
- Cash +€33,977
up €33,977 (+38.3%), from €88,695 to €122,672
mainly Net result for the year (+€191,059) and Other debts (+€43,794)
- Receivables within one year +€22,617
up €22,617 (+1,321%), from €1,712 to €24,330
of which Trade receivables: +€24,239
- Tangible fixed assets -€13,305
down €13,305 (-31.3%), from €42,512 to €29,207
of which Furniture and vehicles: -€8,885
- Other debts +€43,794
up €43,794 (+69.5%), from €62,982 to €106,777
- Current portion of long-term debt -€2,969
no longer reported in 2025 (was €2,969)
- Gross operating margin +€64,675
up €64,675 (+45.1%), from €143,347 to €208,022
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 | €134,461 | €177,450 | +€42,989 | +32.0% |
| Fixed assets | 21/28 | €42,512 | €29,207 | -€13,305 | -31.3% |
| Tangible fixed assets | 22/27 | €42,512 | €29,207 | -€13,305 | -31.3% |
| Plant, machinery and equipment | 23 | €2,855 | €2,024 | -€831 | -29.1% |
| Furniture and vehicles | 24 | €17,178 | €8,293 | -€8,885 | -51.7% |
| Other tangible fixed assets | 26 | €22,479 | €18,891 | -€3,588 | -16.0% |
| Current assets | 29/58 | €91,949 | €148,243 | +€56,294 | +61.2% |
| Amounts receivable within one year | 40/41 | €1,712 | €24,330 | +€22,617 | +1,321% |
| Trade receivables | 40 | - | €24,239 | +€24,239 | |
| Other amounts receivable | 41 | €1,712 | €91 | -€1,621 | -94.7% |
| Cash at bank and in hand | 54/58 | €88,695 | €122,672 | +€33,977 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,241 | -€301 | -19.5% |
| Total equity and liabilities | 10/49 | €134,461 | €177,450 | +€42,989 | +32.0% |
| Equity | 10/15 | €54,306 | €54,365 | +€59 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,706 | €35,765 | +€59 | +0.2% |
| Distributable reserves | 133 | €35,706 | €35,765 | +€59 | +0.2% |
| Amounts payable | 17/49 | €80,155 | €123,084 | +€42,930 | +53.6% |
| Amounts payable within one year | 42/48 | €80,027 | €123,084 | +€43,058 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €2,969 | - | -€2,969 | |
| Trade debts | 44 | €515 | €1,756 | +€1,241 | +241% |
| Suppliers | 440/4 | €515 | €1,756 | +€1,241 | +241% |
| Taxes, remuneration and social security | 45 | €13,560 | €14,552 | +€992 | +7.3% |
| Taxes | 450/3 | €13,560 | €14,552 | +€992 | +7.3% |
| Other amounts payable | 47/48 | €62,982 | €106,777 | +€43,794 | +69.5% |
| Accrued charges and deferred income | 492/3 | €128 | - | -€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,443 | €13,305 | -€138 | -1.0% |
| Other operating charges | 640/8 | €1,682 | €1,767 | +€84 | +5.0% |
| Gross operating margin | 9900 | €143,347 | €208,022 | +€64,675 | +45.1% |
| Operating profit (loss) | 9901 | €128,222 | €192,950 | +€64,729 | +50.5% |
| Financial income | 75/76B | €397 | €833 | +€436 | +110% |
| Recurring financial income | 75 | €397 | €833 | +€436 | +110% |
| Financial charges | 65/66B | €195 | €210 | +€15 | +7.5% |
| Recurring financial charges | 65 | €195 | €210 | +€15 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €128,423 | €193,573 | +€65,150 | +50.7% |
| Income taxes | 67/77 | €2,514 | €2,514 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €125,909 | €191,059 | +€65,150 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,909 | €191,059 | +€65,150 | +51.7% |
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 26 October 2026 via checked.be.