LA HOUBLOUVIERE: what changed
LA HOUBLOUVIERE
Largest movements
- Cash +€54,780
up €54,780 (+47.3%), from €115,718 to €170,498
mainly Net result for the year (+€67,903) and Depreciation (+€17,259)
- Tangible fixed assets -€16,176
down €16,176 (-5.5%), from €293,075 to €276,899
of which Land and buildings: -€13,462
- Receivables within one year -€13,718
down €13,718 (-42.4%), from €32,369 to €18,652
of which Trade receivables: -€10,280
- Profit (loss) carried forward +€67,903
up €67,903 (+56.8%), from €119,530 to €187,433
- Debts after one year -€29,163
down €29,163 (-17.3%), from €168,854 to €139,691
- Trade debts -€24,457
down €24,457 (-63.5%), from €38,490 to €14,033
- Tax, wage and social debts +€7,805
up €7,805 (+52.9%), from €14,768 to €22,574
of which Taxes: +€5,539
- Gross operating margin -€28,587
down €28,587 (-15.8%), from €181,268 to €152,681
- Staff costs +€8,580
up €8,580 (+51.4%), from €16,680 to €25,259
- Taxes -€7,036
down €7,036 (-21.3%), from €32,977 to €25,941
- Financial charges -€3,768
down €3,768 (-24.6%), from €15,298 to €11,530
- Other operating charges -€2,508
down €2,508 (-34.4%), from €7,298 to €4,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,793 | €471,713 | +€23,920 | +5.3% |
| Fixed assets | 21/28 | €293,075 | €276,899 | -€16,176 | -5.5% |
| Tangible fixed assets | 22/27 | €293,075 | €276,899 | -€16,176 | -5.5% |
| Land and buildings | 22 | €280,370 | €266,908 | -€13,462 | -4.8% |
| Plant, machinery and equipment | 23 | €9,783 | €7,512 | -€2,272 | -23.2% |
| Furniture and vehicles | 24 | €2,921 | €2,479 | -€442 | -15.1% |
| Current assets | 29/58 | €154,718 | €194,814 | +€40,096 | +25.9% |
| Stocks and contracts in progress | 3 | €5,277 | €4,769 | -€508 | -9.6% |
| Stocks | 30/36 | €5,277 | €4,769 | -€508 | -9.6% |
| Amounts receivable within one year | 40/41 | €32,369 | €18,652 | -€13,718 | -42.4% |
| Trade receivables | 40 | €27,872 | €17,592 | -€10,280 | -36.9% |
| Other amounts receivable | 41 | €4,498 | €1,060 | -€3,438 | -76.4% |
| Cash at bank and in hand | 54/58 | €115,718 | €170,498 | +€54,780 | +47.3% |
| Deferred charges and accrued income | 490/1 | €1,354 | €896 | -€458 | -33.8% |
| Total equity and liabilities | 10/49 | €447,793 | €471,713 | +€23,920 | +5.3% |
| Equity | 10/15 | €139,990 | €207,893 | +€67,903 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,530 | €187,433 | +€67,903 | +56.8% |
| Amounts payable | 17/49 | €307,803 | €263,820 | -€43,983 | -14.3% |
| Amounts payable after more than one year | 17 | €168,854 | €139,691 | -€29,163 | -17.3% |
| Financial debts | 170/4 | €168,854 | €139,691 | -€29,163 | -17.3% |
| Amounts payable within one year | 42/48 | €138,949 | €124,128 | -€14,821 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €27,960 | €28,823 | +€862 | +3.1% |
| Trade debts | 44 | €38,490 | €14,033 | -€24,457 | -63.5% |
| Suppliers | 440/4 | €38,490 | €14,033 | -€24,457 | -63.5% |
| Taxes, remuneration and social security | 45 | €14,768 | €22,574 | +€7,805 | +52.9% |
| Taxes | 450/3 | €10,752 | €16,290 | +€5,539 | +51.5% |
| Remuneration and social security | 454/9 | €4,016 | €6,283 | +€2,267 | +56.4% |
| Other amounts payable | 47/48 | €57,730 | €58,699 | +€968 | +1.7% |
| Remuneration, social security and pensions | 62 | €16,680 | €25,259 | +€8,580 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,520 | €17,259 | -€2,262 | -11.6% |
| Other operating charges | 640/8 | €7,298 | €4,790 | -€2,508 | -34.4% |
| Non-recurring operating charges | 66A | €19,290 | - | -€19,290 | |
| Gross operating margin | 9900 | €181,268 | €152,681 | -€28,587 | -15.8% |
| Operating profit (loss) | 9901 | €118,480 | €105,373 | -€13,107 | -11.1% |
| Financial income | 75/76B | €682 | €1 | -€681 | -99.9% |
| Recurring financial income | 75 | €682 | €1 | -€681 | -99.9% |
| Financial charges | 65/66B | €15,298 | €11,530 | -€3,768 | -24.6% |
| Recurring financial charges | 65 | €15,298 | €11,530 | -€3,768 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €103,865 | €93,845 | -€10,020 | -9.6% |
| Income taxes | 67/77 | €32,977 | €25,941 | -€7,036 | -21.3% |
| Profit (loss) for the period | 9904 | €70,888 | €67,903 | -€2,985 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,888 | €67,903 | -€2,985 | -4.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.