MA-HOUX: 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.
MA-HOUX
Largest movements
- Tangible fixed assets +€452,115
up €452,115 (+132%), from €341,295 to €793,410
of which Land and buildings: +€475,041
- Receivables within one year +€99,642
up €99,642 (+117%), from €84,932 to €184,575
of which Trade receivables: +€93,051
- Revaluation surpluses +€461,077
new in 2025: €461,077
- Other debts +€200,729
up €200,729 (+79.8%), from €251,638 to €452,368
- Trade debts -€114,812
down €114,812 (-85.3%), from €134,613 to €19,801
- Gross operating margin +€25,060
up €25,060 (+118%), from €21,157 to €46,217
- Depreciation +€19,965
up €19,965 (+106%), from €18,748 to €38,713
- Financial income -€2,348
no longer reported in 2025 (was €2,348)
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 | €429,700 | €981,696 | +€551,997 | +128% |
| Fixed assets | 21/28 | €341,295 | €793,410 | +€452,115 | +132% |
| Tangible fixed assets | 22/27 | €341,295 | €793,410 | +€452,115 | +132% |
| Land and buildings | 22 | €224,959 | €700,000 | +€475,041 | +211% |
| Plant, machinery and equipment | 23 | €48,435 | €41,509 | -€6,926 | -14.3% |
| Furniture and vehicles | 24 | €67,901 | €51,901 | -€16,000 | -23.6% |
| Current assets | 29/58 | €88,404 | €188,286 | +€99,882 | +113% |
| Amounts receivable within one year | 40/41 | €84,932 | €184,575 | +€99,642 | +117% |
| Trade receivables | 40 | €51,649 | €144,700 | +€93,051 | +180% |
| Other amounts receivable | 41 | €33,283 | €39,875 | +€6,592 | +19.8% |
| Cash at bank and in hand | 54/58 | €95 | - | -€95 | |
| Deferred charges and accrued income | 490/1 | €3,377 | €3,712 | +€335 | +9.9% |
| Total equity and liabilities | 10/49 | €429,700 | €981,696 | +€551,997 | +128% |
| Equity | 10/15 | €43,448 | €509,238 | +€465,790 | +1,072% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €461,077 | +€461,077 | |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,172 | -€14,459 | +€4,713 | +24.6% |
| Amounts payable | 17/49 | €386,251 | €472,458 | +€86,207 | +22.3% |
| Amounts payable within one year | 42/48 | €386,251 | €472,458 | +€86,207 | +22.3% |
| Trade debts | 44 | €134,613 | €19,801 | -€114,812 | -85.3% |
| Suppliers | 440/4 | €134,613 | €19,801 | -€114,812 | -85.3% |
| Taxes, remuneration and social security | 45 | - | €289 | +€289 | |
| Taxes | 450/3 | - | €289 | +€289 | |
| Other amounts payable | 47/48 | €251,638 | €452,368 | +€200,729 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,748 | €38,713 | +€19,965 | +106% |
| Other operating charges | 640/8 | €2,293 | €2,365 | +€72 | +3.2% |
| Gross operating margin | 9900 | €21,157 | €46,217 | +€25,060 | +118% |
| Operating profit (loss) | 9901 | €117 | €5,140 | +€5,023 | +4,308% |
| Financial income | 75/76B | €2,348 | - | -€2,348 | |
| Recurring financial income | 75 | €2,348 | - | -€2,348 | |
| Financial charges | 65/66B | €520 | €427 | -€93 | -17.9% |
| Recurring financial charges | 65 | €520 | €427 | -€93 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €1,945 | €4,713 | +€2,768 | +142% |
| Profit (loss) for the period | 9904 | €1,945 | €4,713 | +€2,768 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €1,945 | €4,713 | +€2,768 | +142% |
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 14 October 2026 via checked.be.