MARIEN HOUT: 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.
What changed
MARIEN HOUT
NACE 16.281, Manufacture of other wood products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,240
2024 · €35,802+€3,439
Equity
€557,843
2024 · €563,278-€5,434
Cash
€427,346
2024 · €425,584+€1,762
Balance sheet total
€620,061
2024 · €634,468-€14,406
Largest movements
Assets
- Stocks and contracts -€16,059
down €16,059 (-13.6%), from €118,423 to €102,363
Equity and liabilities
- Other debts -€7,493
down €7,493 (-13.8%), from €54,271 to €46,777
Income statement
- Staff costs -€4,203
down €4,203 (-13.9%), from €30,216 to €26,014
- Gross operating margin +€1,982
up €1,982 (+2.2%), from €91,041 to €93,022
- Taxes +€1,300
up €1,300 (+6.9%), from €18,940 to €20,240
- Depreciation +€1,012
up €1,012 (+18.7%), from €5,400 to €6,412
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.
Result 2024
€35,802
Gross operating margin
+€1,982
Staff costs
+€4,203
Depreciation
-€1,012
Other operating charges
-€159
Financial income
+€367
Financial charges
-€642
Taxes
-€1,300
Result 2025
€39,240
raises the resultlowers the result
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.
From operations
+€50,296
Investment
-€3,860
Financing
-€44,675
Cash 2024
€425,584
From operations (derived)
+€50,296
Net result for the year
+€39,240
Depreciation
+€6,412
Stocks and contracts
+€16,059
Receivables within one year
-€1,338
Deferred charges and accrued income
-€1,105
Trade debts
+€109
Tax, wage and social debts
-€1,588
Other debts
-€7,493
Investment (derived)
-€3,860
Investment in fixed assets (net)
-€3,860
Financing
-€44,675
Contributions, distributions and other
-€44,675
Cash 2025
€427,346
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,468 | €620,061 | -€14,406 | -2.3% |
| Fixed assets | 21/28 | €82,482 | €79,931 | -€2,552 | -3.1% |
| Tangible fixed assets | 22/27 | €82,276 | €79,725 | -€2,552 | -3.1% |
| Land and buildings | 22 | €70,071 | €70,071 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,205 | €6,805 | -€5,400 | -44.2% |
| Furniture and vehicles | 24 | - | €2,848 | +€2,848 | |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €551,985 | €540,131 | -€11,855 | -2.1% |
| Stocks and contracts in progress | 3 | €118,423 | €102,363 | -€16,059 | -13.6% |
| Stocks | 30/36 | €118,423 | €102,363 | -€16,059 | -13.6% |
| Amounts receivable within one year | 40/41 | €4,157 | €5,495 | +€1,338 | +32.2% |
| Trade receivables | 40 | €2,381 | €3,719 | +€1,338 | +56.2% |
| Other amounts receivable | 41 | €1,776 | €1,776 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €425,584 | €427,346 | +€1,762 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,822 | €4,926 | +€1,105 | +28.9% |
| Total equity and liabilities | 10/49 | €634,468 | €620,061 | -€14,406 | -2.3% |
| Equity | 10/15 | €563,278 | €557,843 | -€5,434 | -1.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €557,072 | €551,638 | -€5,434 | -1.0% |
| Distributable reserves | 133 | €557,072 | €551,638 | -€5,434 | -1.0% |
| Amounts payable | 17/49 | €71,190 | €62,218 | -€8,972 | -12.6% |
| Amounts payable within one year | 42/48 | €71,190 | €62,218 | -€8,972 | -12.6% |
| Trade debts | 44 | €4,110 | €4,220 | +€109 | +2.7% |
| Suppliers | 440/4 | €4,110 | €4,220 | +€109 | +2.7% |
| Taxes, remuneration and social security | 45 | €12,809 | €11,221 | -€1,588 | -12.4% |
| Taxes | 450/3 | €10,625 | €10,072 | -€553 | -5.2% |
| Remuneration and social security | 454/9 | €2,183 | €1,149 | -€1,034 | -47.4% |
| Other amounts payable | 47/48 | €54,271 | €46,777 | -€7,493 | -13.8% |
| Remuneration, social security and pensions | 62 | €30,216 | €26,014 | -€4,203 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,400 | €6,412 | +€1,012 | +18.7% |
| Other operating charges | 640/8 | €2,890 | €3,049 | +€159 | +5.5% |
| Gross operating margin | 9900 | €91,041 | €93,022 | +€1,982 | +2.2% |
| Operating profit (loss) | 9901 | €52,534 | €57,549 | +€5,014 | +9.5% |
| Financial income | 75/76B | €2,661 | €3,028 | +€367 | +13.8% |
| Recurring financial income | 75 | €2,661 | €3,028 | +€367 | +13.8% |
| Financial charges | 65/66B | €454 | €1,096 | +€642 | +142% |
| Recurring financial charges | 65 | €454 | €1,096 | +€642 | +142% |
| Profit (loss) for the period before taxes | 9903 | €54,742 | €59,480 | +€4,739 | +8.7% |
| Income taxes | 67/77 | €18,940 | €20,240 | +€1,300 | +6.9% |
| Profit (loss) for the period | 9904 | €35,802 | €39,240 | +€3,439 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,802 | €39,240 | +€3,439 | +9.6% |
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 23 October 2026 via checked.be.