S.A. IMMO HOUBEN: what changed
What changed
S.A. IMMO HOUBEN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€92,147
2024 · €64,183+€27,963
Equity
€303,811
2024 · €211,664+€92,147
Cash
€59,182
2024 · €37,647+€21,535
Balance sheet total
€1.2m
2024 · €1.2m-€44,115
Largest movements
Assets
- Tangible fixed assets -€36,800
down €36,800 (-3.2%), from €1.1m to €1.1m
- Deferred charges and accrued income -€28,250
down €28,250 (-82.5%), from €34,250 to €6,000
- Cash +€21,535
up €21,535 (+57.2%), from €37,647 to €59,182
mainly Net result for the year (+€92,147) and Depreciation (+€36,800)
Equity and liabilities
- Debts after one year -€138,526
down €138,526 (-19.3%), from €719,004 to €580,478
- Profit (loss) carried forward +€92,147
up €92,147 (+64.2%), from €143,464 to €235,611
Income statement
- Gross operating margin +€19,695
up €19,695 (+10.8%), from €182,762 to €202,457
- Other operating charges -€16,199
down €16,199 (-32.1%), from €50,398 to €34,199
- Taxes +€9,321
up €9,321 (+43.6%), from €21,394 to €30,716
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.
Result 2024
€64,183
Gross operating margin
+€19,695
Other operating charges
+€16,199
Financial income
-€0
Financial charges
+€1,390
Taxes
-€9,321
Result 2025
€92,147
raises the resultlowers the result
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.
From operations
+€158,662
Investment
€0
Financing
-€137,127
Cash 2024
€37,647
From operations (derived)
+€158,662
Net result for the year
+€92,147
Depreciation
+€36,800
Receivables within one year
+€601
Deferred charges and accrued income
+€28,250
Trade debts
+€6,128
Tax, wage and social debts
-€5,263
Financing
-€137,127
Debts after one year
-€138,526
Current portion of long-term debt
+€1,400
Cash 2025
€59,182
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,212,089 | €1,167,974 | -€44,115 | -3.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,139,586 | €1,102,786 | -€36,800 | -3.2% |
| Tangible fixed assets | 22/27 | €1,139,586 | €1,102,786 | -€36,800 | -3.2% |
| Land and buildings | 22 | €1,139,586 | €1,102,786 | -€36,800 | -3.2% |
| Current assets | 29/58 | €72,504 | €65,188 | -€7,315 | -10.1% |
| Amounts receivable within one year | 40/41 | €607 | €6 | -€601 | -99.0% |
| Other amounts receivable | 41 | €607 | €6 | -€601 | -99.0% |
| Cash at bank and in hand | 54/58 | €37,647 | €59,182 | +€21,535 | +57.2% |
| Deferred charges and accrued income | 490/1 | €34,250 | €6,000 | -€28,250 | -82.5% |
| Total equity and liabilities | 10/49 | €1,212,089 | €1,167,974 | -€44,115 | -3.6% |
| Equity | 10/15 | €211,664 | €303,811 | +€92,147 | +43.5% |
| 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% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,464 | €235,611 | +€92,147 | +64.2% |
| Amounts payable | 17/49 | €1,000,425 | €864,163 | -€136,262 | -13.6% |
| Amounts payable after more than one year | 17 | €719,004 | €580,478 | -€138,526 | -19.3% |
| Financial debts | 170/4 | €719,004 | €580,478 | -€138,526 | -19.3% |
| Amounts payable within one year | 42/48 | €281,422 | €283,686 | +€2,264 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €137,127 | €138,526 | +€1,400 | +1.0% |
| Trade debts | 44 | €284 | €6,412 | +€6,128 | +2,155% |
| Suppliers | 440/4 | €284 | €6,412 | +€6,128 | +2,155% |
| Taxes, remuneration and social security | 45 | €7,979 | €2,716 | -€5,263 | -66.0% |
| Taxes | 450/3 | €7,979 | €2,716 | -€5,263 | -66.0% |
| Other amounts payable | 47/48 | €136,032 | €136,032 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,800 | €36,800 | = | 0.0% |
| Other operating charges | 640/8 | €50,398 | €34,199 | -€16,199 | -32.1% |
| Gross operating margin | 9900 | €182,762 | €202,457 | +€19,695 | +10.8% |
| Operating profit (loss) | 9901 | €95,564 | €131,458 | +€35,894 | +37.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €9,986 | €8,595 | -€1,390 | -13.9% |
| Recurring financial charges | 65 | €9,986 | €8,595 | -€1,390 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €85,578 | €122,862 | +€37,285 | +43.6% |
| Income taxes | 67/77 | €21,394 | €30,716 | +€9,321 | +43.6% |
| Profit (loss) for the period | 9904 | €64,183 | €92,147 | +€27,963 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,183 | €92,147 | +€27,963 | +43.6% |
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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 5 November 2026 via checked.be.