SOLID HOUTHALEN: 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.
SOLID HOUTHALEN
Largest movements
- Tangible fixed assets +€17.6m
up €17.6m (+1,733%), from €1.0m to €18.6m
- Cash +€322,441
up €322,441 (+200%), from €161,536 to €483,976
mainly Debts after one year (+€13.2m) and Trade debts (+€3.5m)
- Debts after one year +€13.2m
new in 2025: €13.2m
- Trade debts +€3.5m
up €3.5m (+57,179%), from €6,112 to €3.5m
- Current portion of long-term debt +€566,727
new in 2025: €566,727
- Other debts +€301,560
up €301,560 (+124%), from €243,999 to €545,559
- Profit (loss) carried forward +€194,029
no longer reported in 2025 (was -€194,029)
- Gross operating margin +€718,924
up €718,924, from -€24,983 to €693,941
- Financial charges +€257,930
up €257,930 (+257,930%), from €100 to €258,030
- Other operating charges -€19,490
down €19,490 (-17.9%), from €108,622 to €89,132
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 | €1,248,852 | €19,251,542 | +€18.0m | +1,442% |
| Fixed assets | 21/28 | €1,016,074 | €18,628,933 | +€17.6m | +1,733% |
| Tangible fixed assets | 22/27 | €1,016,074 | €18,628,933 | +€17.6m | +1,733% |
| Land and buildings | 22 | €1,016,074 | €18,628,933 | +€17.6m | +1,733% |
| Current assets | 29/58 | €232,778 | €622,609 | +€389,831 | +167% |
| Amounts receivable within one year | 40/41 | €71,242 | €136,547 | +€65,305 | +91.7% |
| Trade receivables | 40 | €37,871 | - | -€37,871 | |
| Other amounts receivable | 41 | €33,371 | €136,547 | +€103,176 | +309% |
| Cash at bank and in hand | 54/58 | €161,536 | €483,976 | +€322,441 | +200% |
| Deferred charges and accrued income | 490/1 | - | €2,085 | +€2,085 | |
| Total equity and liabilities | 10/49 | €1,248,852 | €19,251,542 | +€18.0m | +1,442% |
| Equity | 10/15 | €908,678 | €1,199,043 | +€290,365 | +32.0% |
| Contributions | 10/11 | €1,098,960 | €1,098,960 | = | 0.0% |
| Reserves | 13 | €3,747 | €100,082 | +€96,336 | +2,571% |
| Distributable reserves | 133 | €3,747 | €100,082 | +€96,336 | +2,571% |
| Profit (loss) carried forward | 14 | -€194,029 | - | +€194,029 | |
| Amounts payable | 17/49 | €340,174 | €18,052,499 | +€17.7m | +5,207% |
| Amounts payable after more than one year | 17 | - | €13,237,375 | +€13.2m | |
| Financial debts | 170/4 | - | €13,237,375 | +€13.2m | |
| Amounts payable within one year | 42/48 | €339,973 | €4,775,981 | +€4.4m | +1,305% |
| Current portion of amounts payable after more than one year | 42 | - | €566,727 | +€566,727 | |
| Trade debts | 44 | €6,112 | €3,501,152 | +€3.5m | +57,179% |
| Suppliers | 440/4 | €6,112 | €3,501,152 | +€3.5m | +57,179% |
| Taxes, remuneration and social security | 45 | €89,862 | €162,542 | +€72,681 | +80.9% |
| Taxes | 450/3 | €89,862 | €162,542 | +€72,681 | +80.9% |
| Other amounts payable | 47/48 | €243,999 | €545,559 | +€301,560 | +124% |
| Accrued charges and deferred income | 492/3 | €201 | €39,143 | +€38,942 | +19,363% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,324 | €60,324 | = | 0.0% |
| Other operating charges | 640/8 | €108,622 | €89,132 | -€19,490 | -17.9% |
| Gross operating margin | 9900 | -€24,983 | €693,941 | +€718,924 | |
| Operating profit (loss) | 9901 | -€193,929 | €544,485 | +€738,415 | |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €100 | €258,030 | +€257,930 | +257,930% |
| Recurring financial charges | 65 | €100 | €258,030 | +€257,930 | +257,930% |
| Profit (loss) for the period before taxes | 9903 | -€194,029 | €286,640 | +€480,669 | |
| Income taxes | 67/77 | - | -€3,725 | -€3,725 | |
| Profit (loss) for the period | 9904 | -€194,029 | €290,365 | +€484,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€194,029 | €290,365 | +€484,395 |
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 16 October 2026 via checked.be.