't Hooghuys: what changed
't Hooghuys
Largest movements
- Tangible fixed assets +€44,990
up €44,990 (+4.5%), from €990,559 to €1.0m
of which Furniture and vehicles: +€73,184
- Receivables within one year +€32,991
up €32,991 (+12.3%), from €268,585 to €301,577
of which Trade receivables: +€33,591
- Cash -€24,156
down €24,156 (-29.3%), from €82,326 to €58,170
mainly Investment in fixed assets (net) (-€124,922) and Receivables within one year (-€32,991)
- Reserves +€84,803
up €84,803 (+29.0%), from €292,403 to €377,207
- Debts after one year +€83,403
up €83,403 (+19.7%), from €422,864 to €506,268
of which Other amounts payable: +€102,000
- Profit (loss) carried forward -€82,464
no longer reported in 2025 (was €82,464)
- Other operating charges -€10,841
down €10,841 (-63.1%), from €17,192 to €6,351
- Depreciation +€3,483
up €3,483 (+4.6%), from €76,449 to €79,932
- Gross operating margin +€2,712
up €2,712 (+3.2%), from €85,044 to €87,756
- Financial charges -€1,464
down €1,464 (-15.0%), from €9,771 to €8,307
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 | €1,390,236 | €1,444,786 | +€54,550 | +3.9% |
| Fixed assets | 21/28 | €1,036,104 | €1,081,094 | +€44,990 | +4.3% |
| Tangible fixed assets | 22/27 | €990,559 | €1,035,549 | +€44,990 | +4.5% |
| Land and buildings | 22 | €939,351 | €914,069 | -€25,282 | -2.7% |
| Plant, machinery and equipment | 23 | €23,063 | €20,151 | -€2,912 | -12.6% |
| Furniture and vehicles | 24 | €28,145 | €101,329 | +€73,184 | +260% |
| Financial fixed assets | 28 | €45,545 | €45,545 | = | 0.0% |
| Current assets | 29/58 | €354,132 | €363,692 | +€9,560 | +2.7% |
| Amounts receivable within one year | 40/41 | €268,585 | €301,577 | +€32,991 | +12.3% |
| Trade receivables | 40 | €131,031 | €164,622 | +€33,591 | +25.6% |
| Other amounts receivable | 41 | €137,555 | €136,955 | -€600 | -0.4% |
| Cash at bank and in hand | 54/58 | €82,326 | €58,170 | -€24,156 | -29.3% |
| Deferred charges and accrued income | 490/1 | €3,221 | €3,945 | +€725 | +22.5% |
| Total equity and liabilities | 10/49 | €1,390,236 | €1,444,786 | +€54,550 | +3.9% |
| Equity | 10/15 | €903,056 | €897,207 | -€5,849 | -0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €292,403 | €377,207 | +€84,803 | +29.0% |
| Distributable reserves | 133 | €292,403 | €377,207 | +€84,803 | +29.0% |
| Profit (loss) carried forward | 14 | €82,464 | - | -€82,464 | |
| Investment grants | 15 | €8,188 | - | -€8,188 | |
| Provisions and deferred taxes | 16 | €2,730 | - | -€2,730 | |
| Deferred taxes | 168 | €2,730 | - | -€2,730 | |
| Amounts payable | 17/49 | €484,450 | €547,579 | +€63,129 | +13.0% |
| Amounts payable after more than one year | 17 | €422,864 | €506,268 | +€83,403 | +19.7% |
| Financial debts | 170/4 | €282,864 | €264,268 | -€18,597 | -6.6% |
| Other amounts payable | 178/9 | €140,000 | €242,000 | +€102,000 | +72.9% |
| Amounts payable within one year | 42/48 | €59,136 | €36,412 | -€22,724 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €32,363 | €19,297 | -€13,066 | -40.4% |
| Trade debts | 44 | €5,374 | €1,745 | -€3,630 | -67.5% |
| Suppliers | 440/4 | €5,374 | €1,745 | -€3,630 | -67.5% |
| Taxes, remuneration and social security | 45 | €854 | €1,196 | +€342 | +40.1% |
| Taxes | 450/3 | €854 | €1,196 | +€342 | +40.1% |
| Other amounts payable | 47/48 | €20,544 | €14,174 | -€6,370 | -31.0% |
| Accrued charges and deferred income | 492/3 | €2,450 | €4,900 | +€2,450 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,449 | €79,932 | +€3,483 | +4.6% |
| Other operating charges | 640/8 | €17,192 | €6,351 | -€10,841 | -63.1% |
| Gross operating margin | 9900 | €85,044 | €87,756 | +€2,712 | +3.2% |
| Operating profit (loss) | 9901 | -€8,597 | €1,474 | +€10,071 | |
| Financial income | 75/76B | €7,822 | €8,188 | +€367 | +4.7% |
| Recurring financial income | 75 | €7,822 | €8,188 | +€367 | +4.7% |
| Financial charges | 65/66B | €9,771 | €8,307 | -€1,464 | -15.0% |
| Recurring financial charges | 65 | €9,771 | €8,307 | -€1,464 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,546 | €1,355 | +€11,901 | |
| Transfer from deferred taxes | 780 | €2,607 | €2,730 | +€123 | +4.7% |
| Income taxes | 67/77 | €200 | €912 | +€712 | +355% |
| Profit (loss) for the period | 9904 | -€8,139 | €3,172 | +€11,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,139 | €3,172 | +€11,312 |
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 3 November 2026 via checked.be.