VAN HOUCKE: 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
VAN HOUCKE
NACE 47.120, Other non-specialised retail sale
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€99,332
2024 · €222,457-€123,125
Equity
€1.9m
2024 · €1.8m+€49,666
Cash
€255,589
2024 · €436,130-€180,541
Balance sheet total
€3.7m
2024 · €3.8m-€80,210
Largest movements
Assets
- Stocks and contracts +€283,455
up €283,455 (+17.2%), from €1.6m to €1.9m
- Cash -€180,541
down €180,541 (-41.4%), from €436,130 to €255,589
mainly Stocks and contracts (-€283,455) and Trade debts (-€93,263)
- Receivables within one year -€158,991
down €158,991 (-10.5%), from €1.5m to €1.3m
of which Trade receivables: -€220,616
Equity and liabilities
- Trade debts -€93,263
down €93,263 (-10.7%), from €867,832 to €774,569
- Reserves +€49,666
up €49,666 (+3.3%), from €1.5m to €1.6m
of which Distributable reserves: +€49,666
Income statement
- Gross operating margin -€147,063
down €147,063 (-15.2%), from €966,620 to €819,557
- Taxes -€42,705
down €42,705 (-52.7%), from €81,065 to €38,360
- Financial income -€31,026
down €31,026 (-85.6%), from €36,241 to €5,215
of which Financial income: -€25,973
- Staff costs +€12,349
up €12,349 (+2.1%), from €592,328 to €604,676
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
€222,457
Gross operating margin
-€147,063
Staff costs
-€12,349
Depreciation
+€4,210
Write-downs
+€2,575
Other operating charges
+€7,992
Other operating items
+€2,618
Financial income
-€31,026
Financial charges
+€7,214
Taxes
+€42,705
Result 2025
€99,332
Cash bridge derived
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
-€70,585
Investment
-€29,361
Financing
-€80,596
Cash 2024
€436,130
From operations (derived)
-€70,585
Net result for the year
+€99,332
Depreciation
+€52,364
Stocks and contracts
-€283,455
Receivables within one year
+€158,991
Deferred charges and accrued income
+€1,129
Trade debts
-€93,263
Tax, wage and social debts
+€2,337
Other debts
-€8,087
Accrued charges and deferred income
+€66
Investment (derived)
-€29,361
Investment in fixed assets (net)
-€29,361
Financing
-€80,596
Debts after one year
-€29,327
Current portion of long-term debt
-€1,661
Short-term financial debts
+€58
Contributions, distributions and other
-€49,666
Cash 2025
€255,589
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,768,579 | €3,688,369 | -€80,210 | -2.1% |
| Fixed assets | 21/28 | €178,221 | €155,218 | -€23,003 | -12.9% |
| Intangible fixed assets | 21 | €44,966 | €51,278 | +€6,312 | +14.0% |
| Tangible fixed assets | 22/27 | €133,255 | €103,939 | -€29,316 | -22.0% |
| Plant, machinery and equipment | 23 | €87,171 | €64,347 | -€22,823 | -26.2% |
| Furniture and vehicles | 24 | €37,234 | €34,554 | -€2,680 | -7.2% |
| Leasing and similar rights | 25 | €8,850 | €5,038 | -€3,813 | -43.1% |
| Current assets | 29/58 | €3,590,358 | €3,533,151 | -€57,207 | -1.6% |
| Stocks and contracts in progress | 3 | €1,644,150 | €1,927,605 | +€283,455 | +17.2% |
| Stocks | 30/36 | €1,644,150 | €1,927,605 | +€283,455 | +17.2% |
| Amounts receivable within one year | 40/41 | €1,508,949 | €1,349,957 | -€158,991 | -10.5% |
| Trade receivables | 40 | €1,420,733 | €1,200,118 | -€220,616 | -15.5% |
| Other amounts receivable | 41 | €88,215 | €149,840 | +€61,624 | +69.9% |
| Cash at bank and in hand | 54/58 | €436,130 | €255,589 | -€180,541 | -41.4% |
| Deferred charges and accrued income | 490/1 | €1,129 | €0 | -€1,129 | -100.0% |
| Total equity and liabilities | 10/49 | €3,768,579 | €3,688,369 | -€80,210 | -2.1% |
| Equity | 10/15 | €1,807,175 | €1,856,841 | +€49,666 | +2.7% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €1,527,175 | €1,576,841 | +€49,666 | +3.3% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,785 | €19,785 | = | 0.0% |
| Distributable reserves | 133 | €1,479,391 | €1,529,057 | +€49,666 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,961,404 | €1,831,528 | -€129,876 | -6.6% |
| Amounts payable after more than one year | 17 | €77,925 | €48,598 | -€29,327 | -37.6% |
| Financial debts | 170/4 | €77,925 | €48,598 | -€29,327 | -37.6% |
| Amounts payable within one year | 42/48 | €1,883,479 | €1,782,864 | -€100,615 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €30,988 | €29,327 | -€1,661 | -5.4% |
| Financial debts | 43 | €91,908 | €91,966 | +€58 | +0.1% |
| Credit institutions | 430/8 | €91,908 | €91,966 | +€58 | +0.1% |
| Trade debts | 44 | €867,832 | €774,569 | -€93,263 | -10.7% |
| Suppliers | 440/4 | €867,832 | €774,569 | -€93,263 | -10.7% |
| Taxes, remuneration and social security | 45 | €155,513 | €157,851 | +€2,337 | +1.5% |
| Taxes | 450/3 | €81,131 | €79,155 | -€1,976 | -2.4% |
| Remuneration and social security | 454/9 | €74,382 | €78,696 | +€4,314 | +5.8% |
| Other amounts payable | 47/48 | €737,237 | €729,151 | -€8,087 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | €64 | €0 | -€64 | -100.0% |
| Remuneration, social security and pensions | 62 | €592,328 | €604,676 | +€12,349 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,574 | €52,364 | -€4,210 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,445 | -€130 | -€2,575 | |
| Other operating charges | 640/8 | €12,386 | €4,395 | -€7,992 | -64.5% |
| Non-recurring operating charges | 66A | €8,965 | €6,347 | -€2,618 | -29.2% |
| Gross operating margin | 9900 | €966,620 | €819,557 | -€147,063 | -15.2% |
| Operating profit (loss) | 9901 | €293,922 | €151,904 | -€142,017 | -48.3% |
| Financial income | 75/76B | €36,241 | €5,215 | -€31,026 | -85.6% |
| Recurring financial income | 75 | €30,275 | €4,302 | -€25,973 | -85.8% |
| Non-recurring financial income | 76B | €5,966 | €913 | -€5,053 | -84.7% |
| Financial charges | 65/66B | €26,642 | €19,428 | -€7,214 | -27.1% |
| Recurring financial charges | 65 | €26,642 | €19,428 | -€7,214 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €303,521 | €137,692 | -€165,830 | -54.6% |
| Income taxes | 67/77 | €81,065 | €38,360 | -€42,705 | -52.7% |
| Profit (loss) for the period | 9904 | €222,457 | €99,332 | -€123,125 | -55.3% |
| Transfer from tax-exempt reserves | 789 | €17,319 | €0 | -€17,319 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €239,775 | €99,332 | -€140,444 | -58.6% |
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 12 October 2026 via checked.be.