Van Houcke - Heylen: what changed
What changed
Van Houcke - Heylen
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€213,638
2024 · €145,060+€68,578
Equity
€2.2m
2024 · €2.0m+€213,638
Cash
€128,967
2024 · €70,616+€58,351
Balance sheet total
€4.8m
2024 · €4.0m+€814,222
Largest movements
Assets
- Tangible fixed assets +€3.0m
up €3.0m (+179%), from €1.7m to €4.7m
of which Land and buildings: +€3.0m
- Receivables within one year -€2.2m
no longer reported in 2025 (was €2.2m)
- Cash +€58,351
up €58,351 (+82.6%), from €70,616 to €128,967
mainly Receivables within one year (+€2.2m) and Other debts (+€833,906)
Equity and liabilities
- Other debts +€833,906
new in 2025: €833,906
- Debts after one year -€327,051
down €327,051 (-19.9%), from €1.6m to €1.3m
- Profit (loss) carried forward +€213,638
up €213,638 (+17.2%), from €1.2m to €1.5m
- Accrued charges and deferred income +€64,591
new in 2025: €64,591
Income statement
- Gross operating margin +€144,247
up €144,247 (+39.4%), from €366,125 to €510,372
- Depreciation +€36,683
up €36,683 (+26.8%), from €136,806 to €173,489
- Financial income -€27,854
down €27,854 (-50.2%), from €55,469 to €27,615
- Taxes +€22,911
up €22,911 (+47.4%), from €48,353 to €71,264
- Other operating charges -€21,575
down €21,575 (-99.0%), from €21,795 to €220
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
€145,060
Gross operating margin
+€144,247
Staff costs
-€31
Depreciation
-€36,683
Other operating charges
+€21,575
Financial income
-€27,854
Financial charges
-€9,765
Taxes
-€22,911
Result 2025
€213,638
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
+€3.6m
Investment
-€3.2m
Financing
-€321,276
Cash 2024
€70,616
From operations (derived)
+€3.6m
Net result for the year
+€213,638
Depreciation
+€173,489
Receivables within one year
+€2.2m
Smaller working-capital items
-€268
Tax, wage and social debts
+€23,604
Other debts
+€833,906
Accrued charges and deferred income
+€64,591
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€3.2m
Financing
-€321,276
Debts after one year
-€327,051
Current portion of long-term debt
+€5,775
Cash 2025
€128,967
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,997,442 | €4,811,664 | +€814,222 | +20.4% |
| Fixed assets | 21/28 | €1,678,037 | €4,681,751 | +€3.0m | +179% |
| Tangible fixed assets | 22/27 | €1,677,789 | €4,681,503 | +€3.0m | +179% |
| Land and buildings | 22 | €1,606,878 | €4,625,301 | +€3.0m | +188% |
| Plant, machinery and equipment | 23 | €56,194 | €43,786 | -€12,408 | -22.1% |
| Furniture and vehicles | 24 | €14,717 | €12,416 | -€2,301 | -15.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €2,319,405 | €129,913 | -€2.2m | -94.4% |
| Amounts receivable within one year | 40/41 | €2,247,870 | - | -€2.2m | |
| Other amounts receivable | 41 | €2,247,870 | - | -€2.2m | |
| Cash at bank and in hand | 54/58 | €70,616 | €128,967 | +€58,351 | +82.6% |
| Deferred charges and accrued income | 490/1 | €919 | €946 | +€27 | +2.9% |
| Total equity and liabilities | 10/49 | €3,997,442 | €4,811,664 | +€814,222 | +20.4% |
| Equity | 10/15 | €1,994,783 | €2,208,421 | +€213,638 | +10.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €149,558 | €149,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €89,558 | €89,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,245,225 | €1,458,863 | +€213,638 | +17.2% |
| Amounts payable | 17/49 | €2,002,659 | €2,603,243 | +€600,584 | +30.0% |
| Amounts payable after more than one year | 17 | €1,643,930 | €1,316,879 | -€327,051 | -19.9% |
| Financial debts | 170/4 | €1,643,930 | €1,316,879 | -€327,051 | -19.9% |
| Amounts payable within one year | 42/48 | €358,729 | €1,221,773 | +€863,044 | +241% |
| Current portion of amounts payable after more than one year | 42 | €321,276 | €327,051 | +€5,775 | +1.8% |
| Trade debts | 44 | €4,324 | €4,083 | -€241 | -5.6% |
| Suppliers | 440/4 | €4,324 | €4,083 | -€241 | -5.6% |
| Taxes, remuneration and social security | 45 | €33,129 | €56,733 | +€23,604 | +71.2% |
| Taxes | 450/3 | €29,774 | €55,154 | +€25,380 | +85.2% |
| Remuneration and social security | 454/9 | €3,355 | €1,579 | -€1,776 | -52.9% |
| Other amounts payable | 47/48 | - | €833,906 | +€833,906 | |
| Accrued charges and deferred income | 492/3 | - | €64,591 | +€64,591 | |
| Remuneration, social security and pensions | 62 | €30,967 | €30,998 | +€31 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,806 | €173,489 | +€36,683 | +26.8% |
| Other operating charges | 640/8 | €21,795 | €220 | -€21,575 | -99.0% |
| Gross operating margin | 9900 | €366,125 | €510,372 | +€144,247 | +39.4% |
| Operating profit (loss) | 9901 | €176,557 | €305,665 | +€129,108 | +73.1% |
| Financial income | 75/76B | €55,469 | €27,615 | -€27,854 | -50.2% |
| Recurring financial income | 75 | €55,469 | €27,615 | -€27,854 | -50.2% |
| Financial charges | 65/66B | €38,613 | €48,378 | +€9,765 | +25.3% |
| Recurring financial charges | 65 | €38,613 | €48,378 | +€9,765 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €193,413 | €284,902 | +€91,489 | +47.3% |
| Income taxes | 67/77 | €48,353 | €71,264 | +€22,911 | +47.4% |
| Profit (loss) for the period | 9904 | €145,060 | €213,638 | +€68,578 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,060 | €213,638 | +€68,578 | +47.3% |
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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 8 November 2026 via checked.be.