VAN HOUDT.: 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.
VAN HOUDT.
Largest movements
- Cash +€82,967
up €82,967 (+53.1%), from €156,384 to €239,351
mainly Depreciation (+€121,532) and Net result for the year (+€49,651)
- Receivables within one year -€30,351
down €30,351 (-21.8%), from €139,112 to €108,761
of which Trade receivables: -€16,384
- Reserves +€49,651
up €49,651 (+14.6%), from €340,675 to €390,326
- Other debts -€27,899
down €27,899 (-28.0%), from €99,579 to €71,680
- Trade debts +€20,308
up €20,308 (+26.5%), from €76,711 to €97,019
- Short-term financial debts -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Debts after one year +€11,494
up €11,494 (+9.1%), from €125,988 to €137,481
- Gross operating margin +€99,990
up €99,990 (+34.2%), from €292,378 to €392,368
- Staff costs +€40,947
up €40,947 (+34.0%), from €120,416 to €161,363
- Depreciation +€20,013
up €20,013 (+19.7%), from €101,519 to €121,532
- Taxes +€10,157
up €10,157 (+91.3%), from €11,120 to €21,277
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 | €787,091 | €834,784 | +€47,693 | +6.1% |
| Fixed assets | 21/28 | €323,362 | €319,472 | -€3,890 | -1.2% |
| Tangible fixed assets | 22/27 | €323,362 | €319,472 | -€3,890 | -1.2% |
| Land and buildings | 22 | €119,131 | €95,744 | -€23,387 | -19.6% |
| Plant, machinery and equipment | 23 | €13,591 | €11,886 | -€1,705 | -12.5% |
| Furniture and vehicles | 24 | €190,640 | €211,841 | +€21,202 | +11.1% |
| Current assets | 29/58 | €463,729 | €515,312 | +€51,583 | +11.1% |
| Stocks and contracts in progress | 3 | €159,683 | €156,885 | -€2,799 | -1.8% |
| Stocks | 30/36 | €159,683 | €156,885 | -€2,799 | -1.8% |
| Amounts receivable within one year | 40/41 | €139,112 | €108,761 | -€30,351 | -21.8% |
| Trade receivables | 40 | €121,437 | €105,053 | -€16,384 | -13.5% |
| Other amounts receivable | 41 | €17,675 | €3,708 | -€13,967 | -79.0% |
| Cash at bank and in hand | 54/58 | €156,384 | €239,351 | +€82,967 | +53.1% |
| Deferred charges and accrued income | 490/1 | €8,550 | €10,315 | +€1,765 | +20.6% |
| Total equity and liabilities | 10/49 | €787,091 | €834,784 | +€47,693 | +6.1% |
| Equity | 10/15 | €359,675 | €409,326 | +€49,651 | +13.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €340,675 | €390,326 | +€49,651 | +14.6% |
| Distributable reserves | 133 | €340,675 | €390,326 | +€49,651 | +14.6% |
| Amounts payable | 17/49 | €427,416 | €425,458 | -€1,958 | -0.5% |
| Amounts payable after more than one year | 17 | €125,988 | €137,481 | +€11,494 | +9.1% |
| Financial debts | 170/4 | €125,988 | €137,481 | +€11,494 | +9.1% |
| Amounts payable within one year | 42/48 | €291,717 | €280,254 | -€11,463 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €48,483 | €59,826 | +€11,343 | +23.4% |
| Financial debts | 43 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Credit institutions | 430/8 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Trade debts | 44 | €76,711 | €97,019 | +€20,308 | +26.5% |
| Suppliers | 440/4 | €76,711 | €97,019 | +€20,308 | +26.5% |
| Taxes, remuneration and social security | 45 | €26,945 | €31,730 | +€4,785 | +17.8% |
| Taxes | 450/3 | €12,657 | €12,686 | +€29 | +0.2% |
| Remuneration and social security | 454/9 | €14,288 | €19,044 | +€4,756 | +33.3% |
| Other amounts payable | 47/48 | €99,579 | €71,680 | -€27,899 | -28.0% |
| Accrued charges and deferred income | 492/3 | €9,711 | €7,723 | -€1,988 | -20.5% |
| Remuneration, social security and pensions | 62 | €120,416 | €161,363 | +€40,947 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,519 | €121,532 | +€20,013 | +19.7% |
| Other operating charges | 640/8 | €22,545 | €24,907 | +€2,363 | +10.5% |
| Gross operating margin | 9900 | €292,378 | €392,368 | +€99,990 | +34.2% |
| Operating profit (loss) | 9901 | €47,898 | €84,565 | +€36,667 | +76.6% |
| Financial income | 75/76B | €4,585 | €1,918 | -€2,667 | -58.2% |
| Recurring financial income | 75 | €4,585 | €1,918 | -€2,667 | -58.2% |
| Financial charges | 65/66B | €16,698 | €15,555 | -€1,143 | -6.8% |
| Recurring financial charges | 65 | €16,698 | €15,555 | -€1,143 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €35,785 | €70,928 | +€35,143 | +98.2% |
| Income taxes | 67/77 | €11,120 | €21,277 | +€10,157 | +91.3% |
| Profit (loss) for the period | 9904 | €24,666 | €49,651 | +€24,985 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €24,666 | €49,651 | +€24,985 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.