VAN HOUT J.: 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 HOUT J.
Largest movements
- Tangible fixed assets -€49,032
down €49,032 (-14.1%), from €348,930 to €299,898
of which Land and buildings: -€27,272
- Receivables within one year +€17,522
up €17,522 (+78.0%), from €22,452 to €39,975
of which Trade receivables: +€15,413
- Stocks and contracts -€5,510
down €5,510 (-23.7%), from €23,264 to €17,754
- Cash +€5,014
up €5,014 (+6.0%), from €83,820 to €88,834
mainly Depreciation (+€52,932) and Current portion of long-term debt (+€19,131)
- Debts after one year -€53,069
down €53,069 (-21.1%), from €252,051 to €198,983
- Current portion of long-term debt +€19,131
up €19,131 (+56.4%), from €33,937 to €53,069
- Reserves +€5,560
up €5,560 (+11.6%), from €47,980 to €53,539
of which Distributable reserves: +€5,560
- Other debts -€4,970
down €4,970 (-66.2%), from €7,508 to €2,538
- Gross operating margin +€33,964
up €33,964 (+32.3%), from €105,134 to €139,098
- Financial income -€21,142
down €21,142 (-99.9%), from €21,159 to €16
of which Non-recurring financial income: -€21,150
- Depreciation +€16,575
up €16,575 (+45.6%), from €36,357 to €52,932
- Staff costs +€3,637
up €3,637 (+7.1%), from €51,234 to €54,870
- Taxes +€1,775
up €1,775 (+36.8%), from €4,820 to €6,595
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 | €478,934 | €447,254 | -€31,680 | -6.6% |
| Fixed assets | 21/28 | €349,330 | €300,298 | -€49,032 | -14.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €348,930 | €299,898 | -€49,032 | -14.1% |
| Land and buildings | 22 | €287,300 | €260,028 | -€27,272 | -9.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €61,630 | €39,870 | -€21,759 | -35.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €129,605 | €146,956 | +€17,352 | +13.4% |
| Stocks and contracts in progress | 3 | €23,264 | €17,754 | -€5,510 | -23.7% |
| Stocks | 30/36 | €23,264 | €17,754 | -€5,510 | -23.7% |
| Amounts receivable within one year | 40/41 | €22,452 | €39,975 | +€17,522 | +78.0% |
| Trade receivables | 40 | €21,559 | €36,972 | +€15,413 | +71.5% |
| Other amounts receivable | 41 | €894 | €3,003 | +€2,109 | +236% |
| Cash at bank and in hand | 54/58 | €83,820 | €88,834 | +€5,014 | +6.0% |
| Deferred charges and accrued income | 490/1 | €68 | €393 | +€326 | +479% |
| Total equity and liabilities | 10/49 | €478,934 | €447,254 | -€31,680 | -6.6% |
| Equity | 10/15 | €146,822 | €152,381 | +€5,560 | +3.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €47,980 | €53,539 | +€5,560 | +11.6% |
| Non-distributable reserves | 130/1 | €1,912 | €1,912 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,912 | €1,912 | = | 0.0% |
| Distributable reserves | 133 | €46,068 | €51,627 | +€5,560 | +12.1% |
| Profit (loss) carried forward | 14 | €8,842 | €8,842 | = | 0.0% |
| Amounts payable | 17/49 | €332,113 | €294,873 | -€37,240 | -11.2% |
| Amounts payable after more than one year | 17 | €252,051 | €198,983 | -€53,069 | -21.1% |
| Financial debts | 170/4 | €252,051 | €198,983 | -€53,069 | -21.1% |
| Amounts payable within one year | 42/48 | €80,062 | €95,890 | +€15,829 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €33,937 | €53,069 | +€19,131 | +56.4% |
| Trade debts | 44 | €6,514 | €1,841 | -€4,673 | -71.7% |
| Suppliers | 440/4 | €6,514 | €1,841 | -€4,673 | -71.7% |
| Advances received on contracts in progress | 46 | €23,014 | €26,683 | +€3,669 | +15.9% |
| Taxes, remuneration and social security | 45 | €9,089 | €11,760 | +€2,671 | +29.4% |
| Taxes | 450/3 | €3,373 | €4,595 | +€1,222 | +36.2% |
| Remuneration and social security | 454/9 | €5,716 | €7,165 | +€1,449 | +25.4% |
| Other amounts payable | 47/48 | €7,508 | €2,538 | -€4,970 | -66.2% |
| Remuneration, social security and pensions | 62 | €51,234 | €54,870 | +€3,637 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,357 | €52,932 | +€16,575 | +45.6% |
| Other operating charges | 640/8 | €3,325 | €3,659 | +€335 | +10.1% |
| Gross operating margin | 9900 | €105,134 | €139,098 | +€33,964 | +32.3% |
| Operating profit (loss) | 9901 | €14,218 | €27,636 | +€13,418 | +94.4% |
| Financial income | 75/76B | €21,159 | €16 | -€21,142 | -99.9% |
| Recurring financial income | 75 | €9 | €16 | +€8 | +87.6% |
| Non-recurring financial income | 76B | €21,150 | - | -€21,150 | |
| Financial charges | 65/66B | €6,013 | €5,498 | -€515 | -8.6% |
| Recurring financial charges | 65 | €6,013 | €5,498 | -€515 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €29,364 | €22,155 | -€7,209 | -24.6% |
| Income taxes | 67/77 | €4,820 | €6,595 | +€1,775 | +36.8% |
| Profit (loss) for the period | 9904 | €24,544 | €15,560 | -€8,985 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,544 | €15,560 | -€8,985 | -36.6% |
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 19 October 2026 via checked.be.