Van Houte: 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 Houte
Largest movements
- Receivables within one year +€28,949
up €28,949 (+130%), from €22,220 to €51,169
of which Trade receivables: +€31,760
- Stocks and contracts -€18,394
down €18,394 (-9.7%), from €190,560 to €172,167
- Tangible fixed assets -€4,500
down €4,500 (-15.2%), from €29,558 to €25,058
of which Plant, machinery and equipment: -€2,800
- Other debts +€64,111
new in 2025: €64,111
- Trade debts -€47,720
down €47,720 (-60.4%), from €79,040 to €31,320
- Profit (loss) carried forward -€20,351
down €20,351 (-9.3%), from -€219,201 to -€239,552
- Accrued charges and deferred income +€8,231
new in 2025: €8,231
- Gross operating margin +€65,915
up €65,915 (+470%), from €14,020 to €79,935
- Financial charges +€7,370
up €7,370 (+34.2%), from €21,537 to €28,907
- Staff costs -€3,052
down €3,052 (-5.4%), from €56,927 to €53,875
- Other operating charges +€2,963
up €2,963 (+29.7%), from €9,971 to €12,934
- Depreciation -€850
down €850 (-15.9%), from €5,350 to €4,500
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 | €270,657 | €274,690 | +€4,033 | +1.5% |
| Fixed assets | 21/28 | €29,558 | €25,058 | -€4,500 | -15.2% |
| Tangible fixed assets | 22/27 | €29,558 | €25,058 | -€4,500 | -15.2% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,068 | €268 | -€2,800 | -91.3% |
| Furniture and vehicles | 24 | €1,700 | - | -€1,700 | |
| Current assets | 29/58 | €241,099 | €249,632 | +€8,533 | +3.5% |
| Stocks and contracts in progress | 3 | €190,560 | €172,167 | -€18,394 | -9.7% |
| Stocks | 30/36 | €190,560 | €172,167 | -€18,394 | -9.7% |
| Amounts receivable within one year | 40/41 | €22,220 | €51,169 | +€28,949 | +130% |
| Trade receivables | 40 | €7,699 | €39,459 | +€31,760 | +412% |
| Other amounts receivable | 41 | €14,521 | €11,710 | -€2,811 | -19.4% |
| Cash at bank and in hand | 54/58 | €26,247 | €24,280 | -€1,967 | -7.5% |
| Deferred charges and accrued income | 490/1 | €2,072 | €2,017 | -€55 | -2.7% |
| Total equity and liabilities | 10/49 | €270,657 | €274,690 | +€4,033 | +1.5% |
| Equity | 10/15 | -€91,412 | -€111,763 | -€20,351 | -22.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,789 | €2,789 | = | 0.0% |
| Distributable reserves | 133 | €2,789 | €2,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,201 | -€239,552 | -€20,351 | -9.3% |
| Amounts payable | 17/49 | €362,069 | €386,452 | +€24,384 | +6.7% |
| Amounts payable within one year | 42/48 | €362,069 | €378,222 | +€16,153 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €275,000 | €275,000 | = | 0.0% |
| Trade debts | 44 | €79,040 | €31,320 | -€47,720 | -60.4% |
| Suppliers | 440/4 | €79,040 | €31,320 | -€47,720 | -60.4% |
| Taxes, remuneration and social security | 45 | €8,028 | €7,790 | -€238 | -3.0% |
| Taxes | 450/3 | €652 | €470 | -€182 | -27.9% |
| Remuneration and social security | 454/9 | €7,377 | €7,321 | -€56 | -0.8% |
| Other amounts payable | 47/48 | - | €64,111 | +€64,111 | |
| Accrued charges and deferred income | 492/3 | - | €8,231 | +€8,231 | |
| Remuneration, social security and pensions | 62 | €56,927 | €53,875 | -€3,052 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,350 | €4,500 | -€850 | -15.9% |
| Other operating charges | 640/8 | €9,971 | €12,934 | +€2,963 | +29.7% |
| Gross operating margin | 9900 | €14,020 | €79,935 | +€65,915 | +470% |
| Operating profit (loss) | 9901 | -€58,228 | €8,627 | +€66,855 | |
| Financial income | 75/76B | €0 | €94 | +€94 | +33,561% |
| Recurring financial income | 75 | €0 | €94 | +€94 | +33,561% |
| Financial charges | 65/66B | €21,537 | €28,907 | +€7,370 | +34.2% |
| Recurring financial charges | 65 | €21,537 | €28,907 | +€7,370 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,764 | -€20,186 | +€59,578 | +74.7% |
| Income taxes | 67/77 | €305 | €165 | -€141 | -46.0% |
| Profit (loss) for the period | 9904 | -€80,070 | -€20,351 | +€59,719 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,070 | -€20,351 | +€59,719 | +74.6% |
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 25 October 2026 via checked.be.