Van Houwenis: 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 Houwenis
Largest movements
- Receivables within one year +€29,492
up €29,492 (+83.2%), from €35,465 to €64,957
of which Other amounts receivable: +€28,169
- Cash +€5,884
up €5,884 (+38.6%), from €15,260 to €21,145
mainly Net result for the year (+€31,398) and Depreciation (+€9,308)
- Tangible fixed assets -€5,482
down €5,482 (-23.4%), from €23,402 to €17,921
of which Leasing and similar rights: -€6,357
- Financial fixed assets +€3,225
new in 2025: €3,225
- Reserves +€31,350
up €31,350 (+56.4%), from €55,550 to €86,900
- Tax, wage and social debts +€6,667
up €6,667 (+158%), from €4,213 to €10,880
- Current portion of long-term debt -€4,669
down €4,669 (-59.0%), from €7,920 to €3,251
- Debts after one year -€3,143
no longer reported in 2025 (was €3,143)
- Trade debts +€2,249
new in 2025: €2,249
- Gross operating margin +€22,222
up €22,222 (+75.2%), from €29,555 to €51,777
- Taxes +€4,887
up €4,887 (+82.7%), from €5,907 to €10,794
- Financial income +€1,388
up €1,388 (+2,651%), from €52 to €1,441
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 | €74,915 | €107,418 | +€32,502 | +43.4% |
| Fixed assets | 21/28 | €23,402 | €21,146 | -€2,257 | -9.6% |
| Tangible fixed assets | 22/27 | €23,402 | €17,921 | -€5,482 | -23.4% |
| Plant, machinery and equipment | 23 | €7,412 | €5,863 | -€1,549 | -20.9% |
| Furniture and vehicles | 24 | €1,535 | €709 | -€826 | -53.8% |
| Leasing and similar rights | 25 | €14,455 | €8,098 | -€6,357 | -44.0% |
| Other tangible fixed assets | 26 | - | €3,250 | +€3,250 | |
| Financial fixed assets | 28 | - | €3,225 | +€3,225 | |
| Current assets | 29/58 | €51,513 | €86,272 | +€34,759 | +67.5% |
| Amounts receivable within one year | 40/41 | €35,465 | €64,957 | +€29,492 | +83.2% |
| Trade receivables | 40 | €10,414 | €11,737 | +€1,323 | +12.7% |
| Other amounts receivable | 41 | €25,051 | €53,220 | +€28,169 | +112% |
| Cash at bank and in hand | 54/58 | €15,260 | €21,145 | +€5,884 | +38.6% |
| Deferred charges and accrued income | 490/1 | €788 | €171 | -€617 | -78.3% |
| Total equity and liabilities | 10/49 | €74,915 | €107,418 | +€32,502 | +43.4% |
| Equity | 10/15 | €59,640 | €91,039 | +€31,398 | +52.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,550 | €86,900 | +€31,350 | +56.4% |
| Distributable reserves | 133 | €55,550 | €86,900 | +€31,350 | +56.4% |
| Profit (loss) carried forward | 14 | €90 | €139 | +€48 | +53.5% |
| Amounts payable | 17/49 | €15,275 | €16,379 | +€1,104 | +7.2% |
| Amounts payable after more than one year | 17 | €3,143 | - | -€3,143 | |
| Financial debts | 170/4 | €3,143 | - | -€3,143 | |
| Amounts payable within one year | 42/48 | €12,133 | €16,379 | +€4,247 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €3,251 | -€4,669 | -59.0% |
| Trade debts | 44 | - | €2,249 | +€2,249 | |
| Suppliers | 440/4 | - | €2,249 | +€2,249 | |
| Taxes, remuneration and social security | 45 | €4,213 | €10,880 | +€6,667 | +158% |
| Taxes | 450/3 | €4,213 | €10,880 | +€6,667 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €9,308 | +€370 | +4.1% |
| Other operating charges | 640/8 | €765 | €832 | +€67 | +8.7% |
| Gross operating margin | 9900 | €29,555 | €51,777 | +€22,222 | +75.2% |
| Operating profit (loss) | 9901 | €19,852 | €41,636 | +€21,785 | +110% |
| Financial income | 75/76B | €52 | €1,441 | +€1,388 | +2,651% |
| Recurring financial income | 75 | €52 | €1,441 | +€1,388 | +2,651% |
| Financial charges | 65/66B | €880 | €885 | +€5 | +0.6% |
| Recurring financial charges | 65 | €880 | €885 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €19,024 | €42,192 | +€23,168 | +122% |
| Income taxes | 67/77 | €5,907 | €10,794 | +€4,887 | +82.7% |
| Profit (loss) for the period | 9904 | €13,117 | €31,398 | +€18,281 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €13,117 | €31,398 | +€18,281 | +139% |
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 17 October 2026 via checked.be.