HOUSEMASTER: what changed
HOUSEMASTER
Largest movements
- Tangible fixed assets -€60,950
down €60,950 (-11.0%), from €552,274 to €491,324
of which Land and buildings: -€59,887
- Cash -€36,344
down €36,344 (-83.0%), from €43,803 to €7,459
mainly Other debts (-€176,789) and Net result for the year (-€57,097)
- Other debts -€176,789
down €176,789 (-58.6%), from €301,730 to €124,941
- Debts after one year +€135,736
up €135,736 (+19.2%), from €708,348 to €844,084
of which Other amounts payable: +€150,000
- Profit (loss) carried forward -€57,097
down €57,097 (-13.2%), from -€433,182 to -€490,280
- Gross operating margin -€5,606
down €5,606 (-18.6%), from €30,077 to €24,471
- Other operating charges +€3,296
up €3,296 (+83.5%), from €3,949 to €7,245
- Depreciation -€1,280
down €1,280 (-2.1%), from €62,230 to €60,950
- Financial charges -€552
down €552 (-4.0%), from €13,925 to €13,373
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,157 | €538,764 | -€96,394 | -15.2% |
| Fixed assets | 21/28 | €552,274 | €491,324 | -€60,950 | -11.0% |
| Tangible fixed assets | 22/27 | €552,274 | €491,324 | -€60,950 | -11.0% |
| Land and buildings | 22 | €548,227 | €488,340 | -€59,887 | -10.9% |
| Plant, machinery and equipment | 23 | €25 | - | -€25 | |
| Furniture and vehicles | 24 | €4,022 | €2,984 | -€1,038 | -25.8% |
| Current assets | 29/58 | €82,883 | €47,440 | -€35,443 | -42.8% |
| Amounts receivable within one year | 40/41 | €15,048 | €16,993 | +€1,944 | +12.9% |
| Trade receivables | 40 | €4,840 | €1,000 | -€3,840 | -79.3% |
| Other amounts receivable | 41 | €10,208 | €15,993 | +€5,784 | +56.7% |
| Cash at bank and in hand | 54/58 | €43,803 | €7,459 | -€36,344 | -83.0% |
| Deferred charges and accrued income | 490/1 | €24,032 | €22,988 | -€1,044 | -4.3% |
| Total equity and liabilities | 10/49 | €635,157 | €538,764 | -€96,394 | -15.2% |
| Equity | 10/15 | -€403,644 | -€460,742 | -€57,097 | -14.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €10,538 | €10,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €8,638 | €8,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,182 | -€490,280 | -€57,097 | -13.2% |
| Amounts payable | 17/49 | €1,038,802 | €999,505 | -€39,296 | -3.8% |
| Amounts payable after more than one year | 17 | €708,348 | €844,084 | +€135,736 | +19.2% |
| Financial debts | 170/4 | €333,348 | €319,084 | -€14,264 | -4.3% |
| Other amounts payable | 178/9 | €375,000 | €525,000 | +€150,000 | +40.0% |
| Amounts payable within one year | 42/48 | €325,588 | €155,421 | -€170,167 | -52.3% |
| Financial debts | 43 | €13,716 | €14,264 | +€548 | +4.0% |
| Credit institutions | 430/8 | €13,716 | €14,264 | +€548 | +4.0% |
| Trade debts | 44 | €10,143 | €15,006 | +€4,864 | +48.0% |
| Suppliers | 440/4 | €10,143 | €15,006 | +€4,864 | +48.0% |
| Advances received on contracts in progress | 46 | - | €1,210 | +€1,210 | |
| Other amounts payable | 47/48 | €301,730 | €124,941 | -€176,789 | -58.6% |
| Accrued charges and deferred income | 492/3 | €4,866 | - | -€4,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,230 | €60,950 | -€1,280 | -2.1% |
| Other operating charges | 640/8 | €3,949 | €7,245 | +€3,296 | +83.5% |
| Gross operating margin | 9900 | €30,077 | €24,471 | -€5,606 | -18.6% |
| Operating profit (loss) | 9901 | -€36,101 | -€43,724 | -€7,623 | -21.1% |
| Financial charges | 65/66B | €13,925 | €13,373 | -€552 | -4.0% |
| Recurring financial charges | 65 | €13,925 | €13,373 | -€552 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,026 | -€57,097 | -€7,071 | -14.1% |
| Profit (loss) for the period | 9904 | -€50,026 | -€57,097 | -€7,071 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,026 | -€57,097 | -€7,071 | -14.1% |
Next steps
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 1 November 2026 via checked.be.