HOUCA: 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.
HOUCA
Largest movements
- Receivables within one year +€21,796
new in 2025: €21,796
- Cash -€10,766
down €10,766 (-52.1%), from €20,658 to €9,892
mainly Debts after one year (-€77,230) and Receivables within one year (-€21,796)
- Reserves +€99,797
up €99,797 (+86.1%), from €115,884 to €215,682
- Debts after one year -€77,230
down €77,230 (-21.5%), from €359,022 to €281,793
- Other debts -€20,908
down €20,908 (-7.9%), from €263,971 to €243,063
- Tax, wage and social debts +€10,477
up €10,477 (+38.0%), from €27,572 to €38,050
- Gross operating margin +€51,308
up €51,308 (+47.0%), from €109,053 to €160,361
- Taxes +€11,436
up €11,436 (+68.3%), from €16,749 to €28,185
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 | €873,064 | €886,117 | +€13,053 | +1.5% |
| Fixed assets | 21/28 | €852,379 | €854,402 | +€2,023 | +0.2% |
| Tangible fixed assets | 22/27 | €2,739 | €4,763 | +€2,023 | +73.9% |
| Furniture and vehicles | 24 | €2,739 | €4,763 | +€2,023 | +73.9% |
| Financial fixed assets | 28 | €849,640 | €849,640 | = | 0.0% |
| Current assets | 29/58 | €20,685 | €31,715 | +€11,030 | +53.3% |
| Amounts receivable within one year | 40/41 | - | €21,796 | +€21,796 | |
| Trade receivables | 40 | - | €21,796 | +€21,796 | |
| Cash at bank and in hand | 54/58 | €20,658 | €9,892 | -€10,766 | -52.1% |
| Deferred charges and accrued income | 490/1 | €28 | €28 | = | 0.0% |
| Total equity and liabilities | 10/49 | €873,064 | €886,117 | +€13,053 | +1.5% |
| Equity | 10/15 | €145,884 | €245,682 | +€99,797 | +68.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €115,884 | €215,682 | +€99,797 | +86.1% |
| Distributable reserves | 133 | €115,884 | €215,682 | +€99,797 | +86.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €727,180 | €640,435 | -€86,744 | -11.9% |
| Amounts payable after more than one year | 17 | €359,022 | €281,793 | -€77,230 | -21.5% |
| Financial debts | 170/4 | €359,022 | €281,793 | -€77,230 | -21.5% |
| Amounts payable within one year | 42/48 | €368,157 | €358,643 | -€9,515 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €74,098 | €77,230 | +€3,132 | +4.2% |
| Trade debts | 44 | €2,516 | €301 | -€2,215 | -88.0% |
| Suppliers | 440/4 | €2,516 | €301 | -€2,215 | -88.0% |
| Taxes, remuneration and social security | 45 | €27,572 | €38,050 | +€10,477 | +38.0% |
| Taxes | 450/3 | €27,572 | €38,050 | +€10,477 | +38.0% |
| Other amounts payable | 47/48 | €263,971 | €243,063 | -€20,908 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €1,429 | +€564 | +65.2% |
| Other operating charges | 640/8 | €522 | €1,172 | +€650 | +125% |
| Gross operating margin | 9900 | €109,053 | €160,361 | +€51,308 | +47.0% |
| Operating profit (loss) | 9901 | €107,666 | €157,760 | +€50,094 | +46.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €27,358 | €28,112 | +€753 | +2.8% |
| Recurring financial charges | 65 | €27,358 | €28,112 | +€753 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €80,309 | €129,649 | +€49,340 | +61.4% |
| Income taxes | 67/77 | €16,749 | €28,185 | +€11,436 | +68.3% |
| Profit (loss) for the period | 9904 | €63,559 | €101,463 | +€37,904 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,559 | €101,463 | +€37,904 | +59.6% |
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 22 October 2026 via checked.be.