DE HOENRIK: 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.
DE HOENRIK
Largest movements
- Cash +€16,214
up €16,214 (+133%), from €12,183 to €28,397
mainly Depreciation (+€18,201) and Net result for the year (+€5,454)
- Tangible fixed assets -€13,156
down €13,156 (-16.8%), from €78,502 to €65,345
of which Land and buildings: -€9,000
- Reserves +€5,000
up €5,000 (+85.3%), from €5,860 to €10,860
of which Distributable reserves: +€5,000
- Short-term financial debts -€1,681
no longer reported in 2025 (was €1,681)
- Gross operating margin -€45,814
down €45,814 (-49.3%), from €92,995 to €47,182
- Staff costs -€38,104
down €38,104 (-67.9%), from €56,149 to €18,044
- Financial charges -€1,237
down €1,237 (-78.6%), from €1,574 to €338
- Taxes -€1,017
down €1,017 (-29.4%), from €3,455 to €2,438
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 | €92,454 | €95,326 | +€2,872 | +3.1% |
| Fixed assets | 21/28 | €78,502 | €65,345 | -€13,156 | -16.8% |
| Tangible fixed assets | 22/27 | €78,502 | €65,345 | -€13,156 | -16.8% |
| Land and buildings | 22 | €65,000 | €56,000 | -€9,000 | -13.8% |
| Plant, machinery and equipment | 23 | €5,151 | €451 | -€4,700 | -91.2% |
| Other tangible fixed assets | 26 | €8,350 | €8,894 | +€544 | +6.5% |
| Current assets | 29/58 | €13,953 | €29,981 | +€16,028 | +115% |
| Cash at bank and in hand | 54/58 | €12,183 | €28,397 | +€16,214 | +133% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,584 | -€185 | -10.5% |
| Total equity and liabilities | 10/49 | €92,454 | €95,326 | +€2,872 | +3.1% |
| Equity | 10/15 | €76,384 | €81,839 | +€5,454 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €10,860 | +€5,000 | +85.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €51,924 | €52,379 | +€454 | +0.9% |
| Amounts payable | 17/49 | €16,070 | €13,488 | -€2,582 | -16.1% |
| Amounts payable within one year | 42/48 | €16,070 | €13,488 | -€2,582 | -16.1% |
| Financial debts | 43 | €1,681 | - | -€1,681 | |
| Credit institutions | 430/8 | €1,681 | - | -€1,681 | |
| Trade debts | 44 | €4,650 | €4,372 | -€278 | -6.0% |
| Suppliers | 440/4 | €4,650 | €4,372 | -€278 | -6.0% |
| Taxes, remuneration and social security | 45 | €7,978 | €7,483 | -€495 | -6.2% |
| Taxes | 450/3 | €4,003 | €3,201 | -€802 | -20.0% |
| Remuneration and social security | 454/9 | €3,975 | €4,282 | +€307 | +7.7% |
| Other amounts payable | 47/48 | €1,761 | €1,633 | -€128 | -7.2% |
| Remuneration, social security and pensions | 62 | €56,149 | €18,044 | -€38,104 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,875 | €18,201 | +€326 | +1.8% |
| Other operating charges | 640/8 | €2,673 | €2,706 | +€33 | +1.2% |
| Gross operating margin | 9900 | €92,995 | €47,182 | -€45,814 | -49.3% |
| Operating profit (loss) | 9901 | €16,298 | €8,230 | -€8,068 | -49.5% |
| Financial charges | 65/66B | €1,574 | €338 | -€1,237 | -78.6% |
| Recurring financial charges | 65 | €1,574 | €338 | -€1,237 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €14,724 | €7,893 | -€6,831 | -46.4% |
| Income taxes | 67/77 | €3,455 | €2,438 | -€1,017 | -29.4% |
| Profit (loss) for the period | 9904 | €11,269 | €5,454 | -€5,815 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,269 | €5,454 | -€5,815 | -51.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.