Dr. Eliane Hons: 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.
Dr. Eliane Hons
Largest movements
- Receivables within one year +€163,015
up €163,015 (+126%), from €129,734 to €292,749
of which Other amounts receivable: +€144,935
- Cash -€155,307
down €155,307 (-84.0%), from €184,958 to €29,651
mainly Receivables within one year (-€163,015) and Contributions, distributions and other (-€81,034)
- Tangible fixed assets -€18,766
down €18,766 (-8.7%), from €214,486 to €195,720
of which Other tangible fixed assets: -€44,680
- Receivables after one year -€12,000
down €12,000 (-16.7%), from €72,000 to €60,000
- Other debts +€45,688
up €45,688 (+129%), from €35,346 to €81,034
- Debts after one year -€43,239
down €43,239 (-19.5%), from €221,974 to €178,736
- Reserves -€31,601
down €31,601 (-12.1%), from €260,333 to €228,733
- Trade debts +€15,732
up €15,732 (+205%), from €7,681 to €23,413
- Gross operating margin -€38,380
down €38,380 (-27.9%), from €137,410 to €99,030
- Depreciation -€9,474
down €9,474 (-26.7%), from €35,478 to €26,004
- Taxes +€5,851
up €5,851 (+30.7%), from €19,031 to €24,882
- Financial income +€5,813
up €5,813 (+162%), from €3,596 to €9,409
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 | €602,152 | €584,282 | -€17,870 | -3.0% |
| Fixed assets | 21/28 | €214,486 | €198,539 | -€15,947 | -7.4% |
| Intangible fixed assets | 21 | - | €2,819 | +€2,819 | |
| Tangible fixed assets | 22/27 | €214,486 | €195,720 | -€18,766 | -8.7% |
| Land and buildings | 22 | €5,500 | €27,500 | +€22,000 | +400% |
| Plant, machinery and equipment | 23 | €9,855 | €7,444 | -€2,410 | -24.5% |
| Furniture and vehicles | 24 | €1,184 | €7,509 | +€6,325 | +534% |
| Other tangible fixed assets | 26 | €197,947 | €153,266 | -€44,680 | -22.6% |
| Current assets | 29/58 | €387,666 | €385,743 | -€1,923 | -0.5% |
| Amounts receivable after more than one year | 29 | €72,000 | €60,000 | -€12,000 | -16.7% |
| Other amounts receivable | 291 | €72,000 | €60,000 | -€12,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €129,734 | €292,749 | +€163,015 | +126% |
| Trade receivables | 40 | €18,436 | €36,516 | +€18,081 | +98.1% |
| Other amounts receivable | 41 | €111,298 | €256,232 | +€144,935 | +130% |
| Cash at bank and in hand | 54/58 | €184,958 | €29,651 | -€155,307 | -84.0% |
| Deferred charges and accrued income | 490/1 | €975 | €3,343 | +€2,369 | +243% |
| Total equity and liabilities | 10/49 | €602,152 | €584,282 | -€17,870 | -3.0% |
| Equity | 10/15 | €272,733 | €241,133 | -€31,601 | -11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €260,333 | €228,733 | -€31,601 | -12.1% |
| Distributable reserves | 133 | €260,333 | €228,733 | -€31,601 | -12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €329,419 | €343,149 | +€13,730 | +4.2% |
| Amounts payable after more than one year | 17 | €221,974 | €178,736 | -€43,239 | -19.5% |
| Financial debts | 170/4 | €221,974 | €178,736 | -€43,239 | -19.5% |
| Amounts payable within one year | 42/48 | €106,066 | €163,602 | +€57,537 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €42,296 | €43,239 | +€943 | +2.2% |
| Financial debts | 43 | €5,884 | €0 | -€5,884 | -100% |
| Credit institutions | 430/8 | €5,884 | €0 | -€5,884 | -100% |
| Trade debts | 44 | €7,681 | €23,413 | +€15,732 | +205% |
| Suppliers | 440/4 | €7,681 | €23,413 | +€15,732 | +205% |
| Taxes, remuneration and social security | 45 | €14,859 | €15,918 | +€1,059 | +7.1% |
| Taxes | 450/3 | €11,035 | €12,059 | +€1,024 | +9.3% |
| Remuneration and social security | 454/9 | €3,824 | €3,859 | +€35 | +0.9% |
| Other amounts payable | 47/48 | €35,346 | €81,034 | +€45,688 | +129% |
| Accrued charges and deferred income | 492/3 | €1,379 | €811 | -€568 | -41.2% |
| Non-recurring operating income | 76A | €45,823 | €31,962 | -€13,861 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,478 | €26,004 | -€9,474 | -26.7% |
| Other operating charges | 640/8 | €1,190 | €1,656 | +€465 | +39.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €137,410 | €99,030 | -€38,380 | -27.9% |
| Operating profit (loss) | 9901 | €100,742 | €71,370 | -€29,372 | -29.2% |
| Financial income | 75/76B | €3,596 | €9,409 | +€5,813 | +162% |
| Recurring financial income | 75 | €3,596 | €9,409 | +€5,813 | +162% |
| Financial charges | 65/66B | €7,442 | €6,464 | -€978 | -13.1% |
| Recurring financial charges | 65 | €7,442 | €6,464 | -€978 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €96,896 | €74,315 | -€22,581 | -23.3% |
| Income taxes | 67/77 | €19,031 | €24,882 | +€5,851 | +30.7% |
| Profit (loss) for the period | 9904 | €77,865 | €49,433 | -€28,432 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,865 | €49,433 | -€28,432 | -36.5% |
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 18 October 2026 via checked.be.