DR TINE HONINX: 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 TINE HONINX
Largest movements
- Cash -€18,185
down €18,185 (-10.5%), from €173,089 to €154,904
mainly Contributions, distributions and other (-€168,055) and Investment in fixed assets (net) (-€14,767)
- Tangible fixed assets +€12,326
up €12,326 (+5,711%), from €216 to €12,542
- Deferred charges and accrued income +€5,490
new in 2025: €5,490
- Other debts -€6,489
down €6,489 (-4.1%), from €157,055 to €150,566
- Trade debts +€5,615
up €5,615 (+466%), from €1,205 to €6,820
- Profit (loss) carried forward +€4,909
new in 2025: €4,909
- Tax, wage and social debts -€4,403
down €4,403 (-54.7%), from €8,045 to €3,641
- Gross operating margin +€38,511
up €38,511 (+20.2%), from €190,490 to €229,002
- Taxes +€9,497
up €9,497 (+22.1%), from €43,045 to €52,541
- Depreciation +€2,410
up €2,410 (+7,836%), from €31 to €2,440
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 | €173,305 | €172,936 | -€368 | -0.2% |
| Fixed assets | 21/28 | €216 | €12,542 | +€12,326 | +5,711% |
| Tangible fixed assets | 22/27 | €216 | €12,542 | +€12,326 | +5,711% |
| Furniture and vehicles | 24 | €216 | €12,542 | +€12,326 | +5,711% |
| Current assets | 29/58 | €173,089 | €160,394 | -€12,695 | -7.3% |
| Cash at bank and in hand | 54/58 | €173,089 | €154,904 | -€18,185 | -10.5% |
| Deferred charges and accrued income | 490/1 | - | €5,490 | +€5,490 | |
| Total equity and liabilities | 10/49 | €173,305 | €172,936 | -€368 | -0.2% |
| Equity | 10/15 | €7,000 | €11,909 | +€4,909 | +70.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,909 | +€4,909 | |
| Amounts payable | 17/49 | €166,305 | €161,027 | -€5,278 | -3.2% |
| Amounts payable within one year | 42/48 | €166,305 | €161,027 | -€5,278 | -3.2% |
| Trade debts | 44 | €1,205 | €6,820 | +€5,615 | +466% |
| Suppliers | 440/4 | €1,205 | €6,820 | +€5,615 | +466% |
| Taxes, remuneration and social security | 45 | €8,045 | €3,641 | -€4,403 | -54.7% |
| Taxes | 450/3 | €8,045 | €3,641 | -€4,403 | -54.7% |
| Other amounts payable | 47/48 | €157,055 | €150,566 | -€6,489 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €2,440 | +€2,410 | +7,836% |
| Other operating charges | 640/8 | €758 | €976 | +€218 | +28.8% |
| Gross operating margin | 9900 | €190,490 | €229,002 | +€38,511 | +20.2% |
| Operating profit (loss) | 9901 | €189,701 | €225,585 | +€35,884 | +18.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €684 | €79 | -€604 | -88.4% |
| Recurring financial charges | 65 | €684 | €79 | -€604 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €189,017 | €225,505 | +€36,488 | +19.3% |
| Income taxes | 67/77 | €43,045 | €52,541 | +€9,497 | +22.1% |
| Profit (loss) for the period | 9904 | €145,973 | €172,964 | +€26,991 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €145,973 | €172,964 | +€26,991 | +18.5% |
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 20 October 2026 via checked.be.