HOENS MANAGEMENT: 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.
What changed
HOENS MANAGEMENT
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23,936
2024 · -€519-€23,417
Equity
€533,679
2024 · €557,614-€23,936
Cash
€5,061
2024 · €12,077-€7,016
Balance sheet total
€782,841
2024 · €813,294-€30,453
Largest movements
Assets
- Tangible fixed assets -€29,031
down €29,031 (-4.6%), from €628,760 to €599,729
of which Land and buildings: -€24,846
Equity and liabilities
- Debts after one year -€18,623
down €18,623 (-10.7%), from €173,513 to €154,891
- Profit (loss) carried forward -€17,997
down €17,997 (-11.2%), from €160,103 to €142,106
- Other debts +€15,000
up €15,000 (+74.3%), from €20,181 to €35,181
Income statement
- Gross operating margin -€26,133
down €26,133 (-74.3%), from €35,155 to €9,022
- Taxes -€1,339
down €1,339, from €1,336 to -€3
- Financial income +€430
up €430 (+7.5%), from €5,715 to €6,145
- Other operating charges -€362
down €362 (-4.6%), from €7,842 to €7,480
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.
Result 2024
-€519
Gross operating margin
-€26,133
Depreciation
+€251
Other operating charges
+€362
Financial income
+€430
Financial charges
+€333
Taxes
+€1,339
Result 2025
-€23,936
raises the resultlowers the result
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.
From operations
+€11,215
Investment
€0
Financing
-€18,230
Cash 2024
€12,077
From operations (derived)
+€11,215
Net result for the year
-€23,936
Depreciation
+€29,031
Receivables within one year
-€6,532
Deferred charges and accrued income
+€939
Provisions
-€1,486
Trade debts
-€462
Tax, wage and social debts
-€1,340
Other debts
+€15,000
Financing
-€18,230
Debts after one year
-€18,623
Current portion of long-term debt
+€392
Cash 2025
€5,061
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,294 | €782,841 | -€30,453 | -3.7% |
| Fixed assets | 21/28 | €628,797 | €599,766 | -€29,031 | -4.6% |
| Tangible fixed assets | 22/27 | €628,760 | €599,729 | -€29,031 | -4.6% |
| Land and buildings | 22 | €611,803 | €586,957 | -€24,846 | -4.1% |
| Plant, machinery and equipment | 23 | €16,957 | €12,772 | -€4,185 | -24.7% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €184,497 | €183,074 | -€1,422 | -0.8% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,530 | €87,062 | +€6,532 | +8.1% |
| Other amounts receivable | 41 | €80,530 | €87,062 | +€6,532 | +8.1% |
| Cash at bank and in hand | 54/58 | €12,077 | €5,061 | -€7,016 | -58.1% |
| Deferred charges and accrued income | 490/1 | €1,890 | €951 | -€939 | -49.7% |
| Total equity and liabilities | 10/49 | €813,294 | €782,841 | -€30,453 | -3.7% |
| Equity | 10/15 | €557,614 | €533,679 | -€23,936 | -4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €335,511 | €329,573 | -€5,939 | -1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,389 | €154,451 | -€5,939 | -3.7% |
| Distributable reserves | 133 | €168,922 | €168,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,103 | €142,106 | -€17,997 | -11.2% |
| Provisions and deferred taxes | 16 | €40,092 | €38,606 | -€1,486 | -3.7% |
| Deferred taxes | 168 | €40,092 | €38,606 | -€1,486 | -3.7% |
| Amounts payable | 17/49 | €215,588 | €210,556 | -€5,032 | -2.3% |
| Amounts payable after more than one year | 17 | €173,513 | €154,891 | -€18,623 | -10.7% |
| Financial debts | 170/4 | €173,513 | €154,891 | -€18,623 | -10.7% |
| Amounts payable within one year | 42/48 | €41,550 | €55,141 | +€13,591 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €18,230 | €18,623 | +€392 | +2.2% |
| Trade debts | 44 | €1,799 | €1,337 | -€462 | -25.7% |
| Suppliers | 440/4 | €1,799 | €1,337 | -€462 | -25.7% |
| Taxes, remuneration and social security | 45 | €1,340 | - | -€1,340 | |
| Taxes | 450/3 | €1,340 | - | -€1,340 | |
| Other amounts payable | 47/48 | €20,181 | €35,181 | +€15,000 | +74.3% |
| Accrued charges and deferred income | 492/3 | €525 | €525 | = | 0.0% |
| Non-recurring operating income | 76A | €9,745 | - | -€9,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,282 | €29,031 | -€251 | -0.9% |
| Other operating charges | 640/8 | €7,842 | €7,480 | -€362 | -4.6% |
| Gross operating margin | 9900 | €35,155 | €9,022 | -€26,133 | -74.3% |
| Operating profit (loss) | 9901 | -€1,969 | -€27,489 | -€25,519 | -1,296% |
| Financial income | 75/76B | €5,715 | €6,145 | +€430 | +7.5% |
| Recurring financial income | 75 | €5,715 | €6,145 | +€430 | +7.5% |
| Financial charges | 65/66B | €4,414 | €4,081 | -€333 | -7.5% |
| Recurring financial charges | 65 | €4,414 | €4,081 | -€333 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€668 | -€25,424 | -€24,756 | -3,705% |
| Transfer from deferred taxes | 780 | €1,486 | €1,486 | = | 0.0% |
| Income taxes | 67/77 | €1,336 | -€3 | -€1,339 | |
| Profit (loss) for the period | 9904 | -€519 | -€23,936 | -€23,417 | -4,513% |
| Transfer from tax-exempt reserves | 789 | €5,939 | €5,939 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,420 | -€17,997 | -€23,417 |
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 18 October 2026 via checked.be.