Hon.k: what changed
Two fiscal 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.
Hon.k
Largest movements
- Cash -€47,239
down €47,239 (-80.1%), from €58,960 to €11,721
mainly Net result for the year (-€37,835) and Debts after one year (-€11,703)
- Tangible fixed assets -€8,102
down €8,102 (-15.7%), from €51,770 to €43,667
- Deferred charges and accrued income +€1,925
up €1,925 (+87.5%), from €2,202 to €4,127
- Reserves -€37,835
down €37,835 (-49.4%), from €76,574 to €38,738
- Debts after one year -€11,703
down €11,703 (-31.3%), from €37,365 to €25,662
- Tax, wage and social debts -€11,429
down €11,429 (-75.2%), from €15,195 to €3,767
- Trade debts +€8,751
up €8,751 (+187.9%), from €4,657 to €13,409
- Gross operating margin -€133,250
down €133,250, from €108,942 to -€24,308
- Taxes -€15,145
down €15,145 (-99.7%), from €15,195 to €50
- Financial charges -€12,663
down €12,663 (-82.5%), from €15,358 to €2,695
- Depreciation +€5,435
up €5,435 (+85.6%), from €6,349 to €11,785
- Financial income +€1,982
up €1,982 (+1288.2%), from €154 to €2,136
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.
Cash bridge derived
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 | €179,228 | €127,299 | -€51,929 | -29.0% |
| Fixed assets | 21/28 | €51,770 | €43,667 | -€8,102 | -15.7% |
| Tangible fixed assets | 22/27 | €51,770 | €43,667 | -€8,102 | -15.7% |
| Furniture and vehicles | 24 | €51,770 | €43,667 | -€8,102 | -15.7% |
| Current assets | 29/58 | €127,458 | €83,632 | -€43,826 | -34.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €66,297 | €67,784 | +€1,487 | +2.2% |
| Trade receivables | 40 | €33,291 | €32,321 | -€970 | -2.9% |
| Other amounts receivable | 41 | €33,006 | €35,463 | +€2,457 | +7.4% |
| Cash at bank and in hand | 54/58 | €58,960 | €11,721 | -€47,239 | -80.1% |
| Deferred charges and accrued income | 490/1 | €2,202 | €4,127 | +€1,925 | +87.5% |
| Total equity and liabilities | 10/49 | €179,228 | €127,299 | -€51,929 | -29.0% |
| Equity | 10/15 | €76,594 | €38,758 | -€37,835 | -49.4% |
| Contributions | 10/11 | €20 | €20 | = | 0.0% |
| Reserves | 13 | €76,574 | €38,738 | -€37,835 | -49.4% |
| Distributable reserves | 133 | €76,574 | €38,738 | -€37,835 | -49.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €102,634 | €88,541 | -€14,094 | -13.7% |
| Amounts payable after more than one year | 17 | €37,365 | €25,662 | -€11,703 | -31.3% |
| Financial debts | 170/4 | €37,365 | €25,662 | -€11,703 | -31.3% |
| Amounts payable within one year | 42/48 | €64,999 | €62,879 | -€2,120 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €11,146 | €11,703 | +€557 | +5.0% |
| Trade debts | 44 | €4,657 | €13,409 | +€8,751 | +187.9% |
| Suppliers | 440/4 | €4,657 | €13,409 | +€8,751 | +187.9% |
| Taxes, remuneration and social security | 45 | €15,195 | €3,767 | -€11,429 | -75.2% |
| Taxes | 450/3 | €15,195 | €3,767 | -€11,429 | -75.2% |
| Other amounts payable | 47/48 | €34,000 | €34,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €270 | €0 | -€270 | -100.0% |
| Non-recurring operating income | 76A | €1,558 | €0 | -€1,558 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €325 | +€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,349 | €11,785 | +€5,435 | +85.6% |
| Other operating charges | 640/8 | €1,284 | €808 | -€476 | -37.0% |
| Gross operating margin | 9900 | €108,942 | -€24,308 | -€133,250 | |
| Operating profit (loss) | 9901 | €101,309 | -€37,226 | -€138,535 | |
| Financial income | 75/76B | €154 | €2,136 | +€1,982 | +1288.2% |
| Recurring financial income | 75 | €154 | €2,136 | +€1,982 | +1288.2% |
| Financial charges | 65/66B | €15,358 | €2,695 | -€12,663 | -82.5% |
| Recurring financial charges | 65 | €15,358 | €2,695 | -€12,663 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €86,105 | -€37,785 | -€123,890 | |
| Income taxes | 67/77 | €15,195 | €50 | -€15,145 | -99.7% |
| Profit (loss) for the period | 9904 | €70,910 | -€37,835 | -€108,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,910 | -€37,835 | -€108,745 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.