HON YON: 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 YON
Largest movements
- Receivables within one year +€11,952
up €11,952 (+17.0%), from €70,282 to €82,234
- Cash +€9,147
up €9,147 (+31.4%), from €29,132 to €38,279
mainly Net result for the year (+€17,883) and Trade debts (+€6,738)
- Tangible fixed assets -€2,715
down €2,715 (-8.6%), from €31,404 to €28,689
- Reserves +€17,800
up €17,800 (+38.8%), from €45,843 to €63,643
of which Distributable reserves: +€17,800
- Trade debts +€6,738
up €6,738 (+97.8%), from €6,891 to €13,629
- Debts after one year -€5,403
no longer reported in 2025 (was €5,403)
- Tax, wage and social debts -€2,318
down €2,318 (-14.8%), from €15,681 to €13,364
of which Taxes: -€4,459
- Gross operating margin +€6,384
up €6,384 (+12.9%), from €49,467 to €55,852
- Staff costs +€2,617
up €2,617 (+15.4%), from €17,005 to €19,622
- Depreciation -€932
down €932 (-18.3%), from €5,092 to €4,160
- Taxes +€792
up €792 (+11.2%), from €7,050 to €7,842
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 | €135,023 | €153,129 | +€18,106 | +13.4% |
| Fixed assets | 21/28 | €31,478 | €28,764 | -€2,715 | -8.6% |
| Tangible fixed assets | 22/27 | €31,404 | €28,689 | -€2,715 | -8.6% |
| Land and buildings | 22 | €4,827 | €4,050 | -€777 | -16.1% |
| Plant, machinery and equipment | 23 | €21,677 | €20,864 | -€813 | -3.8% |
| Furniture and vehicles | 24 | €4,900 | €3,775 | -€1,125 | -22.9% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €103,545 | €124,365 | +€20,821 | +20.1% |
| Stocks and contracts in progress | 3 | €1,292 | €1,272 | -€20 | -1.5% |
| Stocks | 30/36 | €1,292 | €1,272 | -€20 | -1.5% |
| Amounts receivable within one year | 40/41 | €70,282 | €82,234 | +€11,952 | +17.0% |
| Other amounts receivable | 41 | €70,282 | €82,234 | +€11,952 | +17.0% |
| Cash at bank and in hand | 54/58 | €29,132 | €38,279 | +€9,147 | +31.4% |
| Deferred charges and accrued income | 490/1 | €2,839 | €2,580 | -€258 | -9.1% |
| Total equity and liabilities | 10/49 | €135,023 | €153,129 | +€18,106 | +13.4% |
| Equity | 10/15 | €101,401 | €119,284 | +€17,883 | +17.6% |
| Contributions | 10/11 | €45,860 | €45,860 | = | 0.0% |
| Reserves | 13 | €45,843 | €63,643 | +€17,800 | +38.8% |
| Tax-exempt reserves | 132 | €538 | €538 | = | 0.0% |
| Distributable reserves | 133 | €45,305 | €63,105 | +€17,800 | +39.3% |
| Profit (loss) carried forward | 14 | €9,697 | €9,780 | +€83 | +0.9% |
| Amounts payable | 17/49 | €33,622 | €33,845 | +€223 | +0.7% |
| Amounts payable after more than one year | 17 | €5,403 | - | -€5,403 | |
| Financial debts | 170/4 | €5,403 | - | -€5,403 | |
| Amounts payable within one year | 42/48 | €28,219 | €33,845 | +€5,626 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €5,647 | €5,403 | -€244 | -4.3% |
| Financial debts | 43 | - | €1,449 | +€1,449 | |
| Credit institutions | 430/8 | - | €1,449 | +€1,449 | |
| Trade debts | 44 | €6,891 | €13,629 | +€6,738 | +97.8% |
| Suppliers | 440/4 | €6,891 | €13,629 | +€6,738 | +97.8% |
| Taxes, remuneration and social security | 45 | €15,681 | €13,364 | -€2,318 | -14.8% |
| Taxes | 450/3 | €14,855 | €10,396 | -€4,459 | -30.0% |
| Remuneration and social security | 454/9 | €826 | €2,967 | +€2,141 | +259.1% |
| Non-recurring operating income | 76A | €19,421 | - | -€19,421 | |
| Remuneration, social security and pensions | 62 | €17,005 | €19,622 | +€2,617 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,092 | €4,160 | -€932 | -18.3% |
| Other operating charges | 640/8 | €3,569 | €4,072 | +€503 | +14.1% |
| Gross operating margin | 9900 | €49,467 | €55,852 | +€6,384 | +12.9% |
| Operating profit (loss) | 9901 | €23,801 | €27,998 | +€4,197 | +17.6% |
| Financial income | 75/76B | €2,004 | €2,209 | +€205 | +10.2% |
| Recurring financial income | 75 | €2,004 | €2,209 | +€205 | +10.2% |
| Financial charges | 65/66B | €4,134 | €4,481 | +€348 | +8.4% |
| Recurring financial charges | 65 | €4,134 | €4,481 | +€348 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €21,672 | €25,725 | +€4,054 | +18.7% |
| Income taxes | 67/77 | €7,050 | €7,842 | +€792 | +11.2% |
| Profit (loss) for the period | 9904 | €14,622 | €17,883 | +€3,261 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,622 | €17,883 | +€3,261 | +22.3% |
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.