HÖNDERS & PARTNER: 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.
HÖNDERS & PARTNER
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+109.1%), from €2.0m to €4.2m
- Cash -€121,158
down €121,158 (-71.3%), from €169,995 to €48,837
mainly Stocks and contracts (-€2.2m) and Net result for the year (-€11,226)
- Short-term financial debts +€1.9m
up €1.9m (+239.4%), from €805,000 to €2.7m
- Debts after one year +€99,504
up €99,504 (+7.3%), from €1.4m to €1.5m
- Trade debts +€58,786
up €58,786 (+573.7%), from €10,248 to €69,033
- Gross operating margin -€11,803
down €11,803 (-94.8%), from €12,444 to €642
- Financial charges +€2,994
up €2,994 (+59.9%), from €4,998 to €7,992
- Other operating charges +€2,855
up €2,855 (+165.1%), from €1,730 to €4,584
- Taxes -€1,429
no longer reported in 2025 (was €1,429)
- Financial income +€708
new in 2025: €708
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 | €2,216,378 | €4,293,167 | +€2.1m | +93.7% |
| Current assets | 29/58 | €2,216,378 | €4,293,167 | +€2.1m | +93.7% |
| Stocks and contracts in progress | 3 | €2,024,838 | €4,233,570 | +€2.2m | +109.1% |
| Stocks | 30/36 | €2,024,838 | €4,233,570 | +€2.2m | +109.1% |
| Amounts receivable within one year | 40/41 | €20,704 | €9,620 | -€11,084 | -53.5% |
| Trade receivables | 40 | €0 | €4,132 | +€4,132 | |
| Other amounts receivable | 41 | €20,704 | €5,488 | -€15,216 | -73.5% |
| Cash at bank and in hand | 54/58 | €169,995 | €48,837 | -€121,158 | -71.3% |
| Deferred charges and accrued income | 490/1 | €841 | €1,140 | +€299 | +35.5% |
| Total equity and liabilities | 10/49 | €2,216,378 | €4,293,167 | +€2.1m | +93.7% |
| Equity | 10/15 | €29,685 | €18,459 | -€11,226 | -37.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,685 | -€1,541 | -€11,226 | |
| Amounts payable | 17/49 | €2,186,693 | €4,274,708 | +€2.1m | +95.5% |
| Amounts payable after more than one year | 17 | €1,370,000 | €1,469,504 | +€99,504 | +7.3% |
| Other amounts payable | 178/9 | €1,370,000 | €1,469,504 | +€99,504 | +7.3% |
| Amounts payable within one year | 42/48 | €816,693 | €2,805,063 | +€2.0m | +243.5% |
| Financial debts | 43 | €805,000 | €2,731,838 | +€1.9m | +239.4% |
| Credit institutions | 430/8 | €805,000 | €2,731,838 | +€1.9m | +239.4% |
| Trade debts | 44 | €10,248 | €69,033 | +€58,786 | +573.7% |
| Suppliers | 440/4 | €10,248 | €69,033 | +€58,786 | +573.7% |
| Advances received on contracts in progress | 46 | - | €4,132 | +€4,132 | |
| Taxes, remuneration and social security | 45 | €1,445 | €0 | -€1,445 | -100.0% |
| Taxes | 450/3 | €1,445 | €0 | -€1,445 | -100.0% |
| Other amounts payable | 47/48 | €0 | €60 | +€60 | |
| Accrued charges and deferred income | 492/3 | €0 | €142 | +€142 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Other operating charges | 640/8 | €1,730 | €4,584 | +€2,855 | +165.1% |
| Gross operating margin | 9900 | €12,444 | €642 | -€11,803 | -94.8% |
| Operating profit (loss) | 9901 | €10,715 | -€3,942 | -€14,657 | |
| Financial income | 75/76B | - | €708 | +€708 | |
| Recurring financial income | 75 | - | €708 | +€708 | |
| Financial charges | 65/66B | €4,998 | €7,992 | +€2,994 | +59.9% |
| Recurring financial charges | 65 | €4,998 | €7,992 | +€2,994 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €5,717 | -€11,226 | -€16,943 | |
| Income taxes | 67/77 | €1,429 | - | -€1,429 | |
| Profit (loss) for the period | 9904 | €4,288 | -€11,226 | -€15,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,288 | -€11,226 | -€15,514 |
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 12 October 2026 via checked.be.