HONEST BY: 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.
HONEST BY
Largest movements
- Tangible fixed assets -€154,145
down €154,145 (-8.4%), from €1.8m to €1.7m
- Other debts -€80,855
down €80,855 (-62.2%), from €129,922 to €49,067
- Revaluation surpluses -€60,000
down €60,000 (-8.5%), from €710,000 to €650,000
- Reserves +€60,000
up €60,000 (+10.8%), from €554,352 to €614,352
of which Distributable reserves: +€60,000
- Profit (loss) carried forward -€54,279
down €54,279 (-1.7%), from -€3.3m to -€3.3m
- Gross operating margin +€10,588
up €10,588 (+10.5%), from €100,682 to €111,270
- Depreciation +€2,430
up €2,430 (+1.6%), from €151,715 to €154,145
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 | €2,040,132 | €1,905,615 | -€134,518 | -6.6% |
| Fixed assets | 21/28 | €1,843,175 | €1,689,030 | -€154,145 | -8.4% |
| Tangible fixed assets | 22/27 | €1,841,603 | €1,687,458 | -€154,145 | -8.4% |
| Land and buildings | 22 | €1,841,603 | €1,687,458 | -€154,145 | -8.4% |
| Financial fixed assets | 28 | €1,572 | €1,572 | = | 0.0% |
| Current assets | 29/58 | €196,957 | €216,584 | +€19,627 | +10.0% |
| Stocks and contracts in progress | 3 | €188,764 | €188,764 | = | 0.0% |
| Stocks | 30/36 | €188,764 | €188,764 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64 | €208 | +€144 | +224% |
| Trade receivables | 40 | €64 | €208 | +€144 | +224% |
| Cash at bank and in hand | 54/58 | €8,128 | €27,612 | +€19,484 | +240% |
| Total equity and liabilities | 10/49 | €2,040,132 | €1,905,615 | -€134,518 | -6.6% |
| Equity | 10/15 | €385,162 | €330,883 | -€54,279 | -14.1% |
| Contributions | 10/11 | €2,410,000 | €2,410,000 | = | 0.0% |
| Revaluation surpluses | 12 | €710,000 | €650,000 | -€60,000 | -8.5% |
| Reserves | 13 | €554,352 | €614,352 | +€60,000 | +10.8% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Other | 1319 | €1,239 | €1,239 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,113 | €13,113 | = | 0.0% |
| Distributable reserves | 133 | €540,000 | €600,000 | +€60,000 | +11.1% |
| Profit (loss) carried forward | 14 | -€3,289,190 | -€3,343,470 | -€54,279 | -1.7% |
| Amounts payable | 17/49 | €1,654,970 | €1,574,732 | -€80,238 | -4.8% |
| Amounts payable after more than one year | 17 | €1,521,868 | €1,521,868 | = | 0.0% |
| Other amounts payable | 178/9 | €1,521,868 | €1,521,868 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,433 | €50,195 | -€80,238 | -61.5% |
| Trade debts | 44 | €414 | - | -€414 | |
| Suppliers | 440/4 | €414 | - | -€414 | |
| Taxes, remuneration and social security | 45 | €96 | €1,128 | +€1,031 | +1,069% |
| Taxes | 450/3 | €96 | €1,128 | +€1,031 | +1,069% |
| Other amounts payable | 47/48 | €129,922 | €49,067 | -€80,855 | -62.2% |
| Accrued charges and deferred income | 492/3 | €2,670 | €2,670 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,715 | €154,145 | +€2,430 | +1.6% |
| Other operating charges | 640/8 | €10,742 | €11,151 | +€409 | +3.8% |
| Gross operating margin | 9900 | €100,682 | €111,270 | +€10,588 | +10.5% |
| Operating profit (loss) | 9901 | -€61,775 | -€54,027 | +€7,748 | +12.5% |
| Financial charges | 65/66B | €242 | €253 | +€10 | +4.3% |
| Recurring financial charges | 65 | €242 | €253 | +€10 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,017 | -€54,279 | +€7,738 | +12.5% |
| Profit (loss) for the period | 9904 | -€62,017 | -€54,279 | +€7,738 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,017 | -€54,279 | +€7,738 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.