Honest&Good: 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&Good
Largest movements
- Intangible fixed assets +€11,264
new in 2025: €11,264
- Cash +€5,672
new in 2025: €5,672
mainly Other debts (+€18,627) and Net result for the year (+€4,767)
- Tangible fixed assets +€898
up €898, from €0 to €898
- Other debts +€18,627
up €18,627 (+175%), from €10,636 to €29,263
- Debts after one year -€6,302
no longer reported in 2025 (was €6,302)
- Profit (loss) carried forward +€4,752
up €4,752 (+21.2%), from -€22,436 to -€17,684
- Trade debts +€1,041
up €1,041 (+83.5%), from €1,248 to €2,289
- Tax, wage and social debts -€285
down €285 (-22.8%), from €1,250 to €965
- Gross operating margin +€5,987
up €5,987, from -€355 to €5,632
- Other operating charges -€2,000
no longer reported in 2025 (was €2,000)
- Financial charges -€237
down €237 (-89.7%), from €264 to €27
- Depreciation +€168
up €168 (+25.1%), from €670 to €839
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 | €0 | €17,833 | +€17,833 | |
| Fixed assets | 21/28 | €0 | €12,161 | +€12,161 | |
| Intangible fixed assets | 21 | - | €11,264 | +€11,264 | |
| Tangible fixed assets | 22/27 | €0 | €898 | +€898 | |
| Furniture and vehicles | 24 | €0 | €898 | +€898 | |
| Current assets | 29/58 | - | €5,672 | +€5,672 | |
| Cash at bank and in hand | 54/58 | - | €5,672 | +€5,672 | |
| Total equity and liabilities | 10/49 | €0 | €17,833 | +€17,833 | |
| Equity | 10/15 | -€19,436 | -€14,684 | +€4,752 | +24.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,436 | -€17,684 | +€4,752 | +21.2% |
| Amounts payable | 17/49 | €19,436 | €32,517 | +€13,081 | +67.3% |
| Amounts payable after more than one year | 17 | €6,302 | - | -€6,302 | |
| Financial debts | 170/4 | €6,302 | - | -€6,302 | |
| Amounts payable within one year | 42/48 | €13,133 | €32,517 | +€19,384 | +148% |
| Trade debts | 44 | €1,248 | €2,289 | +€1,041 | +83.5% |
| Suppliers | 440/4 | €1,248 | €2,289 | +€1,041 | +83.5% |
| Taxes, remuneration and social security | 45 | €1,250 | €965 | -€285 | -22.8% |
| Taxes | 450/3 | €1,250 | €965 | -€285 | -22.8% |
| Other amounts payable | 47/48 | €10,636 | €29,263 | +€18,627 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €839 | +€168 | +25.1% |
| Other operating charges | 640/8 | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | -€355 | €5,632 | +€5,987 | |
| Operating profit (loss) | 9901 | -€3,025 | €4,794 | +€7,819 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €264 | €27 | -€237 | -89.7% |
| Recurring financial charges | 65 | €264 | €27 | -€237 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,290 | €4,767 | +€8,056 | |
| Profit (loss) for the period | 9904 | -€3,290 | €4,767 | +€8,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,290 | €4,767 | +€8,056 |
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 20 October 2026 via checked.be.