HONESTI: 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.
HONESTI
Largest movements
- Cash +€9,348
up €9,348 (+21.2%), from €44,024 to €53,372
mainly Net result for the year (+€15,348) and Tax, wage and social debts (+€6,305)
- Receivables within one year -€5,742
down €5,742 (-56.0%), from €10,247 to €4,505
of which Other amounts receivable: -€5,742
- Tangible fixed assets -€2,388
down €2,388 (-36.1%), from €6,606 to €4,218
- Tax, wage and social debts +€6,305
up €6,305 (+52.5%), from €12,010 to €18,315
- Current portion of long-term debt -€5,295
no longer reported in 2025 (was €5,295)
- Reserves -€3,258
down €3,258 (-4.2%), from €77,911 to €74,653
- Other debts +€1,868
up €1,868 (+8.3%), from €22,513 to €24,381
- Trade debts +€1,739
up €1,739 (+129%), from €1,346 to €3,086
- Gross operating margin -€17,789
down €17,789 (-37.3%), from €47,644 to €29,855
- Taxes -€5,381
down €5,381 (-36.8%), from €14,604 to €9,222
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 | €125,678 | €126,996 | +€1,318 | +1.0% |
| Fixed assets | 21/28 | €71,106 | €68,718 | -€2,388 | -3.4% |
| Tangible fixed assets | 22/27 | €6,606 | €4,218 | -€2,388 | -36.1% |
| Furniture and vehicles | 24 | €6,606 | €4,218 | -€2,388 | -36.1% |
| Financial fixed assets | 28 | €64,500 | €64,500 | = | 0.0% |
| Current assets | 29/58 | €54,571 | €58,278 | +€3,706 | +6.8% |
| Amounts receivable within one year | 40/41 | €10,247 | €4,505 | -€5,742 | -56.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €10,247 | €4,505 | -€5,742 | -56.0% |
| Cash at bank and in hand | 54/58 | €44,024 | €53,372 | +€9,348 | +21.2% |
| Deferred charges and accrued income | 490/1 | €301 | €401 | +€100 | +33.3% |
| Total equity and liabilities | 10/49 | €125,678 | €126,996 | +€1,318 | +1.0% |
| Equity | 10/15 | €84,111 | €80,853 | -€3,258 | -3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,911 | €74,653 | -€3,258 | -4.2% |
| Distributable reserves | 133 | €77,911 | €74,653 | -€3,258 | -4.2% |
| Amounts payable | 17/49 | €41,567 | €46,143 | +€4,576 | +11.0% |
| Amounts payable within one year | 42/48 | €41,165 | €45,782 | +€4,617 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €5,295 | - | -€5,295 | |
| Trade debts | 44 | €1,346 | €3,086 | +€1,739 | +129% |
| Suppliers | 440/4 | €1,346 | €3,086 | +€1,739 | +129% |
| Taxes, remuneration and social security | 45 | €12,010 | €18,315 | +€6,305 | +52.5% |
| Taxes | 450/3 | €12,010 | €18,315 | +€6,305 | +52.5% |
| Other amounts payable | 47/48 | €22,513 | €24,381 | +€1,868 | +8.3% |
| Accrued charges and deferred income | 492/3 | €402 | €361 | -€41 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,803 | €3,888 | +€85 | +2.2% |
| Other operating charges | 640/8 | €932 | €849 | -€83 | -8.9% |
| Gross operating margin | 9900 | €47,644 | €29,855 | -€17,789 | -37.3% |
| Operating profit (loss) | 9901 | €42,909 | €25,118 | -€17,792 | -41.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +525% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +525% |
| Financial charges | 65/66B | €810 | €548 | -€262 | -32.4% |
| Recurring financial charges | 65 | €810 | €548 | -€262 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €42,099 | €24,571 | -€17,528 | -41.6% |
| Income taxes | 67/77 | €14,604 | €9,222 | -€5,381 | -36.8% |
| Profit (loss) for the period | 9904 | €27,496 | €15,348 | -€12,147 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,496 | €15,348 | -€12,147 | -44.2% |
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 15 October 2026 via checked.be.