HONESTINE: 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.
HONESTINE
Largest movements
- Cash +€42,484
up €42,484 (+214%), from €19,854 to €62,338
mainly Net result for the year (+€46,321) and Tax, wage and social debts (+€3,947)
- Receivables within one year +€8,696
up €8,696 (+46.3%), from €18,792 to €27,488
- Reserves +€45,321
up €45,321 (+37.7%), from €120,102 to €165,423
- Tax, wage and social debts +€3,947
up €3,947 (+62.2%), from €6,348 to €10,295
of which Taxes: +€3,827
- Other debts +€2,194
up €2,194 (+106%), from €2,069 to €4,262
- Gross operating margin +€17,589
up €17,589 (+35.3%), from €49,892 to €67,480
- Taxes +€4,587
up €4,587 (+32.2%), from €14,241 to €18,828
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 | €135,163 | €186,152 | +€50,989 | +37.7% |
| Fixed assets | 21/28 | €6,354 | €6,160 | -€194 | -3.1% |
| Tangible fixed assets | 22/27 | €6,354 | €6,160 | -€194 | -3.1% |
| Furniture and vehicles | 24 | €6,354 | €6,160 | -€194 | -3.1% |
| Current assets | 29/58 | €128,810 | €179,993 | +€51,183 | +39.7% |
| Amounts receivable within one year | 40/41 | €18,792 | €27,488 | +€8,696 | +46.3% |
| Trade receivables | 40 | €18,792 | €27,488 | +€8,696 | +46.3% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,854 | €62,338 | +€42,484 | +214% |
| Deferred charges and accrued income | 490/1 | €164 | €167 | +€4 | +2.1% |
| Total equity and liabilities | 10/49 | €135,163 | €186,152 | +€50,989 | +37.7% |
| Equity | 10/15 | €125,102 | €170,423 | +€45,321 | +36.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,102 | €165,423 | +€45,321 | +37.7% |
| Distributable reserves | 133 | €120,102 | €165,423 | +€45,321 | +37.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,061 | €15,729 | +€5,668 | +56.3% |
| Amounts payable within one year | 42/48 | €10,061 | €15,729 | +€5,668 | +56.3% |
| Trade debts | 44 | €1,644 | €1,171 | -€473 | -28.8% |
| Suppliers | 440/4 | €1,644 | €1,171 | -€473 | -28.8% |
| Taxes, remuneration and social security | 45 | €6,348 | €10,295 | +€3,947 | +62.2% |
| Taxes | 450/3 | €4,168 | €7,995 | +€3,827 | +91.8% |
| Remuneration and social security | 454/9 | €2,180 | €2,300 | +€120 | +5.5% |
| Other amounts payable | 47/48 | €2,069 | €4,262 | +€2,194 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €1,305 | +€344 | +35.8% |
| Other operating charges | 640/8 | €658 | €804 | +€146 | +22.2% |
| Gross operating margin | 9900 | €49,892 | €67,480 | +€17,589 | +35.3% |
| Operating profit (loss) | 9901 | €48,273 | €65,371 | +€17,098 | +35.4% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €345 | €237 | -€108 | -31.3% |
| Recurring financial charges | 65 | €345 | €237 | -€108 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €47,928 | €65,149 | +€17,221 | +35.9% |
| Income taxes | 67/77 | €14,241 | €18,828 | +€4,587 | +32.2% |
| Profit (loss) for the period | 9904 | €33,687 | €46,321 | +€12,634 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,687 | €46,321 | +€12,634 | +37.5% |
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.