Honeyed Oak Technologies: 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.
Honeyed Oak Technologies
Largest movements
- Cash +€17,566
up €17,566 (+25.7%), from €68,441 to €86,007
mainly Net result for the year (+€19,959) and Depreciation (+€18,111)
- Receivables within one year -€13,776
down €13,776 (-50.6%), from €27,240 to €13,464
of which Other amounts receivable: -€9,284
- Tangible fixed assets -€12,548
down €12,548 (-22.4%), from €55,971 to €43,424
of which Furniture and vehicles: -€15,195
- Debts after one year -€10,017
down €10,017 (-32.8%), from €30,495 to €20,477
- Reserves +€5,662
up €5,662 (+6.5%), from €87,421 to €93,083
- Tax, wage and social debts -€4,060
down €4,060 (-54.9%), from €7,398 to €3,338
of which Remuneration and social security: -€2,810
- Gross operating margin +€21,637
up €21,637 (+74.6%), from €28,987 to €50,624
- Taxes +€6,742
up €6,742 (+334%), from €2,016 to €8,758
- Depreciation -€4,972
down €4,972 (-21.5%), from €23,083 to €18,111
- Financial charges -€1,195
down €1,195 (-29.5%), from €4,052 to €2,857
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 | €153,181 | €144,536 | -€8,645 | -5.6% |
| Fixed assets | 21/28 | €55,971 | €43,424 | -€12,548 | -22.4% |
| Tangible fixed assets | 22/27 | €55,971 | €43,424 | -€12,548 | -22.4% |
| Plant, machinery and equipment | 23 | €873 | €3,520 | +€2,647 | +303% |
| Furniture and vehicles | 24 | €55,098 | €39,903 | -€15,195 | -27.6% |
| Current assets | 29/58 | €97,210 | €101,113 | +€3,903 | +4.0% |
| Amounts receivable within one year | 40/41 | €27,240 | €13,464 | -€13,776 | -50.6% |
| Trade receivables | 40 | €15,590 | €11,098 | -€4,492 | -28.8% |
| Other amounts receivable | 41 | €11,651 | €2,366 | -€9,284 | -79.7% |
| Cash at bank and in hand | 54/58 | €68,441 | €86,007 | +€17,566 | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,642 | +€113 | +7.4% |
| Total equity and liabilities | 10/49 | €153,181 | €144,536 | -€8,645 | -5.6% |
| Equity | 10/15 | €94,314 | €100,583 | +€6,269 | +6.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €87,421 | €93,083 | +€5,662 | +6.5% |
| Distributable reserves | 133 | €87,421 | €93,083 | +€5,662 | +6.5% |
| Profit (loss) carried forward | 14 | -€608 | €0 | +€608 | |
| Amounts payable | 17/49 | €58,868 | €43,954 | -€14,914 | -25.3% |
| Amounts payable after more than one year | 17 | €30,495 | €20,477 | -€10,017 | -32.8% |
| Financial debts | 170/4 | €30,495 | €20,477 | -€10,017 | -32.8% |
| Amounts payable within one year | 42/48 | €27,064 | €22,278 | -€4,786 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €9,586 | €10,017 | +€431 | +4.5% |
| Financial debts | 43 | €1,667 | €1,706 | +€40 | +2.4% |
| Credit institutions | 430/8 | €1,667 | €1,706 | +€40 | +2.4% |
| Trade debts | 44 | €1,723 | €1,348 | -€375 | -21.7% |
| Suppliers | 440/4 | €1,723 | €1,348 | -€375 | -21.7% |
| Taxes, remuneration and social security | 45 | €7,398 | €3,338 | -€4,060 | -54.9% |
| Taxes | 450/3 | €4,587 | €3,338 | -€1,249 | -27.2% |
| Remuneration and social security | 454/9 | €2,810 | €0 | -€2,810 | -100% |
| Other amounts payable | 47/48 | €6,691 | €5,868 | -€823 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,309 | €1,198 | -€111 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,083 | €18,111 | -€4,972 | -21.5% |
| Other operating charges | 640/8 | €444 | €275 | -€169 | -38.0% |
| Non-recurring operating charges | 66A | - | €672 | +€672 | |
| Gross operating margin | 9900 | €28,987 | €50,624 | +€21,637 | +74.6% |
| Operating profit (loss) | 9901 | €5,460 | €31,566 | +€26,106 | +478% |
| Financial income | 75/76B | €0 | €7 | +€7 | +67,100% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +67,100% |
| Financial charges | 65/66B | €4,052 | €2,857 | -€1,195 | -29.5% |
| Recurring financial charges | 65 | €4,052 | €2,857 | -€1,195 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €1,409 | €28,717 | +€27,308 | +1,939% |
| Income taxes | 67/77 | €2,016 | €8,758 | +€6,742 | +334% |
| Profit (loss) for the period | 9904 | -€608 | €19,959 | +€20,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€608 | €19,959 | +€20,566 |
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 26 October 2026 via checked.be.