HONEYPATCH: what changed
Two fiscal 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.
HONEYPATCH
Largest movements
- Intangible fixed assets -€41,448
down €41,448 (-19.5%), from €212,195 to €170,747
- Receivables within one year -€36,616
down €36,616 (-70.9%), from €51,611 to €14,995
of which Trade receivables: -€30,364
- Stocks and contracts -€13,116
down €13,116 (-11.0%), from €118,791 to €105,675
- Tangible fixed assets -€5,517
down €5,517 (-36.0%), from €15,310 to €9,793
of which Furniture and vehicles: -€5,380
- Profit (loss) carried forward -€144,190
down €144,190 (-32.5%), from -€444,326 to -€588,517
- Other debts +€70,619
up €70,619 (+87.1%), from €81,054 to €151,672
- Debts after one year -€29,185
down €29,185 (-5.1%), from €575,000 to €545,815
- Short-term financial debts +€6,965
up €6,965 (+297.8%), from €2,339 to €9,304
- Gross operating margin -€118,462
down €118,462, from €113,346 to -€5,116
- Staff costs -€18,207
down €18,207 (-23.0%), from €79,067 to €60,859
- Financial charges +€5,072
up €5,072 (+32.3%), from €15,701 to €20,773
- Other operating charges +€1,248
new in 2024: €1,248
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,128 | €330,409 | -€99,719 | -23.2% |
| Fixed assets | 21/28 | €230,116 | €183,151 | -€46,966 | -20.4% |
| Intangible fixed assets | 21 | €212,195 | €170,747 | -€41,448 | -19.5% |
| Tangible fixed assets | 22/27 | €15,310 | €9,793 | -€5,517 | -36.0% |
| Plant, machinery and equipment | 23 | €137 | - | -€137 | |
| Furniture and vehicles | 24 | €15,173 | €9,793 | -€5,380 | -35.5% |
| Financial fixed assets | 28 | €2,611 | €2,611 | = | 0.0% |
| Current assets | 29/58 | €200,011 | €147,258 | -€52,753 | -26.4% |
| Stocks and contracts in progress | 3 | €118,791 | €105,675 | -€13,116 | -11.0% |
| Stocks | 30/36 | €118,791 | €105,675 | -€13,116 | -11.0% |
| Amounts receivable within one year | 40/41 | €51,611 | €14,995 | -€36,616 | -70.9% |
| Trade receivables | 40 | €45,360 | €14,995 | -€30,364 | -66.9% |
| Other amounts receivable | 41 | €6,252 | - | -€6,252 | |
| Cash at bank and in hand | 54/58 | €16,330 | €13,309 | -€3,021 | -18.5% |
| Deferred charges and accrued income | 490/1 | €13,279 | €13,279 | = | 0.0% |
| Total equity and liabilities | 10/49 | €430,128 | €330,409 | -€99,719 | -23.2% |
| Equity | 10/15 | -€243,926 | -€388,117 | -€144,190 | -59.1% |
| Contributions | 10/11 | €200,400 | €200,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€444,326 | -€588,517 | -€144,190 | -32.5% |
| Amounts payable | 17/49 | €674,054 | €718,526 | +€44,472 | +6.6% |
| Amounts payable after more than one year | 17 | €575,000 | €545,815 | -€29,185 | -5.1% |
| Financial debts | 170/4 | €575,000 | €545,815 | -€29,185 | -5.1% |
| Amounts payable within one year | 42/48 | €99,054 | €172,710 | +€73,656 | +74.4% |
| Financial debts | 43 | €2,339 | €9,304 | +€6,965 | +297.8% |
| Credit institutions | 430/8 | €2,339 | €9,304 | +€6,965 | +297.8% |
| Trade debts | 44 | €4,927 | €3,667 | -€1,260 | -25.6% |
| Suppliers | 440/4 | €4,927 | €3,667 | -€1,260 | -25.6% |
| Taxes, remuneration and social security | 45 | €10,734 | €8,067 | -€2,667 | -24.8% |
| Taxes | 450/3 | €4,578 | €1,718 | -€2,860 | -62.5% |
| Remuneration and social security | 454/9 | €6,156 | €6,349 | +€193 | +3.1% |
| Other amounts payable | 47/48 | €81,054 | €151,672 | +€70,619 | +87.1% |
| Non-recurring operating income | 76A | - | €461 | +€461 | |
| Remuneration, social security and pensions | 62 | €79,067 | €60,859 | -€18,207 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,505 | €50,636 | +€132 | +0.3% |
| Other operating charges | 640/8 | - | €1,248 | +€1,248 | |
| Non-recurring operating charges | 66A | €7,002 | €5,558 | -€1,444 | -20.6% |
| Gross operating margin | 9900 | €113,346 | -€5,116 | -€118,462 | |
| Operating profit (loss) | 9901 | -€23,227 | -€123,418 | -€100,191 | -431.4% |
| Financial charges | 65/66B | €15,701 | €20,773 | +€5,072 | +32.3% |
| Recurring financial charges | 65 | €15,701 | €20,773 | +€5,072 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,928 | -€144,190 | -€105,263 | -270.4% |
| Income taxes | 67/77 | -€751 | - | +€751 | |
| Profit (loss) for the period | 9904 | -€38,177 | -€144,190 | -€106,014 | -277.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,177 | -€144,190 | -€106,014 | -277.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.