HONINX: 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.
HONINX
Largest movements
- Cash -€57,862
down €57,862 (-65.9%), from €87,846 to €29,984
mainly Net result for the year (-€47,052) and Trade debts (-€22,494)
- Stocks and contracts +€12,602
up €12,602 (+24.0%), from €52,560 to €65,162
- Receivables within one year +€10,439
up €10,439 (+13.8%), from €75,918 to €86,357
of which Trade receivables: +€22,183
- Financial fixed assets -€6,238
down €6,238 (-33.7%), from €18,492 to €12,254
- Profit (loss) carried forward -€47,052
down €47,052 (-169.6%), from -€27,750 to -€74,802
- Other debts +€36,145
up €36,145 (+43.2%), from €83,713 to €119,858
- Trade debts -€22,494
down €22,494 (-51.1%), from €44,037 to €21,543
- Tax, wage and social debts -€6,366
down €6,366 (-21.4%), from €29,698 to €23,332
of which Taxes: -€7,062
- Accrued charges and deferred income -€4,026
no longer reported in 2025 (was €4,026)
- Gross operating margin -€29,849
down €29,849 (-70.1%), from €42,596 to €12,746
- Financial charges -€10,677
down €10,677 (-75.5%), from €14,137 to €3,460
- Staff costs -€1,346
down €1,346 (-2.5%), from €53,931 to €52,585
- Financial income -€581
down €581 (-99.8%), from €582 to €1
- Depreciation -€500
down €500 (-28.8%), from €1,732 to €1,232
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.
Cash bridge derived
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 | €241,414 | €197,621 | -€43,793 | -18.1% |
| Fixed assets | 21/28 | €20,373 | €12,903 | -€7,470 | -36.7% |
| Tangible fixed assets | 22/27 | €1,881 | €649 | -€1,232 | -65.5% |
| Plant, machinery and equipment | 23 | €1,100 | €440 | -€660 | -60.0% |
| Furniture and vehicles | 24 | €781 | €209 | -€573 | -73.3% |
| Financial fixed assets | 28 | €18,492 | €12,254 | -€6,238 | -33.7% |
| Current assets | 29/58 | €221,040 | €184,718 | -€36,322 | -16.4% |
| Stocks and contracts in progress | 3 | €52,560 | €65,162 | +€12,602 | +24.0% |
| Stocks | 30/36 | €52,560 | €65,162 | +€12,602 | +24.0% |
| Amounts receivable within one year | 40/41 | €75,918 | €86,357 | +€10,439 | +13.8% |
| Trade receivables | 40 | €64,174 | €86,357 | +€22,183 | +34.6% |
| Other amounts receivable | 41 | €11,744 | - | -€11,744 | |
| Cash at bank and in hand | 54/58 | €87,846 | €29,984 | -€57,862 | -65.9% |
| Deferred charges and accrued income | 490/1 | €4,716 | €3,215 | -€1,501 | -31.8% |
| Total equity and liabilities | 10/49 | €241,414 | €197,621 | -€43,793 | -18.1% |
| Equity | 10/15 | €79,940 | €32,887 | -€47,052 | -58.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €87,230 | €87,230 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,230 | €18,230 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,750 | -€74,802 | -€47,052 | -169.6% |
| Amounts payable | 17/49 | €161,474 | €164,733 | +€3,259 | +2.0% |
| Amounts payable within one year | 42/48 | €157,448 | €164,733 | +€7,285 | +4.6% |
| Trade debts | 44 | €44,037 | €21,543 | -€22,494 | -51.1% |
| Suppliers | 440/4 | €44,037 | €21,543 | -€22,494 | -51.1% |
| Taxes, remuneration and social security | 45 | €29,698 | €23,332 | -€6,366 | -21.4% |
| Taxes | 450/3 | €20,797 | €13,735 | -€7,062 | -34.0% |
| Remuneration and social security | 454/9 | €8,902 | €9,597 | +€696 | +7.8% |
| Other amounts payable | 47/48 | €83,713 | €119,858 | +€36,145 | +43.2% |
| Accrued charges and deferred income | 492/3 | €4,026 | - | -€4,026 | |
| Non-recurring operating income | 76A | - | €1,175 | +€1,175 | |
| Remuneration, social security and pensions | 62 | €53,931 | €52,585 | -€1,346 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,732 | €1,232 | -€500 | -28.8% |
| Other operating charges | 640/8 | €951 | €691 | -€260 | -27.3% |
| Non-recurring operating charges | 66A | - | €1,670 | +€1,670 | |
| Gross operating margin | 9900 | €42,596 | €12,746 | -€29,849 | -70.1% |
| Operating profit (loss) | 9901 | -€14,018 | -€43,431 | -€29,413 | -209.8% |
| Financial income | 75/76B | €582 | €1 | -€581 | -99.8% |
| Recurring financial income | 75 | €582 | €1 | -€581 | -99.8% |
| Financial charges | 65/66B | €14,137 | €3,460 | -€10,677 | -75.5% |
| Recurring financial charges | 65 | €14,137 | €3,460 | -€10,677 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,573 | -€46,890 | -€19,317 | -70.1% |
| Income taxes | 67/77 | €177 | €162 | -€15 | -8.2% |
| Profit (loss) for the period | 9904 | -€27,750 | -€47,052 | -€19,302 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,750 | -€47,052 | -€19,302 | -69.6% |
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 11 October 2026 via checked.be.