HONINX - AERTS: 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.
HONINX - AERTS
Largest movements
- Tangible fixed assets +€57,524
up €57,524 (+33.6%), from €171,406 to €228,930
of which Leasing and similar rights: +€54,424
- Debts after one year +€40,040
up €40,040, from €0 to €40,040
- Other debts -€38,958
down €38,958 (-28.1%), from €138,835 to €99,877
- Reserves +€38,793
up €38,793 (+16.6%), from €234,392 to €273,185
of which Distributable reserves: +€38,793
- Current portion of long-term debt +€12,722
up €12,722 (+1264.1%), from €1,006 to €13,728
- Gross operating margin +€21,298
up €21,298 (+38.3%), from €55,646 to €76,944
- Depreciation +€14,610
up €14,610 (+437.0%), from €3,343 to €17,954
- Financial charges +€2,959
up €2,959, from -€1,900 to €1,059
- Taxes +€1,871
up €1,871 (+10.9%), from €17,137 to €19,008
- Financial income -€1,188
down €1,188 (-34.4%), from €3,455 to €2,267
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 | €393,209 | €446,064 | +€52,855 | +13.4% |
| Fixed assets | 21/28 | €171,406 | €228,930 | +€57,524 | +33.6% |
| Tangible fixed assets | 22/27 | €171,406 | €228,930 | +€57,524 | +33.6% |
| Land and buildings | 22 | €164,611 | €170,024 | +€5,412 | +3.3% |
| Plant, machinery and equipment | 23 | €2,479 | €1,979 | -€500 | -20.2% |
| Furniture and vehicles | 24 | €4,315 | €2,503 | -€1,812 | -42.0% |
| Leasing and similar rights | 25 | - | €54,424 | +€54,424 | |
| Current assets | 29/58 | €221,803 | €217,134 | -€4,669 | -2.1% |
| Amounts receivable within one year | 40/41 | €6,805 | €7,936 | +€1,131 | +16.6% |
| Other amounts receivable | 41 | €6,805 | €7,936 | +€1,131 | +16.6% |
| Current investments | 50/53 | €157,675 | €153,625 | -€4,051 | -2.6% |
| Cash at bank and in hand | 54/58 | €50,445 | €46,582 | -€3,864 | -7.7% |
| Deferred charges and accrued income | 490/1 | €6,877 | €8,991 | +€2,114 | +30.7% |
| Total equity and liabilities | 10/49 | €393,209 | €446,064 | +€52,855 | +13.4% |
| Equity | 10/15 | €246,792 | €285,585 | +€38,793 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,392 | €273,185 | +€38,793 | +16.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €232,533 | €271,325 | +€38,793 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €146,417 | €160,479 | +€14,063 | +9.6% |
| Amounts payable after more than one year | 17 | €0 | €40,040 | +€40,040 | |
| Financial debts | 170/4 | €0 | €40,040 | +€40,040 | |
| Amounts payable within one year | 42/48 | €146,417 | €120,410 | -€26,006 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €1,006 | €13,728 | +€12,722 | +1264.1% |
| Trade debts | 44 | €2,757 | €2,926 | +€169 | +6.1% |
| Suppliers | 440/4 | €2,757 | €2,926 | +€169 | +6.1% |
| Taxes, remuneration and social security | 45 | €3,818 | €3,879 | +€61 | +1.6% |
| Taxes | 450/3 | €3,818 | €3,879 | +€61 | +1.6% |
| Other amounts payable | 47/48 | €138,835 | €99,877 | -€38,958 | -28.1% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,343 | €17,954 | +€14,610 | +437.0% |
| Other operating charges | 640/8 | €2,337 | €1,910 | -€427 | -18.3% |
| Non-recurring operating charges | 66A | - | €488 | +€488 | |
| Gross operating margin | 9900 | €55,646 | €76,944 | +€21,298 | +38.3% |
| Operating profit (loss) | 9901 | €49,966 | €56,593 | +€6,627 | +13.3% |
| Financial income | 75/76B | €3,455 | €2,267 | -€1,188 | -34.4% |
| Recurring financial income | 75 | €3,455 | €2,267 | -€1,188 | -34.4% |
| Financial charges | 65/66B | -€1,900 | €1,059 | +€2,959 | |
| Recurring financial charges | 65 | -€1,900 | €1,059 | +€2,959 | |
| Profit (loss) for the period before taxes | 9903 | €55,320 | €57,801 | +€2,481 | +4.5% |
| Income taxes | 67/77 | €17,137 | €19,008 | +€1,871 | +10.9% |
| Profit (loss) for the period | 9904 | €38,183 | €38,793 | +€610 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,183 | €38,793 | +€610 | +1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.