HONK: 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.
HONK
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+18.0%), from €1.4m to €1.6m
- Cash +€120,230
up €120,230 (+39.7%), from €302,864 to €423,094
mainly Net result for the year (+€318,286) and Tax, wage and social debts (+€33,657)
- Profit (loss) carried forward +€318,286
up €318,286 (+14.9%), from €2.1m to €2.5m
- Tax, wage and social debts +€33,657
up €33,657 (+160%), from €21,060 to €54,718
- Gross operating margin -€765,073
down €765,073 (-55.4%), from €1.4m to €616,344
- Staff costs +€90,327
up €90,327 (+52.7%), from €171,362 to €261,689
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,177,396 | €2,540,595 | +€363,199 | +16.7% |
| Fixed assets | 21/28 | €1,870,813 | €2,107,126 | +€236,313 | +12.6% |
| Tangible fixed assets | 22/27 | €480,813 | €467,126 | -€13,687 | -2.8% |
| Land and buildings | 22 | €479,152 | €463,934 | -€15,218 | -3.2% |
| Plant, machinery and equipment | 23 | €1,661 | €3,192 | +€1,531 | +92.1% |
| Financial fixed assets | 28 | €1,390,000 | €1,640,000 | +€250,000 | +18.0% |
| Current assets | 29/58 | €306,583 | €433,469 | +€126,886 | +41.4% |
| Amounts receivable within one year | 40/41 | €2,011 | €9,610 | +€7,599 | +378% |
| Trade receivables | 40 | €1,711 | €9,310 | +€7,599 | +444% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €302,864 | €423,094 | +€120,230 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,707 | €764 | -€943 | -55.2% |
| Total equity and liabilities | 10/49 | €2,177,396 | €2,540,595 | +€363,199 | +16.7% |
| Equity | 10/15 | €2,137,569 | €2,455,855 | +€318,286 | +14.9% |
| Profit (loss) carried forward | 14 | €2,137,569 | €2,455,855 | +€318,286 | +14.9% |
| Amounts payable | 17/49 | €39,826 | €84,739 | +€44,913 | +113% |
| Amounts payable within one year | 42/48 | €38,826 | €83,739 | +€44,913 | +116% |
| Trade debts | 44 | €17,766 | €29,022 | +€11,256 | +63.4% |
| Suppliers | 440/4 | €17,766 | €29,022 | +€11,256 | +63.4% |
| Taxes, remuneration and social security | 45 | €21,060 | €54,718 | +€33,657 | +160% |
| Remuneration and social security | 454/9 | €21,060 | €54,718 | +€33,657 | +160% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €171,362 | €261,689 | +€90,327 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,999 | €16,849 | -€4,150 | -19.8% |
| Other operating charges | 640/8 | €15,875 | €15,851 | -€24 | -0.2% |
| Gross operating margin | 9900 | €1,381,417 | €616,344 | -€765,073 | -55.4% |
| Operating profit (loss) | 9901 | €1,173,180 | €321,955 | -€851,225 | -72.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -93.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -93.7% |
| Financial charges | 65/66B | €365 | €489 | +€124 | +34.0% |
| Recurring financial charges | 65 | €365 | €489 | +€124 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €1,172,818 | €321,466 | -€851,351 | -72.6% |
| Income taxes | 67/77 | €1,275 | €3,180 | +€1,905 | +149% |
| Profit (loss) for the period | 9904 | €1,171,543 | €318,286 | -€853,257 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,171,543 | €318,286 | -€853,257 | -72.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.