Hônk-Vast: 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.
Hônk-Vast
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+87.1%), from €1.9m to €3.6m
- Tangible fixed assets -€399,416
down €399,416 (-60.8%), from €657,003 to €257,587
of which Land and buildings: -€397,198
- Deferred charges and accrued income +€138,000
up €138,000, from €0 to €138,000
- Receivables within one year +€57,639
up €57,639 (+35.7%), from €161,311 to €218,951
of which Other amounts receivable: +€54,639
- Cash -€48,016
down €48,016 (-95.8%), from €50,113 to €2,097
mainly Stocks and contracts (-€1.7m) and Other debts (-€221,763)
- Debts after one year +€1.5m
up €1.5m (+77.4%), from €1.9m to €3.4m
- Other debts -€221,763
down €221,763 (-50.8%), from €436,239 to €214,476
- Tax, wage and social debts +€151,494
up €151,494 (+321%), from €47,212 to €198,706
- Current portion of long-term debt -€122,315
down €122,315 (-100%), from €122,315 to €0
- Other operating charges +€51,001
up €51,001 (+208%), from €24,561 to €75,562
- Financial charges +€31,417
up €31,417 (+39.3%), from €79,962 to €111,379
- Depreciation -€10,071
down €10,071 (-35.0%), from €28,800 to €18,729
- Taxes -€8,606
down €8,606 (-24.7%), from €34,825 to €26,219
- Gross operating margin -€5,607
down €5,607 (-2.2%), from €259,428 to €253,821
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.
Derived cash bridge
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 | €2,799,596 | €4,201,453 | +€1.4m | +50.1% |
| Fixed assets | 21/28 | €690,253 | €290,837 | -€399,416 | -57.9% |
| Tangible fixed assets | 22/27 | €657,003 | €257,587 | -€399,416 | -60.8% |
| Land and buildings | 22 | €647,243 | €250,045 | -€397,198 | -61.4% |
| Plant, machinery and equipment | 23 | €7,680 | €6,705 | -€975 | -12.7% |
| Furniture and vehicles | 24 | €2,080 | €836 | -€1,243 | -59.8% |
| Financial fixed assets | 28 | €33,250 | €33,250 | = | 0.0% |
| Current assets | 29/58 | €2,109,343 | €3,910,616 | +€1.8m | +85.4% |
| Stocks and contracts in progress | 3 | €1,897,919 | €3,551,568 | +€1.7m | +87.1% |
| Stocks | 30/36 | €1,897,919 | €3,551,568 | +€1.7m | +87.1% |
| Amounts receivable within one year | 40/41 | €161,311 | €218,951 | +€57,639 | +35.7% |
| Trade receivables | 40 | €97,309 | €100,309 | +€3,000 | +3.1% |
| Other amounts receivable | 41 | €64,002 | €118,642 | +€54,639 | +85.4% |
| Cash at bank and in hand | 54/58 | €50,113 | €2,097 | -€48,016 | -95.8% |
| Deferred charges and accrued income | 490/1 | €0 | €138,000 | +€138,000 | |
| Total equity and liabilities | 10/49 | €2,799,596 | €4,201,453 | +€1.4m | +50.1% |
| Equity | 10/15 | €251,860 | €273,795 | +€21,935 | +8.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €42,350 | €42,350 | = | 0.0% |
| Distributable reserves | 133 | €42,350 | €42,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,260 | €225,195 | +€21,935 | +10.8% |
| Amounts payable | 17/49 | €2,547,736 | €3,927,657 | +€1.4m | +54.2% |
| Amounts payable after more than one year | 17 | €1,936,059 | €3,434,422 | +€1.5m | +77.4% |
| Financial debts | 170/4 | €1,936,059 | €3,434,422 | +€1.5m | +77.4% |
| Amounts payable within one year | 42/48 | €611,677 | €493,235 | -€118,442 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €122,315 | €0 | -€122,315 | -100% |
| Financial debts | 43 | - | €39,262 | +€39,262 | |
| Credit institutions | 430/8 | - | €39,262 | +€39,262 | |
| Trade debts | 44 | €5,912 | €40,791 | +€34,879 | +590% |
| Suppliers | 440/4 | €5,912 | €40,791 | +€34,879 | +590% |
| Taxes, remuneration and social security | 45 | €47,212 | €198,706 | +€151,494 | +321% |
| Taxes | 450/3 | €47,212 | €198,706 | +€151,494 | +321% |
| Other amounts payable | 47/48 | €436,239 | €214,476 | -€221,763 | -50.8% |
| Non-recurring operating income | 76A | - | €318,481 | +€318,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,800 | €18,729 | -€10,071 | -35.0% |
| Other operating charges | 640/8 | €24,561 | €75,562 | +€51,001 | +208% |
| Gross operating margin | 9900 | €259,428 | €253,821 | -€5,607 | -2.2% |
| Operating profit (loss) | 9901 | €206,067 | €159,530 | -€46,537 | -22.6% |
| Financial income | 75/76B | €46 | €3 | -€43 | -94.6% |
| Recurring financial income | 75 | €46 | €3 | -€43 | -94.6% |
| Financial charges | 65/66B | €79,962 | €111,379 | +€31,417 | +39.3% |
| Recurring financial charges | 65 | €79,962 | €111,379 | +€31,417 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €126,151 | €48,154 | -€77,997 | -61.8% |
| Income taxes | 67/77 | €34,825 | €26,219 | -€8,606 | -24.7% |
| Profit (loss) for the period | 9904 | €91,326 | €21,935 | -€69,391 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,326 | €21,935 | -€69,391 | -76.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.