HONKARINNE: 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.
HONKARINNE
Largest movements
- Tangible fixed assets -€281,270
down €281,270 (-32.9%), from €853,678 to €572,407
of which Land and buildings: -€278,245
- Other debts -€190,058
down €190,058 (-22.4%), from €848,497 to €658,438
- Debts after one year -€94,315
down €94,315 (-54.6%), from €172,885 to €78,569
- Current portion of long-term debt -€17,138
down €17,138 (-62.6%), from €27,381 to €10,243
- Profit (loss) carried forward +€13,155
up €13,155 (+6.3%), from -€207,684 to -€194,529
- Depreciation -€14,383
down €14,383 (-38.9%), from €36,982 to €22,599
- Gross operating margin +€7,485
up €7,485 (+19.2%), from €39,058 to €46,543
- Financial charges +€1,097
up €1,097 (+26.6%), from €4,133 to €5,230
- Other operating charges -€500
down €500 (-8.2%), from €6,076 to €5,576
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.
Derived cash bridge
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 | €861,083 | €573,038 | -€288,045 | -33.5% |
| Fixed assets | 21/28 | €853,678 | €572,407 | -€281,270 | -32.9% |
| Tangible fixed assets | 22/27 | €853,678 | €572,407 | -€281,270 | -32.9% |
| Land and buildings | 22 | €841,978 | €563,734 | -€278,245 | -33.0% |
| Plant, machinery and equipment | 23 | €11,699 | €8,674 | -€3,025 | -25.9% |
| Current assets | 29/58 | €7,405 | €631 | -€6,775 | -91.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,405 | €631 | -€6,775 | -91.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €861,083 | €573,038 | -€288,045 | -33.5% |
| Equity | 10/15 | -€193,429 | -€180,274 | +€13,155 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,684 | -€194,529 | +€13,155 | +6.3% |
| Amounts payable | 17/49 | €1,054,512 | €753,312 | -€301,200 | -28.6% |
| Amounts payable after more than one year | 17 | €172,885 | €78,569 | -€94,315 | -54.6% |
| Financial debts | 170/4 | €172,885 | €78,569 | -€94,315 | -54.6% |
| Amounts payable within one year | 42/48 | €881,523 | €674,743 | -€206,780 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €27,381 | €10,243 | -€17,138 | -62.6% |
| Trade debts | 44 | €5,645 | €6,061 | +€416 | +7.4% |
| Suppliers | 440/4 | €5,645 | €6,061 | +€416 | +7.4% |
| Other amounts payable | 47/48 | €848,497 | €658,438 | -€190,058 | -22.4% |
| Accrued charges and deferred income | 492/3 | €104 | €0 | -€104 | -100% |
| Non-recurring operating income | 76A | - | €39,329 | +€39,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,982 | €22,599 | -€14,383 | -38.9% |
| Other operating charges | 640/8 | €6,076 | €5,576 | -€500 | -8.2% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100% |
| Gross operating margin | 9900 | €39,058 | €46,543 | +€7,485 | +19.2% |
| Operating profit (loss) | 9901 | -€9,001 | €18,368 | +€27,369 | |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €4,133 | €5,230 | +€1,097 | +26.6% |
| Recurring financial charges | 65 | €4,133 | €5,230 | +€1,097 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,133 | €13,155 | +€26,288 | |
| Profit (loss) for the period | 9904 | -€13,133 | €13,155 | +€26,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,133 | €13,155 | +€26,288 |
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 13 October 2026 via checked.be.