HONNE: 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.
HONNE
Largest movements
- Cash -€39,987
down €39,987 (-28.2%), from €141,593 to €101,606
mainly Other debts (-€119,221) and Current investments (-€18,000)
- Current investments +€18,000
up €18,000 (+148.7%), from €12,108 to €30,108
- Tangible fixed assets -€7,949
down €7,949 (-29.5%), from €26,935 to €18,986
- Receivables within one year +€6,343
up €6,343 (+9.8%), from €64,479 to €70,822
of which Trade receivables: +€3,369
- Other debts -€119,221
down €119,221 (-64.9%), from €183,778 to €64,556
- Profit (loss) carried forward +€77,982
new in 2025: €77,982
- Tax, wage and social debts +€12,324
up €12,324 (+62.6%), from €19,686 to €32,010
- Trade debts +€4,447
up €4,447 (+73.6%), from €6,045 to €10,493
- Gross operating margin -€141,432
down €141,432 (-53.1%), from €266,304 to €124,873
- Taxes -€34,064
down €34,064 (-58.5%), from €58,232 to €24,167
- Depreciation -€10,619
down €10,619 (-49.0%), from €21,657 to €11,038
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,969 | €223,501 | -€24,468 | -9.9% |
| Fixed assets | 21/28 | €26,935 | €18,986 | -€7,949 | -29.5% |
| Tangible fixed assets | 22/27 | €26,935 | €18,986 | -€7,949 | -29.5% |
| Furniture and vehicles | 24 | €26,935 | €18,986 | -€7,949 | -29.5% |
| Current assets | 29/58 | €221,034 | €204,515 | -€16,519 | -7.5% |
| Amounts receivable within one year | 40/41 | €64,479 | €70,822 | +€6,343 | +9.8% |
| Trade receivables | 40 | €63,662 | €67,031 | +€3,369 | +5.3% |
| Other amounts receivable | 41 | €818 | €3,792 | +€2,974 | +363.8% |
| Current investments | 50/53 | €12,108 | €30,108 | +€18,000 | +148.7% |
| Cash at bank and in hand | 54/58 | €141,593 | €101,606 | -€39,987 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,854 | €1,978 | -€876 | -30.7% |
| Total equity and liabilities | 10/49 | €247,969 | €223,501 | -€24,468 | -9.9% |
| Equity | 10/15 | €20,460 | €98,442 | +€77,982 | +381.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €77,982 | +€77,982 | |
| Amounts payable | 17/49 | €227,509 | €125,059 | -€102,450 | -45.0% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €209,509 | €107,059 | -€102,450 | -48.9% |
| Trade debts | 44 | €6,045 | €10,493 | +€4,447 | +73.6% |
| Suppliers | 440/4 | €6,045 | €10,493 | +€4,447 | +73.6% |
| Taxes, remuneration and social security | 45 | €19,686 | €32,010 | +€12,324 | +62.6% |
| Taxes | 450/3 | €19,686 | €32,010 | +€12,324 | +62.6% |
| Other amounts payable | 47/48 | €183,778 | €64,556 | -€119,221 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,657 | €11,038 | -€10,619 | -49.0% |
| Other operating charges | 640/8 | €252 | €75 | -€177 | -70.2% |
| Gross operating margin | 9900 | €266,304 | €124,873 | -€141,432 | -53.1% |
| Operating profit (loss) | 9901 | €244,395 | €113,759 | -€130,636 | -53.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,297 | €600 | -€697 | -53.7% |
| Recurring financial charges | 65 | €1,297 | €600 | -€697 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €243,098 | €113,159 | -€129,939 | -53.5% |
| Income taxes | 67/77 | €58,232 | €24,167 | -€34,064 | -58.5% |
| Profit (loss) for the period | 9904 | €184,866 | €88,992 | -€95,874 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,866 | €88,992 | -€95,874 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.