HONOREZ-ESMANNE: what changed
What changed
HONOREZ-ESMANNE
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€81,508
2024 · -€33,167+€114,675
Equity
€135,040
2024 · €53,531+€81,508
Cash
€81,231
2024 · €43,866+€37,365
Balance sheet total
€299,890
2024 · €191,064+€108,826
Largest movements
Assets
- Tangible fixed assets +€56,771
up €56,771 (+39.3%), from €144,357 to €201,128
of which Leasing and similar rights: +€44,191
- Cash +€37,365
up €37,365 (+85.2%), from €43,866 to €81,231
mainly Net result for the year (+€81,508) and Depreciation (+€50,112)
- Stocks and contracts +€11,958
new in 2025: €11,958
- Receivables within one year +€4,056
new in 2025: €4,056
Equity and liabilities
- Profit (loss) carried forward +€81,508
up €81,508 (+741%), from €11,005 to €92,514
- Debts after one year +€20,489
up €20,489 (+42.3%), from €48,386 to €68,876
- Accrued charges and deferred income -€19,575
down €19,575 (-48.9%), from €40,000 to €20,425
- Current portion of long-term debt +€13,236
up €13,236 (+47.2%), from €28,024 to €41,260
- Tax, wage and social debts +€8,242
up €8,242 (+78.9%), from €10,452 to €18,693
of which Remuneration and social security: +€4,451
Income statement
- Gross operating margin +€145,152
up €145,152 (+126%), from €114,805 to €259,956
- Staff costs +€22,414
up €22,414 (+23.6%), from €95,091 to €117,506
- Depreciation +€4,041
up €4,041 (+8.8%), from €46,071 to €50,112
- Taxes +€3,790
new in 2025: €3,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€33,167
Gross operating margin
+€145,152
Staff costs
-€22,414
Depreciation
-€4,041
Write-downs
-€1,437
Other operating charges
+€1,383
Financial charges
-€177
Taxes
-€3,790
Result 2025
€81,508
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,522
Investment
-€106,882
Financing
+€33,725
Cash 2024
€43,866
From operations (derived)
+€110,522
Net result for the year
+€81,508
Depreciation
+€50,112
Stocks and contracts
-€11,958
Receivables within one year
-€4,056
Deferred charges and accrued income
+€1,324
Trade debts
-€1,745
Tax, wage and social debts
+€8,242
Other debts
+€6,670
Accrued charges and deferred income
-€19,575
Investment (derived)
-€106,882
Investment in fixed assets (net)
-€106,882
Financing
+€33,725
Debts after one year
+€20,489
Current portion of long-term debt
+€13,236
Cash 2025
€81,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,064 | €299,890 | +€108,826 | +57.0% |
| Fixed assets | 21/28 | €144,407 | €201,178 | +€56,771 | +39.3% |
| Tangible fixed assets | 22/27 | €144,357 | €201,128 | +€56,771 | +39.3% |
| Land and buildings | 22 | €6,098 | €6,098 | = | 0.0% |
| Plant, machinery and equipment | 23 | €55,859 | €72,864 | +€17,005 | +30.4% |
| Furniture and vehicles | 24 | €4,972 | €3,136 | -€1,836 | -36.9% |
| Leasing and similar rights | 25 | €74,839 | €119,030 | +€44,191 | +59.0% |
| Assets under construction and advance payments | 27 | €2,589 | €0 | -€2,589 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €46,657 | €98,712 | +€52,055 | +112% |
| Stocks and contracts in progress | 3 | - | €11,958 | +€11,958 | |
| Stocks | 30/36 | - | €11,958 | +€11,958 | |
| Amounts receivable within one year | 40/41 | - | €4,056 | +€4,056 | |
| Trade receivables | 40 | - | €4,056 | +€4,056 | |
| Cash at bank and in hand | 54/58 | €43,866 | €81,231 | +€37,365 | +85.2% |
| Deferred charges and accrued income | 490/1 | €2,791 | €1,467 | -€1,324 | -47.4% |
| Total equity and liabilities | 10/49 | €191,064 | €299,890 | +€108,826 | +57.0% |
| Equity | 10/15 | €53,531 | €135,040 | +€81,508 | +152% |
| Contributions | 10/11 | €6,155 | €6,155 | = | 0.0% |
| Reserves | 13 | €36,371 | €36,371 | = | 0.0% |
| 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 | €34,512 | €34,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,005 | €92,514 | +€81,508 | +741% |
| Amounts payable | 17/49 | €137,532 | €164,850 | +€27,317 | +19.9% |
| Amounts payable after more than one year | 17 | €48,386 | €68,876 | +€20,489 | +42.3% |
| Financial debts | 170/4 | €48,386 | €68,876 | +€20,489 | +42.3% |
| Amounts payable within one year | 42/48 | €49,146 | €75,549 | +€26,403 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €28,024 | €41,260 | +€13,236 | +47.2% |
| Trade debts | 44 | €10,647 | €8,902 | -€1,745 | -16.4% |
| Suppliers | 440/4 | €10,647 | €8,902 | -€1,745 | -16.4% |
| Taxes, remuneration and social security | 45 | €10,452 | €18,693 | +€8,242 | +78.9% |
| Taxes | 450/3 | - | €3,790 | +€3,790 | |
| Remuneration and social security | 454/9 | €10,452 | €14,903 | +€4,451 | +42.6% |
| Other amounts payable | 47/48 | €24 | €6,694 | +€6,670 | +28,038% |
| Accrued charges and deferred income | 492/3 | €40,000 | €20,425 | -€19,575 | -48.9% |
| Remuneration, social security and pensions | 62 | €95,091 | €117,506 | +€22,414 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,071 | €50,112 | +€4,041 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,437 | +€1,437 | |
| Other operating charges | 640/8 | €3,054 | €1,671 | -€1,383 | -45.3% |
| Gross operating margin | 9900 | €114,805 | €259,956 | +€145,152 | +126% |
| Operating profit (loss) | 9901 | -€29,411 | €89,231 | +€118,642 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,756 | €3,933 | +€177 | +4.7% |
| Recurring financial charges | 65 | €3,756 | €3,933 | +€177 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,167 | €85,298 | +€118,465 | |
| Income taxes | 67/77 | - | €3,790 | +€3,790 | |
| Profit (loss) for the period | 9904 | -€33,167 | €81,508 | +€114,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,167 | €81,508 | +€114,675 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.