HONORIUS: what changed
Two fiscal 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.
HONORIUS
Largest movements
- Cash +€37,901
up €37,901 (+111.8%), from €33,897 to €71,797
mainly Trade debts (+€43,667) and Net result for the year (+€38,331)
- Receivables within one year -€28,054
down €28,054 (-21.0%), from €133,775 to €105,721
of which Other amounts receivable: -€16,859
- Trade debts +€43,667
up €43,667 (+772.7%), from €5,652 to €49,319
- Profit (loss) carried forward +€38,331
up €38,331 (+15.1%), from -€253,559 to -€215,228
- Other debts -€35,472
down €35,472 (-5.1%), from €697,022 to €661,551
- Tax, wage and social debts -€21,782
down €21,782 (-57.2%), from €38,075 to €16,293
- Accrued charges and deferred income -€12,626
down €12,626 (-89.3%), from €14,140 to €1,514
- Gross operating margin -€79,314
down €79,314 (-46.3%), from €171,193 to €91,879
- Taxes -€22,868
down €22,868 (-60.1%), from €38,075 to €15,207
- Depreciation +€3,774
up €3,774 (+11.6%), from €32,516 to €36,290
- Other operating charges -€2,222
down €2,222 (-67.1%), from €3,313 to €1,091
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.
Cash bridge derived
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 | €563,330 | €575,448 | +€12,118 | +2.2% |
| Fixed assets | 21/28 | €392,774 | €395,673 | +€2,899 | +0.7% |
| Tangible fixed assets | 22/27 | €392,074 | €394,973 | +€2,899 | +0.7% |
| Land and buildings | 22 | €388,430 | €391,877 | +€3,448 | +0.9% |
| Furniture and vehicles | 24 | €2,404 | €1,856 | -€549 | -22.8% |
| Other tangible fixed assets | 26 | €1,240 | €1,240 | = | 0.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €170,556 | €179,775 | +€9,219 | +5.4% |
| Amounts receivable within one year | 40/41 | €133,775 | €105,721 | -€28,054 | -21.0% |
| Trade receivables | 40 | €103,971 | €92,776 | -€11,195 | -10.8% |
| Other amounts receivable | 41 | €29,804 | €12,945 | -€16,859 | -56.6% |
| Cash at bank and in hand | 54/58 | €33,897 | €71,797 | +€37,901 | +111.8% |
| Deferred charges and accrued income | 490/1 | €2,884 | €2,257 | -€628 | -21.8% |
| Total equity and liabilities | 10/49 | €563,330 | €575,448 | +€12,118 | +2.2% |
| Equity | 10/15 | -€191,559 | -€153,228 | +€38,331 | +20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,559 | -€215,228 | +€38,331 | +15.1% |
| Amounts payable | 17/49 | €754,889 | €728,676 | -€26,213 | -3.5% |
| Amounts payable within one year | 42/48 | €740,749 | €727,162 | -€13,587 | -1.8% |
| Trade debts | 44 | €5,652 | €49,319 | +€43,667 | +772.7% |
| Suppliers | 440/4 | €5,652 | €49,319 | +€43,667 | +772.7% |
| Taxes, remuneration and social security | 45 | €38,075 | €16,293 | -€21,782 | -57.2% |
| Taxes | 450/3 | €38,075 | €16,293 | -€21,782 | -57.2% |
| Other amounts payable | 47/48 | €697,022 | €661,551 | -€35,472 | -5.1% |
| Accrued charges and deferred income | 492/3 | €14,140 | €1,514 | -€12,626 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,516 | €36,290 | +€3,774 | +11.6% |
| Other operating charges | 640/8 | €3,313 | €1,091 | -€2,222 | -67.1% |
| Gross operating margin | 9900 | €171,193 | €91,879 | -€79,314 | -46.3% |
| Operating profit (loss) | 9901 | €135,364 | €54,498 | -€80,866 | -59.7% |
| Financial income | 75/76B | €455 | €159 | -€296 | -65.1% |
| Recurring financial income | 75 | €455 | €159 | -€296 | -65.1% |
| Financial charges | 65/66B | €1,337 | €1,119 | -€219 | -16.3% |
| Recurring financial charges | 65 | €1,337 | €1,119 | -€219 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €134,482 | €53,538 | -€80,944 | -60.2% |
| Income taxes | 67/77 | €38,075 | €15,207 | -€22,868 | -60.1% |
| Profit (loss) for the period | 9904 | €96,407 | €38,331 | -€58,076 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,407 | €38,331 | -€58,076 | -60.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.