HONTZOCHT: 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.
HONTZOCHT
Largest movements
- Cash -€128,491
down €128,491 (-35.8%), from €358,900 to €230,409
mainly Short-term financial debts (-€100,000) and Current portion of long-term debt (-€65,476)
- Short-term financial debts -€100,000
down €100,000 (-6.1%), from €1.7m to €1.6m
- Current portion of long-term debt -€65,476
down €65,476 (-100%), from €65,476 to €0
- Accrued charges and deferred income -€61,839
down €61,839 (-65.6%), from €94,330 to €32,491
- Profit (loss) carried forward +€37,946
up €37,946 (+6.9%), from -€553,588 to -€515,642
- Trade debts +€36,931
up €36,931 (+208%), from €17,766 to €54,697
- Gross operating margin +€44,285
up €44,285 (+24.6%), from €180,254 to €224,540
- Financial charges -€26,050
down €26,050 (-27.1%), from €96,256 to €70,207
- Other operating charges -€9,860
down €9,860 (-44.6%), from €22,128 to €12,268
- Financial income -€8,022
down €8,022 (-79.7%), from €10,062 to €2,040
of which Non-recurring financial income: -€10,055
- Staff costs -€6,797
down €6,797 (-10.9%), from €62,545 to €55,748
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 | €2,326,315 | €2,173,835 | -€152,479 | -6.6% |
| Fixed assets | 21/28 | €1,930,157 | €1,908,437 | -€21,721 | -1.1% |
| Tangible fixed assets | 22/27 | €1,930,157 | €1,908,437 | -€21,721 | -1.1% |
| Land and buildings | 22 | €1,878,849 | €1,861,622 | -€17,227 | -0.9% |
| Plant, machinery and equipment | 23 | €44,278 | €45,215 | +€937 | +2.1% |
| Furniture and vehicles | 24 | €7,031 | €1,600 | -€5,431 | -77.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €396,158 | €265,399 | -€130,759 | -33.0% |
| Amounts receivable within one year | 40/41 | €14,404 | €8,436 | -€5,968 | -41.4% |
| Trade receivables | 40 | €13,484 | €7,628 | -€5,856 | -43.4% |
| Other amounts receivable | 41 | €920 | €808 | -€113 | -12.2% |
| Cash at bank and in hand | 54/58 | €358,900 | €230,409 | -€128,491 | -35.8% |
| Deferred charges and accrued income | 490/1 | €22,854 | €26,554 | +€3,700 | +16.2% |
| Total equity and liabilities | 10/49 | €2,326,315 | €2,173,835 | -€152,479 | -6.6% |
| Equity | 10/15 | €493,175 | €531,121 | +€37,946 | +7.7% |
| Contributions | 10/11 | €317,424 | €317,424 | = | 0.0% |
| Capital | 10 | €317,424 | €317,424 | = | 0.0% |
| Issued capital | 100 | €317,424 | €317,424 | = | 0.0% |
| Reserves | 13 | €729,339 | €729,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,742 | €31,742 | = | 0.0% |
| Legal reserve | 130 | €31,742 | €31,742 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,369 | €60,369 | = | 0.0% |
| Distributable reserves | 133 | €637,228 | €637,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€553,588 | -€515,642 | +€37,946 | +6.9% |
| Amounts payable | 17/49 | €1,833,140 | €1,642,714 | -€190,426 | -10.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,738,810 | €1,610,223 | -€128,586 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €65,476 | €0 | -€65,476 | -100% |
| Financial debts | 43 | €1,650,000 | €1,550,000 | -€100,000 | -6.1% |
| Other loans | 439 | €1,650,000 | €1,550,000 | -€100,000 | -6.1% |
| Trade debts | 44 | €17,766 | €54,697 | +€36,931 | +208% |
| Suppliers | 440/4 | €17,766 | €54,697 | +€36,931 | +208% |
| Taxes, remuneration and social security | 45 | €5,567 | €5,526 | -€41 | -0.7% |
| Taxes | 450/3 | €157 | €0 | -€157 | -100% |
| Remuneration and social security | 454/9 | €5,411 | €5,526 | +€116 | +2.1% |
| Accrued charges and deferred income | 492/3 | €94,330 | €32,491 | -€61,839 | -65.6% |
| Remuneration, social security and pensions | 62 | €62,545 | €55,748 | -€6,797 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,211 | €50,410 | -€801 | -1.6% |
| Other operating charges | 640/8 | €22,128 | €12,268 | -€9,860 | -44.6% |
| Non-recurring operating charges | 66A | €174,227 | €0 | -€174,227 | -100% |
| Gross operating margin | 9900 | €180,254 | €224,540 | +€44,285 | +24.6% |
| Operating profit (loss) | 9901 | -€129,857 | €106,114 | +€235,970 | |
| Financial income | 75/76B | €10,062 | €2,040 | -€8,022 | -79.7% |
| Recurring financial income | 75 | €7 | €2,040 | +€2,033 | +30,210% |
| Non-recurring financial income | 76B | €10,055 | €0 | -€10,055 | -100% |
| Financial charges | 65/66B | €96,256 | €70,207 | -€26,050 | -27.1% |
| Recurring financial charges | 65 | €96,256 | €70,207 | -€26,050 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€216,051 | €37,947 | +€253,998 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €2 | €1 | -€1 | -72.9% |
| Profit (loss) for the period | 9904 | -€216,053 | €37,946 | +€253,999 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€216,053 | €37,946 | +€253,999 |
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 20 October 2026 via checked.be.