HonVal Law: 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.
HonVal Law
Largest movements
- Tangible fixed assets +€11,190
new in 2024: €11,190
- Cash +€9,478
up €9,478 (+139%), from €6,831 to €16,309
mainly Net result for the year (+€23,706) and Receivables within one year (+€6,404)
- Receivables within one year -€6,404
down €6,404 (-57.9%), from €11,067 to €4,662
of which Trade receivables: -€6,147
- Deferred charges and accrued income +€1,464
new in 2024: €1,464
- Profit (loss) carried forward +€23,706
up €23,706 (+426%), from €5,570 to €29,277
- Trade debts -€8,971
down €8,971 (-95.7%), from €9,370 to €399
- Tax, wage and social debts +€993
up €993 (+68.1%), from €1,457 to €2,449
of which Taxes: +€993
- Gross operating margin +€25,531
up €25,531 (+356%), from €7,164 to €32,695
- Taxes +€5,202
up €5,202 (+357%), from €1,457 to €6,658
- Other operating charges +€1,215
up €1,215, from €0 to €1,215
- Depreciation +€737
new in 2024: €737
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,897 | €33,625 | +€15,728 | +87.9% |
| Fixed assets | 21/28 | - | €11,190 | +€11,190 | |
| Tangible fixed assets | 22/27 | - | €11,190 | +€11,190 | |
| Furniture and vehicles | 24 | - | €11,190 | +€11,190 | |
| Current assets | 29/58 | €17,897 | €22,435 | +€4,538 | +25.4% |
| Amounts receivable within one year | 40/41 | €11,067 | €4,662 | -€6,404 | -57.9% |
| Trade receivables | 40 | €10,771 | €4,625 | -€6,147 | -57.1% |
| Other amounts receivable | 41 | €295 | €38 | -€258 | -87.3% |
| Cash at bank and in hand | 54/58 | €6,831 | €16,309 | +€9,478 | +139% |
| Deferred charges and accrued income | 490/1 | - | €1,464 | +€1,464 | |
| Total equity and liabilities | 10/49 | €17,897 | €33,625 | +€15,728 | +87.9% |
| Equity | 10/15 | €7,070 | €30,777 | +€23,706 | +335% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,570 | €29,277 | +€23,706 | +426% |
| Amounts payable | 17/49 | €10,827 | €2,849 | -€7,978 | -73.7% |
| Amounts payable within one year | 42/48 | €10,827 | €2,849 | -€7,978 | -73.7% |
| Trade debts | 44 | €9,370 | €399 | -€8,971 | -95.7% |
| Suppliers | 440/4 | €9,370 | €399 | -€8,971 | -95.7% |
| Taxes, remuneration and social security | 45 | €1,457 | €2,449 | +€993 | +68.1% |
| Taxes | 450/3 | €1,457 | €2,449 | +€993 | +68.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €737 | +€737 | |
| Other operating charges | 640/8 | €0 | €1,215 | +€1,215 | |
| Non-recurring operating charges | 66A | - | €81 | +€81 | |
| Gross operating margin | 9900 | €7,164 | €32,695 | +€25,531 | +356% |
| Operating profit (loss) | 9901 | €7,164 | €30,663 | +€23,498 | +328% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €137 | €356 | +€219 | +160% |
| Recurring financial charges | 65 | €137 | €356 | +€219 | +160% |
| Profit (loss) for the period before taxes | 9903 | €7,027 | €30,365 | +€23,338 | +332% |
| Income taxes | 67/77 | €1,457 | €6,658 | +€5,202 | +357% |
| Profit (loss) for the period | 9904 | €5,570 | €23,706 | +€18,136 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €5,570 | €23,706 | +€18,136 | +326% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.