Steven Van Honacker: 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.
Steven Van Honacker
Largest movements
- Cash -€65,767
down €65,767 (-64.2%), from €102,380 to €36,612
mainly Other debts (-€59,557) and Contributions, distributions and other (-€57,920)
- Receivables within one year +€5,026
up €5,026 (+369.0%), from €1,362 to €6,388
- Tangible fixed assets +€2,810
up €2,810 (+8.8%), from €31,821 to €34,631
of which Furniture and vehicles: +€3,646
- Deferred charges and accrued income -€1,727
down €1,727 (-100.0%), from €1,727 to €0
- Other debts -€59,557
down €59,557 (-85.7%), from €69,476 to €9,920
- Tax, wage and social debts +€2,009
up €2,009 (+18.9%), from €10,609 to €12,618
- Accrued charges and deferred income -€1,704
down €1,704 (-100.0%), from €1,704 to €0
- Gross operating margin -€14,794
down €14,794 (-16.0%), from €92,386 to €77,593
- Taxes -€3,326
down €3,326 (-18.8%), from €17,735 to €14,409
- Financial charges -€1,816
down €1,816 (-47.2%), from €3,850 to €2,034
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 | €137,289 | €77,631 | -€59,658 | -43.5% |
| Fixed assets | 21/28 | €31,821 | €34,631 | +€2,810 | +8.8% |
| Tangible fixed assets | 22/27 | €31,821 | €34,631 | +€2,810 | +8.8% |
| Land and buildings | 22 | €28,563 | €27,727 | -€836 | -2.9% |
| Furniture and vehicles | 24 | €3,258 | €6,904 | +€3,646 | +111.9% |
| Current assets | 29/58 | €105,469 | €43,000 | -€62,468 | -59.2% |
| Amounts receivable within one year | 40/41 | €1,362 | €6,388 | +€5,026 | +369.0% |
| Other amounts receivable | 41 | €1,362 | €6,388 | +€5,026 | +369.0% |
| Cash at bank and in hand | 54/58 | €102,380 | €36,612 | -€65,767 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,727 | €0 | -€1,727 | -100.0% |
| Total equity and liabilities | 10/49 | €137,289 | €77,631 | -€59,658 | -43.5% |
| Equity | 10/15 | €53,505 | €53,500 | -€5 | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €38,500 | €38,500 | = | 0.0% |
| Distributable reserves | 133 | €38,500 | €38,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5 | €0 | -€5 | -100.0% |
| Amounts payable | 17/49 | €83,784 | €24,131 | -€59,653 | -71.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,080 | €24,131 | -€57,949 | -70.6% |
| Financial debts | 43 | €29 | €35 | +€6 | +19.7% |
| Credit institutions | 430/8 | €29 | €35 | +€6 | +19.7% |
| Trade debts | 44 | €1,965 | €1,558 | -€407 | -20.7% |
| Suppliers | 440/4 | €1,965 | €1,558 | -€407 | -20.7% |
| Taxes, remuneration and social security | 45 | €10,609 | €12,618 | +€2,009 | +18.9% |
| Taxes | 450/3 | €10,609 | €12,618 | +€2,009 | +18.9% |
| Other amounts payable | 47/48 | €69,476 | €9,920 | -€59,557 | -85.7% |
| Accrued charges and deferred income | 492/3 | €1,704 | €0 | -€1,704 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,404 | €2,285 | +€881 | +62.7% |
| Other operating charges | 640/8 | €1,205 | €1,123 | -€82 | -6.8% |
| Gross operating margin | 9900 | €92,386 | €77,593 | -€14,794 | -16.0% |
| Operating profit (loss) | 9901 | €89,777 | €74,185 | -€15,593 | -17.4% |
| Financial income | 75/76B | €350 | €172 | -€178 | -50.9% |
| Recurring financial income | 75 | €350 | €172 | -€178 | -50.9% |
| Financial charges | 65/66B | €3,850 | €2,034 | -€1,816 | -47.2% |
| Recurring financial charges | 65 | €3,850 | €2,034 | -€1,816 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €86,277 | €72,323 | -€13,955 | -16.2% |
| Income taxes | 67/77 | €17,735 | €14,409 | -€3,326 | -18.8% |
| Profit (loss) for the period | 9904 | €68,543 | €57,914 | -€10,628 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,543 | €57,914 | -€10,628 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.