Geen Half Werrek: 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.
Geen Half Werrek
Largest movements
- Tangible fixed assets +€12,044
up €12,044 (+87.8%), from €13,717 to €25,761
of which Plant, machinery and equipment: +€7,621
- Stocks and contracts +€1,664
up €1,664 (+29.2%), from €5,699 to €7,363
- Intangible fixed assets -€1,500
down €1,500 (-10.3%), from €14,618 to €13,118
- Receivables within one year -€1,115
down €1,115 (-56.4%), from €1,975 to €860
of which Other amounts receivable: -€1,265
- Current portion of long-term debt +€37,394
new in 2025: €37,394
- Contributions -€25,200
down €25,200 (-92.6%), from €27,200 to €2,000
- Trade debts +€18,496
up €18,496 (+10,542%), from €175 to €18,672
- Profit (loss) carried forward -€11,516
down €11,516 (-37.5%), from -€30,727 to -€42,243
- Other debts -€10,495
down €10,495 (-24.7%), from €42,470 to €31,975
- Gross operating margin +€40,190
up €40,190, from -€29,506 to €10,684
- Staff costs +€12,860
new in 2025: €12,860
- Depreciation +€3,540
up €3,540 (+655%), from €540 to €4,080
- Other operating charges +€2,625
up €2,625 (+488%), from €537 to €3,162
- Financial charges +€1,625
up €1,625 (+1,135%), from €143 to €1,768
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 | €54,868 | €65,805 | +€10,937 | +19.9% |
| Fixed assets | 21/28 | €40,335 | €50,879 | +€10,544 | +26.1% |
| Intangible fixed assets | 21 | €14,618 | €13,118 | -€1,500 | -10.3% |
| Tangible fixed assets | 22/27 | €13,717 | €25,761 | +€12,044 | +87.8% |
| Plant, machinery and equipment | 23 | €5,661 | €13,282 | +€7,621 | +135% |
| Other tangible fixed assets | 26 | €8,056 | €12,480 | +€4,424 | +54.9% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €14,533 | €14,926 | +€392 | +2.7% |
| Stocks and contracts in progress | 3 | €5,699 | €7,363 | +€1,664 | +29.2% |
| Stocks | 30/36 | €5,699 | €7,363 | +€1,664 | +29.2% |
| Amounts receivable within one year | 40/41 | €1,975 | €860 | -€1,115 | -56.4% |
| Trade receivables | 40 | - | €150 | +€150 | |
| Other amounts receivable | 41 | €1,975 | €710 | -€1,265 | -64.0% |
| Cash at bank and in hand | 54/58 | €6,859 | €6,702 | -€157 | -2.3% |
| Total equity and liabilities | 10/49 | €54,868 | €65,805 | +€10,937 | +19.9% |
| Equity | 10/15 | -€3,527 | -€40,243 | -€36,716 | -1,041% |
| Contributions | 10/11 | €27,200 | €2,000 | -€25,200 | -92.6% |
| Profit (loss) carried forward | 14 | -€30,727 | -€42,243 | -€11,516 | -37.5% |
| Amounts payable | 17/49 | €58,395 | €106,047 | +€47,653 | +81.6% |
| Amounts payable after more than one year | 17 | - | €9,871 | +€9,871 | |
| Financial debts | 170/4 | - | €9,871 | +€9,871 | |
| Amounts payable within one year | 42/48 | €58,395 | €96,177 | +€37,782 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €37,394 | +€37,394 | |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100% |
| Other loans | 439 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €175 | €18,672 | +€18,496 | +10,542% |
| Suppliers | 440/4 | €175 | €18,672 | +€18,496 | +10,542% |
| Taxes, remuneration and social security | 45 | €5,750 | €8,136 | +€2,386 | +41.5% |
| Taxes | 450/3 | €3,000 | €3,913 | +€913 | +30.4% |
| Remuneration and social security | 454/9 | €2,750 | €4,223 | +€1,473 | +53.6% |
| Other amounts payable | 47/48 | €42,470 | €31,975 | -€10,495 | -24.7% |
| Remuneration, social security and pensions | 62 | - | €12,860 | +€12,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €4,080 | +€3,540 | +655% |
| Other operating charges | 640/8 | €537 | €3,162 | +€2,625 | +488% |
| Gross operating margin | 9900 | -€29,506 | €10,684 | +€40,190 | |
| Operating profit (loss) | 9901 | -€30,584 | -€9,418 | +€21,166 | +69.2% |
| Financial income | 75/76B | - | €760 | +€760 | |
| Recurring financial income | 75 | - | €760 | +€760 | |
| Financial charges | 65/66B | €143 | €1,768 | +€1,625 | +1,135% |
| Recurring financial charges | 65 | €143 | €1,768 | +€1,625 | +1,135% |
| Profit (loss) for the period before taxes | 9903 | -€30,727 | -€10,426 | +€20,301 | +66.1% |
| Profit (loss) for the period | 9904 | -€30,727 | -€10,426 | +€20,301 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,727 | -€10,426 | +€20,301 | +66.1% |
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 31 October 2026 via checked.be.