HALF - ACHT: 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.
HALF - ACHT
Largest movements
- Cash +€153,162
up €153,162 (+47.4%), from €323,026 to €476,188
mainly Net result for the year (+€96,452) and Depreciation (+€49,592)
- Tangible fixed assets -€49,592
down €49,592 (-29.1%), from €170,687 to €121,095
- Receivables within one year +€7,218
up €7,218 (+240%), from €3,008 to €10,226
of which Trade receivables: +€9,248
- Reserves +€96,452
up €96,452 (+24.1%), from €399,756 to €496,207
- Tax, wage and social debts +€22,598
up €22,598 (+104%), from €21,669 to €44,266
of which Taxes: +€21,558
- Debts after one year -€18,207
down €18,207 (-79.5%), from €22,903 to €4,696
- Trade debts +€9,118
up €9,118 (+69.7%), from €13,086 to €22,204
- Gross operating margin +€85,017
up €85,017 (+25.3%), from €336,019 to €421,036
- Staff costs +€42,449
up €42,449 (+23.0%), from €184,412 to €226,861
- Taxes +€21,124
up €21,124 (+106%), from €19,974 to €41,098
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 | €525,131 | €635,851 | +€110,720 | +21.1% |
| Fixed assets | 21/28 | €170,687 | €121,095 | -€49,592 | -29.1% |
| Tangible fixed assets | 22/27 | €170,687 | €121,095 | -€49,592 | -29.1% |
| Land and buildings | 22 | €70,410 | €51,045 | -€19,366 | -27.5% |
| Plant, machinery and equipment | 23 | €41,673 | €30,338 | -€11,335 | -27.2% |
| Furniture and vehicles | 24 | €58,603 | €39,712 | -€18,891 | -32.2% |
| Current assets | 29/58 | €354,445 | €514,757 | +€160,312 | +45.2% |
| Stocks and contracts in progress | 3 | €28,410 | €28,343 | -€68 | -0.2% |
| Stocks | 30/36 | €28,410 | €28,343 | -€68 | -0.2% |
| Amounts receivable within one year | 40/41 | €3,008 | €10,226 | +€7,218 | +240% |
| Trade receivables | 40 | - | €9,248 | +€9,248 | |
| Other amounts receivable | 41 | €3,008 | €978 | -€2,030 | -67.5% |
| Cash at bank and in hand | 54/58 | €323,026 | €476,188 | +€153,162 | +47.4% |
| Total equity and liabilities | 10/49 | €525,131 | €635,851 | +€110,720 | +21.1% |
| Equity | 10/15 | €418,356 | €514,807 | +€96,452 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €399,756 | €496,207 | +€96,452 | +24.1% |
| Distributable reserves | 133 | €399,756 | €496,207 | +€96,452 | +24.1% |
| Amounts payable | 17/49 | €106,775 | €121,044 | +€14,269 | +13.4% |
| Amounts payable after more than one year | 17 | €22,903 | €4,696 | -€18,207 | -79.5% |
| Financial debts | 170/4 | €22,903 | €4,696 | -€18,207 | -79.5% |
| Amounts payable within one year | 42/48 | €83,873 | €116,349 | +€32,476 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €17,318 | €18,207 | +€889 | +5.1% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €13,086 | €22,204 | +€9,118 | +69.7% |
| Suppliers | 440/4 | €13,086 | €22,204 | +€9,118 | +69.7% |
| Taxes, remuneration and social security | 45 | €21,669 | €44,266 | +€22,598 | +104% |
| Taxes | 450/3 | €801 | €22,358 | +€21,558 | +2,693% |
| Remuneration and social security | 454/9 | €20,868 | €21,908 | +€1,040 | +5.0% |
| Other amounts payable | 47/48 | €11,800 | €11,671 | -€129 | -1.1% |
| Remuneration, social security and pensions | 62 | €184,412 | €226,861 | +€42,449 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,765 | €49,592 | -€1,173 | -2.3% |
| Other operating charges | 640/8 | €5,420 | €5,406 | -€13 | -0.2% |
| Gross operating margin | 9900 | €336,019 | €421,036 | +€85,017 | +25.3% |
| Operating profit (loss) | 9901 | €95,423 | €139,177 | +€43,754 | +45.9% |
| Financial income | 75/76B | €1,396 | €3,688 | +€2,292 | +164% |
| Recurring financial income | 75 | €1,396 | €3,688 | +€2,292 | +164% |
| Financial charges | 65/66B | €5,528 | €5,315 | -€213 | -3.8% |
| Recurring financial charges | 65 | €5,528 | €5,315 | -€213 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €91,292 | €137,550 | +€46,258 | +50.7% |
| Income taxes | 67/77 | €19,974 | €41,098 | +€21,124 | +106% |
| Profit (loss) for the period | 9904 | €71,318 | €96,452 | +€25,134 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,318 | €96,452 | +€25,134 | +35.2% |
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 30 October 2026 via checked.be.