HALF THE SKY: 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 THE SKY
Largest movements
- Cash +€14,874
up €14,874 (+345%), from €4,306 to €19,180
mainly Accrued charges and deferred income (+€10,217) and Contributions, distributions and other (+€10,000)
- Stocks and contracts -€5,881
down €5,881 (-24.7%), from €23,767 to €17,885
- Profit (loss) carried forward -€11,030
down €11,030 (-23.5%), from -€46,929 to -€57,959
- Accrued charges and deferred income +€10,217
new in 2025: €10,217
- Contributions +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Trade debts -€3,195
down €3,195 (-41.1%), from €7,778 to €4,583
- Tax, wage and social debts +€2,879
new in 2025: €2,879
- Turnover +€11,395
up €11,395 (+133%), from €8,539 to €19,934
- Purchases and services +€8,109
up €8,109 (+36.4%), from €22,299 to €30,407
- Gross operating margin +€3,287
up €3,287 (+23.9%), from -€13,760 to -€10,473
- Depreciation +€371
new in 2025: €371
- Financial charges -€212
down €212 (-53.4%), from €398 to €186
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 | €29,564 | €37,961 | +€8,397 | +28.4% |
| Fixed assets | 21/28 | €471 | €100 | -€371 | -78.8% |
| Tangible fixed assets | 22/27 | €371 | - | -€371 | |
| Furniture and vehicles | 24 | €371 | - | -€371 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €29,093 | €37,861 | +€8,768 | +30.1% |
| Stocks and contracts in progress | 3 | €23,767 | €17,885 | -€5,881 | -24.7% |
| Stocks | 30/36 | €23,767 | €17,885 | -€5,881 | -24.7% |
| Amounts receivable within one year | 40/41 | €1,020 | €796 | -€224 | -22.0% |
| Trade receivables | 40 | €626 | €796 | +€170 | +27.2% |
| Other amounts receivable | 41 | €395 | - | -€395 | |
| Cash at bank and in hand | 54/58 | €4,306 | €19,180 | +€14,874 | +345% |
| Total equity and liabilities | 10/49 | €29,564 | €37,961 | +€8,397 | +28.4% |
| Equity | 10/15 | €3,071 | €2,041 | -€1,030 | -33.5% |
| Contributions | 10/11 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Profit (loss) carried forward | 14 | -€46,929 | -€57,959 | -€11,030 | -23.5% |
| Amounts payable | 17/49 | €26,494 | €35,921 | +€9,427 | +35.6% |
| Amounts payable within one year | 42/48 | €26,494 | €25,704 | -€790 | -3.0% |
| Trade debts | 44 | €7,778 | €4,583 | -€3,195 | -41.1% |
| Suppliers | 440/4 | €7,778 | €4,583 | -€3,195 | -41.1% |
| Taxes, remuneration and social security | 45 | - | €2,879 | +€2,879 | |
| Taxes | 450/3 | - | €2,879 | +€2,879 | |
| Other amounts payable | 47/48 | €18,715 | €18,242 | -€474 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €10,217 | +€10,217 | |
| Turnover | 70 | €8,539 | €19,934 | +€11,395 | +133% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,299 | €30,407 | +€8,109 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €371 | +€371 | |
| Gross operating margin | 9900 | -€13,760 | -€10,473 | +€3,287 | +23.9% |
| Operating profit (loss) | 9901 | -€13,760 | -€10,844 | +€2,915 | +21.2% |
| Financial charges | 65/66B | €398 | €186 | -€212 | -53.4% |
| Recurring financial charges | 65 | €398 | €186 | -€212 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,158 | -€11,030 | +€3,128 | +22.1% |
| Profit (loss) for the period | 9904 | -€14,158 | -€11,030 | +€3,128 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,158 | -€11,030 | +€3,128 | +22.1% |
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 23 October 2026 via checked.be.