HALF ZEVEN: 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 ZEVEN
Largest movements
- Receivables within one year -€7,524
down €7,524 (-33.3%), from €22,590 to €15,066
of which Trade receivables: -€6,209
- Tangible fixed assets -€6,027
down €6,027 (-44.3%), from €13,591 to €7,563
of which Furniture and vehicles: -€4,478
- Cash +€5,505
up €5,505 (+13.7%), from €40,134 to €45,639
mainly Receivables within one year (+€7,524) and Depreciation (+€6,148)
- Profit (loss) carried forward -€6,381
down €6,381 (-29.6%), from -€21,559 to -€27,940
- Trade debts -€3,058
down €3,058 (-95.1%), from €3,216 to €158
- Other debts +€1,801
up €1,801 (+3.6%), from €50,353 to €52,154
- Gross operating margin -€2,393
down €2,393 (-77.1%), from €3,105 to €712
- Depreciation +€121
up €121 (+2.0%), from €6,027 to €6,148
- Financial charges +€39
up €39 (+91.3%), from €42 to €81
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 | €133,097 | €125,460 | -€7,637 | -5.7% |
| Fixed assets | 21/28 | €13,591 | €8,493 | -€5,098 | -37.5% |
| Intangible fixed assets | 21 | - | €929 | +€929 | |
| Tangible fixed assets | 22/27 | €13,591 | €7,563 | -€6,027 | -44.3% |
| Plant, machinery and equipment | 23 | €2,103 | €554 | -€1,549 | -73.7% |
| Furniture and vehicles | 24 | €11,488 | €7,010 | -€4,478 | -39.0% |
| Current assets | 29/58 | €119,506 | €116,967 | -€2,539 | -2.1% |
| Stocks and contracts in progress | 3 | €55,670 | €55,128 | -€541 | -1.0% |
| Stocks | 30/36 | €55,670 | €55,128 | -€541 | -1.0% |
| Amounts receivable within one year | 40/41 | €22,590 | €15,066 | -€7,524 | -33.3% |
| Trade receivables | 40 | €16,733 | €10,523 | -€6,209 | -37.1% |
| Other amounts receivable | 41 | €5,857 | €4,543 | -€1,314 | -22.4% |
| Cash at bank and in hand | 54/58 | €40,134 | €45,639 | +€5,505 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,112 | €1,133 | +€21 | +1.9% |
| Total equity and liabilities | 10/49 | €133,097 | €125,460 | -€7,637 | -5.7% |
| Equity | 10/15 | €79,528 | €73,147 | -€6,381 | -8.0% |
| Contributions | 10/11 | €96,000 | €96,000 | = | 0.0% |
| Reserves | 13 | €5,087 | €5,087 | = | 0.0% |
| Distributable reserves | 133 | €5,087 | €5,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,559 | -€27,940 | -€6,381 | -29.6% |
| Amounts payable | 17/49 | €53,569 | €52,312 | -€1,256 | -2.3% |
| Amounts payable within one year | 42/48 | €53,569 | €52,312 | -€1,256 | -2.3% |
| Trade debts | 44 | €3,216 | €158 | -€3,058 | -95.1% |
| Suppliers | 440/4 | €3,216 | €158 | -€3,058 | -95.1% |
| Other amounts payable | 47/48 | €50,353 | €52,154 | +€1,801 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,027 | €6,148 | +€121 | +2.0% |
| Other operating charges | 640/8 | €842 | €863 | +€21 | +2.5% |
| Gross operating margin | 9900 | €3,105 | €712 | -€2,393 | -77.1% |
| Operating profit (loss) | 9901 | -€3,764 | -€6,300 | -€2,535 | -67.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €42 | €81 | +€39 | +91.3% |
| Recurring financial charges | 65 | €42 | €81 | +€39 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,797 | -€6,381 | -€2,584 | -68.0% |
| Profit (loss) for the period | 9904 | -€3,797 | -€6,381 | -€2,584 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,797 | -€6,381 | -€2,584 | -68.0% |
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 21 October 2026 via checked.be.