HALFA Immo: 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.
HALFA Immo
Largest movements
- Tangible fixed assets -€9,664
down €9,664 (-4.5%), from €212,699 to €203,035
of which Plant, machinery and equipment: -€27,353
- Other debts -€14,000
down €14,000 (-8.2%), from €169,765 to €155,765
- Profit (loss) carried forward +€6,115
up €6,115 (+18.8%), from -€32,451 to -€26,336
- Gross operating margin +€4,897
up €4,897 (+39.1%), from €12,541 to €17,438
- Depreciation +€1,068
up €1,068 (+12.4%), from €8,596 to €9,664
- Other operating charges -€337
down €337 (-17.1%), from €1,973 to €1,636
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 | €289,114 | €281,229 | -€7,885 | -2.7% |
| Fixed assets | 21/28 | €212,699 | €203,035 | -€9,664 | -4.5% |
| Tangible fixed assets | 22/27 | €212,699 | €203,035 | -€9,664 | -4.5% |
| Land and buildings | 22 | €185,346 | €203,035 | +€17,689 | +9.5% |
| Plant, machinery and equipment | 23 | €27,353 | - | -€27,353 | |
| Current assets | 29/58 | €76,415 | €78,194 | +€1,779 | +2.3% |
| Amounts receivable within one year | 40/41 | €74,377 | €75,027 | +€650 | +0.9% |
| Trade receivables | 40 | €650 | €1,300 | +€650 | +100.0% |
| Other amounts receivable | 41 | €73,727 | €73,727 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,168 | €2,289 | +€1,121 | +96.0% |
| Deferred charges and accrued income | 490/1 | €870 | €878 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €289,114 | €281,229 | -€7,885 | -2.7% |
| Equity | 10/15 | €117,549 | €123,664 | +€6,115 | +5.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,451 | -€26,336 | +€6,115 | +18.8% |
| Amounts payable | 17/49 | €171,565 | €157,565 | -€14,000 | -8.2% |
| Amounts payable within one year | 42/48 | €171,565 | €157,565 | -€14,000 | -8.2% |
| Advances received on contracts in progress | 46 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €169,765 | €155,765 | -€14,000 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,596 | €9,664 | +€1,068 | +12.4% |
| Other operating charges | 640/8 | €1,973 | €1,636 | -€337 | -17.1% |
| Gross operating margin | 9900 | €12,541 | €17,438 | +€4,897 | +39.1% |
| Operating profit (loss) | 9901 | €1,972 | €6,138 | +€4,166 | +211.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,948 | €6,115 | +€4,167 | +213.9% |
| Profit (loss) for the period | 9904 | €1,948 | €6,115 | +€4,167 | +213.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,948 | €6,115 | +€4,167 | +213.9% |
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 5 October 2026 via checked.be.