HALFEN: 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.
What changed
HALFEN
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €934,931+€185,392
Equity
€739,306
2024 · €7.1m-€6.4m
Cash
€15,040
2024 · €941+€14,099
Balance sheet total
€5.7m
2024 · €8.3m-€2.7m
Largest movements
Assets
- Receivables within one year -€3.2m
down €3.2m (-38.4%), from €8.3m to €5.1m
of which Other amounts receivable: -€3.5m
- Intangible fixed assets +€552,563
up €552,563 (+55984.1%), from €987 to €553,550
Equity and liabilities
- Profit (loss) carried forward -€6.3m
no longer reported in 2025 (was €6.3m)
- Other debts +€3.1m
new in 2025: €3.1m
- Trade debts +€632,903
up €632,903 (+106.3%), from €595,254 to €1.2m
- Accrued charges and deferred income +€94,281
up €94,281 (+355.2%), from €26,546 to €120,827
- Reserves -€92,639
down €92,639 (-27.9%), from €331,945 to €239,306
of which Distributable reserves: -€92,639
Income statement
- Turnover +€384,267
up €384,267 (+5.3%), from €7.2m to €7.6m
- Goods and materials -€248,231
down €248,231 (-5.8%), from €4.3m to €4.1m
- Taxes +€175,071
up €175,071 (+52.3%), from €334,734 to €509,805
- Financial income -€168,046
down €168,046 (-46.4%), from €362,254 to €194,208
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.
Result 2024
€934,931
Turnover
+€384,267
Other operating income
-€12,398
Goods and materials
+€248,231
Services and other goods
-€62,754
Staff costs
-€25,757
Depreciation
-€11,931
Other operating charges
+€1,469
Other operating items
+€9,300
Financial income
-€168,046
Financial charges
-€1,918
Taxes
-€175,071
Result 2025
€1.1m
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.
From operations
+€8.1m
Investment
-€568,338
Financing
-€7.5m
Cash 2024
€941
From operations (derived)
+€8.1m
Net result for the year
+€1.1m
Depreciation
+€21,050
Receivables within one year
+€3.2m
Deferred charges and accrued income
+€41,241
Trade debts
+€632,903
Tax, wage and social debts
-€51,746
Other debts
+€3.1m
Accrued charges and deferred income
+€94,281
Investment (derived)
-€568,338
Investment in fixed assets (net)
-€568,338
Financing
-€7.5m
Contributions, distributions and other
-€7.5m
Cash 2025
€15,040
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,332,578 | €5,680,407 | -€2.7m | -31.8% |
| Fixed assets | 21/28 | €30,102 | €577,390 | +€547,288 | +1818.1% |
| Intangible fixed assets | 21 | €987 | €553,550 | +€552,563 | +55984.1% |
| Tangible fixed assets | 22/27 | €29,031 | €23,046 | -€5,985 | -20.6% |
| Land and buildings | 22 | €9,848 | €7,648 | -€2,200 | -22.3% |
| Plant, machinery and equipment | 23 | €7,538 | €6,634 | -€904 | -12.0% |
| Furniture and vehicles | 24 | €11,645 | €8,764 | -€2,881 | -24.7% |
| Financial fixed assets | 28 | €84 | €794 | +€710 | +845.2% |
| Other financial fixed assets | 284/8 | €84 | €794 | +€710 | +845.2% |
| Amounts receivable and cash guarantees | 285/8 | €84 | €794 | +€710 | +845.2% |
| Current assets | 29/58 | €8,302,476 | €5,103,017 | -€3.2m | -38.5% |
| Amounts receivable within one year | 40/41 | €8,257,068 | €5,084,751 | -€3.2m | -38.4% |
| Trade receivables | 40 | €1,176,907 | €1,464,628 | +€287,721 | +24.4% |
| Other amounts receivable | 41 | €7,080,161 | €3,620,123 | -€3.5m | -48.9% |
| Cash at bank and in hand | 54/58 | €941 | €15,040 | +€14,099 | +1498.3% |
| Deferred charges and accrued income | 490/1 | €44,467 | €3,226 | -€41,241 | -92.7% |
| Total equity and liabilities | 10/49 | €8,332,578 | €5,680,407 | -€2.7m | -31.8% |
| Equity | 10/15 | €7,118,983 | €739,306 | -€6.4m | -89.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €331,945 | €239,306 | -€92,639 | -27.9% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,000 | €43,000 | = | 0.0% |
| Distributable reserves | 133 | €238,945 | €146,306 | -€92,639 | -38.8% |
| Profit (loss) carried forward | 14 | €6,287,038 | - | -€6.3m | |
| Amounts payable | 17/49 | €1,213,595 | €4,941,101 | +€3.7m | +307.1% |
| Amounts payable within one year | 42/48 | €1,187,049 | €4,820,274 | +€3.6m | +306.1% |
| Trade debts | 44 | €595,254 | €1,228,157 | +€632,903 | +106.3% |
| Suppliers | 440/4 | €595,254 | €1,228,157 | +€632,903 | +106.3% |
| Taxes, remuneration and social security | 45 | €591,795 | €540,049 | -€51,746 | -8.7% |
| Taxes | 450/3 | €359,091 | €194,792 | -€164,299 | -45.8% |
| Remuneration and social security | 454/9 | €232,704 | €345,257 | +€112,553 | +48.4% |
| Other amounts payable | 47/48 | - | €3,052,068 | +€3.1m | |
| Accrued charges and deferred income | 492/3 | €26,546 | €120,827 | +€94,281 | +355.2% |
| Operating income | 70/76A | €7,568,571 | €7,956,581 | +€388,010 | +5.1% |
| Turnover | 70 | €7,241,309 | €7,625,576 | +€384,267 | +5.3% |
| Other operating income | 74 | €327,262 | €314,864 | -€12,398 | -3.8% |
| Non-recurring operating income | 76A | - | €16,141 | +€16,141 | |
| Operating charges | 60/66A | €6,658,430 | €6,516,013 | -€142,417 | -2.1% |
| Goods for resale, raw materials and consumables | 60 | €4,313,412 | €4,065,181 | -€248,231 | -5.8% |
| Purchases | 600/8 | €4,313,412 | €4,065,181 | -€248,231 | -5.8% |
| Services and other goods | 61 | €1,271,711 | €1,334,465 | +€62,754 | +4.9% |
| Remuneration, social security and pensions | 62 | €1,058,184 | €1,083,941 | +€25,757 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €21,050 | +€11,931 | +130.8% |
| Other operating charges | 640/8 | €6,004 | €4,535 | -€1,469 | -24.5% |
| Non-recurring operating charges | 66A | - | €6,841 | +€6,841 | |
| Operating profit (loss) | 9901 | €910,141 | €1,440,568 | +€530,427 | +58.3% |
| Financial income | 75/76B | €362,254 | €194,208 | -€168,046 | -46.4% |
| Recurring financial income | 75 | €362,254 | €194,208 | -€168,046 | -46.4% |
| Income from current assets | 751 | €319,615 | €193,939 | -€125,676 | -39.3% |
| Other financial income | 752/9 | €42,639 | €269 | -€42,370 | -99.4% |
| Financial charges | 65/66B | €2,730 | €4,648 | +€1,918 | +70.3% |
| Recurring financial charges | 65 | €2,730 | €4,648 | +€1,918 | +70.3% |
| Other financial charges | 652/9 | €2,730 | €4,648 | +€1,918 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €1,269,665 | €1,630,128 | +€360,463 | +28.4% |
| Income taxes | 67/77 | €334,734 | €509,805 | +€175,071 | +52.3% |
| Taxes | 670/3 | €334,734 | €509,805 | +€175,071 | +52.3% |
| Profit (loss) for the period | 9904 | €934,931 | €1,120,323 | +€185,392 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €934,931 | €1,120,323 | +€185,392 | +19.8% |
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 2 October 2026 via checked.be.