HALFFMANE: 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.
HALFFMANE
Largest movements
- Tangible fixed assets -€36,183
down €36,183 (-4.9%), from €733,893 to €697,711
- Cash +€12,318
up €12,318 (+163.9%), from €7,517 to €19,835
mainly Depreciation (+€44,193) and Other debts (+€4,647)
- Trade debts -€16,943
down €16,943 (-52.4%), from €32,308 to €15,365
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt -€8,886
down €8,886 (-82.8%), from €10,729 to €1,843
- Gross operating margin +€42,373
up €42,373 (+177.0%), from €23,940 to €66,313
- Write-downs +€4,365
new in 2025: €4,365
- Financial charges -€1,050
down €1,050 (-20.1%), from €5,233 to €4,183
- Depreciation -€1,008
down €1,008 (-2.2%), from €45,201 to €44,193
- Other operating charges -€977
down €977 (-9.3%), from €10,505 to €9,528
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 | €761,734 | €732,799 | -€28,934 | -3.8% |
| Fixed assets | 21/28 | €733,893 | €697,711 | -€36,183 | -4.9% |
| Tangible fixed assets | 22/27 | €733,893 | €697,711 | -€36,183 | -4.9% |
| Land and buildings | 22 | €733,893 | €697,711 | -€36,183 | -4.9% |
| Current assets | 29/58 | €27,840 | €35,089 | +€7,249 | +26.0% |
| Amounts receivable within one year | 40/41 | €15,085 | €12,935 | -€2,150 | -14.3% |
| Trade receivables | 40 | €15,085 | €1,387 | -€13,698 | -90.8% |
| Other amounts receivable | 41 | - | €11,547 | +€11,547 | |
| Cash at bank and in hand | 54/58 | €7,517 | €19,835 | +€12,318 | +163.9% |
| Deferred charges and accrued income | 490/1 | €5,238 | €2,319 | -€2,919 | -55.7% |
| Total equity and liabilities | 10/49 | €761,734 | €732,799 | -€28,934 | -3.8% |
| Equity | 10/15 | €600,351 | €604,441 | +€4,091 | +0.7% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €50,351 | €54,441 | +€4,091 | +8.1% |
| Distributable reserves | 133 | €50,351 | €54,441 | +€4,091 | +8.1% |
| Amounts payable | 17/49 | €161,383 | €128,358 | -€33,025 | -20.5% |
| Amounts payable after more than one year | 17 | €1,843 | - | -€1,843 | |
| Financial debts | 170/4 | €1,843 | - | -€1,843 | |
| Amounts payable within one year | 42/48 | €149,540 | €128,358 | -€21,182 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €10,729 | €1,843 | -€8,886 | -82.8% |
| Trade debts | 44 | €32,308 | €15,365 | -€16,943 | -52.4% |
| Suppliers | 440/4 | €32,308 | €15,365 | -€16,943 | -52.4% |
| Other amounts payable | 47/48 | €106,503 | €111,150 | +€4,647 | +4.4% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Non-recurring operating income | 76A | - | €10,081 | +€10,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,201 | €44,193 | -€1,008 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,365 | +€4,365 | |
| Other operating charges | 640/8 | €10,505 | €9,528 | -€977 | -9.3% |
| Gross operating margin | 9900 | €23,940 | €66,313 | +€42,373 | +177.0% |
| Operating profit (loss) | 9901 | -€31,766 | €8,226 | +€39,993 | |
| Financial income | 75/76B | €3 | €47 | +€44 | +1349.7% |
| Recurring financial income | 75 | €3 | €47 | +€44 | +1349.7% |
| Financial charges | 65/66B | €5,233 | €4,183 | -€1,050 | -20.1% |
| Recurring financial charges | 65 | €5,233 | €4,183 | -€1,050 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,996 | €4,091 | +€41,087 | |
| Profit (loss) for the period | 9904 | -€36,996 | €4,091 | +€41,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,996 | €4,091 | +€41,087 |
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 1 October 2026 via checked.be.