Halfin Electronics: 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.
Halfin Electronics
Largest movements
- Receivables within one year -€70,136
down €70,136 (-21.0%), from €334,387 to €264,252
of which Trade receivables: -€70,963
- Cash -€59,112
down €59,112 (-12.9%), from €457,734 to €398,622
mainly Net result for the year (-€65,879) and Trade debts (-€48,327)
- Profit (loss) carried forward -€65,879
new in 2025: -€65,879
- Trade debts -€48,327
down €48,327 (-25.5%), from €189,324 to €140,997
- Tax, wage and social debts -€26,381
down €26,381 (-30.7%), from €85,856 to €59,475
of which Taxes: -€18,182
- Gross operating margin -€103,487
down €103,487 (-25.0%), from €413,194 to €309,707
- Staff costs -€20,108
down €20,108 (-5.6%), from €359,094 to €338,986
- Write-downs -€11,455
down €11,455 (-30.5%), from €37,609 to €26,154
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 | €978,302 | €842,049 | -€136,253 | -13.9% |
| Fixed assets | 21/28 | €26,288 | €21,296 | -€4,992 | -19.0% |
| Tangible fixed assets | 22/27 | €9,396 | €4,404 | -€4,992 | -53.1% |
| Plant, machinery and equipment | 23 | €5,013 | €2,900 | -€2,113 | -42.2% |
| Furniture and vehicles | 24 | €4,383 | €1,504 | -€2,879 | -65.7% |
| Financial fixed assets | 28 | €16,892 | €16,892 | = | 0.0% |
| Current assets | 29/58 | €952,014 | €820,753 | -€131,261 | -13.8% |
| Stocks and contracts in progress | 3 | €151,243 | €146,484 | -€4,759 | -3.1% |
| Stocks | 30/36 | €151,243 | €146,484 | -€4,759 | -3.1% |
| Amounts receivable within one year | 40/41 | €334,387 | €264,252 | -€70,136 | -21.0% |
| Trade receivables | 40 | €334,387 | €263,424 | -€70,963 | -21.2% |
| Other amounts receivable | 41 | - | €828 | +€828 | |
| Cash at bank and in hand | 54/58 | €457,734 | €398,622 | -€59,112 | -12.9% |
| Deferred charges and accrued income | 490/1 | €8,650 | €11,395 | +€2,745 | +31.7% |
| Total equity and liabilities | 10/49 | €978,302 | €842,049 | -€136,253 | -13.9% |
| Equity | 10/15 | €691,392 | €625,512 | -€65,879 | -9.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €567,445 | €567,445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €555,050 | €555,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€65,879 | -€65,879 | |
| Amounts payable | 17/49 | €286,910 | €216,536 | -€70,374 | -24.5% |
| Amounts payable within one year | 42/48 | €275,180 | €201,247 | -€73,933 | -26.9% |
| Trade debts | 44 | €189,324 | €140,997 | -€48,327 | -25.5% |
| Suppliers | 440/4 | €189,324 | €140,997 | -€48,327 | -25.5% |
| Advances received on contracts in progress | 46 | - | €775 | +€775 | |
| Taxes, remuneration and social security | 45 | €85,856 | €59,475 | -€26,381 | -30.7% |
| Taxes | 450/3 | €22,509 | €4,327 | -€18,182 | -80.8% |
| Remuneration and social security | 454/9 | €63,347 | €55,148 | -€8,199 | -12.9% |
| Accrued charges and deferred income | 492/3 | €11,730 | €15,289 | +€3,559 | +30.3% |
| Remuneration, social security and pensions | 62 | €359,094 | €338,986 | -€20,108 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,640 | €4,992 | +€1,352 | +37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,609 | €26,154 | -€11,455 | -30.5% |
| Other operating charges | 640/8 | €417 | €387 | -€30 | -7.1% |
| Gross operating margin | 9900 | €413,194 | €309,707 | -€103,487 | -25.0% |
| Operating profit (loss) | 9901 | €12,434 | -€60,812 | -€73,247 | |
| Financial income | 75/76B | €1,752 | €1,109 | -€642 | -36.7% |
| Recurring financial income | 75 | €1,752 | €1,109 | -€642 | -36.7% |
| Financial charges | 65/66B | €7,395 | €6,176 | -€1,219 | -16.5% |
| Recurring financial charges | 65 | €7,395 | €6,176 | -€1,219 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €6,791 | -€65,879 | -€72,670 | |
| Income taxes | 67/77 | €3,722 | - | -€3,722 | |
| Profit (loss) for the period | 9904 | €3,068 | -€65,879 | -€68,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,068 | -€65,879 | -€68,947 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.