HALFINK: 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.
HALFINK
Largest movements
- Cash -€31,482
down €31,482 (-65.5%), from €48,074 to €16,592
mainly Receivables within one year (-€17,857) and Net result for the year (-€8,513)
- Receivables within one year +€17,857
up €17,857 (+286%), from €6,245 to €24,101
of which Trade receivables: +€21,305
- Profit (loss) carried forward -€8,513
down €8,513 (-259%), from -€3,290 to -€11,802
- Tax, wage and social debts -€5,139
down €5,139 (-49.4%), from €10,408 to €5,269
of which Remuneration and social security: -€8,378
- Trade debts -€763
down €763 (-41.2%), from €1,852 to €1,089
- Gross operating margin -€5,483
down €5,483 (-298%), from -€1,842 to -€7,325
- Depreciation +€246
up €246 (+87.7%), from €280 to €526
- Financial charges +€102
up €102 (+227%), from €45 to €147
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 | €56,668 | €42,517 | -€14,151 | -25.0% |
| Fixed assets | 21/28 | €2,349 | €1,823 | -€526 | -22.4% |
| Tangible fixed assets | 22/27 | €2,349 | €1,823 | -€526 | -22.4% |
| Furniture and vehicles | 24 | €2,349 | €1,823 | -€526 | -22.4% |
| Current assets | 29/58 | €54,319 | €40,694 | -€13,625 | -25.1% |
| Amounts receivable within one year | 40/41 | €6,245 | €24,101 | +€17,857 | +286% |
| Trade receivables | 40 | €2,791 | €24,096 | +€21,305 | +763% |
| Other amounts receivable | 41 | €3,454 | €6 | -€3,448 | -99.8% |
| Cash at bank and in hand | 54/58 | €48,074 | €16,592 | -€31,482 | -65.5% |
| Total equity and liabilities | 10/49 | €56,668 | €42,517 | -€14,151 | -25.0% |
| Equity | 10/15 | €29,770 | €21,258 | -€8,513 | -28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,290 | -€11,802 | -€8,513 | -259% |
| Amounts payable | 17/49 | €26,898 | €21,260 | -€5,638 | -21.0% |
| Amounts payable after more than one year | 17 | €14,638 | €14,502 | -€136 | -0.9% |
| Other amounts payable | 178/9 | €14,638 | €14,502 | -€136 | -0.9% |
| Amounts payable within one year | 42/48 | €12,260 | €6,358 | -€5,901 | -48.1% |
| Trade debts | 44 | €1,852 | €1,089 | -€763 | -41.2% |
| Suppliers | 440/4 | €1,852 | €1,089 | -€763 | -41.2% |
| Taxes, remuneration and social security | 45 | €10,408 | €5,269 | -€5,139 | -49.4% |
| Taxes | 450/3 | €317 | €3,557 | +€3,240 | +1,021% |
| Remuneration and social security | 454/9 | €10,091 | €1,712 | -€8,378 | -83.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €526 | +€246 | +87.7% |
| Other operating charges | 640/8 | €515 | €532 | +€17 | +3.4% |
| Gross operating margin | 9900 | -€1,842 | -€7,325 | -€5,483 | -298% |
| Operating profit (loss) | 9901 | -€2,637 | -€8,383 | -€5,746 | -218% |
| Financial income | 75/76B | €76 | €17 | -€59 | -77.1% |
| Recurring financial income | 75 | €76 | €17 | -€59 | -77.1% |
| Financial charges | 65/66B | €45 | €147 | +€102 | +227% |
| Recurring financial charges | 65 | €45 | €147 | +€102 | +227% |
| Profit (loss) for the period before taxes | 9903 | -€2,606 | -€8,513 | -€5,907 | -227% |
| Income taxes | 67/77 | €23 | €0 | -€23 | -100% |
| Profit (loss) for the period | 9904 | -€2,629 | -€8,513 | -€5,884 | -224% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,629 | -€8,513 | -€5,884 | -224% |
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 16 October 2026 via checked.be.