Halfuur: 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.
Halfuur
Largest movements
- Receivables within one year -€2,783
down €2,783 (-23.9%), from €11,649 to €8,866
of which Trade receivables: -€9,534
- Cash +€2,679
up €2,679 (+829.9%), from €323 to €3,002
mainly Net result for the year (+€5,227) and Receivables within one year (+€2,783)
- Tangible fixed assets -€840
down €840 (-34.3%), from €2,451 to €1,611
- Financial fixed assets +€250
new in 2025: €250
- Other debts -€5,827
no longer reported in 2025 (was €5,827)
- Reserves +€5,227
up €5,227 (+191.7%), from €2,727 to €7,954
- Trade debts -€2,225
down €2,225 (-48.7%), from €4,568 to €2,343
- Tax, wage and social debts +€2,131
up €2,131 (+266.2%), from €800 to €2,932
- Gross operating margin +€10,276
up €10,276 (+285.7%), from €3,597 to €13,874
- Other operating charges +€5,681
new in 2025: €5,681
- Taxes +€1,331
up €1,331 (+166.2%), from €800 to €2,131
- Depreciation +€770
up €770 (+1103.4%), from €70 to €840
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 | €14,422 | €13,729 | -€694 | -4.8% |
| Fixed assets | 21/28 | €2,451 | €1,861 | -€590 | -24.1% |
| Tangible fixed assets | 22/27 | €2,451 | €1,611 | -€840 | -34.3% |
| Plant, machinery and equipment | 23 | €2,451 | €1,611 | -€840 | -34.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €11,972 | €11,868 | -€103 | -0.9% |
| Amounts receivable within one year | 40/41 | €11,649 | €8,866 | -€2,783 | -23.9% |
| Trade receivables | 40 | €9,534 | - | -€9,534 | |
| Other amounts receivable | 41 | €2,115 | €8,866 | +€6,751 | +319.2% |
| Cash at bank and in hand | 54/58 | €323 | €3,002 | +€2,679 | +829.9% |
| Total equity and liabilities | 10/49 | €14,422 | €13,729 | -€694 | -4.8% |
| Equity | 10/15 | €3,227 | €8,454 | +€5,227 | +162.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €2,727 | €7,954 | +€5,227 | +191.7% |
| Distributable reserves | 133 | €2,727 | €7,954 | +€5,227 | +191.7% |
| Amounts payable | 17/49 | €11,195 | €5,274 | -€5,921 | -52.9% |
| Amounts payable within one year | 42/48 | €11,195 | €5,274 | -€5,921 | -52.9% |
| Trade debts | 44 | €4,568 | €2,343 | -€2,225 | -48.7% |
| Suppliers | 440/4 | €4,568 | €2,343 | -€2,225 | -48.7% |
| Taxes, remuneration and social security | 45 | €800 | €2,932 | +€2,131 | +266.2% |
| Taxes | 450/3 | €800 | €2,932 | +€2,131 | +266.2% |
| Other amounts payable | 47/48 | €5,827 | - | -€5,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €840 | +€770 | +1103.4% |
| Other operating charges | 640/8 | - | €5,681 | +€5,681 | |
| Gross operating margin | 9900 | €3,597 | €13,874 | +€10,276 | +285.7% |
| Operating profit (loss) | 9901 | €3,527 | €7,353 | +€3,825 | +108.4% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | - | €89 | +€89 | |
| Recurring financial charges | 65 | - | €89 | +€89 | |
| Profit (loss) for the period before taxes | 9903 | €3,527 | €7,359 | +€3,831 | +108.6% |
| Income taxes | 67/77 | €800 | €2,131 | +€1,331 | +166.2% |
| Profit (loss) for the period | 9904 | €2,727 | €5,227 | +€2,500 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €5,227 | +€2,500 | +91.7% |
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 12 October 2026 via checked.be.