Halfweg: 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.
Halfweg
Largest movements
- Receivables within one year -€8,105
down €8,105 (-64.5%), from €12,567 to €4,462
of which Trade receivables: -€8,246
- Tangible fixed assets +€6,868
up €6,868 (+13.2%), from €52,006 to €58,874
of which Other tangible fixed assets: +€7,839
- Cash -€5,319
down €5,319 (-100.0%), from €5,319 to €0
mainly Investment in fixed assets (net) (-€23,217) and Debts after one year (-€17,178)
- Other debts +€33,597
up €33,597 (+1088.3%), from €3,087 to €36,684
- Debts after one year -€17,178
down €17,178 (-37.2%), from €46,131 to €28,953
- Short-term financial debts -€12,841
down €12,841 (-28.8%), from €44,575 to €31,734
- Current portion of long-term debt -€4,671
down €4,671 (-21.4%), from €21,849 to €17,178
- Tax, wage and social debts -€4,040
down €4,040 (-87.5%), from €4,616 to €576
- Gross operating margin +€28,837
up €28,837, from -€983 to €27,854
- Other operating charges -€7,635
down €7,635 (-85.5%), from €8,932 to €1,298
- Financial charges +€788
up €788 (+9.8%), from €8,069 to €8,857
- Depreciation +€324
up €324 (+2.2%), from €14,784 to €15,107
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 | €145,186 | €139,638 | -€5,549 | -3.8% |
| Fixed assets | 21/28 | €52,206 | €60,315 | +€8,109 | +15.5% |
| Intangible fixed assets | 21 | €0 | €1,241 | +€1,241 | |
| Tangible fixed assets | 22/27 | €52,006 | €58,874 | +€6,868 | +13.2% |
| Plant, machinery and equipment | 23 | €5,492 | €11,750 | +€6,258 | +113.9% |
| Furniture and vehicles | 24 | €29,914 | €22,685 | -€7,229 | -24.2% |
| Other tangible fixed assets | 26 | €16,600 | €24,439 | +€7,839 | +47.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €92,980 | €79,322 | -€13,658 | -14.7% |
| Stocks and contracts in progress | 3 | €74,844 | €74,844 | = | 0.0% |
| Stocks | 30/36 | €74,844 | €74,844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,567 | €4,462 | -€8,105 | -64.5% |
| Trade receivables | 40 | €12,567 | €4,321 | -€8,246 | -65.6% |
| Other amounts receivable | 41 | €0 | €141 | +€141 | |
| Cash at bank and in hand | 54/58 | €5,319 | €0 | -€5,319 | -100.0% |
| Deferred charges and accrued income | 490/1 | €250 | €16 | -€234 | -93.7% |
| Total equity and liabilities | 10/49 | €145,186 | €139,638 | -€5,549 | -3.8% |
| Equity | 10/15 | €19,799 | €22,620 | +€2,821 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €174,172 | €174,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €46,780 | €46,780 | = | 0.0% |
| Distributable reserves | 133 | €127,392 | €127,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,373 | -€171,552 | +€2,821 | +1.6% |
| Amounts payable | 17/49 | €125,387 | €117,018 | -€8,370 | -6.7% |
| Amounts payable after more than one year | 17 | €46,131 | €28,953 | -€17,178 | -37.2% |
| Financial debts | 170/4 | €46,131 | €28,953 | -€17,178 | -37.2% |
| Amounts payable within one year | 42/48 | €78,856 | €87,182 | +€8,325 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €21,849 | €17,178 | -€4,671 | -21.4% |
| Financial debts | 43 | €44,575 | €31,734 | -€12,841 | -28.8% |
| Credit institutions | 430/8 | €44,575 | €31,734 | -€12,841 | -28.8% |
| Trade debts | 44 | €4,729 | €1,009 | -€3,720 | -78.7% |
| Suppliers | 440/4 | €4,729 | €1,009 | -€3,720 | -78.7% |
| Taxes, remuneration and social security | 45 | €4,616 | €576 | -€4,040 | -87.5% |
| Taxes | 450/3 | €4,616 | €576 | -€4,040 | -87.5% |
| Other amounts payable | 47/48 | €3,087 | €36,684 | +€33,597 | +1088.3% |
| Accrued charges and deferred income | 492/3 | €400 | €883 | +€483 | +120.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,784 | €15,107 | +€324 | +2.2% |
| Other operating charges | 640/8 | €8,932 | €1,298 | -€7,635 | -85.5% |
| Gross operating margin | 9900 | -€983 | €27,854 | +€28,837 | |
| Operating profit (loss) | 9901 | -€24,699 | €11,449 | +€36,148 | |
| Financial income | 75/76B | - | €229 | +€229 | |
| Recurring financial income | 75 | - | €229 | +€229 | |
| Financial charges | 65/66B | €8,069 | €8,857 | +€788 | +9.8% |
| Recurring financial charges | 65 | €8,069 | €8,857 | +€788 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,767 | €2,821 | +€35,588 | |
| Profit (loss) for the period | 9904 | -€32,767 | €2,821 | +€35,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,767 | €2,821 | +€35,588 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.