HALICARNASSUS: 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.
HALICARNASSUS
Largest movements
- Tangible fixed assets +€126,811
up €126,811 (+4.6%), from €2.8m to €2.9m
- Debts after one year +€85,351
up €85,351 (+1.3%), from €6.4m to €6.5m
- Gross operating margin +€68,788
new in 2025: €68,788
- Taxes +€42,870
new in 2025: €42,870
- Other operating charges +€25,003
new in 2025: €25,003
- Financial income +€18,052
new in 2025: €18,052
From the 26-06-2025 result to the 31-12-2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Derived from the 26-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 26-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,702,880 | €4,851,389 | +€148,509 | +3.2% |
| Fixed assets | 21/28 | €2,771,250 | €2,898,061 | +€126,811 | +4.6% |
| Tangible fixed assets | 22/27 | €2,771,250 | €2,898,061 | +€126,811 | +4.6% |
| Land and buildings | 22 | €2,771,250 | €2,898,061 | +€126,811 | +4.6% |
| Current assets | 29/58 | €1,931,630 | €1,953,328 | +€21,698 | +1.1% |
| Amounts receivable within one year | 40/41 | €1,902,719 | €1,902,719 | -€0 | 0.0% |
| Other amounts receivable | 41 | €1,902,719 | €1,902,719 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €18,454 | €31,185 | +€12,731 | +69.0% |
| Deferred charges and accrued income | 490/1 | €10,457 | €19,424 | +€8,967 | +85.7% |
| Total equity and liabilities | 10/49 | €4,702,880 | €4,851,389 | +€148,509 | +3.2% |
| Equity | 10/15 | -€1,773,107 | -€1,754,626 | +€18,481 | +1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,823,107 | -€1,804,626 | +€18,481 | +1.0% |
| Amounts payable | 17/49 | €6,475,987 | €6,606,015 | +€130,028 | +2.0% |
| Amounts payable after more than one year | 17 | €6,428,998 | €6,514,349 | +€85,351 | +1.3% |
| Financial debts | 170/4 | €6,428,998 | €6,514,349 | +€85,351 | +1.3% |
| Other loans | 174 | €6,428,998 | - | -€6.4m | |
| Amounts payable within one year | 42/48 | - | €91,666 | +€91,666 | |
| Trade debts | 44 | €17,939 | €66,128 | +€48,189 | +268.6% |
| Suppliers | 440/4 | - | €66,128 | +€66,128 | |
| Taxes, remuneration and social security | 45 | - | €15,338 | +€15,338 | |
| Taxes | 450/3 | - | €15,338 | +€15,338 | |
| Other amounts payable | 47/48 | €10,200 | €10,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,850 | - | -€18,850 | |
| Other operating charges | 640/8 | - | €25,003 | +€25,003 | |
| Gross operating margin | 9900 | - | €68,788 | +€68,788 | |
| Operating profit (loss) | 9901 | - | €43,786 | +€43,786 | |
| Financial income | 75/76B | - | €18,052 | +€18,052 | |
| Recurring financial income | 75 | - | €18,052 | +€18,052 | |
| Financial charges | 65/66B | - | €486 | +€486 | |
| Recurring financial charges | 65 | - | €486 | +€486 | |
| Profit (loss) for the period before taxes | 9903 | - | €61,351 | +€61,351 | |
| Income taxes | 67/77 | - | €42,870 | +€42,870 | |
| Profit (loss) for the period | 9904 | - | €18,481 | +€18,481 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €18,481 | +€18,481 |
Source: filed annual accounts (NBB), fiscal years ended 26 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.