HALZEBATZ: 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.
HALZEBATZ
Largest movements
- Cash +€1,562
up €1,562 (+2511.2%), from €62 to €1,625
mainly Other debts (+€3,075) and Depreciation (+€520)
- Receivables within one year +€449
up €449 (+10.0%), from €4,475 to €4,924
- Formation expenses -€385
down €385 (-54.7%), from €704 to €319
- Intangible fixed assets -€135
down €135 (-69.9%), from €193 to €58
- Other debts +€3,075
up €3,075 (+81.6%), from €3,770 to €6,845
- Profit (loss) carried forward -€1,964
down €1,964 (-10.4%), from -€18,845 to -€20,809
- Trade debts +€381
up €381 (+774.8%), from €49 to €430
- Gross operating margin -€447
down €447 (-61.3%), from -€729 to -€1,176
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
- Financial income -€12
down €12 (-5.3%), from €231 to €218
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 | €5,434 | €6,926 | +€1,491 | +27.4% |
| Formation expenses | 20 | €704 | €319 | -€385 | -54.7% |
| Fixed assets | 21/28 | €193 | €58 | -€135 | -69.9% |
| Intangible fixed assets | 21 | €193 | €58 | -€135 | -69.9% |
| Current assets | 29/58 | €4,537 | €6,549 | +€2,012 | +44.3% |
| Amounts receivable within one year | 40/41 | €4,475 | €4,924 | +€449 | +10.0% |
| Other amounts receivable | 41 | €4,475 | €4,924 | +€449 | +10.0% |
| Cash at bank and in hand | 54/58 | €62 | €1,625 | +€1,562 | +2511.2% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €5,434 | €6,926 | +€1,491 | +27.4% |
| Equity | 10/15 | €1,615 | -€349 | -€1,964 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Financial assistance | 1313 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,845 | -€20,809 | -€1,964 | -10.4% |
| Amounts payable | 17/49 | €3,820 | €7,275 | +€3,456 | +90.5% |
| Amounts payable within one year | 42/48 | €3,820 | €7,275 | +€3,456 | +90.5% |
| Trade debts | 44 | €49 | €430 | +€381 | +774.8% |
| Suppliers | 440/4 | €49 | €430 | +€381 | +774.8% |
| Other amounts payable | 47/48 | €3,770 | €6,845 | +€3,075 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €520 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€729 | -€1,176 | -€447 | -61.3% |
| Operating profit (loss) | 9901 | -€1,637 | -€2,096 | -€459 | -28.1% |
| Financial income | 75/76B | €231 | €218 | -€12 | -5.3% |
| Recurring financial income | 75 | €231 | €218 | -€12 | -5.3% |
| Financial charges | 65/66B | €85 | €86 | +€1 | +1.6% |
| Recurring financial charges | 65 | €85 | €86 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,491 | -€1,964 | -€473 | -31.7% |
| Profit (loss) for the period | 9904 | -€1,491 | -€1,964 | -€473 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,491 | -€1,964 | -€473 | -31.7% |
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 10 October 2026 via checked.be.