AANNEMINGEN VAN HAL: 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.
AANNEMINGEN VAN HAL
Largest movements
- Tangible fixed assets -€48,898
down €48,898 (-14.5%), from €337,128 to €288,231
- Receivables within one year -€15,296
down €15,296 (-20.1%), from €76,128 to €60,832
of which Other amounts receivable: -€16,983
- Profit (loss) carried forward -€37,501
down €37,501, from €35,523 to -€1,979
- Debts after one year -€35,728
down €35,728 (-16.2%), from €219,911 to €184,183
- Trade debts +€18,021
up €18,021 (+165%), from €10,934 to €28,954
- Short-term financial debts -€8,905
down €8,905 (-30.9%), from €28,804 to €19,898
- Current portion of long-term debt -€5,666
down €5,666 (-13.7%), from €41,393 to €35,728
- Other operating charges +€27,819
up €27,819 (+184%), from €15,159 to €42,978
- Depreciation -€5,400
down €5,400 (-10.2%), from €52,827 to €47,427
- Gross operating margin +€5,269
up €5,269 (+8.4%), from €63,100 to €68,369
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 | €417,121 | €354,333 | -€62,789 | -15.1% |
| Fixed assets | 21/28 | €337,178 | €288,231 | -€48,948 | -14.5% |
| Tangible fixed assets | 22/27 | €337,128 | €288,231 | -€48,898 | -14.5% |
| Land and buildings | 22 | €305,283 | €281,565 | -€23,718 | -7.8% |
| Plant, machinery and equipment | 23 | €2,326 | €1,371 | -€956 | -41.1% |
| Furniture and vehicles | 24 | €29,519 | €5,295 | -€24,224 | -82.1% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €79,943 | €66,102 | -€13,841 | -17.3% |
| Amounts receivable within one year | 40/41 | €76,128 | €60,832 | -€15,296 | -20.1% |
| Trade receivables | 40 | €53,690 | €55,377 | +€1,687 | +3.1% |
| Other amounts receivable | 41 | €22,438 | €5,455 | -€16,983 | -75.7% |
| Cash at bank and in hand | 54/58 | €355 | €66 | -€289 | -81.5% |
| Deferred charges and accrued income | 490/1 | €3,460 | €5,204 | +€1,744 | +50.4% |
| Total equity and liabilities | 10/49 | €417,121 | €354,333 | -€62,789 | -15.1% |
| Equity | 10/15 | €115,196 | €77,694 | -€37,501 | -32.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,673 | €74,673 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,459 | €18,459 | = | 0.0% |
| Distributable reserves | 133 | €53,116 | €53,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,523 | -€1,979 | -€37,501 | |
| Amounts payable | 17/49 | €301,926 | €276,638 | -€25,287 | -8.4% |
| Amounts payable after more than one year | 17 | €219,911 | €184,183 | -€35,728 | -16.2% |
| Financial debts | 170/4 | €219,911 | €184,183 | -€35,728 | -16.2% |
| Amounts payable within one year | 42/48 | €82,015 | €92,429 | +€10,414 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €41,393 | €35,728 | -€5,666 | -13.7% |
| Financial debts | 43 | €28,804 | €19,898 | -€8,905 | -30.9% |
| Credit institutions | 430/8 | €28,804 | €19,898 | -€8,905 | -30.9% |
| Trade debts | 44 | €10,934 | €28,954 | +€18,021 | +165% |
| Suppliers | 440/4 | €10,934 | €28,954 | +€18,021 | +165% |
| Taxes, remuneration and social security | 45 | - | €2,122 | +€2,122 | |
| Taxes | 450/3 | - | €112 | +€112 | |
| Remuneration and social security | 454/9 | - | €2,010 | +€2,010 | |
| Other amounts payable | 47/48 | €884 | €5,727 | +€4,843 | +548% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | - | €3,730 | +€3,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,827 | €47,427 | -€5,400 | -10.2% |
| Other operating charges | 640/8 | €15,159 | €42,978 | +€27,819 | +184% |
| Gross operating margin | 9900 | €63,100 | €68,369 | +€5,269 | +8.4% |
| Operating profit (loss) | 9901 | -€4,885 | -€22,036 | -€17,150 | -351% |
| Financial charges | 65/66B | €14,615 | €15,088 | +€473 | +3.2% |
| Recurring financial charges | 65 | €14,088 | €15,088 | +€1,000 | +7.1% |
| Non-recurring financial charges | 66B | €527 | - | -€527 | |
| Profit (loss) for the period before taxes | 9903 | -€19,500 | -€37,124 | -€17,623 | -90.4% |
| Income taxes | 67/77 | - | €377 | +€377 | |
| Profit (loss) for the period | 9904 | -€19,500 | -€37,501 | -€18,001 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,500 | -€37,501 | -€18,001 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.