GRONDWERKEN HALLAERT: 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.
GRONDWERKEN HALLAERT
Largest movements
- Cash +€56,066
up €56,066 (+362%), from €15,474 to €71,539
mainly Net result for the year (+€29,802) and Depreciation (+€16,704)
- Tangible fixed assets -€16,704
down €16,704 (-24.6%), from €67,846 to €51,142
of which Furniture and vehicles: -€14,115
- Receivables within one year -€16,047
down €16,047 (-30.6%), from €52,398 to €36,351
of which Other amounts receivable: -€9,648
- Reserves +€29,750
new in 2025: €29,750
- Profit (loss) carried forward -€9,948
down €9,948 (-8.1%), from €123,431 to €113,482
- Tax, wage and social debts +€4,645
up €4,645 (+77.8%), from €5,973 to €10,619
of which Taxes: +€4,645
- Gross operating margin +€19,703
up €19,703 (+43.0%), from €45,861 to €65,564
- Taxes +€8,934
up €8,934 (+114%), from €7,848 to €16,782
- Depreciation +€6,434
up €6,434 (+62.6%), from €10,270 to €16,704
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 | €138,400 | €161,806 | +€23,406 | +16.9% |
| Fixed assets | 21/28 | €67,846 | €51,142 | -€16,704 | -24.6% |
| Tangible fixed assets | 22/27 | €67,846 | €51,142 | -€16,704 | -24.6% |
| Plant, machinery and equipment | 23 | €7,035 | €5,125 | -€1,911 | -27.2% |
| Furniture and vehicles | 24 | €55,303 | €41,188 | -€14,115 | -25.5% |
| Other tangible fixed assets | 26 | €5,508 | €4,830 | -€678 | -12.3% |
| Current assets | 29/58 | €70,554 | €110,664 | +€40,110 | +56.9% |
| Amounts receivable within one year | 40/41 | €52,398 | €36,351 | -€16,047 | -30.6% |
| Trade receivables | 40 | €41,019 | €34,620 | -€6,399 | -15.6% |
| Other amounts receivable | 41 | €11,379 | €1,731 | -€9,648 | -84.8% |
| Cash at bank and in hand | 54/58 | €15,474 | €71,539 | +€56,066 | +362% |
| Deferred charges and accrued income | 490/1 | €2,682 | €2,773 | +€91 | +3.4% |
| Total equity and liabilities | 10/49 | €138,400 | €161,806 | +€23,406 | +16.9% |
| Equity | 10/15 | €126,431 | €146,232 | +€19,802 | +15.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €29,750 | +€29,750 | |
| Distributable reserves | 133 | - | €29,750 | +€29,750 | |
| Profit (loss) carried forward | 14 | €123,431 | €113,482 | -€9,948 | -8.1% |
| Amounts payable | 17/49 | €11,969 | €15,574 | +€3,605 | +30.1% |
| Amounts payable within one year | 42/48 | €11,355 | €15,531 | +€4,176 | +36.8% |
| Trade debts | 44 | €1,162 | €1,589 | +€427 | +36.7% |
| Suppliers | 440/4 | €1,162 | €1,589 | +€427 | +36.7% |
| Taxes, remuneration and social security | 45 | €5,973 | €10,619 | +€4,645 | +77.8% |
| Taxes | 450/3 | €4,073 | €8,719 | +€4,645 | +114% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €4,220 | €3,323 | -€897 | -21.3% |
| Accrued charges and deferred income | 492/3 | €614 | €43 | -€571 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €16,704 | +€6,434 | +62.6% |
| Other operating charges | 640/8 | €1,837 | €2,138 | +€300 | +16.3% |
| Gross operating margin | 9900 | €45,861 | €65,564 | +€19,703 | +43.0% |
| Operating profit (loss) | 9901 | €33,753 | €46,722 | +€12,969 | +38.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €217 | €140 | -€77 | -35.5% |
| Recurring financial charges | 65 | €217 | €140 | -€77 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €33,536 | €46,583 | +€13,047 | +38.9% |
| Income taxes | 67/77 | €7,848 | €16,782 | +€8,934 | +114% |
| Profit (loss) for the period | 9904 | €25,688 | €29,802 | +€4,113 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,688 | €29,802 | +€4,113 | +16.0% |
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 31 October 2026 via checked.be.