HAL CONSTRUCT: 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.
HAL CONSTRUCT
Largest movements
- Cash +€47,007
up €47,007 (+548.9%), from €8,564 to €55,571
mainly Trade debts (+€83,225) and Other debts (+€29,160)
- Receivables within one year +€19,956
up €19,956 (+6.3%), from €318,292 to €338,248
of which Trade receivables: +€46,130
- Trade debts +€83,225
up €83,225 (+67.1%), from €123,977 to €207,202
- Profit (loss) carried forward -€47,538
down €47,538 (-51.2%), from €92,879 to €45,341
- Other debts +€29,160
new in 2024: €29,160
- Gross operating margin -€62,592
down €62,592, from €15,266 to -€47,326
- Depreciation -€3,552
no longer reported in 2024 (was €3,552)
- Financial income -€3,204
down €3,204 (-99.6%), from €3,218 to €14
of which Non-recurring financial income: -€3,181
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,856 | €393,819 | +€66,963 | +20.5% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Current assets | 29/58 | €326,856 | €393,819 | +€66,963 | +20.5% |
| Amounts receivable within one year | 40/41 | €318,292 | €338,248 | +€19,956 | +6.3% |
| Trade receivables | 40 | €226,641 | €272,771 | +€46,130 | +20.4% |
| Other amounts receivable | 41 | €91,651 | €65,477 | -€26,174 | -28.6% |
| Cash at bank and in hand | 54/58 | €8,564 | €55,571 | +€47,007 | +548.9% |
| Total equity and liabilities | 10/49 | €326,856 | €393,819 | +€66,963 | +20.5% |
| Equity | 10/15 | €202,879 | €155,341 | -€47,538 | -23.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,879 | €45,341 | -€47,538 | -51.2% |
| Amounts payable | 17/49 | €123,977 | €238,478 | +€114,501 | +92.4% |
| Amounts payable within one year | 42/48 | €123,977 | €238,478 | +€114,501 | +92.4% |
| Trade debts | 44 | €123,977 | €207,202 | +€83,225 | +67.1% |
| Suppliers | 440/4 | €123,977 | €207,202 | +€83,225 | +67.1% |
| Taxes, remuneration and social security | 45 | - | €2,116 | +€2,116 | |
| Taxes | 450/3 | - | €2,116 | +€2,116 | |
| Other amounts payable | 47/48 | - | €29,160 | +€29,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,552 | - | -€3,552 | |
| Gross operating margin | 9900 | €15,266 | -€47,326 | -€62,592 | |
| Operating profit (loss) | 9901 | €11,714 | -€47,326 | -€59,040 | |
| Financial income | 75/76B | €3,218 | €14 | -€3,204 | -99.6% |
| Recurring financial income | 75 | €37 | €14 | -€23 | -62.2% |
| Non-recurring financial income | 76B | €3,181 | - | -€3,181 | |
| Financial charges | 65/66B | €218 | €226 | +€8 | +3.7% |
| Recurring financial charges | 65 | €218 | €226 | +€8 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €14,714 | -€47,538 | -€62,252 | |
| Profit (loss) for the period | 9904 | €14,714 | -€47,538 | -€62,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,714 | -€47,538 | -€62,252 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.