HALAUMA: 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.
HALAUMA
Largest movements
- Current investments +€142,158
up €142,158 (+16.0%), from €889,685 to €1.0m
- Cash -€128,023
down €128,023 (-38.3%), from €334,132 to €206,109
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€142,158)
- Receivables within one year -€70,804
down €70,804 (-16.1%), from €441,132 to €370,328
- Tangible fixed assets -€45,569
down €45,569 (-5.3%), from €863,047 to €817,479
of which Other tangible fixed assets: -€23,450
- Reserves -€603,000
down €603,000 (-49.7%), from €1.2m to €610,500
of which Distributable reserves: -€603,000
- Other debts +€251,416
up €251,416 (+34.3%), from €732,433 to €983,849
- Tax, wage and social debts +€210,231
up €210,231 (+1877.1%), from €11,200 to €221,431
- Profit (loss) carried forward +€148,911
up €148,911 (+122782.8%), from €121 to €149,032
- Debts after one year -€58,077
down €58,077 (-13.5%), from €431,361 to €373,283
- Financial income +€69,041
up €69,041 (+159.3%), from €43,335 to €112,376
- Gross operating margin -€55,417
down €55,417 (-5.2%), from €1.1m to €1.0m
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 | €2,557,679 | €2,452,408 | -€105,270 | -4.1% |
| Fixed assets | 21/28 | €863,047 | €817,479 | -€45,569 | -5.3% |
| Tangible fixed assets | 22/27 | €863,047 | €817,479 | -€45,569 | -5.3% |
| Plant, machinery and equipment | 23 | €10,898 | €4,690 | -€6,208 | -57.0% |
| Furniture and vehicles | 24 | €23,976 | €8,065 | -€15,912 | -66.4% |
| Other tangible fixed assets | 26 | €828,174 | €804,724 | -€23,450 | -2.8% |
| Current assets | 29/58 | €1,694,631 | €1,634,930 | -€59,702 | -3.5% |
| Amounts receivable within one year | 40/41 | €441,132 | €370,328 | -€70,804 | -16.1% |
| Other amounts receivable | 41 | €441,132 | €370,328 | -€70,804 | -16.1% |
| Current investments | 50/53 | €889,685 | €1,031,844 | +€142,158 | +16.0% |
| Cash at bank and in hand | 54/58 | €334,132 | €206,109 | -€128,023 | -38.3% |
| Deferred charges and accrued income | 490/1 | €29,682 | €26,649 | -€3,033 | -10.2% |
| Total equity and liabilities | 10/49 | €2,557,679 | €2,452,408 | -€105,270 | -4.1% |
| Equity | 10/15 | €1,213,681 | €759,592 | -€454,089 | -37.4% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €1,213,500 | €610,500 | -€603,000 | -49.7% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €1,003,000 | €400,000 | -€603,000 | -60.1% |
| Profit (loss) carried forward | 14 | €121 | €149,032 | +€148,911 | +122782.8% |
| Amounts payable | 17/49 | €1,343,997 | €1,692,816 | +€348,819 | +26.0% |
| Amounts payable after more than one year | 17 | €431,361 | €373,283 | -€58,077 | -13.5% |
| Financial debts | 170/4 | €431,361 | €373,283 | -€58,077 | -13.5% |
| Amounts payable within one year | 42/48 | €850,661 | €1,264,672 | +€414,011 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €56,784 | €58,077 | +€1,293 | +2.3% |
| Trade debts | 44 | €50,244 | €1,316 | -€48,929 | -97.4% |
| Suppliers | 440/4 | €50,244 | €1,316 | -€48,929 | -97.4% |
| Taxes, remuneration and social security | 45 | €11,200 | €221,431 | +€210,231 | +1877.1% |
| Taxes | 450/3 | €11,200 | €221,431 | +€210,231 | +1877.1% |
| Other amounts payable | 47/48 | €732,433 | €983,849 | +€251,416 | +34.3% |
| Accrued charges and deferred income | 492/3 | €61,976 | €54,860 | -€7,115 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,574 | €45,569 | -€2,005 | -4.2% |
| Other operating charges | 640/8 | €5,838 | €6,702 | +€865 | +14.8% |
| Gross operating margin | 9900 | €1,058,732 | €1,003,314 | -€55,417 | -5.2% |
| Operating profit (loss) | 9901 | €1,005,320 | €951,043 | -€54,277 | -5.4% |
| Financial income | 75/76B | €43,335 | €112,376 | +€69,041 | +159.3% |
| Recurring financial income | 75 | €43,335 | €112,376 | +€69,041 | +159.3% |
| Financial charges | 65/66B | €70,830 | €66,695 | -€4,136 | -5.8% |
| Recurring financial charges | 65 | €70,830 | €66,695 | -€4,136 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €977,825 | €996,725 | +€18,900 | +1.9% |
| Income taxes | 67/77 | €239,715 | €247,814 | +€8,099 | +3.4% |
| Profit (loss) for the period | 9904 | €738,111 | €748,911 | +€10,801 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €738,111 | €748,911 | +€10,801 | +1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.