HALDYR: 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.
HALDYR
Largest movements
- Receivables within one year -€9,741
down €9,741 (-75.4%), from €12,928 to €3,186
of which Trade receivables: -€9,739
- Cash +€9,003
up €9,003 (+67.5%), from €13,346 to €22,349
mainly Depreciation (+€33,624) and Debts after one year (+€14,419)
- Financial fixed assets +€4,840
up €4,840 (+8.9%), from €54,450 to €59,290
- Tangible fixed assets -€4,319
down €4,319 (-4.2%), from €104,013 to €99,694
of which Furniture and vehicles: -€4,319
- Other debts -€18,150
down €18,150 (-31.5%), from €57,603 to €39,452
- Debts after one year +€14,419
up €14,419 (+9,263%), from €156 to €14,575
- Trade debts -€10,377
down €10,377 (-70.8%), from €14,652 to €4,274
- Reserves +€6,904
up €6,904 (+7.8%), from €88,027 to €94,932
- Current portion of long-term debt +€5,574
up €5,574 (+216%), from €2,579 to €8,153
- Gross operating margin +€11,701
up €11,701 (+22.3%), from €52,459 to €64,160
- Depreciation +€7,540
up €7,540 (+28.9%), from €26,084 to €33,624
- Other operating charges -€7,067
down €7,067 (-80.5%), from €8,780 to €1,713
- Taxes +€2,885
up €2,885 (+39.5%), from €7,296 to €10,181
- Financial charges +€673
up €673 (+16.4%), from €4,101 to €4,774
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 | €191,447 | €189,374 | -€2,073 | -1.1% |
| Fixed assets | 21/28 | €158,463 | €158,984 | +€521 | +0.3% |
| Tangible fixed assets | 22/27 | €104,013 | €99,694 | -€4,319 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €104,013 | €99,694 | -€4,319 | -4.2% |
| Financial fixed assets | 28 | €54,450 | €59,290 | +€4,840 | +8.9% |
| Current assets | 29/58 | €32,984 | €30,390 | -€2,595 | -7.9% |
| Amounts receivable within one year | 40/41 | €12,928 | €3,186 | -€9,741 | -75.4% |
| Trade receivables | 40 | €10,036 | €297 | -€9,739 | -97.0% |
| Other amounts receivable | 41 | €2,892 | €2,889 | -€3 | -0.1% |
| Cash at bank and in hand | 54/58 | €13,346 | €22,349 | +€9,003 | +67.5% |
| Deferred charges and accrued income | 490/1 | €6,711 | €4,855 | -€1,856 | -27.7% |
| Total equity and liabilities | 10/49 | €191,447 | €189,374 | -€2,073 | -1.1% |
| Equity | 10/15 | €106,285 | €112,264 | +€5,979 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,027 | €94,932 | +€6,904 | +7.8% |
| Distributable reserves | 133 | €88,027 | €94,932 | +€6,904 | +7.8% |
| Profit (loss) carried forward | 14 | €12,058 | €11,132 | -€926 | -7.7% |
| Amounts payable | 17/49 | €85,162 | €77,110 | -€8,052 | -9.5% |
| Amounts payable after more than one year | 17 | €156 | €14,575 | +€14,419 | +9,263% |
| Financial debts | 170/4 | €156 | €14,575 | +€14,419 | +9,263% |
| Amounts payable within one year | 42/48 | €85,006 | €62,535 | -€22,471 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €2,579 | €8,153 | +€5,574 | +216% |
| Financial debts | 43 | €1,908 | €1,671 | -€237 | -12.4% |
| Credit institutions | 430/8 | €1,908 | €1,671 | -€237 | -12.4% |
| Trade debts | 44 | €14,652 | €4,274 | -€10,377 | -70.8% |
| Suppliers | 440/4 | €14,652 | €4,274 | -€10,377 | -70.8% |
| Taxes, remuneration and social security | 45 | €8,265 | €8,984 | +€719 | +8.7% |
| Taxes | 450/3 | €8,265 | €8,984 | +€719 | +8.7% |
| Other amounts payable | 47/48 | €57,603 | €39,452 | -€18,150 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,084 | €33,624 | +€7,540 | +28.9% |
| Other operating charges | 640/8 | €8,780 | €1,713 | -€7,067 | -80.5% |
| Gross operating margin | 9900 | €52,459 | €64,160 | +€11,701 | +22.3% |
| Operating profit (loss) | 9901 | €17,595 | €28,823 | +€11,228 | +63.8% |
| Financial income | 75/76B | €38 | €36 | -€2 | -4.2% |
| Recurring financial income | 75 | €38 | €36 | -€2 | -4.2% |
| Financial charges | 65/66B | €4,101 | €4,774 | +€673 | +16.4% |
| Recurring financial charges | 65 | €4,101 | €4,774 | +€673 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €13,532 | €24,085 | +€10,554 | +78.0% |
| Income taxes | 67/77 | €7,296 | €10,181 | +€2,885 | +39.5% |
| Profit (loss) for the period | 9904 | €6,236 | €13,904 | +€7,669 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €6,236 | €13,904 | +€7,669 | +123% |
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 14 October 2026 via checked.be.