HALE: 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.
HALE
Largest movements
- Financial fixed assets -€9,999
down €9,999 (-95.7%), from €10,446 to €447
- Receivables within one year +€8,508
up €8,508 (+14.0%), from €60,702 to €69,210
of which Other amounts receivable: +€7,218
- Tax, wage and social debts -€12,788
down €12,788 (-54.5%), from €23,472 to €10,684
- Financial charges -€23,144
down €23,144 (-76.2%), from €30,369 to €7,225
of which Non-recurring financial charges: -€23,999
- Write-downs +€6,363
new in 2024: €6,363
- Gross operating margin +€3,368
up €3,368 (+30.0%), from €11,229 to €14,598
- Financial income +€807
up €807 (+10.1%), from €7,989 to €8,796
- Depreciation +€372
up €372 (+9.3%), from €3,992 to €4,364
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,367 | €363,741 | -€7,627 | -2.1% |
| Fixed assets | 21/28 | €22,456 | €8,809 | -€13,647 | -60.8% |
| Tangible fixed assets | 22/27 | €12,010 | €8,362 | -€3,648 | -30.4% |
| Furniture and vehicles | 24 | €12,010 | €8,362 | -€3,648 | -30.4% |
| Financial fixed assets | 28 | €10,446 | €447 | -€9,999 | -95.7% |
| Current assets | 29/58 | €348,911 | €354,932 | +€6,020 | +1.7% |
| Amounts receivable after more than one year | 29 | €284,640 | €282,121 | -€2,519 | -0.9% |
| Other amounts receivable | 291 | €284,640 | €282,121 | -€2,519 | -0.9% |
| Amounts receivable within one year | 40/41 | €60,702 | €69,210 | +€8,508 | +14.0% |
| Trade receivables | 40 | €13,563 | €14,853 | +€1,290 | +9.5% |
| Other amounts receivable | 41 | €47,139 | €54,357 | +€7,218 | +15.3% |
| Deferred charges and accrued income | 490/1 | €3,570 | €3,601 | +€31 | +0.9% |
| Total equity and liabilities | 10/49 | €371,367 | €363,741 | -€7,627 | -2.1% |
| Equity | 10/15 | €294,153 | €293,344 | -€809 | -0.3% |
| Contributions | 10/11 | €10,907 | €10,907 | = | 0.0% |
| Reserves | 13 | €281,859 | €281,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,386 | €578 | -€809 | -58.3% |
| Amounts payable | 17/49 | €77,214 | €70,396 | -€6,818 | -8.8% |
| Amounts payable within one year | 42/48 | €76,434 | €69,581 | -€6,853 | -9.0% |
| Financial debts | 43 | €48,757 | €51,030 | +€2,273 | +4.7% |
| Credit institutions | 430/8 | €48,757 | €51,030 | +€2,273 | +4.7% |
| Trade debts | 44 | €4,205 | €6,082 | +€1,878 | +44.7% |
| Suppliers | 440/4 | €4,205 | €6,082 | +€1,878 | +44.7% |
| Taxes, remuneration and social security | 45 | €23,472 | €10,684 | -€12,788 | -54.5% |
| Taxes | 450/3 | €23,472 | €10,684 | -€12,788 | -54.5% |
| Other amounts payable | 47/48 | - | €1,784 | +€1,784 | |
| Accrued charges and deferred income | 492/3 | €780 | €816 | +€35 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,992 | €4,364 | +€372 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,363 | +€6,363 | |
| Other operating charges | 640/8 | €2,112 | €1,833 | -€279 | -13.2% |
| Non-recurring operating charges | 66A | €593 | €670 | +€76 | +12.9% |
| Gross operating margin | 9900 | €11,229 | €14,598 | +€3,368 | +30.0% |
| Operating profit (loss) | 9901 | €4,533 | €1,368 | -€3,165 | -69.8% |
| Financial income | 75/76B | €7,989 | €8,796 | +€807 | +10.1% |
| Recurring financial income | 75 | €7,989 | €8,796 | +€807 | +10.1% |
| Financial charges | 65/66B | €30,369 | €7,225 | -€23,144 | -76.2% |
| Recurring financial charges | 65 | €6,370 | €7,225 | +€855 | +13.4% |
| Non-recurring financial charges | 66B | €23,999 | - | -€23,999 | |
| Profit (loss) for the period before taxes | 9903 | -€17,847 | €2,939 | +€20,786 | |
| Income taxes | 67/77 | €3,713 | €3,747 | +€34 | +0.9% |
| Profit (loss) for the period | 9904 | -€21,560 | -€809 | +€20,752 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,560 | -€809 | +€20,752 | +96.2% |
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 8 October 2026 via checked.be.