HALEAKALA: 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.
HALEAKALA
Largest movements
- Current investments +€174,457
up €174,457 (+48.1%), from €362,685 to €537,142
- Receivables within one year +€69,037
up €69,037 (+53.0%), from €130,373 to €199,410
of which Other amounts receivable: +€62,165
- Other debts +€733,730
up €733,730 (+14,361%), from €5,109 to €738,840
- Profit (loss) carried forward -€476,378
no longer reported in 2025 (was €476,378)
- Gross operating margin -€62,386
down €62,386 (-16.0%), from €390,283 to €327,897
- Financial charges -€54,774
down €54,774, from €45,076 to -€9,699
- Taxes -€14,624
down €14,624 (-14.8%), from €98,674 to €84,050
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 | €626,710 | €874,269 | +€247,559 | +39.5% |
| Fixed assets | 21/28 | €21,588 | €14,652 | -€6,936 | -32.1% |
| Tangible fixed assets | 22/27 | €21,588 | €14,652 | -€6,936 | -32.1% |
| Plant, machinery and equipment | 23 | €1,598 | €405 | -€1,193 | -74.7% |
| Furniture and vehicles | 24 | €7,482 | €3,454 | -€4,028 | -53.8% |
| Other tangible fixed assets | 26 | €12,508 | €10,793 | -€1,715 | -13.7% |
| Current assets | 29/58 | €605,122 | €859,617 | +€254,495 | +42.1% |
| Amounts receivable after more than one year | 29 | €20,189 | €20,189 | = | 0.0% |
| Other amounts receivable | 291 | €20,189 | €20,189 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,373 | €199,410 | +€69,037 | +53.0% |
| Trade receivables | 40 | €117,271 | €124,143 | +€6,872 | +5.9% |
| Other amounts receivable | 41 | €13,102 | €75,267 | +€62,165 | +474% |
| Current investments | 50/53 | €362,685 | €537,142 | +€174,457 | +48.1% |
| Cash at bank and in hand | 54/58 | €90,303 | €96,046 | +€5,743 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,572 | €6,829 | +€5,258 | +335% |
| Total equity and liabilities | 10/49 | €626,710 | €874,269 | +€247,559 | +39.5% |
| Equity | 10/15 | €604,222 | €127,844 | -€476,378 | -78.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,244 | €109,244 | = | 0.0% |
| Distributable reserves | 133 | €109,244 | €109,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476,378 | - | -€476,378 | |
| Amounts payable | 17/49 | €22,488 | €746,424 | +€723,937 | +3,219% |
| Amounts payable within one year | 42/48 | €22,456 | €741,924 | +€719,469 | +3,204% |
| Trade debts | 44 | €9,533 | €794 | -€8,739 | -91.7% |
| Suppliers | 440/4 | €9,533 | €794 | -€8,739 | -91.7% |
| Taxes, remuneration and social security | 45 | €7,814 | €2,291 | -€5,523 | -70.7% |
| Taxes | 450/3 | €7,814 | €1,042 | -€6,772 | -86.7% |
| Remuneration and social security | 454/9 | - | €1,248 | +€1,248 | |
| Other amounts payable | 47/48 | €5,109 | €738,840 | +€733,730 | +14,361% |
| Accrued charges and deferred income | 492/3 | €32 | €4,500 | +€4,468 | +13,923% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,008 | €6,936 | -€73 | -1.0% |
| Other operating charges | 640/8 | €771 | €544 | -€227 | -29.5% |
| Gross operating margin | 9900 | €390,283 | €327,897 | -€62,386 | -16.0% |
| Operating profit (loss) | 9901 | €382,503 | €320,417 | -€62,086 | -16.2% |
| Financial income | 75/76B | €12,910 | €16,224 | +€3,314 | +25.7% |
| Recurring financial income | 75 | €12,910 | €16,224 | +€3,314 | +25.7% |
| Financial charges | 65/66B | €45,076 | -€9,699 | -€54,774 | |
| Recurring financial charges | 65 | €45,076 | -€9,699 | -€54,774 | |
| Profit (loss) for the period before taxes | 9903 | €350,337 | €346,339 | -€3,997 | -1.1% |
| Income taxes | 67/77 | €98,674 | €84,050 | -€14,624 | -14.8% |
| Profit (loss) for the period | 9904 | €251,663 | €262,290 | +€10,627 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €251,663 | €262,290 | +€10,627 | +4.2% |
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 23 October 2026 via checked.be.