HALEBO: 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.
HALEBO
Largest movements
- Cash +€46,363
up €46,363 (+39.1%), from €118,435 to €164,798
mainly Net result for the year (+€83,956) and Other debts (+€36,387)
- Stocks and contracts +€11,912
up €11,912 (+38.7%), from €30,800 to €42,712
- Tangible fixed assets -€9,189
down €9,189 (-27.9%), from €32,903 to €23,714
of which Furniture and vehicles: -€9,469
- Receivables within one year -€9,050
no longer reported in 2025 (was €9,050)
of which Other amounts receivable: -€8,860
- Other debts +€36,387
up €36,387 (+69.5%), from €52,318 to €88,704
- Tax, wage and social debts +€23,608
up €23,608 (+70.6%), from €33,450 to €57,058
of which Taxes: +€12,216
- Trade debts -€9,131
down €9,131 (-15.9%), from €57,426 to €48,296
- Debts after one year -€8,202
no longer reported in 2025 (was €8,202)
- Current portion of long-term debt -€4,999
down €4,999 (-37.9%), from €13,200 to €8,202
- Gross operating margin +€44,654
up €44,654 (+23.8%), from €187,765 to €232,419
- Taxes +€10,740
up €10,740 (+75.6%), from €14,215 to €24,954
- Staff costs -€5,796
down €5,796 (-5.7%), from €101,587 to €95,791
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 | €196,499 | €237,628 | +€41,129 | +20.9% |
| Fixed assets | 21/28 | €32,903 | €23,714 | -€9,189 | -27.9% |
| Tangible fixed assets | 22/27 | €32,903 | €23,714 | -€9,189 | -27.9% |
| Furniture and vehicles | 24 | €19,621 | €10,152 | -€9,469 | -48.3% |
| Other tangible fixed assets | 26 | €13,282 | €13,562 | +€280 | +2.1% |
| Current assets | 29/58 | €163,596 | €213,914 | +€50,318 | +30.8% |
| Stocks and contracts in progress | 3 | €30,800 | €42,712 | +€11,912 | +38.7% |
| Stocks | 30/36 | €30,800 | €42,712 | +€11,912 | +38.7% |
| Amounts receivable within one year | 40/41 | €9,050 | - | -€9,050 | |
| Trade receivables | 40 | €190 | - | -€190 | |
| Other amounts receivable | 41 | €8,860 | - | -€8,860 | |
| Cash at bank and in hand | 54/58 | €118,435 | €164,798 | +€46,363 | +39.1% |
| Deferred charges and accrued income | 490/1 | €5,311 | €6,404 | +€1,093 | +20.6% |
| Total equity and liabilities | 10/49 | €196,499 | €237,628 | +€41,129 | +20.9% |
| Equity | 10/15 | €31,398 | €35,354 | +€3,956 | +12.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,156 | €1,156 | = | 0.0% |
| Distributable reserves | 133 | €1,156 | €1,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,243 | €15,199 | +€3,956 | +35.2% |
| Amounts payable | 17/49 | €165,100 | €202,273 | +€37,173 | +22.5% |
| Amounts payable after more than one year | 17 | €8,202 | - | -€8,202 | |
| Financial debts | 170/4 | €8,202 | - | -€8,202 | |
| Amounts payable within one year | 42/48 | €156,394 | €202,259 | +€45,866 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €13,200 | €8,202 | -€4,999 | -37.9% |
| Trade debts | 44 | €57,426 | €48,296 | -€9,131 | -15.9% |
| Suppliers | 440/4 | €57,426 | €48,296 | -€9,131 | -15.9% |
| Taxes, remuneration and social security | 45 | €33,450 | €57,058 | +€23,608 | +70.6% |
| Taxes | 450/3 | €17,179 | €29,395 | +€12,216 | +71.1% |
| Remuneration and social security | 454/9 | €16,271 | €27,663 | +€11,392 | +70.0% |
| Other amounts payable | 47/48 | €52,318 | €88,704 | +€36,387 | +69.5% |
| Accrued charges and deferred income | 492/3 | €505 | €14 | -€491 | -97.3% |
| Remuneration, social security and pensions | 62 | €101,587 | €95,791 | -€5,796 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,698 | €20,065 | -€633 | -3.1% |
| Other operating charges | 640/8 | €4,250 | €2,278 | -€1,971 | -46.4% |
| Gross operating margin | 9900 | €187,765 | €232,419 | +€44,654 | +23.8% |
| Operating profit (loss) | 9901 | €61,230 | €114,285 | +€53,055 | +86.6% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €5,491 | €5,428 | -€63 | -1.1% |
| Recurring financial charges | 65 | €5,491 | €5,428 | -€63 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €55,739 | €108,910 | +€53,172 | +95.4% |
| Income taxes | 67/77 | €14,215 | €24,954 | +€10,740 | +75.6% |
| Profit (loss) for the period | 9904 | €41,524 | €83,956 | +€42,432 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €41,524 | €83,956 | +€42,432 | +102% |
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 20 October 2026 via checked.be.