HALES ROBERT: 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.
HALES ROBERT
Largest movements
- Tangible fixed assets -€5,827
down €5,827 (-5.0%), from €117,522 to €111,694
of which Land and buildings: -€4,555
- Cash -€5,584
down €5,584 (-29.7%), from €18,805 to €13,221
mainly Current portion of long-term debt (-€11,272) and Tax, wage and social debts (-€2,066)
- Receivables within one year +€2,036
up €2,036 (+116%), from €1,760 to €3,796
of which Other amounts receivable: +€2,372
- Current portion of long-term debt -€11,272
down €11,272 (-91.5%), from €12,321 to €1,049
- Reserves +€2,576
up €2,576 (+10.4%), from €24,858 to €27,435
of which Distributable reserves: +€2,576
- Other debts +€2,392
up €2,392 (+3.1%), from €77,066 to €79,458
- Tax, wage and social debts -€2,066
down €2,066 (-67.7%), from €3,051 to €984
- Gross operating margin -€8,175
down €8,175 (-33.8%), from €24,199 to €16,023
- Depreciation -€811
down €811 (-12.2%), from €6,638 to €5,827
- Financial charges +€518
up €518 (+15.3%), from €3,382 to €3,899
- Taxes -€512
down €512 (-21.7%), from €2,362 to €1,849
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 | €139,656 | €130,329 | -€9,327 | -6.7% |
| Fixed assets | 21/28 | €117,522 | €111,694 | -€5,827 | -5.0% |
| Tangible fixed assets | 22/27 | €117,522 | €111,694 | -€5,827 | -5.0% |
| Land and buildings | 22 | €113,253 | €108,698 | -€4,555 | -4.0% |
| Plant, machinery and equipment | 23 | €855 | €345 | -€510 | -59.7% |
| Furniture and vehicles | 24 | €3,413 | €2,652 | -€762 | -22.3% |
| Current assets | 29/58 | €22,134 | €18,634 | -€3,500 | -15.8% |
| Amounts receivable within one year | 40/41 | €1,760 | €3,796 | +€2,036 | +116% |
| Trade receivables | 40 | €1,313 | €977 | -€336 | -25.6% |
| Other amounts receivable | 41 | €447 | €2,819 | +€2,372 | +531% |
| Cash at bank and in hand | 54/58 | €18,805 | €13,221 | -€5,584 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,617 | +€48 | +3.0% |
| Total equity and liabilities | 10/49 | €139,656 | €130,329 | -€9,327 | -6.7% |
| Equity | 10/15 | €43,450 | €46,027 | +€2,576 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,858 | €27,435 | +€2,576 | +10.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,858 | €27,435 | +€2,576 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,206 | €84,302 | -€11,904 | -12.4% |
| Amounts payable after more than one year | 17 | €1,049 | €0 | -€1,049 | -100% |
| Financial debts | 170/4 | €1,049 | €0 | -€1,049 | -100% |
| Amounts payable within one year | 42/48 | €95,156 | €84,302 | -€10,854 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €12,321 | €1,049 | -€11,272 | -91.5% |
| Trade debts | 44 | €2,718 | €2,810 | +€92 | +3.4% |
| Suppliers | 440/4 | €2,718 | €2,810 | +€92 | +3.4% |
| Taxes, remuneration and social security | 45 | €3,051 | €984 | -€2,066 | -67.7% |
| Taxes | 450/3 | €3,051 | €984 | -€2,066 | -67.7% |
| Other amounts payable | 47/48 | €77,066 | €79,458 | +€2,392 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,638 | €5,827 | -€811 | -12.2% |
| Other operating charges | 640/8 | €1,889 | €1,871 | -€18 | -0.9% |
| Gross operating margin | 9900 | €24,199 | €16,023 | -€8,175 | -33.8% |
| Operating profit (loss) | 9901 | €15,671 | €8,325 | -€7,346 | -46.9% |
| Financial income | 75/76B | €54 | €0 | -€54 | -100% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -100% |
| Financial charges | 65/66B | €3,382 | €3,899 | +€518 | +15.3% |
| Recurring financial charges | 65 | €3,382 | €3,899 | +€518 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €12,344 | €4,426 | -€7,918 | -64.1% |
| Income taxes | 67/77 | €2,362 | €1,849 | -€512 | -21.7% |
| Profit (loss) for the period | 9904 | €9,982 | €2,576 | -€7,406 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,982 | €2,576 | -€7,406 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.