HALI BALI: 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.
HALI BALI
Largest movements
- Tangible fixed assets +€71,898
up €71,898 (+13.9%), from €516,225 to €588,123
of which Plant, machinery and equipment: +€83,761
- Debts after one year +€51,169
up €51,169 (+12.8%), from €399,422 to €450,591
- Other debts +€15,051
up €15,051 (+84.0%), from €17,921 to €32,971
- Trade debts +€8,313
up €8,313 (+523%), from €1,588 to €9,901
- Gross operating margin -€9,715
down €9,715 (-28.2%), from €34,425 to €24,710
- Depreciation +€2,881
up €2,881 (+21.8%), from €13,236 to €16,117
- Taxes -€2,558
down €2,558 (-100%), from €2,558 to €0
- Financial charges -€874
down €874 (-10.8%), from €8,117 to €7,243
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 | €530,280 | €603,215 | +€72,935 | +13.8% |
| Fixed assets | 21/28 | €516,225 | €588,123 | +€71,898 | +13.9% |
| Tangible fixed assets | 22/27 | €516,225 | €588,123 | +€71,898 | +13.9% |
| Land and buildings | 22 | €508,170 | €496,307 | -€11,864 | -2.3% |
| Plant, machinery and equipment | 23 | €8,055 | €91,816 | +€83,761 | +1,040% |
| Current assets | 29/58 | €14,055 | €15,092 | +€1,037 | +7.4% |
| Amounts receivable within one year | 40/41 | €3,259 | €3,000 | -€259 | -8.0% |
| Trade receivables | 40 | €1,817 | - | -€1,817 | |
| Other amounts receivable | 41 | €1,442 | €3,000 | +€1,558 | +108% |
| Cash at bank and in hand | 54/58 | €10,796 | €12,092 | +€1,297 | +12.0% |
| Total equity and liabilities | 10/49 | €530,280 | €603,215 | +€72,935 | +13.8% |
| Equity | 10/15 | €78,250 | €76,650 | -€1,600 | -2.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €38,250 | €36,650 | -€1,600 | -4.2% |
| Distributable reserves | 133 | €38,250 | €36,650 | -€1,600 | -4.2% |
| Amounts payable | 17/49 | €452,030 | €526,565 | +€74,535 | +16.5% |
| Amounts payable after more than one year | 17 | €399,422 | €450,591 | +€51,169 | +12.8% |
| Financial debts | 170/4 | €399,422 | €450,591 | +€51,169 | +12.8% |
| Amounts payable within one year | 42/48 | €46,320 | €73,304 | +€26,984 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €26,811 | €30,432 | +€3,621 | +13.5% |
| Trade debts | 44 | €1,588 | €9,901 | +€8,313 | +523% |
| Suppliers | 440/4 | €1,588 | €9,901 | +€8,313 | +523% |
| Other amounts payable | 47/48 | €17,921 | €32,971 | +€15,051 | +84.0% |
| Accrued charges and deferred income | 492/3 | €6,288 | €2,670 | -€3,618 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,236 | €16,117 | +€2,881 | +21.8% |
| Other operating charges | 640/8 | €2,849 | €2,950 | +€101 | +3.5% |
| Gross operating margin | 9900 | €34,425 | €24,710 | -€9,715 | -28.2% |
| Operating profit (loss) | 9901 | €18,340 | €5,643 | -€12,697 | -69.2% |
| Financial charges | 65/66B | €8,117 | €7,243 | -€874 | -10.8% |
| Recurring financial charges | 65 | €8,117 | €7,243 | -€874 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €10,223 | -€1,600 | -€11,822 | |
| Income taxes | 67/77 | €2,558 | €0 | -€2,558 | -100% |
| Profit (loss) for the period | 9904 | €7,665 | -€1,600 | -€9,264 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,665 | -€1,600 | -€9,264 |
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.