HALIM: 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.
HALIM
Largest movements
- Tangible fixed assets -€26,390
down €26,390 (-2.1%), from €1.3m to €1.2m
- Debts after one year -€59,000
down €59,000 (-26.3%), from €224,750 to €165,750
- Reserves +€39,515
up €39,515 (+11.8%), from €336,255 to €375,770
of which Distributable reserves: +€39,515
- Gross operating margin +€5,183
up €5,183 (+4.5%), from €115,936 to €121,119
- Financial charges -€3,797
down €3,797 (-11.9%), from €31,778 to €27,981
- Taxes +€2,771
up €2,771 (+17.6%), from €15,701 to €18,472
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.
Cash bridge derived
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 | €1,318,980 | €1,301,205 | -€17,775 | -1.3% |
| Fixed assets | 21/28 | €1,258,480 | €1,232,090 | -€26,390 | -2.1% |
| Tangible fixed assets | 22/27 | €1,258,480 | €1,232,090 | -€26,390 | -2.1% |
| Land and buildings | 22 | €1,258,480 | €1,232,090 | -€26,390 | -2.1% |
| Current assets | 29/58 | €60,500 | €69,114 | +€8,615 | +14.2% |
| Amounts receivable within one year | 40/41 | €3,092 | €73 | -€3,020 | -97.7% |
| Trade receivables | 40 | €0 | €73 | +€73 | |
| Other amounts receivable | 41 | €3,092 | €0 | -€3,092 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,574 | €65,797 | +€11,223 | +20.6% |
| Deferred charges and accrued income | 490/1 | €2,834 | €3,245 | +€411 | +14.5% |
| Total equity and liabilities | 10/49 | €1,318,980 | €1,301,205 | -€17,775 | -1.3% |
| Equity | 10/15 | €641,255 | €680,770 | +€39,515 | +6.2% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €336,255 | €375,770 | +€39,515 | +11.8% |
| Non-distributable reserves | 130/1 | €14,590 | €14,590 | = | 0.0% |
| Legal reserve | 130 | €14,590 | €14,590 | = | 0.0% |
| Distributable reserves | 133 | €321,665 | €361,180 | +€39,515 | +12.3% |
| Amounts payable | 17/49 | €677,725 | €620,434 | -€57,290 | -8.5% |
| Amounts payable after more than one year | 17 | €224,750 | €165,750 | -€59,000 | -26.3% |
| Financial debts | 170/4 | €224,750 | €165,750 | -€59,000 | -26.3% |
| Amounts payable within one year | 42/48 | €424,103 | €429,068 | +€4,966 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €59,000 | €59,000 | = | 0.0% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,892 | €9,821 | +€4,929 | +100.8% |
| Taxes | 450/3 | €4,892 | €9,821 | +€4,929 | +100.8% |
| Other amounts payable | 47/48 | €360,085 | €360,248 | +€163 | 0.0% |
| Accrued charges and deferred income | 492/3 | €28,872 | €25,616 | -€3,256 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,390 | €26,390 | = | 0.0% |
| Other operating charges | 640/8 | €8,422 | €8,761 | +€338 | +4.0% |
| Gross operating margin | 9900 | €115,936 | €121,119 | +€5,183 | +4.5% |
| Operating profit (loss) | 9901 | €81,123 | €85,968 | +€4,845 | +6.0% |
| Financial charges | 65/66B | €31,778 | €27,981 | -€3,797 | -11.9% |
| Recurring financial charges | 65 | €31,778 | €27,981 | -€3,797 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €49,346 | €57,987 | +€8,641 | +17.5% |
| Income taxes | 67/77 | €15,701 | €18,472 | +€2,771 | +17.6% |
| Profit (loss) for the period | 9904 | €33,645 | €39,515 | +€5,870 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,645 | €39,515 | +€5,870 | +17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.