HALIMMO: 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.
What changed
HALIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,572
2024 · €17,390+€14,182
Equity
€291,412
2024 · €609,841-€318,428
Cash
€5,968
2024 · €11,770-€5,802
Balance sheet total
€1.2m
2024 · €1.2m-€45,010
Largest movements
Assets
- Tangible fixed assets -€125,812
down €125,812 (-26.8%), from €469,211 to €343,399
of which Land and buildings: -€121,681
- Receivables within one year +€85,440
up €85,440 (+11.5%), from €745,671 to €831,111
Equity and liabilities
- Other debts +€350,000
new in 2025: €350,000
- Profit (loss) carried forward -€318,428
down €318,428 (-77.0%), from €413,509 to €95,080
- Debts after one year -€79,838
down €79,838 (-15.8%), from €505,996 to €426,157
of which Financial debts: -€73,643
Income statement
- Gross operating margin +€19,576
up €19,576 (+10.9%), from €179,653 to €199,229
- Taxes +€4,979
up €4,979 (+76.4%), from €6,514 to €11,493
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.
Result 2024
€17,390
Gross operating margin
+€19,576
Depreciation
-€621
Other operating charges
-€197
Financial income
-€1
Financial charges
+€403
Taxes
-€4,979
Result 2025
€31,572
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.
From operations
+€422,347
Investment
€0
Financing
-€428,149
Cash 2024
€11,770
From operations (derived)
+€422,347
Net result for the year
+€31,572
Depreciation
+€125,812
Receivables within one year
-€85,440
Deferred charges and accrued income
-€1,163
Trade debts
-€2,825
Tax, wage and social debts
+€1,748
Other debts
+€350,000
Accrued charges and deferred income
+€2,644
Financing
-€428,149
Debts after one year
-€79,838
Current portion of long-term debt
+€1,690
Contributions, distributions and other
-€350,000
Cash 2025
€5,968
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,226,651 | €1,181,641 | -€45,010 | -3.7% |
| Fixed assets | 21/28 | €469,211 | €343,399 | -€125,812 | -26.8% |
| Tangible fixed assets | 22/27 | €469,211 | €343,399 | -€125,812 | -26.8% |
| Land and buildings | 22 | €455,998 | €334,317 | -€121,681 | -26.7% |
| Plant, machinery and equipment | 23 | €9,713 | €5,582 | -€4,130 | -42.5% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €757,441 | €838,242 | +€80,801 | +10.7% |
| Amounts receivable within one year | 40/41 | €745,671 | €831,111 | +€85,440 | +11.5% |
| Other amounts receivable | 41 | €745,671 | €831,111 | +€85,440 | +11.5% |
| Cash at bank and in hand | 54/58 | €11,770 | €5,968 | -€5,802 | -49.3% |
| Deferred charges and accrued income | 490/1 | - | €1,163 | +€1,163 | |
| Total equity and liabilities | 10/49 | €1,226,651 | €1,181,641 | -€45,010 | -3.7% |
| Equity | 10/15 | €609,841 | €291,412 | -€318,428 | -52.2% |
| Contributions | 10/11 | €178,483 | €178,483 | = | 0.0% |
| Capital | 10 | €178,483 | €178,483 | = | 0.0% |
| Issued capital | 100 | €178,483 | €178,483 | = | 0.0% |
| Reserves | 13 | €17,848 | €17,848 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,848 | €17,848 | = | 0.0% |
| Legal reserve | 130 | €17,848 | €17,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €413,509 | €95,080 | -€318,428 | -77.0% |
| Amounts payable | 17/49 | €616,811 | €890,229 | +€273,418 | +44.3% |
| Amounts payable after more than one year | 17 | €505,996 | €426,157 | -€79,838 | -15.8% |
| Financial debts | 170/4 | €499,801 | €426,157 | -€73,643 | -14.7% |
| Other amounts payable | 178/9 | €6,195 | €0 | -€6,195 | -100.0% |
| Amounts payable within one year | 42/48 | €109,793 | €460,406 | +€350,613 | +319.3% |
| Current portion of amounts payable after more than one year | 42 | €77,490 | €79,180 | +€1,690 | +2.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,044 | €13,219 | -€2,825 | -17.6% |
| Suppliers | 440/4 | €16,044 | €13,219 | -€2,825 | -17.6% |
| Taxes, remuneration and social security | 45 | €16,259 | €18,007 | +€1,748 | +10.8% |
| Taxes | 450/3 | €16,259 | €18,007 | +€1,748 | +10.8% |
| Other amounts payable | 47/48 | - | €350,000 | +€350,000 | |
| Accrued charges and deferred income | 492/3 | €1,022 | €3,666 | +€2,644 | +258.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,190 | €125,812 | +€621 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,438 | €16,635 | +€197 | +1.2% |
| Gross operating margin | 9900 | €179,653 | €199,229 | +€19,576 | +10.9% |
| Operating profit (loss) | 9901 | €38,025 | €56,783 | +€18,758 | +49.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €14,122 | €13,719 | -€403 | -2.9% |
| Recurring financial charges | 65 | €14,122 | €13,719 | -€403 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €23,904 | €43,064 | +€19,161 | +80.2% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €6,514 | €11,493 | +€4,979 | +76.4% |
| Profit (loss) for the period | 9904 | €17,390 | €31,572 | +€14,182 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,390 | €31,572 | +€14,182 | +81.6% |
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.