HALIN DECORATION: 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.
HALIN DECORATION
Largest movements
- Tangible fixed assets -€19,973
down €19,973 (-31.8%), from €62,860 to €42,887
of which Land and buildings: -€12,838
- Cash +€14,631
up €14,631 (+98.2%), from €14,901 to €29,533
mainly Net result for the year (+€22,726) and Depreciation (+€22,160)
- Stocks and contracts -€14,500
down €14,500 (-85.3%), from €17,000 to €2,500
of which Contracts in progress: -€17,000
- Receivables within one year +€13,877
up €13,877 (+38.4%), from €36,119 to €49,996
of which Other amounts receivable: +€10,527
- Deferred charges and accrued income -€5,364
down €5,364 (-62.4%), from €8,599 to €3,235
- Trade debts -€25,697
down €25,697 (-68.2%), from €37,681 to €11,984
- Profit (loss) carried forward +€22,726
up €22,726 (+98.7%), from -€23,026 to -€300
- Debts after one year -€17,213
down €17,213 (-25.0%), from €68,836 to €51,623
- Short-term financial debts +€10,000
new in 2025: €10,000
- Gross operating margin +€38,018
up €38,018 (+11.6%), from €326,691 to €364,709
- Financial charges +€33,578
up €33,578 (+468%), from €7,173 to €40,751
- Staff costs -€17,230
down €17,230 (-5.9%), from €291,133 to €273,902
- Taxes +€4,166
up €4,166 (+189%), from €2,204 to €6,370
- Financial income +€3,921
up €3,921 (+2,856%), from €137 to €4,059
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 | €139,480 | €128,150 | -€11,330 | -8.1% |
| Fixed assets | 21/28 | €62,860 | €42,887 | -€19,973 | -31.8% |
| Tangible fixed assets | 22/27 | €62,860 | €42,887 | -€19,973 | -31.8% |
| Land and buildings | 22 | €44,663 | €31,825 | -€12,838 | -28.7% |
| Plant, machinery and equipment | 23 | €6,664 | €3,981 | -€2,683 | -40.3% |
| Furniture and vehicles | 24 | €11,532 | €7,080 | -€4,452 | -38.6% |
| Current assets | 29/58 | €76,620 | €85,264 | +€8,644 | +11.3% |
| Stocks and contracts in progress | 3 | €17,000 | €2,500 | -€14,500 | -85.3% |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | €17,000 | - | -€17,000 | |
| Amounts receivable within one year | 40/41 | €36,119 | €49,996 | +€13,877 | +38.4% |
| Trade receivables | 40 | €26,023 | €29,373 | +€3,350 | +12.9% |
| Other amounts receivable | 41 | €10,096 | €20,623 | +€10,527 | +104% |
| Cash at bank and in hand | 54/58 | €14,901 | €29,533 | +€14,631 | +98.2% |
| Deferred charges and accrued income | 490/1 | €8,599 | €3,235 | -€5,364 | -62.4% |
| Total equity and liabilities | 10/49 | €139,480 | €128,150 | -€11,330 | -8.1% |
| Equity | 10/15 | €434 | €23,160 | +€22,726 | +5,235% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,860 | = | 0.0% |
| Distributable reserves | 133 | €4,860 | €4,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,026 | -€300 | +€22,726 | +98.7% |
| Amounts payable | 17/49 | €139,046 | €104,991 | -€34,055 | -24.5% |
| Amounts payable after more than one year | 17 | €68,836 | €51,623 | -€17,213 | -25.0% |
| Financial debts | 170/4 | €68,836 | €51,623 | -€17,213 | -25.0% |
| Amounts payable within one year | 42/48 | €70,210 | €53,367 | -€16,843 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €16,459 | €17,213 | +€753 | +4.6% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €37,681 | €11,984 | -€25,697 | -68.2% |
| Suppliers | 440/4 | €37,681 | €11,984 | -€25,697 | -68.2% |
| Taxes, remuneration and social security | 45 | €14,781 | €14,171 | -€611 | -4.1% |
| Taxes | 450/3 | €2,350 | - | -€2,350 | |
| Remuneration and social security | 454/9 | €12,432 | €14,171 | +€1,739 | +14.0% |
| Other amounts payable | 47/48 | €1,288 | - | -€1,288 | |
| Remuneration, social security and pensions | 62 | €291,133 | €273,902 | -€17,230 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,072 | €22,160 | +€89 | +0.4% |
| Other operating charges | 640/8 | €3,909 | €2,857 | -€1,051 | -26.9% |
| Gross operating margin | 9900 | €326,691 | €364,709 | +€38,018 | +11.6% |
| Operating profit (loss) | 9901 | €9,578 | €65,789 | +€56,211 | +587% |
| Financial income | 75/76B | €137 | €4,059 | +€3,921 | +2,856% |
| Recurring financial income | 75 | €137 | €4,059 | +€3,921 | +2,856% |
| Financial charges | 65/66B | €7,173 | €40,751 | +€33,578 | +468% |
| Recurring financial charges | 65 | €7,173 | €40,751 | +€33,578 | +468% |
| Profit (loss) for the period before taxes | 9903 | €2,542 | €29,096 | +€26,554 | +1,045% |
| Income taxes | 67/77 | €2,204 | €6,370 | +€4,166 | +189% |
| Profit (loss) for the period | 9904 | €338 | €22,726 | +€22,387 | +6,622% |
| Profit (loss) for the period to be appropriated | 9905 | €338 | €22,726 | +€22,387 | +6,622% |
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.