HALIN ROLAND: 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 ROLAND
Largest movements
- Tangible fixed assets -€49,037
down €49,037 (-10.2%), from €481,933 to €432,897
of which Land and buildings: -€29,003
- Stocks and contracts -€12,229
down €12,229 (-19.1%), from €64,160 to €51,931
- Deferred charges and accrued income -€6,728
down €6,728 (-97.1%), from €6,929 to €201
- Current portion of long-term debt -€199,314
down €199,314 (-90.9%), from €219,205 to €19,891
- Other debts +€193,138
new in 2025: €193,138
- Profit (loss) carried forward -€44,061
down €44,061 (-724%), from -€6,086 to -€50,147
- Debts after one year -€23,706
down €23,706 (-18.8%), from €126,240 to €102,534
- Gross operating margin +€18,977
up €18,977, from -€2,418 to €16,559
- Depreciation -€3,368
down €3,368 (-5.8%), from €58,244 to €54,876
- Other operating charges +€1,082
up €1,082 (+37.0%), from €2,928 to €4,011
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 | €611,189 | €537,742 | -€73,447 | -12.0% |
| Fixed assets | 21/28 | €481,933 | €432,897 | -€49,037 | -10.2% |
| Tangible fixed assets | 22/27 | €481,933 | €432,897 | -€49,037 | -10.2% |
| Land and buildings | 22 | €367,070 | €338,067 | -€29,003 | -7.9% |
| Plant, machinery and equipment | 23 | €112,580 | €94,457 | -€18,123 | -16.1% |
| Furniture and vehicles | 24 | €2,283 | €373 | -€1,910 | -83.7% |
| Current assets | 29/58 | €129,255 | €104,845 | -€24,410 | -18.9% |
| Stocks and contracts in progress | 3 | €64,160 | €51,931 | -€12,229 | -19.1% |
| Stocks | 30/36 | €64,160 | €51,931 | -€12,229 | -19.1% |
| Amounts receivable within one year | 40/41 | €3,978 | €1,669 | -€2,309 | -58.0% |
| Trade receivables | 40 | - | €1,669 | +€1,669 | |
| Other amounts receivable | 41 | €3,978 | €0 | -€3,978 | -100% |
| Cash at bank and in hand | 54/58 | €54,188 | €51,044 | -€3,144 | -5.8% |
| Deferred charges and accrued income | 490/1 | €6,929 | €201 | -€6,728 | -97.1% |
| Total equity and liabilities | 10/49 | €611,189 | €537,742 | -€73,447 | -12.0% |
| Equity | 10/15 | €263,914 | €219,853 | -€44,061 | -16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,086 | -€50,147 | -€44,061 | -724% |
| Amounts payable | 17/49 | €347,275 | €317,889 | -€29,386 | -8.5% |
| Amounts payable after more than one year | 17 | €126,240 | €102,534 | -€23,706 | -18.8% |
| Financial debts | 170/4 | €126,240 | €102,534 | -€23,706 | -18.8% |
| Amounts payable within one year | 42/48 | €221,035 | €215,355 | -€5,680 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €219,205 | €19,891 | -€199,314 | -90.9% |
| Trade debts | 44 | €1,560 | €1,316 | -€244 | -15.7% |
| Suppliers | 440/4 | €1,560 | €1,316 | -€244 | -15.7% |
| Taxes, remuneration and social security | 45 | €270 | €1,010 | +€740 | +274% |
| Taxes | 450/3 | €270 | €1,010 | +€740 | +274% |
| Other amounts payable | 47/48 | - | €193,138 | +€193,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,244 | €54,876 | -€3,368 | -5.8% |
| Other operating charges | 640/8 | €2,928 | €4,011 | +€1,082 | +37.0% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | -€2,418 | €16,559 | +€18,977 | |
| Operating profit (loss) | 9901 | -€63,590 | -€42,487 | +€21,103 | +33.2% |
| Financial income | 75/76B | €4 | €16 | +€12 | +324% |
| Recurring financial income | 75 | €4 | €16 | +€12 | +324% |
| Financial charges | 65/66B | €1,718 | €1,590 | -€127 | -7.4% |
| Recurring financial charges | 65 | €1,718 | €1,590 | -€127 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€65,304 | -€44,061 | +€21,243 | +32.5% |
| Profit (loss) for the period | 9904 | -€65,304 | -€44,061 | +€21,243 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,304 | -€44,061 | +€21,243 | +32.5% |
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 24 October 2026 via checked.be.