HalinP: 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.
HalinP
Largest movements
- Cash -€13,375
down €13,375 (-57.6%), from €23,227 to €9,852
mainly Net result for the year (-€22,445) and Current portion of long-term debt (-€1,912)
- Receivables within one year -€8,185
down €8,185 (-31.7%), from €25,837 to €17,652
of which Trade receivables: -€8,300
- Tangible fixed assets -€3,826
down €3,826 (-33.1%), from €11,551 to €7,725
of which Other tangible fixed assets: -€3,537
- Profit (loss) carried forward -€22,445
down €22,445, from €12,620 to -€9,824
- Current portion of long-term debt -€1,912
down €1,912 (-100.0%), from €1,912 to €0
- Tax, wage and social debts -€1,715
down €1,715 (-15.3%), from €11,192 to €9,477
of which Remuneration and social security: -€2,141
- Trade debts +€675
up €675 (+2.5%), from €26,964 to €27,639
- Staff costs +€5,673
up €5,673 (+12.1%), from €47,026 to €52,699
- Other operating charges +€5,037
up €5,037 (+134.3%), from €3,750 to €8,787
- Write-downs +€2,924
new in 2025: €2,924
- Depreciation -€2,790
down €2,790 (-35.7%), from €7,805 to €5,016
- Gross operating margin +€2,648
up €2,648 (+5.7%), from €46,477 to €49,125
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 | €65,970 | €40,595 | -€25,374 | -38.5% |
| Fixed assets | 21/28 | €13,351 | €9,525 | -€3,826 | -28.7% |
| Tangible fixed assets | 22/27 | €11,551 | €7,725 | -€3,826 | -33.1% |
| Plant, machinery and equipment | 23 | €2,133 | €2,353 | +€221 | +10.3% |
| Furniture and vehicles | 24 | €833 | €324 | -€509 | -61.1% |
| Other tangible fixed assets | 26 | €8,585 | €5,048 | -€3,537 | -41.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €52,619 | €31,070 | -€21,549 | -41.0% |
| Stocks and contracts in progress | 3 | €3,475 | €3,076 | -€399 | -11.5% |
| Stocks | 30/36 | €3,475 | €3,076 | -€399 | -11.5% |
| Amounts receivable within one year | 40/41 | €25,837 | €17,652 | -€8,185 | -31.7% |
| Trade receivables | 40 | €25,837 | €17,537 | -€8,300 | -32.1% |
| Other amounts receivable | 41 | €0 | €114 | +€114 | |
| Cash at bank and in hand | 54/58 | €23,227 | €9,852 | -€13,375 | -57.6% |
| Deferred charges and accrued income | 490/1 | €79 | €490 | +€410 | +516.4% |
| Total equity and liabilities | 10/49 | €65,970 | €40,595 | -€25,374 | -38.5% |
| Equity | 10/15 | €25,060 | €2,616 | -€22,445 | -89.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40 | €40 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40 | €40 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40 | €40 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,620 | -€9,824 | -€22,445 | |
| Amounts payable | 17/49 | €40,909 | €37,980 | -€2,930 | -7.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,909 | €37,980 | -€2,930 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €1,912 | €0 | -€1,912 | -100.0% |
| Trade debts | 44 | €26,964 | €27,639 | +€675 | +2.5% |
| Suppliers | 440/4 | €26,964 | €27,639 | +€675 | +2.5% |
| Taxes, remuneration and social security | 45 | €11,192 | €9,477 | -€1,715 | -15.3% |
| Taxes | 450/3 | €748 | €1,174 | +€427 | +57.1% |
| Remuneration and social security | 454/9 | €10,444 | €8,303 | -€2,141 | -20.5% |
| Other amounts payable | 47/48 | €841 | €864 | +€23 | +2.7% |
| Remuneration, social security and pensions | 62 | €47,026 | €52,699 | +€5,673 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,805 | €5,016 | -€2,790 | -35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,924 | +€2,924 | |
| Other operating charges | 640/8 | €3,750 | €8,787 | +€5,037 | +134.3% |
| Gross operating margin | 9900 | €46,477 | €49,125 | +€2,648 | +5.7% |
| Operating profit (loss) | 9901 | -€12,103 | -€20,300 | -€8,196 | -67.7% |
| Financial income | 75/76B | €18 | €8 | -€9 | -52.6% |
| Recurring financial income | 75 | €18 | €8 | -€9 | -52.6% |
| Financial charges | 65/66B | €1,445 | €2,153 | +€709 | +49.0% |
| Recurring financial charges | 65 | €1,445 | €2,153 | +€709 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
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 12 October 2026 via checked.be.