HALINVOLETS: 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.
HALINVOLETS
Largest movements
- Cash +€7,788
up €7,788 (+14.3%), from €54,645 to €62,433
mainly Net result for the year (+€16,118) and Depreciation (+€6,966)
- Tangible fixed assets -€6,966
down €6,966 (-28.8%), from €24,162 to €17,195
of which Furniture and vehicles: -€6,490
- Receivables within one year -€1,900
down €1,900 (-27.3%), from €6,967 to €5,067
of which Trade receivables: -€3,181
- Deferred charges and accrued income -€1,272
down €1,272 (-28.8%), from €4,413 to €3,141
- Reserves +€16,118
up €16,118 (+38.4%), from €41,939 to €58,058
- Tax, wage and social debts -€10,852
down €10,852 (-52.9%), from €20,495 to €9,643
- Debts after one year -€4,960
down €4,960 (-65.9%), from €7,524 to €2,564
- Trade debts -€1,465
down €1,465 (-35.9%), from €4,076 to €2,611
- Other debts -€1,407
no longer reported in 2025 (was €1,407)
- Gross operating margin -€6,078
down €6,078 (-15.5%), from €39,328 to €33,250
- Taxes -€1,591
down €1,591 (-16.5%), from €9,660 to €8,069
- Other operating charges -€425
down €425 (-35.2%), from €1,209 to €784
- Financial charges -€409
down €409 (-20.8%), from €1,964 to €1,555
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 | €90,186 | €87,836 | -€2,350 | -2.6% |
| Fixed assets | 21/28 | €24,162 | €17,195 | -€6,966 | -28.8% |
| Tangible fixed assets | 22/27 | €24,162 | €17,195 | -€6,966 | -28.8% |
| Plant, machinery and equipment | 23 | €1,810 | €1,334 | -€476 | -26.3% |
| Furniture and vehicles | 24 | €22,352 | €15,861 | -€6,490 | -29.0% |
| Current assets | 29/58 | €66,025 | €70,641 | +€4,616 | +7.0% |
| Amounts receivable within one year | 40/41 | €6,967 | €5,067 | -€1,900 | -27.3% |
| Trade receivables | 40 | €3,181 | - | -€3,181 | |
| Other amounts receivable | 41 | €3,786 | €5,067 | +€1,281 | +33.8% |
| Cash at bank and in hand | 54/58 | €54,645 | €62,433 | +€7,788 | +14.3% |
| Deferred charges and accrued income | 490/1 | €4,413 | €3,141 | -€1,272 | -28.8% |
| Total equity and liabilities | 10/49 | €90,186 | €87,836 | -€2,350 | -2.6% |
| Equity | 10/15 | €51,939 | €68,058 | +€16,118 | +31.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €41,939 | €58,058 | +€16,118 | +38.4% |
| Distributable reserves | 133 | €41,939 | €58,058 | +€16,118 | +38.4% |
| Amounts payable | 17/49 | €38,247 | €19,778 | -€18,469 | -48.3% |
| Amounts payable after more than one year | 17 | €7,524 | €2,564 | -€4,960 | -65.9% |
| Financial debts | 170/4 | €7,524 | €2,564 | -€4,960 | -65.9% |
| Amounts payable within one year | 42/48 | €30,722 | €17,214 | -€13,508 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €4,745 | €4,960 | +€215 | +4.5% |
| Trade debts | 44 | €4,076 | €2,611 | -€1,465 | -35.9% |
| Suppliers | 440/4 | €4,076 | €2,611 | -€1,465 | -35.9% |
| Taxes, remuneration and social security | 45 | €20,495 | €9,643 | -€10,852 | -52.9% |
| Taxes | 450/3 | €20,495 | €9,643 | -€10,852 | -52.9% |
| Other amounts payable | 47/48 | €1,407 | - | -€1,407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,966 | €6,966 | = | 0.0% |
| Other operating charges | 640/8 | €1,209 | €784 | -€425 | -35.2% |
| Gross operating margin | 9900 | €39,328 | €33,250 | -€6,078 | -15.5% |
| Operating profit (loss) | 9901 | €31,153 | €25,500 | -€5,653 | -18.1% |
| Financial income | 75/76B | €62 | €242 | +€180 | +290.8% |
| Recurring financial income | 75 | €62 | €242 | +€180 | +290.8% |
| Financial charges | 65/66B | €1,964 | €1,555 | -€409 | -20.8% |
| Recurring financial charges | 65 | €1,964 | €1,555 | -€409 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €29,251 | €24,187 | -€5,064 | -17.3% |
| Income taxes | 67/77 | €9,660 | €8,069 | -€1,591 | -16.5% |
| Profit (loss) for the period | 9904 | €19,591 | €16,118 | -€3,472 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,591 | €16,118 | -€3,472 | -17.7% |
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 29 September 2026 via checked.be.