HALIOTIS: 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.
HALIOTIS
Largest movements
- Receivables within one year -€61,386
down €61,386 (-68.2%), from €89,999 to €28,613
of which Trade receivables: -€61,343
- Cash +€36,598
up €36,598 (+131.2%), from €27,906 to €64,504
mainly Receivables within one year (+€61,386) and Trade debts (+€39,026)
- Tangible fixed assets -€34,102
down €34,102 (-15.3%), from €223,235 to €189,133
of which Plant, machinery and equipment: -€23,159
- Stocks and contracts +€8,370
up €8,370 (+20.9%), from €40,047 to €48,417
- Profit (loss) carried forward -€95,597
down €95,597 (-24.4%), from -€391,555 to -€487,152
- Trade debts +€39,026
up €39,026 (+31.3%), from €124,705 to €163,731
- Debts after one year +€29,562
up €29,562 (+5.3%), from €559,645 to €589,208
of which Financial debts: +€50,230
- Advances received -€26,818
down €26,818 (-79.7%), from €33,658 to €6,841
- Current portion of long-term debt +€5,188
up €5,188, from €0 to €5,188
- Gross operating margin +€178,182
up €178,182 (+88.3%), from €201,738 to €379,920
- Staff costs +€67,863
up €67,863 (+18.7%), from €363,244 to €431,107
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 | €383,144 | €332,777 | -€50,367 | -13.1% |
| Fixed assets | 21/28 | €224,202 | €190,100 | -€34,102 | -15.2% |
| Tangible fixed assets | 22/27 | €223,235 | €189,133 | -€34,102 | -15.3% |
| Land and buildings | 22 | €115,775 | €106,564 | -€9,211 | -8.0% |
| Plant, machinery and equipment | 23 | €105,583 | €82,424 | -€23,159 | -21.9% |
| Furniture and vehicles | 24 | €1,877 | €145 | -€1,732 | -92.3% |
| Financial fixed assets | 28 | €967 | €967 | = | 0.0% |
| Current assets | 29/58 | €158,942 | €142,677 | -€16,265 | -10.2% |
| Stocks and contracts in progress | 3 | €40,047 | €48,417 | +€8,370 | +20.9% |
| Stocks | 30/36 | €40,047 | €48,417 | +€8,370 | +20.9% |
| Amounts receivable within one year | 40/41 | €89,999 | €28,613 | -€61,386 | -68.2% |
| Trade receivables | 40 | €89,907 | €28,564 | -€61,343 | -68.2% |
| Other amounts receivable | 41 | €93 | €49 | -€43 | -46.8% |
| Cash at bank and in hand | 54/58 | €27,906 | €64,504 | +€36,598 | +131.2% |
| Deferred charges and accrued income | 490/1 | €990 | €1,143 | +€153 | +15.5% |
| Total equity and liabilities | 10/49 | €383,144 | €332,777 | -€50,367 | -13.1% |
| Equity | 10/15 | -€379,155 | -€474,752 | -€95,597 | -25.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391,555 | -€487,152 | -€95,597 | -24.4% |
| Amounts payable | 17/49 | €762,299 | €807,529 | +€45,230 | +5.9% |
| Amounts payable after more than one year | 17 | €559,645 | €589,208 | +€29,562 | +5.3% |
| Financial debts | 170/4 | - | €50,230 | +€50,230 | |
| Other amounts payable | 178/9 | €559,645 | €538,978 | -€20,667 | -3.7% |
| Amounts payable within one year | 42/48 | €202,654 | €218,322 | +€15,668 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,188 | +€5,188 | |
| Trade debts | 44 | €124,705 | €163,731 | +€39,026 | +31.3% |
| Suppliers | 440/4 | €124,705 | €163,731 | +€39,026 | +31.3% |
| Advances received on contracts in progress | 46 | €33,658 | €6,841 | -€26,818 | -79.7% |
| Taxes, remuneration and social security | 45 | €44,291 | €42,562 | -€1,729 | -3.9% |
| Taxes | 450/3 | €0 | €82 | +€82 | |
| Remuneration and social security | 454/9 | €44,291 | €42,480 | -€1,811 | -4.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €363,244 | €431,107 | +€67,863 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,695 | €34,102 | -€593 | -1.7% |
| Other operating charges | 640/8 | €2,958 | €2,381 | -€577 | -19.5% |
| Gross operating margin | 9900 | €201,738 | €379,920 | +€178,182 | +88.3% |
| Operating profit (loss) | 9901 | -€199,159 | -€87,670 | +€111,489 | +56.0% |
| Financial income | 75/76B | €107 | €152 | +€45 | +42.2% |
| Recurring financial income | 75 | €107 | €152 | +€45 | +42.2% |
| Financial charges | 65/66B | €5,065 | €8,079 | +€3,014 | +59.5% |
| Recurring financial charges | 65 | €5,065 | €8,079 | +€3,014 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€204,117 | -€95,597 | +€108,520 | +53.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€204,117 | -€95,597 | +€108,520 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,117 | -€95,597 | +€108,520 | +53.2% |
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 30 September 2026 via checked.be.