HALISTAIR: 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.
HALISTAIR
Largest movements
- Cash +€109,041
up €109,041 (+222%), from €49,209 to €158,250
mainly Net result for the year (+€85,443) and Other debts (+€83,673)
- Other debts +€83,673
up €83,673 (+220%), from €38,039 to €121,712
- Tax, wage and social debts +€21,735
up €21,735 (+200%), from €10,854 to €32,590
- Trade debts +€2,050
up €2,050 (+49.5%), from €4,140 to €6,190
- Gross operating margin +€19,665
up €19,665 (+21.6%), from €91,188 to €110,852
- Taxes +€5,272
up €5,272 (+29.0%), from €18,177 to €23,449
- Other operating charges -€1,539
down €1,539 (-79.7%), from €1,932 to €393
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 | €56,374 | €163,491 | +€107,117 | +190% |
| Fixed assets | 21/28 | €2,305 | €1,353 | -€952 | -41.3% |
| Tangible fixed assets | 22/27 | €2,305 | €1,353 | -€952 | -41.3% |
| Furniture and vehicles | 24 | €2,305 | €1,353 | -€952 | -41.3% |
| Current assets | 29/58 | €54,069 | €162,139 | +€108,070 | +200% |
| Amounts receivable within one year | 40/41 | €4,860 | €3,889 | -€971 | -20.0% |
| Trade receivables | 40 | €3,037 | €2,063 | -€974 | -32.1% |
| Other amounts receivable | 41 | €1,823 | €1,826 | +€3 | +0.1% |
| Cash at bank and in hand | 54/58 | €49,209 | €158,250 | +€109,041 | +222% |
| Total equity and liabilities | 10/49 | €56,374 | €163,491 | +€107,117 | +190% |
| Equity | 10/15 | €3,341 | €3,000 | -€341 | -10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341 | - | -€341 | |
| Amounts payable | 17/49 | €53,033 | €160,491 | +€107,458 | +203% |
| Amounts payable within one year | 42/48 | €53,033 | €160,491 | +€107,458 | +203% |
| Trade debts | 44 | €4,140 | €6,190 | +€2,050 | +49.5% |
| Suppliers | 440/4 | €4,140 | €6,190 | +€2,050 | +49.5% |
| Taxes, remuneration and social security | 45 | €10,854 | €32,590 | +€21,735 | +200% |
| Taxes | 450/3 | €10,854 | €32,590 | +€21,735 | +200% |
| Other amounts payable | 47/48 | €38,039 | €121,712 | +€83,673 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €952 | +€403 | +73.4% |
| Other operating charges | 640/8 | €1,932 | €393 | -€1,539 | -79.7% |
| Gross operating margin | 9900 | €91,188 | €110,852 | +€19,665 | +21.6% |
| Operating profit (loss) | 9901 | €88,706 | €109,507 | +€20,800 | +23.4% |
| Financial charges | 65/66B | €188 | €615 | +€426 | +227% |
| Recurring financial charges | 65 | €188 | €615 | +€426 | +227% |
| Profit (loss) for the period before taxes | 9903 | €88,518 | €108,892 | +€20,374 | +23.0% |
| Income taxes | 67/77 | €18,177 | €23,449 | +€5,272 | +29.0% |
| Profit (loss) for the period | 9904 | €70,341 | €85,443 | +€15,102 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,341 | €85,443 | +€15,102 | +21.5% |
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 15 October 2026 via checked.be.