HALK: 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.
HALK
Largest movements
- Receivables within one year +€42,537
up €42,537 (+24.8%), from €171,486 to €214,023
of which Other amounts receivable: +€39,611
- Cash -€9,108
down €9,108 (-43.5%), from €20,939 to €11,831
mainly Receivables within one year (-€42,537) and Trade debts (-€3,663)
- Profit (loss) carried forward +€23,450
up €23,450 (+15.6%), from €150,731 to €174,181
- Tax, wage and social debts +€12,793
up €12,793 (+195.5%), from €6,544 to €19,337
- Trade debts -€3,663
down €3,663 (-17.5%), from €20,916 to €17,253
- Gross operating margin +€8,806
up €8,806 (+16.9%), from €52,206 to €61,012
- Staff costs -€5,901
down €5,901 (-19.7%), from €29,899 to €23,998
- Taxes +€2,370
up €2,370 (+57.4%), from €4,130 to €6,500
- Other operating charges +€2,286
up €2,286 (+86.9%), from €2,630 to €4,916
- Financial charges +€905
up €905 (+229.8%), from €394 to €1,300
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 | €196,791 | €229,370 | +€32,580 | +16.6% |
| Fixed assets | 21/28 | €3,536 | €2,687 | -€849 | -24.0% |
| Tangible fixed assets | 22/27 | €3,396 | €2,547 | -€849 | -25.0% |
| Plant, machinery and equipment | 23 | €3,396 | €2,547 | -€849 | -25.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €193,255 | €226,683 | +€33,429 | +17.3% |
| Stocks and contracts in progress | 3 | €830 | €830 | = | 0.0% |
| Stocks | 30/36 | €830 | €830 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,486 | €214,023 | +€42,537 | +24.8% |
| Trade receivables | 40 | €49,032 | €51,958 | +€2,926 | +6.0% |
| Other amounts receivable | 41 | €122,454 | €162,065 | +€39,611 | +32.3% |
| Cash at bank and in hand | 54/58 | €20,939 | €11,831 | -€9,108 | -43.5% |
| Total equity and liabilities | 10/49 | €196,791 | €229,370 | +€32,580 | +16.6% |
| Equity | 10/15 | €169,331 | €192,781 | +€23,450 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,731 | €174,181 | +€23,450 | +15.6% |
| Amounts payable | 17/49 | €27,459 | €36,589 | +€9,130 | +33.2% |
| Amounts payable within one year | 42/48 | €27,459 | €36,589 | +€9,130 | +33.2% |
| Trade debts | 44 | €20,916 | €17,253 | -€3,663 | -17.5% |
| Suppliers | 440/4 | €20,916 | €17,253 | -€3,663 | -17.5% |
| Taxes, remuneration and social security | 45 | €6,544 | €19,337 | +€12,793 | +195.5% |
| Taxes | 450/3 | €6,544 | €19,337 | +€12,793 | +195.5% |
| Remuneration, social security and pensions | 62 | €29,899 | €23,998 | -€5,901 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €849 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,630 | €4,916 | +€2,286 | +86.9% |
| Gross operating margin | 9900 | €52,206 | €61,012 | +€8,806 | +16.9% |
| Operating profit (loss) | 9901 | €18,829 | €31,249 | +€12,420 | +66.0% |
| Financial charges | 65/66B | €394 | €1,300 | +€905 | +229.8% |
| Recurring financial charges | 65 | €394 | €1,300 | +€905 | +229.8% |
| Profit (loss) for the period before taxes | 9903 | €18,435 | €29,950 | +€11,515 | +62.5% |
| Income taxes | 67/77 | €4,130 | €6,500 | +€2,370 | +57.4% |
| Profit (loss) for the period | 9904 | €14,305 | €23,450 | +€9,145 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,305 | €23,450 | +€9,145 | +63.9% |
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 9 October 2026 via checked.be.