HALL-IN: 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.
HALL-IN
Largest movements
- Tangible fixed assets +€42,283
up €42,283 (+444%), from €9,526 to €51,809
of which Furniture and vehicles: +€39,140
- Receivables within one year +€40,970
up €40,970 (+18.3%), from €224,406 to €265,376
of which Trade receivables: +€90,568
- Cash +€19,254
up €19,254 (+43.9%), from €43,825 to €63,080
mainly Advances received (+€60,000) and Net result for the year (+€30,953)
- Stocks and contracts +€7,435
up €7,435 (+77.5%), from €9,589 to €17,023
of which Contracts in progress: +€5,940
- Deferred charges and accrued income +€4,829
new in 2025: €4,829
- Advances received +€60,000
new in 2025: €60,000
- Profit (loss) carried forward +€30,953
up €30,953 (+54.4%), from €56,900 to €87,853
- Tax, wage and social debts +€19,747
up €19,747 (+128%), from €15,446 to €35,193
of which Taxes: +€10,548
- Trade debts -€13,875
down €13,875 (-8.9%), from €155,165 to €141,290
- Debts after one year +€13,528
new in 2025: €13,528
- Gross operating margin +€83,494
up €83,494 (+68.2%), from €122,358 to €205,852
- Staff costs +€45,570
up €45,570 (+40.4%), from €112,708 to €158,278
- Taxes +€8,656
up €8,656 (+457%), from €1,893 to €10,548
- Depreciation +€2,778
up €2,778 (+84.8%), from €3,274 to €6,052
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 | €287,521 | €402,292 | +€114,771 | +39.9% |
| Fixed assets | 21/28 | €9,701 | €51,984 | +€42,283 | +436% |
| Tangible fixed assets | 22/27 | €9,526 | €51,809 | +€42,283 | +444% |
| Plant, machinery and equipment | 23 | €7,898 | €11,041 | +€3,143 | +39.8% |
| Furniture and vehicles | 24 | €1,628 | €40,768 | +€39,140 | +2,404% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €277,820 | €350,308 | +€72,488 | +26.1% |
| Stocks and contracts in progress | 3 | €9,589 | €17,023 | +€7,435 | +77.5% |
| Stocks | 30/36 | €9,589 | €11,083 | +€1,495 | +15.6% |
| Contracts in progress | 37 | - | €5,940 | +€5,940 | |
| Amounts receivable within one year | 40/41 | €224,406 | €265,376 | +€40,970 | +18.3% |
| Trade receivables | 40 | €133,417 | €223,985 | +€90,568 | +67.9% |
| Other amounts receivable | 41 | €90,989 | €41,391 | -€49,598 | -54.5% |
| Cash at bank and in hand | 54/58 | €43,825 | €63,080 | +€19,254 | +43.9% |
| Deferred charges and accrued income | 490/1 | - | €4,829 | +€4,829 | |
| Total equity and liabilities | 10/49 | €287,521 | €402,292 | +€114,771 | +39.9% |
| Equity | 10/15 | €66,900 | €97,853 | +€30,953 | +46.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,900 | €87,853 | +€30,953 | +54.4% |
| Amounts payable | 17/49 | €220,621 | €304,439 | +€83,818 | +38.0% |
| Amounts payable after more than one year | 17 | - | €13,528 | +€13,528 | |
| Financial debts | 170/4 | - | €13,528 | +€13,528 | |
| Amounts payable within one year | 42/48 | €220,621 | €290,899 | +€70,278 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,241 | +€4,241 | |
| Trade debts | 44 | €155,165 | €141,290 | -€13,875 | -8.9% |
| Suppliers | 440/4 | €155,165 | €141,290 | -€13,875 | -8.9% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €15,446 | €35,193 | +€19,747 | +128% |
| Taxes | 450/3 | €1,893 | €12,441 | +€10,548 | +557% |
| Remuneration and social security | 454/9 | €13,553 | €22,752 | +€9,199 | +67.9% |
| Other amounts payable | 47/48 | €50,010 | €50,175 | +€165 | +0.3% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €112,708 | €158,278 | +€45,570 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,274 | €6,052 | +€2,778 | +84.8% |
| Other operating charges | 640/8 | €387 | €430 | +€43 | +11.0% |
| Gross operating margin | 9900 | €122,358 | €205,852 | +€83,494 | +68.2% |
| Operating profit (loss) | 9901 | €5,988 | €41,092 | +€35,104 | +586% |
| Financial income | 75/76B | €376 | €580 | +€204 | +54.3% |
| Recurring financial income | 75 | €371 | €580 | +€209 | +56.4% |
| Non-recurring financial income | 76B | €5 | - | -€5 | |
| Financial charges | 65/66B | €109 | €171 | +€62 | +57.0% |
| Recurring financial charges | 65 | €109 | €171 | +€62 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €6,255 | €41,502 | +€35,246 | +563% |
| Income taxes | 67/77 | €1,893 | €10,548 | +€8,656 | +457% |
| Profit (loss) for the period | 9904 | €4,362 | €30,953 | +€26,591 | +610% |
| Profit (loss) for the period to be appropriated | 9905 | €4,362 | €30,953 | +€26,591 | +610% |
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 17 October 2026 via checked.be.