HALLALI: what changed
HALLALI
Largest movements
- Cash +€32,994
up €32,994 (+48.6%), from €67,914 to €100,909
mainly Net result for the year (+€29,682) and Depreciation (+€18,071)
- Tangible fixed assets -€18,071
down €18,071 (-6.4%), from €281,076 to €263,005
of which Land and buildings: -€15,433
- Receivables within one year -€4,491
down €4,491 (-14.5%), from €30,946 to €26,455
- Reserves +€29,682
up €29,682 (+33.0%), from €90,037 to €119,719
- Debts after one year -€28,873
down €28,873 (-14.2%), from €202,995 to €174,122
of which Financial debts: -€29,318
- Tax, wage and social debts +€5,942
up €5,942 (+42.2%), from €14,082 to €20,024
of which Taxes: +€3,742
- Trade debts +€4,091
up €4,091 (+4,545%), from €90 to €4,181
- Gross operating margin +€5,481
up €5,481 (+8.0%), from €68,108 to €73,590
- Taxes +€1,723
up €1,723 (+17.5%), from €9,825 to €11,549
- Financial charges -€1,682
down €1,682 (-12.8%), from €13,100 to €11,418
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,367 | €391,840 | +€10,472 | +2.7% |
| Fixed assets | 21/28 | €281,076 | €263,005 | -€18,071 | -6.4% |
| Tangible fixed assets | 22/27 | €281,076 | €263,005 | -€18,071 | -6.4% |
| Land and buildings | 22 | €258,733 | €243,300 | -€15,433 | -6.0% |
| Plant, machinery and equipment | 23 | €22,343 | €19,705 | -€2,638 | -11.8% |
| Current assets | 29/58 | €100,292 | €128,835 | +€28,543 | +28.5% |
| Amounts receivable within one year | 40/41 | €30,946 | €26,455 | -€4,491 | -14.5% |
| Trade receivables | 40 | €30,946 | €26,455 | -€4,491 | -14.5% |
| Cash at bank and in hand | 54/58 | €67,914 | €100,909 | +€32,994 | +48.6% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,472 | +€40 | +2.8% |
| Total equity and liabilities | 10/49 | €381,367 | €391,840 | +€10,472 | +2.7% |
| Equity | 10/15 | €130,051 | €159,733 | +€29,682 | +22.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €90,037 | €119,719 | +€29,682 | +33.0% |
| Distributable reserves | 133 | €90,037 | €119,719 | +€29,682 | +33.0% |
| Profit (loss) carried forward | 14 | €15 | €15 | = | 0.0% |
| Amounts payable | 17/49 | €251,316 | €232,107 | -€19,210 | -7.6% |
| Amounts payable after more than one year | 17 | €202,995 | €174,122 | -€28,873 | -14.2% |
| Financial debts | 170/4 | €176,689 | €147,371 | -€29,318 | -16.6% |
| Other amounts payable | 178/9 | €26,307 | €26,751 | +€444 | +1.7% |
| Amounts payable within one year | 42/48 | €45,290 | €57,090 | +€11,800 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €27,683 | €29,318 | +€1,635 | +5.9% |
| Financial debts | 43 | €2,236 | €2,368 | +€132 | +5.9% |
| Credit institutions | 430/8 | €2,236 | €2,368 | +€132 | +5.9% |
| Trade debts | 44 | €90 | €4,181 | +€4,091 | +4,545% |
| Suppliers | 440/4 | €90 | €4,181 | +€4,091 | +4,545% |
| Taxes, remuneration and social security | 45 | €14,082 | €20,024 | +€5,942 | +42.2% |
| Taxes | 450/3 | €14,082 | €17,824 | +€3,742 | +26.6% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,031 | €894 | -€2,136 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,571 | €18,071 | +€500 | +2.8% |
| Other operating charges | 640/8 | €2,782 | €2,870 | +€88 | +3.1% |
| Gross operating margin | 9900 | €68,108 | €73,590 | +€5,481 | +8.0% |
| Operating profit (loss) | 9901 | €47,755 | €52,649 | +€4,894 | +10.2% |
| Financial charges | 65/66B | €13,100 | €11,418 | -€1,682 | -12.8% |
| Recurring financial charges | 65 | €13,100 | €11,418 | -€1,682 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €34,655 | €41,231 | +€6,576 | +19.0% |
| Income taxes | 67/77 | €9,825 | €11,549 | +€1,723 | +17.5% |
| Profit (loss) for the period | 9904 | €24,830 | €29,682 | +€4,852 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,830 | €29,682 | +€4,852 | +19.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.