HALLBAR: 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.
HALLBAR
Largest movements
- Cash -€98,128
down €98,128 (-81.0%), from €121,143 to €23,015
mainly Contributions, distributions and other (-€190,000) and Tax, wage and social debts (-€12,363)
- Tangible fixed assets -€12,077
down €12,077 (-18.9%), from €63,915 to €51,837
- Receivables within one year -€4,811
down €4,811 (-16.7%), from €28,881 to €24,070
of which Trade receivables: -€4,501
- Deferred charges and accrued income -€2,477
down €2,477 (-52.0%), from €4,762 to €2,285
- Profit (loss) carried forward -€151,721
down €151,721 (-98.0%), from €154,827 to €3,106
- Other debts +€55,173
up €55,173, from €0 to €55,173
- Tax, wage and social debts -€12,363
down €12,363 (-41.5%), from €29,788 to €17,426
of which Taxes: -€12,363
- Debts after one year -€9,288
down €9,288 (-49.5%), from €18,755 to €9,467
- Gross operating margin -€7,841
down €7,841 (-11.0%), from €70,985 to €63,145
- Depreciation +€1,953
up €1,953 (+19.3%), from €10,124 to €12,077
- Taxes -€1,244
down €1,244 (-10.4%), from €11,984 to €10,740
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 | €218,701 | €101,207 | -€117,493 | -53.7% |
| Fixed assets | 21/28 | €63,915 | €51,837 | -€12,077 | -18.9% |
| Tangible fixed assets | 22/27 | €63,915 | €51,837 | -€12,077 | -18.9% |
| Furniture and vehicles | 24 | €13,146 | €10,112 | -€3,034 | -23.1% |
| Leasing and similar rights | 25 | €11,590 | €7,430 | -€4,160 | -35.9% |
| Other tangible fixed assets | 26 | €39,179 | €34,295 | -€4,884 | -12.5% |
| Current assets | 29/58 | €154,786 | €49,370 | -€105,416 | -68.1% |
| Amounts receivable within one year | 40/41 | €28,881 | €24,070 | -€4,811 | -16.7% |
| Trade receivables | 40 | €28,459 | €23,958 | -€4,501 | -15.8% |
| Other amounts receivable | 41 | €422 | €112 | -€310 | -73.4% |
| Cash at bank and in hand | 54/58 | €121,143 | €23,015 | -€98,128 | -81.0% |
| Deferred charges and accrued income | 490/1 | €4,762 | €2,285 | -€2,477 | -52.0% |
| Total equity and liabilities | 10/49 | €218,701 | €101,207 | -€117,493 | -53.7% |
| Equity | 10/15 | €156,327 | €4,606 | -€151,721 | -97.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,827 | €3,106 | -€151,721 | -98.0% |
| Amounts payable | 17/49 | €62,374 | €96,602 | +€34,228 | +54.9% |
| Amounts payable after more than one year | 17 | €18,755 | €9,467 | -€9,288 | -49.5% |
| Financial debts | 170/4 | €18,755 | €9,467 | -€9,288 | -49.5% |
| Amounts payable within one year | 42/48 | €43,619 | €86,598 | +€42,978 | +98.5% |
| Current portion of amounts payable after more than one year | 42 | €9,008 | €9,288 | +€280 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,823 | €4,711 | -€112 | -2.3% |
| Suppliers | 440/4 | €4,823 | €4,711 | -€112 | -2.3% |
| Taxes, remuneration and social security | 45 | €29,788 | €17,426 | -€12,363 | -41.5% |
| Taxes | 450/3 | €29,788 | €17,426 | -€12,363 | -41.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €55,173 | +€55,173 | |
| Accrued charges and deferred income | 492/3 | €0 | €537 | +€537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,124 | €12,077 | +€1,953 | +19.3% |
| Other operating charges | 640/8 | €344 | €685 | +€341 | +99.1% |
| Gross operating margin | 9900 | €70,985 | €63,145 | -€7,841 | -11.0% |
| Operating profit (loss) | 9901 | €60,517 | €50,382 | -€10,135 | -16.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €1,552 | €1,364 | -€189 | -12.2% |
| Recurring financial charges | 65 | €1,552 | €1,364 | -€189 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €58,975 | €49,019 | -€9,956 | -16.9% |
| Income taxes | 67/77 | €11,984 | €10,740 | -€1,244 | -10.4% |
| Profit (loss) for the period | 9904 | €46,991 | €38,279 | -€8,712 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,991 | €38,279 | -€8,712 | -18.5% |
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 3 October 2026 via checked.be.