HALLECO: 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.
HALLECO
Largest movements
- Tangible fixed assets +€41,506
up €41,506 (+214%), from €19,427 to €60,933
- Cash +€23,621
up €23,621 (+86.2%), from €27,389 to €51,010
mainly Net result for the year (+€41,539) and Debts after one year (+€22,368)
- Deferred charges and accrued income +€3,089
up €3,089 (+73.1%), from €4,225 to €7,314
- Profit (loss) carried forward +€41,539
up €41,539, from -€30,937 to €10,601
- Debts after one year +€22,368
up €22,368 (+176%), from €12,703 to €35,071
- Tax, wage and social debts +€17,698
up €17,698 (+138%), from €12,862 to €30,560
of which Taxes: +€15,351
- Trade debts -€15,779
down €15,779 (-28.3%), from €55,681 to €39,902
- Other debts -€11,360
down €11,360 (-78.1%), from €14,537 to €3,177
- Gross operating margin +€46,811
up €46,811 (+38.1%), from €122,976 to €169,788
- Taxes +€13,442
up €13,442 (+507%), from €2,649 to €16,091
- Staff costs -€3,064
down €3,064 (-3.4%), from €90,479 to €87,415
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 | €130,480 | €200,307 | +€69,827 | +53.5% |
| Fixed assets | 21/28 | €25,051 | €66,557 | +€41,506 | +166% |
| Tangible fixed assets | 22/27 | €19,427 | €60,933 | +€41,506 | +214% |
| Furniture and vehicles | 24 | €19,427 | €60,933 | +€41,506 | +214% |
| Financial fixed assets | 28 | €5,624 | €5,624 | = | 0.0% |
| Current assets | 29/58 | €105,429 | €133,749 | +€28,321 | +26.9% |
| Stocks and contracts in progress | 3 | €21,500 | €23,160 | +€1,660 | +7.7% |
| Stocks | 30/36 | €21,500 | €23,160 | +€1,660 | +7.7% |
| Amounts receivable within one year | 40/41 | €52,314 | €52,265 | -€49 | -0.1% |
| Trade receivables | 40 | €44,710 | €40,278 | -€4,432 | -9.9% |
| Other amounts receivable | 41 | €7,604 | €11,987 | +€4,383 | +57.6% |
| Cash at bank and in hand | 54/58 | €27,389 | €51,010 | +€23,621 | +86.2% |
| Deferred charges and accrued income | 490/1 | €4,225 | €7,314 | +€3,089 | +73.1% |
| Total equity and liabilities | 10/49 | €130,480 | €200,307 | +€69,827 | +53.5% |
| Equity | 10/15 | €29,584 | €71,122 | +€41,539 | +140% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,921 | €41,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,061 | €40,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,937 | €10,601 | +€41,539 | |
| Amounts payable | 17/49 | €100,896 | €129,184 | +€28,288 | +28.0% |
| Amounts payable after more than one year | 17 | €12,703 | €35,071 | +€22,368 | +176% |
| Financial debts | 170/4 | €12,703 | €35,071 | +€22,368 | +176% |
| Amounts payable within one year | 42/48 | €88,193 | €88,113 | -€80 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,113 | €14,475 | +€9,361 | +183% |
| Trade debts | 44 | €55,681 | €39,902 | -€15,779 | -28.3% |
| Suppliers | 440/4 | €55,681 | €39,902 | -€15,779 | -28.3% |
| Taxes, remuneration and social security | 45 | €12,862 | €30,560 | +€17,698 | +138% |
| Taxes | 450/3 | €3,059 | €18,411 | +€15,351 | +502% |
| Remuneration and social security | 454/9 | €9,803 | €12,149 | +€2,346 | +23.9% |
| Other amounts payable | 47/48 | €14,537 | €3,177 | -€11,360 | -78.1% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €90,479 | €87,415 | -€3,064 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,810 | €15,739 | +€930 | +6.3% |
| Other operating charges | 640/8 | €4,627 | €5,247 | +€620 | +13.4% |
| Gross operating margin | 9900 | €122,976 | €169,788 | +€46,811 | +38.1% |
| Operating profit (loss) | 9901 | €13,061 | €61,387 | +€48,326 | +370% |
| Financial charges | 65/66B | €3,218 | €3,757 | +€538 | +16.7% |
| Recurring financial charges | 65 | €2,767 | €3,757 | +€990 | +35.8% |
| Non-recurring financial charges | 66B | €452 | - | -€452 | |
| Profit (loss) for the period before taxes | 9903 | €9,842 | €57,630 | +€47,788 | +486% |
| Income taxes | 67/77 | €2,649 | €16,091 | +€13,442 | +507% |
| Profit (loss) for the period | 9904 | €7,193 | €41,539 | +€34,346 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €7,193 | €41,539 | +€34,346 | +477% |
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 28 October 2026 via checked.be.