HALLENSIAS: 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.
HALLENSIAS
Largest movements
- Current investments +€187,718
up €187,718 (+71.1%), from €263,983 to €451,701
- Cash -€158,691
down €158,691 (-96.3%), from €164,846 to €6,155
mainly Current investments (-€187,718) and Tax, wage and social debts (-€9,935)
- Receivables within one year +€8,310
up €8,310 (+508%), from €1,637 to €9,947
- Tangible fixed assets -€6,736
down €6,736 (-92.4%), from €7,290 to €555
- Reserves +€45,606
up €45,606 (+11.4%), from €401,189 to €446,794
- Tax, wage and social debts -€9,935
down €9,935 (-54.5%), from €18,227 to €8,292
of which Taxes: -€12,960
- Gross operating margin -€64,549
down €64,549 (-51.3%), from €125,716 to €61,167
- Taxes -€17,061
down €17,061 (-47.8%), from €35,718 to €18,656
- Financial income +€4,076
up €4,076 (+56.6%), from €7,198 to €11,274
- Depreciation -€1,768
down €1,768 (-20.8%), from €8,503 to €6,736
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 | €440,180 | €469,028 | +€28,849 | +6.6% |
| Fixed assets | 21/28 | €7,290 | €555 | -€6,736 | -92.4% |
| Tangible fixed assets | 22/27 | €7,290 | €555 | -€6,736 | -92.4% |
| Furniture and vehicles | 24 | €7,290 | €555 | -€6,736 | -92.4% |
| Current assets | 29/58 | €432,889 | €468,474 | +€35,584 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,637 | €9,947 | +€8,310 | +508% |
| Other amounts receivable | 41 | €1,637 | €9,947 | +€8,310 | +508% |
| Current investments | 50/53 | €263,983 | €451,701 | +€187,718 | +71.1% |
| Cash at bank and in hand | 54/58 | €164,846 | €6,155 | -€158,691 | -96.3% |
| Deferred charges and accrued income | 490/1 | €2,423 | €671 | -€1,752 | -72.3% |
| Total equity and liabilities | 10/49 | €440,180 | €469,028 | +€28,849 | +6.6% |
| Equity | 10/15 | €413,189 | €458,794 | +€45,606 | +11.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €401,189 | €446,794 | +€45,606 | +11.4% |
| Distributable reserves | 133 | €401,189 | €446,794 | +€45,606 | +11.4% |
| Amounts payable | 17/49 | €26,991 | €10,234 | -€16,757 | -62.1% |
| Amounts payable within one year | 42/48 | €22,591 | €10,234 | -€12,357 | -54.7% |
| Trade debts | 44 | €4,364 | €1,942 | -€2,421 | -55.5% |
| Suppliers | 440/4 | €4,364 | €1,942 | -€2,421 | -55.5% |
| Taxes, remuneration and social security | 45 | €18,227 | €8,292 | -€9,935 | -54.5% |
| Taxes | 450/3 | €18,227 | €5,267 | -€12,960 | -71.1% |
| Remuneration and social security | 454/9 | - | €3,025 | +€3,025 | |
| Accrued charges and deferred income | 492/3 | €4,400 | - | -€4,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,503 | €6,736 | -€1,768 | -20.8% |
| Other operating charges | 640/8 | €851 | €1,122 | +€271 | +31.8% |
| Gross operating margin | 9900 | €125,716 | €61,167 | -€64,549 | -51.3% |
| Operating profit (loss) | 9901 | €116,361 | €53,309 | -€63,052 | -54.2% |
| Financial income | 75/76B | €7,198 | €11,274 | +€4,076 | +56.6% |
| Recurring financial income | 75 | €7,198 | €11,274 | +€4,076 | +56.6% |
| Financial charges | 65/66B | €1,239 | €321 | -€918 | -74.1% |
| Recurring financial charges | 65 | €1,239 | €321 | -€918 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €122,320 | €64,262 | -€58,058 | -47.5% |
| Income taxes | 67/77 | €35,718 | €18,656 | -€17,061 | -47.8% |
| Profit (loss) for the period | 9904 | €86,602 | €45,606 | -€40,996 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,602 | €45,606 | -€40,996 | -47.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.