HALLEPHAR: 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.
HALLEPHAR
Largest movements
- Current investments -€74,114
down €74,114 (-20.5%), from €360,842 to €286,728
- Cash +€27,245
up €27,245 (+28.5%), from €95,498 to €122,744
mainly Current investments (+€74,114) and Net result for the year (+€58,311)
- Tangible fixed assets -€25,947
down €25,947 (-25.0%), from €103,802 to €77,854
of which Land and buildings: -€25,250
- Reserves -€92,510
down €92,510 (-15.7%), from €589,474 to €496,964
- Other debts +€15,174
up €15,174 (+45.5%), from €33,344 to €48,518
- Gross operating margin -€14,838
down €14,838 (-12.9%), from €115,290 to €100,453
- Financial income +€12,911
up €12,911 (+546%), from €2,364 to €15,276
- Taxes -€2,783
down €2,783 (-12.8%), from €21,761 to €18,978
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 | €694,060 | €610,863 | -€83,197 | -12.0% |
| Fixed assets | 21/28 | €112,459 | €86,511 | -€25,947 | -23.1% |
| Tangible fixed assets | 22/27 | €103,802 | €77,854 | -€25,947 | -25.0% |
| Land and buildings | 22 | €101,000 | €75,750 | -€25,250 | -25.0% |
| Plant, machinery and equipment | 23 | €2,802 | €2,104 | -€697 | -24.9% |
| Financial fixed assets | 28 | €8,657 | €8,657 | = | 0.0% |
| Current assets | 29/58 | €581,601 | €524,352 | -€57,250 | -9.8% |
| Stocks and contracts in progress | 3 | €68,629 | €64,263 | -€4,366 | -6.4% |
| Stocks | 30/36 | €68,629 | €64,263 | -€4,366 | -6.4% |
| Amounts receivable within one year | 40/41 | €51,741 | €44,945 | -€6,796 | -13.1% |
| Trade receivables | 40 | €51,173 | €44,945 | -€6,228 | -12.2% |
| Other amounts receivable | 41 | €568 | - | -€568 | |
| Current investments | 50/53 | €360,842 | €286,728 | -€74,114 | -20.5% |
| Cash at bank and in hand | 54/58 | €95,498 | €122,744 | +€27,245 | +28.5% |
| Deferred charges and accrued income | 490/1 | €4,891 | €5,672 | +€781 | +16.0% |
| Total equity and liabilities | 10/49 | €694,060 | €610,863 | -€83,197 | -12.0% |
| Equity | 10/15 | €629,974 | €537,464 | -€92,510 | -14.7% |
| Contributions | 10/11 | €40,500 | €40,500 | = | 0.0% |
| Reserves | 13 | €589,474 | €496,964 | -€92,510 | -15.7% |
| Distributable reserves | 133 | €589,474 | €496,964 | -€92,510 | -15.7% |
| Amounts payable | 17/49 | €64,086 | €73,399 | +€9,313 | +14.5% |
| Amounts payable within one year | 42/48 | €64,086 | €73,399 | +€9,313 | +14.5% |
| Trade debts | 44 | €23,297 | €19,099 | -€4,198 | -18.0% |
| Suppliers | 440/4 | €23,297 | €19,099 | -€4,198 | -18.0% |
| Taxes, remuneration and social security | 45 | €7,445 | €5,783 | -€1,663 | -22.3% |
| Taxes | 450/3 | €7,445 | €5,783 | -€1,663 | -22.3% |
| Other amounts payable | 47/48 | €33,344 | €48,518 | +€15,174 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,603 | €25,947 | +€344 | +1.3% |
| Other operating charges | 640/8 | €2,328 | €2,397 | +€69 | +3.0% |
| Gross operating margin | 9900 | €115,290 | €100,453 | -€14,838 | -12.9% |
| Operating profit (loss) | 9901 | €87,358 | €72,108 | -€15,251 | -17.5% |
| Financial income | 75/76B | €2,364 | €15,276 | +€12,911 | +546% |
| Recurring financial income | 75 | €2,364 | €15,276 | +€12,911 | +546% |
| Financial charges | 65/66B | €10,005 | €10,095 | +€89 | +0.9% |
| Recurring financial charges | 65 | €10,005 | €10,095 | +€89 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €79,718 | €77,289 | -€2,429 | -3.0% |
| Income taxes | 67/77 | €21,761 | €18,978 | -€2,783 | -12.8% |
| Profit (loss) for the period | 9904 | €57,957 | €58,311 | +€354 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,957 | €58,311 | +€354 | +0.6% |
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.