HALLEUX: 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.
HALLEUX
Largest movements
- Stocks and contracts -€85,330
down €85,330 (-23.6%), from €362,196 to €276,866
- Deferred charges and accrued income +€62,471
up €62,471 (+710%), from €8,798 to €71,269
- Tangible fixed assets -€32,521
down €32,521 (-48.6%), from €66,967 to €34,447
of which Furniture and vehicles: -€31,961
- Cash -€31,729
down €31,729 (-38.3%), from €82,842 to €51,113
mainly Trade debts (-€74,709) and Deferred charges and accrued income (-€62,471)
- Receivables within one year -€15,104
down €15,104 (-5.7%), from €263,830 to €248,726
of which Trade receivables: -€16,441
- Trade debts -€74,709
down €74,709 (-60.0%), from €124,592 to €49,883
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Reserves +€20,000
up €20,000 (+4.0%), from €500,860 to €520,860
of which Distributable reserves: +€20,000
- Other debts -€19,993
down €19,993 (-97.6%), from €20,489 to €496
- Tax, wage and social debts +€8,216
up €8,216 (+12.5%), from €65,732 to €73,948
of which Remuneration and social security: +€10,409
- Gross operating margin +€41,050
up €41,050 (+18.6%), from €220,820 to €261,870
- Staff costs +€36,340
up €36,340 (+29.3%), from €123,886 to €160,227
- Write-downs +€14,976
new in 2025: €14,976
- Taxes +€10,719
up €10,719 (+75.1%), from €14,275 to €24,994
- Depreciation -€7,944
down €7,944 (-17.4%), from €45,592 to €37,649
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 | €792,921 | €690,771 | -€102,150 | -12.9% |
| Fixed assets | 21/28 | €75,256 | €42,797 | -€32,459 | -43.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €66,967 | €34,447 | -€32,521 | -48.6% |
| Plant, machinery and equipment | 23 | €2,683 | €2,123 | -€560 | -20.9% |
| Furniture and vehicles | 24 | €64,284 | €32,324 | -€31,961 | -49.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €8,288 | €8,350 | +€62 | +0.7% |
| Current assets | 29/58 | €717,665 | €647,974 | -€69,691 | -9.7% |
| Stocks and contracts in progress | 3 | €362,196 | €276,866 | -€85,330 | -23.6% |
| Stocks | 30/36 | €362,196 | €276,866 | -€85,330 | -23.6% |
| Amounts receivable within one year | 40/41 | €263,830 | €248,726 | -€15,104 | -5.7% |
| Trade receivables | 40 | €255,972 | €239,532 | -€16,441 | -6.4% |
| Other amounts receivable | 41 | €7,857 | €9,195 | +€1,337 | +17.0% |
| Cash at bank and in hand | 54/58 | €82,842 | €51,113 | -€31,729 | -38.3% |
| Deferred charges and accrued income | 490/1 | €8,798 | €71,269 | +€62,471 | +710% |
| Total equity and liabilities | 10/49 | €792,921 | €690,771 | -€102,150 | -12.9% |
| Equity | 10/15 | €529,559 | €551,564 | +€22,005 | +4.2% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €500,860 | €520,860 | +€20,000 | +4.0% |
| Non-distributable reserves | 130/1 | €2,860 | €2,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,860 | €2,860 | = | 0.0% |
| Distributable reserves | 133 | €498,000 | €518,000 | +€20,000 | +4.0% |
| Profit (loss) carried forward | 14 | €99 | €2,104 | +€2,005 | +2,025% |
| Amounts payable | 17/49 | €263,362 | €139,207 | -€124,155 | -47.1% |
| Amounts payable after more than one year | 17 | €6,208 | - | -€6,208 | |
| Financial debts | 170/4 | €6,208 | - | -€6,208 | |
| Amounts payable within one year | 42/48 | €248,492 | €130,643 | -€117,850 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €11,674 | €6,208 | -€5,466 | -46.8% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €124,592 | €49,883 | -€74,709 | -60.0% |
| Suppliers | 440/4 | €124,592 | €49,883 | -€74,709 | -60.0% |
| Advances received on contracts in progress | 46 | €1,006 | €108 | -€898 | -89.3% |
| Taxes, remuneration and social security | 45 | €65,732 | €73,948 | +€8,216 | +12.5% |
| Taxes | 450/3 | €50,909 | €48,716 | -€2,193 | -4.3% |
| Remuneration and social security | 454/9 | €14,823 | €25,231 | +€10,409 | +70.2% |
| Other amounts payable | 47/48 | €20,489 | €496 | -€19,993 | -97.6% |
| Accrued charges and deferred income | 492/3 | €8,662 | €8,565 | -€97 | -1.1% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | €123,886 | €160,227 | +€36,340 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,592 | €37,649 | -€7,944 | -17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,976 | +€14,976 | |
| Other operating charges | 640/8 | €4,675 | €3,737 | -€938 | -20.1% |
| Gross operating margin | 9900 | €220,820 | €261,870 | +€41,050 | +18.6% |
| Operating profit (loss) | 9901 | €46,666 | €45,282 | -€1,384 | -3.0% |
| Financial income | 75/76B | €7,548 | €5,953 | -€1,594 | -21.1% |
| Recurring financial income | 75 | €7,548 | €5,953 | -€1,594 | -21.1% |
| Financial charges | 65/66B | €7,748 | €4,236 | -€3,512 | -45.3% |
| Recurring financial charges | 65 | €7,748 | €4,236 | -€3,512 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €46,466 | €46,999 | +€533 | +1.1% |
| Income taxes | 67/77 | €14,275 | €24,994 | +€10,719 | +75.1% |
| Profit (loss) for the period | 9904 | €32,190 | €22,005 | -€10,186 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,190 | €22,005 | -€10,186 | -31.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.