HALLOX: 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.
HALLOX
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+218.5%), from €914,775 to €2.9m
of which Assets under construction and advance payments: +€2.1m
- Cash +€480,767
up €480,767 (+325.3%), from €147,778 to €628,545
mainly Debts after one year (+€2.3m) and Depreciation (+€115,949)
- Debts after one year +€2.3m
up €2.3m (+1323.1%), from €176,479 to €2.5m
of which Other amounts payable: +€2.4m
- Profit (loss) carried forward +€68,864
up €68,864 (+23.0%), from €299,736 to €368,600
- Other debts +€58,543
new in 2025: €58,543
- Trade debts +€52,712
up €52,712 (+90.6%), from €58,195 to €110,906
- Depreciation +€80,951
up €80,951 (+231.3%), from €34,998 to €115,949
- Taxes -€17,311
down €17,311 (-43.0%), from €40,266 to €22,955
- Gross operating margin +€7,109
up €7,109 (+3.3%), from €216,274 to €223,383
- Financial charges -€2,759
down €2,759 (-28.2%), from €9,790 to €7,031
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 | €1,094,948 | €3,604,785 | +€2.5m | +229.2% |
| Fixed assets | 21/28 | €914,890 | €2,913,890 | +€2.0m | +218.5% |
| Tangible fixed assets | 22/27 | €914,775 | €2,913,775 | +€2.0m | +218.5% |
| Land and buildings | 22 | €745,949 | €630,000 | -€115,949 | -15.5% |
| Assets under construction and advance payments | 27 | €168,826 | €2,283,775 | +€2.1m | +1252.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €180,057 | €690,895 | +€510,838 | +283.7% |
| Amounts receivable within one year | 40/41 | €32,280 | €62,350 | +€30,071 | +93.2% |
| Other amounts receivable | 41 | €32,280 | €62,350 | +€30,071 | +93.2% |
| Cash at bank and in hand | 54/58 | €147,778 | €628,545 | +€480,767 | +325.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,094,948 | €3,604,785 | +€2.5m | +229.2% |
| Equity | 10/15 | €807,564 | €876,428 | +€68,864 | +8.5% |
| Contributions | 10/11 | €506,200 | €506,200 | = | 0.0% |
| Reserves | 13 | €1,628 | €1,628 | = | 0.0% |
| Distributable reserves | 133 | €1,628 | €1,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,736 | €368,600 | +€68,864 | +23.0% |
| Amounts payable | 17/49 | €287,384 | €2,728,357 | +€2.4m | +849.4% |
| Amounts payable after more than one year | 17 | €176,479 | €2,511,530 | +€2.3m | +1323.1% |
| Financial debts | 170/4 | €176,479 | €128,673 | -€47,807 | -27.1% |
| Other amounts payable | 178/9 | - | €2,382,857 | +€2.4m | |
| Amounts payable within one year | 42/48 | €110,905 | €216,827 | +€105,923 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €52,710 | €47,378 | -€5,332 | -10.1% |
| Trade debts | 44 | €58,195 | €110,906 | +€52,712 | +90.6% |
| Suppliers | 440/4 | €58,195 | €110,906 | +€52,712 | +90.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €58,543 | +€58,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,998 | €115,949 | +€80,951 | +231.3% |
| Other operating charges | 640/8 | €10,423 | €8,584 | -€1,839 | -17.6% |
| Gross operating margin | 9900 | €216,274 | €223,383 | +€7,109 | +3.3% |
| Operating profit (loss) | 9901 | €170,853 | €98,849 | -€72,004 | -42.1% |
| Financial charges | 65/66B | €9,790 | €7,031 | -€2,759 | -28.2% |
| Recurring financial charges | 65 | €9,790 | €7,031 | -€2,759 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €161,064 | €91,819 | -€69,245 | -43.0% |
| Income taxes | 67/77 | €40,266 | €22,955 | -€17,311 | -43.0% |
| Profit (loss) for the period | 9904 | €120,798 | €68,864 | -€51,934 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,798 | €68,864 | -€51,934 | -43.0% |
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 10 October 2026 via checked.be.