HALM: 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.
HALM
Largest movements
- Receivables after one year +€29,750
up €29,750 (+270.5%), from €11,000 to €40,750
- Cash +€11,928
up €11,928 (+37.6%), from €31,727 to €43,655
mainly Other debts (+€13,432) and Receivables within one year (+€9,254)
- Receivables within one year -€9,254
down €9,254 (-85.6%), from €10,815 to €1,561
of which Trade receivables: -€10,500
- Tangible fixed assets -€8,982
down €8,982 (-24.9%), from €36,051 to €27,069
- Deferred charges and accrued income -€1,241
down €1,241 (-94.5%), from €1,314 to €73
- Other debts +€13,432
up €13,432 (+36.0%), from €37,313 to €50,745
- Reserves +€7,804
up €7,804 (+20.8%), from €37,472 to €45,276
of which Distributable reserves: +€7,804
- Tax, wage and social debts -€2,699
down €2,699 (-47.4%), from €5,699 to €3,000
- Accrued charges and deferred income +€2,441
up €2,441 (+143.2%), from €1,705 to €4,146
- Financial income -€7,423
down €7,423 (-100.0%), from €7,423 to €0
of which Non-recurring financial income: -€7,330
- Gross operating margin -€7,267
down €7,267 (-24.0%), from €30,226 to €22,958
- Taxes -€2,866
down €2,866 (-49.5%), from €5,796 to €2,929
- Financial charges +€810
up €810 (+47.5%), from €1,705 to €2,515
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 | €100,906 | €123,107 | +€22,201 | +22.0% |
| Fixed assets | 21/28 | €46,051 | €37,069 | -€8,982 | -19.5% |
| Tangible fixed assets | 22/27 | €36,051 | €27,069 | -€8,982 | -24.9% |
| Furniture and vehicles | 24 | €36,051 | €27,069 | -€8,982 | -24.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €54,856 | €86,038 | +€31,183 | +56.8% |
| Amounts receivable after more than one year | 29 | €11,000 | €40,750 | +€29,750 | +270.5% |
| Other amounts receivable | 291 | €11,000 | €40,750 | +€29,750 | +270.5% |
| Amounts receivable within one year | 40/41 | €10,815 | €1,561 | -€9,254 | -85.6% |
| Trade receivables | 40 | €10,815 | €315 | -€10,500 | -97.1% |
| Other amounts receivable | 41 | - | €1,246 | +€1,246 | |
| Cash at bank and in hand | 54/58 | €31,727 | €43,655 | +€11,928 | +37.6% |
| Deferred charges and accrued income | 490/1 | €1,314 | €73 | -€1,241 | -94.5% |
| Total equity and liabilities | 10/49 | €100,906 | €123,107 | +€22,201 | +22.0% |
| Equity | 10/15 | €56,072 | €63,876 | +€7,804 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,472 | €45,276 | +€7,804 | +20.8% |
| 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 | €35,612 | €43,416 | +€7,804 | +21.9% |
| Amounts payable | 17/49 | €44,835 | €59,232 | +€14,397 | +32.1% |
| Amounts payable within one year | 42/48 | €43,130 | €55,086 | +€11,956 | +27.7% |
| Trade debts | 44 | €118 | €1,341 | +€1,223 | +1039.8% |
| Suppliers | 440/4 | €118 | €1,341 | +€1,223 | +1039.8% |
| Taxes, remuneration and social security | 45 | €5,699 | €3,000 | -€2,699 | -47.4% |
| Taxes | 450/3 | €5,699 | €3,000 | -€2,699 | -47.4% |
| Other amounts payable | 47/48 | €37,313 | €50,745 | +€13,432 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,705 | €4,146 | +€2,441 | +143.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,859 | €8,982 | +€123 | +1.4% |
| Other operating charges | 640/8 | €837 | €728 | -€109 | -13.0% |
| Gross operating margin | 9900 | €30,226 | €22,958 | -€7,267 | -24.0% |
| Operating profit (loss) | 9901 | €20,529 | €13,248 | -€7,281 | -35.5% |
| Financial income | 75/76B | €7,423 | €0 | -€7,423 | -100.0% |
| Recurring financial income | 75 | €93 | €0 | -€92 | -99.9% |
| Non-recurring financial income | 76B | €7,330 | - | -€7,330 | |
| Financial charges | 65/66B | €1,705 | €2,515 | +€810 | +47.5% |
| Recurring financial charges | 65 | €1,705 | €2,515 | +€810 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €26,247 | €10,733 | -€15,514 | -59.1% |
| Income taxes | 67/77 | €5,796 | €2,929 | -€2,866 | -49.5% |
| Profit (loss) for the period | 9904 | €20,452 | €7,804 | -€12,648 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,452 | €7,804 | -€12,648 | -61.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.