HALMES Constructions: 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.
HALMES Constructions
Largest movements
- Tangible fixed assets +€323,941
up €323,941 (+26.4%), from €1.2m to €1.6m
of which Land and buildings: +€296,928
- Receivables within one year -€239,746
down €239,746 (-67.4%), from €355,617 to €115,872
of which Trade receivables: -€188,060
- Cash +€80,881
up €80,881 (+845%), from €9,573 to €90,454
mainly Receivables within one year (+€239,746) and Net result for the year (+€161,952)
- Stocks and contracts +€40,157
up €40,157 (+25.9%), from €155,000 to €195,157
of which Contracts in progress: +€40,157
- Profit (loss) carried forward +€161,952
up €161,952 (+29.5%), from €549,816 to €711,768
- Tax, wage and social debts +€70,096
up €70,096 (+176%), from €39,805 to €109,901
of which Taxes: +€62,177
- Trade debts -€63,300
down €63,300 (-30.9%), from €204,759 to €141,460
- Debts after one year +€48,937
up €48,937 (+7.9%), from €622,148 to €671,084
- Gross operating margin +€70,336
up €70,336 (+13.1%), from €535,286 to €605,622
- Staff costs -€29,905
down €29,905 (-14.5%), from €205,973 to €176,067
- Depreciation +€16,511
up €16,511 (+11.8%), from €140,052 to €156,563
- Financial charges +€13,994
up €13,994 (+27.6%), from €50,689 to €64,684
- Taxes +€13,572
up €13,572 (+41.0%), from €33,089 to €46,660
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 | €1,794,579 | €2,001,147 | +€206,567 | +11.5% |
| Fixed assets | 21/28 | €1,262,741 | €1,586,681 | +€323,941 | +25.7% |
| Tangible fixed assets | 22/27 | €1,227,741 | €1,551,681 | +€323,941 | +26.4% |
| Land and buildings | 22 | €997,190 | €1,294,118 | +€296,928 | +29.8% |
| Plant, machinery and equipment | 23 | €125,206 | €186,840 | +€61,634 | +49.2% |
| Furniture and vehicles | 24 | €105,345 | €70,724 | -€34,621 | -32.9% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €531,839 | €414,465 | -€117,373 | -22.1% |
| Stocks and contracts in progress | 3 | €155,000 | €195,157 | +€40,157 | +25.9% |
| Stocks | 30/36 | €120,000 | €120,000 | = | 0.0% |
| Contracts in progress | 37 | €35,000 | €75,157 | +€40,157 | +115% |
| Amounts receivable within one year | 40/41 | €355,617 | €115,872 | -€239,746 | -67.4% |
| Trade receivables | 40 | €240,358 | €52,298 | -€188,060 | -78.2% |
| Other amounts receivable | 41 | €115,259 | €63,573 | -€51,685 | -44.8% |
| Cash at bank and in hand | 54/58 | €9,573 | €90,454 | +€80,881 | +845% |
| Deferred charges and accrued income | 490/1 | €11,648 | €12,982 | +€1,334 | +11.5% |
| Total equity and liabilities | 10/49 | €1,794,579 | €2,001,147 | +€206,567 | +11.5% |
| Equity | 10/15 | €564,076 | €726,028 | +€161,952 | +28.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549,816 | €711,768 | +€161,952 | +29.5% |
| Amounts payable | 17/49 | €1,230,504 | €1,275,119 | +€44,616 | +3.6% |
| Amounts payable after more than one year | 17 | €622,148 | €671,084 | +€48,937 | +7.9% |
| Financial debts | 170/4 | €622,148 | €671,084 | +€48,937 | +7.9% |
| Amounts payable within one year | 42/48 | €603,593 | €602,144 | -€1,448 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €110,384 | €120,272 | +€9,888 | +9.0% |
| Financial debts | 43 | €165,000 | €165,000 | = | 0.0% |
| Credit institutions | 430/8 | €165,000 | €165,000 | = | 0.0% |
| Trade debts | 44 | €204,759 | €141,460 | -€63,300 | -30.9% |
| Suppliers | 440/4 | €204,759 | €141,460 | -€63,300 | -30.9% |
| Taxes, remuneration and social security | 45 | €39,805 | €109,901 | +€70,096 | +176% |
| Taxes | 450/3 | €18,959 | €81,136 | +€62,177 | +328% |
| Remuneration and social security | 454/9 | €20,846 | €28,765 | +€7,919 | +38.0% |
| Other amounts payable | 47/48 | €83,645 | €65,512 | -€18,133 | -21.7% |
| Accrued charges and deferred income | 492/3 | €4,763 | €1,891 | -€2,873 | -60.3% |
| Remuneration, social security and pensions | 62 | €205,973 | €176,067 | -€29,905 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,052 | €156,563 | +€16,511 | +11.8% |
| Other operating charges | 640/8 | €5,907 | €7,106 | +€1,199 | +20.3% |
| Non-recurring operating charges | 66A | €149 | €301 | +€152 | +102% |
| Gross operating margin | 9900 | €535,286 | €605,622 | +€70,336 | +13.1% |
| Operating profit (loss) | 9901 | €183,206 | €265,584 | +€82,378 | +45.0% |
| Financial income | 75/76B | €7,204 | €7,712 | +€509 | +7.1% |
| Recurring financial income | 75 | €7,204 | €7,712 | +€509 | +7.1% |
| Financial charges | 65/66B | €50,689 | €64,684 | +€13,994 | +27.6% |
| Recurring financial charges | 65 | €50,689 | €64,684 | +€13,994 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €139,720 | €208,612 | +€68,893 | +49.3% |
| Income taxes | 67/77 | €33,089 | €46,660 | +€13,572 | +41.0% |
| Profit (loss) for the period | 9904 | €106,631 | €161,952 | +€55,321 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,631 | €161,952 | +€55,321 | +51.9% |
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 27 October 2026 via checked.be.