Halnet: what changed
Two fiscal 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.
Halnet
Largest movements
- Tangible fixed assets -€35,248
down €35,248 (-7.3%), from €481,053 to €445,805
- Cash -€29,158
down €29,158 (-77.7%), from €37,517 to €8,360
mainly Debts after one year (-€36,542) and Net result for the year (-€30,940)
- Receivables within one year +€10,234
up €10,234 (+42.4%), from €24,127 to €34,361
of which Trade receivables: +€10,496
- Debts after one year -€36,542
down €36,542 (-9.2%), from €399,311 to €362,769
- Reserves -€27,504
down €27,504 (-100.0%), from €27,504 to €0
- Trade debts +€15,735
up €15,735 (+172.9%), from €9,100 to €24,835
- Depreciation +€7,784
up €7,784 (+27.8%), from €28,012 to €35,796
- Gross operating margin -€5,364
down €5,364 (-19.8%), from €27,073 to €21,710
- Financial charges +€4,796
up €4,796 (+41.4%), from €11,584 to €16,380
- Other operating charges -€456
down €456 (-48.8%), from €934 to €478
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,694 | €489,768 | -€53,927 | -9.9% |
| Formation expenses | 20 | €997 | €449 | -€548 | -55.0% |
| Fixed assets | 21/28 | €481,053 | €445,805 | -€35,248 | -7.3% |
| Tangible fixed assets | 22/27 | €481,053 | €445,805 | -€35,248 | -7.3% |
| Plant, machinery and equipment | 23 | €481,053 | €445,805 | -€35,248 | -7.3% |
| Current assets | 29/58 | €61,644 | €43,514 | -€18,130 | -29.4% |
| Amounts receivable within one year | 40/41 | €24,127 | €34,361 | +€10,234 | +42.4% |
| Trade receivables | 40 | €21,636 | €32,132 | +€10,496 | +48.5% |
| Other amounts receivable | 41 | €2,491 | €2,229 | -€262 | -10.5% |
| Cash at bank and in hand | 54/58 | €37,517 | €8,360 | -€29,158 | -77.7% |
| Deferred charges and accrued income | 490/1 | - | €793 | +€793 | |
| Total equity and liabilities | 10/49 | €543,694 | €489,768 | -€53,927 | -9.9% |
| Equity | 10/15 | €96,004 | €65,063 | -€30,940 | -32.2% |
| Contributions | 10/11 | €68,500 | €68,500 | = | 0.0% |
| Reserves | 13 | €27,504 | €0 | -€27,504 | -100.0% |
| Distributable reserves | 133 | €27,504 | €0 | -€27,504 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,437 | -€3,437 | |
| Amounts payable | 17/49 | €447,691 | €424,704 | -€22,986 | -5.1% |
| Amounts payable after more than one year | 17 | €399,311 | €362,769 | -€36,542 | -9.2% |
| Financial debts | 170/4 | €399,311 | €362,769 | -€36,542 | -9.2% |
| Amounts payable within one year | 42/48 | €48,380 | €61,936 | +€13,556 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €35,246 | €36,542 | +€1,296 | +3.7% |
| Trade debts | 44 | €9,100 | €24,835 | +€15,735 | +172.9% |
| Suppliers | 440/4 | €9,100 | €24,835 | +€15,735 | +172.9% |
| Taxes, remuneration and social security | 45 | €3,054 | €402 | -€2,652 | -86.8% |
| Taxes | 450/3 | €3,054 | €402 | -€2,652 | -86.8% |
| Other amounts payable | 47/48 | €981 | €157 | -€824 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,012 | €35,796 | +€7,784 | +27.8% |
| Other operating charges | 640/8 | €934 | €478 | -€456 | -48.8% |
| Gross operating margin | 9900 | €27,073 | €21,710 | -€5,364 | -19.8% |
| Operating profit (loss) | 9901 | -€1,873 | -€14,565 | -€12,692 | -677.7% |
| Financial income | 75/76B | €15 | €4 | -€11 | -72.6% |
| Recurring financial income | 75 | €15 | €4 | -€11 | -72.6% |
| Financial charges | 65/66B | €11,584 | €16,380 | +€4,796 | +41.4% |
| Recurring financial charges | 65 | €11,584 | €16,380 | +€4,796 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,442 | -€30,940 | -€17,498 | -130.2% |
| Profit (loss) for the period | 9904 | -€13,442 | -€30,940 | -€17,498 | -130.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,442 | -€30,940 | -€17,498 | -130.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.