HALO: 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.
HALO
Largest movements
- Tangible fixed assets -€1,277
down €1,277 (-20.0%), from €6,385 to €5,108
- Profit (loss) carried forward -€4,006
down €4,006 (-5.2%), from -€76,754 to -€80,760
- Other debts +€2,599
up €2,599 (+3.5%), from €73,662 to €76,262
- Trade debts +€88
up €88 (+3.4%), from €2,581 to €2,668
- Gross operating margin -€176
down €176 (-8.3%), from -€2,124 to -€2,300
- Other operating charges -€34
down €34 (-8.1%), from €421 to €387
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 | €6,407 | €5,108 | -€1,299 | -20.3% |
| Fixed assets | 21/28 | €6,385 | €5,108 | -€1,277 | -20.0% |
| Tangible fixed assets | 22/27 | €6,385 | €5,108 | -€1,277 | -20.0% |
| Land and buildings | 22 | €6,385 | €5,108 | -€1,277 | -20.0% |
| Current assets | 29/58 | €22 | €0 | -€22 | -100.0% |
| Cash at bank and in hand | 54/58 | €22 | €0 | -€22 | -100.0% |
| Total equity and liabilities | 10/49 | €6,407 | €5,108 | -€1,299 | -20.3% |
| Equity | 10/15 | -€69,836 | -€73,842 | -€4,006 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €718 | €718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €718 | €718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €718 | €718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,754 | -€80,760 | -€4,006 | -5.2% |
| Amounts payable | 17/49 | €76,243 | €78,950 | +€2,707 | +3.6% |
| Amounts payable within one year | 42/48 | €76,243 | €78,950 | +€2,707 | +3.6% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €2,581 | €2,668 | +€88 | +3.4% |
| Suppliers | 440/4 | €2,581 | €2,668 | +€88 | +3.4% |
| Other amounts payable | 47/48 | €73,662 | €76,262 | +€2,599 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €1,277 | = | 0.0% |
| Other operating charges | 640/8 | €421 | €387 | -€34 | -8.1% |
| Gross operating margin | 9900 | -€2,124 | -€2,300 | -€176 | -8.3% |
| Operating profit (loss) | 9901 | -€3,823 | -€3,964 | -€142 | -3.7% |
| Financial charges | 65/66B | €42 | €42 | -€0 | -0.3% |
| Recurring financial charges | 65 | €42 | €42 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,865 | -€4,006 | -€142 | -3.7% |
| Profit (loss) for the period | 9904 | -€3,865 | -€4,006 | -€142 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,865 | -€4,006 | -€142 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.