HALO BY RDW: what changed
What changed
HALO BY RDW
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
€89,290
2024 · €48,706+€40,584
Equity
€161,373
2024 · €72,083+€89,290
Cash
€357,607
2024 · €175,225+€182,383
Balance sheet total
€662,458
2024 · €352,060+€310,398
Largest movements
Assets
- Cash +€182,383
up €182,383 (+104%), from €175,225 to €357,607
mainly Trade debts (+€136,548) and Net result for the year (+€89,290)
- Receivables within one year +€132,792
up €132,792 (+350%), from €37,898 to €170,690
of which Other amounts receivable: +€133,539
Equity and liabilities
- Trade debts +€136,548
up €136,548 (+403%), from €33,881 to €170,429
- Reserves +€89,290
up €89,290 (+167%), from €53,483 to €142,773
- Advances received +€54,462
new in 2025: €54,462
- Other debts +€17,842
up €17,842 (+7.9%), from €227,010 to €244,852
- Tax, wage and social debts +€12,256
up €12,256 (+64.2%), from €19,086 to €31,342
Income statement
- Gross operating margin +€41,969
up €41,969 (+48.0%), from €87,439 to €129,407
- Taxes +€13,171
up €13,171 (+69.0%), from €19,086 to €32,256
- Financial charges -€12,387
down €12,387 (-89.9%), from €13,781 to €1,395
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€48,706
Gross operating margin
+€41,969
Depreciation
-€787
Other operating charges
+€213
Financial income
-€27
Financial charges
+€12,387
Taxes
-€13,171
Result 2025
€89,290
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€185,793
Investment
-€3,411
Financing
€0
Cash 2024
€175,225
From operations (derived)
+€185,793
Net result for the year
+€89,290
Depreciation
+€6,252
Stocks and contracts
-€521
Receivables within one year
-€132,792
Deferred charges and accrued income
+€2,456
Trade debts
+€136,548
Tax, wage and social debts
+€12,256
Advances received
+€54,462
Other debts
+€17,842
Investment (derived)
-€3,411
Investment in fixed assets (net)
-€3,411
Cash 2025
€357,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,060 | €662,458 | +€310,398 | +88.2% |
| Formation expenses | 20 | €494 | €370 | -€123 | -25.0% |
| Fixed assets | 21/28 | €29,363 | €26,645 | -€2,718 | -9.3% |
| Tangible fixed assets | 22/27 | €29,363 | €24,845 | -€4,518 | -15.4% |
| Plant, machinery and equipment | 23 | €19,992 | €16,358 | -€3,634 | -18.2% |
| Furniture and vehicles | 24 | €9,370 | €8,487 | -€883 | -9.4% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €322,203 | €635,443 | +€313,240 | +97.2% |
| Stocks and contracts in progress | 3 | €5,828 | €6,348 | +€521 | +8.9% |
| Stocks | 30/36 | €5,828 | €6,348 | +€521 | +8.9% |
| Amounts receivable within one year | 40/41 | €37,898 | €170,690 | +€132,792 | +350% |
| Trade receivables | 40 | €747 | - | -€747 | |
| Other amounts receivable | 41 | €37,150 | €170,690 | +€133,539 | +359% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,225 | €357,607 | +€182,383 | +104% |
| Deferred charges and accrued income | 490/1 | €3,253 | €797 | -€2,456 | -75.5% |
| Total equity and liabilities | 10/49 | €352,060 | €662,458 | +€310,398 | +88.2% |
| Equity | 10/15 | €72,083 | €161,373 | +€89,290 | +124% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,483 | €142,773 | +€89,290 | +167% |
| Distributable reserves | 133 | €53,483 | €142,773 | +€89,290 | +167% |
| Amounts payable | 17/49 | €279,976 | €501,085 | +€221,108 | +79.0% |
| Amounts payable within one year | 42/48 | €279,976 | €501,085 | +€221,108 | +79.0% |
| Trade debts | 44 | €33,881 | €170,429 | +€136,548 | +403% |
| Suppliers | 440/4 | €33,881 | €170,429 | +€136,548 | +403% |
| Advances received on contracts in progress | 46 | - | €54,462 | +€54,462 | |
| Taxes, remuneration and social security | 45 | €19,086 | €31,342 | +€12,256 | +64.2% |
| Taxes | 450/3 | €19,086 | €31,342 | +€12,256 | +64.2% |
| Other amounts payable | 47/48 | €227,010 | €244,852 | +€17,842 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,465 | €6,252 | +€787 | +14.4% |
| Other operating charges | 640/8 | €428 | €214 | -€213 | -49.9% |
| Gross operating margin | 9900 | €87,439 | €129,407 | +€41,969 | +48.0% |
| Operating profit (loss) | 9901 | €81,546 | €122,941 | +€41,395 | +50.8% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €13,781 | €1,395 | -€12,387 | -89.9% |
| Recurring financial charges | 65 | €13,781 | €1,395 | -€12,387 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €67,791 | €121,546 | +€53,755 | +79.3% |
| Income taxes | 67/77 | €19,086 | €32,256 | +€13,171 | +69.0% |
| Profit (loss) for the period | 9904 | €48,706 | €89,290 | +€40,584 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,706 | €89,290 | +€40,584 | +83.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.