HALON: 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.
HALON
Largest movements
- Tangible fixed assets -€140,194
down €140,194 (-12.3%), from €1.1m to €997,597
- Receivables within one year +€31,186
up €31,186 (+150.7%), from €20,692 to €51,878
of which Trade receivables: +€30,805
- Deferred charges and accrued income +€28,872
up €28,872 (+156.0%), from €18,511 to €47,384
- Cash -€15,783
down €15,783 (-8.2%), from €191,863 to €176,080
mainly Debts after one year (-€156,182) and Receivables within one year (-€31,186)
- Debts after one year -€156,182
down €156,182 (-23.1%), from €677,223 to €521,041
- Trade debts +€23,449
up €23,449 (+10.5%), from €222,288 to €245,737
- Profit (loss) carried forward +€19,779
up €19,779 (+21.6%), from -€91,396 to -€71,617
- Tax, wage and social debts +€14,341
up €14,341 (+18.3%), from €78,450 to €92,791
of which Remuneration and social security: +€15,209
- Staff costs +€87,322
up €87,322 (+9.6%), from €913,024 to €1.0m
- Gross operating margin +€13,434
up €13,434 (+1.1%), from €1.2m to €1.2m
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 | €1,390,060 | €1,296,573 | -€93,487 | -6.7% |
| Fixed assets | 21/28 | €1,138,386 | €998,192 | -€140,194 | -12.3% |
| Tangible fixed assets | 22/27 | €1,137,791 | €997,597 | -€140,194 | -12.3% |
| Plant, machinery and equipment | 23 | €1,137,791 | €997,597 | -€140,194 | -12.3% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €251,674 | €298,381 | +€46,707 | +18.6% |
| Stocks and contracts in progress | 3 | €20,608 | €23,040 | +€2,432 | +11.8% |
| Stocks | 30/36 | €20,608 | €23,040 | +€2,432 | +11.8% |
| Amounts receivable within one year | 40/41 | €20,692 | €51,878 | +€31,186 | +150.7% |
| Trade receivables | 40 | €20,692 | €51,497 | +€30,805 | +148.9% |
| Other amounts receivable | 41 | - | €381 | +€381 | |
| Cash at bank and in hand | 54/58 | €191,863 | €176,080 | -€15,783 | -8.2% |
| Deferred charges and accrued income | 490/1 | €18,511 | €47,384 | +€28,872 | +156.0% |
| Total equity and liabilities | 10/49 | €1,390,060 | €1,296,573 | -€93,487 | -6.7% |
| Equity | 10/15 | €258,604 | €278,383 | +€19,779 | +7.6% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,396 | -€71,617 | +€19,779 | +21.6% |
| Amounts payable | 17/49 | €1,131,456 | €1,018,189 | -€113,267 | -10.0% |
| Amounts payable after more than one year | 17 | €677,223 | €521,041 | -€156,182 | -23.1% |
| Financial debts | 170/4 | €677,223 | €521,041 | -€156,182 | -23.1% |
| Amounts payable within one year | 42/48 | €451,585 | €494,981 | +€43,396 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €150,308 | €156,182 | +€5,875 | +3.9% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €222,288 | €245,737 | +€23,449 | +10.5% |
| Suppliers | 440/4 | €222,288 | €245,737 | +€23,449 | +10.5% |
| Taxes, remuneration and social security | 45 | €78,450 | €92,791 | +€14,341 | +18.3% |
| Taxes | 450/3 | €1,484 | €615 | -€869 | -58.6% |
| Remuneration and social security | 454/9 | €76,966 | €92,176 | +€15,209 | +19.8% |
| Other amounts payable | 47/48 | €539 | €259 | -€280 | -51.9% |
| Accrued charges and deferred income | 492/3 | €2,648 | €2,167 | -€481 | -18.2% |
| Remuneration, social security and pensions | 62 | €913,024 | €1,000,346 | +€87,322 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,654 | €141,110 | +€1,456 | +1.0% |
| Other operating charges | 640/8 | €10,501 | €11,322 | +€820 | +7.8% |
| Gross operating margin | 9900 | €1,195,930 | €1,209,364 | +€13,434 | +1.1% |
| Operating profit (loss) | 9901 | €132,751 | €56,586 | -€76,165 | -57.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.9% |
| Financial charges | 65/66B | €40,928 | €36,807 | -€4,122 | -10.1% |
| Recurring financial charges | 65 | €40,928 | €36,807 | -€4,122 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €91,823 | €19,779 | -€72,043 | -78.5% |
| Profit (loss) for the period | 9904 | €91,823 | €19,779 | -€72,043 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,823 | €19,779 | -€72,043 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.