HALONA: 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.
HALONA
Largest movements
- Receivables within one year +€4,489
up €4,489 (+35.4%), from €12,690 to €17,178
of which Other amounts receivable: +€5,431
- Receivables after one year -€3,000
down €3,000 (-54.5%), from €5,500 to €2,500
- Cash -€2,954
down €2,954 (-58.5%), from €5,054 to €2,099
mainly Debts after one year (-€10,934) and Investment in fixed assets (net) (-€6,894)
- Tangible fixed assets -€2,294
down €2,294 (-1.6%), from €143,798 to €141,504
of which Land and buildings: -€4,802
- Debts after one year -€10,934
down €10,934 (-9.8%), from €111,855 to €100,921
- Advances received +€7,041
new in 2025: €7,041
- Profit (loss) carried forward -€4,444
new in 2025: -€4,444
- Current portion of long-term debt +€2,539
up €2,539 (+18.6%), from €13,664 to €16,203
- Gross operating margin -€19,450
down €19,450 (-56.3%), from €34,520 to €15,070
- Staff costs -€5,100
no longer reported in 2025 (was €5,100)
- Taxes -€1,548
down €1,548 (-65.8%), from €2,354 to €806
- Depreciation -€928
down €928 (-9.2%), from €10,116 to €9,188
- Financial charges -€546
down €546 (-15.9%), from €3,436 to €2,891
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 | €184,397 | €178,493 | -€5,904 | -3.2% |
| Fixed assets | 21/28 | €143,798 | €141,504 | -€2,294 | -1.6% |
| Tangible fixed assets | 22/27 | €143,798 | €141,504 | -€2,294 | -1.6% |
| Land and buildings | 22 | €123,178 | €118,376 | -€4,802 | -3.9% |
| Plant, machinery and equipment | 23 | €446 | €1,054 | +€608 | +136% |
| Furniture and vehicles | 24 | €20,174 | €22,074 | +€1,900 | +9.4% |
| Current assets | 29/58 | €40,599 | €36,989 | -€3,609 | -8.9% |
| Amounts receivable after more than one year | 29 | €5,500 | €2,500 | -€3,000 | -54.5% |
| Trade receivables | 290 | €5,500 | €2,500 | -€3,000 | -54.5% |
| Stocks and contracts in progress | 3 | €5,527 | €5,839 | +€313 | +5.7% |
| Stocks | 30/36 | €5,527 | €5,839 | +€313 | +5.7% |
| Amounts receivable within one year | 40/41 | €12,690 | €17,178 | +€4,489 | +35.4% |
| Trade receivables | 40 | €7,984 | €7,041 | -€943 | -11.8% |
| Other amounts receivable | 41 | €4,706 | €10,137 | +€5,431 | +115% |
| Current investments | 50/53 | €9,413 | €8,350 | -€1,063 | -11.3% |
| Cash at bank and in hand | 54/58 | €5,054 | €2,099 | -€2,954 | -58.5% |
| Deferred charges and accrued income | 490/1 | €2,415 | €1,022 | -€1,393 | -57.7% |
| Total equity and liabilities | 10/49 | €184,397 | €178,493 | -€5,904 | -3.2% |
| Equity | 10/15 | €54,377 | €49,100 | -€5,277 | -9.7% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €42,177 | €41,344 | -€833 | -2.0% |
| Distributable reserves | 133 | €42,177 | €41,344 | -€833 | -2.0% |
| Profit (loss) carried forward | 14 | - | -€4,444 | -€4,444 | |
| Amounts payable | 17/49 | €130,020 | €129,394 | -€627 | -0.5% |
| Amounts payable after more than one year | 17 | €111,855 | €100,921 | -€10,934 | -9.8% |
| Financial debts | 170/4 | €111,855 | €100,921 | -€10,934 | -9.8% |
| Amounts payable within one year | 42/48 | €16,891 | €28,345 | +€11,454 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €13,664 | €16,203 | +€2,539 | +18.6% |
| Financial debts | 43 | €1,289 | - | -€1,289 | |
| Credit institutions | 430/8 | €1,289 | - | -€1,289 | |
| Trade debts | 44 | - | €985 | +€985 | |
| Suppliers | 440/4 | - | €985 | +€985 | |
| Advances received on contracts in progress | 46 | - | €7,041 | +€7,041 | |
| Taxes, remuneration and social security | 45 | €1,938 | €3,213 | +€1,275 | +65.8% |
| Taxes | 450/3 | €1,938 | €3,213 | +€1,275 | +65.8% |
| Other amounts payable | 47/48 | - | €903 | +€903 | |
| Accrued charges and deferred income | 492/3 | €1,275 | €128 | -€1,147 | -90.0% |
| Remuneration, social security and pensions | 62 | €5,100 | - | -€5,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,116 | €9,188 | -€928 | -9.2% |
| Other operating charges | 640/8 | €2,648 | €2,274 | -€374 | -14.1% |
| Non-recurring operating charges | 66A | €5,472 | €4,355 | -€1,117 | -20.4% |
| Gross operating margin | 9900 | €34,520 | €15,070 | -€19,450 | -56.3% |
| Operating profit (loss) | 9901 | €11,184 | -€748 | -€11,932 | |
| Financial income | 75/76B | €224 | €1 | -€223 | -99.7% |
| Recurring financial income | 75 | €224 | €1 | -€223 | -99.7% |
| Financial charges | 65/66B | €3,436 | €2,891 | -€546 | -15.9% |
| Recurring financial charges | 65 | €3,436 | €2,891 | -€546 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €7,972 | -€3,638 | -€11,610 | |
| Income taxes | 67/77 | €2,354 | €806 | -€1,548 | -65.8% |
| Profit (loss) for the period | 9904 | €5,618 | -€4,444 | -€10,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,618 | -€4,444 | -€10,062 |
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 13 October 2026 via checked.be.