HALOS: 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.
HALOS
Largest movements
- Stocks and contracts -€8,454
down €8,454 (-7.5%), from €113,407 to €104,953
- Other debts -€8,602
down €8,602 (-7.4%), from €116,383 to €107,782
- Reserves +€2,663
up €2,663 (+9.2%), from €29,036 to €31,699
- Tax, wage and social debts -€1,674
down €1,674 (-13.7%), from €12,196 to €10,522
of which Taxes: -€3,547
- Financial charges -€632
down €632 (-55.9%), from €1,131 to €499
- Taxes +€258
up €258 (+39.0%), from €660 to €918
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 | €165,279 | €157,749 | -€7,530 | -4.6% |
| Fixed assets | 21/28 | €1,628 | €673 | -€954 | -58.6% |
| Tangible fixed assets | 22/27 | €1,628 | €673 | -€954 | -58.6% |
| Plant, machinery and equipment | 23 | €881 | €587 | -€294 | -33.3% |
| Furniture and vehicles | 24 | €746 | €86 | -€661 | -88.5% |
| Current assets | 29/58 | €163,652 | €157,076 | -€6,575 | -4.0% |
| Stocks and contracts in progress | 3 | €113,407 | €104,953 | -€8,454 | -7.5% |
| Stocks | 30/36 | €113,407 | €104,953 | -€8,454 | -7.5% |
| Amounts receivable within one year | 40/41 | €47,145 | €47,294 | +€149 | +0.3% |
| Trade receivables | 40 | €47,126 | €47,294 | +€168 | +0.4% |
| Other amounts receivable | 41 | €19 | €0 | -€19 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,099 | €4,167 | +€1,067 | +34.4% |
| Deferred charges and accrued income | 490/1 | €0 | €663 | +€663 | |
| Total equity and liabilities | 10/49 | €165,279 | €157,749 | -€7,530 | -4.6% |
| Equity | 10/15 | €31,036 | €33,699 | +€2,663 | +8.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,036 | €31,699 | +€2,663 | +9.2% |
| Distributable reserves | 133 | €29,036 | €31,699 | +€2,663 | +9.2% |
| Amounts payable | 17/49 | €134,243 | €124,050 | -€10,193 | -7.6% |
| Amounts payable within one year | 42/48 | €134,014 | €123,822 | -€10,192 | -7.6% |
| Trade debts | 44 | €5,435 | €5,519 | +€84 | +1.6% |
| Suppliers | 440/4 | €5,435 | €5,519 | +€84 | +1.6% |
| Taxes, remuneration and social security | 45 | €12,196 | €10,522 | -€1,674 | -13.7% |
| Taxes | 450/3 | €12,196 | €8,649 | -€3,547 | -29.1% |
| Remuneration and social security | 454/9 | - | €1,873 | +€1,873 | |
| Other amounts payable | 47/48 | €116,383 | €107,782 | -€8,602 | -7.4% |
| Accrued charges and deferred income | 492/3 | €229 | €228 | -€1 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €954 | = | 0.0% |
| Other operating charges | 640/8 | €588 | €543 | -€45 | -7.7% |
| Gross operating margin | 9900 | €5,563 | €5,530 | -€33 | -0.6% |
| Operating profit (loss) | 9901 | €4,020 | €4,032 | +€12 | +0.3% |
| Financial income | 75/76B | €0 | €48 | +€48 | |
| Recurring financial income | 75 | €0 | €48 | +€48 | |
| Financial charges | 65/66B | €1,131 | €499 | -€632 | -55.9% |
| Recurring financial charges | 65 | €1,131 | €499 | -€632 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €2,889 | €3,581 | +€692 | +23.9% |
| Income taxes | 67/77 | €660 | €918 | +€258 | +39.0% |
| Profit (loss) for the period | 9904 | €2,229 | €2,663 | +€434 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,229 | €2,663 | +€434 | +19.5% |
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 28 September 2026 via checked.be.