HALPA: 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.
HALPA
Largest movements
- Tangible fixed assets -€17,690
down €17,690 (-8.3%), from €212,807 to €195,117
of which Land and buildings: -€10,599
- Profit (loss) carried forward -€19,984
down €19,984 (-7.3%), from -€274,330 to -€294,314
- Current portion of long-term debt +€3,001
up €3,001 (+1.2%), from €253,015 to €256,016
- Turnover -€2,680
down €2,680 (-83.0%), from €3,230 to €550
- Purchases and services -€2,389
down €2,389 (-42.1%), from €5,680 to €3,291
- Gross operating margin -€291
down €291 (-11.9%), from -€2,450 to -€2,741
- Other operating charges +€265
up €265 (+25.1%), from €1,055 to €1,320
- Depreciation -€226
down €226 (-1.2%), from €18,610 to €18,384
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 | €217,951 | €198,250 | -€19,701 | -9.0% |
| Fixed assets | 21/28 | €212,807 | €195,117 | -€17,690 | -8.3% |
| Tangible fixed assets | 22/27 | €212,807 | €195,117 | -€17,690 | -8.3% |
| Land and buildings | 22 | €204,399 | €193,800 | -€10,599 | -5.2% |
| Plant, machinery and equipment | 23 | €1,524 | €1,317 | -€207 | -13.6% |
| Furniture and vehicles | 24 | €6,884 | - | -€6,884 | |
| Current assets | 29/58 | €5,144 | €3,133 | -€2,011 | -39.1% |
| Cash at bank and in hand | 54/58 | €5,144 | €3,133 | -€2,011 | -39.1% |
| Total equity and liabilities | 10/49 | €217,951 | €198,250 | -€19,701 | -9.0% |
| Equity | 10/15 | -€47,315 | -€68,949 | -€21,634 | -45.7% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €41,095 | €39,445 | -€1,650 | -4.0% |
| Non-distributable reserves | 130/1 | €19,645 | €19,645 | = | 0.0% |
| Other | 1319 | €19,645 | €19,645 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,450 | €19,800 | -€1,650 | -7.7% |
| Profit (loss) carried forward | 14 | -€274,330 | -€294,314 | -€19,984 | -7.3% |
| Provisions and deferred taxes | 16 | €11,050 | €10,200 | -€850 | -7.7% |
| Deferred taxes | 168 | €11,050 | €10,200 | -€850 | -7.7% |
| Amounts payable | 17/49 | €254,216 | €256,999 | +€2,783 | +1.1% |
| Amounts payable within one year | 42/48 | €254,216 | €256,999 | +€2,783 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €253,015 | €256,016 | +€3,001 | +1.2% |
| Trade debts | 44 | €1,201 | €983 | -€218 | -18.2% |
| Suppliers | 440/4 | €1,201 | €983 | -€218 | -18.2% |
| Turnover | 70 | €3,230 | €550 | -€2,680 | -83.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,680 | €3,291 | -€2,389 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,610 | €18,384 | -€226 | -1.2% |
| Other operating charges | 640/8 | €1,055 | €1,320 | +€265 | +25.1% |
| Gross operating margin | 9900 | -€2,450 | -€2,741 | -€291 | -11.9% |
| Operating profit (loss) | 9901 | -€22,115 | -€22,445 | -€330 | -1.5% |
| Financial charges | 65/66B | €39 | €39 | = | 0.0% |
| Recurring financial charges | 65 | €39 | €39 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,154 | -€22,484 | -€330 | -1.5% |
| Transfer from deferred taxes | 780 | €850 | €850 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€21,304 | -€21,634 | -€330 | -1.5% |
| Transfer from tax-exempt reserves | 789 | €1,650 | €1,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,654 | -€19,984 | -€330 | -1.7% |
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 10 October 2026 via checked.be.