HALTE 45: 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.
HALTE 45
Largest movements
- Receivables within one year +€13,833
up €13,833 (+767.6%), from €1,802 to €15,635
of which Trade receivables: +€15,182
- Intangible fixed assets -€6,201
down €6,201 (-14.9%), from €41,662 to €35,461
- Tangible fixed assets -€5,450
down €5,450 (-20.9%), from €26,077 to €20,627
of which Plant, machinery and equipment: -€4,466
- Deferred charges and accrued income +€1,585
new in 2025: €1,585
- Stocks and contracts +€1,471
up €1,471 (+35.1%), from €4,185 to €5,656
- Other debts -€46,847
down €46,847 (-96.3%), from €48,646 to €1,799
- Trade debts +€21,534
up €21,534 (+218.4%), from €9,859 to €31,392
- Reserves +€18,600
up €18,600 (+241.6%), from €7,700 to €26,300
- Short-term financial debts +€8,000
new in 2025: €8,000
- Current portion of long-term debt +€4,449
new in 2025: €4,449
- Gross operating margin +€15,655
up €15,655 (+37.8%), from €41,404 to €57,059
- Staff costs +€8,734
up €8,734 (+143.1%), from €6,103 to €14,836
- Taxes +€6,537
up €6,537 (+261.4%), from €2,500 to €9,037
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 | €78,369 | €83,432 | +€5,064 | +6.5% |
| Fixed assets | 21/28 | €68,689 | €57,038 | -€11,651 | -17.0% |
| Intangible fixed assets | 21 | €41,662 | €35,461 | -€6,201 | -14.9% |
| Tangible fixed assets | 22/27 | €26,077 | €20,627 | -€5,450 | -20.9% |
| Plant, machinery and equipment | 23 | €24,176 | €19,710 | -€4,466 | -18.5% |
| Furniture and vehicles | 24 | €1,901 | €917 | -€984 | -51.8% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €9,680 | €26,395 | +€16,714 | +172.7% |
| Stocks and contracts in progress | 3 | €4,185 | €5,656 | +€1,471 | +35.1% |
| Stocks | 30/36 | €4,185 | €5,656 | +€1,471 | +35.1% |
| Amounts receivable within one year | 40/41 | €1,802 | €15,635 | +€13,833 | +767.6% |
| Trade receivables | 40 | €240 | €15,423 | +€15,182 | +6314.2% |
| Other amounts receivable | 41 | €1,562 | €212 | -€1,350 | -86.4% |
| Cash at bank and in hand | 54/58 | €3,693 | €3,519 | -€174 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €1,585 | +€1,585 | |
| Total equity and liabilities | 10/49 | €78,369 | €83,432 | +€5,064 | +6.5% |
| Equity | 10/15 | €10,844 | €29,497 | +€18,653 | +172.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,700 | €26,300 | +€18,600 | +241.6% |
| Distributable reserves | 133 | €7,700 | €26,300 | +€18,600 | +241.6% |
| Profit (loss) carried forward | 14 | €144 | €197 | +€53 | +36.9% |
| Amounts payable | 17/49 | €67,525 | €53,935 | -€13,590 | -20.1% |
| Amounts payable after more than one year | 17 | €5,550 | €2,806 | -€2,745 | -49.5% |
| Financial debts | 170/4 | €5,550 | €2,806 | -€2,745 | -49.5% |
| Amounts payable within one year | 42/48 | €61,724 | €51,130 | -€10,595 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,449 | +€4,449 | |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €9,859 | €31,392 | +€21,534 | +218.4% |
| Suppliers | 440/4 | €9,859 | €31,392 | +€21,534 | +218.4% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,220 | €5,489 | +€2,269 | +70.5% |
| Taxes | 450/3 | €2,832 | €4,298 | +€1,466 | +51.8% |
| Remuneration and social security | 454/9 | €388 | €1,192 | +€803 | +206.8% |
| Other amounts payable | 47/48 | €48,646 | €1,799 | -€46,847 | -96.3% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €6,103 | €14,836 | +€8,734 | +143.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,105 | €11,651 | +€546 | +4.9% |
| Other operating charges | 640/8 | €330 | €209 | -€120 | -36.5% |
| Gross operating margin | 9900 | €41,404 | €57,059 | +€15,655 | +37.8% |
| Operating profit (loss) | 9901 | €23,867 | €30,362 | +€6,495 | +27.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €2,489 | €2,672 | +€183 | +7.4% |
| Recurring financial charges | 65 | €2,489 | €2,672 | +€183 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €21,378 | €27,690 | +€6,312 | +29.5% |
| Income taxes | 67/77 | €2,500 | €9,037 | +€6,537 | +261.4% |
| Profit (loss) for the period | 9904 | €18,878 | €18,653 | -€225 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,878 | €18,653 | -€225 | -1.2% |
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 8 October 2026 via checked.be.