HALTECH: 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.
HALTECH
Largest movements
- Cash +€110,618
up €110,618 (+2271.9%), from €4,869 to €115,487
mainly Other debts (+€202,567) and Net result for the year (+€102,117)
- Financial fixed assets +€36,000
new in 2025: €36,000
- Receivables within one year -€12,968
down €12,968 (-24.5%), from €53,033 to €40,065
of which Trade receivables: -€11,112
- Tangible fixed assets -€8,941
down €8,941 (-6.2%), from €144,874 to €135,934
of which Furniture and vehicles: -€8,546
- Other debts +€202,567
up €202,567 (+289.4%), from €70,000 to €272,567
- Profit (loss) carried forward -€77,883
down €77,883 (-98.7%), from €78,914 to €1,031
- Debts after one year -€12,239
down €12,239 (-70.4%), from €17,394 to €5,156
- Tax, wage and social debts +€5,025
up €5,025 (+69.5%), from €7,234 to €12,259
- Trade debts +€4,958
up €4,958 (+186.3%), from €2,661 to €7,619
- Gross operating margin +€32,287
up €32,287 (+19.8%), from €163,071 to €195,358
- Financial charges +€17,725
up €17,725 (+54.7%), from €32,430 to €50,155
- Depreciation +€7,796
up €7,796 (+227.7%), from €3,424 to €11,221
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 | €209,783 | €332,365 | +€122,582 | +58.4% |
| Fixed assets | 21/28 | €144,874 | €171,934 | +€27,059 | +18.7% |
| Tangible fixed assets | 22/27 | €144,874 | €135,934 | -€8,941 | -6.2% |
| Land and buildings | 22 | €115,000 | €115,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,660 | €1,971 | +€311 | +18.7% |
| Furniture and vehicles | 24 | €24,349 | €15,803 | -€8,546 | -35.1% |
| Other tangible fixed assets | 26 | €3,865 | €3,160 | -€705 | -18.2% |
| Financial fixed assets | 28 | - | €36,000 | +€36,000 | |
| Current assets | 29/58 | €64,909 | €160,432 | +€95,523 | +147.2% |
| Stocks and contracts in progress | 3 | €4,801 | €4,801 | = | 0.0% |
| Stocks | 30/36 | €4,801 | €4,801 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,033 | €40,065 | -€12,968 | -24.5% |
| Trade receivables | 40 | €51,178 | €40,065 | -€11,112 | -21.7% |
| Other amounts receivable | 41 | €1,856 | - | -€1,856 | |
| Cash at bank and in hand | 54/58 | €4,869 | €115,487 | +€110,618 | +2271.9% |
| Deferred charges and accrued income | 490/1 | €2,206 | €79 | -€2,127 | -96.4% |
| Total equity and liabilities | 10/49 | €209,783 | €332,365 | +€122,582 | +58.4% |
| Equity | 10/15 | €99,374 | €21,491 | -€77,883 | -78.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,914 | €1,031 | -€77,883 | -98.7% |
| Amounts payable | 17/49 | €110,409 | €310,874 | +€200,465 | +181.6% |
| Amounts payable after more than one year | 17 | €17,394 | €5,156 | -€12,239 | -70.4% |
| Financial debts | 170/4 | €17,394 | €5,156 | -€12,239 | -70.4% |
| Amounts payable within one year | 42/48 | €92,941 | €305,695 | +€212,753 | +228.9% |
| Current portion of amounts payable after more than one year | 42 | €13,046 | €13,250 | +€204 | +1.6% |
| Trade debts | 44 | €2,661 | €7,619 | +€4,958 | +186.3% |
| Suppliers | 440/4 | €2,661 | €7,619 | +€4,958 | +186.3% |
| Taxes, remuneration and social security | 45 | €7,234 | €12,259 | +€5,025 | +69.5% |
| Taxes | 450/3 | €7,234 | €12,259 | +€5,025 | +69.5% |
| Other amounts payable | 47/48 | €70,000 | €272,567 | +€202,567 | +289.4% |
| Accrued charges and deferred income | 492/3 | €73 | €24 | -€49 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,424 | €11,221 | +€7,796 | +227.7% |
| Other operating charges | 640/8 | €1,827 | €1,769 | -€59 | -3.2% |
| Gross operating margin | 9900 | €163,071 | €195,358 | +€32,287 | +19.8% |
| Operating profit (loss) | 9901 | €157,820 | €182,369 | +€24,549 | +15.6% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €32,430 | €50,155 | +€17,725 | +54.7% |
| Recurring financial charges | 65 | €32,430 | €50,155 | +€17,725 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €125,412 | €132,214 | +€6,801 | +5.4% |
| Income taxes | 67/77 | €28,292 | €30,096 | +€1,805 | +6.4% |
| Profit (loss) for the period | 9904 | €97,121 | €102,117 | +€4,997 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,121 | €102,117 | +€4,997 | +5.1% |
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 5 October 2026 via checked.be.