HALTO: 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.
HALTO
Largest movements
- Cash +€46,766
up €46,766 (+120.0%), from €38,976 to €85,742
mainly Net result for the year (+€74,138) and Receivables within one year (+€2,557)
- Receivables within one year -€2,557
down €2,557 (-13.5%), from €18,975 to €16,418
- Reserves +€44,726
up €44,726 (+137.1%), from €32,629 to €77,355
- Gross operating margin +€50,243
up €50,243 (+103.1%), from €48,753 to €98,996
- Taxes +€11,194
up €11,194 (+95.0%), from €11,788 to €22,983
- Depreciation -€8,414
down €8,414 (-97.0%), from €8,677 to €263
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 | €64,440 | €108,715 | +€44,275 | +68.7% |
| Fixed assets | 21/28 | €877 | €614 | -€263 | -30.0% |
| Tangible fixed assets | 22/27 | €877 | €614 | -€263 | -30.0% |
| Plant, machinery and equipment | 23 | €877 | €614 | -€263 | -30.0% |
| Current assets | 29/58 | €63,563 | €108,101 | +€44,538 | +70.1% |
| Amounts receivable within one year | 40/41 | €18,975 | €16,418 | -€2,557 | -13.5% |
| Trade receivables | 40 | €18,975 | €16,418 | -€2,557 | -13.5% |
| Cash at bank and in hand | 54/58 | €38,976 | €85,742 | +€46,766 | +120.0% |
| Deferred charges and accrued income | 490/1 | €5,612 | €5,940 | +€328 | +5.8% |
| Total equity and liabilities | 10/49 | €64,440 | €108,715 | +€44,275 | +68.7% |
| Equity | 10/15 | €42,629 | €87,355 | +€44,726 | +104.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,629 | €77,355 | +€44,726 | +137.1% |
| Distributable reserves | 133 | €32,629 | €77,355 | +€44,726 | +137.1% |
| Amounts payable | 17/49 | €21,812 | €21,360 | -€452 | -2.1% |
| Amounts payable within one year | 42/48 | €21,312 | €20,960 | -€352 | -1.6% |
| Trade debts | 44 | €7,447 | €6,754 | -€692 | -9.3% |
| Suppliers | 440/4 | €7,447 | €6,754 | -€692 | -9.3% |
| Taxes, remuneration and social security | 45 | €13,686 | €13,642 | -€44 | -0.3% |
| Taxes | 450/3 | €13,686 | €13,642 | -€44 | -0.3% |
| Other amounts payable | 47/48 | €180 | €564 | +€385 | +214.3% |
| Accrued charges and deferred income | 492/3 | €500 | €400 | -€100 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,677 | €263 | -€8,414 | -97.0% |
| Other operating charges | 640/8 | €1,392 | €1,394 | +€3 | +0.2% |
| Gross operating margin | 9900 | €48,753 | €98,996 | +€50,243 | +103.1% |
| Operating profit (loss) | 9901 | €38,684 | €97,338 | +€58,654 | +151.6% |
| Financial income | 75/76B | €14 | €4 | -€9 | -67.7% |
| Recurring financial income | 75 | €14 | €4 | -€9 | -67.7% |
| Financial charges | 65/66B | €144 | €222 | +€78 | +54.6% |
| Recurring financial charges | 65 | €144 | €222 | +€78 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €38,554 | €97,121 | +€58,567 | +151.9% |
| Income taxes | 67/77 | €11,788 | €22,983 | +€11,194 | +95.0% |
| Profit (loss) for the period | 9904 | €26,766 | €74,138 | +€47,372 | +177.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,766 | €74,138 | +€47,372 | +177.0% |
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 6 October 2026 via checked.be.