HALTON: 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.
HALTON
Largest movements
- Receivables within one year -€209,125
down €209,125 (-15.5%), from €1.3m to €1.1m
of which Trade receivables: -€199,209
- Tangible fixed assets +€51,590
up €51,590 (+126.8%), from €40,675 to €92,266
of which Furniture and vehicles: +€54,469
- Cash +€45,838
up €45,838 (+13.4%), from €341,280 to €387,117
mainly Receivables within one year (+€209,125) and Net result for the year (+€53,069)
- Trade debts -€133,341
down €133,341 (-6.1%), from €2.2m to €2.0m
- Profit (loss) carried forward +€53,069
up €53,069 (+4.7%), from -€1.1m to -€1.1m
- Staff costs -€344,991
down €344,991 (-31.7%), from €1.1m to €744,682
- Gross operating margin -€201,617
down €201,617 (-19.7%), from €1.0m to €824,241
- Write-downs -€46,500
down €46,500, from €29,500 to -€17,000
- Depreciation +€13,058
up €13,058 (+133.6%), from €9,777 to €22,835
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 | €1,875,731 | €1,764,494 | -€111,237 | -5.9% |
| Fixed assets | 21/28 | €59,982 | €107,853 | +€47,870 | +79.8% |
| Tangible fixed assets | 22/27 | €40,675 | €92,266 | +€51,590 | +126.8% |
| Plant, machinery and equipment | 23 | €18,590 | €15,711 | -€2,879 | -15.5% |
| Furniture and vehicles | 24 | €22,086 | €76,555 | +€54,469 | +246.6% |
| Financial fixed assets | 28 | €19,307 | €15,587 | -€3,720 | -19.3% |
| Current assets | 29/58 | €1,815,749 | €1,656,642 | -€159,107 | -8.8% |
| Stocks and contracts in progress | 3 | €113,964 | €103,061 | -€10,904 | -9.6% |
| Stocks | 30/36 | €64,102 | €89,922 | +€25,820 | +40.3% |
| Contracts in progress | 37 | €49,862 | €13,139 | -€36,723 | -73.6% |
| Amounts receivable within one year | 40/41 | €1,345,865 | €1,136,740 | -€209,125 | -15.5% |
| Trade receivables | 40 | €1,335,949 | €1,136,740 | -€199,209 | -14.9% |
| Other amounts receivable | 41 | €9,917 | €0 | -€9,917 | -100.0% |
| Cash at bank and in hand | 54/58 | €341,280 | €387,117 | +€45,838 | +13.4% |
| Deferred charges and accrued income | 490/1 | €14,639 | €29,724 | +€15,084 | +103.0% |
| Total equity and liabilities | 10/49 | €1,875,731 | €1,764,494 | -€111,237 | -5.9% |
| Equity | 10/15 | -€568,318 | -€515,249 | +€53,069 | +9.3% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €594,944 | €594,944 | = | 0.0% |
| Uncalled capital | 101 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €59,494 | €59,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59,494 | €59,494 | = | 0.0% |
| Legal reserve | 130 | €59,494 | €59,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,123,599 | -€1,070,530 | +€53,069 | +4.7% |
| Provisions and deferred taxes | 16 | €71,500 | €54,500 | -€17,000 | -23.8% |
| Provisions for liabilities and charges | 160/5 | €71,500 | €54,500 | -€17,000 | -23.8% |
| Other liabilities and charges | 164/5 | €71,500 | €54,500 | -€17,000 | -23.8% |
| Amounts payable | 17/49 | €2,372,549 | €2,225,243 | -€147,306 | -6.2% |
| Amounts payable within one year | 42/48 | €2,372,549 | €2,225,243 | -€147,306 | -6.2% |
| Trade debts | 44 | €2,177,180 | €2,043,838 | -€133,341 | -6.1% |
| Suppliers | 440/4 | €2,177,180 | €2,043,838 | -€133,341 | -6.1% |
| Taxes, remuneration and social security | 45 | €195,369 | €181,405 | -€13,964 | -7.1% |
| Taxes | 450/3 | €59,468 | €52,917 | -€6,551 | -11.0% |
| Remuneration and social security | 454/9 | €135,901 | €128,488 | -€7,414 | -5.5% |
| Remuneration, social security and pensions | 62 | €1,089,674 | €744,682 | -€344,991 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,777 | €22,835 | +€13,058 | +133.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,500 | -€17,000 | -€46,500 | |
| Other operating charges | 640/8 | €6,571 | €6,777 | +€206 | +3.1% |
| Gross operating margin | 9900 | €1,025,858 | €824,241 | -€201,617 | -19.7% |
| Operating profit (loss) | 9901 | -€109,664 | €66,947 | +€176,611 | |
| Financial income | 75/76B | €3,087 | €4,668 | +€1,581 | +51.2% |
| Recurring financial income | 75 | €3,087 | €4,668 | +€1,581 | +51.2% |
| Financial charges | 65/66B | €8,558 | €16,784 | +€8,227 | +96.1% |
| Recurring financial charges | 65 | €8,558 | €16,784 | +€8,227 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | -€115,134 | €54,831 | +€169,965 | |
| Income taxes | 67/77 | €1,621 | €1,762 | +€140 | +8.7% |
| Profit (loss) for the period | 9904 | -€116,755 | €53,069 | +€169,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,755 | €53,069 | +€169,824 |
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 9 October 2026 via checked.be.