Haltza Berria: what changed
Haltza Berria
Largest movements
- Current investments +€126,557
up €126,557 (+41.6%), from €304,437 to €430,995
- Cash +€46,553
up €46,553 (+233%), from €20,021 to €66,574
mainly Net result for the year (+€236,117) and Receivables within one year (+€34,628)
- Receivables within one year -€34,628
down €34,628 (-25.3%), from €137,107 to €102,479
of which Trade receivables: -€29,876
- Reserves +€236,117
up €236,117 (+82.8%), from €285,081 to €521,198
of which Distributable reserves: +€118,237
- Other debts -€90,000
down €90,000 (-100%), from €90,000 to €0
- Tax, wage and social debts -€14,467
down €14,467 (-31.6%), from €45,810 to €31,343
- Gross operating margin -€15,509
down €15,509 (-5.0%), from €311,222 to €295,714
- Financial income +€13,225
up €13,225 (+94.5%), from €13,990 to €27,215
- Depreciation -€8,174
down €8,174 (-60.4%), from €13,541 to €5,367
- Financial charges +€5,302
up €5,302 (+508%), from €1,043 to €6,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,275 | €623,829 | +€134,554 | +27.5% |
| Fixed assets | 21/28 | €22,131 | €18,153 | -€3,977 | -18.0% |
| Tangible fixed assets | 22/27 | €22,131 | €18,153 | -€3,977 | -18.0% |
| Plant, machinery and equipment | 23 | €6,958 | €6,266 | -€692 | -9.9% |
| Furniture and vehicles | 24 | €15,172 | €11,887 | -€3,285 | -21.7% |
| Current assets | 29/58 | €467,145 | €605,676 | +€138,531 | +29.7% |
| Amounts receivable within one year | 40/41 | €137,107 | €102,479 | -€34,628 | -25.3% |
| Trade receivables | 40 | €132,244 | €102,368 | -€29,876 | -22.6% |
| Other amounts receivable | 41 | €4,863 | €111 | -€4,752 | -97.7% |
| Current investments | 50/53 | €304,437 | €430,995 | +€126,557 | +41.6% |
| Cash at bank and in hand | 54/58 | €20,021 | €66,574 | +€46,553 | +233% |
| Deferred charges and accrued income | 490/1 | €5,579 | €5,628 | +€49 | +0.9% |
| Total equity and liabilities | 10/49 | €489,275 | €623,829 | +€134,554 | +27.5% |
| Equity | 10/15 | €287,081 | €523,198 | +€236,117 | +82.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €285,081 | €521,198 | +€236,117 | +82.8% |
| Tax-exempt reserves | 132 | - | €117,880 | +€117,880 | |
| Distributable reserves | 133 | €285,081 | €403,318 | +€118,237 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,194 | €100,631 | -€101,564 | -50.2% |
| Amounts payable within one year | 42/48 | €137,204 | €33,409 | -€103,795 | -75.7% |
| Trade debts | 44 | €1,394 | €2,066 | +€672 | +48.2% |
| Suppliers | 440/4 | €1,394 | €2,066 | +€672 | +48.2% |
| Taxes, remuneration and social security | 45 | €45,810 | €31,343 | -€14,467 | -31.6% |
| Taxes | 450/3 | €45,810 | €31,343 | -€14,467 | -31.6% |
| Other amounts payable | 47/48 | €90,000 | €0 | -€90,000 | -100% |
| Accrued charges and deferred income | 492/3 | €64,990 | €67,222 | +€2,232 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,541 | €5,367 | -€8,174 | -60.4% |
| Other operating charges | 640/8 | €787 | €614 | -€173 | -22.0% |
| Gross operating margin | 9900 | €311,222 | €295,714 | -€15,509 | -5.0% |
| Operating profit (loss) | 9901 | €296,894 | €289,733 | -€7,162 | -2.4% |
| Financial income | 75/76B | €13,990 | €27,215 | +€13,225 | +94.5% |
| Recurring financial income | 75 | €13,990 | €27,215 | +€13,225 | +94.5% |
| Financial charges | 65/66B | €1,043 | €6,345 | +€5,302 | +508% |
| Recurring financial charges | 65 | €1,043 | €6,345 | +€5,302 | +508% |
| Profit (loss) for the period before taxes | 9903 | €309,841 | €310,603 | +€761 | +0.2% |
| Income taxes | 67/77 | €75,474 | €74,486 | -€989 | -1.3% |
| Profit (loss) for the period | 9904 | €234,367 | €236,117 | +€1,750 | +0.7% |
| Transfer to tax-exempt reserves | 689 | - | €117,880 | +€117,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,367 | €118,237 | -€116,130 | -49.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.