HALU CONCEPT: 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.
HALU CONCEPT
Largest movements
- Cash -€23,980
down €23,980 (-67.1%), from €35,740 to €11,760
mainly Investment in fixed assets (net) (-€32,730) and Net result for the year (-€20,205)
- Tangible fixed assets +€21,920
up €21,920 (+129.9%), from €16,869 to €38,789
of which Furniture and vehicles: +€24,121
- Receivables within one year +€4,539
up €4,539 (+7.1%), from €63,908 to €68,447
of which Trade receivables: +€4,509
- Stocks and contracts +€1,893
up €1,893 (+56.9%), from €3,326 to €5,219
- Profit (loss) carried forward -€20,205
down €20,205 (-24.9%), from -€81,091 to -€101,296
- Debts after one year +€17,863
new in 2025: €17,863
- Trade debts +€11,144
up €11,144 (+100.7%), from €11,066 to €22,210
- Other debts -€9,602
down €9,602 (-87.6%), from €10,955 to €1,353
- Current portion of long-term debt +€5,377
new in 2025: €5,377
- Gross operating margin -€55,600
down €55,600, from €48,242 to -€7,358
- Depreciation +€4,793
up €4,793 (+79.7%), from €6,017 to €10,810
- Financial income -€4,689
down €4,689 (-98.2%), from €4,776 to €87
of which Non-recurring financial income: -€4,701
- Financial charges +€997
up €997 (+1133.0%), from €88 to €1,085
of which Financial charges: +€997
- Other operating charges -€872
down €872 (-45.1%), from €1,933 to €1,061
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 | €121,843 | €126,215 | +€4,372 | +3.6% |
| Fixed assets | 21/28 | €16,869 | €38,789 | +€21,920 | +129.9% |
| Tangible fixed assets | 22/27 | €16,869 | €38,789 | +€21,920 | +129.9% |
| Plant, machinery and equipment | 23 | €2,772 | €3,964 | +€1,192 | +43.0% |
| Furniture and vehicles | 24 | €1,445 | €25,566 | +€24,121 | +1669.3% |
| Other tangible fixed assets | 26 | €12,652 | €9,259 | -€3,393 | -26.8% |
| Current assets | 29/58 | €104,974 | €87,426 | -€17,548 | -16.7% |
| Stocks and contracts in progress | 3 | €3,326 | €5,219 | +€1,893 | +56.9% |
| Stocks | 30/36 | €3,326 | €5,219 | +€1,893 | +56.9% |
| Amounts receivable within one year | 40/41 | €63,908 | €68,447 | +€4,539 | +7.1% |
| Trade receivables | 40 | €63,594 | €68,103 | +€4,509 | +7.1% |
| Other amounts receivable | 41 | €314 | €344 | +€30 | +9.6% |
| Cash at bank and in hand | 54/58 | €35,740 | €11,760 | -€23,980 | -67.1% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €121,843 | €126,215 | +€4,372 | +3.6% |
| Equity | 10/15 | €98,242 | €78,037 | -€20,205 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,733 | €160,733 | = | 0.0% |
| Distributable reserves | 133 | €160,733 | €160,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,091 | -€101,296 | -€20,205 | -24.9% |
| Amounts payable | 17/49 | €23,601 | €48,178 | +€24,577 | +104.1% |
| Amounts payable after more than one year | 17 | - | €17,863 | +€17,863 | |
| Financial debts | 170/4 | - | €17,863 | +€17,863 | |
| Amounts payable within one year | 42/48 | €23,601 | €30,315 | +€6,714 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,377 | +€5,377 | |
| Trade debts | 44 | €11,066 | €22,210 | +€11,144 | +100.7% |
| Suppliers | 440/4 | €11,066 | €22,210 | +€11,144 | +100.7% |
| Taxes, remuneration and social security | 45 | €1,580 | €1,375 | -€205 | -13.0% |
| Taxes | 450/3 | €1,580 | €1,375 | -€205 | -13.0% |
| Other amounts payable | 47/48 | €10,955 | €1,353 | -€9,602 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,017 | €10,810 | +€4,793 | +79.7% |
| Other operating charges | 640/8 | €1,933 | €1,061 | -€872 | -45.1% |
| Gross operating margin | 9900 | €48,242 | -€7,358 | -€55,600 | |
| Operating profit (loss) | 9901 | €40,292 | -€19,229 | -€59,521 | |
| Financial income | 75/76B | €4,776 | €87 | -€4,689 | -98.2% |
| Recurring financial income | 75 | €75 | €87 | +€12 | +16.0% |
| Non-recurring financial income | 76B | €4,701 | - | -€4,701 | |
| Financial charges | 65/66B | €88 | €1,085 | +€997 | +1133.0% |
| Recurring financial charges | 65 | €88 | €1,085 | +€997 | +1133.0% |
| Non-recurring financial charges | 66B | €88 | - | -€88 | |
| Profit (loss) for the period before taxes | 9903 | €44,980 | -€20,227 | -€65,207 | |
| Income taxes | 67/77 | €7 | -€22 | -€29 | |
| Profit (loss) for the period | 9904 | €44,973 | -€20,205 | -€65,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,973 | -€20,205 | -€65,178 |
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 4 October 2026 via checked.be.