HALU Invest: what changed
What changed
HALU Invest
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€33,665
2024 · €24,336+€9,329
Equity
€429,720
2024 · €396,054+€33,665
Cash
€94,375
2024 · €85,899+€8,476
Balance sheet total
€890,328
2024 · €901,968-€11,641
Largest movements
Assets
- Tangible fixed assets -€19,430
down €19,430 (-2.4%), from €814,492 to €795,062
Equity and liabilities
- Debts after one year -€34,889
down €34,889 (-7.7%), from €453,092 to €418,204
- Profit (loss) carried forward +€33,665
up €33,665 (+160%), from €21,054 to €54,720
Income statement
- Depreciation -€7,517
down €7,517 (-27.0%), from €27,794 to €20,277
- Taxes +€2,791
up €2,791 (+59.3%), from €4,707 to €7,498
- Gross operating margin +€2,640
up €2,640 (+3.5%), from €74,895 to €77,535
- Financial charges -€2,278
down €2,278 (-18.0%), from €12,652 to €10,374
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.
Result 2024
€24,336
Gross operating margin
+€2,640
Depreciation
+€7,517
Other operating charges
-€314
Financial charges
+€2,278
Taxes
-€2,791
Result 2025
€33,665
raises the resultlowers the result
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.
From operations
+€43,962
Investment
-€847
Financing
-€34,639
Cash 2024
€85,899
From operations (derived)
+€43,962
Net result for the year
+€33,665
Depreciation
+€20,277
Receivables within one year
+€1,577
Deferred charges and accrued income
-€890
Trade debts
-€2,040
Tax, wage and social debts
-€909
Accrued charges and deferred income
-€7,718
Investment (derived)
-€847
Investment in fixed assets (net)
-€847
Financing
-€34,639
Debts after one year
-€34,889
Current portion of long-term debt
+€250
Cash 2025
€94,375
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,968 | €890,328 | -€11,641 | -1.3% |
| Fixed assets | 21/28 | €814,492 | €795,062 | -€19,430 | -2.4% |
| Tangible fixed assets | 22/27 | €814,492 | €795,062 | -€19,430 | -2.4% |
| Land and buildings | 22 | €814,492 | €795,062 | -€19,430 | -2.4% |
| Current assets | 29/58 | €87,476 | €95,266 | +€7,790 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,577 | €0 | -€1,577 | -100% |
| Trade receivables | 40 | €610 | €0 | -€610 | -100% |
| Other amounts receivable | 41 | €968 | €0 | -€968 | -100% |
| Cash at bank and in hand | 54/58 | €85,899 | €94,375 | +€8,476 | +9.9% |
| Deferred charges and accrued income | 490/1 | - | €890 | +€890 | |
| Total equity and liabilities | 10/49 | €901,968 | €890,328 | -€11,641 | -1.3% |
| Equity | 10/15 | €396,054 | €429,720 | +€33,665 | +8.5% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,054 | €54,720 | +€33,665 | +160% |
| Amounts payable | 17/49 | €505,914 | €460,608 | -€45,306 | -9.0% |
| Amounts payable after more than one year | 17 | €453,092 | €418,204 | -€34,889 | -7.7% |
| Financial debts | 170/4 | €453,092 | €418,204 | -€34,889 | -7.7% |
| Amounts payable within one year | 42/48 | €45,104 | €42,404 | -€2,700 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €34,639 | €34,889 | +€250 | +0.7% |
| Trade debts | 44 | €2,450 | €410 | -€2,040 | -83.3% |
| Suppliers | 440/4 | €2,450 | €410 | -€2,040 | -83.3% |
| Taxes, remuneration and social security | 45 | €8,015 | €7,106 | -€909 | -11.3% |
| Taxes | 450/3 | €8,015 | €7,106 | -€909 | -11.3% |
| Accrued charges and deferred income | 492/3 | €7,718 | €0 | -€7,718 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,794 | €20,277 | -€7,517 | -27.0% |
| Other operating charges | 640/8 | €5,406 | €5,721 | +€314 | +5.8% |
| Gross operating margin | 9900 | €74,895 | €77,535 | +€2,640 | +3.5% |
| Operating profit (loss) | 9901 | €41,695 | €51,537 | +€9,842 | +23.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,652 | €10,374 | -€2,278 | -18.0% |
| Recurring financial charges | 65 | €12,652 | €10,374 | -€2,278 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €29,044 | €41,163 | +€12,120 | +41.7% |
| Income taxes | 67/77 | €4,707 | €7,498 | +€2,791 | +59.3% |
| Profit (loss) for the period | 9904 | €24,336 | €33,665 | +€9,329 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,336 | €33,665 | +€9,329 | +38.3% |
Next steps
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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 3 November 2026 via checked.be.