HALUDI: what changed
What changed
HALUDI
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€18,930
2024 · €25,144-€6,214
Equity
€310,981
2024 · €340,251-€29,270
Cash
€469
2024 · €982-€513
Balance sheet total
€476,144
2024 · €535,516-€59,372
Largest movements
Assets
- Tangible fixed assets -€46,254
down €46,254 (-10.3%), from €449,327 to €403,073
- Receivables within one year -€12,605
down €12,605 (-14.8%), from €85,207 to €72,602
Equity and liabilities
- Short-term financial debts -€54,400
down €54,400 (-52.1%), from €104,400 to €50,000
- Other debts +€48,200
new in 2025: €48,200
- Reserves -€29,287
down €29,287 (-9.7%), from €300,542 to €271,255
of which Tax-exempt reserves: -€29,287
- Trade debts -€12,273
down €12,273 (-92.9%), from €13,205 to €932
- Provisions -€11,612
down €11,612 (-15.0%), from €77,637 to €66,025
Income statement
- Gross operating margin -€5,007
down €5,007 (-7.4%), from €67,411 to €62,404
- Other operating charges +€1,861
up €1,861 (+28.4%), from €6,552 to €8,413
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
€25,144
Gross operating margin
-€5,007
Depreciation
+€433
Other operating charges
-€1,861
Financial income
+€366
Financial charges
-€182
Taxes
+€37
Result 2025
€18,930
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
+€102,087
Investment
€0
Financing
-€102,600
Cash 2024
€982
From operations (derived)
+€102,087
Net result for the year
+€18,930
Depreciation
+€46,254
Receivables within one year
+€12,605
Provisions
-€11,612
Trade debts
-€12,273
Tax, wage and social debts
-€17
Other debts
+€48,200
Financing
-€102,600
Short-term financial debts
-€54,400
Contributions, distributions and other
-€48,200
Cash 2025
€469
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €535,516 | €476,144 | -€59,372 | -11.1% |
| Fixed assets | 21/28 | €449,327 | €403,073 | -€46,254 | -10.3% |
| Tangible fixed assets | 22/27 | €449,327 | €403,073 | -€46,254 | -10.3% |
| Land and buildings | 22 | €449,327 | €403,073 | -€46,254 | -10.3% |
| Current assets | 29/58 | €86,189 | €73,071 | -€13,118 | -15.2% |
| Amounts receivable within one year | 40/41 | €85,207 | €72,602 | -€12,605 | -14.8% |
| Other amounts receivable | 41 | €85,207 | €72,602 | -€12,605 | -14.8% |
| Cash at bank and in hand | 54/58 | €982 | €469 | -€513 | -52.3% |
| Total equity and liabilities | 10/49 | €535,516 | €476,144 | -€59,372 | -11.1% |
| Equity | 10/15 | €340,251 | €310,981 | -€29,270 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,542 | €271,255 | -€29,287 | -9.7% |
| Tax-exempt reserves | 132 | €249,555 | €220,268 | -€29,287 | -11.7% |
| Distributable reserves | 133 | €50,987 | €50,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,109 | €21,126 | +€17 | +0.1% |
| Provisions and deferred taxes | 16 | €77,637 | €66,025 | -€11,612 | -15.0% |
| Deferred taxes | 168 | €77,637 | €66,025 | -€11,612 | -15.0% |
| Amounts payable | 17/49 | €117,628 | €99,138 | -€18,490 | -15.7% |
| Amounts payable within one year | 42/48 | €117,628 | €99,138 | -€18,490 | -15.7% |
| Financial debts | 43 | €104,400 | €50,000 | -€54,400 | -52.1% |
| Credit institutions | 430/8 | €104,400 | €50,000 | -€54,400 | -52.1% |
| Trade debts | 44 | €13,205 | €932 | -€12,273 | -92.9% |
| Suppliers | 440/4 | €13,205 | €932 | -€12,273 | -92.9% |
| Taxes, remuneration and social security | 45 | €23 | €6 | -€17 | -73.3% |
| Taxes | 450/3 | €23 | €6 | -€17 | -73.3% |
| Other amounts payable | 47/48 | - | €48,200 | +€48,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,687 | €46,254 | -€433 | -0.9% |
| Other operating charges | 640/8 | €6,552 | €8,413 | +€1,861 | +28.4% |
| Gross operating margin | 9900 | €67,411 | €62,404 | -€5,007 | -7.4% |
| Operating profit (loss) | 9901 | €14,172 | €7,736 | -€6,436 | -45.4% |
| Financial income | 75/76B | €1,223 | €1,589 | +€366 | +30.0% |
| Recurring financial income | 75 | €1,223 | €1,589 | +€366 | +30.0% |
| Financial charges | 65/66B | €1,820 | €2,001 | +€182 | +10.0% |
| Recurring financial charges | 65 | €1,820 | €2,001 | +€182 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €13,575 | €7,324 | -€6,251 | -46.0% |
| Transfer from deferred taxes | 780 | €11,612 | €11,612 | = | 0.0% |
| Income taxes | 67/77 | €43 | €6 | -€37 | -85.7% |
| Profit (loss) for the period | 9904 | €25,144 | €18,930 | -€6,214 | -24.7% |
| Transfer from tax-exempt reserves | 789 | €29,287 | €29,287 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,431 | €48,217 | -€6,214 | -11.4% |
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.