HALUREVA: 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.
What changed
HALUREVA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €890,855+€2.5m
Equity
€38.0m
2024 · €34.1m+€3.9m
Cash
€19,686
2024 · €9,614+€10,072
Balance sheet total
€38.9m
2024 · €36.3m+€2.6m
Largest movements
Assets
- Receivables within one year +€2.7m
up €2.7m (+211%), from €1.3m to €3.9m
of which Other amounts receivable: +€2.7m
- Financial fixed assets -€1.3m
down €1.3m (-5.3%), from €23.7m to €22.5m
- Tangible fixed assets +€1.0m
up €1.0m (+48.7%), from €2.1m to €3.1m
of which Land and buildings: +€1.0m
Equity and liabilities
- Reserves +€3.9m
up €3.9m (+18.2%), from €21.4m to €25.3m
of which Distributable reserves: +€3.5m
- Other debts -€1.4m
no longer reported in 2025 (was €1.4m)
Income statement
- Financial income +€2.6m
up €2.6m (+218%), from €1.2m to €3.8m
of which Financial income: +€2.5m
- Depreciation +€136,584
up €136,584 (+73.5%), from €185,899 to €322,483
- Gross operating margin +€51,237
up €51,237 (+53.9%), from -€94,995 to -€43,758
- Other operating charges +€5,149
up €5,149 (+116%), from €4,449 to €9,598
- Financial charges -€999
down €999 (-6.7%), from €15,017 to €14,019
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.
Result 2024
€890,855
Gross operating margin
+€51,237
Depreciation
-€136,584
Other operating charges
-€5,149
Financial income
+€2.6m
Financial charges
+€999
Deferred taxes and other
+€14,067
Result 2025
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€352,080
Investment
-€58,259
Financing
+€420,411
Cash 2024
€9,614
From operations (derived)
-€352,080
Net result for the year
+€3.4m
Depreciation
+€322,483
Receivables after one year
-€150,000
Receivables within one year
-€2.7m
Smaller working-capital items
-€4,060
Provisions
+€148,059
Other debts
-€1.4m
Investment (derived)
-€58,259
Investment in fixed assets (net)
-€55,219
Current investments
-€3,040
Financing
+€420,411
Debts after one year
-€65,967
Contributions, distributions and other
+€486,377
Cash 2025
€19,686
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,338,975 | €38,905,966 | +€2.6m | +7.1% |
| Fixed assets | 21/28 | €25,986,027 | €25,718,763 | -€267,264 | -1.0% |
| Intangible fixed assets | 21 | €159,543 | €135,535 | -€24,008 | -15.0% |
| Tangible fixed assets | 22/27 | €2,083,022 | €3,098,201 | +€1.0m | +48.7% |
| Land and buildings | 22 | €1,936,939 | €2,964,103 | +€1.0m | +53.0% |
| Plant, machinery and equipment | 23 | - | €3,120 | +€3,120 | |
| Furniture and vehicles | 24 | €146,083 | €130,978 | -€15,105 | -10.3% |
| Financial fixed assets | 28 | €23,743,462 | €22,485,027 | -€1.3m | -5.3% |
| Current assets | 29/58 | €10,352,948 | €13,187,203 | +€2.8m | +27.4% |
| Amounts receivable after more than one year | 29 | €9,000,000 | €9,150,000 | +€150,000 | +1.7% |
| Other amounts receivable | 291 | €9,000,000 | €9,150,000 | +€150,000 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,263,341 | €3,933,595 | +€2.7m | +211% |
| Trade receivables | 40 | €5,128 | €12,301 | +€7,173 | +140% |
| Other amounts receivable | 41 | €1,258,213 | €3,921,294 | +€2.7m | +212% |
| Current investments | 50/53 | €74,311 | €77,351 | +€3,040 | +4.1% |
| Cash at bank and in hand | 54/58 | €9,614 | €19,686 | +€10,072 | +105% |
| Deferred charges and accrued income | 490/1 | €5,681 | €6,571 | +€890 | +15.7% |
| Total equity and liabilities | 10/49 | €36,338,975 | €38,905,966 | +€2.6m | +7.1% |
| Equity | 10/15 | €34,062,802 | €37,964,075 | +€3.9m | +11.5% |
| Contributions | 10/11 | €12,651,100 | €12,651,100 | = | 0.0% |
| Capital | 10 | €12,651,100 | €12,651,100 | = | 0.0% |
| Issued capital | 100 | €12,651,100 | €12,651,100 | = | 0.0% |
| Reserves | 13 | €21,411,507 | €25,312,684 | +€3.9m | +18.2% |
| Non-distributable reserves | 130/1 | €1,265,507 | €1,265,507 | = | 0.0% |
| Legal reserve | 130 | €1,265,507 | €1,265,507 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €444,177 | +€444,177 | |
| Distributable reserves | 133 | €20,146,000 | €23,603,000 | +€3.5m | +17.2% |
| Profit (loss) carried forward | 14 | €195 | €291 | +€97 | +49.6% |
| Provisions and deferred taxes | 16 | - | €148,059 | +€148,059 | |
| Deferred taxes | 168 | - | €148,059 | +€148,059 | |
| Amounts payable | 17/49 | €2,276,173 | €793,832 | -€1.5m | -65.1% |
| Amounts payable after more than one year | 17 | €752,421 | €686,454 | -€65,967 | -8.8% |
| Financial debts | 170/4 | €752,421 | €686,454 | -€65,967 | -8.8% |
| Amounts payable within one year | 42/48 | €1,523,638 | €107,261 | -€1.4m | -93.0% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €35,333 | €27,236 | -€8,096 | -22.9% |
| Suppliers | 440/4 | €35,333 | €27,236 | -€8,096 | -22.9% |
| Taxes, remuneration and social security | 45 | €5,101 | €10,025 | +€4,924 | +96.5% |
| Taxes | 450/3 | €5,101 | €10,025 | +€4,924 | +96.5% |
| Other amounts payable | 47/48 | €1,413,205 | - | -€1.4m | |
| Accrued charges and deferred income | 492/3 | €114 | €116 | +€2 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,899 | €322,483 | +€136,584 | +73.5% |
| Other operating charges | 640/8 | €4,449 | €9,598 | +€5,149 | +116% |
| Gross operating margin | 9900 | -€94,995 | -€43,758 | +€51,237 | +53.9% |
| Operating profit (loss) | 9901 | -€285,343 | -€375,838 | -€90,495 | -31.7% |
| Financial income | 75/76B | €1,191,215 | €3,790,687 | +€2.6m | +218% |
| Recurring financial income | 75 | €1,191,215 | €3,721,154 | +€2.5m | +212% |
| Non-recurring financial income | 76B | - | €69,532 | +€69,532 | |
| Financial charges | 65/66B | €15,017 | €14,019 | -€999 | -6.7% |
| Recurring financial charges | 65 | €15,017 | €14,019 | -€999 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €890,855 | €3,400,830 | +€2.5m | +282% |
| Transfer from deferred taxes | 780 | - | €14,067 | +€14,067 | |
| Profit (loss) for the period | 9904 | €890,855 | €3,414,896 | +€2.5m | +283% |
| Transfer from tax-exempt reserves | 789 | - | €42,200 | +€42,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €890,855 | €3,457,097 | +€2.6m | +288% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.