HALUSON: 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.
What changed
HALUSON
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€120,823
2024 · €87,185+€33,638
Equity
€1.1m
2024 · €1.0m+€119,802
Cash
-
2024 · €1,024-€1,024
Balance sheet total
€3.0m
2024 · €3.1m-€104,103
Largest movements
Assets
- Tangible fixed assets -€84,941
down €84,941 (-2.8%), from €3.0m to €3.0m
of which Land and buildings: -€95,124
Equity and liabilities
- Debts after one year -€160,648
down €160,648 (-10.2%), from €1.6m to €1.4m
- Profit (loss) carried forward +€120,823
up €120,823 (+15.4%), from €782,217 to €903,040
- Current portion of long-term debt -€58,634
down €58,634 (-22.2%), from €264,441 to €205,807
Income statement
- Gross operating margin +€74,122
up €74,122 (+20.5%), from €362,061 to €436,184
- Taxes +€22,507
up €22,507 (+255.6%), from €8,806 to €31,313
- Depreciation +€15,726
up €15,726 (+7.5%), from €210,935 to €226,661
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
€87,185
Gross operating margin
+€74,122
Depreciation
-€15,726
Other operating charges
+€1,359
Financial income
-€294
Financial charges
-€3,317
Taxes
-€22,507
Result 2025
€120,823
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.
From operations
+€364,337
Investment
-€141,720
Financing
-€223,641
Cash 2024
€1,024
From operations (derived)
+€364,337
Net result for the year
+€120,823
Depreciation
+€226,661
Receivables within one year
+€14,646
Deferred charges and accrued income
+€3,493
Smaller working-capital items
-€567
Trade debts
+€3,033
Tax, wage and social debts
-€18,820
Other debts
+€15,069
Investment (derived)
-€141,720
Investment in fixed assets (net)
-€141,720
Financing
-€223,641
Debts after one year
-€160,648
Current portion of long-term debt
-€58,634
Short-term financial debts
-€3,339
Contributions, distributions and other
-€1,021
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,089,875 | €2,985,772 | -€104,103 | -3.4% |
| Fixed assets | 21/28 | €3,045,926 | €2,960,985 | -€84,941 | -2.8% |
| Tangible fixed assets | 22/27 | €3,045,901 | €2,960,960 | -€84,941 | -2.8% |
| Land and buildings | 22 | €3,005,489 | €2,910,365 | -€95,124 | -3.2% |
| Plant, machinery and equipment | 23 | €670 | €419 | -€251 | -37.5% |
| Furniture and vehicles | 24 | €31,184 | €44,858 | +€13,674 | +43.9% |
| Leasing and similar rights | 25 | €8,559 | €5,318 | -€3,241 | -37.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €43,949 | €24,787 | -€19,162 | -43.6% |
| Amounts receivable within one year | 40/41 | €29,166 | €14,520 | -€14,646 | -50.2% |
| Trade receivables | 40 | €17,972 | €14,520 | -€3,452 | -19.2% |
| Other amounts receivable | 41 | €11,194 | - | -€11,194 | |
| Cash at bank and in hand | 54/58 | €1,024 | - | -€1,024 | |
| Deferred charges and accrued income | 490/1 | €13,760 | €10,267 | -€3,493 | -25.4% |
| Total equity and liabilities | 10/49 | €3,089,875 | €2,985,772 | -€104,103 | -3.4% |
| Equity | 10/15 | €1,015,676 | €1,135,479 | +€119,802 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,217 | €225,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,162 | €3,162 | = | 0.0% |
| Distributable reserves | 133 | €220,196 | €220,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | €782,217 | €903,040 | +€120,823 | +15.4% |
| Investment grants | 15 | €2,042 | €1,021 | -€1,021 | -50.0% |
| Provisions and deferred taxes | 16 | €958 | €479 | -€479 | -50.0% |
| Deferred taxes | 168 | €958 | €479 | -€479 | -50.0% |
| Amounts payable | 17/49 | €2,073,241 | €1,849,814 | -€223,426 | -10.8% |
| Amounts payable after more than one year | 17 | €1,574,722 | €1,414,075 | -€160,648 | -10.2% |
| Financial debts | 170/4 | €1,574,722 | €1,414,075 | -€160,648 | -10.2% |
| Amounts payable within one year | 42/48 | €497,354 | €434,663 | -€62,690 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €264,441 | €205,807 | -€58,634 | -22.2% |
| Financial debts | 43 | €38,164 | €34,825 | -€3,339 | -8.7% |
| Credit institutions | 430/8 | €38,164 | €34,825 | -€3,339 | -8.7% |
| Trade debts | 44 | €57,156 | €60,189 | +€3,033 | +5.3% |
| Suppliers | 440/4 | €57,156 | €60,189 | +€3,033 | +5.3% |
| Taxes, remuneration and social security | 45 | €42,108 | €23,288 | -€18,820 | -44.7% |
| Taxes | 450/3 | €42,108 | €23,288 | -€18,820 | -44.7% |
| Other amounts payable | 47/48 | €95,486 | €110,555 | +€15,069 | +15.8% |
| Accrued charges and deferred income | 492/3 | €1,165 | €1,076 | -€89 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,935 | €226,661 | +€15,726 | +7.5% |
| Other operating charges | 640/8 | €6,659 | €5,300 | -€1,359 | -20.4% |
| Gross operating margin | 9900 | €362,061 | €436,184 | +€74,122 | +20.5% |
| Operating profit (loss) | 9901 | €144,467 | €204,222 | +€59,755 | +41.4% |
| Financial income | 75/76B | €1,315 | €1,021 | -€294 | -22.3% |
| Recurring financial income | 75 | €1,315 | €1,021 | -€294 | -22.3% |
| Financial charges | 65/66B | €50,269 | €53,586 | +€3,317 | +6.6% |
| Recurring financial charges | 65 | €50,269 | €53,586 | +€3,317 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €95,512 | €151,657 | +€56,145 | +58.8% |
| Transfer from deferred taxes | 780 | €479 | €479 | = | 0.0% |
| Income taxes | 67/77 | €8,806 | €31,313 | +€22,507 | +255.6% |
| Profit (loss) for the period | 9904 | €87,185 | €120,823 | +€33,638 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,185 | €120,823 | +€33,638 | +38.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.