HALUVAN: 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.
HALUVAN
Largest movements
- Cash +€98,428
up €98,428 (+1319.8%), from €7,458 to €105,886
mainly Net result for the year (+€78,685) and Depreciation (+€71,395)
- Tangible fixed assets +€30,873
up €30,873 (+4.3%), from €717,973 to €748,846
of which Furniture and vehicles: +€74,012
- Reserves +€78,685
up €78,685 (+19.7%), from €399,305 to €477,991
of which Distributable reserves: +€78,685
- Other debts +€41,167
up €41,167 (+10.6%), from €387,112 to €428,279
- Tax, wage and social debts +€22,293
up €22,293 (+6537.1%), from €341 to €22,634
- Gross operating margin +€195,401
up €195,401, from -€14,167 to €181,234
- Taxes +€7,980
up €7,980, from €0 to €7,980
- Depreciation +€6,774
up €6,774 (+10.5%), from €64,621 to €71,395
- Financial income -€5,661
down €5,661 (-100.0%), from €5,662 to €1
- Financial charges -€3,081
down €3,081 (-15.3%), from €20,152 to €17,070
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 | €1,235,650 | €1,360,191 | +€124,541 | +10.1% |
| Fixed assets | 21/28 | €1,163,596 | €1,194,469 | +€30,873 | +2.7% |
| Tangible fixed assets | 22/27 | €717,973 | €748,846 | +€30,873 | +4.3% |
| Land and buildings | 22 | €660,550 | €614,600 | -€45,949 | -7.0% |
| Plant, machinery and equipment | 23 | €1,451 | €4,261 | +€2,810 | +193.7% |
| Furniture and vehicles | 24 | €55,973 | €129,985 | +€74,012 | +132.2% |
| Financial fixed assets | 28 | €445,623 | €445,623 | = | 0.0% |
| Current assets | 29/58 | €72,054 | €165,722 | +€93,668 | +130.0% |
| Amounts receivable within one year | 40/41 | €51,545 | €48,990 | -€2,555 | -5.0% |
| Trade receivables | 40 | €0 | €25,144 | +€25,144 | |
| Other amounts receivable | 41 | €51,545 | €23,847 | -€27,699 | -53.7% |
| Cash at bank and in hand | 54/58 | €7,458 | €105,886 | +€98,428 | +1319.8% |
| Deferred charges and accrued income | 490/1 | €13,051 | €10,846 | -€2,205 | -16.9% |
| Total equity and liabilities | 10/49 | €1,235,650 | €1,360,191 | +€124,541 | +10.1% |
| Equity | 10/15 | €822,505 | €901,191 | +€78,685 | +9.6% |
| Contributions | 10/11 | €423,200 | €423,200 | = | 0.0% |
| Reserves | 13 | €399,305 | €477,991 | +€78,685 | +19.7% |
| Non-distributable reserves | 130/1 | €42,320 | €42,320 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,320 | €42,320 | = | 0.0% |
| Distributable reserves | 133 | €356,985 | €435,671 | +€78,685 | +22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €413,145 | €459,001 | +€45,856 | +11.1% |
| Amounts payable within one year | 42/48 | €393,941 | €451,965 | +€58,024 | +14.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,488 | €1,052 | -€5,436 | -83.8% |
| Suppliers | 440/4 | €6,488 | €1,052 | -€5,436 | -83.8% |
| Taxes, remuneration and social security | 45 | €341 | €22,634 | +€22,293 | +6537.1% |
| Taxes | 450/3 | €341 | €22,634 | +€22,293 | +6537.1% |
| Other amounts payable | 47/48 | €387,112 | €428,279 | +€41,167 | +10.6% |
| Accrued charges and deferred income | 492/3 | €19,204 | €7,036 | -€12,168 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,621 | €71,395 | +€6,774 | +10.5% |
| Other operating charges | 640/8 | €8,123 | €6,105 | -€2,019 | -24.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€14,167 | €181,234 | +€195,401 | |
| Operating profit (loss) | 9901 | -€86,911 | €103,735 | +€190,645 | |
| Financial income | 75/76B | €5,662 | €1 | -€5,661 | -100.0% |
| Recurring financial income | 75 | €5,662 | €1 | -€5,661 | -100.0% |
| Financial charges | 65/66B | €20,152 | €17,070 | -€3,081 | -15.3% |
| Recurring financial charges | 65 | €20,152 | €17,070 | -€3,081 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€101,400 | €86,665 | +€188,065 | |
| Income taxes | 67/77 | €0 | €7,980 | +€7,980 | |
| Profit (loss) for the period | 9904 | -€101,400 | €78,685 | +€180,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,400 | €78,685 | +€180,086 |
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 6 October 2026 via checked.be.