HUALTO: 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.
HUALTO
Largest movements
- Cash -€41,619
down €41,619 (-23.1%), from €180,398 to €138,779
mainly Contributions, distributions and other (-€220,118) and Receivables within one year (-€38,864)
- Receivables within one year +€38,864
up €38,864 (+148%), from €26,305 to €65,170
of which Trade receivables: +€36,161
- Financial fixed assets +€10,000
up €10,000 (+83.3%), from €12,000 to €22,000
- Deferred charges and accrued income +€5,438
up €5,438 (+334%), from €1,630 to €7,068
- Other debts +€219,004
up €219,004 (+19,668%), from €1,114 to €220,118
- Profit (loss) carried forward -€207,783
no longer reported in 2025 (was €207,783)
- Trade debts +€6,537
up €6,537 (+51.3%), from €12,754 to €19,291
- Tax, wage and social debts -€3,361
down €3,361 (-19.2%), from €17,536 to €14,175
- Gross operating margin -€205,968
down €205,968 (-88.2%), from €233,650 to €27,682
- Taxes -€47,089
down €47,089 (-87.1%), from €54,039 to €6,951
- Depreciation +€5,347
up €5,347 (+126%), from €4,232 to €9,579
- Other operating charges -€5,240
down €5,240 (-94.3%), from €5,559 to €319
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,705 | €257,103 | +€14,398 | +5.9% |
| Fixed assets | 21/28 | €34,372 | €46,086 | +€11,715 | +34.1% |
| Tangible fixed assets | 22/27 | €22,372 | €24,086 | +€1,715 | +7.7% |
| Furniture and vehicles | 24 | €22,372 | €24,086 | +€1,715 | +7.7% |
| Financial fixed assets | 28 | €12,000 | €22,000 | +€10,000 | +83.3% |
| Current assets | 29/58 | €208,334 | €211,017 | +€2,683 | +1.3% |
| Amounts receivable within one year | 40/41 | €26,305 | €65,170 | +€38,864 | +148% |
| Trade receivables | 40 | €26,305 | €62,466 | +€36,161 | +137% |
| Other amounts receivable | 41 | - | €2,704 | +€2,704 | |
| Cash at bank and in hand | 54/58 | €180,398 | €138,779 | -€41,619 | -23.1% |
| Deferred charges and accrued income | 490/1 | €1,630 | €7,068 | +€5,438 | +334% |
| Total equity and liabilities | 10/49 | €242,705 | €257,103 | +€14,398 | +5.9% |
| Equity | 10/15 | €211,302 | €3,519 | -€207,783 | -98.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,519 | €1,519 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,519 | €1,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,783 | - | -€207,783 | |
| Amounts payable | 17/49 | €31,404 | €253,584 | +€222,181 | +707% |
| Amounts payable within one year | 42/48 | €31,404 | €253,584 | +€222,181 | +707% |
| Trade debts | 44 | €12,754 | €19,291 | +€6,537 | +51.3% |
| Suppliers | 440/4 | €12,754 | €19,291 | +€6,537 | +51.3% |
| Taxes, remuneration and social security | 45 | €17,536 | €14,175 | -€3,361 | -19.2% |
| Taxes | 450/3 | €17,536 | €14,175 | -€3,361 | -19.2% |
| Other amounts payable | 47/48 | €1,114 | €220,118 | +€219,004 | +19,668% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,232 | €9,579 | +€5,347 | +126% |
| Other operating charges | 640/8 | €5,559 | €319 | -€5,240 | -94.3% |
| Gross operating margin | 9900 | €233,650 | €27,682 | -€205,968 | -88.2% |
| Operating profit (loss) | 9901 | €223,859 | €17,784 | -€206,075 | -92.1% |
| Financial income | 75/76B | €1,442 | €1,755 | +€313 | +21.7% |
| Recurring financial income | 75 | €1,442 | €1,755 | +€313 | +21.7% |
| Financial charges | 65/66B | €452 | €254 | -€199 | -43.9% |
| Recurring financial charges | 65 | €452 | €254 | -€199 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €224,849 | €19,286 | -€205,563 | -91.4% |
| Income taxes | 67/77 | €54,039 | €6,951 | -€47,089 | -87.1% |
| Profit (loss) for the period | 9904 | €170,810 | €12,335 | -€158,474 | -92.8% |
| Transfer to tax-exempt reserves | 689 | €511 | - | -€511 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,299 | €12,335 | -€157,964 | -92.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.