IOT SERVICES VAN HAL: 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.
IOT SERVICES VAN HAL
Largest movements
- Receivables within one year -€12,743
down €12,743 (-78.2%), from €16,286 to €3,542
of which Trade receivables: -€13,794
- Cash -€11,955
down €11,955 (-96.7%), from €12,361 to €406
mainly Net result for the year (-€23,730) and Tax, wage and social debts (-€4,044)
- Tangible fixed assets -€4,520
down €4,520 (-25.4%), from €17,785 to €13,264
of which Furniture and vehicles: -€2,877
- Profit (loss) carried forward -€23,730
down €23,730 (-99.9%), from €23,753 to €24
- Tax, wage and social debts -€4,044
down €4,044 (-43.1%), from €9,374 to €5,330
- Debts after one year -€2,369
down €2,369 (-38.1%), from €6,214 to €3,845
- Trade debts +€759
up €759 (+82.4%), from €921 to €1,680
- Gross operating margin -€38,790
down €38,790, from €23,827 to -€14,963
- Taxes -€5,036
down €5,036 (-97.2%), from €5,183 to €147
- Depreciation +€2,100
up €2,100 (+68.4%), from €3,068 to €5,168
- Financial charges -€286
down €286 (-10.0%), from €2,872 to €2,586
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 | €46,486 | €17,213 | -€29,273 | -63.0% |
| Fixed assets | 21/28 | €17,785 | €13,264 | -€4,520 | -25.4% |
| Tangible fixed assets | 22/27 | €17,785 | €13,264 | -€4,520 | -25.4% |
| Plant, machinery and equipment | 23 | €5,221 | €3,578 | -€1,643 | -31.5% |
| Furniture and vehicles | 24 | €12,564 | €9,687 | -€2,877 | -22.9% |
| Current assets | 29/58 | €28,701 | €3,949 | -€24,752 | -86.2% |
| Amounts receivable within one year | 40/41 | €16,286 | €3,542 | -€12,743 | -78.2% |
| Trade receivables | 40 | €13,794 | - | -€13,794 | |
| Other amounts receivable | 41 | €2,492 | €3,542 | +€1,050 | +42.1% |
| Cash at bank and in hand | 54/58 | €12,361 | €406 | -€11,955 | -96.7% |
| Deferred charges and accrued income | 490/1 | €54 | - | -€54 | |
| Total equity and liabilities | 10/49 | €46,486 | €17,213 | -€29,273 | -63.0% |
| Equity | 10/15 | €27,753 | €4,024 | -€23,730 | -85.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,753 | €24 | -€23,730 | -99.9% |
| Amounts payable | 17/49 | €18,733 | €13,190 | -€5,543 | -29.6% |
| Amounts payable after more than one year | 17 | €6,214 | €3,845 | -€2,369 | -38.1% |
| Financial debts | 170/4 | €6,214 | €3,845 | -€2,369 | -38.1% |
| Amounts payable within one year | 42/48 | €12,519 | €9,345 | -€3,174 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €2,225 | €2,335 | +€111 | +5.0% |
| Trade debts | 44 | €921 | €1,680 | +€759 | +82.4% |
| Suppliers | 440/4 | €921 | €1,680 | +€759 | +82.4% |
| Taxes, remuneration and social security | 45 | €9,374 | €5,330 | -€4,044 | -43.1% |
| Taxes | 450/3 | €9,374 | €5,330 | -€4,044 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,068 | €5,168 | +€2,100 | +68.4% |
| Other operating charges | 640/8 | €1,091 | €884 | -€207 | -19.0% |
| Non-recurring operating charges | 66A | - | €48 | +€48 | |
| Gross operating margin | 9900 | €23,827 | -€14,963 | -€38,790 | |
| Operating profit (loss) | 9901 | €19,668 | -€21,064 | -€40,732 | |
| Financial income | 75/76B | €165 | €68 | -€97 | -58.8% |
| Recurring financial income | 75 | €165 | €68 | -€97 | -58.8% |
| Financial charges | 65/66B | €2,872 | €2,586 | -€286 | -10.0% |
| Recurring financial charges | 65 | €2,872 | €2,586 | -€286 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €16,960 | -€23,582 | -€40,542 | |
| Income taxes | 67/77 | €5,183 | €147 | -€5,036 | -97.2% |
| Profit (loss) for the period | 9904 | €11,777 | -€23,730 | -€35,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,777 | -€23,730 | -€35,507 |
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 12 October 2026 via checked.be.