SPC Hallensis: 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.
SPC Hallensis
Largest movements
- Cash +€20,744
up €20,744 (+23.0%), from €90,335 to €111,079
mainly Depreciation (+€54,270) and Net result for the year (+€20,334)
- Tangible fixed assets -€15,960
down €15,960 (-2.9%), from €547,048 to €531,088
of which Land and buildings: -€35,978
- Receivables within one year -€13,028
down €13,028 (-22.0%), from €59,233 to €46,205
of which Trade receivables: -€10,164
- Trade debts -€23,588
down €23,588 (-30.0%), from €78,715 to €55,127
- Reserves +€20,334
up €20,334 (+26.3%), from €77,417 to €97,751
- Other debts +€10,366
up €10,366 (+20.9%), from €49,551 to €59,916
- Debts after one year -€9,065
down €9,065 (-2.2%), from €414,769 to €405,704
- Gross operating margin +€55,213
up €55,213 (+97.3%), from €56,748 to €111,960
- Depreciation +€26,221
up €26,221 (+93.5%), from €28,050 to €54,270
- Taxes +€4,647
up €4,647 (+481%), from €966 to €5,613
- Staff costs +€1,533
up €1,533 (+11.2%), from €13,674 to €15,207
- Financial charges +€1,278
up €1,278 (+11.2%), from €11,444 to €12,722
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 | €787,180 | €782,383 | -€4,797 | -0.6% |
| Fixed assets | 21/28 | €547,279 | €531,319 | -€15,960 | -2.9% |
| Tangible fixed assets | 22/27 | €547,048 | €531,088 | -€15,960 | -2.9% |
| Land and buildings | 22 | €500,235 | €464,256 | -€35,978 | -7.2% |
| Plant, machinery and equipment | 23 | €26,206 | €19,750 | -€6,456 | -24.6% |
| Furniture and vehicles | 24 | €20,607 | €47,081 | +€26,474 | +128% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €239,902 | €251,065 | +€11,163 | +4.7% |
| Stocks and contracts in progress | 3 | €90,140 | €93,345 | +€3,205 | +3.6% |
| Stocks | 30/36 | €90,140 | €93,345 | +€3,205 | +3.6% |
| Amounts receivable within one year | 40/41 | €59,233 | €46,205 | -€13,028 | -22.0% |
| Trade receivables | 40 | €54,187 | €44,023 | -€10,164 | -18.8% |
| Other amounts receivable | 41 | €5,046 | €2,182 | -€2,864 | -56.8% |
| Cash at bank and in hand | 54/58 | €90,335 | €111,079 | +€20,744 | +23.0% |
| Deferred charges and accrued income | 490/1 | €193 | €436 | +€243 | +126% |
| Total equity and liabilities | 10/49 | €787,180 | €782,383 | -€4,797 | -0.6% |
| Equity | 10/15 | €197,417 | €217,751 | +€20,334 | +10.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €77,417 | €97,751 | +€20,334 | +26.3% |
| Distributable reserves | 133 | €77,417 | €97,751 | +€20,334 | +26.3% |
| Amounts payable | 17/49 | €589,764 | €564,633 | -€25,131 | -4.3% |
| Amounts payable after more than one year | 17 | €414,769 | €405,704 | -€9,065 | -2.2% |
| Financial debts | 170/4 | €414,769 | €405,704 | -€9,065 | -2.2% |
| Amounts payable within one year | 42/48 | €174,995 | €158,929 | -€16,066 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €26,311 | €27,675 | +€1,364 | +5.2% |
| Trade debts | 44 | €78,715 | €55,127 | -€23,588 | -30.0% |
| Suppliers | 440/4 | €78,715 | €55,127 | -€23,588 | -30.0% |
| Advances received on contracts in progress | 46 | €10,938 | €11,385 | +€447 | +4.1% |
| Taxes, remuneration and social security | 45 | €9,480 | €4,826 | -€4,654 | -49.1% |
| Taxes | 450/3 | €8,309 | €3,613 | -€4,696 | -56.5% |
| Remuneration and social security | 454/9 | €1,171 | €1,213 | +€42 | +3.6% |
| Other amounts payable | 47/48 | €49,551 | €59,916 | +€10,366 | +20.9% |
| Remuneration, social security and pensions | 62 | €13,674 | €15,207 | +€1,533 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,050 | €54,270 | +€26,221 | +93.5% |
| Other operating charges | 640/8 | €4,522 | €3,988 | -€534 | -11.8% |
| Gross operating margin | 9900 | €56,748 | €111,960 | +€55,213 | +97.3% |
| Operating profit (loss) | 9901 | €10,502 | €38,495 | +€27,993 | +267% |
| Financial income | 75/76B | €195 | €173 | -€22 | -11.2% |
| Recurring financial income | 75 | €195 | €173 | -€22 | -11.2% |
| Financial charges | 65/66B | €11,444 | €12,722 | +€1,278 | +11.2% |
| Recurring financial charges | 65 | €11,444 | €12,722 | +€1,278 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€746 | €25,947 | +€26,693 | |
| Income taxes | 67/77 | €966 | €5,613 | +€4,647 | +481% |
| Profit (loss) for the period | 9904 | -€1,712 | €20,334 | +€22,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,712 | €20,334 | +€22,046 |
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 30 October 2026 via checked.be.