HalinP: what changed
HalinP
Largest movements
- Cash -€13,375
down €13,375 (-57.6%), from €23,227 to €9,852
mainly Net result for the year (-€22,445) and Current portion of long-term debt (-€1,912)
- Receivables within one year -€8,185
down €8,185 (-31.7%), from €25,837 to €17,652
of which Trade receivables: -€8,300
- Tangible fixed assets -€3,826
down €3,826 (-33.1%), from €11,551 to €7,725
of which Other tangible fixed assets: -€3,537
- Profit (loss) carried forward -€22,445
down €22,445, from €12,620 to -€9,824
- Current portion of long-term debt -€1,912
down €1,912 (-100%), from €1,912 to €0
- Tax, wage and social debts -€1,715
down €1,715 (-15.3%), from €11,192 to €9,477
of which Remuneration and social security: -€2,141
- Trade debts +€675
up €675 (+2.5%), from €26,964 to €27,639
- Staff costs +€5,673
up €5,673 (+12.1%), from €47,026 to €52,699
- Other operating charges +€5,037
up €5,037 (+134%), from €3,750 to €8,787
- Write-downs +€2,924
new in 2025: €2,924
- Depreciation -€2,790
down €2,790 (-35.7%), from €7,805 to €5,016
- Gross operating margin +€2,648
up €2,648 (+5.7%), from €46,477 to €49,125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,970 | €40,595 | -€25,374 | -38.5% |
| Fixed assets | 21/28 | €13,351 | €9,525 | -€3,826 | -28.7% |
| Tangible fixed assets | 22/27 | €11,551 | €7,725 | -€3,826 | -33.1% |
| Plant, machinery and equipment | 23 | €2,133 | €2,353 | +€221 | +10.3% |
| Furniture and vehicles | 24 | €833 | €324 | -€509 | -61.1% |
| Other tangible fixed assets | 26 | €8,585 | €5,048 | -€3,537 | -41.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €52,619 | €31,070 | -€21,549 | -41.0% |
| Stocks and contracts in progress | 3 | €3,475 | €3,076 | -€399 | -11.5% |
| Stocks | 30/36 | €3,475 | €3,076 | -€399 | -11.5% |
| Amounts receivable within one year | 40/41 | €25,837 | €17,652 | -€8,185 | -31.7% |
| Trade receivables | 40 | €25,837 | €17,537 | -€8,300 | -32.1% |
| Other amounts receivable | 41 | €0 | €114 | +€114 | |
| Cash at bank and in hand | 54/58 | €23,227 | €9,852 | -€13,375 | -57.6% |
| Deferred charges and accrued income | 490/1 | €79 | €490 | +€410 | +516% |
| Total equity and liabilities | 10/49 | €65,970 | €40,595 | -€25,374 | -38.5% |
| Equity | 10/15 | €25,060 | €2,616 | -€22,445 | -89.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40 | €40 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40 | €40 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40 | €40 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,620 | -€9,824 | -€22,445 | |
| Amounts payable | 17/49 | €40,909 | €37,980 | -€2,930 | -7.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,909 | €37,980 | -€2,930 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €1,912 | €0 | -€1,912 | -100% |
| Trade debts | 44 | €26,964 | €27,639 | +€675 | +2.5% |
| Suppliers | 440/4 | €26,964 | €27,639 | +€675 | +2.5% |
| Taxes, remuneration and social security | 45 | €11,192 | €9,477 | -€1,715 | -15.3% |
| Taxes | 450/3 | €748 | €1,174 | +€427 | +57.1% |
| Remuneration and social security | 454/9 | €10,444 | €8,303 | -€2,141 | -20.5% |
| Other amounts payable | 47/48 | €841 | €864 | +€23 | +2.7% |
| Remuneration, social security and pensions | 62 | €47,026 | €52,699 | +€5,673 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,805 | €5,016 | -€2,790 | -35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,924 | +€2,924 | |
| Other operating charges | 640/8 | €3,750 | €8,787 | +€5,037 | +134% |
| Gross operating margin | 9900 | €46,477 | €49,125 | +€2,648 | +5.7% |
| Operating profit (loss) | 9901 | -€12,103 | -€20,300 | -€8,196 | -67.7% |
| Financial income | 75/76B | €18 | €8 | -€9 | -52.6% |
| Recurring financial income | 75 | €18 | €8 | -€9 | -52.6% |
| Financial charges | 65/66B | €1,445 | €2,153 | +€709 | +49.0% |
| Recurring financial charges | 65 | €1,445 | €2,153 | +€709 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,531 | -€22,445 | -€8,914 | -65.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.