Alg. Ond. J. Helsen: what changed
Alg. Ond. J. Helsen
Largest movements
- Receivables within one year -€998,032
down €998,032 (-91.4%), from €1.1m to €94,103
of which Trade receivables: -€831,793
- Stocks and contracts +€820,000
up €820,000 (+93.7%), from €875,000 to €1.7m
- Cash -€278,171
down €278,171 (-86.4%), from €321,825 to €43,654
mainly Trade debts (-€1.2m) and Stocks and contracts (-€820,000)
- Trade debts -€1.2m
down €1.2m (-86.7%), from €1.4m to €181,147
- Short-term financial debts +€391,636
new in 2026: €391,636
- Reserves +€261,132
up €261,132 (+29.6%), from €882,822 to €1.1m
- Other debts +€207,448
up €207,448 (+4,878%), from €4,253 to €211,700
- Tax, wage and social debts -€128,893
down €128,893 (-60.2%), from €214,031 to €85,137
of which Taxes: -€130,126
- Gross operating margin -€150,783
down €150,783 (-18.6%), from €810,858 to €660,075
- Taxes -€81,820
down €81,820 (-40.2%), from €203,283 to €121,463
- Other operating charges +€62,532
up €62,532 (+325%), from €19,227 to €81,758
- Depreciation +€12,432
up €12,432 (+24.6%), from €50,603 to €63,036
- Staff costs +€8,859
up €8,859 (+7.4%), from €119,744 to €128,603
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,491,078 | €2,037,574 | -€453,504 | -18.2% |
| Fixed assets | 21/28 | €202,118 | €199,630 | -€2,487 | -1.2% |
| Tangible fixed assets | 22/27 | €202,118 | €199,630 | -€2,487 | -1.2% |
| Plant, machinery and equipment | 23 | €21,879 | €31,696 | +€9,817 | +44.9% |
| Furniture and vehicles | 24 | €180,239 | €167,934 | -€12,305 | -6.8% |
| Current assets | 29/58 | €2,288,960 | €1,837,944 | -€451,016 | -19.7% |
| Stocks and contracts in progress | 3 | €875,000 | €1,695,000 | +€820,000 | +93.7% |
| Contracts in progress | 37 | €875,000 | €1,695,000 | +€820,000 | +93.7% |
| Amounts receivable within one year | 40/41 | €1,092,135 | €94,103 | -€998,032 | -91.4% |
| Trade receivables | 40 | €859,709 | €27,916 | -€831,793 | -96.8% |
| Other amounts receivable | 41 | €232,425 | €66,187 | -€166,239 | -71.5% |
| Current investments | 50/53 | €0 | €5,187 | +€5,187 | |
| Cash at bank and in hand | 54/58 | €321,825 | €43,654 | -€278,171 | -86.4% |
| Total equity and liabilities | 10/49 | €2,491,078 | €2,037,574 | -€453,504 | -18.2% |
| Equity | 10/15 | €906,822 | €1,167,953 | +€261,132 | +28.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €882,822 | €1,143,953 | +€261,132 | +29.6% |
| Distributable reserves | 133 | €882,822 | €1,143,953 | +€261,132 | +29.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,584,256 | €869,620 | -€714,635 | -45.1% |
| Amounts payable within one year | 42/48 | €1,584,256 | €869,620 | -€714,635 | -45.1% |
| Financial debts | 43 | - | €391,636 | +€391,636 | |
| Credit institutions | 430/8 | - | €391,636 | +€391,636 | |
| Trade debts | 44 | €1,365,972 | €181,147 | -€1.2m | -86.7% |
| Suppliers | 440/4 | €1,365,972 | €181,147 | -€1.2m | -86.7% |
| Taxes, remuneration and social security | 45 | €214,031 | €85,137 | -€128,893 | -60.2% |
| Taxes | 450/3 | €211,354 | €81,228 | -€130,126 | -61.6% |
| Remuneration and social security | 454/9 | €2,677 | €3,909 | +€1,232 | +46.0% |
| Other amounts payable | 47/48 | €4,253 | €211,700 | +€207,448 | +4,878% |
| Remuneration, social security and pensions | 62 | €119,744 | €128,603 | +€8,859 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,603 | €63,036 | +€12,432 | +24.6% |
| Other operating charges | 640/8 | €19,227 | €81,758 | +€62,532 | +325% |
| Gross operating margin | 9900 | €810,858 | €660,075 | -€150,783 | -18.6% |
| Operating profit (loss) | 9901 | €621,284 | €386,678 | -€234,606 | -37.8% |
| Financial income | 75/76B | €10,506 | €11,127 | +€621 | +5.9% |
| Recurring financial income | 75 | €10,506 | €11,127 | +€621 | +5.9% |
| Financial charges | 65/66B | €17,520 | €15,210 | -€2,310 | -13.2% |
| Recurring financial charges | 65 | €17,520 | €15,210 | -€2,310 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €614,270 | €382,594 | -€231,675 | -37.7% |
| Income taxes | 67/77 | €203,283 | €121,463 | -€81,820 | -40.2% |
| Profit (loss) for the period | 9904 | €410,987 | €261,132 | -€149,855 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €410,987 | €261,132 | -€149,855 | -36.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.