Corentin HELLIN: what changed
Two fiscal 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.
Corentin HELLIN
Largest movements
- Financial fixed assets +€673,600
new in 2025: €673,600
- Receivables within one year -€81,305
down €81,305 (-99.5%), from €81,683 to €378
- Cash +€12,138
up €12,138 (+544.4%), from €2,230 to €14,368
mainly Other debts (+€591,482) and Receivables within one year (+€81,305)
- Other debts +€591,482
up €591,482 (+909.0%), from €65,069 to €656,551
- Profit (loss) carried forward +€11,663
up €11,663 (+65.2%), from €17,882 to €29,545
- Taxes +€4,108
new in 2025: €4,108
- Gross operating margin -€2,134
down €2,134 (-11.2%), from €18,977 to €16,843
- Other operating charges -€781
down €781 (-66.8%), from €1,168 to €387
- Depreciation +€678
up €678 (+103.3%), from €656 to €1,333
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 | €87,257 | €690,357 | +€603,100 | +691.2% |
| Fixed assets | 21/28 | €3,344 | €675,611 | +€672,267 | +20101.7% |
| Tangible fixed assets | 22/27 | €3,344 | €2,011 | -€1,333 | -39.9% |
| Furniture and vehicles | 24 | €3,344 | €2,011 | -€1,333 | -39.9% |
| Financial fixed assets | 28 | - | €673,600 | +€673,600 | |
| Current assets | 29/58 | €83,913 | €14,746 | -€69,167 | -82.4% |
| Amounts receivable within one year | 40/41 | €81,683 | €378 | -€81,305 | -99.5% |
| Other amounts receivable | 41 | €81,683 | €378 | -€81,305 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,230 | €14,368 | +€12,138 | +544.4% |
| Total equity and liabilities | 10/49 | €87,257 | €690,357 | +€603,100 | +691.2% |
| Equity | 10/15 | €18,882 | €30,545 | +€11,663 | +61.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Share premium | 1100/10 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,882 | €29,545 | +€11,663 | +65.2% |
| Amounts payable | 17/49 | €68,375 | €659,812 | +€591,437 | +865.0% |
| Amounts payable within one year | 42/48 | €68,375 | €659,812 | +€591,437 | +865.0% |
| Trade debts | 44 | €156 | €40 | -€116 | -74.4% |
| Suppliers | 440/4 | €156 | €40 | -€116 | -74.4% |
| Taxes, remuneration and social security | 45 | €3,150 | €3,221 | +€71 | +2.3% |
| Taxes | 450/3 | €3,150 | €3,221 | +€71 | +2.3% |
| Other amounts payable | 47/48 | €65,069 | €656,551 | +€591,482 | +909.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €1,333 | +€678 | +103.3% |
| Other operating charges | 640/8 | €1,168 | €387 | -€781 | -66.8% |
| Gross operating margin | 9900 | €18,977 | €16,843 | -€2,134 | -11.2% |
| Operating profit (loss) | 9901 | €17,153 | €15,123 | -€2,031 | -11.8% |
| Financial income | 75/76B | €805 | €813 | +€8 | +1.0% |
| Recurring financial income | 75 | €805 | €813 | +€8 | +1.0% |
| Financial charges | 65/66B | €76 | €165 | +€88 | +115.5% |
| Recurring financial charges | 65 | €76 | €165 | +€88 | +115.5% |
| Profit (loss) for the period before taxes | 9903 | €17,882 | €15,771 | -€2,111 | -11.8% |
| Income taxes | 67/77 | - | €4,108 | +€4,108 | |
| Profit (loss) for the period | 9904 | €17,882 | €11,663 | -€6,219 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,882 | €11,663 | -€6,219 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.