DE HELHOEK: 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.
DE HELHOEK
Largest movements
- Stocks and contracts -€10,291
down €10,291 (-23.9%), from €43,123 to €32,832
- Cash -€7,547
down €7,547 (-72.9%), from €10,358 to €2,812
mainly Investment in fixed assets (net) (-€30,602) and Debts after one year (-€8,276)
- Tangible fixed assets +€4,636
up €4,636 (+1.3%), from €357,492 to €362,128
of which Plant, machinery and equipment: +€10,166
- Debts after one year -€8,276
down €8,276 (-17.4%), from €47,586 to €39,310
- Other debts +€6,712
up €6,712 (+3.9%), from €172,936 to €179,648
- Profit (loss) carried forward -€5,138
down €5,138 (-1.5%), from -€345,552 to -€350,690
- Gross operating margin +€10,646
up €10,646 (+61.0%), from €17,457 to €28,102
- Depreciation +€1,441
up €1,441 (+5.9%), from €24,525 to €25,966
- Other operating charges -€938
down €938 (-15.9%), from €5,881 to €4,943
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 | €414,370 | €404,944 | -€9,426 | -2.3% |
| Fixed assets | 21/28 | €357,542 | €362,178 | +€4,636 | +1.3% |
| Tangible fixed assets | 22/27 | €357,492 | €362,128 | +€4,636 | +1.3% |
| Land and buildings | 22 | €328,986 | €317,217 | -€11,769 | -3.6% |
| Plant, machinery and equipment | 23 | €4,931 | €15,096 | +€10,166 | +206% |
| Furniture and vehicles | 24 | €16,877 | €24,267 | +€7,390 | +43.8% |
| Other tangible fixed assets | 26 | €6,698 | €5,548 | -€1,150 | -17.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €56,827 | €42,766 | -€14,062 | -24.7% |
| Stocks and contracts in progress | 3 | €43,123 | €32,832 | -€10,291 | -23.9% |
| Stocks | 30/36 | €43,123 | €32,832 | -€10,291 | -23.9% |
| Amounts receivable within one year | 40/41 | €2,573 | €4,893 | +€2,319 | +90.1% |
| Trade receivables | 40 | €2,118 | €4,672 | +€2,555 | +121% |
| Other amounts receivable | 41 | €456 | €220 | -€236 | -51.7% |
| Cash at bank and in hand | 54/58 | €10,358 | €2,812 | -€7,547 | -72.9% |
| Deferred charges and accrued income | 490/1 | €773 | €2,230 | +€1,457 | +189% |
| Total equity and liabilities | 10/49 | €414,370 | €404,944 | -€9,426 | -2.3% |
| Equity | 10/15 | €176,948 | €171,810 | -€5,138 | -2.9% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Capital | 10 | €475,000 | €475,000 | = | 0.0% |
| Issued capital | 100 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €47,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,500 | €47,500 | = | 0.0% |
| Legal reserve | 130 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,552 | -€350,690 | -€5,138 | -1.5% |
| Amounts payable | 17/49 | €237,422 | €233,135 | -€4,287 | -1.8% |
| Amounts payable after more than one year | 17 | €47,586 | €39,310 | -€8,276 | -17.4% |
| Financial debts | 170/4 | €47,586 | €39,310 | -€8,276 | -17.4% |
| Amounts payable within one year | 42/48 | €188,006 | €193,785 | +€5,780 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,378 | €8,276 | -€1,102 | -11.7% |
| Trade debts | 44 | €4,268 | €3,946 | -€323 | -7.6% |
| Suppliers | 440/4 | €4,268 | €3,946 | -€323 | -7.6% |
| Taxes, remuneration and social security | 45 | €1,423 | €1,915 | +€492 | +34.6% |
| Taxes | 450/3 | €1,423 | €1,915 | +€492 | +34.6% |
| Other amounts payable | 47/48 | €172,936 | €179,648 | +€6,712 | +3.9% |
| Accrued charges and deferred income | 492/3 | €1,830 | €40 | -€1,791 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,525 | €25,966 | +€1,441 | +5.9% |
| Other operating charges | 640/8 | €5,881 | €4,943 | -€938 | -15.9% |
| Gross operating margin | 9900 | €17,457 | €28,102 | +€10,646 | +61.0% |
| Operating profit (loss) | 9901 | -€12,950 | -€2,807 | +€10,143 | +78.3% |
| Financial income | 75/76B | €10 | €16 | +€6 | +62.1% |
| Recurring financial income | 75 | €10 | €16 | +€6 | +62.1% |
| Financial charges | 65/66B | €1,811 | €1,550 | -€261 | -14.4% |
| Recurring financial charges | 65 | €1,811 | €1,550 | -€261 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,751 | -€4,340 | +€10,411 | +70.6% |
| Income taxes | 67/77 | €754 | €798 | +€44 | +5.8% |
| Profit (loss) for the period | 9904 | -€15,505 | -€5,138 | +€10,367 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,505 | -€5,138 | +€10,367 | +66.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.