DR. H. VERHELST: what changed
What changed
DR. H. VERHELST
filed annual accounts (NBB)
Net result for the year
€3,342
2023 · -€23,373+€26,715
Equity
€2.5m
2023 · €2.5m+€3,342
Cash
€132,388
2023 · €94,428+€37,960
Balance sheet total
€2.9m
2023 · €2.8m+€65,431
Largest movements
Assets
- Receivables after one year +€57,512
up €57,512 (+4.4%), from €1.3m to €1.4m
- Cash +€37,960
up €37,960 (+40.2%), from €94,428 to €132,388
mainly Short-term financial debts (+€90,000) and Receivables within one year (+€16,995)
Equity and liabilities
- Short-term financial debts +€90,000
up €90,000 (+81.8%), from €110,000 to €200,000
Income statement
- Gross operating margin +€18,051
up €18,051 (+33.0%), from -€54,675 to -€36,624
- Financial income +€10,946
up €10,946 (+22.3%), from €49,065 to €60,011
- Financial charges +€1,854
up €1,854 (+11.6%), from €15,915 to €17,769
- Other operating charges +€578
up €578 (+34.0%), from €1,698 to €2,276
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€23,373
Gross operating margin
+€18,051
Other operating charges
-€578
Financial income
+€10,946
Financial charges
-€1,854
Taxes
+€150
Result 2024
€3,342
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€40,703
Investment
+€12,894
Financing
+€65,769
Cash 2023
€94,428
From operations (derived)
-€40,703
Net result for the year
+€3,342
Receivables after one year
-€57,512
Receivables within one year
+€16,995
Deferred charges and accrued income
+€152
Trade debts
+€523
Accrued charges and deferred income
-€4,203
Investment (derived)
+€12,894
Investment in fixed assets (net)
+€12,894
Financing
+€65,769
Debts after one year
-€23,196
Current portion of long-term debt
-€1,035
Short-term financial debts
+€90,000
Cash 2024
€132,388
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,813,939 | €2,879,370 | +€65,431 | +2.3% |
| Fixed assets | 21/28 | €1,312,894 | €1,300,000 | -€12,894 | -1.0% |
| Tangible fixed assets | 22/27 | €12,894 | - | -€12,894 | |
| Furniture and vehicles | 24 | €12,894 | - | -€12,894 | |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €1,501,045 | €1,579,370 | +€78,325 | +5.2% |
| Amounts receivable after more than one year | 29 | €1,305,881 | €1,363,393 | +€57,512 | +4.4% |
| Other amounts receivable | 291 | €1,305,881 | €1,363,393 | +€57,512 | +4.4% |
| Amounts receivable within one year | 40/41 | €100,584 | €83,589 | -€16,995 | -16.9% |
| Other amounts receivable | 41 | €100,584 | €83,589 | -€16,995 | -16.9% |
| Cash at bank and in hand | 54/58 | €94,428 | €132,388 | +€37,960 | +40.2% |
| Deferred charges and accrued income | 490/1 | €152 | - | -€152 | |
| Total equity and liabilities | 10/49 | €2,813,939 | €2,879,370 | +€65,431 | +2.3% |
| Equity | 10/15 | €2,470,117 | €2,473,459 | +€3,342 | +0.1% |
| Contributions | 10/11 | €824,200 | €824,200 | = | 0.0% |
| Contributions outside capital | 11 | €824,200 | €824,200 | = | 0.0% |
| Other | 1109/19 | €824,200 | €824,200 | = | 0.0% |
| Reserves | 13 | €1,645,917 | €1,645,917 | = | 0.0% |
| Distributable reserves | 133 | €1,645,917 | €1,645,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,342 | +€3,342 | |
| Amounts payable | 17/49 | €343,822 | €405,911 | +€62,089 | +18.1% |
| Amounts payable after more than one year | 17 | €195,438 | €172,242 | -€23,196 | -11.9% |
| Financial debts | 170/4 | €195,438 | €172,242 | -€23,196 | -11.9% |
| Amounts payable within one year | 42/48 | €144,181 | €233,669 | +€89,488 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €24,230 | €23,195 | -€1,035 | -4.3% |
| Financial debts | 43 | €110,000 | €200,000 | +€90,000 | +81.8% |
| Credit institutions | 430/8 | €110,000 | €200,000 | +€90,000 | +81.8% |
| Trade debts | 44 | €9,951 | €10,474 | +€523 | +5.3% |
| Suppliers | 440/4 | €9,951 | €10,474 | +€523 | +5.3% |
| Accrued charges and deferred income | 492/3 | €4,203 | - | -€4,203 | |
| Other operating charges | 640/8 | €1,698 | €2,276 | +€578 | +34.0% |
| Gross operating margin | 9900 | -€54,675 | -€36,624 | +€18,051 | +33.0% |
| Operating profit (loss) | 9901 | -€56,373 | -€38,900 | +€17,473 | +31.0% |
| Financial income | 75/76B | €49,065 | €60,011 | +€10,946 | +22.3% |
| Recurring financial income | 75 | €49,065 | €60,011 | +€10,946 | +22.3% |
| Financial charges | 65/66B | €15,915 | €17,769 | +€1,854 | +11.6% |
| Recurring financial charges | 65 | €15,915 | €17,769 | +€1,854 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,223 | €3,342 | +€26,565 | |
| Income taxes | 67/77 | €150 | - | -€150 | |
| Profit (loss) for the period | 9904 | -€23,373 | €3,342 | +€26,715 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,373 | €3,342 | +€26,715 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.