E Hellebaut: 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.
What changed
E Hellebaut
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€79,797
2024 · -€1,546-€78,251
Equity
€47,129
2024 · €126,926-€79,797
Cash
€6,211
2024 · €7,299-€1,088
Balance sheet total
€1.3m
2024 · €816,376+€501,040
Largest movements
Assets
- Tangible fixed assets +€503,003
up €503,003 (+62.6%), from €803,817 to €1.3m
of which Land and buildings: +€507,635
Equity and liabilities
- Current portion of long-term debt +€601,782
up €601,782 (+1,443%), from €41,691 to €643,474
- Profit (loss) carried forward -€77,036
down €77,036 (-278%), from -€27,712 to -€104,748
- Debts after one year -€43,474
down €43,474 (-26.4%), from €164,572 to €121,098
- Other debts +€29,642
up €29,642 (+7.0%), from €423,048 to €452,689
Income statement
- Depreciation +€69,981
up €69,981 (+183%), from €38,249 to €108,230
- Financial charges +€4,653
up €4,653 (+45.5%), from €10,229 to €14,882
- Gross operating margin -€4,469
down €4,469 (-8.7%), from €51,109 to €46,640
- Other operating charges -€794
down €794 (-15.3%), from €5,196 to €4,402
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.
Result 2024
-€1,546
Gross operating margin
-€4,469
Depreciation
-€69,981
Other operating charges
+€794
Financial income
+€85
Financial charges
-€4,653
Taxes
-€27
Result 2025
-€79,797
raises the resultlowers the result
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.
From operations
+€51,837
Investment
-€611,233
Financing
+€558,309
Cash 2024
€7,299
From operations (derived)
+€51,837
Net result for the year
-€79,797
Depreciation
+€108,230
Smaller working-capital items
-€521
Trade debts
-€3,023
Other debts
+€29,642
Accrued charges and deferred income
-€2,695
Investment (derived)
-€611,233
Investment in fixed assets (net)
-€611,233
Financing
+€558,309
Debts after one year
-€43,474
Current portion of long-term debt
+€601,782
Cash 2025
€6,211
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €816,376 | €1,317,417 | +€501,040 | +61.4% |
| Fixed assets | 21/28 | €803,842 | €1,306,844 | +€503,003 | +62.6% |
| Tangible fixed assets | 22/27 | €803,817 | €1,306,820 | +€503,003 | +62.6% |
| Land and buildings | 22 | €786,561 | €1,294,196 | +€507,635 | +64.5% |
| Plant, machinery and equipment | 23 | €607 | €278 | -€330 | -54.3% |
| Furniture and vehicles | 24 | €16,648 | €12,346 | -€4,303 | -25.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €12,535 | €10,572 | -€1,962 | -15.7% |
| Amounts receivable within one year | 40/41 | €4,862 | €3,975 | -€887 | -18.2% |
| Trade receivables | 40 | €4,862 | €3,975 | -€887 | -18.2% |
| Cash at bank and in hand | 54/58 | €7,299 | €6,211 | -€1,088 | -14.9% |
| Deferred charges and accrued income | 490/1 | €374 | €386 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €816,376 | €1,317,417 | +€501,040 | +61.4% |
| Equity | 10/15 | €126,926 | €47,129 | -€79,797 | -62.9% |
| Contributions | 10/11 | €66,292 | €66,292 | = | 0.0% |
| Reserves | 13 | €88,346 | €85,585 | -€2,761 | -3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €85,787 | €83,026 | -€2,761 | -3.2% |
| Distributable reserves | 133 | €2,559 | €2,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,712 | -€104,748 | -€77,036 | -278% |
| Provisions and deferred taxes | 16 | €36,014 | €34,593 | -€1,422 | -3.9% |
| Deferred taxes | 168 | €36,014 | €34,593 | -€1,422 | -3.9% |
| Amounts payable | 17/49 | €653,436 | €1,235,695 | +€582,259 | +89.1% |
| Amounts payable after more than one year | 17 | €164,572 | €121,098 | -€43,474 | -26.4% |
| Financial debts | 170/4 | €164,572 | €121,098 | -€43,474 | -26.4% |
| Amounts payable within one year | 42/48 | €471,170 | €1,099,597 | +€628,427 | +133% |
| Current portion of amounts payable after more than one year | 42 | €41,691 | €643,474 | +€601,782 | +1,443% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,820 | €2,797 | -€3,023 | -51.9% |
| Suppliers | 440/4 | €5,820 | €2,797 | -€3,023 | -51.9% |
| Taxes, remuneration and social security | 45 | €610 | €637 | +€27 | +4.4% |
| Taxes | 450/3 | €410 | €437 | +€27 | +6.5% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Other amounts payable | 47/48 | €423,048 | €452,689 | +€29,642 | +7.0% |
| Accrued charges and deferred income | 492/3 | €17,695 | €15,000 | -€2,695 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,249 | €108,230 | +€69,981 | +183% |
| Other operating charges | 640/8 | €5,196 | €4,402 | -€794 | -15.3% |
| Gross operating margin | 9900 | €51,109 | €46,640 | -€4,469 | -8.7% |
| Operating profit (loss) | 9901 | €7,663 | -€65,992 | -€73,656 | |
| Financial income | 75/76B | €8 | €93 | +€85 | +1,053% |
| Recurring financial income | 75 | €8 | €93 | +€85 | +1,053% |
| Financial charges | 65/66B | €10,229 | €14,882 | +€4,653 | +45.5% |
| Recurring financial charges | 65 | €10,229 | €14,882 | +€4,653 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,557 | -€80,781 | -€78,224 | -3,059% |
| Transfer from deferred taxes | 780 | €1,422 | €1,422 | = | 0.0% |
| Income taxes | 67/77 | €410 | €437 | +€27 | +6.5% |
| Profit (loss) for the period | 9904 | -€1,546 | -€79,797 | -€78,251 | -5,061% |
| Transfer from tax-exempt reserves | 789 | €2,761 | €2,761 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,215 | -€77,036 | -€78,251 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.