ERIC HELSLOOT: 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.
ERIC HELSLOOT
Largest movements
- Tangible fixed assets -€6,862
no longer reported in 2025 (was €6,862)
- Cash +€3,068
up €3,068 (+744%), from €413 to €3,480
mainly Net result for the year (+€14,708) and Depreciation (+€6,862)
- Receivables within one year +€2,428
up €2,428 (+10.5%), from €23,147 to €25,575
of which Trade receivables: +€1,677
- Reserves +€10,000
up €10,000 (+44.3%), from €22,588 to €32,588
of which Distributable reserves: +€10,000
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt -€7,191
no longer reported in 2025 (was €7,191)
- Profit (loss) carried forward +€4,708
up €4,708 (+14.2%), from -€33,141 to -€28,433
- Tax, wage and social debts +€1,926
up €1,926 (+35.1%), from €5,481 to €7,407
- Gross operating margin +€14,295
up €14,295 (+143%), from €10,027 to €24,322
- Depreciation -€1,553
down €1,553 (-18.5%), from €8,415 to €6,862
- Taxes +€1,000
new in 2025: €1,000
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 | €34,257 | €33,023 | -€1,234 | -3.6% |
| Fixed assets | 21/28 | €7,087 | €225 | -€6,862 | -96.8% |
| Tangible fixed assets | 22/27 | €6,862 | - | -€6,862 | |
| Furniture and vehicles | 24 | €6,862 | - | -€6,862 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €27,170 | €32,798 | +€5,628 | +20.7% |
| Amounts receivable within one year | 40/41 | €23,147 | €25,575 | +€2,428 | +10.5% |
| Trade receivables | 40 | €18,870 | €20,547 | +€1,677 | +8.9% |
| Other amounts receivable | 41 | €4,277 | €5,028 | +€751 | +17.5% |
| Cash at bank and in hand | 54/58 | €413 | €3,480 | +€3,068 | +744% |
| Deferred charges and accrued income | 490/1 | €3,610 | €3,743 | +€133 | +3.7% |
| Total equity and liabilities | 10/49 | €34,257 | €33,023 | -€1,234 | -3.6% |
| Equity | 10/15 | €9,447 | €24,155 | +€14,708 | +156% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,588 | €32,588 | +€10,000 | +44.3% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €17,588 | €27,588 | +€10,000 | +56.9% |
| Profit (loss) carried forward | 14 | -€33,141 | -€28,433 | +€4,708 | +14.2% |
| Amounts payable | 17/49 | €24,810 | €8,868 | -€15,942 | -64.3% |
| Amounts payable within one year | 42/48 | €24,810 | €8,868 | -€15,942 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €7,191 | - | -€7,191 | |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €2,138 | €1,461 | -€677 | -31.7% |
| Suppliers | 440/4 | €2,138 | €1,461 | -€677 | -31.7% |
| Taxes, remuneration and social security | 45 | €5,481 | €7,407 | +€1,926 | +35.1% |
| Taxes | 450/3 | €5,481 | €7,407 | +€1,926 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,415 | €6,862 | -€1,553 | -18.5% |
| Other operating charges | 640/8 | €712 | €775 | +€63 | +8.8% |
| Gross operating margin | 9900 | €10,027 | €24,322 | +€14,295 | +143% |
| Operating profit (loss) | 9901 | €899 | €16,685 | +€15,786 | +1,755% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,084 | €979 | -€106 | -9.7% |
| Recurring financial charges | 65 | €1,084 | €979 | -€106 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€185 | €15,708 | +€15,893 | |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | -€185 | €14,708 | +€14,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€185 | €14,708 | +€14,893 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.