FILIP HELLEMANS: 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.
FILIP HELLEMANS
Largest movements
- Receivables within one year -€17,301
down €17,301 (-70.9%), from €24,418 to €7,117
of which Trade receivables: -€15,899
- Cash +€14,323
up €14,323 (+8.1%), from €176,938 to €191,261
mainly Other debts (+€38,380) and Net result for the year (+€36,826)
- Other debts +€38,380
up €38,380 (+294%), from €13,054 to €51,434
- Accrued charges and deferred income -€34,390
no longer reported in 2025 (was €34,390)
- Reserves -€6,876
down €6,876 (-5.1%), from €134,175 to €127,299
- Gross operating margin -€5,935
down €5,935 (-10.2%), from €58,126 to €52,191
- Financial charges -€4,196
down €4,196 (-79.9%), from €5,251 to €1,055
- Financial income +€1,313
up €1,313 (+3,003%), from €44 to €1,357
- Taxes -€854
down €854 (-6.3%), from €13,501 to €12,647
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 | €206,198 | €202,790 | -€3,408 | -1.7% |
| Fixed assets | 21/28 | €4,302 | €3,725 | -€578 | -13.4% |
| Tangible fixed assets | 22/27 | €4,302 | €3,725 | -€578 | -13.4% |
| Furniture and vehicles | 24 | €4,302 | €3,725 | -€578 | -13.4% |
| Current assets | 29/58 | €201,896 | €199,065 | -€2,831 | -1.4% |
| Amounts receivable within one year | 40/41 | €24,418 | €7,117 | -€17,301 | -70.9% |
| Trade receivables | 40 | €23,016 | €7,117 | -€15,899 | -69.1% |
| Other amounts receivable | 41 | €1,401 | - | -€1,401 | |
| Cash at bank and in hand | 54/58 | €176,938 | €191,261 | +€14,323 | +8.1% |
| Deferred charges and accrued income | 490/1 | €540 | €688 | +€147 | +27.3% |
| Total equity and liabilities | 10/49 | €206,198 | €202,790 | -€3,408 | -1.7% |
| Equity | 10/15 | €152,775 | €145,899 | -€6,876 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,175 | €127,299 | -€6,876 | -5.1% |
| Distributable reserves | 133 | €134,175 | €127,299 | -€6,876 | -5.1% |
| Amounts payable | 17/49 | €53,423 | €56,891 | +€3,468 | +6.5% |
| Amounts payable within one year | 42/48 | €19,033 | €56,891 | +€37,858 | +199% |
| Trade debts | 44 | €1,672 | €1,710 | +€38 | +2.3% |
| Suppliers | 440/4 | €1,672 | €1,710 | +€38 | +2.3% |
| Taxes, remuneration and social security | 45 | €4,308 | €3,747 | -€561 | -13.0% |
| Taxes | 450/3 | €4,308 | €3,747 | -€561 | -13.0% |
| Other amounts payable | 47/48 | €13,054 | €51,434 | +€38,380 | +294% |
| Accrued charges and deferred income | 492/3 | €34,390 | - | -€34,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,448 | €1,934 | +€486 | +33.6% |
| Other operating charges | 640/8 | €1,161 | €1,085 | -€76 | -6.5% |
| Gross operating margin | 9900 | €58,126 | €52,191 | -€5,935 | -10.2% |
| Operating profit (loss) | 9901 | €55,517 | €49,172 | -€6,345 | -11.4% |
| Financial income | 75/76B | €44 | €1,357 | +€1,313 | +3,003% |
| Recurring financial income | 75 | €44 | €1,357 | +€1,313 | +3,003% |
| Financial charges | 65/66B | €5,251 | €1,055 | -€4,196 | -79.9% |
| Recurring financial charges | 65 | €5,251 | €1,055 | -€4,196 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €50,309 | €49,474 | -€836 | -1.7% |
| Income taxes | 67/77 | €13,501 | €12,647 | -€854 | -6.3% |
| Profit (loss) for the period | 9904 | €36,808 | €36,826 | +€18 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,808 | €36,826 | +€18 | 0.0% |
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 20 October 2026 via checked.be.