Groep 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.
Groep Hellemans
Largest movements
- Receivables within one year -€99,950
down €99,950 (-94.8%), from €105,379 to €5,429
of which Trade receivables: -€100,000
- Current investments +€75,763
up €75,763 (+23.8%), from €317,859 to €393,622
- Cash -€63,122
down €63,122 (-91.2%), from €69,183 to €6,061
mainly Accrued charges and deferred income (-€100,000) and Current investments (-€75,763)
- Accrued charges and deferred income -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€51,601
up €51,601 (+15.5%), from €333,729 to €385,330
- Other debts -€44,005
down €44,005 (-90.2%), from €48,791 to €4,786
- Gross operating margin +€37,144
up €37,144 (+91.4%), from €40,631 to €77,776
- Taxes +€10,036
up €10,036 (+101%), from €9,939 to €19,974
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 | €559,863 | €468,845 | -€91,018 | -16.3% |
| Fixed assets | 21/28 | €65,601 | €62,147 | -€3,454 | -5.3% |
| Tangible fixed assets | 22/27 | €65,376 | €61,922 | -€3,454 | -5.3% |
| Land and buildings | 22 | €64,460 | €61,276 | -€3,185 | -4.9% |
| Plant, machinery and equipment | 23 | €916 | €647 | -€269 | -29.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €494,262 | €406,698 | -€87,564 | -17.7% |
| Amounts receivable within one year | 40/41 | €105,379 | €5,429 | -€99,950 | -94.8% |
| Trade receivables | 40 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 41 | €5,379 | €5,429 | +€50 | +0.9% |
| Current investments | 50/53 | €317,859 | €393,622 | +€75,763 | +23.8% |
| Cash at bank and in hand | 54/58 | €69,183 | €6,061 | -€63,122 | -91.2% |
| Deferred charges and accrued income | 490/1 | €1,842 | €1,587 | -€255 | -13.9% |
| Total equity and liabilities | 10/49 | €559,863 | €468,845 | -€91,018 | -16.3% |
| Equity | 10/15 | €405,106 | €456,707 | +€51,601 | +12.7% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €333,729 | €385,330 | +€51,601 | +15.5% |
| Distributable reserves | 133 | €333,729 | €385,330 | +€51,601 | +15.5% |
| Profit (loss) carried forward | 14 | €15,601 | €15,601 | = | 0.0% |
| Amounts payable | 17/49 | €154,757 | €12,138 | -€142,619 | -92.2% |
| Amounts payable within one year | 42/48 | €54,757 | €12,138 | -€42,619 | -77.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,342 | €2,674 | +€332 | +14.2% |
| Suppliers | 440/4 | €2,342 | €2,674 | +€332 | +14.2% |
| Taxes, remuneration and social security | 45 | €3,624 | €4,678 | +€1,054 | +29.1% |
| Taxes | 450/3 | €822 | €4,678 | +€3,856 | +469% |
| Remuneration and social security | 454/9 | €2,802 | €0 | -€2,802 | -100% |
| Other amounts payable | 47/48 | €48,791 | €4,786 | -€44,005 | -90.2% |
| Accrued charges and deferred income | 492/3 | €100,000 | €0 | -€100,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,454 | €3,454 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,707 | €4,104 | -€603 | -12.8% |
| Gross operating margin | 9900 | €40,631 | €77,776 | +€37,144 | +91.4% |
| Operating profit (loss) | 9901 | €32,470 | €70,218 | +€37,748 | +116% |
| Financial income | 75/76B | €1,107 | €1,712 | +€605 | +54.7% |
| Recurring financial income | 75 | €1,107 | €1,712 | +€605 | +54.7% |
| Financial charges | 65/66B | €428 | €355 | -€73 | -17.1% |
| Recurring financial charges | 65 | €428 | €355 | -€73 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €33,149 | €71,575 | +€38,426 | +116% |
| Income taxes | 67/77 | €9,939 | €19,974 | +€10,036 | +101% |
| Profit (loss) for the period | 9904 | €23,210 | €51,601 | +€28,391 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €23,210 | €51,601 | +€28,391 | +122% |
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 24 October 2026 via checked.be.