Groep Hellings: what changed
Two fiscal 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 Hellings
Largest movements
- Receivables within one year +€10,832
up €10,832 (+22.2%), from €48,738 to €59,570
of which Other amounts receivable: +€11,778
- Tangible fixed assets +€4,475
new in 2024: €4,475
- Deferred charges and accrued income +€1,403
new in 2024: €1,403
- Reserves +€8,705
up €8,705 (+80.4%), from €10,828 to €19,534
of which Distributable reserves: +€8,705
- Tax, wage and social debts +€7,512
new in 2024: €7,512
of which Taxes: +€5,607
- Debts after one year +€3,185
new in 2024: €3,185
- Trade debts -€2,260
down €2,260 (-35.6%), from €6,346 to €4,086
- Short-term financial debts -€1,771
down €1,771 (-11.3%), from €15,683 to €13,912
- Gross operating margin +€20,350
up €20,350 (+1076.7%), from €1,890 to €22,240
- Taxes +€5,076
new in 2024: €5,076
- Write-downs +€1,143
new in 2024: €1,143
- Financial charges -€982
down €982 (-24.8%), from €3,958 to €2,976
- Other operating charges -€943
no longer reported in 2024 (was €943)
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,935 | €65,929 | +€16,994 | +34.7% |
| Fixed assets | 21/28 | - | €4,475 | +€4,475 | |
| Tangible fixed assets | 22/27 | - | €4,475 | +€4,475 | |
| Plant, machinery and equipment | 23 | - | €4,475 | +€4,475 | |
| Current assets | 29/58 | €48,935 | €61,454 | +€12,519 | +25.6% |
| Amounts receivable within one year | 40/41 | €48,738 | €59,570 | +€10,832 | +22.2% |
| Trade receivables | 40 | €2,408 | €1,462 | -€946 | -39.3% |
| Other amounts receivable | 41 | €46,330 | €58,108 | +€11,778 | +25.4% |
| Cash at bank and in hand | 54/58 | €197 | €482 | +€285 | +144.4% |
| Deferred charges and accrued income | 490/1 | - | €1,403 | +€1,403 | |
| Total equity and liabilities | 10/49 | €48,935 | €65,929 | +€16,994 | +34.7% |
| Equity | 10/15 | €26,906 | €35,612 | +€8,705 | +32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,828 | €19,534 | +€8,705 | +80.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,968 | €17,674 | +€8,705 | +97.1% |
| Profit (loss) carried forward | 14 | €9,878 | €9,878 | = | 0.0% |
| Amounts payable | 17/49 | €22,029 | €30,318 | +€8,289 | +37.6% |
| Amounts payable after more than one year | 17 | - | €3,185 | +€3,185 | |
| Financial debts | 170/4 | - | €3,185 | +€3,185 | |
| Amounts payable within one year | 42/48 | €22,029 | €27,132 | +€5,104 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | - | €988 | +€988 | |
| Financial debts | 43 | €15,683 | €13,912 | -€1,771 | -11.3% |
| Credit institutions | 430/8 | €15,683 | €13,912 | -€1,771 | -11.3% |
| Trade debts | 44 | €6,346 | €4,086 | -€2,260 | -35.6% |
| Suppliers | 440/4 | €6,346 | €4,086 | -€2,260 | -35.6% |
| Taxes, remuneration and social security | 45 | - | €7,512 | +€7,512 | |
| Taxes | 450/3 | - | €5,607 | +€5,607 | |
| Remuneration and social security | 454/9 | - | €1,905 | +€1,905 | |
| Other amounts payable | 47/48 | - | €635 | +€635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €784 | +€784 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,143 | +€1,143 | |
| Other operating charges | 640/8 | €943 | - | -€943 | |
| Gross operating margin | 9900 | €1,890 | €22,240 | +€20,350 | +1076.7% |
| Operating profit (loss) | 9901 | €947 | €20,313 | +€19,366 | +2045.9% |
| Financial charges | 65/66B | €3,958 | €2,976 | -€982 | -24.8% |
| Recurring financial charges | 65 | €3,958 | €2,976 | -€982 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,012 | €17,337 | +€20,348 | |
| Income taxes | 67/77 | - | €5,076 | +€5,076 | |
| Profit (loss) for the period | 9904 | -€3,012 | €12,261 | +€15,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,012 | €12,261 | +€15,273 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.