Hélène Casman: 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.
Hélène Casman
Largest movements
- Receivables within one year -€51,639
down €51,639 (-74.3%), from €69,465 to €17,826
of which Trade receivables: -€36,928
- Cash -€38,805
down €38,805 (-7.8%), from €499,137 to €460,332
mainly Contributions, distributions and other (-€105,263) and Other debts (-€1,143)
- Tangible fixed assets -€9,820
down €9,820 (-23.0%), from €42,732 to €32,912
of which Furniture and vehicles: -€10,168
- Reserves -€96,958
down €96,958 (-16.6%), from €584,679 to €487,721
of which Distributable reserves: -€96,958
- Financial income +€1,319
up €1,319 (+1,318,980%), from €0 to €1,319
- Depreciation +€873
up €873 (+8.7%), from €10,040 to €10,913
- Staff costs -€360
no longer reported in 2025 (was €360)
- Financial charges -€290
down €290 (-86.5%), from €335 to €45
- Gross operating margin +€249
up €249 (+1.1%), from €22,689 to €22,937
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 | €611,335 | €511,071 | -€100,264 | -16.4% |
| Fixed assets | 21/28 | €42,732 | €32,912 | -€9,820 | -23.0% |
| Tangible fixed assets | 22/27 | €42,732 | €32,912 | -€9,820 | -23.0% |
| Plant, machinery and equipment | 23 | €2,215 | €2,563 | +€348 | +15.7% |
| Furniture and vehicles | 24 | €39,817 | €29,649 | -€10,168 | -25.5% |
| Other tangible fixed assets | 26 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €568,603 | €478,158 | -€90,444 | -15.9% |
| Amounts receivable within one year | 40/41 | €69,465 | €17,826 | -€51,639 | -74.3% |
| Trade receivables | 40 | €40,927 | €4,000 | -€36,928 | -90.2% |
| Other amounts receivable | 41 | €28,538 | €13,826 | -€14,712 | -51.6% |
| Cash at bank and in hand | 54/58 | €499,137 | €460,332 | -€38,805 | -7.8% |
| Total equity and liabilities | 10/49 | €611,335 | €511,071 | -€100,264 | -16.4% |
| Equity | 10/15 | €597,079 | €500,121 | -€96,958 | -16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €584,679 | €487,721 | -€96,958 | -16.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €582,824 | €485,866 | -€96,958 | -16.6% |
| Amounts payable | 17/49 | €14,256 | €10,950 | -€3,306 | -23.2% |
| Amounts payable within one year | 42/48 | €8,700 | €5,585 | -€3,114 | -35.8% |
| Trade debts | 44 | €1,017 | - | -€1,017 | |
| Suppliers | 440/4 | €1,017 | - | -€1,017 | |
| Taxes, remuneration and social security | 45 | €1,827 | €873 | -€955 | -52.2% |
| Taxes | 450/3 | €1,827 | €873 | -€955 | -52.2% |
| Other amounts payable | 47/48 | €5,855 | €4,713 | -€1,143 | -19.5% |
| Accrued charges and deferred income | 492/3 | €5,556 | €5,365 | -€191 | -3.4% |
| Non-recurring operating income | 76A | €8,619 | - | -€8,619 | |
| Remuneration, social security and pensions | 62 | €360 | - | -€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,040 | €10,913 | +€873 | +8.7% |
| Other operating charges | 640/8 | €470 | €520 | +€49 | +10.5% |
| Gross operating margin | 9900 | €22,689 | €22,937 | +€249 | +1.1% |
| Operating profit (loss) | 9901 | €11,819 | €11,505 | -€314 | -2.7% |
| Financial income | 75/76B | €0 | €1,319 | +€1,319 | +1,318,980% |
| Recurring financial income | 75 | €0 | €1,319 | +€1,319 | +1,318,980% |
| Financial charges | 65/66B | €335 | €45 | -€290 | -86.5% |
| Recurring financial charges | 65 | €335 | €45 | -€290 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €11,484 | €12,779 | +€1,295 | +11.3% |
| Income taxes | 67/77 | €4,462 | €4,474 | +€12 | +0.3% |
| Profit (loss) for the period | 9904 | €7,022 | €8,305 | +€1,283 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,022 | €8,305 | +€1,283 | +18.3% |
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 1 November 2026 via checked.be.