Helga Van Peer: 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.
Helga Van Peer
Largest movements
- Receivables within one year -€52,252
down €52,252 (-48.6%), from €107,556 to €55,304
of which Other amounts receivable: -€37,925
- Reserves -€100,000
down €100,000 (-18.3%), from €546,969 to €446,969
- Other debts +€59,294
up €59,294 (+61.7%), from €96,043 to €155,336
- Trade debts -€7,250
down €7,250 (-82.7%), from €8,770 to €1,519
- Gross operating margin +€164,962
up €164,962 (+152%), from €108,842 to €273,804
- Taxes +€37,882
up €37,882 (+174%), from €21,760 to €59,642
- Financial income -€24,125
down €24,125 (-80.3%), from €30,054 to €5,928
- Depreciation +€3,527
up €3,527 (+21.7%), from €16,269 to €19,796
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 | €698,480 | €653,059 | -€45,421 | -6.5% |
| Fixed assets | 21/28 | €78,347 | €73,369 | -€4,979 | -6.4% |
| Tangible fixed assets | 22/27 | €78,347 | €73,369 | -€4,979 | -6.4% |
| Plant, machinery and equipment | 23 | €26,722 | €23,938 | -€2,784 | -10.4% |
| Furniture and vehicles | 24 | €51,626 | €49,431 | -€2,195 | -4.3% |
| Current assets | 29/58 | €620,133 | €579,690 | -€40,442 | -6.5% |
| Amounts receivable within one year | 40/41 | €107,556 | €55,304 | -€52,252 | -48.6% |
| Trade receivables | 40 | €64,644 | €50,318 | -€14,327 | -22.2% |
| Other amounts receivable | 41 | €42,912 | €4,986 | -€37,925 | -88.4% |
| Current investments | 50/53 | €155,670 | €157,309 | +€1,640 | +1.1% |
| Cash at bank and in hand | 54/58 | €352,451 | €357,077 | +€4,626 | +1.3% |
| Deferred charges and accrued income | 490/1 | €4,455 | €10,000 | +€5,545 | +124% |
| Total equity and liabilities | 10/49 | €698,480 | €653,059 | -€45,421 | -6.5% |
| Equity | 10/15 | €566,969 | €466,969 | -€100,000 | -17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €546,969 | €446,969 | -€100,000 | -18.3% |
| Distributable reserves | 133 | €546,969 | €446,969 | -€100,000 | -18.3% |
| Amounts payable | 17/49 | €131,511 | €186,090 | +€54,579 | +41.5% |
| Amounts payable within one year | 42/48 | €129,311 | €186,090 | +€56,779 | +43.9% |
| Trade debts | 44 | €8,770 | €1,519 | -€7,250 | -82.7% |
| Suppliers | 440/4 | €8,770 | €1,519 | -€7,250 | -82.7% |
| Taxes, remuneration and social security | 45 | €24,498 | €29,234 | +€4,736 | +19.3% |
| Taxes | 450/3 | €24,498 | €29,234 | +€4,736 | +19.3% |
| Other amounts payable | 47/48 | €96,043 | €155,336 | +€59,294 | +61.7% |
| Accrued charges and deferred income | 492/3 | €2,200 | - | -€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,269 | €19,796 | +€3,527 | +21.7% |
| Other operating charges | 640/8 | €1,643 | €1,478 | -€165 | -10.0% |
| Gross operating margin | 9900 | €108,842 | €273,804 | +€164,962 | +152% |
| Operating profit (loss) | 9901 | €90,930 | €252,530 | +€161,600 | +178% |
| Financial income | 75/76B | €30,054 | €5,928 | -€24,125 | -80.3% |
| Recurring financial income | 75 | €30,054 | €5,928 | -€24,125 | -80.3% |
| Financial charges | 65/66B | €161 | €57 | -€105 | -64.9% |
| Recurring financial charges | 65 | €161 | €57 | -€105 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €120,822 | €258,401 | +€137,579 | +114% |
| Income taxes | 67/77 | €21,760 | €59,642 | +€37,882 | +174% |
| Profit (loss) for the period | 9904 | €99,062 | €198,759 | +€99,697 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €99,062 | €198,759 | +€99,697 | +101% |
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 30 October 2026 via checked.be.