HELLAR: 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.
HELLAR
Largest movements
- Tangible fixed assets -€10,861
down €10,861 (-4.6%), from €235,440 to €224,579
- Other debts +€30,500
up €30,500 (+45.5%), from €67,010 to €97,510
- Profit (loss) carried forward -€24,479
down €24,479 (-5.8%), from -€422,233 to -€446,713
- Debts after one year -€17,393
down €17,393 (-3.3%), from €524,925 to €507,532
- Gross operating margin -€12,191
down €12,191, from €7,933 to -€4,258
- Financial charges -€1,002
down €1,002 (-12.4%), from €8,072 to €7,071
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.
Cash bridge derived
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 | €277,809 | €267,666 | -€10,143 | -3.7% |
| Fixed assets | 21/28 | €236,366 | €225,505 | -€10,861 | -4.6% |
| Tangible fixed assets | 22/27 | €235,440 | €224,579 | -€10,861 | -4.6% |
| Land and buildings | 22 | €235,440 | €224,579 | -€10,861 | -4.6% |
| Financial fixed assets | 28 | €926 | €926 | = | 0.0% |
| Current assets | 29/58 | €41,444 | €42,161 | +€718 | +1.7% |
| Amounts receivable within one year | 40/41 | €37,858 | €38,267 | +€409 | +1.1% |
| Trade receivables | 40 | €37,645 | €38,162 | +€517 | +1.4% |
| Other amounts receivable | 41 | €213 | €105 | -€108 | -50.6% |
| Cash at bank and in hand | 54/58 | €3,586 | €3,894 | +€308 | +8.6% |
| Total equity and liabilities | 10/49 | €277,809 | €267,666 | -€10,143 | -3.7% |
| Equity | 10/15 | -€339,733 | -€364,213 | -€24,479 | -7.2% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€422,233 | -€446,713 | -€24,479 | -5.8% |
| Amounts payable | 17/49 | €617,543 | €631,879 | +€14,336 | +2.3% |
| Amounts payable after more than one year | 17 | €524,925 | €507,532 | -€17,393 | -3.3% |
| Financial debts | 170/4 | €524,925 | €507,532 | -€17,393 | -3.3% |
| Amounts payable within one year | 42/48 | €90,604 | €122,386 | +€31,782 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €16,510 | €17,393 | +€883 | +5.3% |
| Trade debts | 44 | €7,085 | €7,484 | +€399 | +5.6% |
| Suppliers | 440/4 | €7,085 | €7,484 | +€399 | +5.6% |
| Other amounts payable | 47/48 | €67,010 | €97,510 | +€30,500 | +45.5% |
| Accrued charges and deferred income | 492/3 | €2,014 | €1,960 | -€53 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,861 | €10,861 | = | 0.0% |
| Other operating charges | 640/8 | €2,220 | €2,290 | +€70 | +3.2% |
| Gross operating margin | 9900 | €7,933 | -€4,258 | -€12,191 | |
| Operating profit (loss) | 9901 | -€5,147 | -€17,409 | -€12,262 | -238.2% |
| Financial charges | 65/66B | €8,072 | €7,071 | -€1,002 | -12.4% |
| Recurring financial charges | 65 | €8,072 | €7,071 | -€1,002 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,219 | -€24,479 | -€11,260 | -85.2% |
| Profit (loss) for the period | 9904 | -€13,219 | -€24,479 | -€11,260 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,219 | -€24,479 | -€11,260 | -85.2% |
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 12 October 2026 via checked.be.