HELLEBOSCH: 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.
HELLEBOSCH
Largest movements
- Financial fixed assets -€75,000
down €75,000 (-82.2%), from €91,223 to €16,223
- Tangible fixed assets -€47,625
down €47,625 (-13.9%), from €342,656 to €295,031
of which Furniture and vehicles: -€47,625
- Receivables within one year +€24,925
up €24,925 (+15.4%), from €161,578 to €186,503
of which Other amounts receivable: +€59,861
- Profit (loss) carried forward -€83,544
down €83,544 (-124.2%), from -€67,290 to -€150,835
- Reserves -€22,479
down €22,479 (-12.6%), from €179,029 to €156,550
- Other debts +€17,572
up €17,572 (+28.2%), from €62,248 to €79,820
- Trade debts -€13,314
down €13,314 (-87.3%), from €15,253 to €1,939
- Tax, wage and social debts +€11,334
up €11,334 (+37.8%), from €30,000 to €41,334
- Other operating charges +€77,059
up €77,059 (+2681.1%), from €2,874 to €79,933
- Taxes -€12,758
down €12,758 (-25.7%), from €49,631 to €36,872
- Gross operating margin -€12,708
down €12,708 (-18.9%), from €67,082 to €54,374
- Depreciation +€5,989
up €5,989 (+13.6%), from €44,113 to €50,102
- Financial income +€2,168
new in 2025: €2,168
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 | €604,464 | €508,272 | -€96,192 | -15.9% |
| Fixed assets | 21/28 | €437,818 | €312,717 | -€125,102 | -28.6% |
| Intangible fixed assets | 21 | €3,939 | €1,462 | -€2,477 | -62.9% |
| Tangible fixed assets | 22/27 | €342,656 | €295,031 | -€47,625 | -13.9% |
| Furniture and vehicles | 24 | €341,634 | €294,009 | -€47,625 | -13.9% |
| Other tangible fixed assets | 26 | €1,023 | €1,023 | = | 0.0% |
| Financial fixed assets | 28 | €91,223 | €16,223 | -€75,000 | -82.2% |
| Current assets | 29/58 | €166,646 | €195,555 | +€28,910 | +17.3% |
| Amounts receivable within one year | 40/41 | €161,578 | €186,503 | +€24,925 | +15.4% |
| Trade receivables | 40 | €105,014 | €70,078 | -€34,936 | -33.3% |
| Other amounts receivable | 41 | €56,564 | €116,424 | +€59,861 | +105.8% |
| Cash at bank and in hand | 54/58 | €4,798 | €8,762 | +€3,964 | +82.6% |
| Deferred charges and accrued income | 490/1 | €270 | €291 | +€21 | +7.8% |
| Total equity and liabilities | 10/49 | €604,464 | €508,272 | -€96,192 | -15.9% |
| Equity | 10/15 | €451,081 | €345,058 | -€106,023 | -23.5% |
| Contributions | 10/11 | €339,343 | €339,343 | = | 0.0% |
| Capital | 10 | €335,326 | €335,326 | = | 0.0% |
| Issued capital | 100 | €335,326 | €335,326 | = | 0.0% |
| Outside capital | 11 | €4,017 | €4,017 | = | 0.0% |
| Share premium | 1100/10 | €4,017 | €4,017 | = | 0.0% |
| Reserves | 13 | €179,029 | €156,550 | -€22,479 | -12.6% |
| Tax-exempt reserves | 132 | €179,029 | €156,550 | -€22,479 | -12.6% |
| Profit (loss) carried forward | 14 | -€67,290 | -€150,835 | -€83,544 | -124.2% |
| Provisions and deferred taxes | 16 | €45,882 | €40,121 | -€5,761 | -12.6% |
| Provisions for liabilities and charges | 160/5 | €45,882 | €40,121 | -€5,761 | -12.6% |
| Taxes | 161 | €45,882 | €40,121 | -€5,761 | -12.6% |
| Amounts payable | 17/49 | €107,501 | €123,093 | +€15,592 | +14.5% |
| Amounts payable within one year | 42/48 | €107,501 | €123,093 | +€15,592 | +14.5% |
| Trade debts | 44 | €15,253 | €1,939 | -€13,314 | -87.3% |
| Suppliers | 440/4 | €15,253 | €1,939 | -€13,314 | -87.3% |
| Taxes, remuneration and social security | 45 | €30,000 | €41,334 | +€11,334 | +37.8% |
| Taxes | 450/3 | €30,000 | €41,334 | +€11,334 | +37.8% |
| Other amounts payable | 47/48 | €62,248 | €79,820 | +€17,572 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,113 | €50,102 | +€5,989 | +13.6% |
| Other operating charges | 640/8 | €2,874 | €79,933 | +€77,059 | +2681.1% |
| Gross operating margin | 9900 | €67,082 | €54,374 | -€12,708 | -18.9% |
| Operating profit (loss) | 9901 | €20,095 | -€75,661 | -€95,756 | |
| Financial income | 75/76B | - | €2,168 | +€2,168 | |
| Recurring financial income | 75 | - | €2,168 | +€2,168 | |
| Financial charges | 65/66B | €535 | €1,418 | +€883 | +165.0% |
| Recurring financial charges | 65 | €535 | €1,418 | +€883 | +165.0% |
| Profit (loss) for the period before taxes | 9903 | €19,560 | -€74,912 | -€94,472 | |
| Transfer from deferred taxes | 780 | €5,761 | €5,761 | = | 0.0% |
| Income taxes | 67/77 | €49,631 | €36,872 | -€12,758 | -25.7% |
| Profit (loss) for the period | 9904 | -€24,310 | -€106,023 | -€81,713 | -336.1% |
| Transfer from tax-exempt reserves | 789 | €22,479 | €22,479 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,831 | -€83,544 | -€81,713 | -4462.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.