HELLIN PATRICK: 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.
HELLIN PATRICK
Largest movements
- Current investments -€30,467
down €30,467 (-16.6%), from €183,292 to €152,824
- Cash -€28,617
down €28,617 (-91.1%), from €31,408 to €2,791
mainly Net result for the year (-€44,953) and Debts after one year (-€16,315)
- Tangible fixed assets -€26,319
down €26,319 (-6.0%), from €437,202 to €410,883
of which Land and buildings: -€26,045
- Profit (loss) carried forward -€44,953
down €44,953 (-40.4%), from -€111,351 to -€156,304
- Debts after one year -€16,315
down €16,315 (-6.5%), from €251,499 to €235,184
- Current portion of long-term debt -€15,282
down €15,282 (-46.4%), from €32,969 to €17,687
- Trade debts -€10,219
down €10,219 (-78.7%), from €12,982 to €2,764
- Gross operating margin +€16,476
up €16,476 (+45.0%), from -€36,606 to -€20,130
- Financial income +€6,750
up €6,750 (+195.1%), from €3,460 to €10,210
- Financial charges -€4,708
down €4,708 (-59.1%), from €7,967 to €3,259
- Depreciation -€901
down €901 (-3.3%), from €27,220 to €26,319
- Other operating charges -€536
down €536 (-10.0%), from €5,373 to €4,837
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 | €655,685 | €568,360 | -€87,325 | -13.3% |
| Fixed assets | 21/28 | €437,202 | €410,883 | -€26,319 | -6.0% |
| Tangible fixed assets | 22/27 | €437,202 | €410,883 | -€26,319 | -6.0% |
| Land and buildings | 22 | €436,928 | €410,883 | -€26,045 | -6.0% |
| Furniture and vehicles | 24 | €274 | €0 | -€274 | -100.0% |
| Current assets | 29/58 | €218,484 | €157,477 | -€61,007 | -27.9% |
| Amounts receivable within one year | 40/41 | €1,779 | €708 | -€1,071 | -60.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,779 | €708 | -€1,071 | -60.2% |
| Current investments | 50/53 | €183,292 | €152,824 | -€30,467 | -16.6% |
| Cash at bank and in hand | 54/58 | €31,408 | €2,791 | -€28,617 | -91.1% |
| Deferred charges and accrued income | 490/1 | €2,005 | €1,154 | -€851 | -42.5% |
| Total equity and liabilities | 10/49 | €655,685 | €568,360 | -€87,325 | -13.3% |
| Equity | 10/15 | €349,880 | €304,927 | -€44,953 | -12.8% |
| Contributions | 10/11 | €47,500 | €47,500 | = | 0.0% |
| Reserves | 13 | €413,731 | €413,731 | = | 0.0% |
| Tax-exempt reserves | 132 | €108 | €108 | = | 0.0% |
| Distributable reserves | 133 | €413,623 | €413,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,351 | -€156,304 | -€44,953 | -40.4% |
| Amounts payable | 17/49 | €305,805 | €263,433 | -€42,373 | -13.9% |
| Amounts payable after more than one year | 17 | €251,499 | €235,184 | -€16,315 | -6.5% |
| Financial debts | 170/4 | €251,499 | €235,184 | -€16,315 | -6.5% |
| Amounts payable within one year | 42/48 | €54,307 | €28,249 | -€26,058 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €32,969 | €17,687 | -€15,282 | -46.4% |
| Trade debts | 44 | €12,982 | €2,764 | -€10,219 | -78.7% |
| Suppliers | 440/4 | €12,982 | €2,764 | -€10,219 | -78.7% |
| Taxes, remuneration and social security | 45 | €1,196 | €342 | -€854 | -71.4% |
| Taxes | 450/3 | €1,196 | €342 | -€854 | -71.4% |
| Other amounts payable | 47/48 | €7,160 | €7,457 | +€297 | +4.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,220 | €26,319 | -€901 | -3.3% |
| Other operating charges | 640/8 | €5,373 | €4,837 | -€536 | -10.0% |
| Gross operating margin | 9900 | -€36,606 | -€20,130 | +€16,476 | +45.0% |
| Operating profit (loss) | 9901 | -€69,198 | -€51,285 | +€17,913 | +25.9% |
| Financial income | 75/76B | €3,460 | €10,210 | +€6,750 | +195.1% |
| Recurring financial income | 75 | €3,460 | €10,210 | +€6,750 | +195.1% |
| Financial charges | 65/66B | €7,967 | €3,259 | -€4,708 | -59.1% |
| Recurring financial charges | 65 | €7,967 | €3,259 | -€4,708 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€73,705 | -€44,334 | +€29,372 | +39.9% |
| Income taxes | 67/77 | €87 | €619 | +€532 | +608.6% |
| Profit (loss) for the period | 9904 | -€73,793 | -€44,953 | +€28,840 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,793 | -€44,953 | +€28,840 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.