HELLINCKX: 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.
HELLINCKX
Largest movements
- Tangible fixed assets -€10,420
down €10,420 (-33.3%), from €31,260 to €20,840
of which Plant, machinery and equipment: -€9,973
- Cash +€9,055
up €9,055 (+21.4%), from €42,248 to €51,302
mainly Depreciation (+€10,420)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,737
up €4,737 (+108.6%), from €4,362 to €9,100
- Purchases and services -€4,737
down €4,737 (-12.6%), from €37,638 to €32,900
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 | €264,350 | €262,985 | -€1,365 | -0.5% |
| Fixed assets | 21/28 | €31,260 | €20,840 | -€10,420 | -33.3% |
| Tangible fixed assets | 22/27 | €31,260 | €20,840 | -€10,420 | -33.3% |
| Land and buildings | 22 | €1,342 | €895 | -€447 | -33.3% |
| Plant, machinery and equipment | 23 | €29,919 | €19,946 | -€9,973 | -33.3% |
| Current assets | 29/58 | €233,090 | €242,145 | +€9,055 | +3.9% |
| Amounts receivable within one year | 40/41 | €190,842 | €190,842 | = | 0.0% |
| Other amounts receivable | 41 | €190,842 | €190,842 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,248 | €51,302 | +€9,055 | +21.4% |
| Total equity and liabilities | 10/49 | €264,350 | €262,985 | -€1,365 | -0.5% |
| Equity | 10/15 | €254,943 | €253,578 | -€1,365 | -0.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €9,626 | €9,626 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,337 | €5,337 | = | 0.0% |
| Distributable reserves | 133 | €4,289 | €4,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,580 | €95,215 | -€1,365 | -1.4% |
| Amounts payable | 17/49 | €9,407 | €9,407 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,407 | €9,407 | = | 0.0% |
| Trade debts | 44 | €279 | €279 | = | 0.0% |
| Suppliers | 440/4 | €279 | €279 | = | 0.0% |
| Other amounts payable | 47/48 | €9,128 | €9,128 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,638 | €32,900 | -€4,737 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,420 | €10,420 | = | 0.0% |
| Gross operating margin | 9900 | €4,362 | €9,100 | +€4,737 | +108.6% |
| Operating profit (loss) | 9901 | -€6,058 | -€1,320 | +€4,737 | +78.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,103 | -€1,365 | +€4,737 | +77.6% |
| Profit (loss) for the period | 9904 | -€6,103 | -€1,365 | +€4,737 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,103 | -€1,365 | +€4,737 | +77.6% |
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.