Hellinckx Projects: 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.
Hellinckx Projects
Largest movements
- Cash +€25,158
up €25,158 (+849.6%), from €2,961 to €28,119
mainly Receivables within one year (+€13,662) and Net result for the year (+€9,060)
- Receivables within one year -€13,662
down €13,662 (-82.1%), from €16,642 to €2,980
of which Trade receivables: -€13,601
- Tangible fixed assets -€4,197
down €4,197 (-26.1%), from €16,074 to €11,877
- Reserves +€7,460
up €7,460 (+27.4%), from €27,212 to €34,672
- Tax, wage and social debts -€1,645
down €1,645 (-19.6%), from €8,382 to €6,736
- Other debts +€958
up €958 (+171.1%), from €560 to €1,518
- Depreciation +€4,252
up €4,252 (+240.1%), from €1,771 to €6,023
- Gross operating margin +€4,176
up €4,176 (+25.0%), from €16,705 to €20,882
- Other operating charges +€714
up €714 (+209.2%), from €341 to €1,055
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,810 | €45,735 | +€6,925 | +17.8% |
| Fixed assets | 21/28 | €16,674 | €12,477 | -€4,197 | -25.2% |
| Tangible fixed assets | 22/27 | €16,074 | €11,877 | -€4,197 | -26.1% |
| Furniture and vehicles | 24 | €16,074 | €11,877 | -€4,197 | -26.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €22,136 | €33,257 | +€11,122 | +50.2% |
| Amounts receivable within one year | 40/41 | €16,642 | €2,980 | -€13,662 | -82.1% |
| Trade receivables | 40 | €13,601 | €0 | -€13,601 | -100.0% |
| Other amounts receivable | 41 | €3,040 | €2,980 | -€60 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,961 | €28,119 | +€25,158 | +849.6% |
| Deferred charges and accrued income | 490/1 | €2,533 | €2,159 | -€374 | -14.8% |
| Total equity and liabilities | 10/49 | €38,810 | €45,735 | +€6,925 | +17.8% |
| Equity | 10/15 | €29,712 | €37,172 | +€7,460 | +25.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,212 | €34,672 | +€7,460 | +27.4% |
| Distributable reserves | 133 | €27,212 | €34,672 | +€7,460 | +27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,098 | €8,563 | -€536 | -5.9% |
| Amounts payable within one year | 42/48 | €9,098 | €8,563 | -€536 | -5.9% |
| Trade debts | 44 | €157 | €308 | +€152 | +96.7% |
| Suppliers | 440/4 | €157 | €308 | +€152 | +96.7% |
| Taxes, remuneration and social security | 45 | €8,382 | €6,736 | -€1,645 | -19.6% |
| Taxes | 450/3 | €8,382 | €6,736 | -€1,645 | -19.6% |
| Other amounts payable | 47/48 | €560 | €1,518 | +€958 | +171.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,771 | €6,023 | +€4,252 | +240.1% |
| Other operating charges | 640/8 | €341 | €1,055 | +€714 | +209.2% |
| Gross operating margin | 9900 | €16,705 | €20,882 | +€4,176 | +25.0% |
| Operating profit (loss) | 9901 | €14,593 | €13,804 | -€789 | -5.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €174 | €224 | +€50 | +28.4% |
| Recurring financial charges | 65 | €174 | €224 | +€50 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €14,419 | €13,581 | -€839 | -5.8% |
| Income taxes | 67/77 | €4,460 | €4,520 | +€60 | +1.4% |
| Profit (loss) for the period | 9904 | €9,959 | €9,060 | -€899 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,959 | €9,060 | -€899 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.