Hellings Transport: 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.
Hellings Transport
Largest movements
- Receivables within one year -€421,178
down €421,178 (-55.3%), from €761,168 to €339,990
of which Trade receivables: -€295,903
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash -€113,628
down €113,628 (-41.6%), from €273,350 to €159,722
mainly Trade debts (-€328,625) and Receivables after one year (-€200,000)
- Trade debts -€328,625
down €328,625 (-71.9%), from €457,282 to €128,658
- Reserves -€200,000
down €200,000 (-60.2%), from €332,310 to €132,310
of which Distributable reserves: -€200,000
- Other debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€12,625
down €12,625 (-6.7%), from €187,592 to €174,967
- Gross operating margin -€142,679
down €142,679 (-83.3%), from €171,377 to €28,698
- Taxes -€36,679
down €36,679 (-99.9%), from €36,704 to €26
- Staff costs -€14,517
down €14,517 (-27.4%), from €52,988 to €38,471
- Financial income -€10,907
down €10,907 (-92.5%), from €11,794 to €886
- Other operating charges -€3,935
down €3,935 (-76.0%), from €5,176 to €1,240
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.
Derived cash bridge
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 | €1,050,877 | €712,077 | -€338,800 | -32.2% |
| Fixed assets | 21/28 | €13,070 | €11,003 | -€2,067 | -15.8% |
| Tangible fixed assets | 22/27 | €12,800 | €11,003 | -€1,797 | -14.0% |
| Land and buildings | 22 | €12,677 | €11,003 | -€1,674 | -13.2% |
| Furniture and vehicles | 24 | €123 | €0 | -€123 | -100% |
| Financial fixed assets | 28 | €270 | - | -€270 | |
| Current assets | 29/58 | €1,037,808 | €701,074 | -€336,733 | -32.4% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €761,168 | €339,990 | -€421,178 | -55.3% |
| Trade receivables | 40 | €623,920 | €328,017 | -€295,903 | -47.4% |
| Other amounts receivable | 41 | €137,248 | €11,973 | -€125,275 | -91.3% |
| Cash at bank and in hand | 54/58 | €273,350 | €159,722 | -€113,628 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,289 | €1,362 | -€1,928 | -58.6% |
| Total equity and liabilities | 10/49 | €1,050,877 | €712,077 | -€338,800 | -32.2% |
| Equity | 10/15 | €581,902 | €369,277 | -€212,625 | -36.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €332,310 | €132,310 | -€200,000 | -60.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €129 | €129 | = | 0.0% |
| Distributable reserves | 133 | €325,981 | €125,981 | -€200,000 | -61.4% |
| Profit (loss) carried forward | 14 | €187,592 | €174,967 | -€12,625 | -6.7% |
| Amounts payable | 17/49 | €468,975 | €342,800 | -€126,175 | -26.9% |
| Amounts payable within one year | 42/48 | €468,975 | €342,800 | -€126,175 | -26.9% |
| Trade debts | 44 | €457,282 | €128,658 | -€328,625 | -71.9% |
| Suppliers | 440/4 | €457,282 | €128,658 | -€328,625 | -71.9% |
| Taxes, remuneration and social security | 45 | €11,693 | €14,143 | +€2,450 | +21.0% |
| Taxes | 450/3 | €7,674 | €8,864 | +€1,190 | +15.5% |
| Remuneration and social security | 454/9 | €4,019 | €5,279 | +€1,260 | +31.3% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Remuneration, social security and pensions | 62 | €52,988 | €38,471 | -€14,517 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,971 | €1,797 | -€174 | -8.8% |
| Other operating charges | 640/8 | €5,176 | €1,240 | -€3,935 | -76.0% |
| Gross operating margin | 9900 | €171,377 | €28,698 | -€142,679 | -83.3% |
| Operating profit (loss) | 9901 | €111,243 | -€12,810 | -€124,053 | |
| Financial income | 75/76B | €11,794 | €886 | -€10,907 | -92.5% |
| Recurring financial income | 75 | €11,794 | €886 | -€10,907 | -92.5% |
| Financial charges | 65/66B | €1,389 | €676 | -€713 | -51.3% |
| Recurring financial charges | 65 | €1,389 | €676 | -€713 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €121,648 | -€12,600 | -€134,247 | |
| Transfer from deferred taxes | 780 | €3,821 | €0 | -€3,821 | -100% |
| Income taxes | 67/77 | €36,704 | €26 | -€36,679 | -99.9% |
| Profit (loss) for the period | 9904 | €88,764 | -€12,625 | -€101,390 | |
| Transfer from tax-exempt reserves | 789 | €11,463 | €0 | -€11,463 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €100,228 | -€12,625 | -€112,853 |
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 17 October 2026 via checked.be.