HELLINX PRINTING: 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.
HELLINX PRINTING
Largest movements
- Receivables within one year +€426,661
up €426,661 (+43.2%), from €987,951 to €1.4m
of which Other amounts receivable: +€411,109
- Cash -€84,583
down €84,583 (-18.8%), from €448,977 to €364,394
mainly Receivables within one year (-€426,661) and Investment in fixed assets (net) (-€44,316)
- Reserves +€285,372
up €285,372 (+18.3%), from €1.6m to €1.8m
- Trade debts +€65,090
up €65,090 (+769.3%), from €8,461 to €73,551
- Debts after one year -€34,176
down €34,176 (-23.6%), from €144,978 to €110,802
- Gross operating margin -€57,451
down €57,451 (-7.7%), from €748,706 to €691,255
- Staff costs +€24,520
up €24,520 (+11.6%), from €211,666 to €236,186
- Taxes -€24,500
down €24,500 (-21.4%), from €114,500 to €90,000
- Depreciation +€10,946
up €10,946 (+22.8%), from €48,056 to €59,002
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 | €1,818,459 | €2,150,341 | +€331,882 | +18.3% |
| Fixed assets | 21/28 | €359,305 | €344,619 | -€14,686 | -4.1% |
| Tangible fixed assets | 22/27 | €152,305 | €137,619 | -€14,686 | -9.6% |
| Plant, machinery and equipment | 23 | €25,589 | €29,155 | +€3,566 | +13.9% |
| Furniture and vehicles | 24 | €44,437 | €54,123 | +€9,686 | +21.8% |
| Leasing and similar rights | 25 | €57,191 | €44,711 | -€12,480 | -21.8% |
| Other tangible fixed assets | 26 | €25,088 | €9,630 | -€15,458 | -61.6% |
| Financial fixed assets | 28 | €207,000 | €207,000 | = | 0.0% |
| Current assets | 29/58 | €1,459,154 | €1,805,722 | +€346,568 | +23.8% |
| Stocks and contracts in progress | 3 | €21,285 | €23,487 | +€2,202 | +10.3% |
| Stocks | 30/36 | €21,285 | €23,487 | +€2,202 | +10.3% |
| Amounts receivable within one year | 40/41 | €987,951 | €1,414,612 | +€426,661 | +43.2% |
| Trade receivables | 40 | €133,194 | €148,746 | +€15,552 | +11.7% |
| Other amounts receivable | 41 | €854,757 | €1,265,866 | +€411,109 | +48.1% |
| Cash at bank and in hand | 54/58 | €448,977 | €364,394 | -€84,583 | -18.8% |
| Deferred charges and accrued income | 490/1 | €941 | €3,229 | +€2,288 | +243.1% |
| Total equity and liabilities | 10/49 | €1,818,459 | €2,150,341 | +€331,882 | +18.3% |
| Equity | 10/15 | €1,577,679 | €1,863,051 | +€285,372 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,559,079 | €1,844,451 | +€285,372 | +18.3% |
| Distributable reserves | 133 | €1,559,079 | €1,844,451 | +€285,372 | +18.3% |
| Amounts payable | 17/49 | €240,780 | €287,290 | +€46,510 | +19.3% |
| Amounts payable after more than one year | 17 | €144,978 | €110,802 | -€34,176 | -23.6% |
| Financial debts | 170/4 | €144,978 | €110,802 | -€34,176 | -23.6% |
| Amounts payable within one year | 42/48 | €95,802 | €169,488 | +€73,686 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €32,989 | €34,176 | +€1,187 | +3.6% |
| Trade debts | 44 | €8,461 | €73,551 | +€65,090 | +769.3% |
| Suppliers | 440/4 | €8,461 | €73,551 | +€65,090 | +769.3% |
| Taxes, remuneration and social security | 45 | €54,352 | €61,761 | +€7,409 | +13.6% |
| Taxes | 450/3 | €38,546 | €24,179 | -€14,367 | -37.3% |
| Remuneration and social security | 454/9 | €15,806 | €37,582 | +€21,776 | +137.8% |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Remuneration, social security and pensions | 62 | €211,666 | €236,186 | +€24,520 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,056 | €59,002 | +€10,946 | +22.8% |
| Other operating charges | 640/8 | €7,507 | €9,366 | +€1,859 | +24.8% |
| Gross operating margin | 9900 | €748,706 | €691,255 | -€57,451 | -7.7% |
| Operating profit (loss) | 9901 | €481,477 | €386,701 | -€94,776 | -19.7% |
| Financial charges | 65/66B | €11,111 | €11,329 | +€218 | +2.0% |
| Recurring financial charges | 65 | €11,111 | €11,329 | +€218 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €470,366 | €375,372 | -€94,994 | -20.2% |
| Income taxes | 67/77 | €114,500 | €90,000 | -€24,500 | -21.4% |
| Profit (loss) for the period | 9904 | €355,866 | €285,372 | -€70,494 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €355,866 | €285,372 | -€70,494 | -19.8% |
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.