HELLY HANSEN: 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.
HELLY HANSEN
Largest movements
- Cash +€531,876
up €531,876 (+46.8%), from €1.1m to €1.7m
mainly Trade debts (+€222,691) and Receivables within one year (+€114,754)
- Receivables within one year -€114,754
down €114,754 (-18.9%), from €607,787 to €493,033
of which Trade receivables: -€133,754
- Trade debts +€222,691
up €222,691 (+29.7%), from €749,069 to €971,761
- Accrued charges and deferred income +€107,954
new in 2025: €107,954
- Profit (loss) carried forward +€66,513
up €66,513 (+59.6%), from -€111,670 to -€45,157
- Gross operating margin -€63,024
down €63,024 (-45.9%), from €137,432 to €74,408
- Taxes +€13,801
new in 2025: €13,801
- Financial income -€11,198
down €11,198 (-31.3%), from €35,811 to €24,614
- Depreciation -€2,944
down €2,944 (-59.4%), from €4,958 to €2,015
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 | €1,746,886 | €2,161,994 | +€415,107 | +23.8% |
| Fixed assets | 21/28 | €2,015 | €0 | -€2,015 | -100% |
| Tangible fixed assets | 22/27 | €2,015 | €0 | -€2,015 | -100% |
| Plant, machinery and equipment | 23 | €2,015 | €0 | -€2,015 | -100% |
| Current assets | 29/58 | €1,744,872 | €2,161,994 | +€417,122 | +23.9% |
| Amounts receivable within one year | 40/41 | €607,787 | €493,033 | -€114,754 | -18.9% |
| Trade receivables | 40 | €582,787 | €449,033 | -€133,754 | -23.0% |
| Other amounts receivable | 41 | €25,000 | €44,000 | +€19,000 | +76.0% |
| Cash at bank and in hand | 54/58 | €1,137,085 | €1,668,961 | +€531,876 | +46.8% |
| Total equity and liabilities | 10/49 | €1,746,886 | €2,161,994 | +€415,107 | +23.8% |
| Equity | 10/15 | €950,330 | €1,016,843 | +€66,513 | +7.0% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €68,200 | €68,200 | = | 0.0% |
| Issued capital | 100 | €68,200 | €68,200 | = | 0.0% |
| Contributions outside capital | 11 | €993,800 | €993,800 | = | 0.0% |
| Share premium | 1100/10 | €993,800 | €993,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,670 | -€45,157 | +€66,513 | +59.6% |
| Amounts payable | 17/49 | €796,556 | €1,145,150 | +€348,594 | +43.8% |
| Amounts payable within one year | 42/48 | €796,556 | €1,037,196 | +€240,640 | +30.2% |
| Trade debts | 44 | €749,069 | €971,761 | +€222,691 | +29.7% |
| Suppliers | 440/4 | €749,069 | €971,761 | +€222,691 | +29.7% |
| Taxes, remuneration and social security | 45 | €47,487 | €65,436 | +€17,949 | +37.8% |
| Taxes | 450/3 | €47,487 | €65,436 | +€17,949 | +37.8% |
| Accrued charges and deferred income | 492/3 | - | €107,954 | +€107,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,958 | €2,015 | -€2,944 | -59.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,078 | €2,214 | +€1,136 | +105% |
| Gross operating margin | 9900 | €137,432 | €74,408 | -€63,024 | -45.9% |
| Operating profit (loss) | 9901 | €131,395 | €70,179 | -€61,216 | -46.6% |
| Financial income | 75/76B | €35,811 | €24,614 | -€11,198 | -31.3% |
| Recurring financial income | 75 | €35,811 | €24,614 | -€11,198 | -31.3% |
| Financial charges | 65/66B | €14,272 | €14,479 | +€207 | +1.5% |
| Recurring financial charges | 65 | €14,272 | €14,479 | +€207 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €152,935 | €80,314 | -€72,621 | -47.5% |
| Income taxes | 67/77 | - | €13,801 | +€13,801 | |
| Profit (loss) for the period | 9904 | €152,935 | €66,513 | -€86,422 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,935 | €66,513 | -€86,422 | -56.5% |
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 15 October 2026 via checked.be.