HELMATHEEK: 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.
HELMATHEEK
Largest movements
- Cash +€42,533
up €42,533 (+141.5%), from €30,059 to €72,592
mainly Net result for the year (+€90,551) and Receivables within one year (+€21,350)
- Receivables within one year -€21,350
down €21,350 (-11.1%), from €192,078 to €170,728
- Reserves +€90,551
up €90,551 (+6.3%), from €1.4m to €1.5m
- Other debts -€75,170
down €75,170 (-95.0%), from €79,138 to €3,967
- Gross operating margin -€106,282
down €106,282 (-42.4%), from €250,447 to €144,165
- Taxes -€33,951
down €33,951 (-48.3%), from €70,252 to €36,301
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 | €1,539,825 | €1,560,778 | +€20,952 | +1.4% |
| Fixed assets | 21/28 | €1,315,940 | €1,315,480 | -€459 | 0.0% |
| Tangible fixed assets | 22/27 | €24,288 | €22,954 | -€1,334 | -5.5% |
| Plant, machinery and equipment | 23 | €15,245 | €12,929 | -€2,315 | -15.2% |
| Furniture and vehicles | 24 | €9,044 | €10,025 | +€981 | +10.8% |
| Financial fixed assets | 28 | €1,291,651 | €1,292,526 | +€875 | +0.1% |
| Current assets | 29/58 | €223,886 | €245,297 | +€21,412 | +9.6% |
| Amounts receivable within one year | 40/41 | €192,078 | €170,728 | -€21,350 | -11.1% |
| Other amounts receivable | 41 | €192,078 | €170,728 | -€21,350 | -11.1% |
| Cash at bank and in hand | 54/58 | €30,059 | €72,592 | +€42,533 | +141.5% |
| Deferred charges and accrued income | 490/1 | €1,749 | €1,977 | +€228 | +13.0% |
| Total equity and liabilities | 10/49 | €1,539,825 | €1,560,778 | +€20,952 | +1.4% |
| Equity | 10/15 | €1,442,286 | €1,532,837 | +€90,551 | +6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,429,886 | €1,520,437 | +€90,551 | +6.3% |
| Distributable reserves | 133 | €1,429,886 | €1,520,437 | +€90,551 | +6.3% |
| Amounts payable | 17/49 | €97,539 | €27,940 | -€69,599 | -71.4% |
| Amounts payable within one year | 42/48 | €97,539 | €27,940 | -€69,599 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €11,840 | €10,102 | -€1,738 | -14.7% |
| Credit institutions | 430/8 | €11,840 | €10,102 | -€1,738 | -14.7% |
| Trade debts | 44 | €2,833 | €3,564 | +€731 | +25.8% |
| Suppliers | 440/4 | €2,833 | €3,564 | +€731 | +25.8% |
| Taxes, remuneration and social security | 45 | €3,728 | €10,307 | +€6,579 | +176.5% |
| Taxes | 450/3 | €3,038 | €9,056 | +€6,018 | +198.1% |
| Remuneration and social security | 454/9 | €690 | €1,251 | +€560 | +81.2% |
| Other amounts payable | 47/48 | €79,138 | €3,967 | -€75,170 | -95.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9,612 | €9,806 | +€194 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,758 | €4,070 | +€312 | +8.3% |
| Other operating charges | 640/8 | €1,270 | €1,703 | +€434 | +34.2% |
| Gross operating margin | 9900 | €250,447 | €144,165 | -€106,282 | -42.4% |
| Operating profit (loss) | 9901 | €235,807 | €128,585 | -€107,222 | -45.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,521 | €1,733 | -€787 | -31.2% |
| Recurring financial charges | 65 | €2,521 | €1,733 | -€787 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €233,287 | €126,852 | -€106,435 | -45.6% |
| Income taxes | 67/77 | €70,252 | €36,301 | -€33,951 | -48.3% |
| Profit (loss) for the period | 9904 | €163,035 | €90,551 | -€72,483 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,035 | €90,551 | -€72,483 | -44.5% |
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 9 October 2026 via checked.be.