HELSEN BART: 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.
HELSEN BART
Largest movements
- Receivables within one year -€25,120
down €25,120 (-91.5%), from €27,446 to €2,326
of which Other amounts receivable: -€23,898
- Cash +€17,644
up €17,644 (+48.3%), from €36,511 to €54,156
mainly Receivables within one year (+€25,120) and Net result for the year (+€18,891)
- Deferred charges and accrued income +€1,244
up €1,244 (+401%), from €310 to €1,554
- Tangible fixed assets -€979
down €979 (-6.9%), from €14,211 to €13,231
of which Plant, machinery and equipment: -€1,572
- Reserves -€11,109
down €11,109 (-14.7%), from €75,519 to €64,410
of which Distributable reserves: -€11,109
- Tax, wage and social debts +€4,255
up €4,255, from €0 to €4,255
- Gross operating margin +€20,779
up €20,779 (+139%), from €14,966 to €35,745
- Taxes +€7,053
up €7,053 (+181%), from €3,888 to €10,942
- Financial charges +€1,456
up €1,456 (+654%), from €223 to €1,678
- Financial income -€814
down €814 (-59.2%), from €1,374 to €560
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 | €84,005 | €77,145 | -€6,860 | -8.2% |
| Fixed assets | 21/28 | €14,261 | €13,281 | -€979 | -6.9% |
| Tangible fixed assets | 22/27 | €14,211 | €13,231 | -€979 | -6.9% |
| Plant, machinery and equipment | 23 | €5,567 | €3,995 | -€1,572 | -28.2% |
| Furniture and vehicles | 24 | €2,396 | €3,740 | +€1,344 | +56.1% |
| Other tangible fixed assets | 26 | €6,248 | €5,496 | -€752 | -12.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €69,745 | €63,864 | -€5,881 | -8.4% |
| Stocks and contracts in progress | 3 | €505 | €1,093 | +€587 | +116% |
| Stocks | 30/36 | €505 | €1,093 | +€587 | +116% |
| Amounts receivable within one year | 40/41 | €27,446 | €2,326 | -€25,120 | -91.5% |
| Trade receivables | 40 | €1,221 | €0 | -€1,221 | -100% |
| Other amounts receivable | 41 | €26,225 | €2,326 | -€23,898 | -91.1% |
| Current investments | 50/53 | €4,972 | €4,735 | -€236 | -4.8% |
| Cash at bank and in hand | 54/58 | €36,511 | €54,156 | +€17,644 | +48.3% |
| Deferred charges and accrued income | 490/1 | €310 | €1,554 | +€1,244 | +401% |
| Total equity and liabilities | 10/49 | €84,005 | €77,145 | -€6,860 | -8.2% |
| Equity | 10/15 | €81,719 | €70,610 | -€11,109 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,519 | €64,410 | -€11,109 | -14.7% |
| Tax-exempt reserves | 132 | €670 | €670 | = | 0.0% |
| Distributable reserves | 133 | €74,849 | €63,740 | -€11,109 | -14.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,287 | €6,535 | +€4,248 | +186% |
| Amounts payable within one year | 42/48 | €2,287 | €6,535 | +€4,248 | +186% |
| Trade debts | 44 | €2,287 | €2,280 | -€7 | -0.3% |
| Suppliers | 440/4 | €2,287 | €2,280 | -€7 | -0.3% |
| Taxes, remuneration and social security | 45 | €0 | €4,255 | +€4,255 | |
| Taxes | 450/3 | €0 | €4,255 | +€4,255 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,903 | €3,879 | -€25 | -0.6% |
| Other operating charges | 640/8 | €1,038 | €915 | -€122 | -11.8% |
| Gross operating margin | 9900 | €14,966 | €35,745 | +€20,779 | +139% |
| Operating profit (loss) | 9901 | €10,025 | €30,951 | +€20,926 | +209% |
| Financial income | 75/76B | €1,374 | €560 | -€814 | -59.2% |
| Recurring financial income | 75 | €1,374 | €560 | -€814 | -59.2% |
| Financial charges | 65/66B | €223 | €1,678 | +€1,456 | +654% |
| Recurring financial charges | 65 | €223 | €1,678 | +€1,456 | +654% |
| Profit (loss) for the period before taxes | 9903 | €11,176 | €29,833 | +€18,657 | +167% |
| Income taxes | 67/77 | €3,888 | €10,942 | +€7,053 | +181% |
| Profit (loss) for the period | 9904 | €7,288 | €18,891 | +€11,603 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €7,288 | €18,891 | +€11,603 | +159% |
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 25 October 2026 via checked.be.