HELSEN GRONDWERKEN: what changed
What changed
HELSEN GRONDWERKEN
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€11,185
2024 · €17,592-€6,407
Equity
€894,085
2024 · €882,900+€11,185
Cash
€164,911
2024 · €381,190-€216,279
Balance sheet total
€1.7m
2024 · €2.0m-€297,466
Largest movements
Assets
- Cash -€216,279
down €216,279 (-56.7%), from €381,190 to €164,911
mainly Other debts (-€180,016) and Short-term financial debts (-€118,350)
- Stocks and contracts -€67,500
down €67,500 (-5.0%), from €1.4m to €1.3m
- Tangible fixed assets -€21,295
down €21,295 (-29.0%), from €73,514 to €52,219
of which Furniture and vehicles: -€29,921
Equity and liabilities
- Other debts -€180,016
down €180,016 (-79.3%), from €227,000 to €46,984
- Short-term financial debts -€118,350
down €118,350 (-14.1%), from €840,000 to €721,650
Income statement
- Other operating charges -€42,868
down €42,868 (-62.8%), from €68,237 to €25,370
- Gross operating margin -€32,715
down €32,715 (-20.7%), from €158,077 to €125,362
- Financial charges +€15,307
up €15,307 (+45.2%), from €33,889 to €49,197
- Depreciation +€5,119
up €5,119 (+16.7%), from €30,570 to €35,690
- Taxes -€3,303
down €3,303 (-36.2%), from €9,122 to €5,819
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,592
Gross operating margin
-€32,715
Staff costs
-€86
Depreciation
-€5,119
Other operating charges
+€42,868
Financial income
+€650
Financial charges
-€15,307
Taxes
+€3,303
Result 2025
€11,185
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€84,074
Investment
-€13,855
Financing
-€118,350
Cash 2024
€381,190
From operations (derived)
-€84,074
Net result for the year
+€11,185
Depreciation
+€35,690
Stocks and contracts
+€67,500
Receivables within one year
-€7,398
Deferred charges and accrued income
-€750
Trade debts
-€8,463
Tax, wage and social debts
-€1,822
Other debts
-€180,016
Investment (derived)
-€13,855
Investment in fixed assets (net)
-€13,855
Financing
-€118,350
Short-term financial debts
-€118,350
Cash 2025
€164,911
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,009,327 | €1,711,861 | -€297,466 | -14.8% |
| Fixed assets | 21/28 | €79,549 | €57,714 | -€21,835 | -27.4% |
| Tangible fixed assets | 22/27 | €73,514 | €52,219 | -€21,295 | -29.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €9,701 | €18,327 | +€8,626 | +88.9% |
| Furniture and vehicles | 24 | €63,813 | €33,892 | -€29,921 | -46.9% |
| Financial fixed assets | 28 | €6,035 | €5,495 | -€540 | -8.9% |
| Current assets | 29/58 | €1,929,778 | €1,654,147 | -€275,631 | -14.3% |
| Stocks and contracts in progress | 3 | €1,350,000 | €1,282,500 | -€67,500 | -5.0% |
| Stocks | 30/36 | €1,350,000 | €1,282,500 | -€67,500 | -5.0% |
| Amounts receivable within one year | 40/41 | €198,588 | €205,986 | +€7,398 | +3.7% |
| Trade receivables | 40 | €196,443 | €161,716 | -€34,727 | -17.7% |
| Other amounts receivable | 41 | €2,145 | €44,270 | +€42,125 | +1,964% |
| Cash at bank and in hand | 54/58 | €381,190 | €164,911 | -€216,279 | -56.7% |
| Deferred charges and accrued income | 490/1 | - | €750 | +€750 | |
| Total equity and liabilities | 10/49 | €2,009,327 | €1,711,861 | -€297,466 | -14.8% |
| Equity | 10/15 | €882,900 | €894,085 | +€11,185 | +1.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €863,900 | €875,085 | +€11,185 | +1.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €845,150 | €856,335 | +€11,185 | +1.3% |
| Amounts payable | 17/49 | €1,126,427 | €817,776 | -€308,651 | -27.4% |
| Amounts payable within one year | 42/48 | €1,126,427 | €817,776 | -€308,651 | -27.4% |
| Financial debts | 43 | €840,000 | €721,650 | -€118,350 | -14.1% |
| Credit institutions | 430/8 | €840,000 | €721,650 | -€118,350 | -14.1% |
| Trade debts | 44 | €47,853 | €39,390 | -€8,463 | -17.7% |
| Suppliers | 440/4 | €47,853 | €39,390 | -€8,463 | -17.7% |
| Taxes, remuneration and social security | 45 | €11,574 | €9,752 | -€1,822 | -15.7% |
| Taxes | 450/3 | €8,574 | €9,752 | +€1,178 | +13.7% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €227,000 | €46,984 | -€180,016 | -79.3% |
| Remuneration, social security and pensions | 62 | €0 | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,570 | €35,690 | +€5,119 | +16.7% |
| Other operating charges | 640/8 | €68,237 | €25,370 | -€42,868 | -62.8% |
| Gross operating margin | 9900 | €158,077 | €125,362 | -€32,715 | -20.7% |
| Operating profit (loss) | 9901 | €59,269 | €64,216 | +€4,947 | +8.3% |
| Financial income | 75/76B | €1,334 | €1,984 | +€650 | +48.8% |
| Recurring financial income | 75 | €1,334 | €1,984 | +€650 | +48.8% |
| Financial charges | 65/66B | €33,889 | €49,197 | +€15,307 | +45.2% |
| Recurring financial charges | 65 | €33,889 | €49,197 | +€15,307 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €26,714 | €17,004 | -€9,710 | -36.3% |
| Income taxes | 67/77 | €9,122 | €5,819 | -€3,303 | -36.2% |
| Profit (loss) for the period | 9904 | €17,592 | €11,185 | -€6,407 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,592 | €11,185 | -€6,407 | -36.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.