HELSEN-PROJECTS: 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-PROJECTS
Largest movements
- Tangible fixed assets -€25,792
down €25,792 (-25.6%), from €100,843 to €75,051
of which Leasing and similar rights: -€21,939
- Receivables within one year +€15,205
up €15,205 (+83.4%), from €18,229 to €33,433
of which Other amounts receivable: +€17,498
- Deferred charges and accrued income +€12,814
up €12,814, from €0 to €12,814
- Cash -€5,785
down €5,785 (-98.7%), from €5,859 to €74
mainly Debts after one year (-€29,627) and Receivables within one year (-€15,205)
- Debts after one year -€29,627
down €29,627 (-35.4%), from €83,796 to €54,169
- Trade debts +€15,976
up €15,976 (+3356.3%), from €476 to €16,452
- Profit (loss) carried forward +€6,514
up €6,514 (+116.2%), from €5,608 to €12,122
- Tax, wage and social debts +€4,586
up €4,586 (+64.1%), from €7,152 to €11,738
- Current portion of long-term debt -€3,574
down €3,574 (-13.3%), from €26,961 to €23,387
- Gross operating margin +€14,473
up €14,473 (+47.6%), from €30,432 to €44,905
- Financial charges +€5,602
up €5,602 (+125.4%), from €4,468 to €10,070
- Depreciation -€5,073
down €5,073 (-24.8%), from €20,438 to €15,365
- Taxes +€2,730
up €2,730 (+147.6%), from €1,849 to €4,579
- Other operating charges +€2,650
up €2,650 (+36.3%), from €7,297 to €9,947
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,993 | €122,174 | -€4,819 | -3.8% |
| Fixed assets | 21/28 | €102,904 | €75,852 | -€27,052 | -26.3% |
| Intangible fixed assets | 21 | €2,061 | €801 | -€1,260 | -61.1% |
| Tangible fixed assets | 22/27 | €100,843 | €75,051 | -€25,792 | -25.6% |
| Plant, machinery and equipment | 23 | €10,724 | €7,330 | -€3,394 | -31.6% |
| Furniture and vehicles | 24 | €7,553 | €5,592 | -€1,962 | -26.0% |
| Leasing and similar rights | 25 | €66,921 | €44,982 | -€21,939 | -32.8% |
| Other tangible fixed assets | 26 | €15,645 | €17,147 | +€1,503 | +9.6% |
| Current assets | 29/58 | €24,088 | €46,322 | +€22,234 | +92.3% |
| Amounts receivable within one year | 40/41 | €18,229 | €33,433 | +€15,205 | +83.4% |
| Trade receivables | 40 | €2,294 | €0 | -€2,294 | -100.0% |
| Other amounts receivable | 41 | €15,935 | €33,433 | +€17,498 | +109.8% |
| Cash at bank and in hand | 54/58 | €5,859 | €74 | -€5,785 | -98.7% |
| Deferred charges and accrued income | 490/1 | €0 | €12,814 | +€12,814 | |
| Total equity and liabilities | 10/49 | €126,993 | €122,174 | -€4,819 | -3.8% |
| Equity | 10/15 | €8,608 | €15,122 | +€6,514 | +75.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,608 | €12,122 | +€6,514 | +116.2% |
| Amounts payable | 17/49 | €118,385 | €107,052 | -€11,333 | -9.6% |
| Amounts payable after more than one year | 17 | €83,796 | €54,169 | -€29,627 | -35.4% |
| Financial debts | 170/4 | €83,796 | €54,169 | -€29,627 | -35.4% |
| Amounts payable within one year | 42/48 | €34,589 | €52,883 | +€18,294 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €26,961 | €23,387 | -€3,574 | -13.3% |
| Financial debts | 43 | - | €1,306 | +€1,306 | |
| Credit institutions | 430/8 | - | €1,306 | +€1,306 | |
| Trade debts | 44 | €476 | €16,452 | +€15,976 | +3356.3% |
| Suppliers | 440/4 | €476 | €16,452 | +€15,976 | +3356.3% |
| Taxes, remuneration and social security | 45 | €7,152 | €11,738 | +€4,586 | +64.1% |
| Taxes | 450/3 | €7,152 | €11,738 | +€4,586 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,438 | €15,365 | -€5,073 | -24.8% |
| Other operating charges | 640/8 | €7,297 | €9,947 | +€2,650 | +36.3% |
| Non-recurring operating charges | 66A | €1,202 | €0 | -€1,202 | -100.0% |
| Gross operating margin | 9900 | €30,432 | €44,905 | +€14,473 | +47.6% |
| Operating profit (loss) | 9901 | €1,494 | €19,593 | +€18,098 | +1211.1% |
| Financial income | 75/76B | €421 | €1,570 | +€1,149 | +272.8% |
| Recurring financial income | 75 | €421 | €1,570 | +€1,149 | +272.8% |
| Financial charges | 65/66B | €4,468 | €10,070 | +€5,602 | +125.4% |
| Recurring financial charges | 65 | €4,468 | €10,070 | +€5,602 | +125.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,552 | €11,093 | +€13,645 | |
| Income taxes | 67/77 | €1,849 | €4,579 | +€2,730 | +147.6% |
| Profit (loss) for the period | 9904 | -€4,401 | €6,514 | +€10,915 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,401 | €6,514 | +€10,915 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.