L. HELE TRANS: 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.
L. HELE TRANS
Largest movements
- Tangible fixed assets +€141,291
up €141,291 (+281%), from €50,281 to €191,572
- Cash -€18,252
down €18,252 (-21.9%), from €83,316 to €65,064
mainly Investment in fixed assets (net) (-€190,600) and Contributions, distributions and other (-€20,000)
- Receivables within one year -€4,133
down €4,133 (-11.9%), from €34,798 to €30,665
of which Other amounts receivable: -€6,403
- Reserves +€50,782
up €50,782 (+54.3%), from €93,441 to €144,222
of which Tax-exempt reserves: +€53,102
- Debts after one year +€44,570
up €44,570 (+272%), from €16,386 to €60,957
- Current portion of long-term debt +€14,517
up €14,517 (+144%), from €10,095 to €24,612
- Provisions +€13,275
new in 2025: €13,275
- Gross operating margin +€50,540
up €50,540 (+59.6%), from €84,849 to €135,388
- Taxes -€18,715
down €18,715, from €17,767 to -€948
- Depreciation +€18,452
up €18,452 (+59.8%), from €30,857 to €49,309
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 | €171,913 | €292,706 | +€120,792 | +70.3% |
| Fixed assets | 21/28 | €50,281 | €191,572 | +€141,291 | +281% |
| Tangible fixed assets | 22/27 | €50,281 | €191,572 | +€141,291 | +281% |
| Furniture and vehicles | 24 | €50,281 | €191,572 | +€141,291 | +281% |
| Current assets | 29/58 | €121,632 | €101,133 | -€20,499 | -16.9% |
| Amounts receivable within one year | 40/41 | €34,798 | €30,665 | -€4,133 | -11.9% |
| Trade receivables | 40 | €23,876 | €26,147 | +€2,271 | +9.5% |
| Other amounts receivable | 41 | €10,922 | €4,518 | -€6,403 | -58.6% |
| Cash at bank and in hand | 54/58 | €83,316 | €65,064 | -€18,252 | -21.9% |
| Deferred charges and accrued income | 490/1 | €3,519 | €5,404 | +€1,885 | +53.6% |
| Total equity and liabilities | 10/49 | €171,913 | €292,706 | +€120,792 | +70.3% |
| Equity | 10/15 | €117,021 | €167,803 | +€50,782 | +43.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €93,441 | €144,222 | +€50,782 | +54.3% |
| Tax-exempt reserves | 132 | - | €53,102 | +€53,102 | |
| Distributable reserves | 133 | €93,441 | €91,121 | -€2,320 | -2.5% |
| Profit (loss) carried forward | 14 | €11,180 | €11,180 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €13,275 | +€13,275 | |
| Deferred taxes | 168 | - | €13,275 | +€13,275 | |
| Amounts payable | 17/49 | €54,892 | €111,628 | +€56,735 | +103% |
| Amounts payable after more than one year | 17 | €16,386 | €60,957 | +€44,570 | +272% |
| Financial debts | 170/4 | €16,386 | €60,957 | +€44,570 | +272% |
| Amounts payable within one year | 42/48 | €38,506 | €50,671 | +€12,165 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €10,095 | €24,612 | +€14,517 | +144% |
| Trade debts | 44 | €6,379 | €6,893 | +€514 | +8.1% |
| Suppliers | 440/4 | €6,379 | €6,893 | +€514 | +8.1% |
| Taxes, remuneration and social security | 45 | €21,532 | €19,086 | -€2,447 | -11.4% |
| Taxes | 450/3 | €18,290 | €15,365 | -€2,925 | -16.0% |
| Remuneration and social security | 454/9 | €3,242 | €3,720 | +€478 | +14.7% |
| Other amounts payable | 47/48 | €500 | €80 | -€420 | -83.9% |
| Non-recurring operating income | 76A | - | €74,000 | +€74,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,857 | €49,309 | +€18,452 | +59.8% |
| Other operating charges | 640/8 | €948 | €997 | +€48 | +5.1% |
| Gross operating margin | 9900 | €84,849 | €135,388 | +€50,540 | +59.6% |
| Operating profit (loss) | 9901 | €53,043 | €85,083 | +€32,040 | +60.4% |
| Financial income | 75/76B | €339 | €0 | -€339 | -100% |
| Recurring financial income | 75 | €339 | €0 | -€339 | -100% |
| Financial charges | 65/66B | €1,189 | €1,974 | +€785 | +66.1% |
| Recurring financial charges | 65 | €1,189 | €1,974 | +€785 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €52,194 | €83,109 | +€30,915 | +59.2% |
| Transfer from deferred taxes | 780 | - | €1,525 | +€1,525 | |
| Transfer to deferred taxes | 680 | - | €14,800 | +€14,800 | |
| Income taxes | 67/77 | €17,767 | -€948 | -€18,715 | |
| Profit (loss) for the period | 9904 | €34,427 | €70,782 | +€36,355 | +106% |
| Transfer from tax-exempt reserves | 789 | - | €6,098 | +€6,098 | |
| Transfer to tax-exempt reserves | 689 | - | €59,200 | +€59,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,427 | €17,680 | -€16,747 | -48.6% |
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 23 October 2026 via checked.be.