NoterHelleman: 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.
NoterHelleman
Largest movements
- Cash +€4,122
up €4,122 (+110%), from €3,733 to €7,855
mainly Net result for the year (+€6,611) and Depreciation (+€3,231)
- Tangible fixed assets +€3,439
up €3,439 (+70.6%), from €4,869 to €8,308
of which Other tangible fixed assets: +€1,883
- Receivables within one year -€2,711
down €2,711 (-91.4%), from €2,966 to €255
- Stocks and contracts +€628
up €628 (+24.5%), from €2,564 to €3,193
- Deferred charges and accrued income +€314
new in 2025: €314
- Reserves +€4,945
up €4,945 (+643%), from €769 to €5,714
- Tax, wage and social debts +€910
up €910 (+32.1%), from €2,833 to €3,743
of which Taxes: +€1,910
- Trade debts -€224
down €224 (-49.2%), from €455 to €231
- Gross operating margin +€7,595
up €7,595 (+190%), from €3,998 to €11,593
- Taxes +€1,399
up €1,399 (+1,571%), from €89 to €1,488
- Depreciation +€642
up €642 (+24.8%), from €2,589 to €3,231
- Other operating charges -€359
down €359 (-65.9%), from €545 to €186
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 | €14,132 | €19,924 | +€5,792 | +41.0% |
| Fixed assets | 21/28 | €4,869 | €8,308 | +€3,439 | +70.6% |
| Tangible fixed assets | 22/27 | €4,869 | €8,308 | +€3,439 | +70.6% |
| Furniture and vehicles | 24 | €1,893 | €3,449 | +€1,556 | +82.2% |
| Other tangible fixed assets | 26 | €2,976 | €4,858 | +€1,883 | +63.3% |
| Current assets | 29/58 | €9,263 | €11,617 | +€2,354 | +25.4% |
| Stocks and contracts in progress | 3 | €2,564 | €3,193 | +€628 | +24.5% |
| Stocks | 30/36 | €2,564 | €3,193 | +€628 | +24.5% |
| Amounts receivable within one year | 40/41 | €2,966 | €255 | -€2,711 | -91.4% |
| Trade receivables | 40 | €2,966 | €255 | -€2,711 | -91.4% |
| Cash at bank and in hand | 54/58 | €3,733 | €7,855 | +€4,122 | +110% |
| Deferred charges and accrued income | 490/1 | - | €314 | +€314 | |
| Total equity and liabilities | 10/49 | €14,132 | €19,924 | +€5,792 | +41.0% |
| Equity | 10/15 | €3,269 | €8,214 | +€4,945 | +151% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €769 | €5,714 | +€4,945 | +643% |
| Distributable reserves | 133 | €769 | €5,714 | +€4,945 | +643% |
| Amounts payable | 17/49 | €10,863 | €11,710 | +€847 | +7.8% |
| Amounts payable within one year | 42/48 | €10,663 | €11,510 | +€847 | +7.9% |
| Trade debts | 44 | €455 | €231 | -€224 | -49.2% |
| Suppliers | 440/4 | €455 | €231 | -€224 | -49.2% |
| Taxes, remuneration and social security | 45 | €2,833 | €3,743 | +€910 | +32.1% |
| Taxes | 450/3 | €1,833 | €3,743 | +€1,910 | +104% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €7,375 | €7,536 | +€161 | +2.2% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,589 | €3,231 | +€642 | +24.8% |
| Other operating charges | 640/8 | €545 | €186 | -€359 | -65.9% |
| Gross operating margin | 9900 | €3,998 | €11,593 | +€7,595 | +190% |
| Operating profit (loss) | 9901 | €864 | €8,176 | +€7,312 | +846% |
| Financial income | 75/76B | €97 | €96 | -€1 | -0.5% |
| Recurring financial income | 75 | €97 | €96 | -€1 | -0.5% |
| Financial charges | 65/66B | €103 | €174 | +€71 | +68.8% |
| Recurring financial charges | 65 | €103 | €174 | +€71 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €858 | €8,099 | +€7,241 | +844% |
| Income taxes | 67/77 | €89 | €1,488 | +€1,399 | +1,571% |
| Profit (loss) for the period | 9904 | €769 | €6,611 | +€5,842 | +759% |
| Profit (loss) for the period to be appropriated | 9905 | €769 | €6,611 | +€5,842 | +759% |
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 17 October 2026 via checked.be.