Philip Van d'helsen: what changed
Philip Van d'helsen
Largest movements
- Tangible fixed assets +€38,323
up €38,323 (+878%), from €4,364 to €42,687
of which Furniture and vehicles: +€37,779
- Cash -€28,451
no longer reported in 2025 (was €28,451)
mainly Investment in fixed assets (net) (-€40,595) and Current investments (-€16,212)
- Current investments +€16,212
new in 2025: €16,212
- Deferred charges and accrued income -€6,629
down €6,629 (-89.5%), from €7,404 to €775
- Receivables within one year +€3,672
up €3,672 (+58.0%), from €6,327 to €9,999
of which Trade receivables: +€2,243
- Profit (loss) carried forward +€11,068
up €11,068, from -€7,938 to €3,129
- Debts after one year +€6,803
new in 2025: €6,803
- Current portion of long-term debt +€3,197
new in 2025: €3,197
- Other debts +€1,513
up €1,513 (+9.6%), from €15,740 to €17,252
- Gross operating margin +€19,589
up €19,589, from -€3,510 to €16,079
- Taxes +€2,422
new in 2025: €2,422
- Depreciation +€682
up €682 (+42.9%), from €1,590 to €2,272
- Other operating charges +€336
up €336 (+52.1%), from €645 to €981
- Financial charges -€308
down €308, from €51 to -€257
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,546 | €69,672 | +€23,126 | +49.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €4,364 | €42,687 | +€38,323 | +878% |
| Tangible fixed assets | 22/27 | €4,364 | €42,687 | +€38,323 | +878% |
| Plant, machinery and equipment | 23 | €679 | €1,907 | +€1,228 | +181% |
| Furniture and vehicles | 24 | €1,097 | €38,877 | +€37,779 | +3,443% |
| Other tangible fixed assets | 26 | €2,587 | €1,903 | -€684 | -26.4% |
| Current assets | 29/58 | €42,182 | €26,985 | -€15,197 | -36.0% |
| Amounts receivable within one year | 40/41 | €6,327 | €9,999 | +€3,672 | +58.0% |
| Trade receivables | 40 | €4,770 | €7,013 | +€2,243 | +47.0% |
| Other amounts receivable | 41 | €1,557 | €2,986 | +€1,428 | +91.7% |
| Current investments | 50/53 | - | €16,212 | +€16,212 | |
| Cash at bank and in hand | 54/58 | €28,451 | - | -€28,451 | |
| Deferred charges and accrued income | 490/1 | €7,404 | €775 | -€6,629 | -89.5% |
| Total equity and liabilities | 10/49 | €46,546 | €69,672 | +€23,126 | +49.7% |
| Equity | 10/15 | €24,748 | €35,816 | +€11,068 | +44.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,700 | €1,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81 | €81 | = | 0.0% |
| Reserves not available under the articles | 1311 | €81 | €81 | = | 0.0% |
| Tax-exempt reserves | 132 | €84 | €84 | = | 0.0% |
| Distributable reserves | 133 | €1,535 | €1,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,938 | €3,129 | +€11,068 | |
| Amounts payable | 17/49 | €21,798 | €33,856 | +€12,058 | +55.3% |
| Amounts payable after more than one year | 17 | - | €6,803 | +€6,803 | |
| Financial debts | 170/4 | - | €6,803 | +€6,803 | |
| Amounts payable within one year | 42/48 | €20,948 | €26,176 | +€5,228 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,197 | +€3,197 | |
| Trade debts | 44 | €5,208 | €5,261 | +€53 | +1.0% |
| Suppliers | 440/4 | €5,208 | €5,261 | +€53 | +1.0% |
| Taxes, remuneration and social security | 45 | - | €465 | +€465 | |
| Taxes | 450/3 | - | €465 | +€465 | |
| Other amounts payable | 47/48 | €15,740 | €17,252 | +€1,513 | +9.6% |
| Accrued charges and deferred income | 492/3 | €850 | €878 | +€28 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,590 | €2,272 | +€682 | +42.9% |
| Other operating charges | 640/8 | €645 | €981 | +€336 | +52.1% |
| Gross operating margin | 9900 | -€3,510 | €16,079 | +€19,589 | |
| Operating profit (loss) | 9901 | -€5,746 | €12,825 | +€18,571 | |
| Financial income | 75/76B | €203 | €408 | +€205 | +101% |
| Recurring financial income | 75 | €203 | €408 | +€205 | +101% |
| Financial charges | 65/66B | €51 | -€257 | -€308 | |
| Recurring financial charges | 65 | €51 | -€257 | -€308 | |
| Profit (loss) for the period before taxes | 9903 | -€5,594 | €13,490 | +€19,084 | |
| Income taxes | 67/77 | - | €2,422 | +€2,422 | |
| Profit (loss) for the period | 9904 | -€5,594 | €11,068 | +€16,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,594 | €11,068 | +€16,662 |
Next steps
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 7 November 2026 via checked.be.