't Hellegat: 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.
't Hellegat
Largest movements
- Tangible fixed assets +€270,850
up €270,850 (+216%), from €125,385 to €396,235
of which Other tangible fixed assets: +€211,760
- Receivables within one year +€33,795
up €33,795 (+430%), from €7,866 to €41,661
of which Other amounts receivable: +€31,670
- Cash -€21,217
down €21,217 (-9.5%), from €224,337 to €203,120
mainly Investment in fixed assets (net) (-€314,194) and Receivables within one year (-€33,795)
- Stocks and contracts +€11,645
up €11,645 (+61.6%), from €18,890 to €30,534
- Debts after one year +€203,562
up €203,562 (+244%), from €83,570 to €287,132
- Current portion of long-term debt +€39,225
up €39,225 (+692%), from €5,666 to €44,890
- Reserves +€29,330
up €29,330 (+14.5%), from €201,612 to €230,942
- Trade debts +€9,784
up €9,784 (+21.1%), from €46,395 to €56,179
- Other debts +€9,171
up €9,171 (+573%), from €1,602 to €10,772
- Staff costs +€29,343
up €29,343 (+28.7%), from €102,246 to €131,589
- Depreciation +€21,336
up €21,336 (+97.0%), from €22,007 to €43,344
- Gross operating margin +€13,302
up €13,302 (+6.4%), from €209,452 to €222,754
- Taxes -€12,397
down €12,397 (-81.7%), from €15,165 to €2,768
- Financial charges +€8,469
up €8,469 (+209%), from €4,058 to €12,527
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 | €380,107 | €676,206 | +€296,099 | +77.9% |
| Fixed assets | 21/28 | €125,386 | €396,235 | +€270,850 | +216% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -25.6% |
| Tangible fixed assets | 22/27 | €125,385 | €396,235 | +€270,850 | +216% |
| Plant, machinery and equipment | 23 | €23,511 | €73,401 | +€49,890 | +212% |
| Furniture and vehicles | 24 | €6,823 | €16,023 | +€9,200 | +135% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €95,051 | €306,811 | +€211,760 | +223% |
| Current assets | 29/58 | €254,721 | €279,971 | +€25,249 | +9.9% |
| Stocks and contracts in progress | 3 | €18,890 | €30,534 | +€11,645 | +61.6% |
| Stocks | 30/36 | €18,890 | €30,534 | +€11,645 | +61.6% |
| Amounts receivable within one year | 40/41 | €7,866 | €41,661 | +€33,795 | +430% |
| Trade receivables | 40 | €0 | €2,125 | +€2,125 | |
| Other amounts receivable | 41 | €7,866 | €39,536 | +€31,670 | +403% |
| Cash at bank and in hand | 54/58 | €224,337 | €203,120 | -€21,217 | -9.5% |
| Deferred charges and accrued income | 490/1 | €3,629 | €4,656 | +€1,027 | +28.3% |
| Total equity and liabilities | 10/49 | €380,107 | €676,206 | +€296,099 | +77.9% |
| Equity | 10/15 | €220,162 | €249,492 | +€29,330 | +13.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €201,612 | €230,942 | +€29,330 | +14.5% |
| Distributable reserves | 133 | €201,612 | €230,942 | +€29,330 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €159,945 | €426,714 | +€266,769 | +167% |
| Amounts payable after more than one year | 17 | €83,570 | €287,132 | +€203,562 | +244% |
| Financial debts | 170/4 | €83,570 | €287,132 | +€203,562 | +244% |
| Amounts payable within one year | 42/48 | €76,375 | €139,582 | +€63,207 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €5,666 | €44,890 | +€39,225 | +692% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,395 | €56,179 | +€9,784 | +21.1% |
| Suppliers | 440/4 | €46,395 | €56,179 | +€9,784 | +21.1% |
| Advances received on contracts in progress | 46 | €10,146 | €13,144 | +€2,997 | +29.5% |
| Taxes, remuneration and social security | 45 | €12,566 | €14,596 | +€2,030 | +16.2% |
| Taxes | 450/3 | €0 | €469 | +€469 | |
| Remuneration and social security | 454/9 | €12,566 | €14,127 | +€1,561 | +12.4% |
| Other amounts payable | 47/48 | €1,602 | €10,772 | +€9,171 | +573% |
| Remuneration, social security and pensions | 62 | €102,246 | €131,589 | +€29,343 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,007 | €43,344 | +€21,336 | +97.0% |
| Other operating charges | 640/8 | €2,733 | €3,043 | +€309 | +11.3% |
| Non-recurring operating charges | 66A | €227 | €159 | -€68 | -30.0% |
| Gross operating margin | 9900 | €209,452 | €222,754 | +€13,302 | +6.4% |
| Operating profit (loss) | 9901 | €82,239 | €44,621 | -€37,618 | -45.7% |
| Financial income | 75/76B | €7 | €4 | -€2 | -33.9% |
| Recurring financial income | 75 | €7 | €4 | -€2 | -33.9% |
| Financial charges | 65/66B | €4,058 | €12,527 | +€8,469 | +209% |
| Recurring financial charges | 65 | €4,058 | €12,527 | +€8,469 | +209% |
| Profit (loss) for the period before taxes | 9903 | €78,188 | €32,098 | -€46,090 | -58.9% |
| Income taxes | 67/77 | €15,165 | €2,768 | -€12,397 | -81.7% |
| Profit (loss) for the period | 9904 | €63,023 | €29,330 | -€33,693 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,023 | €29,330 | -€33,693 | -53.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.