VAN D'HELSEN IMMO: 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.
VAN D'HELSEN IMMO
Largest movements
- Tangible fixed assets +€384,688
up €384,688 (+24.8%), from €1.6m to €1.9m
of which Land and buildings: +€270,407
- Receivables within one year -€45,019
down €45,019 (-34.6%), from €130,160 to €85,141
of which Trade receivables: -€67,419
- Cash +€41,630
up €41,630 (+80.0%), from €52,029 to €93,659
mainly Debts after one year (+€284,627) and Net result for the year (+€121,784)
- Debts after one year +€284,627
up €284,627 (+26.6%), from €1.1m to €1.4m
- Reserves +€121,784
up €121,784 (+42.6%), from €285,902 to €407,686
- Other debts -€66,863
down €66,863 (-24.4%), from €273,908 to €207,045
- Gross operating margin +€29,959
up €29,959 (+9.2%), from €324,186 to €354,145
- Depreciation -€14,742
down €14,742 (-17.7%), from €83,155 to €68,413
- Financial charges +€14,368
up €14,368 (+27.6%), from €52,051 to €66,419
- Staff costs -€5,886
down €5,886 (-10.2%), from €57,853 to €51,967
- Taxes -€3,912
down €3,912 (-9.2%), from €42,683 to €38,771
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 | €1,739,470 | €2,121,908 | +€382,438 | +22.0% |
| Fixed assets | 21/28 | €1,554,247 | €1,938,935 | +€384,688 | +24.8% |
| Tangible fixed assets | 22/27 | €1,554,247 | €1,938,935 | +€384,688 | +24.8% |
| Land and buildings | 22 | €1,538,480 | €1,808,887 | +€270,407 | +17.6% |
| Plant, machinery and equipment | 23 | €1,326 | €12,151 | +€10,825 | +816% |
| Furniture and vehicles | 24 | €7,686 | €14,317 | +€6,631 | +86.3% |
| Other tangible fixed assets | 26 | €6,755 | €103,580 | +€96,825 | +1,433% |
| Current assets | 29/58 | €185,223 | €182,973 | -€2,250 | -1.2% |
| Amounts receivable within one year | 40/41 | €130,160 | €85,141 | -€45,019 | -34.6% |
| Trade receivables | 40 | €102,560 | €35,141 | -€67,419 | -65.7% |
| Other amounts receivable | 41 | €27,600 | €50,000 | +€22,400 | +81.2% |
| Cash at bank and in hand | 54/58 | €52,029 | €93,659 | +€41,630 | +80.0% |
| Deferred charges and accrued income | 490/1 | €3,034 | €4,173 | +€1,139 | +37.5% |
| Total equity and liabilities | 10/49 | €1,739,470 | €2,121,908 | +€382,438 | +22.0% |
| Equity | 10/15 | €285,902 | €407,686 | +€121,784 | +42.6% |
| Reserves | 13 | €285,902 | €407,686 | +€121,784 | +42.6% |
| Distributable reserves | 133 | €285,902 | €407,686 | +€121,784 | +42.6% |
| Amounts payable | 17/49 | €1,453,568 | €1,714,222 | +€260,654 | +17.9% |
| Amounts payable after more than one year | 17 | €1,068,333 | €1,352,960 | +€284,627 | +26.6% |
| Financial debts | 170/4 | €1,068,333 | €1,352,960 | +€284,627 | +26.6% |
| Amounts payable within one year | 42/48 | €385,235 | €361,262 | -€23,973 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €44,035 | €64,086 | +€20,051 | +45.5% |
| Trade debts | 44 | €25,846 | €40,943 | +€15,097 | +58.4% |
| Suppliers | 440/4 | €25,846 | €40,943 | +€15,097 | +58.4% |
| Taxes, remuneration and social security | 45 | €41,446 | €49,188 | +€7,742 | +18.7% |
| Taxes | 450/3 | €29,968 | €41,099 | +€11,131 | +37.1% |
| Remuneration and social security | 454/9 | €11,478 | €8,089 | -€3,389 | -29.5% |
| Other amounts payable | 47/48 | €273,908 | €207,045 | -€66,863 | -24.4% |
| Non-recurring operating income | 76A | €1,150 | - | -€1,150 | |
| Remuneration, social security and pensions | 62 | €57,853 | €51,967 | -€5,886 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,155 | €68,413 | -€14,742 | -17.7% |
| Other operating charges | 640/8 | €3,524 | €6,812 | +€3,288 | +93.3% |
| Gross operating margin | 9900 | €324,186 | €354,145 | +€29,959 | +9.2% |
| Operating profit (loss) | 9901 | €179,654 | €226,953 | +€47,299 | +26.3% |
| Financial income | 75/76B | €956 | €21 | -€935 | -97.8% |
| Recurring financial income | 75 | €956 | €21 | -€935 | -97.8% |
| Financial charges | 65/66B | €52,051 | €66,419 | +€14,368 | +27.6% |
| Recurring financial charges | 65 | €52,051 | €66,419 | +€14,368 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €128,559 | €160,555 | +€31,996 | +24.9% |
| Income taxes | 67/77 | €42,683 | €38,771 | -€3,912 | -9.2% |
| Profit (loss) for the period | 9904 | €85,876 | €121,784 | +€35,908 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,876 | €121,784 | +€35,908 | +41.8% |
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 22 October 2026 via checked.be.