van Helvert: 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 Helvert
Largest movements
- Receivables within one year +€39,387
up €39,387 (+141%), from €27,986 to €67,373
of which Other amounts receivable: +€37,250
- Cash -€37,364
down €37,364 (-58.9%), from €63,411 to €26,047
mainly Receivables within one year (-€39,387) and Tax, wage and social debts (-€13,954)
- Current investments +€4,391
new in 2025: €4,391
- Tangible fixed assets +€1,913
up €1,913 (+54.6%), from €3,503 to €5,416
of which Furniture and vehicles: +€2,531
- Reserves +€21,464
up €21,464 (+31.4%), from €68,382 to €89,847
- Tax, wage and social debts -€13,954
down €13,954 (-55.7%), from €25,062 to €11,107
of which Taxes: -€15,904
- Staff costs +€33,080
new in 2025: €33,080
- Gross operating margin -€26,429
down €26,429 (-29.3%), from €90,195 to €63,766
- Taxes -€11,241
down €11,241 (-65.8%), from €17,091 to €5,850
- Depreciation -€1,376
down €1,376 (-44.4%), from €3,096 to €1,720
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 | €96,444 | €104,384 | +€7,940 | +8.2% |
| Fixed assets | 21/28 | €3,503 | €5,416 | +€1,913 | +54.6% |
| Tangible fixed assets | 22/27 | €3,503 | €5,416 | +€1,913 | +54.6% |
| Plant, machinery and equipment | 23 | €2,519 | €1,901 | -€618 | -24.5% |
| Furniture and vehicles | 24 | €984 | €3,515 | +€2,531 | +257% |
| Current assets | 29/58 | €92,941 | €98,968 | +€6,027 | +6.5% |
| Amounts receivable within one year | 40/41 | €27,986 | €67,373 | +€39,387 | +141% |
| Trade receivables | 40 | €13,033 | €15,170 | +€2,137 | +16.4% |
| Other amounts receivable | 41 | €14,953 | €52,203 | +€37,250 | +249% |
| Current investments | 50/53 | - | €4,391 | +€4,391 | |
| Cash at bank and in hand | 54/58 | €63,411 | €26,047 | -€37,364 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,544 | €1,157 | -€387 | -25.1% |
| Total equity and liabilities | 10/49 | €96,444 | €104,384 | +€7,940 | +8.2% |
| Equity | 10/15 | €71,382 | €92,847 | +€21,464 | +30.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,382 | €89,847 | +€21,464 | +31.4% |
| Distributable reserves | 133 | €68,382 | €89,847 | +€21,464 | +31.4% |
| Amounts payable | 17/49 | €25,062 | €11,537 | -€13,524 | -54.0% |
| Amounts payable within one year | 42/48 | €25,062 | €11,537 | -€13,524 | -54.0% |
| Trade debts | 44 | - | €430 | +€430 | |
| Suppliers | 440/4 | - | €430 | +€430 | |
| Taxes, remuneration and social security | 45 | €25,062 | €11,107 | -€13,954 | -55.7% |
| Taxes | 450/3 | €25,062 | €9,157 | -€15,904 | -63.5% |
| Remuneration and social security | 454/9 | - | €1,950 | +€1,950 | |
| Remuneration, social security and pensions | 62 | - | €33,080 | +€33,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,096 | €1,720 | -€1,376 | -44.4% |
| Other operating charges | 640/8 | €62 | €362 | +€300 | +484% |
| Gross operating margin | 9900 | €90,195 | €63,766 | -€26,429 | -29.3% |
| Operating profit (loss) | 9901 | €87,037 | €28,604 | -€58,433 | -67.1% |
| Financial income | 75/76B | €1,731 | €1,800 | +€69 | +4.0% |
| Recurring financial income | 75 | €1,731 | €1,800 | +€69 | +4.0% |
| Financial charges | 65/66B | €3,294 | €3,090 | -€205 | -6.2% |
| Recurring financial charges | 65 | €3,294 | €3,090 | -€205 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €85,474 | €27,314 | -€58,159 | -68.0% |
| Income taxes | 67/77 | €17,091 | €5,850 | -€11,241 | -65.8% |
| Profit (loss) for the period | 9904 | €68,382 | €21,464 | -€46,918 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,382 | €21,464 | -€46,918 | -68.6% |
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 25 October 2026 via checked.be.