VANHELLEMONT: 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.
VANHELLEMONT
Largest movements
- Tangible fixed assets +€60,933
up €60,933 (+127%), from €47,891 to €108,825
of which Plant, machinery and equipment: +€64,093
- Stocks and contracts +€8,775
up €8,775 (+338%), from €2,600 to €11,375
- Receivables within one year -€3,988
down €3,988 (-2.8%), from €143,717 to €139,729
of which Trade receivables: -€3,971
- Debts after one year +€50,769
up €50,769 (+42.2%), from €120,444 to €171,213
- Profit (loss) carried forward +€23,671
up €23,671 (+20.6%), from -€114,945 to -€91,274
- Short-term financial debts -€23,014
down €23,014 (-100%), from €23,014 to €0
- Other debts +€8,394
up €8,394 (+24.2%), from €34,651 to €43,046
- Trade debts +€6,688
up €6,688 (+51.2%), from €13,050 to €19,738
- Gross operating margin -€33,640
down €33,640 (-13.4%), from €250,423 to €216,783
- Staff costs +€26,390
up €26,390 (+17.1%), from €154,039 to €180,429
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 | €199,869 | €267,612 | +€67,742 | +33.9% |
| Fixed assets | 21/28 | €49,079 | €111,513 | +€62,433 | +127% |
| Tangible fixed assets | 22/27 | €47,891 | €108,825 | +€60,933 | +127% |
| Land and buildings | 22 | €42,806 | €39,647 | -€3,160 | -7.4% |
| Plant, machinery and equipment | 23 | €3,783 | €67,876 | +€64,093 | +1,694% |
| Furniture and vehicles | 24 | €1,302 | €1,302 | = | 0.0% |
| Financial fixed assets | 28 | €1,188 | €2,688 | +€1,500 | +126% |
| Current assets | 29/58 | €150,790 | €156,099 | +€5,309 | +3.5% |
| Stocks and contracts in progress | 3 | €2,600 | €11,375 | +€8,775 | +338% |
| Stocks | 30/36 | €2,600 | €11,375 | +€8,775 | +338% |
| Amounts receivable within one year | 40/41 | €143,717 | €139,729 | -€3,988 | -2.8% |
| Trade receivables | 40 | €143,302 | €139,331 | -€3,971 | -2.8% |
| Other amounts receivable | 41 | €415 | €398 | -€17 | -4.2% |
| Cash at bank and in hand | 54/58 | €52 | €778 | +€726 | +1,395% |
| Deferred charges and accrued income | 490/1 | €4,421 | €4,217 | -€204 | -4.6% |
| Total equity and liabilities | 10/49 | €199,869 | €267,612 | +€67,742 | +33.9% |
| Equity | 10/15 | -€26,353 | -€2,682 | +€23,671 | +89.8% |
| Contributions | 10/11 | €88,592 | €88,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,945 | -€91,274 | +€23,671 | +20.6% |
| Amounts payable | 17/49 | €226,222 | €270,294 | +€44,072 | +19.5% |
| Amounts payable after more than one year | 17 | €120,444 | €171,213 | +€50,769 | +42.2% |
| Financial debts | 170/4 | €120,444 | €171,213 | +€50,769 | +42.2% |
| Amounts payable within one year | 42/48 | €105,778 | €98,918 | -€6,860 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €12,364 | €13,231 | +€867 | +7.0% |
| Financial debts | 43 | €23,014 | €0 | -€23,014 | -100% |
| Credit institutions | 430/8 | €23,014 | €0 | -€23,014 | -100% |
| Trade debts | 44 | €13,050 | €19,738 | +€6,688 | +51.2% |
| Suppliers | 440/4 | €13,050 | €19,738 | +€6,688 | +51.2% |
| Taxes, remuneration and social security | 45 | €22,698 | €22,903 | +€205 | +0.9% |
| Taxes | 450/3 | €15,984 | €10,679 | -€5,305 | -33.2% |
| Remuneration and social security | 454/9 | €6,714 | €12,224 | +€5,510 | +82.1% |
| Other amounts payable | 47/48 | €34,651 | €43,046 | +€8,394 | +24.2% |
| Accrued charges and deferred income | 492/3 | - | €163 | +€163 | |
| Remuneration, social security and pensions | 62 | €154,039 | €180,429 | +€26,390 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,563 | €4,587 | +€2,024 | +79.0% |
| Other operating charges | 640/8 | €1,541 | €1,289 | -€252 | -16.4% |
| Gross operating margin | 9900 | €250,423 | €216,783 | -€33,640 | -13.4% |
| Operating profit (loss) | 9901 | €92,279 | €30,478 | -€61,801 | -67.0% |
| Financial income | 75/76B | €0 | €33 | +€33 | |
| Recurring financial income | 75 | €0 | €33 | +€33 | |
| Financial charges | 65/66B | €4,922 | €6,841 | +€1,919 | +39.0% |
| Recurring financial charges | 65 | €4,922 | €6,841 | +€1,919 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €87,357 | €23,671 | -€63,686 | -72.9% |
| Profit (loss) for the period | 9904 | €87,357 | €23,671 | -€63,686 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,357 | €23,671 | -€63,686 | -72.9% |
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 15 October 2026 via checked.be.