VANHELMONT ELECTRICS: 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.
VANHELMONT ELECTRICS
Largest movements
- Cash +€44,808
up €44,808 (+416%), from €10,773 to €55,581
mainly Other debts (+€158,195) and Net result for the year (+€42,573)
- Receivables within one year +€19,762
up €19,762 (+16.9%), from €116,632 to €136,394
of which Trade receivables: +€21,860
- Tangible fixed assets +€4,523
up €4,523 (+10.4%), from €43,611 to €48,134
of which Furniture and vehicles: +€4,639
- Other debts +€158,195
up €158,195 (+228%), from €69,298 to €227,493
- Reserves -€113,117
down €113,117 (-100%), from €113,117 to €0
- Tax, wage and social debts +€14,376
up €14,376 (+78.8%), from €18,251 to €32,628
of which Taxes: +€14,376
- Trade debts +€9,573
up €9,573 (+48.1%), from €19,916 to €29,488
- Gross operating margin -€14,638
down €14,638 (-16.5%), from €88,714 to €74,076
- Depreciation +€4,786
up €4,786 (+41.5%), from €11,518 to €16,304
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 | €222,582 | €291,609 | +€69,027 | +31.0% |
| Fixed assets | 21/28 | €43,677 | €48,134 | +€4,458 | +10.2% |
| Intangible fixed assets | 21 | €65 | €0 | -€65 | -100% |
| Tangible fixed assets | 22/27 | €43,611 | €48,134 | +€4,523 | +10.4% |
| Plant, machinery and equipment | 23 | €3,225 | €3,767 | +€543 | +16.8% |
| Furniture and vehicles | 24 | €39,455 | €44,094 | +€4,639 | +11.8% |
| Other tangible fixed assets | 26 | €932 | €273 | -€658 | -70.7% |
| Current assets | 29/58 | €178,905 | €243,475 | +€64,570 | +36.1% |
| Stocks and contracts in progress | 3 | €51,500 | €51,500 | = | 0.0% |
| Stocks | 30/36 | €51,500 | €51,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,632 | €136,394 | +€19,762 | +16.9% |
| Trade receivables | 40 | €113,188 | €135,048 | +€21,860 | +19.3% |
| Other amounts receivable | 41 | €3,444 | €1,346 | -€2,097 | -60.9% |
| Cash at bank and in hand | 54/58 | €10,773 | €55,581 | +€44,808 | +416% |
| Total equity and liabilities | 10/49 | €222,582 | €291,609 | +€69,027 | +31.0% |
| Equity | 10/15 | €115,117 | €2,000 | -€113,117 | -98.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €113,117 | €0 | -€113,117 | -100% |
| Distributable reserves | 133 | €113,117 | €0 | -€113,117 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €107,465 | €289,609 | +€182,144 | +169% |
| Amounts payable within one year | 42/48 | €107,465 | €289,609 | +€182,144 | +169% |
| Trade debts | 44 | €19,916 | €29,488 | +€9,573 | +48.1% |
| Suppliers | 440/4 | €19,916 | €29,488 | +€9,573 | +48.1% |
| Taxes, remuneration and social security | 45 | €18,251 | €32,628 | +€14,376 | +78.8% |
| Taxes | 450/3 | €16,401 | €30,778 | +€14,376 | +87.7% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €69,298 | €227,493 | +€158,195 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,518 | €16,304 | +€4,786 | +41.5% |
| Other operating charges | 640/8 | €1,210 | €947 | -€263 | -21.8% |
| Gross operating margin | 9900 | €88,714 | €74,076 | -€14,638 | -16.5% |
| Operating profit (loss) | 9901 | €75,986 | €56,825 | -€19,161 | -25.2% |
| Financial income | 75/76B | €159 | €390 | +€230 | +145% |
| Recurring financial income | 75 | €159 | €390 | +€230 | +145% |
| Financial charges | 65/66B | €168 | €265 | +€97 | +57.9% |
| Recurring financial charges | 65 | €168 | €265 | +€97 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €75,977 | €56,949 | -€19,028 | -25.0% |
| Income taxes | 67/77 | €15,201 | €14,376 | -€825 | -5.4% |
| Profit (loss) for the period | 9904 | €60,776 | €42,573 | -€18,203 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,776 | €42,573 | -€18,203 | -30.0% |
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 14 October 2026 via checked.be.