VHELMO: 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.
VHELMO
Largest movements
- Cash +€22,188
up €22,188 (+132%), from €16,863 to €39,051
mainly Net result for the year (+€16,672) and Tax, wage and social debts (+€5,690)
- Reserves +€16,750
up €16,750 (+152%), from €11,000 to €27,750
- Tax, wage and social debts +€5,690
up €5,690 (+66.3%), from €8,588 to €14,279
of which Taxes: +€5,690
- Trade debts -€979
down €979 (-79.5%), from €1,231 to €252
- Other debts +€735
new in 2025: €735
- Gross operating margin +€7,712
up €7,712 (+53.5%), from €14,426 to €22,138
- Taxes +€2,223
up €2,223 (+72.3%), from €3,075 to €5,298
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 | €24,105 | €46,223 | +€22,119 | +91.8% |
| Current assets | 29/58 | €24,105 | €46,223 | +€22,119 | +91.8% |
| Amounts receivable within one year | 40/41 | €7,242 | €6,988 | -€254 | -3.5% |
| Trade receivables | 40 | €6,988 | €6,988 | = | 0.0% |
| Other amounts receivable | 41 | €254 | - | -€254 | |
| Cash at bank and in hand | 54/58 | €16,863 | €39,051 | +€22,188 | +132% |
| Deferred charges and accrued income | 490/1 | - | €184 | +€184 | |
| Total equity and liabilities | 10/49 | €24,105 | €46,223 | +€22,119 | +91.8% |
| Equity | 10/15 | €14,286 | €30,958 | +€16,672 | +117% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €27,750 | +€16,750 | +152% |
| Distributable reserves | 133 | €11,000 | €27,750 | +€16,750 | +152% |
| Profit (loss) carried forward | 14 | €286 | €208 | -€78 | -27.4% |
| Amounts payable | 17/49 | €9,819 | €15,266 | +€5,447 | +55.5% |
| Amounts payable within one year | 42/48 | €9,819 | €15,266 | +€5,447 | +55.5% |
| Trade debts | 44 | €1,231 | €252 | -€979 | -79.5% |
| Suppliers | 440/4 | €1,231 | €252 | -€979 | -79.5% |
| Taxes, remuneration and social security | 45 | €8,588 | €14,279 | +€5,690 | +66.3% |
| Taxes | 450/3 | €7,088 | €12,779 | +€5,690 | +80.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €735 | +€735 | |
| Other operating charges | 640/8 | €50 | €128 | +€78 | +155% |
| Gross operating margin | 9900 | €14,426 | €22,138 | +€7,712 | +53.5% |
| Operating profit (loss) | 9901 | €14,376 | €22,010 | +€7,635 | +53.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.0% |
| Financial charges | 65/66B | €19 | €40 | +€22 | +115% |
| Recurring financial charges | 65 | €19 | €40 | +€22 | +115% |
| Profit (loss) for the period before taxes | 9903 | €14,361 | €21,970 | +€7,609 | +53.0% |
| Income taxes | 67/77 | €3,075 | €5,298 | +€2,223 | +72.3% |
| Profit (loss) for the period | 9904 | €11,286 | €16,672 | +€5,386 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,286 | €16,672 | +€5,386 | +47.7% |
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 27 October 2026 via checked.be.