YHELLON: 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.
YHELLON
Largest movements
- Tangible fixed assets +€75,982
up €75,982 (+974.7%), from €7,796 to €83,778
of which Furniture and vehicles: +€75,866
- Cash -€17,350
down €17,350 (-10.7%), from €162,070 to €144,721
mainly Investment in fixed assets (net) (-€90,736) and Tax, wage and social debts (-€27,739)
- Reserves +€84,419
up €84,419 (+33.8%), from €249,514 to €333,933
- Debts after one year +€30,003
up €30,003, from €0 to €30,003
- Tax, wage and social debts -€27,739
down €27,739 (-65.4%), from €42,420 to €14,681
of which Taxes: -€27,739
- Current portion of long-term debt -€25,124
down €25,124 (-76.9%), from €32,665 to €7,542
- Gross operating margin -€16,366
down €16,366 (-11.2%), from €146,385 to €130,019
- Depreciation +€12,985
up €12,985 (+733.9%), from €1,769 to €14,754
- Taxes -€7,922
down €7,922 (-21.6%), from €36,678 to €28,756
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.
Cash bridge derived
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 | €427,732 | €489,493 | +€61,761 | +14.4% |
| Fixed assets | 21/28 | €238,837 | €314,819 | +€75,982 | +31.8% |
| Tangible fixed assets | 22/27 | €7,796 | €83,778 | +€75,982 | +974.7% |
| Plant, machinery and equipment | 23 | €7,796 | €7,912 | +€117 | +1.5% |
| Furniture and vehicles | 24 | - | €75,866 | +€75,866 | |
| Financial fixed assets | 28 | €231,041 | €231,041 | = | 0.0% |
| Current assets | 29/58 | €188,895 | €174,673 | -€14,221 | -7.5% |
| Amounts receivable within one year | 40/41 | €25,994 | €28,714 | +€2,720 | +10.5% |
| Trade receivables | 40 | €14,532 | €17,470 | +€2,937 | +20.2% |
| Other amounts receivable | 41 | €11,462 | €11,244 | -€218 | -1.9% |
| Cash at bank and in hand | 54/58 | €162,070 | €144,721 | -€17,350 | -10.7% |
| Deferred charges and accrued income | 490/1 | €830 | €1,239 | +€408 | +49.2% |
| Total equity and liabilities | 10/49 | €427,732 | €489,493 | +€61,761 | +14.4% |
| Equity | 10/15 | €254,514 | €338,933 | +€84,419 | +33.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €249,514 | €333,933 | +€84,419 | +33.8% |
| Distributable reserves | 133 | €249,514 | €333,933 | +€84,419 | +33.8% |
| Amounts payable | 17/49 | €173,218 | €150,560 | -€22,658 | -13.1% |
| Amounts payable after more than one year | 17 | €0 | €30,003 | +€30,003 | |
| Financial debts | 170/4 | €0 | €30,003 | +€30,003 | |
| Amounts payable within one year | 42/48 | €173,218 | €120,556 | -€52,661 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €32,665 | €7,542 | -€25,124 | -76.9% |
| Trade debts | 44 | €1,092 | €1,049 | -€44 | -4.0% |
| Suppliers | 440/4 | €1,092 | €1,049 | -€44 | -4.0% |
| Taxes, remuneration and social security | 45 | €42,420 | €14,681 | -€27,739 | -65.4% |
| Taxes | 450/3 | €40,670 | €12,931 | -€27,739 | -68.2% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €97,039 | €97,285 | +€246 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €14,754 | +€12,985 | +733.9% |
| Other operating charges | 640/8 | €529 | €235 | -€294 | -55.6% |
| Gross operating margin | 9900 | €146,385 | €130,019 | -€16,366 | -11.2% |
| Operating profit (loss) | 9901 | €144,086 | €115,030 | -€29,056 | -20.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,838 | €1,855 | +€17 | +0.9% |
| Recurring financial charges | 65 | €1,838 | €1,855 | +€17 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €142,248 | €113,174 | -€29,073 | -20.4% |
| Income taxes | 67/77 | €36,678 | €28,756 | -€7,922 | -21.6% |
| Profit (loss) for the period | 9904 | €105,570 | €84,419 | -€21,151 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,570 | €84,419 | -€21,151 | -20.0% |
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 11 October 2026 via checked.be.