Hellinckx Projects: 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.
Hellinckx Projects
Largest movements
- Cash +€7,006
up €7,006 (+24.9%), from €28,119 to €35,124
mainly Net result for the year (+€6,594) and Depreciation (+€2,865)
- Receivables within one year +€3,142
up €3,142 (+105%), from €2,980 to €6,121
of which Other amounts receivable: +€3,142
- Tangible fixed assets -€2,777
down €2,777 (-23.4%), from €11,877 to €9,101
- Reserves +€6,594
up €6,594 (+19.0%), from €34,672 to €41,266
- Trade debts +€726
up €726 (+236%), from €308 to €1,035
- Gross operating margin -€6,064
down €6,064 (-29.0%), from €20,882 to €14,818
- Depreciation -€3,158
down €3,158 (-52.4%), from €6,023 to €2,865
- Other operating charges -€281
down €281 (-26.7%), from €1,055 to €774
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 | €45,735 | €52,861 | +€7,126 | +15.6% |
| Fixed assets | 21/28 | €12,477 | €9,701 | -€2,777 | -22.3% |
| Tangible fixed assets | 22/27 | €11,877 | €9,101 | -€2,777 | -23.4% |
| Furniture and vehicles | 24 | €11,877 | €9,101 | -€2,777 | -23.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €33,257 | €43,160 | +€9,903 | +29.8% |
| Amounts receivable within one year | 40/41 | €2,980 | €6,121 | +€3,142 | +105% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,980 | €6,121 | +€3,142 | +105% |
| Cash at bank and in hand | 54/58 | €28,119 | €35,124 | +€7,006 | +24.9% |
| Deferred charges and accrued income | 490/1 | €2,159 | €1,915 | -€244 | -11.3% |
| Total equity and liabilities | 10/49 | €45,735 | €52,861 | +€7,126 | +15.6% |
| Equity | 10/15 | €37,172 | €43,766 | +€6,594 | +17.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,672 | €41,266 | +€6,594 | +19.0% |
| Distributable reserves | 133 | €34,672 | €41,266 | +€6,594 | +19.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,563 | €9,095 | +€532 | +6.2% |
| Amounts payable within one year | 42/48 | €8,563 | €9,095 | +€532 | +6.2% |
| Trade debts | 44 | €308 | €1,035 | +€726 | +236% |
| Suppliers | 440/4 | €308 | €1,035 | +€726 | +236% |
| Taxes, remuneration and social security | 45 | €6,736 | €6,612 | -€124 | -1.8% |
| Taxes | 450/3 | €6,736 | €6,612 | -€124 | -1.8% |
| Other amounts payable | 47/48 | €1,518 | €1,448 | -€70 | -4.6% |
| Non-recurring operating income | 76A | - | €1,574 | +€1,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,023 | €2,865 | -€3,158 | -52.4% |
| Other operating charges | 640/8 | €1,055 | €774 | -€281 | -26.7% |
| Gross operating margin | 9900 | €20,882 | €14,818 | -€6,064 | -29.0% |
| Operating profit (loss) | 9901 | €13,804 | €11,179 | -€2,625 | -19.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +21.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +21.1% |
| Financial charges | 65/66B | €224 | €227 | +€4 | +1.6% |
| Recurring financial charges | 65 | €224 | €227 | +€4 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €13,581 | €10,952 | -€2,628 | -19.4% |
| Income taxes | 67/77 | €4,520 | €4,358 | -€162 | -3.6% |
| Profit (loss) for the period | 9904 | €9,060 | €6,594 | -€2,467 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,060 | €6,594 | -€2,467 | -27.2% |
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.