BM HELIOS: 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.
BM HELIOS
Largest movements
- Receivables within one year -€581,680
down €581,680 (-69.6%), from €835,514 to €253,834
of which Trade receivables: -€576,476
- Deferred charges and accrued income -€548,701
down €548,701 (-95.0%), from €577,279 to €28,577
- Stocks and contracts +€274,127
up €274,127 (+12.1%), from €2.3m to €2.5m
- Tangible fixed assets +€71,037
up €71,037 (+158%), from €44,924 to €115,961
of which Furniture and vehicles: +€72,327
- Cash +€49,670
up €49,670 (+141%), from €35,174 to €84,844
mainly Receivables within one year (+€581,680) and Deferred charges and accrued income (+€548,701)
- Trade debts -€519,485
down €519,485 (-48.4%), from €1.1m to €554,402
- Debts after one year -€294,308
down €294,308 (-14.2%), from €2.1m to €1.8m
- Profit (loss) carried forward +€146,900
up €146,900 (+705%), from €20,840 to €167,740
- Tax, wage and social debts +€86,664
up €86,664 (+293%), from €29,561 to €116,225
- Other debts -€74,033
down €74,033 (-18.3%), from €405,183 to €331,150
- Gross operating margin +€164,960
up €164,960 (+69.8%), from €236,386 to €401,346
- Financial charges +€32,976
up €32,976 (+27.8%), from €118,491 to €151,467
of which Financial charges: +€31,743
- Taxes +€27,118
up €27,118 (+91.7%), from €29,561 to €56,679
- Depreciation +€10,154
up €10,154 (+60.4%), from €16,815 to €26,969
- Other operating charges -€9,678
down €9,678 (-61.4%), from €15,756 to €6,078
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,751,907 | €3,016,359 | -€735,548 | -19.6% |
| Fixed assets | 21/28 | €44,924 | €115,961 | +€71,037 | +158% |
| Tangible fixed assets | 22/27 | €44,924 | €115,961 | +€71,037 | +158% |
| Land and buildings | 22 | €7,000 | €7,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,970 | €1,680 | -€1,290 | -43.4% |
| Furniture and vehicles | 24 | €34,954 | €107,281 | +€72,327 | +207% |
| Current assets | 29/58 | €3,706,983 | €2,900,398 | -€806,584 | -21.8% |
| Stocks and contracts in progress | 3 | €2,259,016 | €2,533,142 | +€274,127 | +12.1% |
| Stocks | 30/36 | €2,259,016 | €2,533,142 | +€274,127 | +12.1% |
| Amounts receivable within one year | 40/41 | €835,514 | €253,834 | -€581,680 | -69.6% |
| Trade receivables | 40 | €825,051 | €248,574 | -€576,476 | -69.9% |
| Other amounts receivable | 41 | €10,464 | €5,260 | -€5,204 | -49.7% |
| Cash at bank and in hand | 54/58 | €35,174 | €84,844 | +€49,670 | +141% |
| Deferred charges and accrued income | 490/1 | €577,279 | €28,577 | -€548,701 | -95.0% |
| Total equity and liabilities | 10/49 | €3,751,907 | €3,016,359 | -€735,548 | -19.6% |
| Equity | 10/15 | €84,990 | €231,890 | +€146,900 | +173% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | - | -€19,000 | |
| Issued capital | 100 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €45,150 | €45,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €24,500 | €24,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,840 | €167,740 | +€146,900 | +705% |
| Amounts payable | 17/49 | €3,666,917 | €2,784,469 | -€882,448 | -24.1% |
| Amounts payable after more than one year | 17 | €2,077,000 | €1,782,692 | -€294,308 | -14.2% |
| Financial debts | 170/4 | €2,077,000 | €1,782,692 | -€294,308 | -14.2% |
| Amounts payable within one year | 42/48 | €1,589,917 | €1,001,778 | -€588,139 | -37.0% |
| Financial debts | 43 | €31,933 | - | -€31,933 | |
| Credit institutions | 430/8 | €31,933 | - | -€31,933 | |
| Trade debts | 44 | €1,073,887 | €554,402 | -€519,485 | -48.4% |
| Suppliers | 440/4 | €1,073,887 | €554,402 | -€519,485 | -48.4% |
| Advances received on contracts in progress | 46 | €49,353 | - | -€49,353 | |
| Taxes, remuneration and social security | 45 | €29,561 | €116,225 | +€86,664 | +293% |
| Taxes | 450/3 | €29,561 | €116,225 | +€86,664 | +293% |
| Other amounts payable | 47/48 | €405,183 | €331,150 | -€74,033 | -18.3% |
| Non-recurring operating income | 76A | - | €5,016 | +€5,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,815 | €26,969 | +€10,154 | +60.4% |
| Other operating charges | 640/8 | €15,756 | €6,078 | -€9,678 | -61.4% |
| Non-recurring operating charges | 66A | - | €13,513 | +€13,513 | |
| Gross operating margin | 9900 | €236,386 | €401,346 | +€164,960 | +69.8% |
| Operating profit (loss) | 9901 | €203,814 | €354,785 | +€150,971 | +74.1% |
| Financial income | 75/76B | €2 | €262 | +€259 | +12,354% |
| Recurring financial income | 75 | €2 | €262 | +€259 | +12,354% |
| Financial charges | 65/66B | €118,491 | €151,467 | +€32,976 | +27.8% |
| Recurring financial charges | 65 | €118,491 | €150,234 | +€31,743 | +26.8% |
| Non-recurring financial charges | 66B | - | €1,233 | +€1,233 | |
| Profit (loss) for the period before taxes | 9903 | €85,325 | €203,579 | +€118,254 | +139% |
| Income taxes | 67/77 | €29,561 | €56,679 | +€27,118 | +91.7% |
| Profit (loss) for the period | 9904 | €55,764 | €146,900 | +€91,136 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €55,764 | €146,900 | +€91,136 | +163% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.