HE-LI: what changed
Two fiscal 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.
HE-LI
Largest movements
- Cash -€11,337
down €11,337 (-10.8%), from €104,730 to €93,393
mainly Tax, wage and social debts (-€11,063) and Investment in fixed assets (net) (-€7,425)
- Tangible fixed assets +€6,054
up €6,054 (+948.7%), from €638 to €6,693
of which Furniture and vehicles: +€6,369
- Deferred charges and accrued income -€2,153
no longer reported in 2023 (was €2,153)
- Receivables within one year +€1,526
up €1,526 (+18.1%), from €8,444 to €9,970
of which Other amounts receivable: +€5,093
- Tax, wage and social debts -€11,063
down €11,063 (-70.8%), from €15,624 to €4,560
of which Taxes: -€9,731
- Reserves +€4,222
up €4,222 (+4.5%), from €94,096 to €98,318
of which Distributable reserves: +€4,222
- Gross operating margin -€31,983
down €31,983 (-75.8%), from €42,192 to €10,209
- Taxes -€9,219
down €9,219 (-70.8%), from €13,029 to €3,810
- Depreciation +€476
up €476 (+53.2%), from €895 to €1,370
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,965 | €110,056 | -€5,909 | -5.1% |
| Fixed assets | 21/28 | €638 | €6,693 | +€6,054 | +948.7% |
| Tangible fixed assets | 22/27 | €638 | €6,693 | +€6,054 | +948.7% |
| Plant, machinery and equipment | 23 | €315 | - | -€315 | |
| Furniture and vehicles | 24 | €324 | €6,693 | +€6,369 | +1968.4% |
| Current assets | 29/58 | €115,327 | €103,363 | -€11,964 | -10.4% |
| Amounts receivable within one year | 40/41 | €8,444 | €9,970 | +€1,526 | +18.1% |
| Trade receivables | 40 | €3,567 | - | -€3,567 | |
| Other amounts receivable | 41 | €4,877 | €9,970 | +€5,093 | +104.4% |
| Cash at bank and in hand | 54/58 | €104,730 | €93,393 | -€11,337 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,153 | - | -€2,153 | |
| Total equity and liabilities | 10/49 | €115,965 | €110,056 | -€5,909 | -5.1% |
| Equity | 10/15 | €100,296 | €104,518 | +€4,222 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,096 | €98,318 | +€4,222 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,236 | €96,458 | +€4,222 | +4.6% |
| Amounts payable | 17/49 | €15,669 | €5,538 | -€10,131 | -64.7% |
| Amounts payable within one year | 42/48 | €15,669 | €5,538 | -€10,131 | -64.7% |
| Trade debts | 44 | €46 | €978 | +€932 | +2037.6% |
| Suppliers | 440/4 | €46 | €978 | +€932 | +2037.6% |
| Taxes, remuneration and social security | 45 | €15,624 | €4,560 | -€11,063 | -70.8% |
| Taxes | 450/3 | €14,291 | €4,560 | -€9,731 | -68.1% |
| Remuneration and social security | 454/9 | €1,332 | - | -€1,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €1,370 | +€476 | +53.2% |
| Other operating charges | 640/8 | €1,049 | €1,158 | +€108 | +10.3% |
| Gross operating margin | 9900 | €42,192 | €10,209 | -€31,983 | -75.8% |
| Operating profit (loss) | 9901 | €40,248 | €7,681 | -€32,567 | -80.9% |
| Financial income | 75/76B | - | €419 | +€419 | |
| Recurring financial income | 75 | - | €419 | +€419 | |
| Financial charges | 65/66B | €39 | €69 | +€31 | +79.2% |
| Recurring financial charges | 65 | €39 | €69 | +€31 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €40,209 | €8,031 | -€32,178 | -80.0% |
| Income taxes | 67/77 | €13,029 | €3,810 | -€9,219 | -70.8% |
| Profit (loss) for the period | 9904 | €27,180 | €4,222 | -€22,959 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,180 | €4,222 | -€22,959 | -84.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.