@He-Lo: 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.
@He-Lo
Largest movements
- Receivables after one year -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Cash +€22,808
up €22,808 (+85.5%), from €26,689 to €49,497
mainly Net result for the year (+€58,207) and Receivables after one year (+€35,000)
- Receivables within one year -€13,716
down €13,716 (-38.8%), from €35,393 to €21,676
- Tangible fixed assets -€5,214
down €5,214 (-21.7%), from €23,984 to €18,769
of which Other tangible fixed assets: -€3,010
- Deferred charges and accrued income -€1,826
down €1,826 (-45.5%), from €4,016 to €2,190
- Other debts -€40,941
down €40,941 (-99.0%), from €41,344 to €403
- Tax, wage and social debts +€4,336
up €4,336 (+36.5%), from €11,863 to €16,199
- Trade debts +€4,104
up €4,104 (+437.0%), from €939 to €5,043
- Debts after one year -€1,302
down €1,302 (-31.0%), from €4,198 to €2,896
- Gross operating margin +€14,595
up €14,595 (+22.2%), from €65,664 to €80,259
- Taxes +€3,144
up €3,144 (+24.7%), from €12,705 to €15,849
- Financial income +€1,215
up €1,215 (+369.5%), from €329 to €1,544
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 | €125,461 | €92,512 | -€32,949 | -26.3% |
| Fixed assets | 21/28 | €24,364 | €19,149 | -€5,214 | -21.4% |
| Tangible fixed assets | 22/27 | €23,984 | €18,769 | -€5,214 | -21.7% |
| Furniture and vehicles | 24 | €8,747 | €6,542 | -€2,205 | -25.2% |
| Other tangible fixed assets | 26 | €15,237 | €12,227 | -€3,010 | -19.8% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €101,098 | €73,363 | -€27,734 | -27.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €0 | -€35,000 | -100.0% |
| Other amounts receivable | 291 | €35,000 | €0 | -€35,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €35,393 | €21,676 | -€13,716 | -38.8% |
| Trade receivables | 40 | €35,393 | €21,676 | -€13,716 | -38.8% |
| Cash at bank and in hand | 54/58 | €26,689 | €49,497 | +€22,808 | +85.5% |
| Deferred charges and accrued income | 490/1 | €4,016 | €2,190 | -€1,826 | -45.5% |
| Total equity and liabilities | 10/49 | €125,461 | €92,512 | -€32,949 | -26.3% |
| Equity | 10/15 | €65,463 | €66,670 | +€1,207 | +1.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,463 | €65,670 | +€1,207 | +1.9% |
| Amounts payable | 17/49 | €59,998 | €25,842 | -€34,156 | -56.9% |
| Amounts payable after more than one year | 17 | €4,198 | €2,896 | -€1,302 | -31.0% |
| Financial debts | 170/4 | €4,198 | €2,896 | -€1,302 | -31.0% |
| Amounts payable within one year | 42/48 | €55,800 | €22,946 | -€32,854 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €1,654 | €1,302 | -€352 | -21.3% |
| Trade debts | 44 | €939 | €5,043 | +€4,104 | +437.0% |
| Suppliers | 440/4 | €939 | €5,043 | +€4,104 | +437.0% |
| Taxes, remuneration and social security | 45 | €11,863 | €16,199 | +€4,336 | +36.5% |
| Taxes | 450/3 | €11,863 | €16,199 | +€4,336 | +36.5% |
| Other amounts payable | 47/48 | €41,344 | €403 | -€40,941 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,669 | €5,032 | +€363 | +7.8% |
| Other operating charges | 640/8 | €247 | €338 | +€92 | +37.2% |
| Non-recurring operating charges | 66A | - | €83 | +€83 | |
| Gross operating margin | 9900 | €65,664 | €80,259 | +€14,595 | +22.2% |
| Operating profit (loss) | 9901 | €60,748 | €74,806 | +€14,058 | +23.1% |
| Financial income | 75/76B | €329 | €1,544 | +€1,215 | +369.5% |
| Recurring financial income | 75 | €329 | €1,544 | +€1,215 | +369.5% |
| Financial charges | 65/66B | €2,900 | €2,294 | -€606 | -20.9% |
| Recurring financial charges | 65 | €2,900 | €2,294 | -€606 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €58,177 | €74,056 | +€15,879 | +27.3% |
| Income taxes | 67/77 | €12,705 | €15,849 | +€3,144 | +24.7% |
| Profit (loss) for the period | 9904 | €45,472 | €58,207 | +€12,735 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,472 | €58,207 | +€12,735 | +28.0% |
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 9 October 2026 via checked.be.