HEDERA HELIX: 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.
What changed
HEDERA HELIX
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,724
2024 · €19,689-€30,413
Equity
€536,120
2024 · €546,844-€10,724
Cash
€78,086
2024 · €113,837-€35,751
Balance sheet total
€1.9m
2024 · €2.0m-€149,876
Largest movements
Assets
- Tangible fixed assets -€104,048
down €104,048 (-5.5%), from €1.9m to €1.8m
of which Land and buildings: -€101,935
- Cash -€35,751
down €35,751 (-31.4%), from €113,837 to €78,086
mainly Debts after one year (-€117,709) and Provisions (-€10,979)
Equity and liabilities
- Debts after one year -€117,709
down €117,709 (-9.8%), from €1.2m to €1.1m
Income statement
- Gross operating margin -€38,434
down €38,434 (-17.7%), from €216,565 to €178,132
- Financial charges -€9,323
down €9,323 (-18.1%), from €51,615 to €42,292
- Taxes +€3,983
up €3,983 (+83.6%), from €4,766 to €8,749
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.
Result 2024
€19,689
Gross operating margin
-€38,434
Depreciation
+€468
Other operating charges
+€1,088
Other operating items
-€10,746
Financial income
-€417
Financial charges
+€9,323
Taxes
-€3,983
Deferred taxes and other
+€12,288
Result 2025
-€10,724
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€89,562
Investment
-€8,475
Financing
-€116,837
Cash 2024
€113,837
From operations (derived)
+€89,562
Net result for the year
-€10,724
Depreciation
+€112,523
Receivables within one year
+€12,657
Deferred charges and accrued income
-€2,579
Provisions
-€10,979
Trade debts
-€2,130
Tax, wage and social debts
-€1,891
Other debts
-€1,384
Accrued charges and deferred income
-€5,932
Investment (derived)
-€8,475
Investment in fixed assets (net)
-€8,475
Financing
-€116,837
Debts after one year
-€117,709
Current portion of long-term debt
+€872
Cash 2025
€78,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,745 | €1,863,868 | -€149,876 | -7.4% |
| Fixed assets | 21/28 | €1,878,169 | €1,774,122 | -€104,048 | -5.5% |
| Tangible fixed assets | 22/27 | €1,878,169 | €1,774,122 | -€104,048 | -5.5% |
| Land and buildings | 22 | €1,871,041 | €1,769,107 | -€101,935 | -5.4% |
| Plant, machinery and equipment | 23 | €4,667 | €3,391 | -€1,276 | -27.3% |
| Furniture and vehicles | 24 | €2,461 | €1,624 | -€837 | -34.0% |
| Current assets | 29/58 | €135,575 | €89,746 | -€45,829 | -33.8% |
| Amounts receivable within one year | 40/41 | €12,657 | €0 | -€12,657 | -100% |
| Trade receivables | 40 | €561 | €0 | -€561 | -100% |
| Other amounts receivable | 41 | €12,096 | €0 | -€12,096 | -100% |
| Cash at bank and in hand | 54/58 | €113,837 | €78,086 | -€35,751 | -31.4% |
| Deferred charges and accrued income | 490/1 | €9,081 | €11,660 | +€2,579 | +28.4% |
| Total equity and liabilities | 10/49 | €2,013,745 | €1,863,868 | -€149,876 | -7.4% |
| Equity | 10/15 | €546,844 | €536,120 | -€10,724 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,244 | €517,520 | -€10,724 | -2.0% |
| Tax-exempt reserves | 132 | €295,704 | €262,767 | -€32,937 | -11.1% |
| Distributable reserves | 133 | €232,539 | €254,753 | +€22,214 | +9.6% |
| Provisions and deferred taxes | 16 | €97,534 | €86,555 | -€10,979 | -11.3% |
| Deferred taxes | 168 | €97,534 | €86,555 | -€10,979 | -11.3% |
| Amounts payable | 17/49 | €1,369,367 | €1,241,193 | -€128,174 | -9.4% |
| Amounts payable after more than one year | 17 | €1,201,991 | €1,084,282 | -€117,709 | -9.8% |
| Financial debts | 170/4 | €1,201,991 | €1,084,282 | -€117,709 | -9.8% |
| Amounts payable within one year | 42/48 | €135,795 | €131,262 | -€4,532 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €118,252 | €119,124 | +€872 | +0.7% |
| Trade debts | 44 | €5,350 | €3,220 | -€2,130 | -39.8% |
| Suppliers | 440/4 | €5,350 | €3,220 | -€2,130 | -39.8% |
| Taxes, remuneration and social security | 45 | €6,009 | €4,118 | -€1,891 | -31.5% |
| Taxes | 450/3 | €6,009 | €4,118 | -€1,891 | -31.5% |
| Other amounts payable | 47/48 | €6,184 | €4,800 | -€1,384 | -22.4% |
| Accrued charges and deferred income | 492/3 | €31,582 | €25,650 | -€5,932 | -18.8% |
| Non-recurring operating income | 76A | €24,782 | €0 | -€24,782 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,991 | €112,523 | -€468 | -0.4% |
| Other operating charges | 640/8 | €26,613 | €25,525 | -€1,088 | -4.1% |
| Non-recurring operating charges | 66A | - | €10,746 | +€10,746 | |
| Gross operating margin | 9900 | €216,565 | €178,132 | -€38,434 | -17.7% |
| Operating profit (loss) | 9901 | €76,961 | €29,338 | -€47,623 | -61.9% |
| Financial income | 75/76B | €417 | €0 | -€417 | -100% |
| Recurring financial income | 75 | €417 | €0 | -€417 | -100% |
| Financial charges | 65/66B | €51,615 | €42,292 | -€9,323 | -18.1% |
| Recurring financial charges | 65 | €51,615 | €42,292 | -€9,323 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €25,764 | -€12,954 | -€38,717 | |
| Transfer from deferred taxes | 780 | €3,544 | €10,979 | +€7,435 | +210% |
| Transfer to deferred taxes | 680 | €4,853 | €0 | -€4,853 | -100% |
| Income taxes | 67/77 | €4,766 | €8,749 | +€3,983 | +83.6% |
| Profit (loss) for the period | 9904 | €19,689 | -€10,724 | -€30,413 | |
| Transfer from tax-exempt reserves | 789 | €10,632 | €32,937 | +€22,305 | +210% |
| Transfer to tax-exempt reserves | 689 | €14,558 | €0 | -€14,558 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €15,763 | €22,214 | +€6,450 | +40.9% |
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 20 October 2026 via checked.be.