HELA CONSULT: 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.
HELA CONSULT
Largest movements
- Tangible fixed assets +€30,598
new in 2025: €30,598
- Current investments +€19,244
up €19,244 (+5.0%), from €385,712 to €404,956
- Reserves +€40,741
up €40,741 (+6.8%), from €595,183 to €635,924
of which Distributable reserves: +€40,741
- Financial income +€21,696
up €21,696 (+253%), from €8,566 to €30,262
of which Financial income: +€17,150
- Depreciation +€6,694
new in 2025: €6,694
- Gross operating margin -€3,264
down €3,264 (-9.8%), from €33,146 to €29,882
- Taxes +€1,336
up €1,336 (+11.0%), from €12,197 to €13,533
- Financial charges -€492
down €492 (-87.3%), from €564 to €72
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 | €622,914 | €668,131 | +€45,217 | +7.3% |
| Fixed assets | 21/28 | €3,100 | €33,698 | +€30,598 | +987% |
| Tangible fixed assets | 22/27 | - | €30,598 | +€30,598 | |
| Furniture and vehicles | 24 | - | €30,598 | +€30,598 | |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €619,814 | €634,434 | +€14,619 | +2.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,364 | €455 | -€4,909 | -91.5% |
| Trade receivables | 40 | €1,645 | €455 | -€1,190 | -72.3% |
| Other amounts receivable | 41 | €3,719 | €0 | -€3,719 | -100% |
| Current investments | 50/53 | €385,712 | €404,956 | +€19,244 | +5.0% |
| Cash at bank and in hand | 54/58 | €203,733 | €203,942 | +€209 | +0.1% |
| Deferred charges and accrued income | 490/1 | €5 | €81 | +€75 | +1,416% |
| Total equity and liabilities | 10/49 | €622,914 | €668,131 | +€45,217 | +7.3% |
| Equity | 10/15 | €619,983 | €660,724 | +€40,741 | +6.6% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €595,183 | €635,924 | +€40,741 | +6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €595,183 | €635,924 | +€40,741 | +6.8% |
| Amounts payable | 17/49 | €2,931 | €7,407 | +€4,476 | +153% |
| Amounts payable within one year | 42/48 | €2,701 | €7,407 | +€4,706 | +174% |
| Trade debts | 44 | €1,029 | €205 | -€825 | -80.1% |
| Suppliers | 440/4 | €1,029 | €205 | -€825 | -80.1% |
| Taxes, remuneration and social security | 45 | €1,672 | €6,912 | +€5,240 | +313% |
| Taxes | 450/3 | €1,672 | €6,912 | +€5,240 | +313% |
| Other amounts payable | 47/48 | €0 | €290 | +€290 | |
| Accrued charges and deferred income | 492/3 | €230 | €0 | -€230 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,694 | +€6,694 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €778 | €507 | -€271 | -34.8% |
| Gross operating margin | 9900 | €33,146 | €29,882 | -€3,264 | -9.8% |
| Operating profit (loss) | 9901 | €32,368 | €22,681 | -€9,687 | -29.9% |
| Financial income | 75/76B | €8,566 | €30,262 | +€21,696 | +253% |
| Recurring financial income | 75 | €8,566 | €25,716 | +€17,150 | +200% |
| Non-recurring financial income | 76B | - | €4,545 | +€4,545 | |
| Financial charges | 65/66B | €564 | €72 | -€492 | -87.3% |
| Recurring financial charges | 65 | €564 | €72 | -€492 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €40,370 | €52,871 | +€12,501 | +31.0% |
| Income taxes | 67/77 | €12,197 | €13,533 | +€1,336 | +11.0% |
| Profit (loss) for the period | 9904 | €28,173 | €39,337 | +€11,164 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,173 | €39,337 | +€11,164 | +39.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.