Helab: 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.
Helab
Largest movements
- Receivables within one year -€6,950
down €6,950 (-43.4%), from €16,002 to €9,052
of which Trade receivables: -€7,000
- Cash +€5,602
up €5,602 (+28.7%), from €19,501 to €25,104
mainly Receivables within one year (+€6,950) and Depreciation (+€5,646)
- Tangible fixed assets -€2,546
down €2,546 (-14.7%), from €17,366 to €14,820
of which Furniture and vehicles: -€1,746
- Debts after one year -€2,801
down €2,801 (-21.3%), from €13,142 to €10,341
- Tax, wage and social debts -€1,283
down €1,283 (-19.2%), from €6,673 to €5,391
- Gross operating margin -€2,615
down €2,615 (-22.3%), from €11,746 to €9,131
- Other operating charges +€807
up €807 (+209.8%), from €385 to €1,192
- Taxes -€695
down €695 (-56.2%), from €1,236 to €541
- Depreciation +€426
up €426 (+8.2%), from €5,220 to €5,646
- Financial charges -€370
down €370 (-18.1%), from €2,052 to €1,681
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 | €55,882 | €52,053 | -€3,829 | -6.9% |
| Fixed assets | 21/28 | €18,866 | €16,320 | -€2,546 | -13.5% |
| Tangible fixed assets | 22/27 | €17,366 | €14,820 | -€2,546 | -14.7% |
| Plant, machinery and equipment | 23 | €2,920 | €2,120 | -€800 | -27.4% |
| Furniture and vehicles | 24 | €14,446 | €12,700 | -€1,746 | -12.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €37,017 | €35,733 | -€1,283 | -3.5% |
| Amounts receivable within one year | 40/41 | €16,002 | €9,052 | -€6,950 | -43.4% |
| Trade receivables | 40 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Other amounts receivable | 41 | €1,002 | €1,052 | +€50 | +5.0% |
| Cash at bank and in hand | 54/58 | €19,501 | €25,104 | +€5,602 | +28.7% |
| Deferred charges and accrued income | 490/1 | €1,514 | €1,578 | +€64 | +4.2% |
| Total equity and liabilities | 10/49 | €55,882 | €52,053 | -€3,829 | -6.9% |
| Equity | 10/15 | €31,393 | €31,464 | +€71 | +0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,393 | €30,464 | +€71 | +0.2% |
| Distributable reserves | 133 | €30,393 | €30,464 | +€71 | +0.2% |
| Amounts payable | 17/49 | €24,489 | €20,590 | -€3,900 | -15.9% |
| Amounts payable after more than one year | 17 | €13,142 | €10,341 | -€2,801 | -21.3% |
| Financial debts | 170/4 | €13,142 | €10,341 | -€2,801 | -21.3% |
| Amounts payable within one year | 42/48 | €11,348 | €10,249 | -€1,099 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €2,673 | €2,801 | +€128 | +4.8% |
| Trade debts | 44 | €211 | €129 | -€82 | -38.8% |
| Suppliers | 440/4 | €211 | €129 | -€82 | -38.8% |
| Taxes, remuneration and social security | 45 | €6,673 | €5,391 | -€1,283 | -19.2% |
| Taxes | 450/3 | €6,673 | €5,391 | -€1,283 | -19.2% |
| Other amounts payable | 47/48 | €1,791 | €1,928 | +€137 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,220 | €5,646 | +€426 | +8.2% |
| Other operating charges | 640/8 | €385 | €1,192 | +€807 | +209.8% |
| Gross operating margin | 9900 | €11,746 | €9,131 | -€2,615 | -22.3% |
| Operating profit (loss) | 9901 | €6,141 | €2,293 | -€3,847 | -62.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,052 | €1,681 | -€370 | -18.1% |
| Recurring financial charges | 65 | €2,052 | €1,681 | -€370 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €4,089 | €612 | -€3,477 | -85.0% |
| Income taxes | 67/77 | €1,236 | €541 | -€695 | -56.2% |
| Profit (loss) for the period | 9904 | €2,853 | €71 | -€2,782 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,853 | €71 | -€2,782 | -97.5% |
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 10 October 2026 via checked.be.