Helama: 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.
Helama
Largest movements
- Receivables after one year +€63,920
up €63,920 (+68.1%), from €93,800 to €157,720
- Receivables within one year -€5,090
down €5,090 (-50.3%), from €10,120 to €5,030
- Reserves +€46,299
up €46,299 (+62.5%), from €74,084 to €120,383
- Tax, wage and social debts +€9,811
up €9,811 (+40.0%), from €24,528 to €34,339
- Gross operating margin -€36,499
down €36,499 (-38.2%), from €95,584 to €59,084
- Taxes -€6,877
down €6,877 (-37.0%), from €18,574 to €11,697
- Depreciation -€2,183
down €2,183 (-100.0%), from €2,183 to €0
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 | €112,738 | €170,232 | +€57,494 | +51.0% |
| Current assets | 29/58 | €112,738 | €170,232 | +€57,494 | +51.0% |
| Amounts receivable after more than one year | 29 | €93,800 | €157,720 | +€63,920 | +68.1% |
| Other amounts receivable | 291 | €93,800 | €157,720 | +€63,920 | +68.1% |
| Amounts receivable within one year | 40/41 | €10,120 | €5,030 | -€5,090 | -50.3% |
| Trade receivables | 40 | €10,120 | €5,030 | -€5,090 | -50.3% |
| Cash at bank and in hand | 54/58 | €8,818 | €7,482 | -€1,336 | -15.2% |
| Total equity and liabilities | 10/49 | €112,738 | €170,232 | +€57,494 | +51.0% |
| Equity | 10/15 | €79,084 | €125,383 | +€46,299 | +58.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,084 | €120,383 | +€46,299 | +62.5% |
| Distributable reserves | 133 | €74,084 | €120,383 | +€46,299 | +62.5% |
| Amounts payable | 17/49 | €33,654 | €44,849 | +€11,194 | +33.3% |
| Amounts payable within one year | 42/48 | €33,654 | €44,849 | +€11,194 | +33.3% |
| Trade debts | 44 | €1,763 | €1,665 | -€97 | -5.5% |
| Suppliers | 440/4 | €1,763 | €1,665 | -€97 | -5.5% |
| Taxes, remuneration and social security | 45 | €24,528 | €34,339 | +€9,811 | +40.0% |
| Taxes | 450/3 | €24,528 | €34,339 | +€9,811 | +40.0% |
| Other amounts payable | 47/48 | €7,364 | €8,844 | +€1,481 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,183 | €0 | -€2,183 | -100.0% |
| Other operating charges | 640/8 | €459 | €887 | +€428 | +93.3% |
| Gross operating margin | 9900 | €95,584 | €59,084 | -€36,499 | -38.2% |
| Operating profit (loss) | 9901 | €92,941 | €58,197 | -€34,744 | -37.4% |
| Financial charges | 65/66B | €283 | €201 | -€83 | -29.2% |
| Recurring financial charges | 65 | €283 | €201 | -€83 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €92,658 | €57,996 | -€34,662 | -37.4% |
| Income taxes | 67/77 | €18,574 | €11,697 | -€6,877 | -37.0% |
| Profit (loss) for the period | 9904 | €74,084 | €46,299 | -€27,785 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,084 | €46,299 | -€27,785 | -37.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.