HELAN: 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.
HELAN
Largest movements
- Receivables within one year +€13,400
up €13,400 (+39.4%), from €33,976 to €47,376
- Cash -€7,196
down €7,196 (-28.6%), from €25,180 to €17,985
mainly Receivables within one year (-€13,400)
- Tangible fixed assets -€2,655
down €2,655 (-6.8%), from €39,023 to €36,368
of which Other tangible fixed assets: -€1,719
- Profit (loss) carried forward +€2,535
up €2,535 (+9.5%), from -€26,754 to -€24,218
- Gross operating margin -€2,786
down €2,786 (-41.4%), from €6,733 to €3,947
- Other operating charges -€2,511
down €2,511 (-88.1%), from €2,850 to €339
- Depreciation -€2,149
down €2,149 (-44.7%), from €4,804 to €2,655
- Financial income +€1,955
new in 2025: €1,955
- Taxes -€148
down €148 (-45.9%), from €322 to €174
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 | €99,166 | €101,728 | +€2,563 | +2.6% |
| Fixed assets | 21/28 | €39,023 | €36,368 | -€2,655 | -6.8% |
| Tangible fixed assets | 22/27 | €39,023 | €36,368 | -€2,655 | -6.8% |
| Land and buildings | 22 | €26,229 | €25,355 | -€874 | -3.3% |
| Plant, machinery and equipment | 23 | €62 | €0 | -€62 | -100.0% |
| Other tangible fixed assets | 26 | €12,732 | €11,013 | -€1,719 | -13.5% |
| Current assets | 29/58 | €60,143 | €65,360 | +€5,218 | +8.7% |
| Amounts receivable within one year | 40/41 | €33,976 | €47,376 | +€13,400 | +39.4% |
| Other amounts receivable | 41 | €33,976 | €47,376 | +€13,400 | +39.4% |
| Cash at bank and in hand | 54/58 | €25,180 | €17,985 | -€7,196 | -28.6% |
| Deferred charges and accrued income | 490/1 | €987 | - | -€987 | |
| Total equity and liabilities | 10/49 | €99,166 | €101,728 | +€2,563 | +2.6% |
| Equity | 10/15 | €95,747 | €98,282 | +€2,535 | +2.6% |
| Contributions | 10/11 | €70,500 | €70,500 | = | 0.0% |
| Reserves | 13 | €52,000 | €52,000 | = | 0.0% |
| Distributable reserves | 133 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,754 | -€24,218 | +€2,535 | +9.5% |
| Amounts payable | 17/49 | €3,419 | €3,446 | +€27 | +0.8% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,919 | €1,946 | +€27 | +1.4% |
| Trade debts | 44 | €1,919 | €1,946 | +€27 | +1.4% |
| Suppliers | 440/4 | €1,919 | €1,946 | +€27 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,804 | €2,655 | -€2,149 | -44.7% |
| Other operating charges | 640/8 | €2,850 | €339 | -€2,511 | -88.1% |
| Gross operating margin | 9900 | €6,733 | €3,947 | -€2,786 | -41.4% |
| Operating profit (loss) | 9901 | -€921 | €953 | +€1,874 | |
| Financial income | 75/76B | - | €1,955 | +€1,955 | |
| Recurring financial income | 75 | - | €1,955 | +€1,955 | |
| Financial charges | 65/66B | €224 | €198 | -€26 | -11.5% |
| Recurring financial charges | 65 | €224 | €198 | -€26 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,145 | €2,710 | +€3,854 | |
| Income taxes | 67/77 | €322 | €174 | -€148 | -45.9% |
| Profit (loss) for the period | 9904 | -€1,467 | €2,535 | +€4,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,467 | €2,535 | +€4,002 |
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 30 September 2026 via checked.be.