HELANCO: 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.
HELANCO
Largest movements
- Cash +€66,831
up €66,831 (+84.6%), from €78,968 to €145,799
mainly Net result for the year (+€88,344) and Current investments (+€19,000)
- Tangible fixed assets +€33,697
up €33,697 (+448.9%), from €7,506 to €41,203
of which Furniture and vehicles: +€26,813
- Current investments -€19,000
down €19,000 (-38.0%), from €50,000 to €31,000
- Receivables within one year +€3,918
up €3,918 (+26.8%), from €14,618 to €18,536
of which Other amounts receivable: +€2,554
- Reserves +€88,344
up €88,344 (+78.3%), from €112,818 to €201,162
- Tax, wage and social debts -€11,303
down €11,303 (-32.5%), from €34,830 to €23,527
of which Taxes: -€11,303
- Trade debts +€7,352
up €7,352 (+802.2%), from €916 to €8,268
- Gross operating margin +€47,511
up €47,511 (+56.5%), from €84,143 to €131,654
- Taxes +€12,553
up €12,553 (+54.0%), from €23,232 to €35,784
- Depreciation +€6,601
up €6,601 (+470.0%), from €1,405 to €8,006
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 | €151,592 | €236,538 | +€84,946 | +56.0% |
| Fixed assets | 21/28 | €8,006 | €41,203 | +€33,197 | +414.6% |
| Tangible fixed assets | 22/27 | €7,506 | €41,203 | +€33,697 | +448.9% |
| Plant, machinery and equipment | 23 | - | €6,883 | +€6,883 | |
| Furniture and vehicles | 24 | €7,506 | €34,319 | +€26,813 | +357.2% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €143,586 | €195,335 | +€51,749 | +36.0% |
| Amounts receivable within one year | 40/41 | €14,618 | €18,536 | +€3,918 | +26.8% |
| Trade receivables | 40 | €14,615 | €15,979 | +€1,364 | +9.3% |
| Other amounts receivable | 41 | €3 | €2,557 | +€2,554 | +86269.6% |
| Current investments | 50/53 | €50,000 | €31,000 | -€19,000 | -38.0% |
| Cash at bank and in hand | 54/58 | €78,968 | €145,799 | +€66,831 | +84.6% |
| Total equity and liabilities | 10/49 | €151,592 | €236,538 | +€84,946 | +56.0% |
| Equity | 10/15 | €115,318 | €203,662 | +€88,344 | +76.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €112,818 | €201,162 | +€88,344 | +78.3% |
| Distributable reserves | 133 | €112,818 | €201,162 | +€88,344 | +78.3% |
| Amounts payable | 17/49 | €36,274 | €32,876 | -€3,398 | -9.4% |
| Amounts payable within one year | 42/48 | €36,274 | €32,876 | -€3,398 | -9.4% |
| Trade debts | 44 | €916 | €8,268 | +€7,352 | +802.2% |
| Suppliers | 440/4 | €916 | €8,268 | +€7,352 | +802.2% |
| Taxes, remuneration and social security | 45 | €34,830 | €23,527 | -€11,303 | -32.5% |
| Taxes | 450/3 | €32,298 | €20,995 | -€11,303 | -35.0% |
| Remuneration and social security | 454/9 | €2,532 | €2,532 | = | 0.0% |
| Other amounts payable | 47/48 | €528 | €1,081 | +€553 | +104.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405 | €8,006 | +€6,601 | +470.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €84,143 | €131,654 | +€47,511 | +56.5% |
| Operating profit (loss) | 9901 | €82,621 | €123,528 | +€40,907 | +49.5% |
| Financial income | 75/76B | €15 | €600 | +€585 | +3900.1% |
| Recurring financial income | 75 | €15 | €600 | +€585 | +3900.1% |
| Financial charges | 65/66B | €112 | €0 | -€112 | -99.8% |
| Recurring financial charges | 65 | €112 | €0 | -€112 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €82,524 | €124,128 | +€41,604 | +50.4% |
| Income taxes | 67/77 | €23,232 | €35,784 | +€12,553 | +54.0% |
| Profit (loss) for the period | 9904 | €59,293 | €88,344 | +€29,051 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,293 | €88,344 | +€29,051 | +49.0% |
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 9 October 2026 via checked.be.