Helanet: 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.
What changed
Helanet
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.5m
2024 · €9.3m-€1.8m
Equity
€83.7m
2024 · €75.7m+€7.9m
Cash
€527,974
2024 · €615,285-€87,311
Balance sheet total
€90.8m
2024 · €83.8m+€7.1m
Largest movements
Assets
- Current investments +€13.1m
up €13.1m (+170.0%), from €7.7m to €20.7m
- Tangible fixed assets -€2.4m
down €2.4m (-3.7%), from €65.9m to €63.4m
of which Land and buildings: -€3.6m
- Financial fixed assets -€1.7m
down €1.7m (-36.5%), from €4.8m to €3.0m
- Receivables after one year -€1.6m
down €1.6m (-36.2%), from €4.3m to €2.7m
Equity and liabilities
- Profit (loss) carried forward +€7.5m
up €7.5m (+14.6%), from €51.1m to €58.5m
- Debts after one year -€1.1m
down €1.1m (-16.1%), from €6.6m to €5.5m
of which Financial debts: -€1.1m
Income statement
- Gross operating margin -€11.7m
no longer reported in 2025 (was €11.7m)
- Other operating income +€4.0m
new in 2025: €4.0m
- Financial charges +€1.7m
up €1.7m (+3184.9%), from €54,293 to €1.8m
of which Non-recurring financial charges: +€1.7m
- Services and other goods +€955,686
new in 2025: €955,686
- Financial income -€199,677
down €199,677 (-38.8%), from €514,218 to €314,541
of which Non-recurring financial income: -€225,250
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.
Result 2024
€9.3m
Depreciation
+€55,361
Other operating charges
-€47,762
Other operating items
+€130,324
Financial income
-€199,677
Financial charges
-€1.7m
Result 2025
€7.5m
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.
From operations
+€11.3m
Investment
-€10.8m
Financing
-€603,193
Cash 2024
€615,285
From operations (derived)
+€11.3m
Net result for the year
+€7.5m
Depreciation
+€1.9m
Receivables after one year
+€1.6m
Receivables within one year
-€96,628
Deferred charges and accrued income
+€275,286
Debts within one year
+€191,596
Investment (derived)
-€10.8m
Investment in fixed assets (net)
+€2.2m
Current investments
-€13.1m
Financing
-€603,193
Debts after one year
-€1.1m
Contributions, distributions and other
+€453,367
Cash 2025
€527,974
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,768,306 | €90,827,534 | +€7.1m | +8.4% |
| Fixed assets | 21/28 | €70,618,935 | €66,444,132 | -€4.2m | -5.9% |
| Tangible fixed assets | 22/27 | €65,865,013 | €63,425,634 | -€2.4m | -3.7% |
| Land and buildings | 22 | €42,016,060 | €38,465,831 | -€3.6m | -8.4% |
| Other tangible fixed assets | 26 | €13,900,771 | €14,162,656 | +€261,885 | +1.9% |
| Assets under construction and advance payments | 27 | €9,948,182 | €10,797,146 | +€848,965 | +8.5% |
| Financial fixed assets | 28 | €4,753,922 | €3,018,498 | -€1.7m | -36.5% |
| Affiliated companies | 280/1 | - | €3,018,498 | +€3.0m | |
| Participating interests | 280 | - | €3,018,498 | +€3.0m | |
| Current assets | 29/58 | €13,149,371 | €24,383,402 | +€11.2m | +85.4% |
| Amounts receivable after more than one year | 29 | €4,287,533 | €2,737,533 | -€1.6m | -36.2% |
| Other amounts receivable | 291 | €4,287,533 | €2,737,533 | -€1.6m | -36.2% |
| Amounts receivable within one year | 40/41 | €244,907 | €341,535 | +€96,628 | +39.5% |
| Other amounts receivable | 41 | €244,907 | €341,535 | +€96,628 | +39.5% |
| Current investments | 50/53 | €7,676,272 | €20,726,272 | +€13.1m | +170.0% |
| Cash at bank and in hand | 54/58 | €615,285 | €527,974 | -€87,311 | -14.2% |
| Deferred charges and accrued income | 490/1 | €325,374 | €50,088 | -€275,286 | -84.6% |
| Total equity and liabilities | 10/49 | €83,768,306 | €90,827,534 | +€7.1m | +8.4% |
| Equity | 10/15 | €75,747,017 | €83,671,209 | +€7.9m | +10.5% |
| Contributions | 10/11 | €24,673,426 | €24,673,426 | -€0 | 0.0% |
| Capital | 10 | €24,673,426 | €24,673,426 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €51,073,590 | €58,544,415 | +€7.5m | +14.6% |
| Investment grants | 15 | - | €453,367 | +€453,367 | |
| Amounts payable | 17/49 | €8,021,289 | €7,156,325 | -€864,964 | -10.8% |
| Amounts payable after more than one year | 17 | €6,550,275 | €5,493,715 | -€1.1m | -16.1% |
| Financial debts | 170/4 | €6,512,659 | €5,456,099 | -€1.1m | -16.2% |
| Credit institutions | 173 | - | €5,456,099 | +€5.5m | |
| Other amounts payable | 178/9 | €37,616 | €37,616 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,471,014 | €1,662,610 | +€191,596 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €1,059,922 | €1,047,893 | -€12,029 | -1.1% |
| Trade debts | 44 | €103,857 | €271,205 | +€167,348 | +161.1% |
| Suppliers | 440/4 | €103,857 | €271,205 | +€167,348 | +161.1% |
| Taxes, remuneration and social security | 45 | €261,254 | €272,716 | +€11,463 | +4.4% |
| Taxes | 450/3 | €261,254 | €272,716 | +€11,463 | +4.4% |
| Operating income | 70/76A | - | €13,015,015 | +€13.0m | |
| Membership fees, donations, legacies and grants | 73 | - | €6,866,744 | +€6.9m | |
| Other operating income | 74 | - | €3,990,614 | +€4.0m | |
| Non-recurring operating income | 76A | €708,701 | €2,157,657 | +€1.4m | +204.5% |
| Operating charges | 60/66A | - | €4,075,270 | +€4.1m | |
| Services and other goods | 61 | - | €955,686 | +€955,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,992,051 | €1,936,690 | -€55,361 | -2.8% |
| Other operating charges | 640/8 | €505,132 | €552,894 | +€47,762 | +9.5% |
| Non-recurring operating charges | 66A | €450,000 | €630,000 | +€180,000 | +40.0% |
| Gross operating margin | 9900 | €11,749,006 | - | -€11.7m | |
| Operating profit (loss) | 9901 | €8,801,823 | €8,939,745 | +€137,923 | +1.6% |
| Financial income | 75/76B | €514,218 | €314,541 | -€199,677 | -38.8% |
| Recurring financial income | 75 | €288,968 | €314,541 | +€25,573 | +8.8% |
| Income from current assets | 751 | - | €314,541 | +€314,541 | |
| Non-recurring financial income | 76B | €225,250 | - | -€225,250 | |
| Financial charges | 65/66B | €54,293 | €1,783,462 | +€1.7m | +3184.9% |
| Recurring financial charges | 65 | €54,293 | €48,038 | -€6,255 | -11.5% |
| Debt charges | 650 | - | €48,038 | +€48,038 | |
| Non-recurring financial charges | 66B | - | €1,735,424 | +€1.7m | |
| Profit (loss) for the period before taxes | 9903 | €9,261,748 | €7,470,825 | -€1.8m | -19.3% |
| Profit (loss) for the period | 9904 | €9,261,748 | €7,470,825 | -€1.8m | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,261,748 | €7,470,825 | -€1.8m | -19.3% |
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 9 October 2026 via checked.be.