Helanor: 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.
Helanor
Largest movements
- Cash -€30,528
down €30,528 (-20.2%), from €151,007 to €120,479
mainly Contributions, distributions and other (-€55,000) and Current investments (-€26,446)
- Current investments +€26,446
up €26,446 (+35.2%), from €75,083 to €101,529
- Reserves +€11,979
up €11,979 (+5.6%), from €214,891 to €226,870
of which Distributable reserves: +€11,979
- Other debts -€9,347
down €9,347 (-85.2%), from €10,969 to €1,622
- Tax, wage and social debts -€8,043
down €8,043 (-48.3%), from €16,658 to €8,615
- Gross operating margin -€19,623
down €19,623 (-20.6%), from €95,075 to €75,452
- Financial income +€8,055
up €8,055 (+318%), from €2,537 to €10,592
- Taxes -€2,538
down €2,538 (-12.8%), from €19,804 to €17,266
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,659 | €243,253 | -€5,406 | -2.2% |
| Fixed assets | 21/28 | €695 | - | -€695 | |
| Tangible fixed assets | 22/27 | €695 | - | -€695 | |
| Furniture and vehicles | 24 | €695 | - | -€695 | |
| Current assets | 29/58 | €247,964 | €243,253 | -€4,711 | -1.9% |
| Amounts receivable within one year | 40/41 | €19,180 | €18,257 | -€923 | -4.8% |
| Trade receivables | 40 | €19,180 | €17,242 | -€1,938 | -10.1% |
| Other amounts receivable | 41 | - | €1,015 | +€1,015 | |
| Current investments | 50/53 | €75,083 | €101,529 | +€26,446 | +35.2% |
| Cash at bank and in hand | 54/58 | €151,007 | €120,479 | -€30,528 | -20.2% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,988 | +€294 | +10.9% |
| Total equity and liabilities | 10/49 | €248,659 | €243,253 | -€5,406 | -2.2% |
| Equity | 10/15 | €219,891 | €231,870 | +€11,979 | +5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €214,891 | €226,870 | +€11,979 | +5.6% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €214,391 | €226,370 | +€11,979 | +5.6% |
| Amounts payable | 17/49 | €28,768 | €11,383 | -€17,385 | -60.4% |
| Amounts payable within one year | 42/48 | €28,768 | €11,383 | -€17,385 | -60.4% |
| Trade debts | 44 | €1,141 | €1,146 | +€5 | +0.4% |
| Suppliers | 440/4 | €1,141 | €1,146 | +€5 | +0.4% |
| Taxes, remuneration and social security | 45 | €16,658 | €8,615 | -€8,043 | -48.3% |
| Taxes | 450/3 | €16,658 | €8,615 | -€8,043 | -48.3% |
| Other amounts payable | 47/48 | €10,969 | €1,622 | -€9,347 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,142 | €695 | -€447 | -39.1% |
| Other operating charges | 640/8 | €1,203 | €1,009 | -€194 | -16.1% |
| Gross operating margin | 9900 | €95,075 | €75,452 | -€19,623 | -20.6% |
| Operating profit (loss) | 9901 | €92,730 | €73,748 | -€18,982 | -20.5% |
| Financial income | 75/76B | €2,537 | €10,592 | +€8,055 | +318% |
| Recurring financial income | 75 | €2,537 | €10,592 | +€8,055 | +318% |
| Financial charges | 65/66B | €203 | €95 | -€108 | -53.2% |
| Recurring financial charges | 65 | €203 | €95 | -€108 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €95,064 | €84,245 | -€10,819 | -11.4% |
| Income taxes | 67/77 | €19,804 | €17,266 | -€2,538 | -12.8% |
| Profit (loss) for the period | 9904 | €75,260 | €66,979 | -€8,281 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,260 | €66,979 | -€8,281 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.