HELANPA: 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.
HELANPA
Largest movements
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash -€63,374
down €63,374 (-71.5%), from €88,669 to €25,295
mainly Other debts (-€560,463) and Receivables within one year (-€43,482)
- Receivables within one year +€43,482
up €43,482 (+5.1%), from €858,222 to €901,704
- Other debts -€560,463
down €560,463 (-93.8%), from €597,569 to €37,106
- Debts after one year +€325,800
up €325,800 (+66.3%), from €491,206 to €817,005
- Reserves +€19,875
up €19,875 (+24.1%), from €82,300 to €102,176
- Gross operating margin +€48,890
up €48,890 (+171%), from €28,520 to €77,410
- Financial charges -€28,119
down €28,119 (-80.4%), from €34,993 to €6,873
- Taxes +€10,138
up €10,138, from -€1 to €10,137
- Depreciation -€7,903
down €7,903 (-98.6%), from €8,016 to €113
- Financial income -€4,542
down €4,542 (-91.1%), from €4,983 to €442
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.
Derived cash bridge
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 | €1,379,337 | €1,158,481 | -€220,856 | -16.0% |
| Fixed assets | 21/28 | €228,625 | €228,513 | -€113 | 0.0% |
| Tangible fixed assets | 22/27 | €228,625 | €228,513 | -€113 | 0.0% |
| Land and buildings | 22 | €228,625 | €228,513 | -€113 | 0.0% |
| Current assets | 29/58 | €1,150,711 | €929,968 | -€220,743 | -19.2% |
| Amounts receivable within one year | 40/41 | €858,222 | €901,704 | +€43,482 | +5.1% |
| Other amounts receivable | 41 | €858,222 | €901,704 | +€43,482 | +5.1% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €88,669 | €25,295 | -€63,374 | -71.5% |
| Deferred charges and accrued income | 490/1 | €3,820 | €2,969 | -€851 | -22.3% |
| Total equity and liabilities | 10/49 | €1,379,337 | €1,158,481 | -€220,856 | -16.0% |
| Equity | 10/15 | €273,300 | €293,176 | +€19,875 | +7.3% |
| Contributions | 10/11 | €191,000 | €191,000 | = | 0.0% |
| Reserves | 13 | €82,300 | €102,176 | +€19,875 | +24.1% |
| Distributable reserves | 133 | €82,300 | €102,176 | +€19,875 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,106,036 | €865,305 | -€240,731 | -21.8% |
| Amounts payable after more than one year | 17 | €491,206 | €817,005 | +€325,800 | +66.3% |
| Other amounts payable | 178/9 | €491,206 | €817,005 | +€325,800 | +66.3% |
| Amounts payable within one year | 42/48 | €613,477 | €46,946 | -€566,531 | -92.3% |
| Trade debts | 44 | €15,907 | €9,339 | -€6,568 | -41.3% |
| Suppliers | 440/4 | €15,907 | €9,339 | -€6,568 | -41.3% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Taxes | 450/3 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €597,569 | €37,106 | -€560,463 | -93.8% |
| Accrued charges and deferred income | 492/3 | €1,354 | €1,354 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €113 | -€7,903 | -98.6% |
| Other operating charges | 640/8 | €9,921 | €10,231 | +€310 | +3.1% |
| Gross operating margin | 9900 | €28,520 | €77,410 | +€48,890 | +171% |
| Operating profit (loss) | 9901 | €10,583 | €67,066 | +€56,483 | +534% |
| Financial income | 75/76B | €4,983 | €442 | -€4,542 | -91.1% |
| Recurring financial income | 75 | €4,983 | €442 | -€4,542 | -91.1% |
| Financial charges | 65/66B | €34,993 | €6,873 | -€28,119 | -80.4% |
| Recurring financial charges | 65 | €34,993 | €6,873 | -€28,119 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,426 | €60,635 | +€80,061 | |
| Income taxes | 67/77 | -€1 | €10,137 | +€10,138 | |
| Profit (loss) for the period | 9904 | -€19,425 | €50,497 | +€69,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,425 | €50,497 | +€69,922 |
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 29 October 2026 via checked.be.