HELAXA: 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.
What changed
HELAXA
NACE 46.841, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€74,407
2024 · -€177,727+€103,320
Equity
€3.3m
2024 · €3.3m-€74,407
Cash
€209,920
2024 · €197,833+€12,087
Balance sheet total
€13.4m
2024 · €14.0m-€556,941
Largest movements
Assets
- Receivables within one year -€449,368
down €449,368 (-28.0%), from €1.6m to €1.2m
of which Other amounts receivable: -€253,222
- Financial fixed assets -€202,607
down €202,607 (-6.6%), from €3.1m to €2.9m
of which Affiliated companies: -€190,607
Equity and liabilities
- Current portion of long-term debt -€339,364
down €339,364 (-39.9%), from €850,720 to €511,356
- Debts after one year -€318,047
down €318,047 (-15.2%), from €2.1m to €1.8m
of which Financial debts: -€482,753
- Trade debts +€191,647
up €191,647 (+7.4%), from €2.6m to €2.8m
Income statement
- Turnover +€1.3m
up €1.3m (+10.0%), from €12.7m to €14.0m
- Goods and materials +€861,116
up €861,116 (+7.9%), from €11.0m to €11.8m
of which Purchases: +€1.4m
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
-€177,727
Turnover
+€1.3m
Other operating income
+€126,555
Goods and materials
-€861,116
Services and other goods
-€106,063
Staff costs
-€48,832
Depreciation
-€113,799
Other operating charges
-€95
Other operating items
+€12,467
Financial income
-€52,064
Financial charges
-€134,309
Taxes
+€1,366
Result 2025
-€74,407
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
+€612,711
Investment
+€106,787
Financing
-€707,411
Cash 2024
€197,833
From operations (derived)
+€612,711
Net result for the year
-€74,407
Depreciation
+€196,416
Receivables after one year
-€21,342
Stocks and contracts
-€86,921
Receivables within one year
+€449,368
Deferred charges and accrued income
-€75,280
Trade debts
+€191,647
Tax, wage and social debts
+€3,230
Other debts
+€30,000
Investment (derived)
+€106,787
Investment in fixed assets (net)
+€106,787
Financing
-€707,411
Debts after one year
-€318,047
Current portion of long-term debt
-€339,364
Short-term financial debts
-€50,000
Cash 2025
€209,920
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,980,711 | €13,423,770 | -€556,941 | -4.0% |
| Fixed assets | 21/28 | €5,931,553 | €5,628,350 | -€303,203 | -5.1% |
| Intangible fixed assets | 21 | €40,924 | €39,571 | -€1,353 | -3.3% |
| Tangible fixed assets | 22/27 | €2,810,100 | €2,710,857 | -€99,243 | -3.5% |
| Land and buildings | 22 | €59,697 | €55,857 | -€3,840 | -6.4% |
| Plant, machinery and equipment | 23 | €52,484 | €55,836 | +€3,352 | +6.4% |
| Furniture and vehicles | 24 | €5,892 | €3,586 | -€2,306 | -39.1% |
| Leasing and similar rights | 25 | €2,640,107 | €2,537,248 | -€102,859 | -3.9% |
| Other tangible fixed assets | 26 | €51,920 | €58,330 | +€6,410 | +12.3% |
| Financial fixed assets | 28 | €3,080,529 | €2,877,922 | -€202,607 | -6.6% |
| Affiliated companies | 280/1 | €3,068,239 | €2,877,632 | -€190,607 | -6.2% |
| Participating interests | 280 | €1,407,500 | €1,407,500 | = | 0.0% |
| Amounts receivable | 281 | €1,660,739 | €1,470,132 | -€190,607 | -11.5% |
| Companies linked by participating interests | 282/3 | €12,000 | - | -€12,000 | |
| Amounts receivable | 283 | €12,000 | - | -€12,000 | |
| Other financial fixed assets | 284/8 | €290 | €290 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €8,049,158 | €7,795,420 | -€253,738 | -3.2% |
| Amounts receivable after more than one year | 29 | €256,237 | €277,579 | +€21,342 | +8.3% |
| Other amounts receivable | 291 | €256,237 | €277,579 | +€21,342 | +8.3% |
| Stocks and contracts in progress | 3 | €4,190,525 | €4,277,446 | +€86,921 | +2.1% |
| Stocks | 30/36 | €4,190,525 | €4,277,446 | +€86,921 | +2.1% |
| Raw materials and consumables | 30/31 | €4,190,525 | - | -€4.2m | |
| Goods purchased for resale | 34 | - | €4,277,446 | +€4.3m | |
| Amounts receivable within one year | 40/41 | €1,604,682 | €1,155,314 | -€449,368 | -28.0% |
| Trade receivables | 40 | €1,260,852 | €1,064,706 | -€196,146 | -15.6% |
| Other amounts receivable | 41 | €343,830 | €90,608 | -€253,222 | -73.6% |
| Current investments | 50/53 | €1,500,000 | €1,500,000 | = | 0.0% |
| Own shares | 50 | €1,500,000 | €1,500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €197,833 | €209,920 | +€12,087 | +6.1% |
| Deferred charges and accrued income | 490/1 | €299,881 | €375,161 | +€75,280 | +25.1% |
| Total equity and liabilities | 10/49 | €13,980,711 | €13,423,770 | -€556,941 | -4.0% |
| Equity | 10/15 | €3,345,900 | €3,271,493 | -€74,407 | -2.2% |
| Contributions | 10/11 | €720,000 | €720,000 | = | 0.0% |
| Reserves | 13 | €2,803,627 | €2,803,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500,000 | €1,500,000 | = | 0.0% |
| Own shares acquired | 1312 | €1,500,000 | €1,500,000 | = | 0.0% |
| Distributable reserves | 133 | €1,303,627 | €1,303,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,727 | -€252,134 | -€74,407 | -41.9% |
| Amounts payable | 17/49 | €10,634,811 | €10,152,277 | -€482,534 | -4.5% |
| Amounts payable after more than one year | 17 | €2,091,268 | €1,773,221 | -€318,047 | -15.2% |
| Financial debts | 170/4 | €1,984,157 | €1,501,404 | -€482,753 | -24.3% |
| Subordinated loans | 170 | - | €251,817 | +€251,817 | |
| Leasing and similar obligations | 172 | €1,644,840 | €1,126,637 | -€518,203 | -31.5% |
| Credit institutions | 173 | €339,317 | €122,950 | -€216,367 | -63.8% |
| Other amounts payable | 178/9 | €107,111 | €271,817 | +€164,706 | +153.8% |
| Amounts payable within one year | 42/48 | €8,543,543 | €8,379,056 | -€164,487 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €850,720 | €511,356 | -€339,364 | -39.9% |
| Financial debts | 43 | €5,050,000 | €5,000,000 | -€50,000 | -1.0% |
| Credit institutions | 430/8 | €5,050,000 | €5,000,000 | -€50,000 | -1.0% |
| Trade debts | 44 | €2,591,820 | €2,783,467 | +€191,647 | +7.4% |
| Suppliers | 440/4 | €2,591,820 | €2,783,467 | +€191,647 | +7.4% |
| Taxes, remuneration and social security | 45 | €51,003 | €54,233 | +€3,230 | +6.3% |
| Taxes | 450/3 | €100 | - | -€100 | |
| Remuneration and social security | 454/9 | €50,903 | €54,233 | +€3,330 | +6.5% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Operating income | 70/76A | €12,799,555 | €14,205,156 | +€1.4m | +11.0% |
| Turnover | 70 | €12,748,125 | €14,027,335 | +€1.3m | +10.0% |
| Other operating income | 74 | €51,266 | €177,821 | +€126,555 | +246.9% |
| Non-recurring operating income | 76A | €164 | - | -€164 | |
| Operating charges | 60/66A | €12,644,302 | €13,761,576 | +€1.1m | +8.8% |
| Goods for resale, raw materials and consumables | 60 | €10,954,376 | €11,815,492 | +€861,116 | +7.9% |
| Purchases | 600/8 | €10,528,966 | €11,902,413 | +€1.4m | +13.0% |
| Change in stocks: decrease (increase) | 609 | €425,410 | -€86,921 | -€512,331 | |
| Services and other goods | 61 | €998,694 | €1,104,757 | +€106,063 | +10.6% |
| Remuneration, social security and pensions | 62 | €567,851 | €616,683 | +€48,832 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,617 | €196,416 | +€113,799 | +137.7% |
| Other operating charges | 640/8 | €28,133 | €28,228 | +€95 | +0.3% |
| Non-recurring operating charges | 66A | €12,631 | - | -€12,631 | |
| Operating profit (loss) | 9901 | €155,253 | €443,580 | +€288,327 | +185.7% |
| Financial income | 75/76B | €84,343 | €32,279 | -€52,064 | -61.7% |
| Recurring financial income | 75 | €84,343 | €32,279 | -€52,064 | -61.7% |
| Income from current assets | 751 | €7,221 | €3,104 | -€4,117 | -57.0% |
| Other financial income | 752/9 | €77,122 | €29,175 | -€47,947 | -62.2% |
| Financial charges | 65/66B | €415,598 | €549,907 | +€134,309 | +32.3% |
| Recurring financial charges | 65 | €415,598 | €549,907 | +€134,309 | +32.3% |
| Debt charges | 650 | €389,077 | €383,931 | -€5,146 | -1.3% |
| Other financial charges | 652/9 | €26,521 | €165,976 | +€139,455 | +525.8% |
| Profit (loss) for the period before taxes | 9903 | -€176,002 | -€74,048 | +€101,954 | +57.9% |
| Income taxes | 67/77 | €1,725 | €359 | -€1,366 | -79.2% |
| Taxes | 670/3 | €1,725 | €359 | -€1,366 | -79.2% |
| Profit (loss) for the period | 9904 | -€177,727 | -€74,407 | +€103,320 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,727 | -€74,407 | +€103,320 | +58.1% |
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 11 October 2026 via checked.be.