HELBIG: 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
HELBIG
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€324,091
2024 · €313,435+€10,656
Equity
€772,028
2024 · €647,937+€124,091
Cash
€285,699
2024 · €287,484-€1,784
Balance sheet total
€1.3m
2024 · €1.5m-€157,661
Largest movements
Assets
- Receivables within one year -€83,959
down €83,959 (-19.4%), from €432,893 to €348,934
of which Other amounts receivable: -€168,477
- Tangible fixed assets -€40,367
down €40,367 (-10.1%), from €397,839 to €357,472
- Stocks and contracts -€25,321
down €25,321 (-7.0%), from €364,099 to €338,777
Equity and liabilities
- Other debts -€170,000
down €170,000 (-100.0%), from €170,000 to €0
- Reserves +€124,091
up €124,091 (+23.2%), from €536,027 to €660,118
of which Distributable reserves: +€124,091
- Debts after one year -€115,266
down €115,266 (-55.0%), from €209,568 to €94,302
- Trade debts +€83,305
up €83,305 (+70.3%), from €118,426 to €201,731
- Short-term financial debts -€41,781
down €41,781 (-70.5%), from €59,281 to €17,500
Income statement
- Write-downs -€63,475
down €63,475, from €48,878 to -€14,598
- Gross operating margin -€31,964
down €31,964 (-3.7%), from €862,555 to €830,591
- Staff costs +€27,635
up €27,635 (+9.0%), from €306,599 to €334,234
- Other operating charges -€10,479
down €10,479 (-81.7%), from €12,831 to €2,353
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
€313,435
Gross operating margin
-€31,964
Staff costs
-€27,635
Depreciation
+€5,312
Write-downs
+€63,475
Other operating charges
+€10,479
Other operating items
+€3,882
Financial income
-€2,508
Financial charges
-€7,334
Taxes
-€3,051
Result 2025
€324,091
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
+€383,160
Investment
-€11,849
Financing
-€373,095
Cash 2024
€287,484
From operations (derived)
+€383,160
Net result for the year
+€324,091
Depreciation
+€56,199
Stocks and contracts
+€25,321
Receivables within one year
+€83,959
Deferred charges and accrued income
+€2,246
Trade debts
+€83,305
Tax, wage and social debts
-€247
Other debts
-€170,000
Accrued charges and deferred income
-€21,714
Investment (derived)
-€11,849
Investment in fixed assets (net)
-€11,849
Financing
-€373,095
Debts after one year
-€115,266
Current portion of long-term debt
-€16,048
Short-term financial debts
-€41,781
Contributions, distributions and other
-€200,000
Cash 2025
€285,699
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,500,324 | €1,342,663 | -€157,661 | -10.5% |
| Fixed assets | 21/28 | €405,413 | €361,063 | -€44,350 | -10.9% |
| Intangible fixed assets | 21 | €5,774 | €3,591 | -€2,182 | -37.8% |
| Tangible fixed assets | 22/27 | €397,839 | €357,472 | -€40,367 | -10.1% |
| Plant, machinery and equipment | 23 | €69,056 | €56,751 | -€12,305 | -17.8% |
| Furniture and vehicles | 24 | €18,883 | €7,826 | -€11,057 | -58.6% |
| Other tangible fixed assets | 26 | €309,900 | €292,894 | -€17,006 | -5.5% |
| Financial fixed assets | 28 | €1,800 | €0 | -€1,800 | -100.0% |
| Current assets | 29/58 | €1,094,911 | €981,600 | -€113,311 | -10.3% |
| Stocks and contracts in progress | 3 | €364,099 | €338,777 | -€25,321 | -7.0% |
| Stocks | 30/36 | €364,099 | €338,777 | -€25,321 | -7.0% |
| Amounts receivable within one year | 40/41 | €432,893 | €348,934 | -€83,959 | -19.4% |
| Trade receivables | 40 | €252,927 | €337,445 | +€84,518 | +33.4% |
| Other amounts receivable | 41 | €179,966 | €11,489 | -€168,477 | -93.6% |
| Cash at bank and in hand | 54/58 | €287,484 | €285,699 | -€1,784 | -0.6% |
| Deferred charges and accrued income | 490/1 | €10,437 | €8,191 | -€2,246 | -21.5% |
| Total equity and liabilities | 10/49 | €1,500,324 | €1,342,663 | -€157,661 | -10.5% |
| Equity | 10/15 | €647,937 | €772,028 | +€124,091 | +19.2% |
| Contributions | 10/11 | €111,910 | €111,910 | = | 0.0% |
| Capital | 10 | €111,910 | €111,910 | = | 0.0% |
| Issued capital | 100 | €111,910 | €111,910 | = | 0.0% |
| Reserves | 13 | €536,027 | €660,118 | +€124,091 | +23.2% |
| Non-distributable reserves | 130/1 | €11,191 | €11,191 | = | 0.0% |
| Legal reserve | 130 | €11,191 | €11,191 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,603 | €57,603 | = | 0.0% |
| Distributable reserves | 133 | €467,233 | €591,324 | +€124,091 | +26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €852,387 | €570,635 | -€281,752 | -33.1% |
| Amounts payable after more than one year | 17 | €209,568 | €94,302 | -€115,266 | -55.0% |
| Financial debts | 170/4 | €209,568 | €94,302 | -€115,266 | -55.0% |
| Amounts payable within one year | 42/48 | €556,755 | €411,983 | -€144,772 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €131,314 | €115,266 | -€16,048 | -12.2% |
| Financial debts | 43 | €59,281 | €17,500 | -€41,781 | -70.5% |
| Credit institutions | 430/8 | €59,281 | €17,500 | -€41,781 | -70.5% |
| Trade debts | 44 | €118,426 | €201,731 | +€83,305 | +70.3% |
| Suppliers | 440/4 | €118,426 | €201,731 | +€83,305 | +70.3% |
| Taxes, remuneration and social security | 45 | €77,734 | €77,487 | -€247 | -0.3% |
| Taxes | 450/3 | €11,727 | €20,751 | +€9,023 | +76.9% |
| Remuneration and social security | 454/9 | €66,007 | €56,736 | -€9,271 | -14.0% |
| Other amounts payable | 47/48 | €170,000 | €0 | -€170,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €86,063 | €64,350 | -€21,714 | -25.2% |
| Remuneration, social security and pensions | 62 | €306,599 | €334,234 | +€27,635 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,511 | €56,199 | -€5,312 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,878 | -€14,598 | -€63,475 | |
| Other operating charges | 640/8 | €12,831 | €2,353 | -€10,479 | -81.7% |
| Non-recurring operating charges | 66A | €3,882 | €0 | -€3,882 | -100.0% |
| Gross operating margin | 9900 | €862,555 | €830,591 | -€31,964 | -3.7% |
| Operating profit (loss) | 9901 | €428,853 | €452,403 | +€23,550 | +5.5% |
| Financial income | 75/76B | €7,430 | €4,921 | -€2,508 | -33.8% |
| Recurring financial income | 75 | €7,430 | €4,921 | -€2,508 | -33.8% |
| Financial charges | 65/66B | €12,554 | €19,888 | +€7,334 | +58.4% |
| Recurring financial charges | 65 | €12,554 | €19,888 | +€7,334 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €423,728 | €437,435 | +€13,707 | +3.2% |
| Income taxes | 67/77 | €110,293 | €113,344 | +€3,051 | +2.8% |
| Profit (loss) for the period | 9904 | €313,435 | €324,091 | +€10,656 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €313,435 | €324,091 | +€10,656 | +3.4% |
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 4 October 2026 via checked.be.