HELCON GROUP: 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.
HELCON GROUP
Largest movements
- Tangible fixed assets -€45,145
down €45,145 (-14.7%), from €307,456 to €262,311
of which Other tangible fixed assets: -€38,382
- Receivables within one year +€37,330
up €37,330 (+119.6%), from €31,203 to €68,534
of which Other amounts receivable: +€39,060
- Cash -€9,815
down €9,815 (-13.9%), from €70,793 to €60,979
mainly Debts after one year (-€37,384) and Receivables within one year (-€37,330)
- Debts after one year -€37,384
down €37,384 (-30.7%), from €121,668 to €84,284
- Trade debts +€30,791
up €30,791 (+30.6%), from €100,701 to €131,493
- Current portion of long-term debt -€11,987
down €11,987 (-24.3%), from €49,371 to €37,384
- Tax, wage and social debts -€5,956
down €5,956 (-19.5%), from €30,605 to €24,649
of which Remuneration and social security: -€27,079
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€639,957
new in 2025: €639,957
- Gross operating margin +€180,539
up €180,539 (+57.7%), from €313,159 to €493,698
- Staff costs +€128,316
up €128,316 (+45.6%), from €281,655 to €409,971
- Depreciation +€23,185
up €23,185 (+78.8%), from €29,426 to €52,611
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,968 | €412,289 | -€19,680 | -4.6% |
| Fixed assets | 21/28 | €309,506 | €262,311 | -€47,195 | -15.2% |
| Tangible fixed assets | 22/27 | €307,456 | €262,311 | -€45,145 | -14.7% |
| Plant, machinery and equipment | 23 | €18,532 | €10,547 | -€7,985 | -43.1% |
| Furniture and vehicles | 24 | €2,429 | €3,650 | +€1,221 | +50.3% |
| Other tangible fixed assets | 26 | €286,495 | €248,113 | -€38,382 | -13.4% |
| Financial fixed assets | 28 | €2,050 | - | -€2,050 | |
| Current assets | 29/58 | €122,463 | €149,978 | +€27,516 | +22.5% |
| Stocks and contracts in progress | 3 | €20,466 | €20,466 | = | 0.0% |
| Stocks | 30/36 | €20,466 | €20,466 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,203 | €68,534 | +€37,330 | +119.6% |
| Trade receivables | 40 | €1,921 | €191 | -€1,730 | -90.1% |
| Other amounts receivable | 41 | €29,282 | €68,343 | +€39,060 | +133.4% |
| Cash at bank and in hand | 54/58 | €70,793 | €60,979 | -€9,815 | -13.9% |
| Total equity and liabilities | 10/49 | €431,968 | €412,289 | -€19,680 | -4.6% |
| Equity | 10/15 | €79,623 | €82,813 | +€3,190 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €78,572 | €78,572 | = | 0.0% |
| Distributable reserves | 133 | €78,572 | €78,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,149 | -€1,959 | +€3,190 | +62.0% |
| Amounts payable | 17/49 | €352,345 | €329,476 | -€22,869 | -6.5% |
| Amounts payable after more than one year | 17 | €121,668 | €84,284 | -€37,384 | -30.7% |
| Financial debts | 170/4 | €121,668 | €84,284 | -€37,384 | -30.7% |
| Amounts payable within one year | 42/48 | €230,678 | €243,525 | +€12,848 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €49,371 | €37,384 | -€11,987 | -24.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €100,701 | €131,493 | +€30,791 | +30.6% |
| Suppliers | 440/4 | €100,701 | €131,493 | +€30,791 | +30.6% |
| Taxes, remuneration and social security | 45 | €30,605 | €24,649 | -€5,956 | -19.5% |
| Taxes | 450/3 | €3,526 | €24,649 | +€21,123 | +599.1% |
| Remuneration and social security | 454/9 | €27,079 | - | -€27,079 | |
| Accrued charges and deferred income | 492/3 | - | €1,667 | +€1,667 | |
| Turnover | 70 | - | €1,131,831 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €639,957 | +€639,957 | |
| Remuneration, social security and pensions | 62 | €281,655 | €409,971 | +€128,316 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,426 | €52,611 | +€23,185 | +78.8% |
| Other operating charges | 640/8 | €1,332 | €9,568 | +€8,235 | +618.2% |
| Gross operating margin | 9900 | €313,159 | €493,698 | +€180,539 | +57.7% |
| Operating profit (loss) | 9901 | €746 | €21,549 | +€20,802 | +2787.6% |
| Financial income | 75/76B | €125 | €44 | -€81 | -64.7% |
| Recurring financial income | 75 | €125 | €44 | -€81 | -64.7% |
| Financial charges | 65/66B | €5,882 | €18,398 | +€12,516 | +212.8% |
| Recurring financial charges | 65 | €5,882 | €18,398 | +€12,516 | +212.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,011 | €3,195 | +€8,206 | |
| Income taxes | 67/77 | €138 | €5 | -€132 | -96.2% |
| Profit (loss) for the period | 9904 | -€5,149 | €3,190 | +€8,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,149 | €3,190 | +€8,338 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.