HELCOTEX: 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.
HELCOTEX
Largest movements
- Receivables within one year +€17,645
up €17,645 (+31.8%), from €55,419 to €73,065
of which Trade receivables: +€20,653
- Stocks and contracts -€9,421
down €9,421 (-9.0%), from €105,143 to €95,723
- Tangible fixed assets -€3,834
down €3,834 (-28.4%), from €13,507 to €9,673
- Trade debts +€38,581
up €38,581 (+47.9%), from €80,543 to €119,124
of which Suppliers: +€38,532
- Reserves -€34,645
down €34,645 (-93.5%), from €37,037 to €2,393
of which Distributable reserves: -€31,645
- Tax, wage and social debts +€2,868
up €2,868 (+20.5%), from €14,007 to €16,876
of which Taxes: +€2,721
- Gross operating margin -€9,741
down €9,741 (-32.8%), from €29,704 to €19,962
- Staff costs +€6,117
up €6,117 (+16.7%), from €36,535 to €42,652
- Depreciation -€4,417
down €4,417 (-53.5%), from €8,251 to €3,834
- Financial charges +€3,990
up €3,990 (+185.5%), from €2,151 to €6,141
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 | €188,610 | €193,342 | +€4,732 | +2.5% |
| Fixed assets | 21/28 | €13,507 | €9,673 | -€3,834 | -28.4% |
| Tangible fixed assets | 22/27 | €13,507 | €9,673 | -€3,834 | -28.4% |
| Plant, machinery and equipment | 23 | €1,775 | €718 | -€1,057 | -59.5% |
| Furniture and vehicles | 24 | €2,436 | €1,516 | -€920 | -37.8% |
| Other tangible fixed assets | 26 | €9,296 | €7,439 | -€1,857 | -20.0% |
| Current assets | 29/58 | €175,103 | €183,669 | +€8,566 | +4.9% |
| Stocks and contracts in progress | 3 | €105,143 | €95,723 | -€9,421 | -9.0% |
| Stocks | 30/36 | €105,143 | €95,723 | -€9,421 | -9.0% |
| Amounts receivable within one year | 40/41 | €55,419 | €73,065 | +€17,645 | +31.8% |
| Trade receivables | 40 | €38,539 | €59,192 | +€20,653 | +53.6% |
| Other amounts receivable | 41 | €16,881 | €13,873 | -€3,008 | -17.8% |
| Cash at bank and in hand | 54/58 | €14,540 | €14,881 | +€341 | +2.3% |
| Total equity and liabilities | 10/49 | €188,610 | €193,342 | +€4,732 | +2.5% |
| Equity | 10/15 | €49,437 | €14,793 | -€34,645 | -70.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,037 | €2,393 | -€34,645 | -93.5% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €34,037 | €2,393 | -€31,645 | -93.0% |
| Amounts payable | 17/49 | €139,172 | €178,549 | +€39,377 | +28.3% |
| Amounts payable after more than one year | 17 | €36,622 | €35,751 | -€872 | -2.4% |
| Financial debts | 170/4 | €36,622 | €11,751 | -€24,872 | -67.9% |
| Other amounts payable | 178/9 | - | €24,000 | +€24,000 | |
| Amounts payable within one year | 42/48 | €102,550 | €142,799 | +€40,248 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €5,516 | €4,722 | -€794 | -14.4% |
| Trade debts | 44 | €80,543 | €119,124 | +€38,581 | +47.9% |
| Suppliers | 440/4 | €80,543 | €119,075 | +€38,532 | +47.8% |
| Bills of exchange payable | 441 | - | €49 | +€49 | |
| Advances received on contracts in progress | 46 | €49 | - | -€49 | |
| Taxes, remuneration and social security | 45 | €14,007 | €16,876 | +€2,868 | +20.5% |
| Taxes | 450/3 | €9,618 | €12,339 | +€2,721 | +28.3% |
| Remuneration and social security | 454/9 | €4,389 | €4,536 | +€147 | +3.3% |
| Other amounts payable | 47/48 | €2,435 | €2,077 | -€358 | -14.7% |
| Non-recurring operating income | 76A | €1,588 | - | -€1,588 | |
| Remuneration, social security and pensions | 62 | €36,535 | €42,652 | +€6,117 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €3,834 | -€4,417 | -53.5% |
| Other operating charges | 640/8 | €2,437 | €2,354 | -€84 | -3.4% |
| Gross operating margin | 9900 | €29,704 | €19,962 | -€9,741 | -32.8% |
| Operating profit (loss) | 9901 | -€17,520 | -€28,877 | -€11,357 | -64.8% |
| Financial income | 75/76B | €254 | €539 | +€285 | +112.1% |
| Recurring financial income | 75 | €254 | €539 | +€285 | +112.1% |
| Financial charges | 65/66B | €2,151 | €6,141 | +€3,990 | +185.5% |
| Recurring financial charges | 65 | €2,151 | €6,141 | +€3,990 | +185.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,417 | -€34,480 | -€15,063 | -77.6% |
| Income taxes | 67/77 | €384 | €165 | -€220 | -57.1% |
| Profit (loss) for the period | 9904 | -€19,801 | -€34,645 | -€14,844 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,801 | -€34,645 | -€14,844 | -75.0% |
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 1 October 2026 via checked.be.