HELDER: 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.
HELDER
Largest movements
- Cash +€148,607
up €148,607 (+824.1%), from €18,032 to €166,640
mainly Trade debts (+€237,520) and Net result for the year (+€93,509)
- Receivables within one year +€120,597
up €120,597 (+118.2%), from €102,027 to €222,623
of which Trade receivables: +€97,084
- Deferred charges and accrued income -€72,098
down €72,098 (-88.6%), from €81,348 to €9,250
- Trade debts +€237,520
up €237,520 (+761.0%), from €31,212 to €268,732
- Accrued charges and deferred income -€110,683
down €110,683 (-91.9%), from €120,426 to €9,743
- Other debts +€49,503
up €49,503 (+162.3%), from €30,497 to €80,000
- Profit (loss) carried forward +€13,509
up €13,509 (+119.0%), from €11,352 to €24,861
- Tax, wage and social debts +€6,774
up €6,774 (+238.7%), from €2,838 to €9,612
- Gross operating margin +€51,806
up €51,806 (+112.2%), from €46,163 to €97,969
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 | €202,324 | €398,947 | +€196,623 | +97.2% |
| Formation expenses | 20 | €161 | - | -€161 | |
| Fixed assets | 21/28 | €756 | €434 | -€321 | -42.5% |
| Tangible fixed assets | 22/27 | €756 | €434 | -€321 | -42.5% |
| Furniture and vehicles | 24 | €756 | €434 | -€321 | -42.5% |
| Current assets | 29/58 | €201,407 | €398,513 | +€197,106 | +97.9% |
| Amounts receivable within one year | 40/41 | €102,027 | €222,623 | +€120,597 | +118.2% |
| Trade receivables | 40 | €94,409 | €191,492 | +€97,084 | +102.8% |
| Other amounts receivable | 41 | €7,618 | €31,131 | +€23,513 | +308.7% |
| Cash at bank and in hand | 54/58 | €18,032 | €166,640 | +€148,607 | +824.1% |
| Deferred charges and accrued income | 490/1 | €81,348 | €9,250 | -€72,098 | -88.6% |
| Total equity and liabilities | 10/49 | €202,324 | €398,947 | +€196,623 | +97.2% |
| Equity | 10/15 | €17,352 | €30,861 | +€13,509 | +77.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,352 | €24,861 | +€13,509 | +119.0% |
| Amounts payable | 17/49 | €184,972 | €368,086 | +€183,114 | +99.0% |
| Amounts payable within one year | 42/48 | €64,547 | €358,343 | +€293,796 | +455.2% |
| Trade debts | 44 | €31,212 | €268,732 | +€237,520 | +761.0% |
| Suppliers | 440/4 | €31,212 | €268,732 | +€237,520 | +761.0% |
| Taxes, remuneration and social security | 45 | €2,838 | €9,612 | +€6,774 | +238.7% |
| Taxes | 450/3 | €2,838 | €9,612 | +€6,774 | +238.7% |
| Other amounts payable | 47/48 | €30,497 | €80,000 | +€49,503 | +162.3% |
| Accrued charges and deferred income | 492/3 | €120,426 | €9,743 | -€110,683 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,454 | €483 | -€971 | -66.8% |
| Other operating charges | 640/8 | - | €494 | +€494 | |
| Gross operating margin | 9900 | €46,163 | €97,969 | +€51,806 | +112.2% |
| Operating profit (loss) | 9901 | €44,710 | €96,993 | +€52,283 | +116.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €530 | €106 | -€425 | -80.1% |
| Recurring financial charges | 65 | €530 | €106 | -€425 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €44,190 | €96,887 | +€52,697 | +119.3% |
| Income taxes | 67/77 | €2,838 | €3,377 | +€539 | +19.0% |
| Profit (loss) for the period | 9904 | €41,352 | €93,509 | +€52,158 | +126.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,352 | €93,509 | +€52,158 | +126.1% |
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 9 October 2026 via checked.be.