HELDER GROEP: 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 GROEP
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+53.0%), from €2.7m to €4.1m
- Receivables within one year +€115,099
up €115,099 (+22.0%), from €522,500 to €637,599
of which Other amounts receivable: +€99,974
- Reserves +€1.2m
up €1.2m (+121%), from €1.0m to €2.2m
- Short-term financial debts +€300,000
new in 2025: €300,000
- Other debts +€262,474
up €262,474 (+191%), from €137,526 to €400,000
- Debts after one year -€212,500
down €212,500 (-16.7%), from €1.3m to €1.1m
- Financial income +€729,771
up €729,771 (+117%), from €625,281 to €1.4m
- Taxes +€60,112
up €60,112 (+86.9%), from €69,175 to €129,287
- Financial charges +€6,727
up €6,727 (+15.2%), from €44,142 to €50,869
- Gross operating margin +€4,875
up €4,875 (+8.2%), from €59,643 to €64,519
- Depreciation +€2,062
up €2,062 (+14.0%), from €14,722 to €16,784
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.
Derived cash bridge
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 | €3,308,503 | €4,880,502 | +€1.6m | +47.5% |
| Fixed assets | 21/28 | €2,746,761 | €4,149,528 | +€1.4m | +51.1% |
| Tangible fixed assets | 22/27 | €68,761 | €51,977 | -€16,784 | -24.4% |
| Furniture and vehicles | 24 | €68,761 | €51,977 | -€16,784 | -24.4% |
| Financial fixed assets | 28 | €2,678,000 | €4,097,551 | +€1.4m | +53.0% |
| Current assets | 29/58 | €561,743 | €730,974 | +€169,232 | +30.1% |
| Amounts receivable within one year | 40/41 | €522,500 | €637,599 | +€115,099 | +22.0% |
| Trade receivables | 40 | €0 | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €522,500 | €622,474 | +€99,974 | +19.1% |
| Cash at bank and in hand | 54/58 | €31,105 | €64,401 | +€33,296 | +107% |
| Deferred charges and accrued income | 490/1 | €8,138 | €28,974 | +€20,837 | +256% |
| Total equity and liabilities | 10/49 | €3,308,503 | €4,880,502 | +€1.6m | +47.5% |
| Equity | 10/15 | €1,522,028 | €2,742,893 | +€1.2m | +80.2% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €1,012,028 | €2,232,893 | +€1.2m | +121% |
| Distributable reserves | 133 | €1,012,028 | €2,232,893 | +€1.2m | +121% |
| Amounts payable | 17/49 | €1,786,476 | €2,137,609 | +€351,133 | +19.7% |
| Amounts payable after more than one year | 17 | €1,275,000 | €1,062,500 | -€212,500 | -16.7% |
| Other amounts payable | 178/9 | €1,275,000 | €1,062,500 | -€212,500 | -16.7% |
| Amounts payable within one year | 42/48 | €467,829 | €1,025,385 | +€557,556 | +119% |
| Current portion of amounts payable after more than one year | 42 | €212,500 | €212,500 | = | 0.0% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €1,024 | €2,426 | +€1,401 | +137% |
| Suppliers | 440/4 | €1,024 | €2,426 | +€1,401 | +137% |
| Taxes, remuneration and social security | 45 | €116,779 | €110,459 | -€6,320 | -5.4% |
| Taxes | 450/3 | €116,779 | €110,459 | -€6,320 | -5.4% |
| Other amounts payable | 47/48 | €137,526 | €400,000 | +€262,474 | +191% |
| Accrued charges and deferred income | 492/3 | €43,647 | €49,724 | +€6,078 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,722 | €16,784 | +€2,062 | +14.0% |
| Other operating charges | 640/8 | €2,965 | €1,765 | -€1,200 | -40.5% |
| Gross operating margin | 9900 | €59,643 | €64,519 | +€4,875 | +8.2% |
| Operating profit (loss) | 9901 | €41,956 | €45,969 | +€4,013 | +9.6% |
| Financial income | 75/76B | €625,281 | €1,355,052 | +€729,771 | +117% |
| Recurring financial income | 75 | €625,281 | €1,355,052 | +€729,771 | +117% |
| Financial charges | 65/66B | €44,142 | €50,869 | +€6,727 | +15.2% |
| Recurring financial charges | 65 | €44,142 | €50,869 | +€6,727 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €623,095 | €1,350,152 | +€727,058 | +117% |
| Income taxes | 67/77 | €69,175 | €129,287 | +€60,112 | +86.9% |
| Profit (loss) for the period | 9904 | €553,919 | €1,220,865 | +€666,946 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €553,919 | €1,220,865 | +€666,946 | +120% |
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 22 October 2026 via checked.be.