HELDER PLAN: 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.
HELDER PLAN
Largest movements
- Receivables within one year +€582,226
up €582,226 (+61.7%), from €943,595 to €1.5m
of which Other amounts receivable: +€584,036
- Cash -€425,440
down €425,440 (-56.8%), from €749,489 to €324,049
mainly Contributions, distributions and other (-€1.0m) and Receivables within one year (-€582,226)
- Deferred charges and accrued income +€61,192
up €61,192 (+22.1%), from €277,102 to €338,295
- Tangible fixed assets +€58,141
up €58,141 (+219.4%), from €26,502 to €84,643
- Intangible fixed assets -€41,593
down €41,593 (-47.5%), from €87,506 to €45,913
- Other debts +€100,055
up €100,055 (+11.1%), from €902,118 to €1.0m
- Reserves +€53,925
up €53,925 (+7.6%), from €709,784 to €763,709
- Tax, wage and social debts +€49,370
up €49,370 (+22.5%), from €219,082 to €268,452
of which Taxes: +€45,201
- Debts after one year +€30,304
up €30,304, from €0 to €30,304
- Gross operating margin +€194,103
up €194,103 (+10.7%), from €1.8m to €2.0m
- Taxes +€40,896
up €40,896 (+12.6%), from €324,148 to €365,044
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 | €2,114,581 | €2,357,188 | +€242,607 | +11.5% |
| Fixed assets | 21/28 | €114,008 | €130,556 | +€16,547 | +14.5% |
| Intangible fixed assets | 21 | €87,506 | €45,913 | -€41,593 | -47.5% |
| Tangible fixed assets | 22/27 | €26,502 | €84,643 | +€58,141 | +219.4% |
| Furniture and vehicles | 24 | €26,502 | €84,643 | +€58,141 | +219.4% |
| Current assets | 29/58 | €2,000,572 | €2,226,632 | +€226,060 | +11.3% |
| Amounts receivable within one year | 40/41 | €943,595 | €1,525,820 | +€582,226 | +61.7% |
| Trade receivables | 40 | €912,050 | €910,240 | -€1,810 | -0.2% |
| Other amounts receivable | 41 | €31,545 | €615,580 | +€584,036 | +1851.4% |
| Current investments | 50/53 | €30,387 | €38,468 | +€8,081 | +26.6% |
| Cash at bank and in hand | 54/58 | €749,489 | €324,049 | -€425,440 | -56.8% |
| Deferred charges and accrued income | 490/1 | €277,102 | €338,295 | +€61,192 | +22.1% |
| Total equity and liabilities | 10/49 | €2,114,581 | €2,357,188 | +€242,607 | +11.5% |
| Equity | 10/15 | €722,185 | €776,110 | +€53,925 | +7.5% |
| Contributions | 10/11 | €12,401 | €12,401 | = | 0.0% |
| Reserves | 13 | €709,784 | €763,709 | +€53,925 | +7.6% |
| Distributable reserves | 133 | €709,784 | €763,709 | +€53,925 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €40,087 | €47,018 | +€6,931 | +17.3% |
| Provisions for liabilities and charges | 160/5 | €40,087 | €47,018 | +€6,931 | +17.3% |
| Other liabilities and charges | 164/5 | €40,087 | €47,018 | +€6,931 | +17.3% |
| Amounts payable | 17/49 | €1,352,309 | €1,534,061 | +€181,751 | +13.4% |
| Amounts payable after more than one year | 17 | €0 | €30,304 | +€30,304 | |
| Financial debts | 170/4 | €0 | €30,304 | +€30,304 | |
| Amounts payable within one year | 42/48 | €1,231,569 | €1,387,381 | +€155,812 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,490 | €11,068 | -€3,422 | -23.6% |
| Trade debts | 44 | €95,879 | €105,688 | +€9,808 | +10.2% |
| Suppliers | 440/4 | €95,879 | €105,688 | +€9,808 | +10.2% |
| Taxes, remuneration and social security | 45 | €219,082 | €268,452 | +€49,370 | +22.5% |
| Taxes | 450/3 | €159,137 | €204,338 | +€45,201 | +28.4% |
| Remuneration and social security | 454/9 | €59,945 | €64,114 | +€4,169 | +7.0% |
| Other amounts payable | 47/48 | €902,118 | €1,002,173 | +€100,055 | +11.1% |
| Accrued charges and deferred income | 492/3 | €120,740 | €116,375 | -€4,365 | -3.6% |
| Remuneration, social security and pensions | 62 | €500,118 | €508,346 | +€8,227 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,643 | €69,298 | +€5,656 | +8.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,411 | €6,931 | -€8,480 | -55.0% |
| Other operating charges | 640/8 | €6,937 | €7,313 | +€377 | +5.4% |
| Gross operating margin | 9900 | €1,816,244 | €2,010,347 | +€194,103 | +10.7% |
| Operating profit (loss) | 9901 | €1,230,135 | €1,418,458 | +€188,323 | +15.3% |
| Financial income | 75/76B | €5,853 | €4,371 | -€1,482 | -25.3% |
| Recurring financial income | 75 | €5,853 | €4,371 | -€1,482 | -25.3% |
| Financial charges | 65/66B | €4,505 | €3,861 | -€644 | -14.3% |
| Recurring financial charges | 65 | €4,505 | €3,861 | -€644 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €1,231,483 | €1,418,969 | +€187,486 | +15.2% |
| Income taxes | 67/77 | €324,148 | €365,044 | +€40,896 | +12.6% |
| Profit (loss) for the period | 9904 | €907,335 | €1,053,925 | +€146,589 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €907,335 | €1,053,925 | +€146,589 | +16.2% |
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 7 October 2026 via checked.be.