Helder Projects: 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 Projects
Largest movements
- Tangible fixed assets +€26,581
up €26,581 (+1,505%), from €1,767 to €28,348
- Cash +€12,416
up €12,416 (+90.2%), from €13,769 to €26,185
mainly Net result for the year (+€39,774) and Tax, wage and social debts (+€4,388)
- Deferred charges and accrued income -€1,260
no longer reported in 2025 (was €1,260)
- Receivables within one year +€812
up €812 (+5.9%), from €13,673 to €14,485
of which Trade receivables: +€812
- Profit (loss) carried forward +€39,774
up €39,774 (+325%), from €12,219 to €51,993
- Tax, wage and social debts +€4,388
up €4,388 (+63.6%), from €6,904 to €11,292
of which Taxes: +€4,388
- Other debts -€3,728
down €3,728 (-60.7%), from €6,139 to €2,411
- Trade debts -€1,886
down €1,886 (-67.2%), from €2,806 to €921
- Gross operating margin +€38,917
up €38,917 (+247%), from €15,740 to €54,657
- Taxes +€7,504
up €7,504 (+235%), from €3,194 to €10,698
- Depreciation +€2,243
up €2,243 (+2,654%), from €85 to €2,327
- Financial charges +€1,153
up €1,153 (+1,011%), from €114 to €1,267
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 | €30,469 | €69,018 | +€38,549 | +127% |
| Fixed assets | 21/28 | €1,767 | €28,348 | +€26,581 | +1,505% |
| Tangible fixed assets | 22/27 | €1,767 | €28,348 | +€26,581 | +1,505% |
| Furniture and vehicles | 24 | €1,767 | €28,348 | +€26,581 | +1,505% |
| Current assets | 29/58 | €28,702 | €40,670 | +€11,968 | +41.7% |
| Amounts receivable within one year | 40/41 | €13,673 | €14,485 | +€812 | +5.9% |
| Trade receivables | 40 | €13,673 | €14,485 | +€812 | +5.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,769 | €26,185 | +€12,416 | +90.2% |
| Deferred charges and accrued income | 490/1 | €1,260 | - | -€1,260 | |
| Total equity and liabilities | 10/49 | €30,469 | €69,018 | +€38,549 | +127% |
| Equity | 10/15 | €14,619 | €54,393 | +€39,774 | +272% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,219 | €51,993 | +€39,774 | +325% |
| Amounts payable | 17/49 | €15,850 | €14,625 | -€1,225 | -7.7% |
| Amounts payable within one year | 42/48 | €15,850 | €14,625 | -€1,225 | -7.7% |
| Trade debts | 44 | €2,806 | €921 | -€1,886 | -67.2% |
| Suppliers | 440/4 | €2,806 | €921 | -€1,886 | -67.2% |
| Taxes, remuneration and social security | 45 | €6,904 | €11,292 | +€4,388 | +63.6% |
| Taxes | 450/3 | €6,904 | €11,292 | +€4,388 | +63.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,139 | €2,411 | -€3,728 | -60.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €2,327 | +€2,243 | +2,654% |
| Other operating charges | 640/8 | €128 | €591 | +€462 | +360% |
| Gross operating margin | 9900 | €15,740 | €54,657 | +€38,917 | +247% |
| Operating profit (loss) | 9901 | €15,527 | €51,739 | +€36,211 | +233% |
| Financial charges | 65/66B | €114 | €1,267 | +€1,153 | +1,011% |
| Recurring financial charges | 65 | €114 | €1,267 | +€1,153 | +1,011% |
| Profit (loss) for the period before taxes | 9903 | €15,413 | €50,472 | +€35,059 | +227% |
| Income taxes | 67/77 | €3,194 | €10,698 | +€7,504 | +235% |
| Profit (loss) for the period | 9904 | €12,219 | €39,774 | +€27,554 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €12,219 | €39,774 | +€27,554 | +225% |
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 14 October 2026 via checked.be.