HELDER SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€69,516
up €69,516 (+7,669%), from €906 to €70,422
of which Leasing and similar rights: +€70,072
- Cash -€14,764
down €14,764 (-5.5%), from €269,239 to €254,474
mainly Investment in fixed assets (net) (-€85,803) and Contributions, distributions and other (-€59,000)
- Receivables within one year +€5,030
up €5,030 (+10.9%), from €46,101 to €51,130
of which Other amounts receivable: +€4,105
- Debts after one year +€39,539
new in 2025: €39,539
- Reserves +€12,741
up €12,741 (+4.4%), from €291,544 to €304,285
- Current portion of long-term debt +€11,763
new in 2025: €11,763
- Depreciation +€15,314
up €15,314 (+1,574%), from €973 to €16,287
- Gross operating margin +€10,548
up €10,548 (+9.7%), from €108,677 to €119,225
- Other operating charges +€5,409
up €5,409 (+597%), from €906 to €6,314
- Financial charges +€2,039
up €2,039 (+4,687%), from €44 to €2,082
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 | €316,864 | €378,725 | +€61,860 | +19.5% |
| Fixed assets | 21/28 | €906 | €70,422 | +€69,516 | +7,669% |
| Tangible fixed assets | 22/27 | €906 | €70,422 | +€69,516 | +7,669% |
| Plant, machinery and equipment | 23 | €906 | €350 | -€556 | -61.4% |
| Leasing and similar rights | 25 | - | €70,072 | +€70,072 | |
| Current assets | 29/58 | €315,958 | €308,302 | -€7,656 | -2.4% |
| Amounts receivable within one year | 40/41 | €46,101 | €51,130 | +€5,030 | +10.9% |
| Trade receivables | 40 | €31,450 | €32,375 | +€925 | +2.9% |
| Other amounts receivable | 41 | €14,651 | €18,755 | +€4,105 | +28.0% |
| Cash at bank and in hand | 54/58 | €269,239 | €254,474 | -€14,764 | -5.5% |
| Deferred charges and accrued income | 490/1 | €619 | €2,698 | +€2,079 | +336% |
| Total equity and liabilities | 10/49 | €316,864 | €378,725 | +€61,860 | +19.5% |
| Equity | 10/15 | €310,144 | €322,885 | +€12,741 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,544 | €304,285 | +€12,741 | +4.4% |
| Distributable reserves | 133 | €291,544 | €304,285 | +€12,741 | +4.4% |
| Amounts payable | 17/49 | €6,720 | €55,839 | +€49,119 | +731% |
| Amounts payable after more than one year | 17 | - | €39,539 | +€39,539 | |
| Financial debts | 170/4 | - | €39,539 | +€39,539 | |
| Amounts payable within one year | 42/48 | €6,720 | €16,301 | +€9,581 | +143% |
| Current portion of amounts payable after more than one year | 42 | - | €11,763 | +€11,763 | |
| Trade debts | 44 | €1,864 | €3,178 | +€1,314 | +70.5% |
| Suppliers | 440/4 | €1,864 | €3,178 | +€1,314 | +70.5% |
| Taxes, remuneration and social security | 45 | €1,348 | €1,359 | +€11 | +0.8% |
| Remuneration and social security | 454/9 | €1,348 | €1,359 | +€11 | +0.8% |
| Other amounts payable | 47/48 | €3,508 | - | -€3,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €16,287 | +€15,314 | +1,574% |
| Other operating charges | 640/8 | €906 | €6,314 | +€5,409 | +597% |
| Gross operating margin | 9900 | €108,677 | €119,225 | +€10,548 | +9.7% |
| Operating profit (loss) | 9901 | €106,798 | €96,624 | -€10,174 | -9.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €2,082 | +€2,039 | +4,687% |
| Recurring financial charges | 65 | €44 | €2,082 | +€2,039 | +4,687% |
| Profit (loss) for the period before taxes | 9903 | €106,755 | €94,542 | -€12,213 | -11.4% |
| Income taxes | 67/77 | €22,778 | €22,801 | +€22 | +0.1% |
| Profit (loss) for the period | 9904 | €83,976 | €71,741 | -€12,235 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,976 | €71,741 | -€12,235 | -14.6% |
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 13 October 2026 via checked.be.