HELDERHOUSE: 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.
What changed
HELDERHOUSE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,433
2024 · €292,290-€219,857
Equity
€4.4m
2024 · €4.3m+€72,433
Cash
€103,331
2024 · €42,255+€61,076
Balance sheet total
€9.1m
2024 · €8.6m+€498,889
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+36.8%), from €5.7m to €7.7m
of which Land and buildings: +€2.1m
- Current investments -€2.0m
down €2.0m (-80.0%), from €2.5m to €500,000
- Receivables within one year +€354,911
up €354,911 (+85.3%), from €416,149 to €771,061
of which Other amounts receivable: +€350,312
Equity and liabilities
- Debts after one year +€389,005
up €389,005 (+12.1%), from €3.2m to €3.6m
- Profit (loss) carried forward +€155,301
up €155,301 (+5.5%), from €2.8m to €3.0m
Income statement
- Depreciation +€294,617
up €294,617 (+107%), from €276,570 to €571,187
- Taxes -€187,230
down €187,230 (-79.3%), from €236,208 to €48,978
- Financial income +€56,983
up €56,983 (+990%), from €5,755 to €62,737
- Other operating charges +€38,498
up €38,498 (+89.0%), from €43,260 to €81,758
- Gross operating margin -€21,804
down €21,804 (-3.0%), from €737,980 to €716,176
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.
Result 2024
€292,290
Gross operating margin
-€21,804
Depreciation
-€294,617
Other operating charges
-€38,498
Financial income
+€56,983
Financial charges
+€897
Taxes
+€187,230
Deferred taxes and other
-€110,049
Result 2025
€72,433
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€274,095
Investment
-€652,271
Financing
+€439,251
Cash 2024
€42,255
From operations (derived)
+€274,095
Net result for the year
+€72,433
Depreciation
+€571,187
Receivables within one year
-€354,911
Deferred charges and accrued income
-€1,819
Provisions
-€27,623
Trade debts
+€22,661
Tax, wage and social debts
-€7,834
Investment (derived)
-€652,271
Investment in fixed assets (net)
-€2.7m
Current investments
+€2.0m
Financing
+€439,251
Debts after one year
+€389,005
Current portion of long-term debt
+€50,246
Cash 2025
€103,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,610,884 | €9,109,773 | +€498,889 | +5.8% |
| Fixed assets | 21/28 | €5,650,732 | €7,731,815 | +€2.1m | +36.8% |
| Tangible fixed assets | 22/27 | €5,650,732 | €7,731,815 | +€2.1m | +36.8% |
| Land and buildings | 22 | €5,610,460 | €7,664,454 | +€2.1m | +36.6% |
| Furniture and vehicles | 24 | €40,272 | €67,361 | +€27,089 | +67.3% |
| Current assets | 29/58 | €2,960,152 | €1,377,958 | -€1.6m | -53.4% |
| Amounts receivable within one year | 40/41 | €416,149 | €771,061 | +€354,911 | +85.3% |
| Trade receivables | 40 | €17,430 | €22,029 | +€4,599 | +26.4% |
| Other amounts receivable | 41 | €398,720 | €749,032 | +€350,312 | +87.9% |
| Current investments | 50/53 | €2,500,000 | €500,000 | -€2.0m | -80.0% |
| Cash at bank and in hand | 54/58 | €42,255 | €103,331 | +€61,076 | +145% |
| Deferred charges and accrued income | 490/1 | €1,748 | €3,567 | +€1,819 | +104% |
| Total equity and liabilities | 10/49 | €8,610,884 | €9,109,773 | +€498,889 | +5.8% |
| Equity | 10/15 | €4,325,692 | €4,398,126 | +€72,433 | +1.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,461,323 | €1,378,455 | -€82,868 | -5.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,451,455 | €1,368,587 | -€82,868 | -5.7% |
| Distributable reserves | 133 | €3,719 | €3,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,802,869 | €2,958,170 | +€155,301 | +5.5% |
| Provisions and deferred taxes | 16 | €483,818 | €456,196 | -€27,623 | -5.7% |
| Deferred taxes | 168 | €483,818 | €456,196 | -€27,623 | -5.7% |
| Amounts payable | 17/49 | €3,801,374 | €4,255,452 | +€454,078 | +11.9% |
| Amounts payable after more than one year | 17 | €3,222,643 | €3,611,647 | +€389,005 | +12.1% |
| Financial debts | 170/4 | €3,222,643 | €3,611,647 | +€389,005 | +12.1% |
| Amounts payable within one year | 42/48 | €578,731 | €643,805 | +€65,074 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €360,749 | €410,995 | +€50,246 | +13.9% |
| Trade debts | 44 | €553 | €23,214 | +€22,661 | +4,101% |
| Suppliers | 440/4 | €553 | €23,214 | +€22,661 | +4,101% |
| Taxes, remuneration and social security | 45 | €17,429 | €9,595 | -€7,834 | -44.9% |
| Taxes | 450/3 | €17,429 | €9,595 | -€7,834 | -44.9% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Non-recurring operating income | 76A | €64,386 | €34,550 | -€29,836 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,570 | €571,187 | +€294,617 | +107% |
| Other operating charges | 640/8 | €43,260 | €81,758 | +€38,498 | +89.0% |
| Gross operating margin | 9900 | €737,980 | €716,176 | -€21,804 | -3.0% |
| Operating profit (loss) | 9901 | €418,149 | €63,230 | -€354,918 | -84.9% |
| Financial income | 75/76B | €5,755 | €62,737 | +€56,983 | +990% |
| Recurring financial income | 75 | €5,755 | €62,737 | +€56,983 | +990% |
| Financial charges | 65/66B | €33,076 | €32,179 | -€897 | -2.7% |
| Recurring financial charges | 65 | €33,076 | €32,179 | -€897 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €390,827 | €93,789 | -€297,039 | -76.0% |
| Transfer from deferred taxes | 780 | €137,671 | €27,623 | -€110,049 | -79.9% |
| Income taxes | 67/77 | €236,208 | €48,978 | -€187,230 | -79.3% |
| Profit (loss) for the period | 9904 | €292,290 | €72,433 | -€219,857 | -75.2% |
| Transfer from tax-exempt reserves | 789 | €413,014 | €82,868 | -€330,146 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €705,304 | €155,301 | -€550,003 | -78.0% |
Source: filed annual accounts (NBB), financial years ended 29 June 2024 and 29 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.