Heldin: 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.
Heldin
Largest movements
- Tangible fixed assets -€7,500
down €7,500 (-1.9%), from €386,200 to €378,700
- Other debts +€54,000
up €54,000 (+114.5%), from €47,168 to €101,168
- Profit (loss) carried forward -€32,843
down €32,843 (-57.0%), from -€57,622 to -€90,465
- Debts after one year -€19,235
down €19,235 (-8.9%), from €216,881 to €197,646
- Accrued charges and deferred income -€9,387
down €9,387 (-100.0%), from €9,387 to €0
- Gross operating margin -€5,750
down €5,750, from €1,764 to -€3,986
- Other operating charges +€3,055
up €3,055 (+20.9%), from €14,619 to €17,673
- Financial charges +€1,323
up €1,323 (+56.1%), from €2,360 to €3,684
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 | €389,841 | €383,505 | -€6,336 | -1.6% |
| Fixed assets | 21/28 | €386,200 | €378,700 | -€7,500 | -1.9% |
| Tangible fixed assets | 22/27 | €386,200 | €378,700 | -€7,500 | -1.9% |
| Land and buildings | 22 | €386,200 | €378,700 | -€7,500 | -1.9% |
| Current assets | 29/58 | €3,641 | €4,805 | +€1,164 | +32.0% |
| Amounts receivable within one year | 40/41 | €2,650 | €2,650 | = | 0.0% |
| Other amounts receivable | 41 | €2,650 | €2,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €991 | €2,155 | +€1,164 | +117.5% |
| Total equity and liabilities | 10/49 | €389,841 | €383,505 | -€6,336 | -1.6% |
| Equity | 10/15 | €97,378 | €64,535 | -€32,843 | -33.7% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,622 | -€90,465 | -€32,843 | -57.0% |
| Amounts payable | 17/49 | €292,463 | €318,970 | +€26,507 | +9.1% |
| Amounts payable after more than one year | 17 | €216,881 | €197,646 | -€19,235 | -8.9% |
| Financial debts | 170/4 | €216,881 | €197,646 | -€19,235 | -8.9% |
| Amounts payable within one year | 42/48 | €66,195 | €121,324 | +€55,129 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €18,952 | €19,235 | +€282 | +1.5% |
| Trade debts | 44 | €75 | €921 | +€846 | +1131.7% |
| Suppliers | 440/4 | €75 | €921 | +€846 | +1131.7% |
| Other amounts payable | 47/48 | €47,168 | €101,168 | +€54,000 | +114.5% |
| Accrued charges and deferred income | 492/3 | €9,387 | €0 | -€9,387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,500 | = | 0.0% |
| Other operating charges | 640/8 | €14,619 | €17,673 | +€3,055 | +20.9% |
| Gross operating margin | 9900 | €1,764 | -€3,986 | -€5,750 | |
| Operating profit (loss) | 9901 | -€20,355 | -€29,159 | -€8,805 | -43.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,360 | €3,684 | +€1,323 | +56.1% |
| Recurring financial charges | 65 | €2,360 | €3,684 | +€1,323 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,715 | -€32,843 | -€10,128 | -44.6% |
| Profit (loss) for the period | 9904 | -€22,715 | -€32,843 | -€10,128 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,715 | -€32,843 | -€10,128 | -44.6% |
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 29 September 2026 via checked.be.