Heldr Law: 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.
Heldr Law
Largest movements
- Cash +€18,829
up €18,829 (+5,148%), from €366 to €19,195
mainly Net result for the year (+€70,462) and Tax, wage and social debts (+€18,299)
- Tangible fixed assets +€16,561
new in 2025: €16,561
- Receivables within one year +€11,438
up €11,438 (+3,744%), from €306 to €11,743
of which Trade receivables: +€11,386
- Intangible fixed assets -€4,714
down €4,714 (-57.0%), from €8,268 to €3,554
- Deferred charges and accrued income +€856
new in 2025: €856
- Profit (loss) carried forward +€70,462
up €70,462, from -€42,035 to €28,426
- Other debts -€41,633
down €41,633 (-100%), from €41,633 to €0
- Tax, wage and social debts +€18,299
new in 2025: €18,299
- Trade debts -€2,890
down €2,890 (-94.0%), from €3,074 to €184
- Short-term financial debts -€1,267
down €1,267 (-100%), from €1,267 to €0
- Gross operating margin +€119,955
up €119,955, from -€36,840 to €83,114
- Taxes +€7,940
new in 2025: €7,940
- Other operating charges +€854
new in 2025: €854
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 | €8,939 | €51,909 | +€42,971 | +481% |
| Fixed assets | 21/28 | €8,268 | €20,115 | +€11,847 | +143% |
| Intangible fixed assets | 21 | €8,268 | €3,554 | -€4,714 | -57.0% |
| Tangible fixed assets | 22/27 | - | €16,561 | +€16,561 | |
| Furniture and vehicles | 24 | - | €16,561 | +€16,561 | |
| Current assets | 29/58 | €671 | €31,795 | +€31,123 | +4,636% |
| Amounts receivable within one year | 40/41 | €306 | €11,743 | +€11,438 | +3,744% |
| Trade receivables | 40 | - | €11,386 | +€11,386 | |
| Other amounts receivable | 41 | €306 | €358 | +€52 | +17.1% |
| Cash at bank and in hand | 54/58 | €366 | €19,195 | +€18,829 | +5,148% |
| Deferred charges and accrued income | 490/1 | - | €856 | +€856 | |
| Total equity and liabilities | 10/49 | €8,939 | €51,909 | +€42,971 | +481% |
| Equity | 10/15 | -€37,035 | €33,426 | +€70,462 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,035 | €28,426 | +€70,462 | |
| Amounts payable | 17/49 | €45,974 | €18,483 | -€27,491 | -59.8% |
| Amounts payable within one year | 42/48 | €45,974 | €18,483 | -€27,491 | -59.8% |
| Financial debts | 43 | €1,267 | €0 | -€1,267 | -100% |
| Credit institutions | 430/8 | €1,267 | €0 | -€1,267 | -100% |
| Trade debts | 44 | €3,074 | €184 | -€2,890 | -94.0% |
| Suppliers | 440/4 | €3,074 | €184 | -€2,890 | -94.0% |
| Taxes, remuneration and social security | 45 | - | €18,299 | +€18,299 | |
| Taxes | 450/3 | - | €18,299 | +€18,299 | |
| Other amounts payable | 47/48 | €41,633 | €0 | -€41,633 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,605 | €3,982 | -€623 | -13.5% |
| Other operating charges | 640/8 | - | €854 | +€854 | |
| Gross operating margin | 9900 | -€36,840 | €83,114 | +€119,955 | |
| Operating profit (loss) | 9901 | -€41,446 | €78,278 | +€119,724 | |
| Financial income | 75/76B | €14 | €119 | +€105 | +777% |
| Recurring financial income | 75 | €14 | €119 | +€105 | +777% |
| Financial charges | 65/66B | €603 | -€5 | -€608 | |
| Recurring financial charges | 65 | €603 | -€5 | -€608 | |
| Profit (loss) for the period before taxes | 9903 | -€42,035 | €78,401 | +€120,437 | |
| Income taxes | 67/77 | - | €7,940 | +€7,940 | |
| Profit (loss) for the period | 9904 | -€42,035 | €70,462 | +€112,497 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,035 | €70,462 | +€112,497 |
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 22 October 2026 via checked.be.