Heleblitz: 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.
Heleblitz
Largest movements
- Tangible fixed assets -€25,719
down €25,719 (-1.3%), from €2.0m to €1.9m
of which Land and buildings: -€25,681
- Reserves +€71,000
up €71,000 (+11.0%), from €647,367 to €718,367
of which Distributable reserves: +€71,000
- Current portion of long-term debt -€70,191
down €70,191 (-44.3%), from €158,338 to €88,147
- Debts after one year -€44,820
down €44,820 (-15.7%), from €286,298 to €241,478
- Tax, wage and social debts +€33,438
up €33,438 (+342.5%), from €9,764 to €43,202
- Depreciation +€1,972
up €1,972 (+4.8%), from €41,083 to €43,055
- Other operating charges +€1,952
up €1,952 (+15.7%), from €12,470 to €14,422
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 | €1,962,367 | €1,936,165 | -€26,202 | -1.3% |
| Fixed assets | 21/28 | €1,951,838 | €1,926,119 | -€25,719 | -1.3% |
| Tangible fixed assets | 22/27 | €1,951,838 | €1,926,119 | -€25,719 | -1.3% |
| Land and buildings | 22 | €1,948,117 | €1,922,436 | -€25,681 | -1.3% |
| Plant, machinery and equipment | 23 | - | €1,289 | +€1,289 | |
| Furniture and vehicles | 24 | €3,722 | €2,394 | -€1,327 | -35.7% |
| Current assets | 29/58 | €10,529 | €10,046 | -€483 | -4.6% |
| Amounts receivable within one year | 40/41 | €3,263 | €1,162 | -€2,101 | -64.4% |
| Trade receivables | 40 | €3,263 | - | -€3,263 | |
| Other amounts receivable | 41 | - | €1,162 | +€1,162 | |
| Cash at bank and in hand | 54/58 | €974 | €4,420 | +€3,446 | +353.8% |
| Deferred charges and accrued income | 490/1 | €6,292 | €4,464 | -€1,828 | -29.1% |
| Total equity and liabilities | 10/49 | €1,962,367 | €1,936,165 | -€26,202 | -1.3% |
| Equity | 10/15 | €1,406,958 | €1,478,422 | +€71,464 | +5.1% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Revaluation surpluses | 12 | €736,591 | €736,591 | = | 0.0% |
| Reserves | 13 | €647,367 | €718,367 | +€71,000 | +11.0% |
| Non-distributable reserves | 130/1 | €2,300 | €2,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,300 | €2,300 | = | 0.0% |
| Distributable reserves | 133 | €645,067 | €716,067 | +€71,000 | +11.0% |
| Profit (loss) carried forward | 14 | - | €464 | +€464 | |
| Amounts payable | 17/49 | €555,409 | €457,743 | -€97,666 | -17.6% |
| Amounts payable after more than one year | 17 | €286,298 | €241,478 | -€44,820 | -15.7% |
| Financial debts | 170/4 | €286,298 | €241,478 | -€44,820 | -15.7% |
| Amounts payable within one year | 42/48 | €266,714 | €216,265 | -€50,449 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €158,338 | €88,147 | -€70,191 | -44.3% |
| Financial debts | 43 | €6,275 | €6,279 | +€4 | +0.1% |
| Credit institutions | 430/8 | €6,275 | €6,279 | +€4 | +0.1% |
| Trade debts | 44 | €5,891 | €5,153 | -€738 | -12.5% |
| Suppliers | 440/4 | €5,891 | €5,153 | -€738 | -12.5% |
| Taxes, remuneration and social security | 45 | €9,764 | €43,202 | +€33,438 | +342.5% |
| Taxes | 450/3 | €9,764 | €43,202 | +€33,438 | +342.5% |
| Other amounts payable | 47/48 | €86,446 | €73,484 | -€12,962 | -15.0% |
| Accrued charges and deferred income | 492/3 | €2,397 | - | -€2,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,083 | €43,055 | +€1,972 | +4.8% |
| Other operating charges | 640/8 | €12,470 | €14,422 | +€1,952 | +15.7% |
| Gross operating margin | 9900 | €181,683 | €180,727 | -€955 | -0.5% |
| Operating profit (loss) | 9901 | €128,129 | €123,250 | -€4,879 | -3.8% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €11,241 | €11,795 | +€554 | +4.9% |
| Recurring financial charges | 65 | €11,241 | €11,795 | +€554 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €116,888 | €111,464 | -€5,424 | -4.6% |
| Income taxes | 67/77 | €40,739 | €40,000 | -€739 | -1.8% |
| Profit (loss) for the period | 9904 | €76,149 | €71,464 | -€4,685 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,149 | €71,464 | -€4,685 | -6.2% |
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 10 October 2026 via checked.be.