HELEMAT: 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.
HELEMAT
Largest movements
- Tangible fixed assets +€307,930
up €307,930 (+5497.8%), from €5,601 to €313,531
of which Land and buildings: +€292,398
- Cash -€57,133
down €57,133 (-64.9%), from €88,072 to €30,939
mainly Investment in fixed assets (net) (-€319,043) and Receivables within one year (-€6,707)
- Receivables within one year +€6,707
up €6,707 (+21.2%), from €31,651 to €38,357
- Other debts +€205,429
up €205,429 (+393.4%), from €52,218 to €257,647
- Profit (loss) carried forward +€45,361
up €45,361 (+94.3%), from €48,104 to €93,466
- Tax, wage and social debts +€6,632
up €6,632 (+29.4%), from €22,545 to €29,177
- Gross operating margin +€7,795
up €7,795 (+11.8%), from €66,220 to €74,016
- Depreciation +€6,316
up €6,316 (+131.6%), from €4,798 to €11,114
- Other operating charges +€3,638
up €3,638 (+691.1%), from €526 to €4,165
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 | €130,585 | €388,703 | +€258,118 | +197.7% |
| Fixed assets | 21/28 | €5,601 | €313,531 | +€307,930 | +5497.8% |
| Tangible fixed assets | 22/27 | €5,601 | €313,531 | +€307,930 | +5497.8% |
| Land and buildings | 22 | - | €292,398 | +€292,398 | |
| Plant, machinery and equipment | 23 | €790 | €9,172 | +€8,382 | +1060.9% |
| Furniture and vehicles | 24 | €4,215 | €11,766 | +€7,551 | +179.1% |
| Other tangible fixed assets | 26 | €596 | €196 | -€400 | -67.1% |
| Current assets | 29/58 | €124,984 | €75,172 | -€49,811 | -39.9% |
| Amounts receivable within one year | 40/41 | €31,651 | €38,357 | +€6,707 | +21.2% |
| Trade receivables | 40 | €31,651 | €38,357 | +€6,707 | +21.2% |
| Cash at bank and in hand | 54/58 | €88,072 | €30,939 | -€57,133 | -64.9% |
| Deferred charges and accrued income | 490/1 | €5,261 | €5,876 | +€615 | +11.7% |
| Total equity and liabilities | 10/49 | €130,585 | €388,703 | +€258,118 | +197.7% |
| Equity | 10/15 | €50,604 | €95,966 | +€45,361 | +89.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,104 | €93,466 | +€45,361 | +94.3% |
| Amounts payable | 17/49 | €79,980 | €292,737 | +€212,757 | +266.0% |
| Amounts payable within one year | 42/48 | €79,980 | €292,737 | +€212,757 | +266.0% |
| Trade debts | 44 | €5,217 | €5,913 | +€697 | +13.4% |
| Suppliers | 440/4 | €5,217 | €5,913 | +€697 | +13.4% |
| Taxes, remuneration and social security | 45 | €22,545 | €29,177 | +€6,632 | +29.4% |
| Taxes | 450/3 | €22,545 | €29,177 | +€6,632 | +29.4% |
| Other amounts payable | 47/48 | €52,218 | €257,647 | +€205,429 | +393.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,798 | €11,114 | +€6,316 | +131.6% |
| Other operating charges | 640/8 | €526 | €4,165 | +€3,638 | +691.1% |
| Gross operating margin | 9900 | €66,220 | €74,016 | +€7,795 | +11.8% |
| Operating profit (loss) | 9901 | €60,896 | €58,737 | -€2,159 | -3.5% |
| Financial income | 75/76B | €129 | €198 | +€69 | +53.8% |
| Recurring financial income | 75 | €129 | €198 | +€69 | +53.8% |
| Financial charges | 65/66B | €435 | €174 | -€260 | -59.9% |
| Recurring financial charges | 65 | €435 | €174 | -€260 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €60,590 | €58,760 | -€1,829 | -3.0% |
| Income taxes | 67/77 | €13,427 | €13,399 | -€28 | -0.2% |
| Profit (loss) for the period | 9904 | €47,163 | €45,361 | -€1,802 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,163 | €45,361 | -€1,802 | -3.8% |
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 11 October 2026 via checked.be.