HELENOS: 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.
HELENOS
Largest movements
- Current investments -€1.7m
down €1.7m (-61.1%), from €2.8m to €1.1m
- Financial fixed assets +€1.2m
up €1.2m (+16.5%), from €7.6m to €8.8m
- Receivables after one year +€750,000
up €750,000 (+8.6%), from €8.7m to €9.4m
of which Other amounts receivable: +€9.4m
- Receivables within one year +€475,182
up €475,182 (+60.7%), from €782,620 to €1.3m
- Debts after one year +€1.5m
up €1.5m (+27.3%), from €5.5m to €7.0m
- Profit (loss) carried forward -€564,413
down €564,413 (-29.6%), from -€1.9m to -€2.5m
- Financial charges +€398,824
up €398,824 (+54.2%), from €735,820 to €1.1m
of which Non-recurring financial charges: +€325,005
- Financial income +€250,059
up €250,059 (+24.7%), from €1.0m to €1.3m
of which Non-recurring financial income: +€135,478
- Other operating charges +€66,132
up €66,132 (+201%), from €32,949 to €99,082
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 | €20,100,927 | €21,065,071 | +€964,144 | +4.8% |
| Fixed assets | 21/28 | €7,566,682 | €8,816,454 | +€1.2m | +16.5% |
| Financial fixed assets | 28 | €7,566,682 | €8,816,454 | +€1.2m | +16.5% |
| Current assets | 29/58 | €12,534,245 | €12,248,617 | -€285,629 | -2.3% |
| Amounts receivable after more than one year | 29 | €8,686,263 | €9,436,263 | +€750,000 | +8.6% |
| Trade receivables | 290 | €8,686,263 | - | -€8.7m | |
| Other amounts receivable | 291 | - | €9,436,263 | +€9.4m | |
| Amounts receivable within one year | 40/41 | €782,620 | €1,257,802 | +€475,182 | +60.7% |
| Other amounts receivable | 41 | €782,620 | €1,257,802 | +€475,182 | +60.7% |
| Current investments | 50/53 | €2,830,000 | €1,100,000 | -€1.7m | -61.1% |
| Cash at bank and in hand | 54/58 | €200,640 | €281,024 | +€80,385 | +40.1% |
| Deferred charges and accrued income | 490/1 | €34,723 | €173,527 | +€138,804 | +400% |
| Total equity and liabilities | 10/49 | €20,100,927 | €21,065,071 | +€964,144 | +4.8% |
| Equity | 10/15 | €14,464,128 | €13,899,716 | -€564,413 | -3.9% |
| Contributions | 10/11 | €16,374,000 | €16,374,000 | = | 0.0% |
| Capital | 10 | €16,374,000 | €16,374,000 | = | 0.0% |
| Issued capital | 100 | €16,374,000 | €16,374,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,909,872 | -€2,474,284 | -€564,413 | -29.6% |
| Amounts payable | 17/49 | €5,636,799 | €7,165,355 | +€1.5m | +27.1% |
| Amounts payable after more than one year | 17 | €5,500,000 | €7,000,000 | +€1.5m | +27.3% |
| Financial debts | 170/4 | €5,500,000 | €7,000,000 | +€1.5m | +27.3% |
| Amounts payable within one year | 42/48 | €5,973 | €12,007 | +€6,034 | +101% |
| Trade debts | 44 | €5,973 | €8,489 | +€2,516 | +42.1% |
| Suppliers | 440/4 | €5,973 | €8,489 | +€2,516 | +42.1% |
| Taxes, remuneration and social security | 45 | - | €3,519 | +€3,519 | |
| Taxes | 450/3 | - | €3,519 | +€3,519 | |
| Accrued charges and deferred income | 492/3 | €130,826 | €153,348 | +€22,522 | +17.2% |
| Other operating charges | 640/8 | €32,949 | €99,082 | +€66,132 | +201% |
| Gross operating margin | 9900 | -€588,947 | -€592,579 | -€3,632 | -0.6% |
| Operating profit (loss) | 9901 | -€621,896 | -€691,660 | -€69,764 | -11.2% |
| Financial income | 75/76B | €1,011,833 | €1,261,891 | +€250,059 | +24.7% |
| Recurring financial income | 75 | €1,011,833 | €1,126,413 | +€114,580 | +11.3% |
| Non-recurring financial income | 76B | - | €135,478 | +€135,478 | |
| Financial charges | 65/66B | €735,820 | €1,134,644 | +€398,824 | +54.2% |
| Recurring financial charges | 65 | €360,760 | €434,580 | +€73,819 | +20.5% |
| Non-recurring financial charges | 66B | €375,060 | €700,064 | +€325,005 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | -€345,883 | -€564,413 | -€218,530 | -63.2% |
| Profit (loss) for the period | 9904 | -€345,883 | -€564,413 | -€218,530 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€345,883 | -€564,413 | -€218,530 | -63.2% |
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 20 October 2026 via checked.be.