HELEON: 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.
HELEON
Largest movements
- Cash -€50,540
down €50,540 (-88.6%), from €57,068 to €6,528
mainly Contributions, distributions and other (-€227,916) and Investment in fixed assets (net) (-€89,015)
- Tangible fixed assets +€49,412
up €49,412 (+14.8%), from €334,595 to €384,008
of which Other tangible fixed assets: +€64,766
- Receivables within one year -€35,816
down €35,816 (-45.1%), from €79,383 to €43,567
of which Other amounts receivable: -€21,940
- Profit (loss) carried forward -€175,631
down €175,631 (-77.1%), from €227,916 to €52,285
- Other debts +€157,041
up €157,041 (+7852.1%), from €2,000 to €159,041
- Debts after one year -€10,254
down €10,254 (-5.3%), from €194,782 to €184,528
- Trade debts -€9,662
down €9,662 (-61.5%), from €15,704 to €6,042
- Gross operating margin -€22,712
down €22,712 (-16.5%), from €137,235 to €114,522
- Taxes -€6,599
down €6,599 (-32.8%), from €20,106 to €13,506
- Depreciation +€4,466
up €4,466 (+12.7%), from €35,137 to €39,603
- Financial charges -€3,244
down €3,244 (-27.8%), from €11,674 to €8,430
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 | €487,016 | €453,577 | -€33,439 | -6.9% |
| Fixed assets | 21/28 | €334,595 | €384,008 | +€49,412 | +14.8% |
| Tangible fixed assets | 22/27 | €334,595 | €384,008 | +€49,412 | +14.8% |
| Land and buildings | 22 | €239,033 | €225,424 | -€13,609 | -5.7% |
| Plant, machinery and equipment | 23 | €5,063 | €11,700 | +€6,636 | +131.1% |
| Furniture and vehicles | 24 | €14,706 | €6,325 | -€8,381 | -57.0% |
| Other tangible fixed assets | 26 | €75,793 | €140,559 | +€64,766 | +85.5% |
| Current assets | 29/58 | €152,421 | €69,570 | -€82,851 | -54.4% |
| Stocks and contracts in progress | 3 | €13,926 | €12,995 | -€931 | -6.7% |
| Stocks | 30/36 | €13,926 | €12,995 | -€931 | -6.7% |
| Amounts receivable within one year | 40/41 | €79,383 | €43,567 | -€35,816 | -45.1% |
| Trade receivables | 40 | €55,936 | €42,061 | -€13,876 | -24.8% |
| Other amounts receivable | 41 | €23,447 | €1,507 | -€21,940 | -93.6% |
| Cash at bank and in hand | 54/58 | €57,068 | €6,528 | -€50,540 | -88.6% |
| Deferred charges and accrued income | 490/1 | €2,043 | €6,480 | +€4,436 | +217.1% |
| Total equity and liabilities | 10/49 | €487,016 | €453,577 | -€33,439 | -6.9% |
| Equity | 10/15 | €234,316 | €58,685 | -€175,631 | -75.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,916 | €52,285 | -€175,631 | -77.1% |
| Amounts payable | 17/49 | €252,701 | €394,893 | +€142,192 | +56.3% |
| Amounts payable after more than one year | 17 | €194,782 | €184,528 | -€10,254 | -5.3% |
| Financial debts | 170/4 | €194,782 | €184,528 | -€10,254 | -5.3% |
| Amounts payable within one year | 42/48 | €56,133 | €209,765 | +€153,632 | +273.7% |
| Current portion of amounts payable after more than one year | 42 | €12,416 | €12,416 | = | 0.0% |
| Financial debts | 43 | - | €3,776 | +€3,776 | |
| Credit institutions | 430/8 | - | €3,776 | +€3,776 | |
| Trade debts | 44 | €15,704 | €6,042 | -€9,662 | -61.5% |
| Suppliers | 440/4 | €15,704 | €6,042 | -€9,662 | -61.5% |
| Taxes, remuneration and social security | 45 | €26,013 | €28,488 | +€2,476 | +9.5% |
| Taxes | 450/3 | €26,013 | €28,488 | +€2,476 | +9.5% |
| Other amounts payable | 47/48 | €2,000 | €159,041 | +€157,041 | +7852.1% |
| Accrued charges and deferred income | 492/3 | €1,786 | €600 | -€1,186 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,137 | €39,603 | +€4,466 | +12.7% |
| Other operating charges | 640/8 | €2,363 | €2,674 | +€311 | +13.2% |
| Gross operating margin | 9900 | €137,235 | €114,522 | -€22,712 | -16.5% |
| Operating profit (loss) | 9901 | €99,734 | €72,245 | -€27,489 | -27.6% |
| Financial income | 75/76B | €3,009 | €1,976 | -€1,033 | -34.3% |
| Recurring financial income | 75 | €3,009 | €1,976 | -€1,033 | -34.3% |
| Financial charges | 65/66B | €11,674 | €8,430 | -€3,244 | -27.8% |
| Recurring financial charges | 65 | €11,674 | €8,430 | -€3,244 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €91,069 | €65,791 | -€25,278 | -27.8% |
| Income taxes | 67/77 | €20,106 | €13,506 | -€6,599 | -32.8% |
| Profit (loss) for the period | 9904 | €70,964 | €52,285 | -€18,679 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,964 | €52,285 | -€18,679 | -26.3% |
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 6 October 2026 via checked.be.