HELEON ENGINEERING: 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.
What changed
HELEON ENGINEERING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€774,182
2024 · €907,144-€132,962
Equity
€3.5m
2024 · €3.6m-€79,935
Cash
€142,250
2024 · €150,785-€8,535
Balance sheet total
€8.4m
2024 · €7.6m+€724,056
Largest movements
Assets
- Receivables within one year +€637,411
up €637,411 (+259%), from €246,036 to €883,447
of which Other amounts receivable: +€400,003
- Deferred charges and accrued income -€469,556
down €469,556 (-87.2%), from €538,530 to €68,974
- Current investments +€368,716
up €368,716 (+45.0%), from €819,289 to €1.2m
- Tangible fixed assets +€196,020
up €196,020 (+30.8%), from €635,918 to €831,938
of which Assets under construction and advance payments: +€220,245
Equity and liabilities
- Other debts +€753,249
up €753,249 (+19.7%), from €3.8m to €4.6m
- Tax, wage and social debts +€127,024
up €127,024 (+278%), from €45,620 to €172,644
of which Taxes: +€126,420
Income statement
- Gross operating margin +€318,348
up €318,348 (+135%), from €235,173 to €553,522
- Financial income -€308,156
down €308,156 (-38.8%), from €793,202 to €485,047
- Taxes +€147,208
up €147,208 (+189%), from €77,843 to €225,050
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.
Result 2024
€907,144
Gross operating margin
+€318,348
Depreciation
+€1,938
Other operating charges
+€1,408
Financial income
-€308,156
Financial charges
+€707
Taxes
-€147,208
Result 2025
€774,182
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
-€586,469
Financing
-€933,867
Cash 2024
€150,785
From operations (derived)
+€1.5m
Net result for the year
+€774,182
Depreciation
+€21,733
Receivables within one year
-€637,411
Deferred charges and accrued income
+€469,556
Smaller working-capital items
+€3,468
Tax, wage and social debts
+€127,024
Other debts
+€753,249
Investment (derived)
-€586,469
Investment in fixed assets (net)
-€217,753
Current investments
-€368,716
Financing
-€933,867
Debts after one year
-€80,350
Current portion of long-term debt
+€600
Contributions, distributions and other
-€854,118
Cash 2025
€142,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,629,643 | €8,353,699 | +€724,056 | +9.5% |
| Fixed assets | 21/28 | €5,296,003 | €5,492,023 | +€196,020 | +3.7% |
| Tangible fixed assets | 22/27 | €635,918 | €831,938 | +€196,020 | +30.8% |
| Land and buildings | 22 | €618,030 | €600,671 | -€17,359 | -2.8% |
| Furniture and vehicles | 24 | €12,954 | €6,821 | -€6,133 | -47.3% |
| Other tangible fixed assets | 26 | €4,934 | €4,200 | -€734 | -14.9% |
| Assets under construction and advance payments | 27 | - | €220,245 | +€220,245 | |
| Financial fixed assets | 28 | €4,660,085 | €4,660,085 | = | 0.0% |
| Current assets | 29/58 | €2,333,640 | €2,861,677 | +€528,036 | +22.6% |
| Amounts receivable after more than one year | 29 | €579,000 | €579,000 | = | 0.0% |
| Other amounts receivable | 291 | €579,000 | €579,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €246,036 | €883,447 | +€637,411 | +259% |
| Trade receivables | 40 | €46,036 | €283,443 | +€237,408 | +516% |
| Other amounts receivable | 41 | €200,000 | €600,003 | +€400,003 | +200% |
| Current investments | 50/53 | €819,289 | €1,188,005 | +€368,716 | +45.0% |
| Cash at bank and in hand | 54/58 | €150,785 | €142,250 | -€8,535 | -5.7% |
| Deferred charges and accrued income | 490/1 | €538,530 | €68,974 | -€469,556 | -87.2% |
| Total equity and liabilities | 10/49 | €7,629,643 | €8,353,699 | +€724,056 | +9.5% |
| Equity | 10/15 | €3,587,157 | €3,507,222 | -€79,935 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,574,757 | €3,494,822 | -€79,935 | -2.2% |
| Tax-exempt reserves | 132 | €84,200 | €42,100 | -€42,100 | -50.0% |
| Distributable reserves | 133 | €3,490,557 | €3,452,722 | -€37,835 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,042,487 | €4,846,478 | +€803,991 | +19.9% |
| Amounts payable after more than one year | 17 | €80,350 | €0 | -€80,350 | -100% |
| Financial debts | 170/4 | €80,350 | €0 | -€80,350 | -100% |
| Amounts payable within one year | 42/48 | €3,962,136 | €4,845,136 | +€882,999 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €79,750 | €80,350 | +€600 | +0.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,021 | €8,148 | +€2,126 | +35.3% |
| Suppliers | 440/4 | €6,021 | €8,148 | +€2,126 | +35.3% |
| Taxes, remuneration and social security | 45 | €45,620 | €172,644 | +€127,024 | +278% |
| Taxes | 450/3 | €39,836 | €166,256 | +€126,420 | +317% |
| Remuneration and social security | 454/9 | €5,784 | €6,387 | +€603 | +10.4% |
| Other amounts payable | 47/48 | €3,830,745 | €4,583,994 | +€753,249 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €1,342 | +€1,342 | |
| Non-recurring operating income | 76A | €0 | €11,094 | +€11,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,671 | €21,733 | -€1,938 | -8.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €5,032 | €3,625 | -€1,408 | -28.0% |
| Gross operating margin | 9900 | €235,173 | €553,522 | +€318,348 | +135% |
| Operating profit (loss) | 9901 | €206,470 | €528,164 | +€321,694 | +156% |
| Financial income | 75/76B | €793,202 | €485,047 | -€308,156 | -38.8% |
| Recurring financial income | 75 | €793,202 | €485,047 | -€308,156 | -38.8% |
| Financial charges | 65/66B | €14,685 | €13,978 | -€707 | -4.8% |
| Recurring financial charges | 65 | €14,685 | €13,978 | -€707 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €984,987 | €999,233 | +€14,246 | +1.4% |
| Income taxes | 67/77 | €77,843 | €225,050 | +€147,208 | +189% |
| Profit (loss) for the period | 9904 | €907,144 | €774,182 | -€132,962 | -14.7% |
| Transfer from tax-exempt reserves | 789 | €0 | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €865,044 | €816,282 | -€48,762 | -5.6% |
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 28 October 2026 via checked.be.