Helfa: what changed
What changed
Helfa
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€12,062
2024 · -€1,189-€10,873
Equity
€33,909
2024 · €35,971-€2,062
Cash
€5,443
2024 · €6,296-€853
Balance sheet total
€79,788
2024 · €110,428-€30,640
Largest movements
Assets
- Receivables within one year -€23,511
down €23,511 (-47.8%), from €49,160 to €25,649
of which Trade receivables: -€24,612
- Tangible fixed assets -€10,575
down €10,575 (-19.4%), from €54,411 to €43,836
of which Furniture and vehicles: -€7,024
- Deferred charges and accrued income +€4,300
up €4,300 (+1,061%), from €405 to €4,705
Equity and liabilities
- Trade debts -€18,547
down €18,547 (-85.4%), from €21,722 to €3,175
- Reserves -€12,062
down €12,062 (-40.5%), from €29,771 to €17,709
- Debts after one year -€11,268
down €11,268 (-40.2%), from €28,037 to €16,769
- Contributions +€10,000
up €10,000 (+161%), from €6,200 to €16,200
- Accrued charges and deferred income +€1,772
up €1,772 (+221%), from €804 to €2,576
Income statement
- Gross operating margin -€16,861
down €16,861 (-22.6%), from €74,715 to €57,854
- Other operating charges -€10,915
down €10,915 (-50.3%), from €21,699 to €10,783
- Write-downs +€10,028
no longer reported in 2025 (was -€10,028)
- Staff costs -€7,795
down €7,795 (-15.9%), from €48,973 to €41,178
- Depreciation +€3,445
up €3,445 (+27.2%), from €12,658 to €16,103
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,189
Gross operating margin
-€16,861
Staff costs
+€7,795
Depreciation
-€3,445
Write-downs
-€10,028
Other operating charges
+€10,915
Financial income
-€136
Financial charges
+€569
Taxes
+€320
Result 2025
-€12,062
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,305
Investment
-€5,528
Financing
-€1,630
Cash 2024
€6,296
From operations (derived)
+€6,305
Net result for the year
-€12,062
Depreciation
+€16,103
Receivables within one year
+€23,511
Deferred charges and accrued income
-€4,300
Trade debts
-€18,547
Tax, wage and social debts
-€708
Other debts
+€535
Accrued charges and deferred income
+€1,772
Investment (derived)
-€5,528
Investment in fixed assets (net)
-€5,528
Financing
-€1,630
Debts after one year
-€11,268
Current portion of long-term debt
-€362
Contributions, distributions and other
+€10,000
Cash 2025
€5,443
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,428 | €79,788 | -€30,640 | -27.7% |
| Fixed assets | 21/28 | €54,566 | €43,991 | -€10,575 | -19.4% |
| Tangible fixed assets | 22/27 | €54,411 | €43,836 | -€10,575 | -19.4% |
| Plant, machinery and equipment | 23 | €8,474 | €6,012 | -€2,462 | -29.1% |
| Furniture and vehicles | 24 | €39,968 | €32,944 | -€7,024 | -17.6% |
| Other tangible fixed assets | 26 | €5,969 | €4,880 | -€1,090 | -18.3% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €55,861 | €35,797 | -€20,065 | -35.9% |
| Amounts receivable within one year | 40/41 | €49,160 | €25,649 | -€23,511 | -47.8% |
| Trade receivables | 40 | €43,091 | €18,479 | -€24,612 | -57.1% |
| Other amounts receivable | 41 | €6,069 | €7,170 | +€1,101 | +18.1% |
| Cash at bank and in hand | 54/58 | €6,296 | €5,443 | -€853 | -13.6% |
| Deferred charges and accrued income | 490/1 | €405 | €4,705 | +€4,300 | +1,061% |
| Total equity and liabilities | 10/49 | €110,428 | €79,788 | -€30,640 | -27.7% |
| Equity | 10/15 | €35,971 | €33,909 | -€2,062 | -5.7% |
| Contributions | 10/11 | €6,200 | €16,200 | +€10,000 | +161% |
| Reserves | 13 | €29,771 | €17,709 | -€12,062 | -40.5% |
| Distributable reserves | 133 | €29,771 | €17,709 | -€12,062 | -40.5% |
| Amounts payable | 17/49 | €74,457 | €45,879 | -€28,578 | -38.4% |
| Amounts payable after more than one year | 17 | €28,037 | €16,769 | -€11,268 | -40.2% |
| Financial debts | 170/4 | €28,037 | €16,769 | -€11,268 | -40.2% |
| Amounts payable within one year | 42/48 | €45,617 | €26,535 | -€19,082 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €12,657 | €12,295 | -€362 | -2.9% |
| Trade debts | 44 | €21,722 | €3,175 | -€18,547 | -85.4% |
| Suppliers | 440/4 | €21,722 | €3,175 | -€18,547 | -85.4% |
| Taxes, remuneration and social security | 45 | €4,789 | €4,081 | -€708 | -14.8% |
| Taxes | 450/3 | €1,122 | - | -€1,122 | |
| Remuneration and social security | 454/9 | €3,667 | €4,081 | +€414 | +11.3% |
| Other amounts payable | 47/48 | €6,448 | €6,983 | +€535 | +8.3% |
| Accrued charges and deferred income | 492/3 | €804 | €2,576 | +€1,772 | +221% |
| Remuneration, social security and pensions | 62 | €48,973 | €41,178 | -€7,795 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,658 | €16,103 | +€3,445 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,028 | - | +€10,028 | |
| Other operating charges | 640/8 | €21,699 | €10,783 | -€10,915 | -50.3% |
| Gross operating margin | 9900 | €74,715 | €57,854 | -€16,861 | -22.6% |
| Operating profit (loss) | 9901 | €1,415 | -€10,211 | -€11,625 | |
| Financial income | 75/76B | €423 | €287 | -€136 | -32.1% |
| Recurring financial income | 75 | €423 | €287 | -€136 | -32.1% |
| Financial charges | 65/66B | €2,541 | €1,972 | -€569 | -22.4% |
| Recurring financial charges | 65 | €2,541 | €1,972 | -€569 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€703 | -€11,896 | -€11,193 | -1,592% |
| Income taxes | 67/77 | €486 | €166 | -€320 | -65.8% |
| Profit (loss) for the period | 9904 | -€1,189 | -€12,062 | -€10,873 | -914% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,189 | -€12,062 | -€10,873 | -914% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.