Helgos: 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.
Helgos
Largest movements
- Tangible fixed assets -€16,100
down €16,100 (-2.1%), from €761,619 to €745,519
- Reserves -€16,111
down €16,111 (-3.9%), from €410,806 to €394,695
of which Tax-exempt reserves: -€13,827
- Gross operating margin -€6,185
down €6,185 (-50.7%), from €12,195 to €6,010
- Depreciation +€123
up €123 (+0.5%), from €23,065 to €23,188
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 | €768,763 | €747,023 | -€21,741 | -2.8% |
| Fixed assets | 21/28 | €761,619 | €745,519 | -€16,100 | -2.1% |
| Tangible fixed assets | 22/27 | €761,619 | €745,519 | -€16,100 | -2.1% |
| Land and buildings | 22 | €761,619 | €745,519 | -€16,100 | -2.1% |
| Current assets | 29/58 | €7,144 | €1,504 | -€5,641 | -79.0% |
| Cash at bank and in hand | 54/58 | €7,144 | €1,504 | -€5,641 | -79.0% |
| Total equity and liabilities | 10/49 | €768,763 | €747,023 | -€21,741 | -2.8% |
| Equity | 10/15 | €503,806 | €487,695 | -€16,111 | -3.2% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Capital | 10 | €93,000 | €93,000 | = | 0.0% |
| Issued capital | 100 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €410,806 | €394,695 | -€16,111 | -3.9% |
| Non-distributable reserves | 130/1 | €9,321 | €9,321 | = | 0.0% |
| Legal reserve | 130 | €9,321 | €9,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,649 | €195,822 | -€13,827 | -6.6% |
| Distributable reserves | 133 | €191,837 | €189,552 | -€2,285 | -1.2% |
| Provisions and deferred taxes | 16 | €107,953 | €100,833 | -€7,120 | -6.6% |
| Deferred taxes | 168 | €107,953 | €100,833 | -€7,120 | -6.6% |
| Amounts payable | 17/49 | €157,004 | €158,495 | +€1,490 | +0.9% |
| Amounts payable within one year | 42/48 | €157,004 | €158,495 | +€1,490 | +0.9% |
| Trade debts | 44 | €399 | €399 | = | 0.0% |
| Suppliers | 440/4 | €399 | €399 | = | 0.0% |
| Other amounts payable | 47/48 | €156,605 | €158,095 | +€1,490 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,065 | €23,188 | +€123 | +0.5% |
| Other operating charges | 640/8 | €5,854 | €5,887 | +€34 | +0.6% |
| Gross operating margin | 9900 | €12,195 | €6,010 | -€6,185 | -50.7% |
| Operating profit (loss) | 9901 | -€16,724 | -€23,066 | -€6,342 | -37.9% |
| Financial charges | 65/66B | €188 | €165 | -€23 | -12.1% |
| Recurring financial charges | 65 | €188 | €165 | -€23 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,912 | -€23,231 | -€6,319 | -37.4% |
| Transfer from deferred taxes | 780 | €7,120 | €7,120 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,792 | -€16,111 | -€6,319 | -64.5% |
| Transfer from tax-exempt reserves | 789 | €13,827 | €13,827 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,035 | -€2,285 | -€6,319 |
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.