HELI GROUP: 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
HELI GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40,014
2024 · -€37,953-€2,061
Equity
€13.4m
2024 · €13.5m-€40,014
Cash
-
2024 · €1,067-€1,067
Balance sheet total
€15.0m
2024 · €15.0m+€69,851
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover +€159,533
up €159,533 (+23.6%), from €676,188 to €835,721
- Services and other goods +€132,355
up €132,355 (+18.9%), from €700,036 to €832,390
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
-€37,953
Turnover
+€159,533
Services and other goods
-€132,355
Other operating charges
+€70
Other operating items
-€25,092
Financial income
-€26
Financial charges
-€4,191
Result 2025
-€40,014
raises the resultlowers the resultnot broken down further in the accounts
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
-€1,067
Investment
€0
Financing
€0
Cash 2024
€1,067
From operations (derived)
-€1,067
Net result for the year
-€40,014
Receivables within one year
-€70,944
Deferred charges and accrued income
+€26
Trade debts
+€56,611
Other debts
+€50,939
Accrued charges and deferred income
+€2,314
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,962,439 | €15,032,290 | +€69,851 | +0.5% |
| Fixed assets | 21/28 | €14,922,400 | €14,922,400 | = | 0.0% |
| Financial fixed assets | 28 | €14,922,400 | €14,922,400 | = | 0.0% |
| Affiliated companies | 280/1 | €14,922,400 | €14,922,400 | = | 0.0% |
| Participating interests | 280 | €14,922,400 | €14,922,400 | = | 0.0% |
| Current assets | 29/58 | €40,039 | €109,889 | +€69,851 | +174% |
| Amounts receivable within one year | 40/41 | €38,946 | €109,889 | +€70,944 | +182% |
| Trade receivables | 40 | - | €88,213 | +€88,213 | |
| Other amounts receivable | 41 | €38,946 | €21,676 | -€17,269 | -44.3% |
| Cash at bank and in hand | 54/58 | €1,067 | - | -€1,067 | |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €14,962,439 | €15,032,290 | +€69,851 | +0.5% |
| Equity | 10/15 | €13,462,847 | €13,422,832 | -€40,014 | -0.3% |
| Contributions | 10/11 | €11,534,822 | €11,534,822 | = | 0.0% |
| Capital | 10 | €11,534,822 | €11,534,822 | = | 0.0% |
| Issued capital | 100 | €11,534,822 | €11,534,822 | = | 0.0% |
| Reserves | 13 | €2,113,446 | €2,113,446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,507 | €6,507 | = | 0.0% |
| Legal reserve | 130 | €6,507 | €6,507 | = | 0.0% |
| Distributable reserves | 133 | €2,106,939 | €2,106,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,421 | -€225,436 | -€40,014 | -21.6% |
| Amounts payable | 17/49 | €1,499,592 | €1,609,457 | +€109,865 | +7.3% |
| Amounts payable within one year | 42/48 | €1,499,592 | €1,607,143 | +€107,551 | +7.2% |
| Trade debts | 44 | €153,752 | €210,364 | +€56,611 | +36.8% |
| Suppliers | 440/4 | €153,752 | €210,364 | +€56,611 | +36.8% |
| Other amounts payable | 47/48 | €1,345,840 | €1,396,779 | +€50,939 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €2,314 | +€2,314 | |
| Operating income | 70/76A | €724,499 | €858,939 | +€134,441 | +18.6% |
| Turnover | 70 | €676,188 | €835,721 | +€159,533 | +23.6% |
| Non-recurring operating income | 76A | €48,311 | €23,219 | -€25,092 | -51.9% |
| Operating charges | 60/66A | €701,282 | €833,567 | +€132,284 | +18.9% |
| Services and other goods | 61 | €700,036 | €832,390 | +€132,355 | +18.9% |
| Other operating charges | 640/8 | €1,247 | €1,176 | -€70 | -5.7% |
| Operating profit (loss) | 9901 | €23,217 | €25,373 | +€2,156 | +9.3% |
| Financial income | 75/76B | €26 | €0 | -€26 | -99.8% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -99.8% |
| Income from current assets | 751 | €26 | - | -€26 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €61,196 | €65,387 | +€4,191 | +6.8% |
| Recurring financial charges | 65 | €61,196 | €65,387 | +€4,191 | +6.8% |
| Debt charges | 650 | €60,422 | €64,555 | +€4,133 | +6.8% |
| Other financial charges | 652/9 | €773 | €832 | +€58 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,953 | -€40,014 | -€2,061 | -5.4% |
| Profit (loss) for the period | 9904 | -€37,953 | -€40,014 | -€2,061 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,953 | -€40,014 | -€2,061 | -5.4% |
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 16 October 2026 via checked.be.