HELI ONE: 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.
HELI ONE
Largest movements
- Cash -€640
down €640 (-98.2%), from €651 to €12
mainly Other debts (-€5,098) and Net result for the year (-€1,162)
- Tangible fixed assets -€314
down €314 (-33.9%), from €926 to €612
- Deferred charges and accrued income +€41
up €41 (+3.9%), from €1,042 to €1,083
- Other debts -€5,098
down €5,098 (-2.0%), from €256,765 to €251,667
- Accrued charges and deferred income +€4,000
up €4,000 (+10.0%), from €40,000 to €44,000
- Profit (loss) carried forward -€1,162
down €1,162 (-0.2%), from -€698,984 to -€700,146
- Tax, wage and social debts +€1,016
up €1,016 (+122.4%), from €830 to €1,847
- Trade debts +€331
up €331 (+4194.1%), from €8 to €339
- Other operating charges -€20,901
down €20,901 (-92.7%), from €22,542 to €1,641
- Gross operating margin +€17,291
up €17,291, from -€11,409 to €5,883
- Taxes +€186
up €186 (+22.4%), from €830 to €1,016
- Financial charges -€140
down €140 (-3.3%), from €4,201 to €4,061
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 | €2,619 | €1,707 | -€913 | -34.8% |
| Fixed assets | 21/28 | €926 | €612 | -€314 | -33.9% |
| Tangible fixed assets | 22/27 | €926 | €612 | -€314 | -33.9% |
| Plant, machinery and equipment | 23 | €926 | €612 | -€314 | -33.9% |
| Current assets | 29/58 | €1,693 | €1,095 | -€599 | -35.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €651 | €12 | -€640 | -98.2% |
| Deferred charges and accrued income | 490/1 | €1,042 | €1,083 | +€41 | +3.9% |
| Total equity and liabilities | 10/49 | €2,619 | €1,707 | -€913 | -34.8% |
| Equity | 10/15 | -€494,984 | -€496,146 | -€1,162 | -0.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€698,984 | -€700,146 | -€1,162 | -0.2% |
| Amounts payable | 17/49 | €497,603 | €497,853 | +€250 | +0.1% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €257,603 | €253,853 | -€3,750 | -1.5% |
| Trade debts | 44 | €8 | €339 | +€331 | +4194.1% |
| Suppliers | 440/4 | €8 | €339 | +€331 | +4194.1% |
| Taxes, remuneration and social security | 45 | €830 | €1,847 | +€1,016 | +122.4% |
| Taxes | 450/3 | €830 | €1,847 | +€1,016 | +122.4% |
| Other amounts payable | 47/48 | €256,765 | €251,667 | -€5,098 | -2.0% |
| Accrued charges and deferred income | 492/3 | €40,000 | €44,000 | +€4,000 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €314 | = | 0.0% |
| Other operating charges | 640/8 | €22,542 | €1,641 | -€20,901 | -92.7% |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | -€11,409 | €5,883 | +€17,291 | |
| Operating profit (loss) | 9901 | -€34,264 | €3,915 | +€38,180 | |
| Financial charges | 65/66B | €4,201 | €4,061 | -€140 | -3.3% |
| Recurring financial charges | 65 | €4,201 | €4,061 | -€140 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,465 | -€146 | +€38,319 | +99.6% |
| Income taxes | 67/77 | €830 | €1,016 | +€186 | +22.4% |
| Profit (loss) for the period | 9904 | -€39,296 | -€1,162 | +€38,133 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,296 | -€1,162 | +€38,133 | +97.0% |
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 5 October 2026 via checked.be.