HELIAC STUDIO: 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.
HELIAC STUDIO
Largest movements
- Receivables within one year -€37,778
down €37,778 (-62.5%), from €60,482 to €22,704
of which Trade receivables: -€52,851
- Cash +€25,692
up €25,692 (+22.1%), from €116,177 to €141,868
mainly Receivables within one year (+€37,778) and Depreciation (+€19,385)
- Tangible fixed assets -€14,918
down €14,918 (-20.3%), from €73,533 to €58,616
- Deferred charges and accrued income +€9,014
up €9,014 (+384.9%), from €2,342 to €11,356
- Profit (loss) carried forward -€10,553
down €10,553 (-88.0%), from -€11,995 to -€22,548
- Accrued charges and deferred income -€4,444
no longer reported in 2025 (was €4,444)
- Gross operating margin -€28,754
down €28,754 (-55.8%), from €51,494 to €22,740
- Depreciation -€5,264
down €5,264 (-21.4%), from €24,649 to €19,385
- Financial charges -€894
down €894 (-19.5%), from €4,592 to €3,698
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 | €254,545 | €238,935 | -€15,610 | -6.1% |
| Fixed assets | 21/28 | €75,545 | €63,006 | -€12,539 | -16.6% |
| Intangible fixed assets | 21 | €2,012 | €4,390 | +€2,379 | +118.3% |
| Tangible fixed assets | 22/27 | €73,533 | €58,616 | -€14,918 | -20.3% |
| Plant, machinery and equipment | 23 | €26,973 | €23,348 | -€3,625 | -13.4% |
| Furniture and vehicles | 24 | €21,542 | €14,283 | -€7,259 | -33.7% |
| Other tangible fixed assets | 26 | €25,018 | €20,985 | -€4,034 | -16.1% |
| Current assets | 29/58 | €179,001 | €175,929 | -€3,071 | -1.7% |
| Amounts receivable within one year | 40/41 | €60,482 | €22,704 | -€37,778 | -62.5% |
| Trade receivables | 40 | €53,588 | €737 | -€52,851 | -98.6% |
| Other amounts receivable | 41 | €6,895 | €21,968 | +€15,073 | +218.6% |
| Cash at bank and in hand | 54/58 | €116,177 | €141,868 | +€25,692 | +22.1% |
| Deferred charges and accrued income | 490/1 | €2,342 | €11,356 | +€9,014 | +384.9% |
| Total equity and liabilities | 10/49 | €254,545 | €238,935 | -€15,610 | -6.1% |
| Equity | 10/15 | €246,434 | €235,880 | -€10,553 | -4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €238,429 | €238,429 | = | 0.0% |
| Distributable reserves | 133 | €238,429 | €238,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,995 | -€22,548 | -€10,553 | -88.0% |
| Amounts payable | 17/49 | €8,112 | €3,055 | -€5,057 | -62.3% |
| Amounts payable within one year | 42/48 | €3,668 | €3,055 | -€613 | -16.7% |
| Trade debts | 44 | €3,410 | €1,100 | -€2,310 | -67.8% |
| Suppliers | 440/4 | €3,410 | €1,100 | -€2,310 | -67.8% |
| Taxes, remuneration and social security | 45 | €258 | €1,955 | +€1,697 | +658.2% |
| Taxes | 450/3 | €258 | €1,955 | +€1,697 | +658.2% |
| Accrued charges and deferred income | 492/3 | €4,444 | - | -€4,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,649 | €19,385 | -€5,264 | -21.4% |
| Other operating charges | 640/8 | €1,156 | €1,237 | +€81 | +7.0% |
| Non-recurring operating charges | 66A | - | €9,052 | +€9,052 | |
| Gross operating margin | 9900 | €51,494 | €22,740 | -€28,754 | -55.8% |
| Operating profit (loss) | 9901 | €25,689 | -€6,933 | -€32,622 | |
| Financial income | 75/76B | €225 | €469 | +€245 | +109.0% |
| Recurring financial income | 75 | €225 | €469 | +€245 | +109.0% |
| Financial charges | 65/66B | €4,592 | €3,698 | -€894 | -19.5% |
| Recurring financial charges | 65 | €4,592 | €3,698 | -€894 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €21,322 | -€10,162 | -€31,484 | |
| Income taxes | 67/77 | €364 | €391 | +€27 | +7.4% |
| Profit (loss) for the period | 9904 | €20,958 | -€10,553 | -€31,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,958 | -€10,553 | -€31,511 |
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 11 October 2026 via checked.be.