Heliade: 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.
Heliade
Largest movements
- Receivables within one year -€10,426
down €10,426 (-14.7%), from €70,942 to €60,516
of which Trade receivables: -€8,850
- Tangible fixed assets -€3,290
down €3,290 (-34.2%), from €9,632 to €6,342
of which Furniture and vehicles: -€5,392
- Cash +€2,683
up €2,683 (+9.0%), from €29,845 to €32,528
mainly Trade debts (+€11,764) and Receivables within one year (+€10,426)
- Profit (loss) carried forward -€25,039
down €25,039 (-98.4%), from -€25,444 to -€50,484
- Trade debts +€11,764
up €11,764 (+121.2%), from €9,704 to €21,469
- Tax, wage and social debts +€1,760
up €1,760 (+6.6%), from €26,847 to €28,606
of which Taxes: +€1,737
- Short-term financial debts +€1,458
up €1,458 (+47.9%), from €3,042 to €4,500
- Gross operating margin -€35,720
down €35,720, from €23,278 to -€12,442
- Taxes -€5,874
down €5,874 (-97.6%), from €6,017 to €143
- Other operating charges +€1,193
up €1,193 (+84.6%), from €1,411 to €2,604
- Depreciation +€591
up €591 (+7.4%), from €7,972 to €8,564
- Financial charges -€570
down €570 (-29.4%), from €1,937 to €1,366
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 | €113,461 | €103,923 | -€9,538 | -8.4% |
| Fixed assets | 21/28 | €11,882 | €9,222 | -€2,660 | -22.4% |
| Tangible fixed assets | 22/27 | €9,632 | €6,342 | -€3,290 | -34.2% |
| Plant, machinery and equipment | 23 | €1,958 | €4,060 | +€2,102 | +107.3% |
| Furniture and vehicles | 24 | €7,674 | €2,282 | -€5,392 | -70.3% |
| Financial fixed assets | 28 | €2,250 | €2,880 | +€630 | +28.0% |
| Current assets | 29/58 | €101,579 | €94,701 | -€6,878 | -6.8% |
| Amounts receivable within one year | 40/41 | €70,942 | €60,516 | -€10,426 | -14.7% |
| Trade receivables | 40 | €69,366 | €60,516 | -€8,850 | -12.8% |
| Other amounts receivable | 41 | €1,575 | €0 | -€1,575 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,845 | €32,528 | +€2,683 | +9.0% |
| Deferred charges and accrued income | 490/1 | €792 | €1,657 | +€865 | +109.3% |
| Total equity and liabilities | 10/49 | €113,461 | €103,923 | -€9,538 | -8.4% |
| Equity | 10/15 | €73,868 | €48,828 | -€25,039 | -33.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €98,312 | €98,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,312 | €98,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,444 | -€50,484 | -€25,039 | -98.4% |
| Amounts payable | 17/49 | €39,593 | €55,095 | +€15,501 | +39.2% |
| Amounts payable within one year | 42/48 | €39,593 | €55,095 | +€15,501 | +39.2% |
| Financial debts | 43 | €3,042 | €4,500 | +€1,458 | +47.9% |
| Credit institutions | 430/8 | €3,042 | €4,500 | +€1,458 | +47.9% |
| Trade debts | 44 | €9,704 | €21,469 | +€11,764 | +121.2% |
| Suppliers | 440/4 | €9,704 | €21,469 | +€11,764 | +121.2% |
| Taxes, remuneration and social security | 45 | €26,847 | €28,606 | +€1,760 | +6.6% |
| Taxes | 450/3 | €23,044 | €24,781 | +€1,737 | +7.5% |
| Remuneration and social security | 454/9 | €3,803 | €3,825 | +€23 | +0.6% |
| Other amounts payable | 47/48 | €0 | €519 | +€519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,972 | €8,564 | +€591 | +7.4% |
| Other operating charges | 640/8 | €1,411 | €2,604 | +€1,193 | +84.6% |
| Gross operating margin | 9900 | €23,278 | -€12,442 | -€35,720 | |
| Operating profit (loss) | 9901 | €13,895 | -€23,610 | -€37,505 | |
| Financial income | 75/76B | €85 | €80 | -€5 | -5.4% |
| Recurring financial income | 75 | €85 | €80 | -€5 | -5.4% |
| Financial charges | 65/66B | €1,937 | €1,366 | -€570 | -29.4% |
| Recurring financial charges | 65 | €1,937 | €1,366 | -€570 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €12,043 | -€24,897 | -€36,939 | |
| Income taxes | 67/77 | €6,017 | €143 | -€5,874 | -97.6% |
| Profit (loss) for the period | 9904 | €6,026 | -€25,039 | -€31,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,026 | -€25,039 | -€31,065 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.