HELIAN: 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.
HELIAN
Largest movements
- Cash +€1.0m
up €1.0m (+977.2%), from €102,353 to €1.1m
mainly Receivables after one year (+€705,886) and Net result for the year (+€270,324)
- Receivables after one year -€705,886
down €705,886 (-28.9%), from €2.4m to €1.7m
- Tangible fixed assets -€98,723
down €98,723 (-11.3%), from €870,218 to €771,494
of which Land and buildings: -€95,112
- Reserves +€270,324
up €270,324 (+60.3%), from €448,498 to €718,821
of which Distributable reserves: +€272,441
- Other debts -€92,362
down €92,362 (-6.3%), from €1.5m to €1.4m
- Financial charges -€2.7m
down €2.7m (-96.2%), from €2.8m to €108,312
of which Non-recurring financial charges: -€2.7m
- Financial income -€2.7m
down €2.7m (-92.1%), from €2.9m to €229,644
of which Financial income: -€2.6m
- Staff costs -€55,678
down €55,678 (-92.5%), from €60,212 to €4,534
- Gross operating margin -€51,295
down €51,295 (-15.1%), from €339,241 to €287,946
- Taxes +€26,766
up €26,766 (+56.8%), from €47,155 to €73,922
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 | €5,470,506 | €5,642,053 | +€171,547 | +3.1% |
| Fixed assets | 21/28 | €2,798,666 | €2,723,092 | -€75,574 | -2.7% |
| Tangible fixed assets | 22/27 | €870,218 | €771,494 | -€98,723 | -11.3% |
| Land and buildings | 22 | €866,606 | €771,494 | -€95,112 | -11.0% |
| Furniture and vehicles | 24 | €3,611 | €0 | -€3,611 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,928,448 | €1,951,598 | +€23,150 | +1.2% |
| Current assets | 29/58 | €2,671,840 | €2,918,961 | +€247,121 | +9.2% |
| Amounts receivable after more than one year | 29 | €2,445,886 | €1,740,000 | -€705,886 | -28.9% |
| Other amounts receivable | 291 | €2,445,886 | €1,740,000 | -€705,886 | -28.9% |
| Amounts receivable within one year | 40/41 | €95,939 | €67,456 | -€28,483 | -29.7% |
| Trade receivables | 40 | €83,469 | €67,456 | -€16,013 | -19.2% |
| Other amounts receivable | 41 | €12,470 | €0 | -€12,470 | -100.0% |
| Cash at bank and in hand | 54/58 | €102,353 | €1,102,509 | +€1.0m | +977.2% |
| Deferred charges and accrued income | 490/1 | €27,661 | €8,996 | -€18,666 | -67.5% |
| Total equity and liabilities | 10/49 | €5,470,506 | €5,642,053 | +€171,547 | +3.1% |
| Equity | 10/15 | €3,876,025 | €4,146,348 | +€270,324 | +7.0% |
| Contributions | 10/11 | €1,386,000 | €1,386,000 | = | 0.0% |
| Capital | 10 | €1,386,000 | €1,386,000 | = | 0.0% |
| Issued capital | 100 | €1,386,000 | €1,386,000 | = | 0.0% |
| Reserves | 13 | €448,498 | €718,821 | +€270,324 | +60.3% |
| Non-distributable reserves | 130/1 | €155,100 | €155,100 | = | 0.0% |
| Legal reserve | 130 | €155,100 | €155,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,145 | €47,028 | -€2,117 | -4.3% |
| Distributable reserves | 133 | €244,253 | €516,693 | +€272,441 | +111.5% |
| Profit (loss) carried forward | 14 | €2,041,527 | €2,041,527 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,306 | €24,216 | -€1,090 | -4.3% |
| Deferred taxes | 168 | €25,306 | €24,216 | -€1,090 | -4.3% |
| Amounts payable | 17/49 | €1,569,175 | €1,471,489 | -€97,687 | -6.2% |
| Amounts payable after more than one year | 17 | €15,000 | €0 | -€15,000 | -100.0% |
| Financial debts | 170/4 | €15,000 | €0 | -€15,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,545,364 | €1,463,504 | -€81,859 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €23,290 | €7,404 | -€15,886 | -68.2% |
| Suppliers | 440/4 | €23,290 | €7,404 | -€15,886 | -68.2% |
| Taxes, remuneration and social security | 45 | €39,626 | €66,015 | +€26,389 | +66.6% |
| Taxes | 450/3 | €39,626 | €66,015 | +€26,389 | +66.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,467,447 | €1,375,085 | -€92,362 | -6.3% |
| Accrued charges and deferred income | 492/3 | €8,812 | €7,984 | -€827 | -9.4% |
| Non-recurring operating income | 76A | €339,564 | €331,021 | -€8,543 | -2.5% |
| Remuneration, social security and pensions | 62 | €60,212 | €4,534 | -€55,678 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,504 | €37,934 | -€7,570 | -16.6% |
| Other operating charges | 640/8 | €25,659 | €23,650 | -€2,009 | -7.8% |
| Non-recurring operating charges | 66A | €8,403 | €5 | -€8,398 | -99.9% |
| Gross operating margin | 9900 | €339,241 | €287,946 | -€51,295 | -15.1% |
| Operating profit (loss) | 9901 | €199,463 | €221,823 | +€22,361 | +11.2% |
| Financial income | 75/76B | €2,921,961 | €229,644 | -€2.7m | -92.1% |
| Recurring financial income | 75 | €2,871,006 | €229,644 | -€2.6m | -92.0% |
| Non-recurring financial income | 76B | €50,955 | €0 | -€50,955 | -100.0% |
| Financial charges | 65/66B | €2,833,222 | €108,312 | -€2.7m | -96.2% |
| Recurring financial charges | 65 | €110,992 | €107,505 | -€3,487 | -3.1% |
| Non-recurring financial charges | 66B | €2,722,230 | €807 | -€2.7m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €288,202 | €343,155 | +€54,954 | +19.1% |
| Transfer from deferred taxes | 780 | €1,090 | €1,090 | -€0 | 0.0% |
| Income taxes | 67/77 | €47,155 | €73,922 | +€26,766 | +56.8% |
| Profit (loss) for the period | 9904 | €242,136 | €270,324 | +€28,188 | +11.6% |
| Transfer from tax-exempt reserves | 789 | €2,117 | €2,117 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €244,253 | €272,441 | +€28,188 | +11.5% |
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 8 October 2026 via checked.be.