HELIANCO: 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.
HELIANCO
Largest movements
- Tangible fixed assets -€57,490
down €57,490 (-3.8%), from €1.5m to €1.5m
of which Land and buildings: -€63,682
- Debts after one year -€36,462
down €36,462 (-15.3%), from €238,054 to €201,591
- Reserves -€24,999
down €24,999 (-4.5%), from €557,634 to €532,635
of which Tax-exempt reserves: -€24,999
- Other debts +€23,441
up €23,441 (+4.0%), from €589,150 to €612,591
- Gross operating margin -€10,864
down €10,864 (-13.9%), from €78,163 to €67,299
- Financial charges -€8,170
down €8,170 (-27.9%), from €29,268 to €21,098
- Taxes -€2,487
down €2,487 (-82.6%), from €3,009 to €522
- Depreciation +€1,757
up €1,757 (+2.3%), from €75,797 to €77,554
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,539,099 | €1,482,335 | -€56,764 | -3.7% |
| Fixed assets | 21/28 | €1,532,160 | €1,474,670 | -€57,490 | -3.8% |
| Tangible fixed assets | 22/27 | €1,532,160 | €1,474,670 | -€57,490 | -3.8% |
| Land and buildings | 22 | €1,532,160 | €1,468,478 | -€63,682 | -4.2% |
| Plant, machinery and equipment | 23 | - | €2,904 | +€2,904 | |
| Furniture and vehicles | 24 | - | €3,288 | +€3,288 | |
| Current assets | 29/58 | €6,939 | €7,665 | +€726 | +10.5% |
| Amounts receivable within one year | 40/41 | €4,070 | €6,070 | +€2,000 | +49.1% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €4,070 | €4,070 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,869 | €1,595 | -€1,274 | -44.4% |
| Total equity and liabilities | 10/49 | €1,539,099 | €1,482,335 | -€56,764 | -3.7% |
| Equity | 10/15 | €618,354 | €593,465 | -€24,889 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,634 | €532,635 | -€24,999 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,491 | €71,492 | -€24,999 | -25.9% |
| Distributable reserves | 133 | €459,283 | €459,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,120 | €42,230 | +€110 | +0.3% |
| Provisions and deferred taxes | 16 | €32,164 | €23,831 | -€8,333 | -25.9% |
| Deferred taxes | 168 | €32,164 | €23,831 | -€8,333 | -25.9% |
| Amounts payable | 17/49 | €888,581 | €865,039 | -€23,542 | -2.6% |
| Amounts payable after more than one year | 17 | €238,054 | €201,591 | -€36,462 | -15.3% |
| Financial debts | 170/4 | €238,054 | €201,591 | -€36,462 | -15.3% |
| Amounts payable within one year | 42/48 | €627,111 | €649,690 | +€22,579 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €35,502 | €36,462 | +€961 | +2.7% |
| Trade debts | 44 | €2,459 | €114 | -€2,345 | -95.4% |
| Suppliers | 440/4 | €2,459 | €114 | -€2,345 | -95.4% |
| Taxes, remuneration and social security | 45 | - | €522 | +€522 | |
| Taxes | 450/3 | - | €522 | +€522 | |
| Other amounts payable | 47/48 | €589,150 | €612,591 | +€23,441 | +4.0% |
| Accrued charges and deferred income | 492/3 | €23,417 | €13,759 | -€9,658 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,797 | €77,554 | +€1,757 | +2.3% |
| Other operating charges | 640/8 | €1,439 | €1,347 | -€91 | -6.3% |
| Gross operating margin | 9900 | €78,163 | €67,299 | -€10,864 | -13.9% |
| Operating profit (loss) | 9901 | €927 | -€11,602 | -€12,530 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €29,268 | €21,098 | -€8,170 | -27.9% |
| Recurring financial charges | 65 | €29,268 | €21,098 | -€8,170 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,340 | -€32,700 | -€4,360 | -15.4% |
| Transfer from deferred taxes | 780 | €8,333 | €8,333 | = | 0.0% |
| Income taxes | 67/77 | €3,009 | €522 | -€2,487 | -82.6% |
| Profit (loss) for the period | 9904 | -€23,016 | -€24,889 | -€1,873 | -8.1% |
| Transfer from tax-exempt reserves | 789 | €24,999 | €24,999 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,983 | €110 | -€1,873 | -94.5% |
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 28 October 2026 via checked.be.