HELIANTHE: 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.
HELIANTHE
Largest movements
- Receivables within one year +€64,322
up €64,322 (+297.4%), from €21,627 to €85,949
of which Trade receivables: +€60,880
- Deferred charges and accrued income -€13,998
no longer reported in 2025 (was €13,998)
- Cash -€7,246
down €7,246 (-88.8%), from €8,162 to €916
mainly Receivables within one year (-€64,322) and Net result for the year (-€15,584)
- Tangible fixed assets -€4,496
down €4,496 (-84.3%), from €5,335 to €840
of which Furniture and vehicles: -€4,345
- Financial fixed assets +€3,200
up €3,200 (+2000.0%), from €160 to €3,360
- Trade debts +€59,539
up €59,539 (+3192.1%), from €1,865 to €61,404
- Profit (loss) carried forward -€15,584
down €15,584, from €357 to -€15,228
- Current portion of long-term debt -€3,314
no longer reported in 2025 (was €3,314)
- Accrued charges and deferred income +€1,239
up €1,239 (+1116.2%), from €111 to €1,350
- Gross operating margin -€64,100
down €64,100 (-36.2%), from €177,126 to €113,026
- Staff costs +€6,997
up €6,997 (+6.2%), from €112,349 to €119,345
- Other operating charges -€5,842
down €5,842 (-52.7%), from €11,088 to €5,246
- Financial charges -€3,791
down €3,791 (-96.8%), from €3,918 to €127
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 | €49,282 | €91,064 | +€41,782 | +84.8% |
| Fixed assets | 21/28 | €5,495 | €4,200 | -€1,296 | -23.6% |
| Tangible fixed assets | 22/27 | €5,335 | €840 | -€4,496 | -84.3% |
| Plant, machinery and equipment | 23 | €324 | €173 | -€151 | -46.5% |
| Furniture and vehicles | 24 | €5,011 | €666 | -€4,345 | -86.7% |
| Financial fixed assets | 28 | €160 | €3,360 | +€3,200 | +2000.0% |
| Current assets | 29/58 | €43,787 | €86,865 | +€43,078 | +98.4% |
| Amounts receivable within one year | 40/41 | €21,627 | €85,949 | +€64,322 | +297.4% |
| Trade receivables | 40 | €9,052 | €69,932 | +€60,880 | +672.5% |
| Other amounts receivable | 41 | €12,574 | €16,016 | +€3,442 | +27.4% |
| Cash at bank and in hand | 54/58 | €8,162 | €916 | -€7,246 | -88.8% |
| Deferred charges and accrued income | 490/1 | €13,998 | - | -€13,998 | |
| Total equity and liabilities | 10/49 | €49,282 | €91,064 | +€41,782 | +84.8% |
| Equity | 10/15 | €30,817 | €15,232 | -€15,584 | -50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357 | -€15,228 | -€15,584 | |
| Amounts payable | 17/49 | €18,465 | €75,832 | +€57,367 | +310.7% |
| Amounts payable within one year | 42/48 | €18,354 | €74,482 | +€56,128 | +305.8% |
| Current portion of amounts payable after more than one year | 42 | €3,314 | - | -€3,314 | |
| Trade debts | 44 | €1,865 | €61,404 | +€59,539 | +3192.1% |
| Suppliers | 440/4 | €1,865 | €61,404 | +€59,539 | +3192.1% |
| Taxes, remuneration and social security | 45 | €11,370 | €11,690 | +€321 | +2.8% |
| Taxes | 450/3 | €1,005 | €1,000 | -€5 | -0.5% |
| Remuneration and social security | 454/9 | €10,364 | €10,690 | +€326 | +3.1% |
| Other amounts payable | 47/48 | €1,805 | €1,387 | -€418 | -23.1% |
| Accrued charges and deferred income | 492/3 | €111 | €1,350 | +€1,239 | +1116.2% |
| Remuneration, social security and pensions | 62 | €112,349 | €119,345 | +€6,997 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,979 | €4,496 | -€1,483 | -24.8% |
| Other operating charges | 640/8 | €11,088 | €5,246 | -€5,842 | -52.7% |
| Gross operating margin | 9900 | €177,126 | €113,026 | -€64,100 | -36.2% |
| Operating profit (loss) | 9901 | €47,710 | -€16,061 | -€63,771 | |
| Financial income | 75/76B | €780 | €604 | -€176 | -22.6% |
| Recurring financial income | 75 | €780 | €604 | -€176 | -22.6% |
| Financial charges | 65/66B | €3,918 | €127 | -€3,791 | -96.8% |
| Recurring financial charges | 65 | €3,918 | €127 | -€3,791 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €44,571 | -€15,584 | -€60,156 | |
| Income taxes | 67/77 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period | 9904 | €43,571 | -€15,584 | -€59,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,571 | -€15,584 | -€59,156 |
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.