Heliantheae: 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.
Heliantheae
Largest movements
- Cash +€159,458
up €159,458 (+130%), from €122,944 to €282,401
mainly Net result for the year (+€502,786) and Current investments (+€61,000)
- Financial fixed assets +€95,710
up €95,710 (+9.0%), from €1.1m to €1.2m
- Current investments -€61,000
down €61,000 (-60.4%), from €100,940 to €39,940
- Reserves +€502,786
up €502,786, from €0 to €502,786
- Other debts -€240,562
down €240,562 (-27.1%), from €889,272 to €648,710
- Debts after one year -€90,833
down €90,833 (-21.9%), from €415,703 to €324,869
- Financial income +€185,873
up €185,873 (+103%), from €180,771 to €366,644
- Financial charges -€11,876
down €11,876 (-72.4%), from €16,401 to €4,525
- Taxes +€9,414
up €9,414 (+20.6%), from €45,725 to €55,139
- Depreciation +€2,757
up €2,757 (+41.9%), from €6,588 to €9,345
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 | €1,436,155 | €1,611,114 | +€174,960 | +12.2% |
| Fixed assets | 21/28 | €1,096,382 | €1,182,747 | +€86,365 | +7.9% |
| Tangible fixed assets | 22/27 | €37,334 | €27,988 | -€9,345 | -25.0% |
| Furniture and vehicles | 24 | €37,334 | €27,988 | -€9,345 | -25.0% |
| Financial fixed assets | 28 | €1,059,049 | €1,154,759 | +€95,710 | +9.0% |
| Current assets | 29/58 | €339,772 | €428,367 | +€88,595 | +26.1% |
| Amounts receivable within one year | 40/41 | €115,012 | €105,134 | -€9,878 | -8.6% |
| Trade receivables | 40 | €98,648 | €103,418 | +€4,770 | +4.8% |
| Other amounts receivable | 41 | €16,364 | €1,716 | -€14,648 | -89.5% |
| Current investments | 50/53 | €100,940 | €39,940 | -€61,000 | -60.4% |
| Cash at bank and in hand | 54/58 | €122,944 | €282,401 | +€159,458 | +130% |
| Deferred charges and accrued income | 490/1 | €876 | €892 | +€15 | +1.8% |
| Total equity and liabilities | 10/49 | €1,436,155 | €1,611,114 | +€174,960 | +12.2% |
| Equity | 10/15 | €18,600 | €521,386 | +€502,786 | +2,703% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €502,786 | +€502,786 | |
| Distributable reserves | 133 | €0 | €502,786 | +€502,786 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,417,555 | €1,089,729 | -€327,826 | -23.1% |
| Amounts payable after more than one year | 17 | €415,703 | €324,869 | -€90,833 | -21.9% |
| Financial debts | 170/4 | €415,703 | €324,869 | -€90,833 | -21.9% |
| Amounts payable within one year | 42/48 | €1,001,448 | €764,527 | -€236,921 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €89,966 | €90,833 | +€867 | +1.0% |
| Trade debts | 44 | €134 | €160 | +€26 | +19.3% |
| Suppliers | 440/4 | €134 | €160 | +€26 | +19.3% |
| Taxes, remuneration and social security | 45 | €22,076 | €24,824 | +€2,748 | +12.4% |
| Taxes | 450/3 | €22,076 | €24,824 | +€2,748 | +12.4% |
| Other amounts payable | 47/48 | €889,272 | €648,710 | -€240,562 | -27.1% |
| Accrued charges and deferred income | 492/3 | €405 | €333 | -€72 | -17.8% |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,588 | €9,345 | +€2,757 | +41.9% |
| Other operating charges | 640/8 | €1,608 | €1,465 | -€143 | -8.9% |
| Gross operating margin | 9900 | €205,639 | €206,617 | +€978 | +0.5% |
| Operating profit (loss) | 9901 | €197,443 | €195,807 | -€1,636 | -0.8% |
| Financial income | 75/76B | €180,771 | €366,644 | +€185,873 | +103% |
| Recurring financial income | 75 | €180,771 | €366,644 | +€185,873 | +103% |
| Financial charges | 65/66B | €16,401 | €4,525 | -€11,876 | -72.4% |
| Recurring financial charges | 65 | €16,401 | €4,525 | -€11,876 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €361,812 | €557,925 | +€196,113 | +54.2% |
| Income taxes | 67/77 | €45,725 | €55,139 | +€9,414 | +20.6% |
| Profit (loss) for the period | 9904 | €316,087 | €502,786 | +€186,698 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €316,087 | €502,786 | +€186,698 | +59.1% |
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 29 October 2026 via checked.be.