HELIAPP: 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.
HELIAPP
Largest movements
- Cash -€17,769
down €17,769 (-82.3%), from €21,600 to €3,831
mainly Receivables within one year (-€17,717) and Investment in fixed assets (net) (-€8,575)
- Receivables within one year +€17,717
up €17,717 (+250.3%), from €7,079 to €24,795
of which Trade receivables: +€16,517
- Tangible fixed assets +€4,409
up €4,409 (+28.4%), from €15,547 to €19,956
of which Furniture and vehicles: +€5,559
- Other debts -€5,801
down €5,801 (-55.0%), from €10,540 to €4,739
- Current portion of long-term debt +€4,332
new in 2025: €4,332
- Tax, wage and social debts +€3,566
up €3,566 (+77.9%), from €4,576 to €8,142
of which Taxes: +€2,174
- Profit (loss) carried forward +€3,229
up €3,229 (+12.1%), from €26,648 to €29,877
- Trade debts -€1,314
down €1,314 (-47.1%), from €2,789 to €1,475
- Gross operating margin +€2,704
up €2,704 (+18.6%), from €14,564 to €17,268
- Depreciation +€1,327
up €1,327 (+46.7%), from €2,839 to €4,166
- Other operating charges +€1,066
up €1,066 (+154.4%), from €690 to €1,756
- Taxes +€519
up €519 (+23.0%), from €2,252 to €2,771
- Financial charges -€475
down €475 (-20.5%), from €2,321 to €1,846
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 | €48,009 | €52,783 | +€4,774 | +9.9% |
| Fixed assets | 21/28 | €16,197 | €20,606 | +€4,409 | +27.2% |
| Tangible fixed assets | 22/27 | €15,547 | €19,956 | +€4,409 | +28.4% |
| Land and buildings | 22 | €10,946 | €9,796 | -€1,150 | -10.5% |
| Furniture and vehicles | 24 | €4,602 | €10,161 | +€5,559 | +120.8% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €31,812 | €32,177 | +€364 | +1.1% |
| Amounts receivable within one year | 40/41 | €7,079 | €24,795 | +€17,717 | +250.3% |
| Trade receivables | 40 | €7,079 | €23,595 | +€16,517 | +233.3% |
| Other amounts receivable | 41 | €0 | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €21,600 | €3,831 | -€17,769 | -82.3% |
| Deferred charges and accrued income | 490/1 | €3,134 | €3,550 | +€417 | +13.3% |
| Total equity and liabilities | 10/49 | €48,009 | €52,783 | +€4,774 | +9.9% |
| Equity | 10/15 | €29,648 | €32,877 | +€3,229 | +10.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,648 | €29,877 | +€3,229 | +12.1% |
| Amounts payable | 17/49 | €18,361 | €19,906 | +€1,544 | +8.4% |
| Amounts payable after more than one year | 17 | - | €1,111 | +€1,111 | |
| Financial debts | 170/4 | - | €1,111 | +€1,111 | |
| Amounts payable within one year | 42/48 | €17,905 | €18,688 | +€782 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,332 | +€4,332 | |
| Trade debts | 44 | €2,789 | €1,475 | -€1,314 | -47.1% |
| Suppliers | 440/4 | €2,789 | €1,475 | -€1,314 | -47.1% |
| Taxes, remuneration and social security | 45 | €4,576 | €8,142 | +€3,566 | +77.9% |
| Taxes | 450/3 | €3,968 | €6,142 | +€2,174 | +54.8% |
| Remuneration and social security | 454/9 | €608 | €2,000 | +€1,392 | +228.9% |
| Other amounts payable | 47/48 | €10,540 | €4,739 | -€5,801 | -55.0% |
| Accrued charges and deferred income | 492/3 | €456 | €107 | -€349 | -76.6% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,839 | €4,166 | +€1,327 | +46.7% |
| Other operating charges | 640/8 | €690 | €1,756 | +€1,066 | +154.4% |
| Gross operating margin | 9900 | €14,564 | €17,268 | +€2,704 | +18.6% |
| Operating profit (loss) | 9901 | €11,035 | €11,346 | +€311 | +2.8% |
| Financial income | 75/76B | €123 | - | -€123 | |
| Recurring financial income | 75 | €123 | - | -€123 | |
| Financial charges | 65/66B | €2,321 | €1,846 | -€475 | -20.5% |
| Recurring financial charges | 65 | €2,321 | €1,846 | -€475 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €8,837 | €9,500 | +€662 | +7.5% |
| Income taxes | 67/77 | €2,252 | €2,771 | +€519 | +23.0% |
| Profit (loss) for the period | 9904 | €6,586 | €6,729 | +€144 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,586 | €6,729 | +€144 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.