Helical: 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.
Helical
Largest movements
- Tangible fixed assets -€52,192
down €52,192 (-6.7%), from €779,553 to €727,361
of which Land and buildings: -€27,888
- Receivables within one year -€21,965
down €21,965 (-74.7%), from €29,401 to €7,437
of which Trade receivables: -€22,002
- Debts after one year -€85,916
down €85,916 (-15.9%), from €540,296 to €454,379
- Profit (loss) carried forward -€45,239
new in 2025: -€45,239
- Current portion of long-term debt +€28,570
up €28,570 (+135.9%), from €21,024 to €49,593
- Other debts +€17,378
up €17,378 (+8.9%), from €195,458 to €212,836
- Gross operating margin -€69,132
down €69,132 (-60.4%), from €114,396 to €45,264
- Taxes -€3,508
down €3,508 (-95.5%), from €3,673 to €164
- Financial charges -€2,604
down €2,604 (-10.2%), from €25,469 to €22,865
- Depreciation +€2,387
up €2,387 (+3.9%), from €61,420 to €63,807
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 | €817,971 | €736,288 | -€81,683 | -10.0% |
| Fixed assets | 21/28 | €779,553 | €727,361 | -€52,192 | -6.7% |
| Tangible fixed assets | 22/27 | €779,553 | €727,361 | -€52,192 | -6.7% |
| Land and buildings | 22 | €674,209 | €646,321 | -€27,888 | -4.1% |
| Plant, machinery and equipment | 23 | €62,453 | €49,872 | -€12,581 | -20.1% |
| Furniture and vehicles | 24 | €42,891 | €31,168 | -€11,723 | -27.3% |
| Current assets | 29/58 | €38,418 | €8,927 | -€29,491 | -76.8% |
| Amounts receivable within one year | 40/41 | €29,401 | €7,437 | -€21,965 | -74.7% |
| Trade receivables | 40 | €27,666 | €5,664 | -€22,002 | -79.5% |
| Other amounts receivable | 41 | €1,736 | €1,773 | +€37 | +2.1% |
| Cash at bank and in hand | 54/58 | €7,996 | €1,072 | -€6,924 | -86.6% |
| Deferred charges and accrued income | 490/1 | €1,021 | €418 | -€602 | -59.0% |
| Total equity and liabilities | 10/49 | €817,971 | €736,288 | -€81,683 | -10.0% |
| Equity | 10/15 | €48,654 | €3,414 | -€45,239 | -93.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €8,654 | €8,654 | = | 0.0% |
| Distributable reserves | 133 | €8,654 | €8,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€45,239 | -€45,239 | |
| Amounts payable | 17/49 | €769,317 | €732,873 | -€36,444 | -4.7% |
| Amounts payable after more than one year | 17 | €540,296 | €454,379 | -€85,916 | -15.9% |
| Financial debts | 170/4 | €540,296 | €454,379 | -€85,916 | -15.9% |
| Amounts payable within one year | 42/48 | €229,021 | €278,494 | +€49,473 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €21,024 | €49,593 | +€28,570 | +135.9% |
| Trade debts | 44 | €8,335 | €10,865 | +€2,531 | +30.4% |
| Suppliers | 440/4 | €8,335 | €10,865 | +€2,531 | +30.4% |
| Taxes, remuneration and social security | 45 | €4,205 | €5,199 | +€994 | +23.6% |
| Taxes | 450/3 | €4,205 | €5,199 | +€994 | +23.6% |
| Other amounts payable | 47/48 | €195,458 | €212,836 | +€17,378 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,420 | €63,807 | +€2,387 | +3.9% |
| Other operating charges | 640/8 | €4,278 | €3,667 | -€610 | -14.3% |
| Gross operating margin | 9900 | €114,396 | €45,264 | -€69,132 | -60.4% |
| Operating profit (loss) | 9901 | €48,698 | -€22,210 | -€70,909 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €25,469 | €22,865 | -€2,604 | -10.2% |
| Recurring financial charges | 65 | €25,469 | €22,865 | -€2,604 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €23,231 | -€45,075 | -€68,306 | |
| Income taxes | 67/77 | €3,673 | €164 | -€3,508 | -95.5% |
| Profit (loss) for the period | 9904 | €19,559 | -€45,239 | -€64,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,559 | -€45,239 | -€64,798 |
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 4 October 2026 via checked.be.