HÉLICE DEVELOPMENT: 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.
HÉLICE DEVELOPMENT
Largest movements
- Tangible fixed assets -€24,417
down €24,417 (-23.0%), from €106,051 to €81,634
of which Furniture and vehicles: -€22,247
- Cash -€12,007
down €12,007 (-56.1%), from €21,408 to €9,402
mainly Debts after one year (-€25,080) and Net result for the year (-€17,673)
- Receivables within one year -€4,814
down €4,814 (-37.8%), from €12,724 to €7,909
of which Other amounts receivable: -€11,943
- Debts after one year -€25,080
down €25,080 (-43.6%), from €57,560 to €32,480
- Reserves -€17,673
down €17,673 (-35.3%), from €50,030 to €32,356
- Tax, wage and social debts -€1,802
down €1,802 (-26.5%), from €6,803 to €5,001
- Trade debts +€1,435
up €1,435 (+677.0%), from €212 to €1,647
- Gross operating margin -€9,259
down €9,259 (-41.3%), from €22,435 to €13,175
- Depreciation +€4,215
up €4,215 (+18.3%), from €23,066 to €27,281
- Financial income -€1,805
down €1,805 (-87.4%), from €2,066 to €260
- Financial charges -€1,086
down €1,086 (-30.8%), from €3,525 to €2,439
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 | €141,908 | €99,564 | -€42,344 | -29.8% |
| Fixed assets | 21/28 | €106,051 | €81,634 | -€24,417 | -23.0% |
| Tangible fixed assets | 22/27 | €106,051 | €81,634 | -€24,417 | -23.0% |
| Plant, machinery and equipment | 23 | €5,766 | €3,595 | -€2,171 | -37.6% |
| Furniture and vehicles | 24 | €100,285 | €78,039 | -€22,247 | -22.2% |
| Current assets | 29/58 | €35,857 | €17,930 | -€17,927 | -50.0% |
| Amounts receivable within one year | 40/41 | €12,724 | €7,909 | -€4,814 | -37.8% |
| Trade receivables | 40 | €71 | €7,200 | +€7,129 | +10070.2% |
| Other amounts receivable | 41 | €12,653 | €710 | -€11,943 | -94.4% |
| Cash at bank and in hand | 54/58 | €21,408 | €9,402 | -€12,007 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,725 | €619 | -€1,106 | -64.1% |
| Total equity and liabilities | 10/49 | €141,908 | €99,564 | -€42,344 | -29.8% |
| Equity | 10/15 | €53,030 | €35,356 | -€17,673 | -33.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,030 | €32,356 | -€17,673 | -35.3% |
| Distributable reserves | 133 | €50,030 | €32,356 | -€17,673 | -35.3% |
| Amounts payable | 17/49 | €88,879 | €64,208 | -€24,671 | -27.8% |
| Amounts payable after more than one year | 17 | €57,560 | €32,480 | -€25,080 | -43.6% |
| Financial debts | 170/4 | €57,560 | €32,480 | -€25,080 | -43.6% |
| Amounts payable within one year | 42/48 | €31,319 | €31,728 | +€409 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €24,303 | €25,080 | +€777 | +3.2% |
| Trade debts | 44 | €212 | €1,647 | +€1,435 | +677.0% |
| Suppliers | 440/4 | €212 | €1,647 | +€1,435 | +677.0% |
| Taxes, remuneration and social security | 45 | €6,803 | €5,001 | -€1,802 | -26.5% |
| Taxes | 450/3 | €6,803 | €5,001 | -€1,802 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,066 | €27,281 | +€4,215 | +18.3% |
| Other operating charges | 640/8 | €1,136 | €1,039 | -€97 | -8.5% |
| Gross operating margin | 9900 | €22,435 | €13,175 | -€9,259 | -41.3% |
| Operating profit (loss) | 9901 | -€1,767 | -€15,144 | -€13,377 | -757.1% |
| Financial income | 75/76B | €2,066 | €260 | -€1,805 | -87.4% |
| Recurring financial income | 75 | €2,066 | €260 | -€1,805 | -87.4% |
| Financial charges | 65/66B | €3,525 | €2,439 | -€1,086 | -30.8% |
| Recurring financial charges | 65 | €3,525 | €2,439 | -€1,086 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,226 | -€17,323 | -€14,097 | -436.9% |
| Income taxes | 67/77 | €347 | €350 | +€4 | +1.0% |
| Profit (loss) for the period | 9904 | -€3,573 | -€17,673 | -€14,101 | -394.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,573 | -€17,673 | -€14,101 | -394.7% |
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 12 October 2026 via checked.be.