HELICOPTER: 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.
HELICOPTER
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€41,436
down €41,436 (-32.4%), from €127,888 to €86,452
mainly Current investments (-€70,000) and Tax, wage and social debts (-€8,812)
- Tangible fixed assets -€29,721
down €29,721 (-22.3%), from €133,518 to €103,797
of which Land and buildings: -€32,436
- Tax, wage and social debts -€8,812
down €8,812 (-80.9%), from €10,896 to €2,084
of which Remuneration and social security: -€7,457
- Trade debts +€8,566
up €8,566 (+237.8%), from €3,603 to €12,169
- Gross operating margin -€25,188
down €25,188 (-28.0%), from €89,830 to €64,642
- Staff costs -€8,319
down €8,319 (-25.0%), from €33,298 to €24,979
- Taxes -€7,057
down €7,057 (-99.4%), from €7,099 to €42
- Depreciation +€2,035
up €2,035 (+5.8%), from €34,863 to €36,898
- Financial income -€939
down €939 (-57.6%), from €1,630 to €692
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 | €290,879 | €290,261 | -€618 | -0.2% |
| Fixed assets | 21/28 | €133,518 | €103,797 | -€29,721 | -22.3% |
| Tangible fixed assets | 22/27 | €133,518 | €103,797 | -€29,721 | -22.3% |
| Land and buildings | 22 | €126,220 | €93,784 | -€32,436 | -25.7% |
| Plant, machinery and equipment | 23 | €7,299 | €10,013 | +€2,715 | +37.2% |
| Current assets | 29/58 | €157,361 | €186,464 | +€29,103 | +18.5% |
| Stocks and contracts in progress | 3 | €1,442 | €877 | -€566 | -39.2% |
| Stocks | 30/36 | €1,442 | €877 | -€566 | -39.2% |
| Amounts receivable within one year | 40/41 | €25,021 | €25,886 | +€865 | +3.5% |
| Trade receivables | 40 | €3,559 | €9,894 | +€6,335 | +178.0% |
| Other amounts receivable | 41 | €21,462 | €15,992 | -€5,471 | -25.5% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €127,888 | €86,452 | -€41,436 | -32.4% |
| Deferred charges and accrued income | 490/1 | €3,009 | €3,250 | +€240 | +8.0% |
| Total equity and liabilities | 10/49 | €290,879 | €290,261 | -€618 | -0.2% |
| Equity | 10/15 | €266,425 | €265,395 | -€1,030 | -0.4% |
| Contributions | 10/11 | €139,764 | €139,764 | = | 0.0% |
| Reserves | 13 | €126,661 | €126,661 | = | 0.0% |
| Distributable reserves | 133 | €126,661 | €126,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,030 | -€1,030 | |
| Amounts payable | 17/49 | €24,454 | €24,865 | +€412 | +1.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,454 | €24,828 | +€374 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,603 | €12,169 | +€8,566 | +237.8% |
| Suppliers | 440/4 | €3,603 | €12,169 | +€8,566 | +237.8% |
| Taxes, remuneration and social security | 45 | €10,896 | €2,084 | -€8,812 | -80.9% |
| Taxes | 450/3 | €1,355 | €0 | -€1,355 | -100.0% |
| Remuneration and social security | 454/9 | €9,541 | €2,084 | -€7,457 | -78.2% |
| Other amounts payable | 47/48 | €9,955 | €10,575 | +€620 | +6.2% |
| Accrued charges and deferred income | 492/3 | €0 | €37 | +€37 | |
| Remuneration, social security and pensions | 62 | €33,298 | €24,979 | -€8,319 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,863 | €36,898 | +€2,035 | +5.8% |
| Other operating charges | 640/8 | €3,337 | €3,491 | +€154 | +4.6% |
| Gross operating margin | 9900 | €89,830 | €64,642 | -€25,188 | -28.0% |
| Operating profit (loss) | 9901 | €18,332 | -€727 | -€19,058 | |
| Financial income | 75/76B | €1,630 | €692 | -€939 | -57.6% |
| Recurring financial income | 75 | €1,630 | €692 | -€939 | -57.6% |
| Financial charges | 65/66B | €807 | €953 | +€146 | +18.1% |
| Recurring financial charges | 65 | €807 | €953 | +€146 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €19,156 | -€988 | -€20,143 | |
| Income taxes | 67/77 | €7,099 | €42 | -€7,057 | -99.4% |
| Profit (loss) for the period | 9904 | €12,056 | -€1,030 | -€13,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,056 | -€1,030 | -€13,086 |
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 6 October 2026 via checked.be.