Helicus: 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.
Helicus
Largest movements
- Cash -€1.3m
down €1.3m (-91.8%), from €1.4m to €113,821
mainly Current investments (-€985,000) and Advances received (-€311,976)
- Current investments +€985,000
up €985,000 (+53.7%), from €1.8m to €2.8m
- Receivables within one year -€53,264
down €53,264 (-13.0%), from €408,249 to €354,985
of which Other amounts receivable: -€168,538
- Advances received -€311,976
down €311,976 (-12.2%), from €2.6m to €2.3m
- Accrued charges and deferred income -€228,141
down €228,141 (-66.5%), from €343,125 to €114,984
- Trade debts +€91,879
up €91,879 (+190%), from €48,270 to €140,149
- Contributions +€50,000
up €50,000 (+23.9%), from €209,000 to €259,000
- Reserves +€44,852
up €44,852 (+10.0%), from €447,377 to €492,229
of which Distributable reserves: +€44,852
- Turnover +€536,377
new in 2025: €536,377
- Purchases and services +€464,630
new in 2025: €464,630
- Financial income -€50,698
down €50,698 (-53.9%), from €94,092 to €43,393
- Staff costs +€49,870
up €49,870 (+20.2%), from €246,610 to €296,480
- Other operating charges -€38,785
down €38,785 (-80.3%), from €48,320 to €9,535
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 | €3,667,825 | €3,320,141 | -€347,684 | -9.5% |
| Fixed assets | 21/28 | €29,231 | €25,013 | -€4,218 | -14.4% |
| Tangible fixed assets | 22/27 | €26,281 | €24,763 | -€1,518 | -5.8% |
| Plant, machinery and equipment | 23 | €9,527 | €6,435 | -€3,092 | -32.5% |
| Furniture and vehicles | 24 | €15,324 | €18,328 | +€3,003 | +19.6% |
| Other tangible fixed assets | 26 | €1,430 | €0 | -€1,430 | -100% |
| Financial fixed assets | 28 | €2,950 | €250 | -€2,700 | -91.5% |
| Current assets | 29/58 | €3,638,594 | €3,295,129 | -€343,465 | -9.4% |
| Amounts receivable within one year | 40/41 | €408,249 | €354,985 | -€53,264 | -13.0% |
| Trade receivables | 40 | €15,717 | €130,990 | +€115,274 | +733% |
| Other amounts receivable | 41 | €392,532 | €223,995 | -€168,538 | -42.9% |
| Current investments | 50/53 | €1,835,000 | €2,820,000 | +€985,000 | +53.7% |
| Cash at bank and in hand | 54/58 | €1,388,692 | €113,821 | -€1.3m | -91.8% |
| Deferred charges and accrued income | 490/1 | €6,653 | €6,322 | -€331 | -5.0% |
| Total equity and liabilities | 10/49 | €3,667,825 | €3,320,141 | -€347,684 | -9.5% |
| Equity | 10/15 | €656,377 | €751,229 | +€94,852 | +14.5% |
| Contributions | 10/11 | €209,000 | €259,000 | +€50,000 | +23.9% |
| Reserves | 13 | €447,377 | €492,229 | +€44,852 | +10.0% |
| Non-distributable reserves | 130/1 | €4,964 | €4,964 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €4,964 | €4,964 | = | 0.0% |
| Distributable reserves | 133 | €442,413 | €487,265 | +€44,852 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,011,448 | €2,568,912 | -€442,536 | -14.7% |
| Amounts payable within one year | 42/48 | €2,668,323 | €2,453,928 | -€214,395 | -8.0% |
| Trade debts | 44 | €48,270 | €140,149 | +€91,879 | +190% |
| Suppliers | 440/4 | €48,270 | €140,149 | +€91,879 | +190% |
| Advances received on contracts in progress | 46 | €2,565,882 | €2,253,905 | -€311,976 | -12.2% |
| Taxes, remuneration and social security | 45 | €16,696 | €43,256 | +€26,560 | +159% |
| Taxes | 450/3 | €24 | €9,346 | +€9,321 | +38,486% |
| Remuneration and social security | 454/9 | €16,672 | €33,910 | +€17,239 | +103% |
| Other amounts payable | 47/48 | €37,476 | €16,618 | -€20,858 | -55.7% |
| Accrued charges and deferred income | 492/3 | €343,125 | €114,984 | -€228,141 | -66.5% |
| Turnover | 70 | - | €536,377 | +€536,377 | |
| Non-recurring operating income | 76A | - | €7,706 | +€7,706 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €464,630 | +€464,630 | |
| Remuneration, social security and pensions | 62 | €246,610 | €296,480 | +€49,870 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,451 | €11,312 | -€139 | -1.2% |
| Other operating charges | 640/8 | €48,320 | €9,535 | -€38,785 | -80.3% |
| Non-recurring operating charges | 66A | €7,706 | €0 | -€7,706 | -100% |
| Gross operating margin | 9900 | €308,287 | €331,324 | +€23,037 | +7.5% |
| Operating profit (loss) | 9901 | -€5,801 | €13,997 | +€19,797 | |
| Financial income | 75/76B | €94,092 | €43,393 | -€50,698 | -53.9% |
| Recurring financial income | 75 | €94,092 | €43,393 | -€50,698 | -53.9% |
| Financial charges | 65/66B | €4,588 | €469 | -€4,119 | -89.8% |
| Recurring financial charges | 65 | €4,588 | €469 | -€4,119 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €83,703 | €56,921 | -€26,782 | -32.0% |
| Income taxes | 67/77 | €580 | €69 | -€511 | -88.2% |
| Profit (loss) for the period | 9904 | €83,123 | €56,852 | -€26,271 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,123 | €56,852 | -€26,271 | -31.6% |
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 18 October 2026 via checked.be.