HELIKON: 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.
HELIKON
Largest movements
- Cash +€573,256
up €573,256 (+61.2%), from €937,238 to €1.5m
mainly Current investments (+€399,354) and Net result for the year (+€145,529)
- Current investments -€399,354
down €399,354 (-66.4%), from €601,416 to €202,063
- Reserves +€145,529
up €145,529 (+9.3%), from €1.6m to €1.7m
of which Distributable reserves: +€145,529
- Gross operating margin -€31,140
down €31,140 (-12.7%), from €245,041 to €213,902
- Taxes -€13,690
down €13,690 (-16.2%), from €84,365 to €70,675
- Financial income -€11,966
down €11,966 (-52.0%), from €23,000 to €11,034
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 | €1,636,945 | €1,796,654 | +€159,709 | +9.8% |
| Fixed assets | 21/28 | €7,201 | €5,238 | -€1,963 | -27.3% |
| Tangible fixed assets | 22/27 | €7,201 | €5,238 | -€1,963 | -27.3% |
| Furniture and vehicles | 24 | €7,201 | €5,238 | -€1,963 | -27.3% |
| Current assets | 29/58 | €1,629,743 | €1,791,415 | +€161,672 | +9.9% |
| Amounts receivable within one year | 40/41 | €79,860 | €75,867 | -€3,993 | -5.0% |
| Trade receivables | 40 | €79,860 | €75,867 | -€3,993 | -5.0% |
| Current investments | 50/53 | €601,416 | €202,063 | -€399,354 | -66.4% |
| Cash at bank and in hand | 54/58 | €937,238 | €1,510,495 | +€573,256 | +61.2% |
| Deferred charges and accrued income | 490/1 | €11,229 | €2,991 | -€8,238 | -73.4% |
| Total equity and liabilities | 10/49 | €1,636,945 | €1,796,654 | +€159,709 | +9.8% |
| Equity | 10/15 | €1,569,130 | €1,714,659 | +€145,529 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,562,930 | €1,708,459 | +€145,529 | +9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €178 | €178 | = | 0.0% |
| Distributable reserves | 133 | €1,560,892 | €1,706,421 | +€145,529 | +9.3% |
| Amounts payable | 17/49 | €67,815 | €81,994 | +€14,180 | +20.9% |
| Amounts payable within one year | 42/48 | €67,815 | €78,509 | +€10,694 | +15.8% |
| Trade debts | 44 | - | €447 | +€447 | |
| Suppliers | 440/4 | - | €447 | +€447 | |
| Taxes, remuneration and social security | 45 | €19,358 | €28,059 | +€8,700 | +44.9% |
| Taxes | 450/3 | €19,358 | €28,059 | +€8,700 | +44.9% |
| Other amounts payable | 47/48 | €48,457 | €50,003 | +€1,547 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €3,485 | +€3,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,334 | €1,963 | -€371 | -15.9% |
| Other operating charges | 640/8 | €2,219 | €2,479 | +€260 | +11.7% |
| Gross operating margin | 9900 | €245,041 | €213,902 | -€31,140 | -12.7% |
| Operating profit (loss) | 9901 | €240,489 | €209,460 | -€31,029 | -12.9% |
| Financial income | 75/76B | €23,000 | €11,034 | -€11,966 | -52.0% |
| Recurring financial income | 75 | €23,000 | €11,034 | -€11,966 | -52.0% |
| Financial charges | 65/66B | €3,837 | €4,289 | +€452 | +11.8% |
| Recurring financial charges | 65 | €3,837 | €4,289 | +€452 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €259,652 | €216,204 | -€43,448 | -16.7% |
| Income taxes | 67/77 | €84,365 | €70,675 | -€13,690 | -16.2% |
| Profit (loss) for the period | 9904 | €175,287 | €145,529 | -€29,757 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €175,287 | €145,529 | -€29,757 | -17.0% |
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.