HELIN: 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.
HELIN
Largest movements
- Cash +€77,276
up €77,276 (+312.6%), from €24,718 to €101,994
mainly Net result for the year (+€64,914) and Trade debts (+€27,284)
- Receivables within one year +€49,456
up €49,456 (+93.3%), from €52,982 to €102,438
of which Other amounts receivable: +€57,850
- Tangible fixed assets -€9,477
down €9,477 (-22.5%), from €42,115 to €32,638
of which Furniture and vehicles: -€8,289
- Profit (loss) carried forward +€64,914
up €64,914 (+1278.2%), from €5,078 to €69,992
- Trade debts +€27,284
up €27,284 (+235.2%), from €11,599 to €38,883
- Tax, wage and social debts +€22,845
up €22,845 (+352.5%), from €6,480 to €29,325
- Accrued charges and deferred income +€8,060
new in 2024: €8,060
- Contributions -€6,200
no longer reported in 2024 (was €6,200)
- Turnover -€824,230
no longer reported in 2024 (was €824,230)
- Purchases and services -€45,578
down €45,578 (-7.7%), from €595,149 to €549,571
- Staff costs -€30,284
down €30,284 (-18.6%), from €162,593 to €132,309
- Taxes +€24,512
new in 2024: €24,512
- Other operating charges -€13,236
down €13,236 (-79.8%), from €16,577 to €3,341
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,713 | €250,969 | +€117,256 | +87.7% |
| Fixed assets | 21/28 | €43,690 | €34,213 | -€9,477 | -21.7% |
| Tangible fixed assets | 22/27 | €42,115 | €32,638 | -€9,477 | -22.5% |
| Plant, machinery and equipment | 23 | €26,983 | €23,438 | -€3,546 | -13.1% |
| Furniture and vehicles | 24 | €15,131 | €6,842 | -€8,289 | -54.8% |
| Leasing and similar rights | 25 | - | €2,358 | +€2,358 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €90,023 | €216,756 | +€126,733 | +140.8% |
| Stocks and contracts in progress | 3 | €2,912 | €2,912 | = | 0.0% |
| Stocks | 30/36 | €2,912 | €2,912 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,982 | €102,438 | +€49,456 | +93.3% |
| Trade receivables | 40 | €43,643 | €35,250 | -€8,393 | -19.2% |
| Other amounts receivable | 41 | €9,338 | €67,188 | +€57,850 | +619.5% |
| Cash at bank and in hand | 54/58 | €24,718 | €101,994 | +€77,276 | +312.6% |
| Deferred charges and accrued income | 490/1 | €9,412 | €9,412 | = | 0.0% |
| Total equity and liabilities | 10/49 | €133,713 | €250,969 | +€117,256 | +87.7% |
| Equity | 10/15 | €115,634 | €172,487 | +€56,854 | +49.2% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €104,355 | €102,495 | -€1,860 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €102,495 | €102,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,078 | €69,992 | +€64,914 | +1278.2% |
| Amounts payable | 17/49 | €18,079 | €78,481 | +€60,402 | +334.1% |
| Amounts payable after more than one year | 17 | - | €553 | +€553 | |
| Financial debts | 170/4 | - | €553 | +€553 | |
| Amounts payable within one year | 42/48 | €18,079 | €69,868 | +€51,789 | +286.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,660 | +€1,660 | |
| Trade debts | 44 | €11,599 | €38,883 | +€27,284 | +235.2% |
| Suppliers | 440/4 | €11,599 | €38,883 | +€27,284 | +235.2% |
| Taxes, remuneration and social security | 45 | €6,480 | €29,325 | +€22,845 | +352.5% |
| Taxes | 450/3 | €6,480 | €29,325 | +€22,845 | +352.5% |
| Accrued charges and deferred income | 492/3 | - | €8,060 | +€8,060 | |
| Turnover | 70 | €824,230 | - | -€824,230 | |
| Goods, raw materials, services and sundry goods | 60/61 | €595,149 | €549,571 | -€45,578 | -7.7% |
| Remuneration, social security and pensions | 62 | €162,593 | €132,309 | -€30,284 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,265 | €19,288 | +€3,023 | +18.6% |
| Other operating charges | 640/8 | €16,577 | €3,341 | -€13,236 | -79.8% |
| Gross operating margin | 9900 | €233,031 | €243,087 | +€10,056 | +4.3% |
| Operating profit (loss) | 9901 | €37,597 | €88,149 | +€50,553 | +134.5% |
| Financial income | 75/76B | €1 | €2,457 | +€2,455 | +174127.0% |
| Recurring financial income | 75 | €1 | €2,457 | +€2,455 | +174127.0% |
| Financial charges | 65/66B | €4,439 | €1,180 | -€3,260 | -73.4% |
| Recurring financial charges | 65 | €4,439 | €1,180 | -€3,260 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €33,158 | €89,426 | +€56,268 | +169.7% |
| Income taxes | 67/77 | - | €24,512 | +€24,512 | |
| Profit (loss) for the period | 9904 | €33,158 | €64,914 | +€31,755 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,158 | €64,914 | +€31,755 | +95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.