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
- Tangible fixed assets -€133,765
down €133,765 (-17.3%), from €774,370 to €640,604
of which Leasing and similar rights: -€113,242
- Receivables within one year -€38,418
down €38,418 (-19.9%), from €193,395 to €154,977
of which Trade receivables: -€28,154
- Debts after one year -€196,710
down €196,710 (-29.6%), from €663,484 to €466,774
- Profit (loss) carried forward -€80,833
down €80,833 (-112%), from -€72,272 to -€153,105
- Current portion of long-term debt +€50,475
up €50,475 (+24.9%), from €202,420 to €252,895
- Trade debts +€49,960
up €49,960 (+73.4%), from €68,050 to €118,010
- Other debts -€46,093
down €46,093 (-54.4%), from €84,657 to €38,564
- Gross operating margin +€153,222
up €153,222 (+27.6%), from €554,567 to €707,790
- Other operating charges +€37,430
up €37,430 (+74.0%), from €50,614 to €88,044
- Depreciation -€16,001
down €16,001 (-11.8%), from €135,185 to €119,184
- Financial charges +€10,462
up €10,462 (+20.9%), from €50,174 to €60,636
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 | €1,000,677 | €820,981 | -€179,696 | -18.0% |
| Fixed assets | 21/28 | €791,726 | €657,960 | -€133,765 | -16.9% |
| Tangible fixed assets | 22/27 | €774,370 | €640,604 | -€133,765 | -17.3% |
| Land and buildings | 22 | €531,501 | €509,218 | -€22,283 | -4.2% |
| Plant, machinery and equipment | 23 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Furniture and vehicles | 24 | €2,144 | €5,903 | +€3,759 | +175% |
| Leasing and similar rights | 25 | €236,725 | €123,483 | -€113,242 | -47.8% |
| Other tangible fixed assets | 26 | €1,000 | - | -€1,000 | |
| Financial fixed assets | 28 | €17,356 | €17,356 | = | 0.0% |
| Current assets | 29/58 | €208,952 | €163,021 | -€45,931 | -22.0% |
| Amounts receivable within one year | 40/41 | €193,395 | €154,977 | -€38,418 | -19.9% |
| Trade receivables | 40 | €173,257 | €145,103 | -€28,154 | -16.3% |
| Other amounts receivable | 41 | €20,138 | €9,875 | -€10,264 | -51.0% |
| Cash at bank and in hand | 54/58 | €7,974 | €4,071 | -€3,903 | -49.0% |
| Deferred charges and accrued income | 490/1 | €7,582 | €3,973 | -€3,610 | -47.6% |
| Total equity and liabilities | 10/49 | €1,000,677 | €820,981 | -€179,696 | -18.0% |
| Equity | 10/15 | -€51,812 | -€132,645 | -€80,833 | -156% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,272 | -€153,105 | -€80,833 | -112% |
| Amounts payable | 17/49 | €1,052,489 | €953,625 | -€98,864 | -9.4% |
| Amounts payable after more than one year | 17 | €663,484 | €466,774 | -€196,710 | -29.6% |
| Financial debts | 170/4 | €663,484 | €466,774 | -€196,710 | -29.6% |
| Amounts payable within one year | 42/48 | €389,006 | €486,851 | +€97,846 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €202,420 | €252,895 | +€50,475 | +24.9% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €68,050 | €118,010 | +€49,960 | +73.4% |
| Suppliers | 440/4 | €68,050 | €118,010 | +€49,960 | +73.4% |
| Taxes, remuneration and social security | 45 | €33,879 | €77,383 | +€43,504 | +128% |
| Taxes | 450/3 | €3,865 | €6,746 | +€2,881 | +74.5% |
| Remuneration and social security | 454/9 | €30,013 | €70,637 | +€40,623 | +135% |
| Other amounts payable | 47/48 | €84,657 | €38,564 | -€46,093 | -54.4% |
| Non-recurring operating income | 76A | €17,500 | - | -€17,500 | |
| Remuneration, social security and pensions | 62 | €527,449 | €520,468 | -€6,981 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,185 | €119,184 | -€16,001 | -11.8% |
| Other operating charges | 640/8 | €50,614 | €88,044 | +€37,430 | +74.0% |
| Gross operating margin | 9900 | €554,567 | €707,790 | +€153,222 | +27.6% |
| Operating profit (loss) | 9901 | -€158,681 | -€19,906 | +€138,774 | +87.5% |
| Financial income | 75/76B | €3 | €116 | +€114 | +4,025% |
| Recurring financial income | 75 | €3 | €116 | +€114 | +4,025% |
| Financial charges | 65/66B | €50,174 | €60,636 | +€10,462 | +20.9% |
| Recurring financial charges | 65 | €50,174 | €60,636 | +€10,462 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€208,851 | -€80,426 | +€128,425 | +61.5% |
| Income taxes | 67/77 | €540 | €406 | -€133 | -24.7% |
| Profit (loss) for the period | 9904 | -€209,391 | -€80,833 | +€128,559 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,391 | -€80,833 | +€128,559 | +61.4% |
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 1 November 2026 via checked.be.