HELIO+: 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.
HELIO+
Largest movements
- Receivables within one year +€51,504
up €51,504 (+32.6%), from €158,197 to €209,701
of which Other amounts receivable: +€62,365
- Cash -€36,516
down €36,516 (-22.1%), from €165,144 to €128,628
mainly Receivables within one year (-€51,504) and Stocks and contracts (-€16,326)
- Stocks and contracts +€16,326
up €16,326 (+4.1%), from €397,828 to €414,154
- Tangible fixed assets -€9,250
down €9,250 (-43.6%), from €21,206 to €11,956
- Deferred charges and accrued income +€8,077
new in 2025: €8,077
- Reserves +€28,688
up €28,688 (+4.1%), from €701,913 to €730,601
- Other operating charges +€63,609
up €63,609 (+2,130%), from €2,987 to €66,596
- Gross operating margin +€61,401
up €61,401 (+42.1%), from €145,791 to €207,192
- Depreciation -€29,765
down €29,765 (-76.3%), from €39,015 to €9,250
- Staff costs +€7,781
up €7,781 (+8.8%), from €87,955 to €95,736
- Taxes +€4,741
up €4,741 (+148%), from €3,203 to €7,944
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 | €744,749 | €772,516 | +€27,767 | +3.7% |
| Fixed assets | 21/28 | €23,579 | €11,956 | -€11,623 | -49.3% |
| Tangible fixed assets | 22/27 | €21,206 | €11,956 | -€9,250 | -43.6% |
| Furniture and vehicles | 24 | €21,206 | €11,956 | -€9,250 | -43.6% |
| Financial fixed assets | 28 | €2,373 | - | -€2,373 | |
| Current assets | 29/58 | €721,169 | €760,561 | +€39,392 | +5.5% |
| Stocks and contracts in progress | 3 | €397,828 | €414,154 | +€16,326 | +4.1% |
| Stocks | 30/36 | €397,828 | €414,154 | +€16,326 | +4.1% |
| Amounts receivable within one year | 40/41 | €158,197 | €209,701 | +€51,504 | +32.6% |
| Trade receivables | 40 | €84,637 | €73,777 | -€10,860 | -12.8% |
| Other amounts receivable | 41 | €73,560 | €135,925 | +€62,365 | +84.8% |
| Cash at bank and in hand | 54/58 | €165,144 | €128,628 | -€36,516 | -22.1% |
| Deferred charges and accrued income | 490/1 | - | €8,077 | +€8,077 | |
| Total equity and liabilities | 10/49 | €744,749 | €772,516 | +€27,767 | +3.7% |
| Equity | 10/15 | €731,913 | €760,601 | +€28,688 | +3.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €701,913 | €730,601 | +€28,688 | +4.1% |
| Distributable reserves | 133 | €701,913 | €730,601 | +€28,688 | +4.1% |
| Amounts payable | 17/49 | €12,836 | €11,915 | -€921 | -7.2% |
| Amounts payable within one year | 42/48 | €12,836 | €11,915 | -€921 | -7.2% |
| Trade debts | 44 | €3,150 | €361 | -€2,789 | -88.5% |
| Suppliers | 440/4 | €3,150 | €361 | -€2,789 | -88.5% |
| Taxes, remuneration and social security | 45 | €9,685 | €11,554 | +€1,869 | +19.3% |
| Remuneration and social security | 454/9 | €9,685 | €11,554 | +€1,869 | +19.3% |
| Remuneration, social security and pensions | 62 | €87,955 | €95,736 | +€7,781 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,015 | €9,250 | -€29,765 | -76.3% |
| Other operating charges | 640/8 | €2,987 | €66,596 | +€63,609 | +2,130% |
| Gross operating margin | 9900 | €145,791 | €207,192 | +€61,401 | +42.1% |
| Operating profit (loss) | 9901 | €15,833 | €35,609 | +€19,776 | +125% |
| Financial income | 75/76B | €488 | €1,509 | +€1,021 | +209% |
| Recurring financial income | 75 | €488 | €1,509 | +€1,021 | +209% |
| Financial charges | 65/66B | €1,290 | €486 | -€804 | -62.3% |
| Recurring financial charges | 65 | €1,290 | €486 | -€804 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €15,031 | €36,632 | +€21,601 | +144% |
| Income taxes | 67/77 | €3,203 | €7,944 | +€4,741 | +148% |
| Profit (loss) for the period | 9904 | €11,828 | €28,688 | +€16,860 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €11,828 | €28,688 | +€16,860 | +143% |
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 17 October 2026 via checked.be.