HELIODORE: what changed
Two fiscal 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.
HELIODORE
Largest movements
- Deferred charges and accrued income +€6,623
up €6,623 (+633.6%), from €1,045 to €7,668
- Receivables within one year -€3,650
down €3,650 (-4.6%), from €79,515 to €75,864
of which Trade receivables: -€3,900
- Cash -€2,614
no longer reported in 2025 (was €2,614)
mainly Deferred charges and accrued income (-€6,623) and Tax, wage and social debts (-€2,763)
- Profit (loss) carried forward +€3,867
up €3,867 (+5.1%), from €75,828 to €79,695
- Tax, wage and social debts -€2,763
down €2,763 (-39.2%), from €7,044 to €4,281
- Gross operating margin -€4,577
down €4,577 (-33.0%), from €13,892 to €9,314
- Taxes +€1,434
up €1,434 (+106.1%), from €1,352 to €2,786
- Other operating charges +€330
up €330 (+28.4%), from €1,161 to €1,491
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 | €85,077 | €85,435 | +€359 | +0.4% |
| Current assets | 29/58 | €85,077 | €85,435 | +€359 | +0.4% |
| Stocks and contracts in progress | 3 | €1,903 | €1,903 | = | 0.0% |
| Stocks | 30/36 | €1,903 | €1,903 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,515 | €75,864 | -€3,650 | -4.6% |
| Trade receivables | 40 | €3,900 | - | -€3,900 | |
| Other amounts receivable | 41 | €75,615 | €75,864 | +€250 | +0.3% |
| Cash at bank and in hand | 54/58 | €2,614 | - | -€2,614 | |
| Deferred charges and accrued income | 490/1 | €1,045 | €7,668 | +€6,623 | +633.6% |
| Total equity and liabilities | 10/49 | €85,077 | €85,435 | +€359 | +0.4% |
| Equity | 10/15 | €76,828 | €80,695 | +€3,867 | +5.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,828 | €79,695 | +€3,867 | +5.1% |
| Amounts payable | 17/49 | €8,248 | €4,740 | -€3,508 | -42.5% |
| Amounts payable within one year | 42/48 | €8,248 | €4,740 | -€3,508 | -42.5% |
| Trade debts | 44 | €1,205 | €459 | -€746 | -61.9% |
| Suppliers | 440/4 | €1,205 | €459 | -€746 | -61.9% |
| Taxes, remuneration and social security | 45 | €7,044 | €4,281 | -€2,763 | -39.2% |
| Taxes | 450/3 | €7,044 | €4,281 | -€2,763 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | - | -€8 | |
| Other operating charges | 640/8 | €1,161 | €1,491 | +€330 | +28.4% |
| Non-recurring operating charges | 66A | €132 | €1,045 | +€914 | +694.1% |
| Gross operating margin | 9900 | €13,892 | €9,314 | -€4,577 | -33.0% |
| Operating profit (loss) | 9901 | €12,591 | €6,778 | -€5,813 | -46.2% |
| Financial charges | 65/66B | €129 | €125 | -€5 | -3.7% |
| Recurring financial charges | 65 | €129 | €125 | -€5 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €12,462 | €6,653 | -€5,808 | -46.6% |
| Income taxes | 67/77 | €1,352 | €2,786 | +€1,434 | +106.1% |
| Profit (loss) for the period | 9904 | €11,110 | €3,867 | -€7,243 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,110 | €3,867 | -€7,243 | -65.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.