HELIOPOLIS: 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.
HELIOPOLIS
Largest movements
- Tangible fixed assets -€85,145
down €85,145 (-6.3%), from €1.3m to €1.3m
of which Land and buildings: -€69,456
- Cash +€58,394
up €58,394 (+232%), from €25,214 to €83,607
mainly Net result for the year (+€185,420) and Depreciation (+€96,479)
- Receivables within one year +€25,239
up €25,239 (+369%), from €6,843 to €32,082
- Debts after one year -€129,951
down €129,951 (-17.9%), from €724,525 to €594,574
of which Financial debts: -€127,926
- Other debts +€65,608
up €65,608 (+73,502%), from €89 to €65,697
- Reserves +€44,945
up €44,945 (+10.8%), from €417,937 to €462,882
of which Distributable reserves: +€44,945
- Tax, wage and social debts +€14,749
up €14,749 (+68.9%), from €21,410 to €36,158
of which Taxes: +€15,166
- Gross operating margin +€63,275
up €63,275 (+16.5%), from €383,366 to €446,641
- Taxes +€17,455
up €17,455 (+85.5%), from €20,408 to €37,863
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 | €1,374,553 | €1,373,041 | -€1,512 | -0.1% |
| Fixed assets | 21/28 | €1,342,497 | €1,257,352 | -€85,145 | -6.3% |
| Tangible fixed assets | 22/27 | €1,342,416 | €1,257,271 | -€85,145 | -6.3% |
| Land and buildings | 22 | €1,260,227 | €1,190,771 | -€69,456 | -5.5% |
| Plant, machinery and equipment | 23 | €6,999 | €9,482 | +€2,484 | +35.5% |
| Furniture and vehicles | 24 | €75,189 | €57,017 | -€18,172 | -24.2% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €32,057 | €115,689 | +€83,632 | +261% |
| Amounts receivable within one year | 40/41 | €6,843 | €32,082 | +€25,239 | +369% |
| Trade receivables | 40 | €6,843 | €32,082 | +€25,239 | +369% |
| Cash at bank and in hand | 54/58 | €25,214 | €83,607 | +€58,394 | +232% |
| Total equity and liabilities | 10/49 | €1,374,553 | €1,373,041 | -€1,512 | -0.1% |
| Equity | 10/15 | €479,437 | €524,382 | +€44,945 | +9.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €417,937 | €462,882 | +€44,945 | +10.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €411,787 | €456,732 | +€44,945 | +10.9% |
| Amounts payable | 17/49 | €895,116 | €848,659 | -€46,457 | -5.2% |
| Amounts payable after more than one year | 17 | €724,525 | €594,574 | -€129,951 | -17.9% |
| Financial debts | 170/4 | €722,500 | €594,574 | -€127,926 | -17.7% |
| Other amounts payable | 178/9 | €2,025 | - | -€2,025 | |
| Amounts payable within one year | 42/48 | €170,592 | €253,375 | +€82,783 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €136,310 | €138,495 | +€2,185 | +1.6% |
| Trade debts | 44 | €12,783 | €13,025 | +€242 | +1.9% |
| Suppliers | 440/4 | €12,783 | €13,025 | +€242 | +1.9% |
| Taxes, remuneration and social security | 45 | €21,410 | €36,158 | +€14,749 | +68.9% |
| Taxes | 450/3 | €7,702 | €22,868 | +€15,166 | +197% |
| Remuneration and social security | 454/9 | €13,708 | €13,290 | -€418 | -3.0% |
| Other amounts payable | 47/48 | €89 | €65,697 | +€65,608 | +73,502% |
| Accrued charges and deferred income | 492/3 | - | €711 | +€711 | |
| Remuneration, social security and pensions | 62 | €106,329 | €110,540 | +€4,211 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,940 | €96,479 | +€3,540 | +3.8% |
| Other operating charges | 640/8 | €3,286 | €2,955 | -€331 | -10.1% |
| Gross operating margin | 9900 | €383,366 | €446,641 | +€63,275 | +16.5% |
| Operating profit (loss) | 9901 | €180,811 | €236,667 | +€55,856 | +30.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €15,598 | €13,384 | -€2,215 | -14.2% |
| Recurring financial charges | 65 | €15,598 | €13,384 | -€2,215 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €165,213 | €223,283 | +€58,071 | +35.1% |
| Income taxes | 67/77 | €20,408 | €37,863 | +€17,455 | +85.5% |
| Profit (loss) for the period | 9904 | €144,804 | €185,420 | +€40,616 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,804 | €185,420 | +€40,616 | +28.0% |
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 1 November 2026 via checked.be.