HELIOPSIS: 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.
HELIOPSIS
Largest movements
- Cash -€98,345
down €98,345 (-34.4%), from €285,732 to €187,386
mainly Current investments (-€78,025) and Investment in fixed assets (net) (-€41,889)
- Current investments +€78,025
up €78,025 (+37.2%), from €209,790 to €287,815
- Tangible fixed assets +€14,281
up €14,281 (+3.1%), from €454,017 to €468,298
- Other debts +€11,246
up €11,246 (+3.4%), from €327,916 to €339,162
- Gross operating margin -€11,712
down €11,712 (-42.8%), from €27,345 to €15,633
- Financial income +€4,573
up €4,573 (+24.6%), from €18,554 to €23,127
- Taxes -€2,903
down €2,903 (-97.7%), from €2,972 to €69
- Financial charges +€1,167
up €1,167 (+7.2%), from €16,272 to €17,439
- Other operating charges +€774
up €774 (+26.9%), from €2,882 to €3,656
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 | €952,422 | €952,154 | -€267 | 0.0% |
| Fixed assets | 21/28 | €454,017 | €468,298 | +€14,281 | +3.1% |
| Tangible fixed assets | 22/27 | €454,017 | €468,298 | +€14,281 | +3.1% |
| Land and buildings | 22 | €454,017 | €468,298 | +€14,281 | +3.1% |
| Current assets | 29/58 | €498,404 | €483,856 | -€14,548 | -2.9% |
| Amounts receivable within one year | 40/41 | €2,654 | €6,878 | +€4,224 | +159.2% |
| Other amounts receivable | 41 | €2,654 | €6,878 | +€4,224 | +159.2% |
| Current investments | 50/53 | €209,790 | €287,815 | +€78,025 | +37.2% |
| Cash at bank and in hand | 54/58 | €285,732 | €187,386 | -€98,345 | -34.4% |
| Deferred charges and accrued income | 490/1 | €229 | €1,778 | +€1,549 | +675.8% |
| Total equity and liabilities | 10/49 | €952,422 | €952,154 | -€267 | 0.0% |
| Equity | 10/15 | €585,789 | €583,343 | -€2,446 | -0.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €335,789 | €333,343 | -€2,446 | -0.7% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,551 | €116,029 | -€2,522 | -2.1% |
| Distributable reserves | 133 | €208,738 | €208,815 | +€77 | 0.0% |
| Provisions and deferred taxes | 16 | €32,791 | €25,224 | -€7,567 | -23.1% |
| Deferred taxes | 168 | €32,791 | €25,224 | -€7,567 | -23.1% |
| Amounts payable | 17/49 | €333,842 | €343,587 | +€9,745 | +2.9% |
| Amounts payable within one year | 42/48 | €331,564 | €341,742 | +€10,178 | +3.1% |
| Trade debts | 44 | €107 | €1,126 | +€1,019 | +956.2% |
| Suppliers | 440/4 | €107 | €1,126 | +€1,019 | +956.2% |
| Taxes, remuneration and social security | 45 | €3,541 | €1,454 | -€2,087 | -58.9% |
| Taxes | 450/3 | €3,541 | €1,454 | -€2,087 | -58.9% |
| Other amounts payable | 47/48 | €327,916 | €339,162 | +€11,246 | +3.4% |
| Accrued charges and deferred income | 492/3 | €2,278 | €1,845 | -€433 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,646 | €27,608 | -€38 | -0.1% |
| Other operating charges | 640/8 | €2,882 | €3,656 | +€774 | +26.9% |
| Gross operating margin | 9900 | €27,345 | €15,633 | -€11,712 | -42.8% |
| Operating profit (loss) | 9901 | -€3,184 | -€15,632 | -€12,448 | -390.9% |
| Financial income | 75/76B | €18,554 | €23,127 | +€4,573 | +24.6% |
| Recurring financial income | 75 | €18,554 | €23,127 | +€4,573 | +24.6% |
| Financial charges | 65/66B | €16,272 | €17,439 | +€1,167 | +7.2% |
| Recurring financial charges | 65 | €16,272 | €17,439 | +€1,167 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€902 | -€9,944 | -€9,042 | -1002.9% |
| Transfer from deferred taxes | 780 | €2,522 | €2,522 | = | 0.0% |
| Income taxes | 67/77 | €2,972 | €69 | -€2,903 | -97.7% |
| Profit (loss) for the period | 9904 | -€1,351 | -€7,490 | -€6,139 | -454.4% |
| Transfer from tax-exempt reserves | 789 | €7,567 | €7,567 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,216 | €77 | -€6,139 | -98.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.