HELIOS: what changed
HELIOS
Largest movements
- Receivables within one year -€35,249
down €35,249 (-61.0%), from €57,820 to €22,571
of which Trade receivables: -€33,865
- Stocks and contracts +€19,000
new in 2025: €19,000
- Cash -€15,586
down €15,586 (-62.7%), from €24,870 to €9,284
mainly Net result for the year (-€22,269) and Stocks and contracts (-€19,000)
- Tangible fixed assets +€2,941
up €2,941 (+135%), from €2,172 to €5,113
of which Furniture and vehicles: +€3,272
- Reserves -€22,269
down €22,269 (-70.8%), from €31,442 to €9,173
- Tax, wage and social debts -€4,270
down €4,270 (-96.2%), from €4,437 to €167
- Trade debts -€1,693
down €1,693 (-31.0%), from €5,470 to €3,777
- Gross operating margin -€41,887
down €41,887, from €20,499 to -€21,388
- Taxes -€4,273
down €4,273 (-100.0%), from €4,274 to €1
- Write-downs -€1,532
new in 2025: -€1,532
- Depreciation -€368
down €368 (-21.9%), from €1,677 to €1,309
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,813 | €57,835 | -€28,978 | -33.4% |
| Fixed assets | 21/28 | €2,172 | €5,113 | +€2,941 | +135% |
| Tangible fixed assets | 22/27 | €2,172 | €5,113 | +€2,941 | +135% |
| Plant, machinery and equipment | 23 | €237 | €82 | -€155 | -65.3% |
| Furniture and vehicles | 24 | €1,084 | €4,356 | +€3,272 | +302% |
| Other tangible fixed assets | 26 | €851 | €675 | -€177 | -20.7% |
| Current assets | 29/58 | €84,641 | €52,722 | -€31,919 | -37.7% |
| Stocks and contracts in progress | 3 | - | €19,000 | +€19,000 | |
| Contracts in progress | 37 | - | €19,000 | +€19,000 | |
| Amounts receivable within one year | 40/41 | €57,820 | €22,571 | -€35,249 | -61.0% |
| Trade receivables | 40 | €55,778 | €21,913 | -€33,865 | -60.7% |
| Other amounts receivable | 41 | €2,042 | €658 | -€1,384 | -67.8% |
| Cash at bank and in hand | 54/58 | €24,870 | €9,284 | -€15,586 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,951 | €1,867 | -€85 | -4.3% |
| Total equity and liabilities | 10/49 | €86,813 | €57,835 | -€28,978 | -33.4% |
| Equity | 10/15 | €50,034 | €27,765 | -€22,269 | -44.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,442 | €9,173 | -€22,269 | -70.8% |
| Distributable reserves | 133 | €31,442 | €9,173 | -€22,269 | -70.8% |
| Amounts payable | 17/49 | €36,779 | €30,069 | -€6,710 | -18.2% |
| Amounts payable within one year | 42/48 | €36,779 | €30,019 | -€6,760 | -18.4% |
| Trade debts | 44 | €5,470 | €3,777 | -€1,693 | -31.0% |
| Suppliers | 440/4 | €5,470 | €3,777 | -€1,693 | -31.0% |
| Taxes, remuneration and social security | 45 | €4,437 | €167 | -€4,270 | -96.2% |
| Taxes | 450/3 | €4,437 | €167 | -€4,270 | -96.2% |
| Other amounts payable | 47/48 | €26,873 | €26,076 | -€796 | -3.0% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €1,309 | -€368 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,532 | -€1,532 | |
| Other operating charges | 640/8 | €833 | €697 | -€135 | -16.3% |
| Gross operating margin | 9900 | €20,499 | -€21,388 | -€41,887 | |
| Operating profit (loss) | 9901 | €17,990 | -€21,862 | -€39,852 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €396 | €406 | +€10 | +2.4% |
| Recurring financial charges | 65 | €396 | €406 | +€10 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €17,594 | -€22,268 | -€39,862 | |
| Income taxes | 67/77 | €4,274 | €1 | -€4,273 | -100.0% |
| Profit (loss) for the period | 9904 | €13,320 | -€22,269 | -€35,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,320 | -€22,269 | -€35,588 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.