HELIOS: 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.
HELIOS
Largest movements
- Current investments -€89,654
down €89,654 (-11.4%), from €788,859 to €699,205
- Tangible fixed assets +€31,437
up €31,437 (+2.5%), from €1.3m to €1.3m
of which Land and buildings: +€35,009
- Cash -€22,663
down €22,663 (-35.0%), from €64,728 to €42,066
mainly Net result for the year (-€119,778) and Investment in fixed assets (net) (-€75,748)
- Profit (loss) carried forward -€119,778
down €119,778 (-16.1%), from -€742,482 to -€862,260
- Accrued charges and deferred income +€44,185
up €44,185 (+87.4%), from €50,534 to €94,719
- Financial charges +€15,769
up €15,769 (+50.4%), from €31,264 to €47,033
- Gross operating margin -€14,284
down €14,284 (-60.4%), from -€23,634 to -€37,918
- Depreciation +€6,950
up €6,950 (+18.6%), from €37,361 to €44,310
- Financial income -€3,499
down €3,499 (-18.1%), from €19,336 to €15,837
of which Financial income: -€3,499
- Other operating charges +€430
up €430 (+7.4%), from €5,790 to €6,221
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 | €2,139,689 | €2,068,502 | -€71,186 | -3.3% |
| Fixed assets | 21/28 | €1,255,658 | €1,287,096 | +€31,437 | +2.5% |
| Tangible fixed assets | 22/27 | €1,255,658 | €1,287,096 | +€31,437 | +2.5% |
| Land and buildings | 22 | €988,694 | €1,023,704 | +€35,009 | +3.5% |
| Furniture and vehicles | 24 | €266,964 | €263,392 | -€3,572 | -1.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €884,030 | €781,406 | -€102,624 | -11.6% |
| Amounts receivable within one year | 40/41 | €9,709 | €3,466 | -€6,244 | -64.3% |
| Other amounts receivable | 41 | €9,709 | €3,466 | -€6,244 | -64.3% |
| Current investments | 50/53 | €788,859 | €699,205 | -€89,654 | -11.4% |
| Cash at bank and in hand | 54/58 | €64,728 | €42,066 | -€22,663 | -35.0% |
| Deferred charges and accrued income | 490/1 | €20,734 | €36,671 | +€15,937 | +76.9% |
| Total equity and liabilities | 10/49 | €2,139,689 | €2,068,502 | -€71,186 | -3.3% |
| Equity | 10/15 | €439,912 | €320,135 | -€119,778 | -27.2% |
| Contributions | 10/11 | €1,171,297 | €1,171,297 | = | 0.0% |
| Capital | 10 | €1,171,297 | €1,171,297 | = | 0.0% |
| Issued capital | 100 | €1,171,297 | €1,171,297 | = | 0.0% |
| Reserves | 13 | €11,098 | €11,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,098 | €11,098 | = | 0.0% |
| Legal reserve | 130 | €11,098 | €11,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€742,482 | -€862,260 | -€119,778 | -16.1% |
| Amounts payable | 17/49 | €1,699,777 | €1,748,368 | +€48,591 | +2.9% |
| Amounts payable within one year | 42/48 | €1,649,243 | €1,653,649 | +€4,406 | +0.3% |
| Trade debts | 44 | €7,894 | €12,023 | +€4,129 | +52.3% |
| Suppliers | 440/4 | €7,894 | €12,023 | +€4,129 | +52.3% |
| Taxes, remuneration and social security | 45 | €531 | €1,934 | +€1,404 | +264.5% |
| Taxes | 450/3 | €531 | €1,934 | +€1,404 | +264.5% |
| Other amounts payable | 47/48 | €1,640,818 | €1,639,692 | -€1,126 | -0.1% |
| Accrued charges and deferred income | 492/3 | €50,534 | €94,719 | +€44,185 | +87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,361 | €44,310 | +€6,950 | +18.6% |
| Other operating charges | 640/8 | €5,790 | €6,221 | +€430 | +7.4% |
| Gross operating margin | 9900 | -€23,634 | -€37,918 | -€14,284 | -60.4% |
| Operating profit (loss) | 9901 | -€66,785 | -€88,449 | -€21,664 | -32.4% |
| Financial income | 75/76B | €19,336 | €15,837 | -€3,499 | -18.1% |
| Recurring financial income | 75 | €19,336 | €15,837 | -€3,499 | -18.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €31,264 | €47,033 | +€15,769 | +50.4% |
| Recurring financial charges | 65 | €31,264 | €47,033 | +€15,769 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,714 | -€119,646 | -€40,932 | -52.0% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€78,842 | -€119,778 | -€40,936 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,842 | -€119,778 | -€40,936 | -51.9% |
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 6 October 2026 via checked.be.