HELIOS: 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.
HELIOS
Largest movements
- Cash -€284,378
down €284,378 (-45.3%), from €628,306 to €343,928
mainly Other debts (-€338,087) and Contributions, distributions and other (-€150,000)
- Stocks and contracts -€163,130
down €163,130 (-22.8%), from €714,096 to €550,966
- Tangible fixed assets -€44,875
down €44,875 (-12.8%), from €349,251 to €304,376
- Other debts -€338,087
down €338,087 (-36.0%), from €939,971 to €601,884
- Profit (loss) carried forward -€118,971
down €118,971 (-29.2%), from €406,856 to €287,885
- Debts after one year -€40,725
down €40,725 (-19.9%), from €204,877 to €164,152
- Staff costs +€16,874
up €16,874 (+5.4%), from €310,895 to €327,769
- Gross operating margin -€9,625
down €9,625 (-2.3%), from €427,686 to €418,061
- Taxes -€5,821
down €5,821 (-29.4%), from €19,804 to €13,983
- Depreciation -€5,039
down €5,039 (-10.1%), from €49,914 to €44,875
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 | €1,757,074 | €1,264,929 | -€492,144 | -28.0% |
| Fixed assets | 21/28 | €349,251 | €304,376 | -€44,875 | -12.8% |
| Tangible fixed assets | 22/27 | €349,251 | €304,376 | -€44,875 | -12.8% |
| Land and buildings | 22 | €261,624 | €240,090 | -€21,535 | -8.2% |
| Plant, machinery and equipment | 23 | €81,555 | €60,719 | -€20,837 | -25.5% |
| Furniture and vehicles | 24 | €6,072 | €3,568 | -€2,504 | -41.2% |
| Current assets | 29/58 | €1,407,822 | €960,553 | -€447,269 | -31.8% |
| Stocks and contracts in progress | 3 | €714,096 | €550,966 | -€163,130 | -22.8% |
| Stocks | 30/36 | €714,096 | €550,966 | -€163,130 | -22.8% |
| Amounts receivable within one year | 40/41 | €58,469 | €65,659 | +€7,191 | +12.3% |
| Trade receivables | 40 | €14,332 | €9,768 | -€4,564 | -31.8% |
| Other amounts receivable | 41 | €44,137 | €55,892 | +€11,755 | +26.6% |
| Cash at bank and in hand | 54/58 | €628,306 | €343,928 | -€284,378 | -45.3% |
| Deferred charges and accrued income | 490/1 | €6,952 | €0 | -€6,952 | -100% |
| Total equity and liabilities | 10/49 | €1,757,074 | €1,264,929 | -€492,144 | -28.0% |
| Equity | 10/15 | €478,919 | €359,948 | -€118,971 | -24.8% |
| Contributions | 10/11 | €22,013 | €22,013 | = | 0.0% |
| Reserves | 13 | €50,050 | €50,050 | = | 0.0% |
| Distributable reserves | 133 | €50,050 | €50,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,856 | €287,885 | -€118,971 | -29.2% |
| Amounts payable | 17/49 | €1,278,155 | €904,981 | -€373,173 | -29.2% |
| Amounts payable after more than one year | 17 | €204,877 | €164,152 | -€40,725 | -19.9% |
| Financial debts | 170/4 | €204,877 | €164,152 | -€40,725 | -19.9% |
| Amounts payable within one year | 42/48 | €1,072,278 | €739,830 | -€332,448 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €40,253 | €40,725 | +€472 | +1.2% |
| Trade debts | 44 | €51,560 | €47,139 | -€4,421 | -8.6% |
| Suppliers | 440/4 | €51,560 | €47,139 | -€4,421 | -8.6% |
| Taxes, remuneration and social security | 45 | €40,493 | €50,081 | +€9,588 | +23.7% |
| Taxes | 450/3 | €18,608 | €13,696 | -€4,913 | -26.4% |
| Remuneration and social security | 454/9 | €21,885 | €36,386 | +€14,500 | +66.3% |
| Other amounts payable | 47/48 | €939,971 | €601,884 | -€338,087 | -36.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €310,895 | €327,769 | +€16,874 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,914 | €44,875 | -€5,039 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,891 | €4,914 | +€1,023 | +26.3% |
| Gross operating margin | 9900 | €427,686 | €418,061 | -€9,625 | -2.3% |
| Operating profit (loss) | 9901 | €62,985 | €40,503 | -€22,483 | -35.7% |
| Financial income | 75/76B | €11,885 | €10,139 | -€1,746 | -14.7% |
| Recurring financial income | 75 | €11,885 | €10,139 | -€1,746 | -14.7% |
| Financial charges | 65/66B | €6,600 | €5,630 | -€970 | -14.7% |
| Recurring financial charges | 65 | €6,600 | €5,630 | -€970 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €68,270 | €45,012 | -€23,258 | -34.1% |
| Income taxes | 67/77 | €19,804 | €13,983 | -€5,821 | -29.4% |
| Profit (loss) for the period | 9904 | €48,466 | €31,029 | -€17,437 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,466 | €31,029 | -€17,437 | -36.0% |
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 15 October 2026 via checked.be.