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
- Receivables within one year -€83,233
down €83,233 (-83.0%), from €100,235 to €17,002
of which Trade receivables: -€78,769
- Cash +€31,826
up €31,826 (+182.1%), from €17,476 to €49,302
mainly Receivables within one year (+€83,233) and Stocks and contracts (+€12,811)
- Stocks and contracts -€12,811
down €12,811 (-22.5%), from €56,941 to €44,131
- Tangible fixed assets -€3,754
down €3,754 (-16.6%), from €22,643 to €18,889
of which Land and buildings: -€2,258
- Other debts -€48,242
down €48,242 (-16.8%), from €287,265 to €239,023
- Profit (loss) carried forward -€14,468
down €14,468 (-3.3%), from -€441,634 to -€456,102
- Trade debts -€6,860
down €6,860 (-6.8%), from €100,486 to €93,626
- Gross operating margin +€26,723
up €26,723 (+75.1%), from -€35,572 to -€8,849
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 | €197,295 | €129,323 | -€67,972 | -34.5% |
| Fixed assets | 21/28 | €22,643 | €18,889 | -€3,754 | -16.6% |
| Tangible fixed assets | 22/27 | €22,643 | €18,889 | -€3,754 | -16.6% |
| Land and buildings | 22 | €21,147 | €18,889 | -€2,258 | -10.7% |
| Furniture and vehicles | 24 | €1,496 | - | -€1,496 | |
| Current assets | 29/58 | €174,652 | €110,434 | -€64,217 | -36.8% |
| Stocks and contracts in progress | 3 | €56,941 | €44,131 | -€12,811 | -22.5% |
| Stocks | 30/36 | €56,941 | €44,131 | -€12,811 | -22.5% |
| Amounts receivable within one year | 40/41 | €100,235 | €17,002 | -€83,233 | -83.0% |
| Trade receivables | 40 | €78,769 | - | -€78,769 | |
| Other amounts receivable | 41 | €21,465 | €17,002 | -€4,463 | -20.8% |
| Cash at bank and in hand | 54/58 | €17,476 | €49,302 | +€31,826 | +182.1% |
| Total equity and liabilities | 10/49 | €197,295 | €129,323 | -€67,972 | -34.5% |
| Equity | 10/15 | -€331,634 | -€346,102 | -€14,468 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,634 | -€456,102 | -€14,468 | -3.3% |
| Amounts payable | 17/49 | €528,929 | €475,425 | -€53,504 | -10.1% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €408,929 | €355,425 | -€53,504 | -13.1% |
| Trade debts | 44 | €100,486 | €93,626 | -€6,860 | -6.8% |
| Suppliers | 440/4 | €100,486 | €93,626 | -€6,860 | -6.8% |
| Taxes, remuneration and social security | 45 | €21,178 | €22,776 | +€1,598 | +7.5% |
| Taxes | 450/3 | - | €1,535 | +€1,535 | |
| Remuneration and social security | 454/9 | €21,178 | €21,241 | +€64 | +0.3% |
| Other amounts payable | 47/48 | €287,265 | €239,023 | -€48,242 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,762 | €3,754 | -€8 | -0.2% |
| Other operating charges | 640/8 | €1,679 | €1,750 | +€71 | +4.2% |
| Gross operating margin | 9900 | -€35,572 | -€8,849 | +€26,723 | +75.1% |
| Operating profit (loss) | 9901 | -€41,013 | -€14,353 | +€26,660 | +65.0% |
| Financial charges | 65/66B | €186 | €115 | -€71 | -38.2% |
| Recurring financial charges | 65 | €186 | €115 | -€71 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,199 | -€14,468 | +€26,731 | +64.9% |
| Profit (loss) for the period | 9904 | -€41,199 | -€14,468 | +€26,731 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,199 | -€14,468 | +€26,731 | +64.9% |
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.