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
- Tangible fixed assets -€92,021
down €92,021 (-5.4%), from €1.7m to €1.6m
of which Land and buildings: -€62,026
- Cash +€20,787
up €20,787 (+124.1%), from €16,754 to €37,541
mainly Depreciation (+€101,821) and Net result for the year (+€69,870)
- Debts after one year -€107,771
down €107,771 (-10.7%), from €1.0m to €896,898
- Reserves +€69,870
up €69,870 (+20.7%), from €336,748 to €406,618
of which Distributable reserves: +€69,870
- Current portion of long-term debt -€38,312
down €38,312 (-24.2%), from €158,616 to €120,305
- Depreciation +€4,136
up €4,136 (+4.2%), from €97,685 to €101,821
- Staff costs +€3,620
up €3,620 (+4.9%), from €74,161 to €77,781
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 | €1,745,316 | €1,675,063 | -€70,254 | -4.0% |
| Fixed assets | 21/28 | €1,719,029 | €1,627,008 | -€92,021 | -5.4% |
| Tangible fixed assets | 22/27 | €1,718,948 | €1,626,927 | -€92,021 | -5.4% |
| Land and buildings | 22 | €1,524,634 | €1,462,608 | -€62,026 | -4.1% |
| Plant, machinery and equipment | 23 | €88,293 | €68,037 | -€20,256 | -22.9% |
| Furniture and vehicles | 24 | €106,021 | €96,282 | -€9,740 | -9.2% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €26,287 | €48,055 | +€21,768 | +82.8% |
| Amounts receivable within one year | 40/41 | €36 | €36 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €36 | €36 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,754 | €37,541 | +€20,787 | +124.1% |
| Deferred charges and accrued income | 490/1 | €9,497 | €10,478 | +€980 | +10.3% |
| Total equity and liabilities | 10/49 | €1,745,316 | €1,675,063 | -€70,254 | -4.0% |
| Equity | 10/15 | €349,148 | €419,018 | +€69,870 | +20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €336,748 | €406,618 | +€69,870 | +20.7% |
| Tax-exempt reserves | 132 | €376 | €376 | = | 0.0% |
| Distributable reserves | 133 | €336,372 | €406,242 | +€69,870 | +20.8% |
| Amounts payable | 17/49 | €1,396,168 | €1,256,045 | -€140,124 | -10.0% |
| Amounts payable after more than one year | 17 | €1,004,668 | €896,898 | -€107,771 | -10.7% |
| Financial debts | 170/4 | €1,004,668 | €896,898 | -€107,771 | -10.7% |
| Amounts payable within one year | 42/48 | €388,198 | €357,821 | -€30,377 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €158,616 | €120,305 | -€38,312 | -24.2% |
| Trade debts | 44 | €25,471 | €33,851 | +€8,381 | +32.9% |
| Suppliers | 440/4 | €25,471 | €33,851 | +€8,381 | +32.9% |
| Taxes, remuneration and social security | 45 | €41,656 | €38,948 | -€2,708 | -6.5% |
| Taxes | 450/3 | €29,231 | €18,061 | -€11,170 | -38.2% |
| Remuneration and social security | 454/9 | €12,425 | €20,887 | +€8,462 | +68.1% |
| Other amounts payable | 47/48 | €162,455 | €164,717 | +€2,262 | +1.4% |
| Accrued charges and deferred income | 492/3 | €3,302 | €1,326 | -€1,976 | -59.8% |
| Remuneration, social security and pensions | 62 | €74,161 | €77,781 | +€3,620 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,685 | €101,821 | +€4,136 | +4.2% |
| Other operating charges | 640/8 | €2,731 | €4,129 | +€1,398 | +51.2% |
| Gross operating margin | 9900 | €312,757 | €312,819 | +€61 | 0.0% |
| Operating profit (loss) | 9901 | €138,181 | €129,088 | -€9,094 | -6.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €31,540 | €30,937 | -€603 | -1.9% |
| Recurring financial charges | 65 | €31,540 | €30,937 | -€603 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €106,642 | €98,151 | -€8,491 | -8.0% |
| Income taxes | 67/77 | €31,405 | €28,281 | -€3,124 | -9.9% |
| Profit (loss) for the period | 9904 | €75,237 | €69,870 | -€5,367 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,237 | €69,870 | -€5,367 | -7.1% |
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 1 October 2026 via checked.be.