HELIOS Foundation: 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 Foundation
Largest movements
- Cash -€7.2m
down €7.2m (-92.4%), from €7.7m to €589,565
mainly Net result for the year (-€9.0m) and Receivables after one year (-€1.0m)
- Profit (loss) carried forward -€9.0m
down €9.0m (-3.1%), from €286.7m to €277.7m
- Gross operating margin -€2.3m
down €2.3m (-45.2%), from -€5.0m to -€7.2m
- Financial income -€2.2m
down €2.2m (-65.6%), from €3.4m to €1.2m
of which Financial income: -€2.5m
- Financial charges +€1.3m
up €1.3m (+551%), from €238,517 to €1.6m
of which Non-recurring financial charges: +€915,687
- Taxes -€761,807
down €761,807 (-96.8%), from €786,918 to €25,112
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 | €288,218,149 | €279,346,983 | -€8.9m | -3.1% |
| Fixed assets | 21/28 | €128,652 | €112,429 | -€16,222 | -12.6% |
| Tangible fixed assets | 22/27 | €128,652 | €112,429 | -€16,222 | -12.6% |
| Plant, machinery and equipment | 23 | €1,234 | €7,069 | +€5,835 | +473% |
| Furniture and vehicles | 24 | €127,418 | €105,360 | -€22,057 | -17.3% |
| Current assets | 29/58 | €288,089,497 | €279,234,554 | -€8.9m | -3.1% |
| Amounts receivable after more than one year | 29 | - | €1,000,000 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,000,000 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €6,908 | €6,616 | -€292 | -4.2% |
| Trade receivables | 40 | €6,408 | €6,116 | -€292 | -4.6% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Current investments | 50/53 | €280,311,810 | €277,589,145 | -€2.7m | -1.0% |
| Cash at bank and in hand | 54/58 | €7,747,471 | €589,565 | -€7.2m | -92.4% |
| Deferred charges and accrued income | 490/1 | €23,308 | €49,227 | +€25,919 | +111% |
| Total equity and liabilities | 10/49 | €288,218,149 | €279,346,983 | -€8.9m | -3.1% |
| Equity | 10/15 | €286,748,863 | €277,754,812 | -€9.0m | -3.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,687,363 | €277,693,312 | -€9.0m | -3.1% |
| Provisions and deferred taxes | 16 | €97,000 | €97,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €97,000 | €97,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €97,000 | €97,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,372,286 | €1,495,171 | +€122,886 | +9.0% |
| Amounts payable within one year | 42/48 | €108,355 | €235,143 | +€126,789 | +117% |
| Trade debts | 44 | €103,991 | €229,887 | +€125,896 | +121% |
| Suppliers | 440/4 | €103,991 | €229,887 | +€125,896 | +121% |
| Taxes, remuneration and social security | 45 | €4,364 | €5,256 | +€892 | +20.5% |
| Taxes | 450/3 | €4,364 | €5,256 | +€892 | +20.5% |
| Accrued charges and deferred income | 492/3 | €1,263,931 | €1,260,028 | -€3,903 | -0.3% |
| Remuneration, social security and pensions | 62 | €25,832 | €94,923 | +€69,092 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,636 | €22,659 | +€17,023 | +302% |
| Other operating charges | 640/8 | €1,260,529 | €1,226,754 | -€33,775 | -2.7% |
| Gross operating margin | 9900 | -€4,986,119 | -€7,239,140 | -€2.3m | -45.2% |
| Operating profit (loss) | 9901 | -€6,278,116 | -€8,583,478 | -€2.3m | -36.7% |
| Financial income | 75/76B | €3,395,403 | €1,166,522 | -€2.2m | -65.6% |
| Recurring financial income | 75 | €2,622,988 | €101,650 | -€2.5m | -96.1% |
| Non-recurring financial income | 76B | €772,416 | €1,064,872 | +€292,456 | +37.9% |
| Financial charges | 65/66B | €238,517 | €1,551,983 | +€1.3m | +551% |
| Recurring financial charges | 65 | €238,517 | €636,297 | +€397,780 | +167% |
| Non-recurring financial charges | 66B | - | €915,687 | +€915,687 | |
| Profit (loss) for the period before taxes | 9903 | -€3,121,229 | -€8,968,940 | -€5.8m | -187% |
| Income taxes | 67/77 | €786,918 | €25,112 | -€761,807 | -96.8% |
| Profit (loss) for the period | 9904 | -€3,908,148 | -€8,994,051 | -€5.1m | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,908,148 | -€8,994,051 | -€5.1m | -130% |
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 14 October 2026 via checked.be.