HELIOTROPE: 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.
HELIOTROPE
Largest movements
- Cash +€22,533
up €22,533 (+1,811%), from €1,245 to €23,778
mainly Net result for the year (+€33,488) and Investment in fixed assets (net) (+€11,333)
- Financial fixed assets -€13,127
down €13,127 (-8.1%), from €162,740 to €149,613
- Receivables within one year +€9,254
up €9,254 (+88.2%), from €10,495 to €19,749
of which Trade receivables: +€11,006
- Reserves +€33,488
up €33,488 (+105%), from €31,907 to €65,395
of which Distributable reserves: +€33,488
- Other debts -€18,844
down €18,844 (-16.9%), from €111,726 to €92,882
- Advances received +€2,904
up €2,904 (+121%), from €2,407 to €5,310
- Financial income +€23,923
up €23,923 (+289,279%), from €8 to €23,932
of which Financial income: +€23,923
- Gross operating margin +€17,924
up €17,924 (+415%), from €4,315 to €22,238
- Taxes +€8,033
up €8,033 (+607%), from €1,324 to €9,357
- Other operating charges +€871
up €871 (+96.2%), from €905 to €1,777
- Depreciation +€400
up €400 (+42.5%), from €942 to €1,342
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 | €186,125 | €203,889 | +€17,764 | +9.5% |
| Fixed assets | 21/28 | €172,459 | €159,784 | -€12,675 | -7.3% |
| Tangible fixed assets | 22/27 | €9,719 | €10,171 | +€452 | +4.6% |
| Land and buildings | 22 | €9,236 | €8,280 | -€956 | -10.4% |
| Furniture and vehicles | 24 | €483 | €1,891 | +€1,408 | +292% |
| Financial fixed assets | 28 | €162,740 | €149,613 | -€13,127 | -8.1% |
| Current assets | 29/58 | €13,666 | €44,105 | +€30,439 | +223% |
| Amounts receivable within one year | 40/41 | €10,495 | €19,749 | +€9,254 | +88.2% |
| Trade receivables | 40 | €8,171 | €19,177 | +€11,006 | +135% |
| Other amounts receivable | 41 | €2,324 | €572 | -€1,752 | -75.4% |
| Cash at bank and in hand | 54/58 | €1,245 | €23,778 | +€22,533 | +1,811% |
| Deferred charges and accrued income | 490/1 | €1,926 | €578 | -€1,348 | -70.0% |
| Total equity and liabilities | 10/49 | €186,125 | €203,889 | +€17,764 | +9.5% |
| Equity | 10/15 | €62,177 | €95,665 | +€33,488 | +53.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,907 | €65,395 | +€33,488 | +105% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €30,048 | €63,536 | +€33,488 | +111% |
| Profit (loss) carried forward | 14 | €11,678 | €11,678 | = | 0.0% |
| Amounts payable | 17/49 | €123,948 | €108,224 | -€15,723 | -12.7% |
| Amounts payable within one year | 42/48 | €123,948 | €108,224 | -€15,723 | -12.7% |
| Trade debts | 44 | €2,218 | €3,601 | +€1,383 | +62.4% |
| Suppliers | 440/4 | €2,218 | €3,601 | +€1,383 | +62.4% |
| Advances received on contracts in progress | 46 | €2,407 | €5,310 | +€2,904 | +121% |
| Taxes, remuneration and social security | 45 | €7,597 | €6,430 | -€1,166 | -15.4% |
| Taxes | 450/3 | €7,597 | €6,430 | -€1,166 | -15.4% |
| Other amounts payable | 47/48 | €111,726 | €92,882 | -€18,844 | -16.9% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €1,342 | +€400 | +42.5% |
| Other operating charges | 640/8 | €905 | €1,777 | +€871 | +96.2% |
| Gross operating margin | 9900 | €4,315 | €22,238 | +€17,924 | +415% |
| Operating profit (loss) | 9901 | €2,468 | €19,120 | +€16,652 | +675% |
| Financial income | 75/76B | €8 | €23,932 | +€23,923 | +289,279% |
| Recurring financial income | 75 | €8 | €23,932 | +€23,923 | +289,279% |
| Non-recurring financial income | 76B | €8 | - | -€8 | |
| Financial charges | 65/66B | €588 | €207 | -€381 | -64.8% |
| Recurring financial charges | 65 | €588 | €207 | -€381 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €1,888 | €42,845 | +€40,956 | +2,169% |
| Income taxes | 67/77 | €1,324 | €9,357 | +€8,033 | +607% |
| Profit (loss) for the period | 9904 | €564 | €33,488 | +€32,924 | +5,836% |
| Profit (loss) for the period to be appropriated | 9905 | €564 | €33,488 | +€32,924 | +5,836% |
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 19 October 2026 via checked.be.