Helipa: 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.
Helipa
Largest movements
- Receivables within one year +€129,819
up €129,819 (+297.2%), from €43,687 to €173,506
of which Trade receivables: +€120,601
- Deferred charges and accrued income +€23,190
up €23,190 (+739.8%), from €3,135 to €26,324
- Cash +€6,386
up €6,386 (+13.0%), from €49,280 to €55,667
mainly Net result for the year (+€72,289) and Trade debts (+€59,383)
- Tangible fixed assets -€6,352
down €6,352 (-9.7%), from €65,239 to €58,887
of which Furniture and vehicles: -€13,256
- Reserves +€72,289
up €72,289 (+112.5%), from €64,239 to €136,528
- Trade debts +€59,383
up €59,383 (+197.5%), from €30,063 to €89,446
- Other debts +€20,086
up €20,086 (+203.8%), from €9,856 to €29,942
- Tax, wage and social debts +€13,636
up €13,636 (+67.3%), from €20,273 to €33,909
- Debts after one year -€13,348
down €13,348 (-62.2%), from €21,458 to €8,110
- Gross operating margin +€45,041
up €45,041 (+64.6%), from €69,706 to €114,746
- Taxes +€11,012
up €11,012 (+98.8%), from €11,150 to €22,162
- Depreciation +€1,409
up €1,409 (+8.8%), from €16,089 to €17,497
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 | €161,565 | €314,609 | +€153,044 | +94.7% |
| Fixed assets | 21/28 | €65,464 | €59,112 | -€6,352 | -9.7% |
| Tangible fixed assets | 22/27 | €65,239 | €58,887 | -€6,352 | -9.7% |
| Land and buildings | 22 | €4,792 | €13,001 | +€8,209 | +171.3% |
| Plant, machinery and equipment | 23 | €4,764 | €4,252 | -€511 | -10.7% |
| Furniture and vehicles | 24 | €49,818 | €36,562 | -€13,256 | -26.6% |
| Other tangible fixed assets | 26 | €5,865 | €5,072 | -€793 | -13.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €96,102 | €255,497 | +€159,395 | +165.9% |
| Amounts receivable within one year | 40/41 | €43,687 | €173,506 | +€129,819 | +297.2% |
| Trade receivables | 40 | €43,687 | €164,288 | +€120,601 | +276.1% |
| Other amounts receivable | 41 | - | €9,218 | +€9,218 | |
| Cash at bank and in hand | 54/58 | €49,280 | €55,667 | +€6,386 | +13.0% |
| Deferred charges and accrued income | 490/1 | €3,135 | €26,324 | +€23,190 | +739.8% |
| Total equity and liabilities | 10/49 | €161,565 | €314,609 | +€153,044 | +94.7% |
| Equity | 10/15 | €67,239 | €139,528 | +€72,289 | +107.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €64,239 | €136,528 | +€72,289 | +112.5% |
| Distributable reserves | 133 | €64,239 | €136,528 | +€72,289 | +112.5% |
| Amounts payable | 17/49 | €94,326 | €175,081 | +€80,754 | +85.6% |
| Amounts payable after more than one year | 17 | €21,458 | €8,110 | -€13,348 | -62.2% |
| Financial debts | 170/4 | €21,458 | €8,110 | -€13,348 | -62.2% |
| Amounts payable within one year | 42/48 | €72,869 | €166,645 | +€93,776 | +128.7% |
| Current portion of amounts payable after more than one year | 42 | €12,677 | €13,348 | +€670 | +5.3% |
| Trade debts | 44 | €30,063 | €89,446 | +€59,383 | +197.5% |
| Suppliers | 440/4 | €30,063 | €89,446 | +€59,383 | +197.5% |
| Taxes, remuneration and social security | 45 | €20,273 | €33,909 | +€13,636 | +67.3% |
| Taxes | 450/3 | €20,273 | €33,909 | +€13,636 | +67.3% |
| Other amounts payable | 47/48 | €9,856 | €29,942 | +€20,086 | +203.8% |
| Accrued charges and deferred income | 492/3 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,089 | €17,497 | +€1,409 | +8.8% |
| Other operating charges | 640/8 | €810 | €1,075 | +€265 | +32.8% |
| Gross operating margin | 9900 | €69,706 | €114,746 | +€45,041 | +64.6% |
| Operating profit (loss) | 9901 | €52,807 | €96,174 | +€43,367 | +82.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,645 | €1,723 | -€922 | -34.9% |
| Recurring financial charges | 65 | €2,645 | €1,723 | -€922 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €50,163 | €94,451 | +€44,288 | +88.3% |
| Income taxes | 67/77 | €11,150 | €22,162 | +€11,012 | +98.8% |
| Profit (loss) for the period | 9904 | €39,014 | €72,289 | +€33,275 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,014 | €72,289 | +€33,275 | +85.3% |
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 8 October 2026 via checked.be.