HELIRO: what changed
What changed
HELIRO
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
-€83,195
2025 · -€76,854-€6,341
Equity
€72,366
2025 · €155,561-€83,195
Cash
€158
2025 · €1,353-€1,195
Balance sheet total
€358,926
2025 · €532,520-€173,594
Largest movements
Assets
- Receivables within one year -€116,969
down €116,969 (-85.8%), from €136,319 to €19,350
of which Other amounts receivable: -€132,318
- Tangible fixed assets -€54,739
down €54,739 (-14.0%), from €390,520 to €335,780
of which Land and buildings: -€40,189
Equity and liabilities
- Profit (loss) carried forward -€83,195
down €83,195 (-568%), from -€14,638 to -€97,833
- Other debts -€71,299
down €71,299 (-21.4%), from €333,083 to €261,783
- Debts after one year -€15,393
down €15,393 (-74.5%), from €20,662 to €5,269
Income statement
- Financial income -€12,181
down €12,181 (-98.2%), from €12,406 to €225
- Financial charges -€3,290
down €3,290 (-58.9%), from €5,585 to €2,295
- Gross operating margin +€1,858
up €1,858 (+8.1%), from -€23,039 to -€21,181
- Other operating charges -€470
down €470 (-11.4%), from €4,115 to €3,646
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€76,854
Gross operating margin
+€1,858
Depreciation
+€189
Other operating charges
+€470
Financial income
-€12,181
Financial charges
+€3,290
Taxes
+€33
Result 2026
-€83,195
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,311
Investment
-€1,199
Financing
-€16,307
Cash 2025
€1,353
From operations (derived)
+€16,311
Net result for the year
-€83,195
Depreciation
+€55,938
Receivables within one year
+€116,969
Deferred charges and accrued income
+€691
Trade debts
-€744
Tax, wage and social debts
-€2,049
Other debts
-€71,299
Investment (derived)
-€1,199
Investment in fixed assets (net)
-€1,199
Financing
-€16,307
Debts after one year
-€15,393
Current portion of long-term debt
+€603
Short-term financial debts
-€1,517
Cash 2026
€158
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,520 | €358,926 | -€173,594 | -32.6% |
| Fixed assets | 21/28 | €390,520 | €335,780 | -€54,739 | -14.0% |
| Tangible fixed assets | 22/27 | €390,520 | €335,780 | -€54,739 | -14.0% |
| Land and buildings | 22 | €342,629 | €302,440 | -€40,189 | -11.7% |
| Plant, machinery and equipment | 23 | €11,880 | €10,667 | -€1,213 | -10.2% |
| Furniture and vehicles | 24 | €36,011 | €22,674 | -€13,338 | -37.0% |
| Current assets | 29/58 | €142,000 | €23,146 | -€118,855 | -83.7% |
| Amounts receivable within one year | 40/41 | €136,319 | €19,350 | -€116,969 | -85.8% |
| Trade receivables | 40 | €4,001 | €19,350 | +€15,349 | +384% |
| Other amounts receivable | 41 | €132,318 | €0 | -€132,318 | -100% |
| Cash at bank and in hand | 54/58 | €1,353 | €158 | -€1,195 | -88.3% |
| Deferred charges and accrued income | 490/1 | €4,328 | €3,638 | -€691 | -16.0% |
| Total equity and liabilities | 10/49 | €532,520 | €358,926 | -€173,594 | -32.6% |
| Equity | 10/15 | €155,561 | €72,366 | -€83,195 | -53.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €157,799 | €157,799 | = | 0.0% |
| Distributable reserves | 133 | €157,799 | €157,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,638 | -€97,833 | -€83,195 | -568% |
| Amounts payable | 17/49 | €376,959 | €286,560 | -€90,399 | -24.0% |
| Amounts payable after more than one year | 17 | €20,662 | €5,269 | -€15,393 | -74.5% |
| Financial debts | 170/4 | €20,662 | €5,269 | -€15,393 | -74.5% |
| Amounts payable within one year | 42/48 | €356,297 | €281,291 | -€75,006 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €14,790 | €15,393 | +€603 | +4.1% |
| Financial debts | 43 | €1,701 | €185 | -€1,517 | -89.2% |
| Credit institutions | 430/8 | €1,701 | €185 | -€1,517 | -89.2% |
| Trade debts | 44 | €3,030 | €2,285 | -€744 | -24.6% |
| Suppliers | 440/4 | €3,030 | €2,285 | -€744 | -24.6% |
| Taxes, remuneration and social security | 45 | €3,694 | €1,645 | -€2,049 | -55.5% |
| Taxes | 450/3 | €3,694 | €1,645 | -€2,049 | -55.5% |
| Other amounts payable | 47/48 | €333,083 | €261,783 | -€71,299 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,128 | €55,938 | -€189 | -0.3% |
| Other operating charges | 640/8 | €4,115 | €3,646 | -€470 | -11.4% |
| Gross operating margin | 9900 | -€23,039 | -€21,181 | +€1,858 | +8.1% |
| Operating profit (loss) | 9901 | -€83,282 | -€80,765 | +€2,517 | +3.0% |
| Financial income | 75/76B | €12,406 | €225 | -€12,181 | -98.2% |
| Recurring financial income | 75 | €12,406 | €225 | -€12,181 | -98.2% |
| Financial charges | 65/66B | €5,585 | €2,295 | -€3,290 | -58.9% |
| Recurring financial charges | 65 | €5,585 | €2,295 | -€3,290 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,461 | -€82,835 | -€6,374 | -8.3% |
| Income taxes | 67/77 | €393 | €360 | -€33 | -8.4% |
| Profit (loss) for the period | 9904 | -€76,854 | -€83,195 | -€6,341 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,854 | -€83,195 | -€6,341 | -8.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.