HELIS: 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.
HELIS
Largest movements
- Current investments -€370,526
no longer reported in 2025 (was €370,526)
- Tangible fixed assets +€346,004
up €346,004 (+10616.8%), from €3,259 to €349,263
of which Land and buildings: +€345,559
- Receivables after one year +€205,000
new in 2025: €205,000
- Cash -€30,916
down €30,916 (-40.7%), from €76,011 to €45,094
mainly Investment in fixed assets (net) (-€350,979) and Receivables after one year (-€205,000)
- Debts after one year +€117,317
up €117,317 (+263.8%), from €44,469 to €161,786
- Trade debts +€45,555
up €45,555 (+9003.6%), from €506 to €46,061
- Tax, wage and social debts -€14,126
down €14,126 (-85.8%), from €16,471 to €2,344
of which Taxes: -€10,078
- Current portion of long-term debt +€7,514
up €7,514 (+221.5%), from €3,392 to €10,906
- Gross operating margin -€36,419
down €36,419 (-80.3%), from €45,379 to €8,960
- Financial income +€29,708
up €29,708 (+23628.4%), from €126 to €29,834
- Staff costs -€8,881
down €8,881 (-26.3%), from €33,732 to €24,852
- Provisions -€6,316
down €6,316, from €2,087 to -€4,229
- Depreciation +€3,887
up €3,887 (+357.1%), from €1,088 to €4,976
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 | €504,270 | €659,573 | +€155,303 | +30.8% |
| Fixed assets | 21/28 | €3,259 | €349,263 | +€346,004 | +10616.8% |
| Tangible fixed assets | 22/27 | €3,259 | €349,263 | +€346,004 | +10616.8% |
| Land and buildings | 22 | €1,698 | €347,256 | +€345,559 | +20356.2% |
| Plant, machinery and equipment | 23 | €1,561 | €2,006 | +€445 | +28.5% |
| Current assets | 29/58 | €501,011 | €310,310 | -€190,701 | -38.1% |
| Amounts receivable after more than one year | 29 | - | €205,000 | +€205,000 | |
| Trade receivables | 290 | - | €205,000 | +€205,000 | |
| Amounts receivable within one year | 40/41 | €36,252 | €42,599 | +€6,347 | +17.5% |
| Trade receivables | 40 | €33,247 | €38,538 | +€5,291 | +15.9% |
| Other amounts receivable | 41 | €3,005 | €4,061 | +€1,056 | +35.1% |
| Current investments | 50/53 | €370,526 | - | -€370,526 | |
| Cash at bank and in hand | 54/58 | €76,011 | €45,094 | -€30,916 | -40.7% |
| Deferred charges and accrued income | 490/1 | €18,223 | €17,617 | -€606 | -3.3% |
| Total equity and liabilities | 10/49 | €504,270 | €659,573 | +€155,303 | +30.8% |
| Equity | 10/15 | €383,092 | €381,893 | -€1,199 | -0.3% |
| Reserves | 13 | €383,092 | €381,893 | -€1,199 | -0.3% |
| Non-distributable reserves | 130/1 | €202,197 | €6,197 | -€196,000 | -96.9% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €196,000 | - | -€196,000 | |
| Tax-exempt reserves | 132 | €177,278 | €174,232 | -€3,046 | -1.7% |
| Distributable reserves | 133 | €3,617 | €201,464 | +€197,847 | +5470.0% |
| Provisions and deferred taxes | 16 | €49,590 | €48,829 | -€762 | -1.5% |
| Deferred taxes | 168 | €49,590 | €48,829 | -€762 | -1.5% |
| Amounts payable | 17/49 | €71,588 | €228,851 | +€157,264 | +219.7% |
| Amounts payable after more than one year | 17 | €44,469 | €161,786 | +€117,317 | +263.8% |
| Financial debts | 170/4 | €44,469 | €161,786 | +€117,317 | +263.8% |
| Amounts payable within one year | 42/48 | €27,119 | €64,569 | +€37,450 | +138.1% |
| Current portion of amounts payable after more than one year | 42 | €3,392 | €10,906 | +€7,514 | +221.5% |
| Trade debts | 44 | €506 | €46,061 | +€45,555 | +9003.6% |
| Suppliers | 440/4 | €506 | €46,061 | +€45,555 | +9003.6% |
| Taxes, remuneration and social security | 45 | €16,471 | €2,344 | -€14,126 | -85.8% |
| Taxes | 450/3 | €11,148 | €1,070 | -€10,078 | -90.4% |
| Remuneration and social security | 454/9 | €5,322 | €1,274 | -€4,048 | -76.1% |
| Other amounts payable | 47/48 | €6,750 | €5,258 | -€1,492 | -22.1% |
| Accrued charges and deferred income | 492/3 | - | €2,496 | +€2,496 | |
| Remuneration, social security and pensions | 62 | €33,732 | €24,852 | -€8,881 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €4,976 | +€3,887 | +357.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,087 | -€4,229 | -€6,316 | |
| Other operating charges | 640/8 | €876 | €890 | +€14 | +1.5% |
| Gross operating margin | 9900 | €45,379 | €8,960 | -€36,419 | -80.3% |
| Operating profit (loss) | 9901 | €7,595 | -€17,527 | -€25,122 | |
| Financial income | 75/76B | €126 | €29,834 | +€29,708 | +23628.4% |
| Recurring financial income | 75 | €126 | €29,834 | +€29,708 | +23628.4% |
| Financial charges | 65/66B | €5,690 | €8,824 | +€3,134 | +55.1% |
| Recurring financial charges | 65 | €5,690 | €8,824 | +€3,134 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €2,030 | €3,482 | +€1,452 | +71.5% |
| Transfer from deferred taxes | 780 | - | €762 | +€762 | |
| Income taxes | 67/77 | €1,566 | €5,443 | +€3,877 | +247.5% |
| Profit (loss) for the period | 9904 | €464 | -€1,199 | -€1,663 | |
| Transfer from tax-exempt reserves | 789 | - | €3,046 | +€3,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €464 | €1,847 | +€1,383 | +298.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.