HELISE: 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.
HELISE
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-12.3%), from €162,630 to €142,630
- Cash -€13,468
down €13,468 (-45.7%), from €29,487 to €16,019
mainly Debts after one year (-€19,069) and Net result for the year (-€8,294)
- Debts after one year -€19,069
down €19,069 (-12.0%), from €158,616 to €139,547
- Profit (loss) carried forward -€8,342
down €8,342, from €6,641 to -€1,701
- Tax, wage and social debts -€4,256
down €4,256 (-39.0%), from €10,904 to €6,648
- Gross operating margin -€10,784
down €10,784 (-31.1%), from €34,664 to €23,880
- Taxes -€1,931
down €1,931 (-82.6%), from €2,340 to €408
- Depreciation +€917
up €917 (+4.1%), from €22,315 to €23,232
- Financial charges -€873
down €873 (-9.9%), from €8,849 to €7,977
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 | €198,383 | €166,413 | -€31,970 | -16.1% |
| Fixed assets | 21/28 | €165,295 | €146,406 | -€18,889 | -11.4% |
| Intangible fixed assets | 21 | €162,630 | €142,630 | -€20,000 | -12.3% |
| Tangible fixed assets | 22/27 | €2,665 | €3,776 | +€1,111 | +41.7% |
| Plant, machinery and equipment | 23 | €283 | €1,892 | +€1,609 | +568.7% |
| Furniture and vehicles | 24 | €2,382 | €1,884 | -€498 | -20.9% |
| Current assets | 29/58 | €33,088 | €20,007 | -€13,081 | -39.5% |
| Amounts receivable within one year | 40/41 | €1,582 | €2,261 | +€680 | +43.0% |
| Trade receivables | 40 | €974 | €1,339 | +€365 | +37.5% |
| Other amounts receivable | 41 | €608 | €923 | +€315 | +51.8% |
| Cash at bank and in hand | 54/58 | €29,487 | €16,019 | -€13,468 | -45.7% |
| Deferred charges and accrued income | 490/1 | €2,020 | €1,727 | -€293 | -14.5% |
| Total equity and liabilities | 10/49 | €198,383 | €166,413 | -€31,970 | -16.1% |
| Equity | 10/15 | €8,141 | -€153 | -€8,294 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €48 | +€48 | |
| Tax-exempt reserves | 132 | - | €48 | +€48 | |
| Profit (loss) carried forward | 14 | €6,641 | -€1,701 | -€8,342 | |
| Amounts payable | 17/49 | €190,242 | €166,566 | -€23,676 | -12.4% |
| Amounts payable after more than one year | 17 | €158,616 | €139,547 | -€19,069 | -12.0% |
| Financial debts | 170/4 | €158,616 | €139,547 | -€19,069 | -12.0% |
| Amounts payable within one year | 42/48 | €31,054 | €26,507 | -€4,547 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €18,345 | €19,069 | +€725 | +3.9% |
| Trade debts | 44 | €1,796 | €789 | -€1,007 | -56.1% |
| Suppliers | 440/4 | €1,796 | €789 | -€1,007 | -56.1% |
| Taxes, remuneration and social security | 45 | €10,904 | €6,648 | -€4,256 | -39.0% |
| Taxes | 450/3 | €10,904 | €6,648 | -€4,256 | -39.0% |
| Other amounts payable | 47/48 | €9 | - | -€9 | |
| Accrued charges and deferred income | 492/3 | €572 | €513 | -€59 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,315 | €23,232 | +€917 | +4.1% |
| Other operating charges | 640/8 | €829 | €590 | -€239 | -28.9% |
| Gross operating margin | 9900 | €34,664 | €23,880 | -€10,784 | -31.1% |
| Operating profit (loss) | 9901 | €11,520 | €59 | -€11,461 | -99.5% |
| Financial income | 75/76B | €18 | €32 | +€14 | +78.6% |
| Recurring financial income | 75 | €18 | €32 | +€14 | +78.6% |
| Financial charges | 65/66B | €8,849 | €7,977 | -€873 | -9.9% |
| Recurring financial charges | 65 | €8,849 | €7,977 | -€873 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €2,688 | -€7,886 | -€10,574 | |
| Income taxes | 67/77 | €2,340 | €408 | -€1,931 | -82.6% |
| Profit (loss) for the period | 9904 | €349 | -€8,294 | -€8,643 | |
| Transfer to tax-exempt reserves | 689 | - | €48 | +€48 | |
| Profit (loss) for the period to be appropriated | 9905 | €349 | -€8,342 | -€8,691 |
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 9 October 2026 via checked.be.