Helix: 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.
Helix
Largest movements
- Receivables within one year -€49,871
down €49,871 (-73.7%), from €67,681 to €17,810
of which Trade receivables: -€48,116
- Cash +€33,696
up €33,696 (+34.4%), from €98,094 to €131,790
mainly Receivables within one year (+€49,871) and Other debts (+€21,189)
- Tangible fixed assets -€19,086
down €19,086 (-49.3%), from €38,748 to €19,662
- Deferred charges and accrued income -€2,630
down €2,630 (-100.0%), from €2,630 to €0
- Reserves -€40,298
down €40,298 (-41.0%), from €98,213 to €57,915
- Other debts +€21,189
up €21,189 (+41.2%), from €51,413 to €72,602
- Debts after one year -€16,981
down €16,981 (-92.3%), from €18,403 to €1,423
- Trade debts -€2,420
down €2,420 (-69.7%), from €3,473 to €1,052
- Gross operating margin -€5,436
down €5,436 (-10.2%), from €53,153 to €47,718
- Taxes -€745
down €745 (-10.4%), from €7,199 to €6,454
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 | €207,153 | €169,261 | -€37,891 | -18.3% |
| Fixed assets | 21/28 | €38,748 | €19,662 | -€19,086 | -49.3% |
| Tangible fixed assets | 22/27 | €38,748 | €19,662 | -€19,086 | -49.3% |
| Furniture and vehicles | 24 | €38,748 | €19,662 | -€19,086 | -49.3% |
| Current assets | 29/58 | €168,405 | €149,600 | -€18,805 | -11.2% |
| Amounts receivable within one year | 40/41 | €67,681 | €17,810 | -€49,871 | -73.7% |
| Trade receivables | 40 | €65,380 | €17,264 | -€48,116 | -73.6% |
| Other amounts receivable | 41 | €2,301 | €546 | -€1,755 | -76.3% |
| Cash at bank and in hand | 54/58 | €98,094 | €131,790 | +€33,696 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,630 | €0 | -€2,630 | -100.0% |
| Total equity and liabilities | 10/49 | €207,153 | €169,261 | -€37,891 | -18.3% |
| Equity | 10/15 | €98,513 | €58,215 | -€40,298 | -40.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €98,213 | €57,915 | -€40,298 | -41.0% |
| Distributable reserves | 133 | €98,213 | €57,915 | -€40,298 | -41.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,640 | €111,046 | +€2,407 | +2.2% |
| Amounts payable after more than one year | 17 | €18,403 | €1,423 | -€16,981 | -92.3% |
| Financial debts | 170/4 | €18,403 | €1,423 | -€16,981 | -92.3% |
| Amounts payable within one year | 42/48 | €88,698 | €107,918 | +€19,219 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €16,818 | €16,981 | +€162 | +1.0% |
| Trade debts | 44 | €3,473 | €1,052 | -€2,420 | -69.7% |
| Suppliers | 440/4 | €3,473 | €1,052 | -€2,420 | -69.7% |
| Taxes, remuneration and social security | 45 | €16,994 | €17,283 | +€289 | +1.7% |
| Taxes | 450/3 | €16,994 | €17,283 | +€289 | +1.7% |
| Other amounts payable | 47/48 | €51,413 | €72,602 | +€21,189 | +41.2% |
| Accrued charges and deferred income | 492/3 | €1,539 | €1,706 | +€168 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,086 | €19,086 | -€0 | 0.0% |
| Other operating charges | 640/8 | €115 | €110 | -€5 | -4.3% |
| Gross operating margin | 9900 | €53,153 | €47,718 | -€5,436 | -10.2% |
| Operating profit (loss) | 9901 | €33,952 | €28,521 | -€5,431 | -16.0% |
| Financial charges | 65/66B | €2,318 | €2,365 | +€47 | +2.0% |
| Recurring financial charges | 65 | €2,318 | €2,365 | +€47 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €31,634 | €26,156 | -€5,478 | -17.3% |
| Income taxes | 67/77 | €7,199 | €6,454 | -€745 | -10.4% |
| Profit (loss) for the period | 9904 | €24,435 | €19,702 | -€4,733 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,435 | €19,702 | -€4,733 | -19.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.